1. Crude Fair Price: OIL - $106.12
The News:
Given the rebound in the U.S. dollar over the past day, the fair price of crude is below the present market price.
The Breakdown
Earlier in the week, OPEC President Chakib Khelil mentioned to reporters that the cartel would not raise production. What’s more, Khelil also commented that strength in […]
Euro zone finances news
BRUSSELS: Most European governments made big strides last year in cleaning up their finances with the smallest shortfall between revenue and spending on record, according to official EU data yesterday.
The combined public deficit of the 15 nations sharing the euro fell to 0.6 per cent of gross domestic product (GDP) last year, […]
Stocks rose sharply on Friday after quarterly results from Citigroup Inc gave investors hope the credit crisis was nearing an end, while higher-than-expected results from Google Inc sparked a rally in Internet stocks.
Adding to investor enthusiasm, manufacturers Honeywell International and Caterpillar Inc both reported stronger-than-forecast earnings on robust international sales, giving investors hope that a […]
US Retail Sales increase in March
Consumption seems to have experienced a slight recovery in the United States in March, as retail sales have increased on the month, partially reversing losses posted on the previous month, according to data by the US Commerce Department.
Retail sales have increased 0.2% in March, in seasonally adjusted terms, totalling […]
21.4 % is too much for Realtors Pending Home Sales Index.
Fell to 84.6 in February from 86.2
” WASHINGTON - Pending sales of previously owned homes fell a bigger-than-expected 1.9 percent in February to the lowest level on record, according to a report from a real estate trade group on Tuesday that pointed to more troubles […]
EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: hold.