The driving force behind the dollar’s comeback, after six years spent mostly in decline: the perception that, even though the U.S. economy is struggling, things are rapidly getting much worse in other countries. Currencies tend to reflect the strength of their home economies, so the buck now is gaining at its rivals’ expense.
Oil prices rebounded Thursday, gaining more than $2 at times as traders questioned whether this week's two-day plunge signals a real turnaround or just a breather for the bulls. Light, sweet crude for August delivery was up $1.51 cents at $136.11 a barrel less than an hour after floor trading opened on the New York Mercantile Exchange. The contract earlier rose as high as $136.75 and dipped as low
NEW YORK - Oil prices rebounded Thursday, gaining more than $2 at times as traders questioned whether this week's two-day plunge signals a real turnaround or just a breather for the bulls.
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Even a brief rebound by Dow couldn't prevent our market going down. HSI ended spectacularly lower. Our bourse also faced a late sell off as many stocks finished near their lows. This time round i'm blissfully on short as i stared at how weak the market was. Capland simply went "holland" and closed below the $6 mark. I decided to cut my manhattan resource as i see weakness from the weekly chart. I
The Cabinet of the top oil exporter Saudi Arabia said on Monday it would call for a meeting between producing and consuming nations to discuss prices. The Saudi cabinet added there were no fundamental reasons for the oil price surge, adding that markets were well supplied. Iran's OPEC governor, Mohammad Ali Khatibi, said on Monday there was no reason for the Organization of Petroleum Exporting
Friday, as U.S. indexes crashed, MCB Bank ADR was trading at $9.07 a share. (Prices reported on Bigcharts.com typically reflect the closing price of the last trading day.) That's a 10% gain in less than a week!
Its now post Pennsylvania, North Carolina and Indiana, we awaited the results of an anticipated Blowout to end the race of all "races"-- but 'Rush Limbaugh Chaos continues." But unfortunately, even what one might consider a pretty decisive finish, Senator Obama winning North Carolina with a bang, the 16-month campaign moves on to another state. The horses are back on the tracks, barreling their way to a new finish line. The next stops: West Virginia, Oregon and Kentucky. Senator Clinton, remains the challenger, but presses on, nevertheless.On the contrary, Obama rebounds as front runner/presumptive nominee. Could his standing change given what is likely come, in terms of delegates? Some say yes; many say no. His numbers look pretty good at this time: Clinton 1,691 Obama -- 1,855 (pledged d
Barack Obama appears to have rebounded from some of the damage caused by the controversy surrounding his former pastor Rev. Jeremiah Wright, according to the latest CBS News/New York Times poll. Hit the link for more.read more | digg story
Crude oil rebounded, approaching a record, amid claims by the main militant group in Nigeria’s oil- rich Niger Delta that it sabotaged a pipeline operated by a unit of Royal Dutch Shell Plc yesterday.
Crude oil for May delivery rose 24 cents to $115.10 a barrel at 10:56 a.m. on the New York Mercantile Exchange. Prices [...]
The market bounced back into green in noon trades and scaled above 16,150 at close on a broad-based rally.
The market witnessed a dramatic turnaround in early noon trades, as a change of guard from...
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The Euro closed above the 1.5800 mark on Friday but couldn't hold its gains over the weekend due to the G7's weekend reaction and statementsThe Euro appreciated last week above 1.58 against the Dollar, but dropped over the weekend, as a consequence of the G7’s summit reaction. The Euro closed above the 1.5800 mark on Friday but couldn't hold its gains over the weekend due to the G7's weekend reaction and statements and opened quite lower, testing support levels in the 1.56 area. The dollar's appreciation over the weekend indicates that there is risk of concerted intervention by the G7. The dollar rose to a one-week high against the euro, after the Group of Seven expressed concern over sharp fluctuations following a 14 percent slump in the greenback over the past year. The G-7 changed its
Syracuse, New York indie band Ra Ra Riot, have made impressive traction within the indie rock/pop world during the past year, thanks largely to a widely-acclaimed debut EP, 'blogger buzz' and opening for groups like the Editors, Someone Still Loves You Boris Yeltsin and Bow Wow Wow. Ra Ra Riot lives up to their name delivering unabashed chamber indie pop performed with exuberance, the fine-tuned mix of guitars and drums with violins and cellos and a frantic, but jubilant, stage performance.In fact, the band caught the attention of many attendees, other musicians, bloggers and mainstream press at the 2008 South by Southwest Conference in Austin earlier this month.And what is even more admirable is that Ra Ra Riot was able to continue on after the tragic loss of their drummer, John Pike
CURRENCY TRADING SUMMARYU.S. Dollar Trading (USD) rebounded sharply against the majors despite a sell-off in US equities. Reports of hedge funds actively trading commodities and currencies had an impact. Morgan Stanley posted earnings beating the street’s estimate by a sizeable margin, adding to the positive earnings releases from financial institutions thus far this week. The government relaxed capital requirements for the two largest Mortgage brokers Fannie Mae and Freddie Mac thus making available US$200billion of financing for home loans. In U.S. share markets the NASDAQ fell by 58 points (-2.6%) whilst the Dow Jones fell by 293 points (-2.4%). Crude oil pulled back by US$4.94 a barrel to end at US$104.48. The Euro (EURO) was slightly weaker amidst the rebound in USD against major c
US Market rebounds after falling to deep red after they had a worse than expected retail sales and reports that another hedge fund may collapse, But all got vanished when S&P predicted that the Sub Prime Crisis and the Write Down arising because of that is over.Dow gained like 35 points before closing.
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Stocks rebounded quickly Friday, after reports that Ambac Financial Group, the bond insurer, may be close to reaching an agreement that would save its AAA credit rating and avoid nearly $556 billion in losses of securities it guarantees. Shares of Ambac rose over 16 percent, as an announcer on CNBC reported that Ambac could announce a deal on either Feb. 25 or Feb 26.
HONG KONG (MarketWatch) -- Shanghai-listed shares rebounded strongly Monday to lead a regionwide rally, after the Chinese market regulator approved the launch of two new stock funds for the first time in several months, triggering heavy buying in beaten-down resource stocks such as Jiangxi Copper Co. and PetroChina Co.Most other Asian markets were cheered by a higher close on Wall Street, with Japanese stocks rising sharply as shares of Yahoo Japan (4689) and its largest shareholder Softbank Corp. (9984) paced gains after Microsoft Corp. launched a $44.6 billion bid to acquire the Japanese Internet company's parent Yahoo on Friday.Australian shares got a lift from miners after Alcoa Inc. and Aluminum Corp. of China, or Chinalco, jointly acquired a 12% stake in Rio Tinto (RIO)(RTP), raising
Rebounding from four consecutive months of below average performance, the number of HECM reverse mortgages originated rebounded in January posting the fourth best monthly performance on record. The 9,957 HECM’s approved in January represented a 24% increase over the 8,007 HECMs endorsed in the prior month (December 2007) and a 13% jump over the [...]
These were snapped @ Selmark Lingerie’s Spring-Summer 2008 Fashion Show In 2005, back when Leo dumped Gisele, Kelly Slater came in for the sexual rebound, as well. Is this some sort of twisted joke (on the rest of heterosexual mankind) orchestrated by Leo & Kelly Slater or is Bar Rafaeli a wannabe Gisele Bundchen? Regardless of...
The NASDAQ hit a low of 2491.96 today, which was just below the 200 DMA of 2492.90. This was the last area of support that I mention on Saturday on the radio show. Thankfully, this held, and the market rebounded up to 2547 (the high of the day). Now the key is if we can put together of couple more positive days. How high this rally goes will probably determine what type of market we are looking for the the short to medium term. Just above 2575 is the next resistance level, followed by around 2605 (which is also about where the 20 day EMA is). We'll shall see.
by Jim Jelter
Oil and gas stocks closed mixed Tuesday, rallying back from early-session lows as the broader market pared its own losses and crude-oil prices rebounded to $62 a barrel.
($XOI :1,298.06, +1.49, +0.1% ) eked out a 0.1% rise to 1,298 points, led by a 1.6% gain for Valero Energy Corp. (VLO : 73.66, +1.18, +1.6% )
by Jim Jelter
Read more | Digg story
Oil and gas stocks closed mixed Tuesday, rallying back from early-session lows as the broader market pared its own losses and crude-oil prices rebounded to $62 a barrel.
($XOI :1,298.06, +1.49, +0.1% ) eked out a 0.1% rise to 1,298 points, led by a 1.6% gain for Valero Energy Corp. (VLO : 73.66, +1.18,
Indonesia's rupiah rose, after yesterday dropping to the lowest in more than four months, on speculation global investors will return to riskier assets. The rupiah yesterday was the second-worst performer among 15 most actively-traded Asia-Pacific currencies, on concern overseas investors would take funds out of emerging markets as Asian equities slumped. Indonesia's benchmark stock index today rebounded 1.3 percent, snapping five days of slides. The rupiah rose 0.2 percent to 9,132 against the dollar as of 10:22 a.m. in Jakarta from late yesterday in Asia, according to data compiled by Bloomberg. The currency will rise 9 percent this year, said Dean.
