Author Archive: Jeremy Parkinson
Balances Keep Hitting Natural Gas
The September natural gas contract fell almost a percent and a half again today as balances continued to loosen over the weekend and forecasts cooled slightly. The entire strip got hit today, with lingering cash strength on short-term heat actually propping up the September contract slightly. The result was a tick higher in the U/V […]
Market Talk – Monday, August 27, 2018
The PBOC change in technical methodology for pricing Yuan was the reason for the stock rally in Asia this morning and also responding to Powell’s comments. It could be political, but the move does look to be underpinning the Yuan, for the moment, as we head towards the next round of Trade Talks. Slowing the […]
Weekly Gasoline Price Update: WTIC Up 5.3%
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are up a penny and unchanged, respectively, from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.73 and San Francisco, CA is the most expensive city, averaging […]
EUR/USD Rate Eyes August-High As Bearish Trends Start To Unravel
EURO TALKING POINTS EUR/USD appears to be on track to test the August-high (1.1700) following the Fed Economic Symposium, and recent price action raises the risk for a more meaningful recovery in the exchange rate as both price and Relative Strength Index (RSI) threaten the bearish trends from earlier this year. EUR/USD RATE EYES AUGUST-HIGH AS BEARISH […]
US Corn Crop Large, But Maturity Limits Upside – Bean Pods High
Market Analysis Pro Farmer’s Midwest Crop Tour results showed record yield potential when field scouts were moving through the eastern and western states of the Midwest, but their results for IL, IA and MN last two days revealed more corn yield variability and lower average yields than was anticipated before the tour began. Excess rains […]
Stocks And Precious Metals Charts – Probabilities And Possibilities, And The Wisdom To Know The Difference
“Most men of business think that ‘Anyhow this system will probably last my time. It has gone on a long time, and is likely to go on still’…Life is a school of probability.” Walter Bagehot Trump announced that his team has consummated a new trade deal with Mexico today, to replace NAFTA. One has to give […]
Gold Posts First Weekly Rise Since July: 5 Fund Picks
Gold prices touched its highest settlement in more than a year. This upsurge was prompted by the U.S. dollar registering its biggest weekly decline since February. The greenback weakened after Federal Reserve Chairman Jerome Powell signaled a “gradual” rate hike pace. Rising gold prices bode well for the overall precious metals market. Gold lost some […]
EC San Francisco Fed On The Predictive Power Of Yield Curve Spreads
A FRBSF maco economic letter discusses the yield curve and recessions. Please consider Information in the Yield Curve about Future Recessions. Although the U.S. economy is in a sustained expansion and many economic indicators show continued strength, concerns about a possible recession have emerged. One reason is the narrowing spread between long-term and short-term Treasury yields. […]
San Francisco Fed On The Predictive Power Of Yield Curve Spreads
A FRBSF maco economic letter discusses the yield curve and recessions. Please consider Information in the Yield Curve about Future Recessions. Although the U.S. economy is in a sustained expansion and many economic indicators show continued strength, concerns about a possible recession have emerged. One reason is the narrowing spread between long-term and short-term Treasury yields. […]
