Archive for May, 2008
US Dollar Weighed Down By Slowing Spending, Watch for NFPs Next Week
US Dollar Weighed Down By Slowing Spending, Watch for NFPs Next WeekEuro Growth Comes Under Fire Just As ECB Decision ApproachesCommodity Dollars: Canadian Economy Contracts For The First Time In Nearly Five Years
US Dollar Weighed Down By Slowing Spending, Watch for NFPs Next Week
The US dollar inched lower on Friday as US indicators only […]
US Dollar Consolidates Ahead of Monday’s ISM Data
US Dollar Consolidates Ahead of Monday’s ISM Data
The US dollar pulled back from early morning gains as fresh economic data weighted on future growth prospects and traders looked to clear their books ahead of next week’s busy calendar. As a result, the US dollar slid across the majors but recovered from a two-day losing streak […]
What’s Bugging Gold Bugs?
What’s Bugging Gold Bugs?
I’m beginning to wonder if some of the gold bugs are starting to switch to the dark side (crude oil). Why?
Well, gold and crude oil have been very closely correlated on many occasions - mostly due to the long-term dollar bear market. Except right now, amidst surging oil prices (seems like a […]