U.S. Oil Prices Hit $40 A Barrel, Extending Rally
Oil prices saw slight increases in Asian trade on Friday reaching new highs for 2016 following strong gains the previous session. The oil sector seems confident that major oil producers will strike a deal to freeze output and the current secure interest rate environment has investors optimistic that prices will continue to rise. U.S. crude […]
Sugar Prices Surge To 16-Month Highs Despite Britain’s Controversial Tax
Raw sugar prices spiked to their highest level in 16 months Thursday, as supply concerns outweighed Britain’s recent Budget announcement making it one of the first countries to introduce a sugar tax on soft drinks. Raw sugar for May delivery surged 3.4% to $15.99 on the ICE Futures US exchange Thursday, its highest settlement since […]
Silver Soars Post-Fed As Gold Ratio Tumbles Most In 5 Months
Two weeks ago we hinted at the flashing red warning coming from ‘a 4,000 year old’ financial indicator. The Gold/Silver ratio had reached extremely high levels, which at the time we explained… This isn’t normal. In modern history, the gold/silver ratio has only been this high three other times, all periods of extreme turmoil—the 2008 crisis, […]
Alleged “Bond Shortage” As Japan Cruises Towards One “Quadrillion” Yen Of Negative-Yielding Bonds
Bond Shortage! On Friday, yield on Japanese 10-year bonds hit a record low -0.135%. According to Bloomberg, the chief strategist of Bank of America Merrill Lynch in Tokyo stated those 10-year bonds look “relatively cheap”. Supposedly they are relatively cheap compared to “other tenors”. I presume he means 20-year securities yielding a record low 0.29%. […]
EUR/USD And GBP/USD Forecast For March 18, 2016
EUR/USD The EUR/USD pair broke higher during the course of the session on Thursday, as we continue to see quite a bit of bullishness in this pair. We initially pulled back to the 1.1050 level below, and as a result we found buyers step into this market. This is especially true considering that the Federal […]
Which Financial Sites Are Being Blocked In China?
By Lorimer Wilson Why should I have been concerned about whether or not my site was one of those being censored by the authorities there? Well, I spent amonth in China travelling extensively throughout the country to get an on-the-ground first hand and in-depth understanding as to the health of its current economy and its prospects for […]
Is Fintech The Next Hot SPAC Market?
Written by Amy Cortese The name said it all. FinTech Acquisition Corp., a $100 million special purpose acquisition company, or SPAC, was created last year by banking executives to acquire a company in the booming financial tech space. And on March 9 it did just that, snagging CardConnect, a Pennsylvania-based payments processor, for $350 million in cash […]
Federal Reserve Leaves Interest Rate On Hold
In December 2015, the US Federal Reserve ended its policy of a near zero interest rate which had been in place for seven years, marking the first hike in interest rates in nearly a decade (June 2006). The decision to start the process of “normalising” interest rates had been long awaited and anticipated ever since […]
Is The USD Rally Over For Good Or Over For Now? – SocGen
The Fed took the extreme dovish path, hitting the dollar hard. Is this is an even more significant change? The team at SocGen weighs in: Here is their view, courtesy of eFXnews: The term ‘Currency Wars’ was used by Brazil’s erstwhile Finance Minister, Guido Mantega, in September 2010 in response to moves by some (Asian) countries […]
A Bear Market Rally?
Mixed markets often lead to a debate over the primary trend. Bearish pundits insist: This is just a bear market rally.It can be sharp and strong, but overall conditions are still bearish. Bullish pundits suggest the opposite: There is a strong bullish trend.Some dips occur, but these are merely buying opportunities. Both traders and investors […]
