Mortgage rates dip for fourth week; falling below 6 percent for first time since early OctoberRates on 30-year mortgages sank for a fourth straight week, falling below 6 percent for the first time since early October, and are heading lower due to the government's massive new effort to aid the U.S. housing market.Further drops are likely, analysts said, reflecting the market's positive response... [read more]

The once resilient Euro zone economy is slowly succumbing to the downward pressures of a strong euro, a slowing global economy and tight credit conditions. Looking ahead, I expect the EUR/USD to fall further and test 1.40 dollars per euro.   EUR/USD Could Test 1.40 in 3 months The euro has been very weak over the past month and I expect this down trend to continue going forward. To some... [read more]

  The greenback experienced a trading session of mixed results yesterday. Soon after the trading day began, the USD reached a 6 month record against the EUR as the pair fell to a rate of 1.4630. However, it was a straight or shall we say “strait” downfall for the USD ever since, as the cross rose to breach the 1.4800 level. The USD made its record high against the EUR as a result of a much better... [read more]