‘They Have Chased Bears Back Into The Woods’: Oil Clings To Gains As Sentiment Turns
Listen, people are super excited about crude. On Tuesday afternoon, we got the latest API data and it showed an impressive draw, with U.S. inventories falling by 10.2m bbl last week. That would be the largest draw since September. Of course it still has to be “confirmed” by the EIA numbers, which we’ll get later this […]
Global Stocks Jump, Futures Rise, Crude Booms As Yellen Looms
S&P futures were fractionally higher (+0.1% to 2,476) with all eyes on the Fed’s rate decision as investors await another earnings deluge from companies including Facebook, Coca-Cola and Boeing. Asian and European shares were also higher, prompted by momentum from the latest US record high; the Dollar rebound continued while oil rose above $48 as […]
Gold Market Continuing Volatility
Gold markets had a slightly negative session during the Tuesday session as we crashed back towards the $1250 level. We had formed a shooting star during the day on Tuesday, which show signs of negativity. However, today is the FOMC Interest Rate Statement coming out, as well as the actual decision. I believe that the […]
Why The Value Of Contemporary Money Is Not Dependent On The Value Of Gold
by Philip Pilkington I note that there is oftentimes confusion today when the gold standard era is brought up. The reason for the confusion when discussing this era is because the monetary system functioned in an entirely different way. The confusion goes two ways; both from the past to the present and from the […]
EUR/USD: Awaiting A Breakout Of 1.1618 – 1.1626
Previous: On Tuesday, trading on our currency pair closed slightly up. The daily candlestick has a bullish body of 6 pips, and a long upper shadow of 67 pips. In the first half of the day, buyers received a boost from Yves Mersch’s speech and the IFO report, which showed an increase in business activity […]
The “We” Fallacy
Globalisation, a term that when used in economics refers to the integration of national economies into a global marketplace, is perceived to be part of the reason for economic weakness in some countries. This is a perception that the politically-astute feed upon, often by invoking the “we” fallacy. According to the “we” fallacy, anyone who […]
In This Scenario We Could See Turbulence’: Lowe Warns On ‘Tipping Point
On the heels of a soft CPI print that sent the Aussie tumbling, RBA governor Lowe delivered a speech in Sydney on Wednesday, and as expected, it was notable. “Some central banks are now starting to increase interest rates and others are considering when to withdraw some of the monetary stimulus that has been put in place, [but] this […]
Quiet Fed Day Without Yellen
By definition, the Federal Reserve Open Market Committee meeting is the highlight of the day. Without a press conference, and following last month’s rate cut, there is practically no chance of a new policy initiative either on the balance sheet or the Fed funds target. Market participants will be most sensitive to how the FOMC […]
WTI Crude Oil And Natural Gas Forecast – Wednesday, July 26
WTI Crude Oil The WTI Crude Oil market rallied during the day on Tuesday, slicing through the $47 level. By doing so, and breaking above the top of the shooting star from last week, the market looks as if it is ready to go higher. However, today is not only the Crude Oil Inventories announcement, […]
Indian Indices Continue Momentum; Metal Stocks Witness Buying – Wednesday, July 26
After opening the day marginally higher, stock markets in India have continued their momentum. Sectoral indices are trading on a positive note with stocks in the metal sector and realty sector witnessing maximum buying interest. The BSE Sensex is trading up 86 points (up 0.3%) and the NSE Nifty is trading up 29 points (up 0.3%). The BSE Mid Cap index is trading up by 0.6%, while […]
