Posts Tagged ‘oil’
Shares and Markets - October 11, 2018 10:30
Stock Markets Wobble and Completely Fall Down
European shares continue to fall hard. The trigger began as the US markets were hit hard during yesterdays trading session, as investors were seriously concerned about a possible trade war and US bond yields. Asian stocks joined in the trend as they plummeted to an 19 month low overnight. Share price valuations have been extremely […]
Gold, Oil and Stocks As The Fed Goes To Bed
In an unsurprising announcement, the Federal Reserve left interest rates unchanged on Wednesday. In a statement they succumbed once again to the fact that the economy has slowed, yet at the same time, left open the door for a hike in June. There seems no hurry to tighten monetary policy at the Fed, but they […]
Where’s The Range For Crude Oil Prices Right Now?
Since the all-out fear of late 2015 and early 2016 subsided, Crude Oil prices have gained more than 50% since the mid February low. The question on everyone’’s lips now, is how far can Oil prices go? As the fear began to dissipate Crude rallied, and rallied strong, to a high above $42 in March. […]
Oil Prices On The Cusp Of A Major Low
So here we are, on the cusp of oil prices breaking the 2015 lows. Below this and oil is heading down to prices not seen since the mid noughties. But how did it get so low? Will it recover? There are a bundle of reasons why oil prices have been falling steady. Supply and demand, […]
Jobless Claims Fall As Does the Dollar
In economic data today coming from the United States, the initial weekly jobless claims fell by 2000 to 328,000 for the week ended 11th January. This figure was just slightly above the consensus estimate which had all been pointing at a reading of around 325,000. Also released the same time were the secondary unemployment claims […]
The Beat Goes On — S&P Sets New Record
All of the money being printed by the major central banks simply has nowhere else to go. Today the S&P 500 rallied again late in the session as managed money went bargain hunting with newly minted dollars, yen and euros. The benchmark equity index closed at 1650.34 (+1.02%) while the Dow Jones Industrial Average rose […]
Gold and Silver Continue to Build New Base
From the bullish perspective Gold and Silver are both continuing to hold onto gains made after the historic — and wholly manufactured — crash that occurred between April 12th and April 15th. In a story that is beginning to sound like that of the movie “Groundhog Day” gold gave back gains made over night selling […]
Gold Rises on Euro Strength
The Euro pushed back towards $1.31 today while the U.S. Dollar weakened versus the Japanese Yen. Yen strength means dollar weakness across the board as we saw all inflation assets move higher.  Gold, up until recent months, had been strongly correlated with the Euro/Dollar cross but that relationship has broken down with the rise of […]
Gold Ends Week Up $54, Silver up $.70
Gold and Silver both were on their way to their best weeks in more than year when a major sell off occurred just after the European close at 11am EST. Zerohedge speculated that it could have been margin-related selling with some long liquidation to shore up losses in other markets. But, seeing as not only […]
Commodity Sell Off Continues, Brent Breaks $100
The big deflationary wave hitting the markets right now is gaining steam. The S&P 500 finally put in a proper down day (~1%) after months of liquidity-fueled levitation. The oil markets took a little while to catch up with the grain complex, which began selling off in late March, but with Brent finally putting in […]
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