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Posts Tagged with ‘oil’

Strong Data from the US Pushes Up Dollar and Oil

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By Forextvblog on May 28, 2009 -
Forex TV Blog
The U.S. Dollar and Crude Oil experienced much bullishness in yesterday's trading. The Dollar reacted positively to decent existing Home Sales data and Timothy Geithner's optimistic speech regarding the U.S. economy. This helped the Dollar record a correction against most of its major currency pairs. Crude Oil also reacted positively to the news, helping the "black gold" extend its bullish run. The Dollar rallied yesterday against most of its major counterparts after data suggesting the slowdown in the U.S. housing market has bottomed out g... ( read more )

September 25, 2008 - New Home Sales – On Tap

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By Forextvblog on
The U.S. economic rescue plan of Bernanke and Paulson, as well as the Existing Home Sales figure, has caused frenzy in the market recently. Yesterday, the greenback underwent a volatile trading session against most of its currency counterparts. Starting the early trading sessions off rather flat, the USD's value suddenly dropped following the 14:00 GMT announcement of the Existing Home Sales indicator as it came out worse than forecasted. Correcting this move, however, was the jump in value directly after Paulson and Bernanke's testimonies late... ( read more )

June 20, 2008 - Calm Day for Currency Trading Today

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By Forextvblog on
Yesterday the greenback saw rising trends against most of its major currency trading rivals. During the prior trading session the EUR\USD dropped 98 points from 1.5573 down do 1.5475. In addition the USD experienced bullish behavior against the JPY and the CHF. Yesterday was packed with data for the U.S economy. The most important indicator was the Unemployment Claims, which showed that the U.S weekly jobless claims rose by 5,000 to 381,000 individuals filing new claims for unemployment. The Philadelphia Fed Manufacturing Index, which measures ... ( read more )