The euro rose against dollar amid U.S. economic concerns, according to Bloomberg. The flattering U.S. currency demand was damped after the fed
raised concerns over the issues related to economic recovery.

Pound sterling hit to a seven-week low against Euro and it is expected that the trend will continue till the week-end. The Euro has been sharply rising since last Friday against major currencies and it has been predicted by our financial analysts that Euro will keep on rising till the month of September

The stock markets around the world after FIFA world cup final 2010 looks sharp and upward as markets are steady and gaining around the world. The Dow, which was below 9,980 points last week is has now crossed 10,225 points which has shown enormous growth in the new york stock exchange.

British Pound and US Dollar Exchange rate is now 0.4% lower making 1 GBP = 1.5131 USD. Pound also lost against Euro where 1 GBP = 1.1961 EUR. The British pound has witnessed the lowest level since two weeks early this morning in London. The British Pound Sterling exchange rate has weakened against sixteen major and heavily traded currencies around the world.

Smoke was also seen rising from the oil spill site as natural gas was burnt off. After the recent damages bill, BP is now more vulnerable to a takeover by either it’s competitors or by the government. Libya have shown interest in buying BP Shares and it is quite possible for Libya to be a major Stakeholder of BP. Nearly 45,000 employees are working on the oil spill site for clean up purposes.

Oil is a commodity which makes the world go round. The odds are recorded and BP is expected to have a new CEO by the end of this year. Since the recent oil news revolves around BP, the prices of gasoline is fluctuating and oil market is considered to be unexpected. Oil rises above $73 as traders analyze US job market.

FTSE has dropped to nearly 10 month low. The FTSE 100 is currently at 4,790 points and is still predicted to fall but analysts believe that the market will soon recover and will reach to 5,480 points. The matter of fact is that BP shares are on the rise which is not possible for investors to digest.

Euro dips 0.2 pct to $1.2345 which is another negative day for eurozone. The swiss franc also hit high against euro but this news will short live because analysts have predicted euro to incline in the month of July and will keep on rising till October. The investors are advised to buy euros now and sell in the month of euros which will earn you a 20% gain on investments.

The gasoline prices which were lower for past 8 weeks is now over and the prices will now move be about same as 2009 peak time. The gas prices dropped to almost 8% when the rates decreased to $2.69/gallon whereas gasoline prices in Europe dropped to 2.30 euros/gallon.

The U.S. stock market is on the fall but the financial analysts have predicted that the market would rise to almost 600 points this month. Currently at 10,100 points the market may fall a little more than that which could create panic selling by the stock players but this panic will short-live. As confirmed by Goldman and with new investments entering the market, the U.S.stock market forecast is reported to be positive and will continue till the month of July.