Dollar index: The dollar index is trading firm after the Fed’s meet yesterday. The Federal Reserve yesterday met to discuss about the stimulus package and the economy and the rates going forward. This definitely cheered the markets up to a bit. But the markets cleared that rally in the afternoon session when the Fed said […]

The all important Federal Reserve meet is out yesterday and the Fed did cheer the markets a little. The Fed said that it would mainly concentrate on the jobless claims and unemployment data would be a keen watch. It also said that it would be buying treasury bonds until this jobless claims come down. The […]

The Australian markets were trading in the positive territory after the all important Fed announcement yesterday. The Fed said that it would concentrate on the jobless claims and improve the economy for there on. This made all the United States indices to trade on the higher side just after the speech. But that rally fizzled […]

Brent Oil: Brent oil is trading higher or in other words, rebounding from Friday’s close and that is nearly on expected lines. Many would say that this is a consolidation trade and many would expect Brent oil to fall below 108 dollars as Brent oil broke its long term support level of 110 dollars. This […]

The Australian stock market is in an uptrend and it is following the trend from the last week. On Friday, the markets rose 1 percent to close at the day’s high and the market did close at the month’s high on that day in spite of some economic bad news coming through. But, the markets […]

Last week, Dow Jones has been in a consolidation period citing many events in the global markets. The commodities markets were too consolidating and were choppy. Last week, a major event in the form of Fiscal cliff has happened and that was thought to cheer the markets. But, that didn’t happen and some analysts were […]

Dollar index: On Friday, the dollar index has seen some good moves on the upside and has broken the 80 level with ease. This is a major breakout in the dollar index and most probably, this may sustain. So, now this 80 mark will act as a strong support and the dollar index will find […]

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After the Fiscal cliff, there was no major event in the United States. But, the Fiscal cliff that was proposed was very dull and the markets couldn’t cheer it. The markets have been falling since then. But, today, the markets saw a good up move in the latter half of the day on strong earnings […]

Brent oil: Brent oil fell by almost 1 percent as the data which came out yesterday reported that there is huge increase in the stock pileup. Adding to that, euro zone worries and slowdown in the United States economy made Brent oil to fall. This commodity was last trading at $108.7 per barrel. Surprisingly, inventories […]