Wall Street

Online Stock Market Trading By Barry Wood

In addition, due to oil being dollar denominated, as the dollar weakens, Oil prices should increase by relatively the same percentage.

Stock Investing Course The U.S. dollar fell to another record low against the common European currency Monday and oil prices dropped sharply.

It is also interesting to mention Oil prices, which hit this week a record of $114 a barrel, mainly on supply issues and rising demand in China. But the main factor contributing to high Oil prices is the weak dollar itself. The greenback is currently trading around the 1.59 level against the EUR; making safer commodities like Oil more attractive for dollar investments. In addition, due to Oil being dollar denominated, as the dollar weakens, Oil prices should increase by relatively the same percentage.

Stock Market Game If you would like to receive late breaking business news covered by AXcess News then you need to subscribe. By joining, you can stay ahead of the pack and receive the latest news in your email in-box first.

slip material keeps plates and cups from sliding !! Item No. NC35106 $12.95 All prices in US Dollars

Stock Investing Game Print This Page

However a weak dollar combined with rising oil prices will push up inflation and this could restrict the Fed's decision with regards to future monetary policy.

Journal Prime Rate Street Wall Dec 28, 2004 (AXcess News) New York - The U.S. dollar fell to another record low against the common European currency Monday and oil prices dropped sharply.Crude oil prices plunged nearly three dollars a barrel in New York to under $42 a barrel. The over six percent decline took the oil price back to its lowest level in nearly a month. Since peaking at $55 a barrel in late October, oil has come down by about 25 percent. But for the year as a whole oil is still about a third more expensive than it was at the end of 2003. Analysts say Monday's drop was caused by predictions that the North American winter may not be as cold as previously predicted.

An example is blending two tablespoons of Almond Oil with a few drops of Lavender oil for soothing massage oil for muscle aches, pains and sunburns.

Stock Market News The dollar continues its relentless decline that is now nearly three years in duration. The U.S. currency touched another record low against the euro, $1.36 in New York trading. The dollar also fell against the Japanese currency Monday, trading at 103 yen to the dollar. Traders say the dollar could decline to 100 yen within the next few weeks.

Stock Investing Basics The Bush administration continues to say it favors a strong dollar but that market forces should determine its value. Currency traders increasingly believe the Bush administration is pursuing a weak dollar policy in the hope that a weaker currency will bring the massive U.S. trade deficit under control.

Stock Investing Software Gold, already at a 15 year high, is having its longest rally in many years. Gold traded Monday four dollars higher in New York at $446 an ounce. Gold has risen for four consecutive years.Advertisement

Stock Market Trading Source: Voice of America

Stock Investing For Dummy AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.

[ Comment, Edit or Article Submission ]