Weekly Heating Oil Price Update: U.S. Average Unchanged, Last Update Of Season
Written by Jill Mislinski With winter at a close, we are at the end of the heating oil season. This year’s winter was warmer than average and saw a continued drop in heating oil prices, but with a slight uptick toward the season close. The end-of-season jump in prices reflects the crude oil uptick we’ve seen […]
Silver Lows – Silver Ratios
Silver prices as this is written (March 23) are down 60 cents on the day. Scary … no, probably a normal correction. Yes, paper silver prices on the COMEX are “managed” for the benefit of traders, banks and others large enough to manipulate the prices.It makes sense that if a bank, which owns the regulators and can […]
Oil “Redetermination” Season Looms
Video Length: 00:11:46 Earnings estimates for the first quarter of 2016 are projected to show a decline of 10% in year-over-year growth. Take away the impact from decimated Energy sector profits and the picture is a little brighter at only minus 5% “growth.” Second quarter estimates still retain some optimism because, after all, things may […]
After Mixed Earnings, Is Nike Stock A Buy, Hold, Or Sell?
Nike (NKE – Analyst Report) shares are down about 4.3% since it reported mixed earnings on March 22. The premier athletic brand posted earnings of $0.55 per share, beating our EPS consensus of $0.48. However, the company missed on our revenues consensus of $8.2 billion, posting sales of just $8.03 billion for the quarter. Results like these […]
Gold Price Slips On Solid Us Data, Oil Inventory At Record High
Oil prices fell below $38 in Asian trade on Thursday, hitting the lowest level in more than two weeksamid recurring worries of global oversupply. U.S. Department of Energy reported that crude inventories rose to a record high on the seventh week. Crude stockpiles rose by 2.3 million barrels to 534.8 million barrels in the week to March 25. This weekly increase […]
EUR/USD Forex Signal – March 31, 2016
EUR/USD Signal Update Yesterday’s signals produced a losing short trade off the bearish engulfing candle rejecting the resistance level at 1.1338. The level ultimately held however, as can be seen on the H4 chart shown below. Today’s EUR/USD Signals Risk 0.75% Trades must be taken before 5pm London time today only. Long Trade 1 Long entry […]
To Hedge For Brexit, Sell EUR/USD Not GBP/USD
Following the Brussels bombing, the pound weakened alongside the euro. This was due to the growing fear of a “Brexit”. Nevertheless, a Brexit could also hurt the euro. Here is the explanation from Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: We argue that the EUR is underpricing the potential economic disruption related […]
Gold Faces Resistance At $1243
Gold prices dropped $16.16 an ounce yesterday, giving back most of the gains made in the previous session, as expectations that U.S. interest rates will stay low led investors into riskier assets. The XAU/USD pair initially bounced off the support around the $1235 level but encountered significant amount of resistance at $1243 once again. The […]
Robert Kiyosaki And Harry Dent Warn That Financial Crash Is Imminent
Financial experts Robert Kiyosaki and Harry Dent are both warning that the next major economic crash is in our very near future. Dent is projecting that the Dow will fall to “5,500 to 6,000 by late 2017″, and Kiyosaki actually originally projected that a great crash was coming in 2016 all the way back in […]
Dot Plot Convergence As Fed Outsources Policy To Financial Markets
A “dot plot” of Fed-expected rate hikes vs. market-expected rate hikes shows convergence towards the market’s view. In December, Fed Chair Janet Yellen expected four rate hikes this year. So did various Fed governors. On March 21, Atlanta Fed president Dennis Lockhart went out on a limb by proposing a hike in April. The market […]
