Fabulous Friday – Monday’s Gas Trade Made You $2,000 – You’re Welcome!
Have you been reading us all week? If you’ve been reading us longer than that, you know we LOVE Natural Gas at these low levels. Well, not so low anymore as Natural Gas Futures (/NG) have jumped 0.20 for the week, which pays $2,000 PER CONTRACT and not only did we feature it on Monday’s post but I discussed […]
Victory Lap Cancelled
Well, after an emotionally exhausting day Thursday, I figured we could actually enjoy a normal trading environment for a few days before Yellen on Wednesday. Nope. For no particular reason at all, the ES has roared off the “Draghi Disappointment” lows from yesterday: The last remaining hope at this point is that we have […]
Gold Price Lifted By ECB Easing Package, Oil, Copper Price Rally
At March meeting, ECB cut deposit, refinancing and margin lending rates among other expanded asset purchases and long-term refinancing operation (TLTRO). Risk buying emerged in selected assets after the event, although heightened market volatility resulted in some contradicting moves. In its economic forecast, the bank foresees oil price to average $34.9 per barrel in 2017. Both market fluctuation andeasing implications helped to boost gold price toward a resistance at […]
Investors Are Catching On: The ECB’s Move Reeks Of Desperation!
The European Central Bank met yesterday morning, and the expectation going in was that they need to do something drastic. In the past, ECB President Mario Draghi said they would do anything it takes, but ultimately disappointed. This time around, analysts expected a cut in interest rates, which were already negative, and an increase in […]
GBP/USD: Bull Pressure To Target The 1.4400 Level
GBP/USD: The pair remains biased to the upside on corrective recovery leaving risk of more strength on the cards. On the downside, support lies at the 1.4250 level where a break will turn attention to the 1.4200 level. Further down, support lies at the 1.4150 level. Below here will set the stage for more weakness […]
E The Daily Shot And Data – March 11, 2016
We start with the Eurozone where Mario Draghi indeed brought out the ECB “bazooka”. Source: nextquotidiano.it Here is what the central bank decided to do: rate cuts, expanded QE, buying corporate bonds, new TLTRO, etc. Source: @fastFT While this cut in the deposit facility was expected, the benchmark rate cut was new. The markets cheered, […]
Joe Sixpack’s Situation In 4Q2015: Joe Continues To Be Better Off
The Federal Reserve data release (Z.1 Flow of Funds) for 4Q2015 – which provides insight into the finances of the average household – shows a modest improvement in average household net worth. Our modeled “Joe Sixpack” – who owns a house and has a job, and essentially no other asset – is better off than […]
Morning Call For March 11, 2016
OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH16 +0.93%) are up +0.98% at a 2-month high and European stocks are up +2.97%. Bank stocks are higher with Goldman Sachs and Morgan Stanley both up at least 1.5% in pre-market trading, while a +2.30% jump in the price of crude to a 3-month high gives energy producing […]
The Chinese Bank Bailout Begins
For some time I have been going on about the huge amount of non performing bank loans (NPL’s) in the Chinese banking system link1. The Chinese response to the 2008-2009 global financial meltdown was to go on an unprecedented public spending binge. The aim was simple to keep up employment and economic growth so as to […]
