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05 Apr 2005 07:05 AM
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U.S. Dollar gains on expectations that Fed will raise rates more vigorously:
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The dollar gained reaching a five-month peak against the yen and the two-month high against the European currency on anticipation of a rise in yields on Treasury notes.
"The dollar’s trend is clearly bullish as it’s no longer reacting to negative news," said Yoshiharu Yanagisawa, head
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04 Apr 2005 07:58 AM
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Dollar propped by Fed comments and hourly wages rise:
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The dollar approached new highs against the euro in Europe as comments from Federal Reserve official William Poole assured the markets of a possibility that US interest rates will continue to increase.
The euro fell to $1.2884 from $1.2920 in New York late Friday. The dollar rose to 108.20 yen from 107.50 yen.
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04 Apr 2005 06:51 AM
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Oil hits new records: price reaches $58.18 a barrel:
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Oil prices continue to hit records, despite OPEC signals that the cartel will pump more in April than it did in March.
May crude oil futures rose $0.91 to $58.18 a barrel, topping the previous high of $58.16 reached on Mar. 17.
An OPEC
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01 Apr 2005 08:08 AM
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Goldman Sachs scares markets with $105 a barrel forecast and sends crude above $55:
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Crude oil prices hit back rising above $55 a barrel Friday on the surge in the price of gasoline and heating oil and a bullish report from Goldman Sachs analysts who predict oil prices can top $100 a barrel.
Goldman Sachs, one of the world’s biggest financial institutions, issued a report saying that "oil markets may have entered the early stages of what we have referred to as a ’super spike’ period - a multi-year trading band of oil
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01 Apr 2005 07:03 AM
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Dollar rises against yen on deteriorating business sentiment in Japan:
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The dollar gained against the yen in Asian trading on a negative outlook on the Japanese economy that usually causes a rally in the dollar against the yen.
The Bank of Japan released its quarterly survey called “tankan” that found the Japanese business sentiment to
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31 Mar 2005 09:23 AM
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Seventh rate hike since last summer: Consumer’s pains and gains:
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The seventh interest rate hike since last summer has just occurred, and even the long-term rates are beginning to absorb the increase. The impact on the consumer also begins to be felt, and some categories are going to be more hurt than others.
Rates on fixed-rate mortgages are bound to rise, to finally remove Alan Greenspan’s confusion when he called
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31 Mar 2005 08:13 AM
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Oil gains on worries about gasoline supplies:
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Crude oil re-surged yesterday on concerns that U.S. Refineries will be hard-pressed to meet the nation’s gasoline needs.
Yesterday’s US government report showed a healthy rise in crude stockpiles taking them to the highest level since
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30 Mar 2005 07:38 AM
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Oil paused above $54 in anticipation of US inventory report:
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Oil prices edged up above $54 on Wednesday on the projection that OPEC will not follow its initial intention to boost output by another 500,000 bpd ahead of its next quota-setting meeting in June.
May
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29 Mar 2005 07:30 AM
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Oil prices retreated:
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Oil prices are steadily losing their last week’s gains closing at around $54 a barrel Monday on the New York Mercantile Exchange on the market’s growing confidence that the OPEC supply might be sufficient to meet demand for the time being. Analysts expect priced could fall to as low as $50 a barrel.
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28 Mar 2005 10:41 AM
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House sales may slow down on mortgage rates climb:
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The sizzling housing market can be finally expected to cool down as the rising mortgage rates make home buyers pause before making a decision. Realtors, however, remain optimistic as they project the market will still remain vibrant despite relative slowdown.
Much
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28 Mar 2005 08:09 AM
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Stock funds lose value:
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The drop in the stock market in the first quarter took its toll on the equity funds, causing a drop in most of them in the same period, found research firm Lipper Inc.
All stock funds lost about 2.68 percent through March 24, while diversified stock funds fell an average of 3 percent
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28 Mar 2005 06:08 AM
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Dollar rises in thin Asian trading:
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The U.S. dollar advanced further in very thin Asian trading in the Easter weekend.
The rise was partly due to technical adjustments that took the greenback up one point to a four-month peak of 106.95 yen. Trading was thin, and traders mostly took to the sidelines.
The
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25 Mar 2005 09:53 AM
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Oil keeps rising on Texas plant blast impact:
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Oil prices rose, recovering their strength on the blast in a BP Texas plant, although the traders believe that the impact is more psychological than real.
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25 Mar 2005 08:49 AM
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Sell your dollars, says Citigroup:
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Speculation about the Fed’s next move has been behind most predictions as to the US currency’s possible movements in 2005.
In one of the most recent forecasts, the Citigroup Inc., the world’s biggest financial services company, advises selling
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24 Mar 2005 09:28 AM
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Blast at Texas refinery sends oil price up:
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A powerful blast on a Texas BP oil refinery, the third-largest in the U.S., that killed fourteen people and injured some 100 sent oil prices sharply higher.
The management of the plant that produces 470,000 barrels per day believes the explosion to have been caused
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