OPEC’s emergency meeting is scheduled for tomorrow. Over the past 3 months, oil prices have fallen more than 50 percent! I think that it is worthwhile to revisit an oil chart that I posted earlier this week. Although they are expected to reduce production, they could actually cut by more than 1 million [...]

Posted in Federal Reserve, Forex News, US Dollar, oil dollar No Comments »

Since July, oil prices haven fallen approximately 50 percent. For many people, the drop in oil is a welcome relief but for oil producers, the price of crude has reached levels that could turn budget surpluses into deficits.
According to a report released by the IMF yesterday on the Economic Outlook for the Middle [...]

Posted in ECB, Forex News, Japanese Yen, Oil, US Dollar, US Economy, oil dollar No Comments »

The eyes of everyone from investment managers to stock and currency traders were glued to testimony of the 3 biggest players in the latest financial crisis. US Treasury Secretary Paulson, Federal Reserve Chairman Ben Bernanke and SEC Chairman Cox urged the Senate Banking Committee to approve their request for $700B of taxpayer money. Instead [...]

Posted in Bernanke, Currency forecasts, Dow, Fed Rate Cut Expectations, Federal Reserve, Forex News, Oil, dollar rally, euro, fannie mae freddie mac, forex blog, oil dollar, paulson 2 Comments »