Gasoline prices have seen a steep decline over the past three months. Since hitting a peak on July 20, the national average price for a gallon of gasoline has declined 52 cents, which should inject approximately $120 to $130 billion

10/17/2008 - AUD/USD - Much like some other dollar-based pairs as of Friday (10/17/2008), price action on the AUD/USD daily chart, as shown, has formed a large inverted pennant/triangle formation. Currently, price is around the middle region of this triangle/pennant.

Wild Week, No Easy Fix Momentous events have become commonplace during the past few weeks, with huge multi-hundred point swings in the Dow Jones Industrial Average becoming the new norm. The high volatility reflects the extreme uncertainty felt by investors

Daily Pivots: (S1) 99.98; (P) 100.84; (R1) 102.43; More . Intraday outlook in USD/JPY remains neutral for the moment as choppy sideway trading continues. Though, note that as long as 103.49/54 resistance holds, the fall from 110.66 should still be

Daily Pivots: (S1) 99.98; (P) 100.84; (R1) 102.43; More . Intraday outlook in USD/JPY remains neutral for the moment as choppy sideway trading continues. Though, note that as long as 103.49/54 resistance holds, the fall from 110.66 should still be

The US dollar slipped on Friday, surrendering its early gains as traders were prompted to scale back some flight-to-quality buying in the US dollar due to a recovery in stock markets from dramatic losses this week. Data released today showed

Highlights Stabilisation packages reduce worries over financial markets Focus now on global recession fears EMU has more leeway to cut interest rates than USA Rescue Packages Only Boost Euro Temporarily EUR-USD began the week on a firmer footing, peaking at

Dow -65 S&P -4 NASDAQ -5 Slumping housing data and the lower-than-expected University of Michigan confidence data held back equity markets in early trading, but optimism has retuned mid-morning as markets push back into positive territory. Libor has continued its

The data released this morning continued to paint a very negative picture of the economy. Housing starts fell to a 26 year low in September and the preliminary reading of consumer sentiment for October fell by the most in the

Euro Hurt By Interest Rate Outlook, But Is It Bound to Recover? British Pound: UK Fundamentals Remain Bearish, But Technicals Signal Potential Strength Carry Trades: Commodity Dollars Face Heavy Event Risk Next Week, Japanese Yen Struggles To Hold Onto Gains

The dollar traded little changed against most key currencies Friday. US home construction dropped to the lowest level in 17 years and consumer confidence fell the most on record. The US weak economic data added to growing worries about a

The EURGBP may be at a historical turning point. This is a chart of every price that has ever been recorded in the EURGBP (DM prices prior to the actual Euro). The rally from the all-time low (which was when

The dollar consolidated its prior gains over the past week in continuing, albeit marginally less, volatile trading. Against the currencies of other developed economies, almost all dollar pairs saw lower highs and higher lows than in the week before. From

Economic reports from the US continued to point toward further deterioration in fundamentals, thereby reinforcing sentiment of an imminent recession. The data also revealed a sharp collapse in consumer confidence in light of the recent market turmoil and financial system

Overall: The data released this morning continued to paint a very negative picture of the economy. Housing starts fell to a 26 year low in September and the preliminary reading of consumer sentiment for October fell by the most in

Highlights Credit strains begin to ease; risk appetites improve USD likely to weaken against all others but JPY Bank of Canada and RBNZ rate decisions Key data and events to watch next week Credit strains begin to ease; risk appetites

JPN Services Activity Down 1.4% In Japan, a measure of sector output, declined for the first time in two months. The Tertiary activity index fell 1.4% in August, compared to July's 1.2% increase. Weaker spending reflects consumers facing worsening employment