WoW Insider is getting ready for BlizzCon!
dollar posts

Feed

The U.S. Dollar Is Sharply Lower

The U.S. dollar, which has recently been rather steady, is sharply lower today. September futures for the dollar are trading at 82.30, down 0.90.

Better data coming out of China and Australia pushed the dollar lower, according to traders. While that may be true, it really doesn't explain why the drop was so sharp.

Let's look behind the scenes a bit. Do you remember the rally off the 2009 lows? It was fueled mainly by a weaker dollar, which, in turn, drove up the prices of commodities and the stock market.

Continue reading The U.S. Dollar Is Sharply Lower

Oil Prices Head Higher Despite Bearish Inventory Report

rising oil pricesOil prices have been steadily falling over the past week, but reversed course today and managed to gain $0.89 a barrel to close the day at $72.52.

Today's rise came despite a bearish inventory report that showed oil inventories rose by 4.11 million barrels last week, well above the 300.000 barrels that analysts had been expecting to see.

Continue reading Oil Prices Head Higher Despite Bearish Inventory Report

Dollar Could Hit 15-Year Low Against the Yen, Analyst Says

dollarThe U.S. dollar could drop below 84 yen, according to Gaitame.com Research Institute. Gaitame uses a technical tool called the Bollinger Band, named after its founder John Bollinger. Bollinger bands predict 95% of a security's movement using moving averages and standard deviations. The bands show the dollar bouncing off the lower band six times in the past four weeks. This suggests a strong downward trend.

Traders are watching the 84.50 yen level. If it is broken, the next stop is the 84.00 yen level. The dollar has not breached the 84.00 level since 1995. If the dollar breaches the 84.00 yen level, the next stop is 83.00.

Continue reading Dollar Could Hit 15-Year Low Against the Yen, Analyst Says

Currency Strategist Is Bearish on the U.S. Dollar

Thanos Papasavvas, head of currency management at Investec Asset Management is bearish on the U.S. dollar, CNBC reports. He is speculating that the Federal Reserve will change its language to indicate downside risks to the U.S. economy.

He points up the contrast between the eurozone and U.S. economies. European leaders have taken measures to cut their deficits and spending. The U.S., on the other hand, is still spending to stimulate our economy. Papasavvas told CNBC that the "Dollar weakness will be the story of the next few months."

Continue reading Currency Strategist Is Bearish on the U.S. Dollar

Time to Buy Gold? James Altucher Says Buy Stocks Instead

After selling off its three month lows of $1,156.90 per ounce, prices of gold have been coming back. Driving the yellow bullion higher is the euro, which is strengthening against the U.S. dollar, and rising prices of oil and even stocks.

But as gold comes back off its lows, is it time for investors to get in? If stocks continue to rise, it seems that gold could fall further.

We turned to James Altucher, managing director of Formula Capital to find out.

Continue reading Time to Buy Gold? James Altucher Says Buy Stocks Instead

Oil Spikes to Over $79.00 per Barrel

September oil futures traded at $79.12 per barrel, up $2.56 (as of 14:40 EDT). Brent crude was up $2.24 per barrel at $77.61.

The reasons for the jump were varied. Some cited the possibility of another storm in the Gulf, others cited the fact that oil has been holding above its 200 day moving average. Stocks and commodities trade and then we write about the reasons for the prices changes. One big mover was the US dollar. It took a hit. The September contract traded 82.975, down .798. When the dollar goes down, buying oil gets cheaper.

Continue reading Oil Spikes to Over $79.00 per Barrel

Has the Euro Passed Its Own Stress Test?

On the cusp of stress tests for Europe's banks, the continent may have already passed a major stress test -- one for the euro currency, Bloomberg News reported Thursday. A scant two months ago, the dominant concern among institutional investors was not the return on their investment in European government bonds, but the return of their investment.

Institutional investors drove up interest rates for debt-plagued nations Greece, Spain, Portugal, Italy, and Ireland, and banker-to-banker distrust increased.

Continue reading Has the Euro Passed Its Own Stress Test?

Oil Falls On Bearish Inventory Report and Bernanke Testimony

falling oil pricesOil prices headed lower on Wednesday after the Department of Energy announced a surprise increase in inventories last week.

Analysts had been expecting to see oil reserves decline last week by 1.4 million barrels, but the weekly inventory report showed that inventories actually increased during the week by 400,00 barrels.

Continue reading Oil Falls On Bearish Inventory Report and Bernanke Testimony

Euro Surges Above $1.29

The currency of the month in the foreign exchange -- the equivalent of the 'flavor of the month' in the currency markets? You guessed it -- the euro, which surged above $1.29 Thursday morning before pulling back slightly at mid-day.

The roughly 2-cent move higher Thursday continues a remarkable rebound for the European currency.

A month ago, the euro plunged to $1.16 amid a vortex of news that one or possibly all of Europe's debt-plagued countries -- Greece, Spain, Portugal, Ireland, and Italy -- could default. And there was even talk of a 'break-up of the euro-zone' and possibly an end to the euro.

Continue reading Euro Surges Above $1.29

Euro-Dollar Parity? Not So Fast

U.S. dollarGreece's debt woes this spring and talk of comparable problems in other debt-plagued eurozone nations, such as Spain, Italy and Portugal, had the euro bears talking euro-dollar parity as the euro plunged to $1.1877 in early June -- a four-year low.

But a month later the euro has strengthened 5.8% to $1.2574, and suddenly the teeth of the euro bears do not look as sharp.

Continue reading Euro-Dollar Parity? Not So Fast

Will Gold Trade Higher from These Levels?

Last week was unusual when you compare the traditional relationship between gold and the U.S. dollar. Out of left field came a stunning rally in the euro to the $1.25 level, after being beaten down to $1.18 The U.S. dollar moved in tandem on the downside, to the 85.00 level vs. a basket of currencies.

Normally, gold will move inverse to the dollar; i.e., when the dollar drops, gold rises. Last week, however, gold sold off sharply when the euro rose. The presumption was that Europe was on the mend and the crisis was over.

Continue reading Will Gold Trade Higher from These Levels?

The Euro Soars While the U.S. Dollar Gets Hammered

Just a week or so ago, traders and analysts were looking for the euro to trade at parity with the U.S. dollar. Now it seems that the markets got turned upside down.

The euro has powered higher for the last several days and is now trading above $1.25 The reason given was traders were worried that banks would have to borrow heavily from the European Central Bank (ECB) to meet their financing needs. However, they borrowed less than anticipated. Then there was the fear that Spain would not be successful in issuing 3.5 billion euros of five-year bonds. That also did not happen.

Continue reading The Euro Soars While the U.S. Dollar Gets Hammered

Oil Prices Drop 3% on Economic Fears

Oil Prices Fall 3%Tuesday was a tough day for oil traders, with oil prices falling 3% to a two-week low.

The main thing spooking traders was a report that indicated growth in China was running lower than previously expected.

The Conference Board announced that, when it previously released that China's leading economic indicator rose by 1.7% during April, there was a calculation error. Instead of growing by 1.7% in April, it actually grew by a mere 0.3%.

Continue reading Oil Prices Drop 3% on Economic Fears

Will China Surpass the U.S. as the Economic Superpower in Seven Years?

China superpower China is developing fast and, even though it has some issues with human rights, pollution and corruption, people have been speculating that it could be the next global super power.

China has a population of 1.3 billion, which is four times the U.S. population of 308 million. Simple math dictates that if four Chinese people can match one U.S. person in productivity, China will surpass the U.S. in production.

Continue reading Will China Surpass the U.S. as the Economic Superpower in Seven Years?

China's Yuan Move: A Start

Now that China has agreed to a modest appreciation of the yuan, should investors expect more of the same in the quarters ahead?

At this juncture, no. The yuan's record high of 6.7980 yuan to the dollar reached Tuesday represents just a minor adjustment in Beijing's monetary policy, and that's what investors should look forward to: an incremental and very slow effort by Beijing to let the yuan appreciate, with limits.

How much will China let the yuan appreciate in a year? Perhaps 5% a year. The aforementioned may not seem like much but it does represent a Beijing response to international political pressure, primarily from the United States and the European Union.

Continue reading China's Yuan Move: A Start

Next Page >

BloggingBuyouts is provided for informational purposes only. Nothing on the service is intended to provide personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio or securities, transaction, investment strategy or other matter. You are solely responsible for any investment decisions that you make. The contributors who provide the content of BloggingBuyouts may, from time to time, hold positions in the securities discussed at the time of writing and they may trade for their own accounts. Such holdings will be disclosed at the time of writing. By using the site, you agree to abide to BloggingBuyouts' Terms of Use.

Terms of Use

Deals
Alliance Boots, bidding war, 2007 (2)
Bausch and Lomb, $3.7b, 2007 (1)
Blackstone, IPO, 2007 (44)
Chrysler, $7.5b, 2007 (28)
DoubleClick, $3.1b, Apr 2007 (2)
Express Stores, $548m, 2007 (2)
Harman Int'l, 2007 (7)
Laureate, $3.1b, 2007 (1)
Palm Inc, 2007 (1)
Sallie Mae, $25b, 2007 (16)
Travelport, $4.3b, Aug 2006 (1)
TXU Inc., 2007 (16)
Features
Activist investing (127)
Top deals (61)
Firms
Apax Partners (9)
Apollo Management (47)
Bain Capital (67)
Cerberus Capital (53)
Citigroup (11)
Clayton, Dubilier and Rice Inc. (8)
Golden Gate Partners (4)
GS Capital Partners (29)
J.C. Flowers (19)
KKR (119)
Madison Dearborn Partners (23)
Merrill Lynch (5)
Morgan Stanley Capital Partners (5)
Permira (6)
Providence Equity Partners (16)
Silver Lake Partners (21)
Texas Pacific Group (69)
The Blackstone Group (174)
The Carlyle Group (76)
Thoma Cressey Equity Partners (0)
Thomas H. Lee Partners (27)
Warburg Pincus (10)
Welsh, Carson, Anderson and Stowe (3)
News
Deals (663)
Engagements (104)
Financials and analyticals (80)
Investments (234)
Management (121)
Management fees (19)
Movers and shakers (67)
Private equity (29)
Private equity industry (341)
Public or private? (209)
Raising money (144)
Rumors (191)
Shareholders (98)
Taxes and regulations (45)
Value and lack thereof (124)
Venture capital industry (54)

RSS NEWSFEEDS

Powered by Blogsmith

Sponsored Links