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- Friday: Forex Market Summary
EURO
The euro lost marginal ground vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5720 level and was capped around the $1.5780 level. The common currency reached its highest level since 9 June before coming off. Data released in the U.S. today saw May personal income double following an increase in personal income. May personal consumption expenditures were up 0.8%, up from 0.4% in April and the largest gain since … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content. 
Переслать - Another Record Oil Surge Leans On US Stocks and Dollar
Gloom covered the the US financial markets Friday: Oil shot up to a new high of $142.26 in the New York trading session due to an apparent short squeeze in the futures markets. There hasn’t been any “latest” scare news, just that Nigeria and Venezuela are due to meet soon to discuss high oil prices. Already, the idea of $200 oil is floating in the air as people talk about that number in the media. In the currency markets, the US dollar continued its downward move against the Euro, Swiss franc, … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content. Переслать - Markets Falling: How Far, How Scary?
As I sit here writing this (Friday morning) the stock market is trying to hold even on some positive personal income numbers. The last few weeks have been very hard on stocks in general. So, is this the great bear market of the new century or a short terms set back and positive growth will eventually drive stocks higher? First, let us see what some of the market averages have done since recent peaks:
- Dow Jones Industrial Average: Down 12.2% since peaking just above 13,000 in mid … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content. Переслать - Is General Motors Going Bankrupt?
General Motors (gm) shares closed down a dollar thirty eight today, sending the stock to fifty three year lows. Moreover, the company's market capitalization is now only $6.43 billion and the price to sales is just .04. To put that in perspective, while yes the company is a big money loser, they still rang up 181 billion dollars in sales last year.
Unlike Chrysler which was taken private by Cerberus Capital Management in a $7.4 billion deal, a deal that happened because … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content. Переслать - Three Ways To Profit From The Biggest Airport On Earth
By William Patalon III
Oil and jet-fuel prices are in the stratosphere, many of the world’s top airlines have ordered severe cutbacks, and passenger traffic is falling, so why is Dubai funneling 82 billion of its petrodollars into an aerospace project that includes plans for the world’s largest airport?
The answer is simple. Dubai isn’t concerned about the near-term turbulence that has sent global investors diving for cover and induced airline-industry executives to … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content. Переслать - Biotech Exhibiting A Quiet Strength
There seem to be many reasonably priced plays within biotech at the present time, which is a very good thing in a soft market such as the one we have been slogging through. Zacks senior biotech analyst Grant Zeng, CFA was on hand to give us his perspective on the sector recently.
Do you expect 2008 will be a strong year for biotech stocks?
Yes, I am still positive for the whole biotech industry for 2008. If you look at the performance … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content. Переслать - Congress And Convenient Problem Solving
Anyone ever get the impression that Congress is only interested in providing "convenient solutions to convenient problems", instead of addressing the underlying causes in a way that actually resolves the situation?
Where was Congress when speculators, cheap money and weak lending standards were driving up housing prices and creating a future economic crisis? They were all out celebrating the housing as evidence of their ability to manage the economy of course, because pointing out the … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content. Переслать - Is GrafTech International A Buy?
GrafTech International Ltd. (GTI) posted very strong first-quarter results on May 1 that included a 27% increase in sales from the same period last year. After the solid quarterly performance, GrafTech boosted its full-year guidance, placing this company’s stock price very close to value territory.
GrafTech International Ltd. develops and manufactures graphite electrodes, advanced carbon and graphite materials, and flexible graphite. Its products are used in … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content. Переслать
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управлять всей подпиской: http://www.rss2email.ru/manage.asp - Dow Jones Industrial Average: Down 12.2% since peaking just above 13,000 in mid … [visit site to read more]
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