U.S. Stocks Hit Record High

February 29, 2012 | 08:11 AM | Posted by David Mason

U.S. stock closed at a record high at the end of trading yesterday. Both the Dow Jones and the S&P 500 reached new highs, with the Dow Jones closing at over 13,000 for the first time since May of 2008.  The main reason for the bullish position by traders is the CB Consumer Confidence report which was...

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Commodities Take a Hit

February 28, 2012 | 08:04 AM | Posted by David Mason

Another crucial step in the rehabilitation of the Greek economy took place yesterday, with the German government approving Chancellor Angela Merkel’s request for a 130 billion Euro bailout. The approval was not nearly as unanimous as the previous approval for the first Greek bailout, with many German...

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G-20 agrees not to agree regarding Europe

February 27, 2012 | 08:52 AM | Posted by David Mason

The Euro is up against the Pound and greenback during the Asian session, as trading resumes after the weekend. However, the Euro is down against the Yen, trading at 109.12 after a decline of 0.09%. The Yen also gained ground against the Dollar, with the USD/JPY down by 0.04% and trading at 81.17...

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Strong Jobs Data in America

February 24, 2012 | 07:54 AM | Posted by David Mason

The Unemployment Claims weekly data released yesterday in the United States came in as expected at 351,000, but is down overall for the month. This positive trend continuous what has been a cautious yet optimistic conclusion that the U.S. economy is taking its first steps on the road to recovery...

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Crude and Natural Gas Down

February 23, 2012 | 07:52 AM | Posted by David Mason

The USD held its ground against other major currencies in early trading today. The dollar looked strong as crude oil reached a nine month high, causing worry amongst investors that global growth could be limited. Oil is trading at 106.18 USD per barrel, a decline of 0.08%. The USD/JPY is down this...

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