Philip Chua Business Blog

Posts Tagged ‘dollar’

(SINGAPORE) Gold prices continued to head south yesterday, with some analysts predicting more selling pressure in the coming weeks.
The yellow metal retreated after the US dollar rebounded against the euro, while firmer oil prices offered little help as investors turned cautious on bullion after it failed to sustain recent gains.
Gold dropped below a psychological level of US$1,100 an ounce as unc… more

The dollar remains on a firm footing. In spite of attempts by US central bank chairman Ben Bernanke and his colleagues to dampen rate hike expectations triggered by last week’s increase in the discount rate by repeatedly stating that interest rates would remain “at exceptionally low levels for an extended…

The dollar has surged to an 8-month high against the euro, and is also rising against other currencies. Its strength could start damaging the fragile U.S. recovery.

United States – European Union – Gross domestic product – Greece – Government

THE bottom fell out of the local stock market yesterday as a combination of fears took grip – worries over China’s bank lending restrictions which apparently could choke off a recovery, and an unstable Wall Street which has been rocked by fears of radical banking reforms.

Besides the twin fears, there was added pressure from a slight firming of the US dollar, raising ‘carry trade’ concerns where… more

U.S. Dollar fails to form a higher high and might continue its downtrend. Indicators show us a bearish market like RSI, which breaks 50% level and continues upwards, MACD, crosses the signal line pointing up and Bollinger band gives us a bullish signal by closing the candle above the upper…

The build-up in dollar shorts mainly reflects an unwinding of short GBP positions, which were reduced to 24% of open interest, from 40%, amid general strong sterling performance. Following the collection of IMM data, sterling has lost its positive momentum, however, suggesting that also the momentum at which GBP shorts…

Asian stocks slipped on Tuesday on caution before the earnings season in the United States, while the U.S. dollar weakened against the yen, dragging Japanese exporters down.

Forecasts for warmer weather, a stronger dollar and further signs the U.S. consumer is still hurting sent oil prices lower for the fifth straight day.

Currency dealers watched US yields this week for clues on the direction FX trading would take in the first months of the new year. The dollar price action mirrored yields in the US two-year note all week: yields in the note climbed to test 1.18% early on, aiding the dollar,…

Between Christmas and New Year, the US currency remained firm for the most part. The dollar was boosted primarily by hopes of the economic recovery continuing and the upbeat mood in equity markets. Although the Fed is trying hard not to alarm bond markets prematurely, market participants are bracing themselves…