EIA Sees Possibility Of Peak Tight Oil By 2022
The latest Annual Energy Outlook from the Energy Information Administration suggests the possibility that U.S. oil production will stop growing in three to four years. Between 2010 and 2015, annual oil production in the U.S. grew by four million barrels per day (BPD). Production dipped in 2016, but then U.S. crude oil production again rose […]
USD/CAD Daily Analysis – Wednesday, February 28
USD/CAD broke above 1.2757 resistance, suggesting that the upside movement from 1.2450 has resumed. Further rise could be expected and next target would be at 1.2850 area. Key support is now at 1.2614, only a breakdown below this level could bring price back to 1.2500 area.
These 5 VIP Hedge Fund Stocks Are Beating The Market
Hedge fund trades have just been revealed for the last quarter, with the release of 13F forms filed with the SEC. Based on the latest trades of top hedge funds, Goldman Sachs has compiled a list of 50 “Hedge Fund VIP Stocks”. These are the stocks that appear most often in the top 10 holdings […]
China PMI And Copper
With the end of February, China puts itself in the spotlight with the first major PMI results of all the major economies, and major economy is the key word as China’s influence across global markets only grows by the year. The February manufacturing PMI came in at 50.3 (51.2 expected, 51.3 previous), and the Non-manufacturing […]
Gold Prices Brace For Second Day Of Powell Testimony, US GDP Data
Gold price fell as hawkish testimony from Federal Reserve Chair Jerome Powell stoked rate speculation. That sent the US Dollar higher alongside benchmark US 10-year Treasury bond yields (as expected), undermining the appeal of paper money alternatives and non-interest-bearing assets epitomized by the yellow metal. Crude oil prices followed suit. Fears of a rapid rise in borrowing costs weighed on risk appetite, […]
Oil Price Causes Spikes And Crashes In Inflation
Big moves in oil price have a big impact on inflation Correlation of 54%, hence, if oil price increases inflation increases and vice versa This chart also highlights how sensitive CPI as a measure of inflation is too big price changes in oil
Durable And Capital Goods, Distortions Big And Small
New orders for durable goods, excluding transportation industries, rose 9.1% year-over-year (NSA) in January 2018. Shipments of the same were up 8.8%. These rates are in line with the acceleration that began in October 2017 coincident to the aftermath of hurricanes Harvey and Irma. In that way, they are somewhat misleading. The seasonally-adjusted data gives […]
1-Year Treasury Rates Hit 10 Year High
Yesterday in the bond auction, the 1-year Treasury bill yield hit a 10-year high at 2.02 percent. This is good news for savers as they are finally starting to see some risk free returns on their money in the bank. Furthermore, new Fed Chair Jerome Powell testified on Capitol Hill and suggested that there will […]
US Dollar Bullish Momentum Faces Final Resistance Zone
EUR/USD 4 hour The EUR/USD broke below the support trend line (dotted blue) and is now testing the previous bottom (green). The support zone is a key decision level for a bullish bounce or bearish breakout and will decide whether USD strength or weakness will prevail. A bearish break makes a wave 4 (purple) pattern […]
Sensex Trades In Red; Manufacturing Activity Slows Down
After opening the day in red, Share markets in India have continued the downtrend and are presently trading deep in red. Sectoral indices are trading on a negative note, with stocks in the metal sector and stocks in the banking sector witnessing maximum buying interest. The BSE Sensex is trading down by 250 points (down 0.7%) and the NSE Nifty is trading down 82 points […]
