Gold, Crude Oil Slump, Leading Commodities Plunge to 4-Month Low – Bloomberg U.S. Economy: Consumer Confidence, NY Manufacturing, Gain – Bloomberg Will Fed’s Courage Pay Off? – Times of London In Europe, Economy is Suffering Too – The Economist Explaining Oil Price Fluctuations – Portfolio Economists Divided on Question of Recession (Video) – Wall Street [...]
The U.S. Economy & The ‘R’ Word – New York Sun Big Funds Embrace Dollar – Daily Telegraph Why the Dollar Rally Ends Here – Fortune Consumer Prices Surge, Job Market Remains Strained – AP/Yahoo News Gold Futures Drop $17 as Traders Eye Dollar, Oil – MarketWatch.com Commodity Dip Shuffles Market Winners, Losers – MarketWatch.com [...]
Gold Looking Oversold By Phil Streible Gold has seen a dramatic decline along with other commodities over the past month, and I think it might be getting a bit oversold. Gold had dropped about 12 percent amid an eight-session losing streak. It finally managed to regain some lost ground Wednesday, August 13, as NYMEX December [...]
Retail Sales Drop First Time in Five Months – AP/Yahoo News Corn Bonanza Won’t Cut Food Prices – Chicago Tribune Driving Continues to Decline as Americans Change Habits – Reuters Oil Drops $3 on U.S. Inventory Drop – Reuters U.K. Pound Falls to 22-Month Low as BOE Slashes Growth Forecast – Bloomberg Dollar Optimists Return [...]
S&P 500 futures were down in early trade, last trading at 1281.75 after the Commerce Department reported U.S. retail sales fell 0.1% in July, the first decline in five months. Gloomy earnings outlooks and an uptick in crude oil aren’t helping matters. Lind Plus Senior Market Strategist Jeff Friedman said for day-traders, the trend looks [...]
Global Worries Boost Dollar – Reuters Oil Falls to 14-week Low – Bloomberg Russia Orders Halt to War – Reuters The Multi-Billion Dollar Olympics – Weekly Standard Lessons from the Credit Crunch – The American What to Make of Oil’s Weakness – RealClearMarkets What Hath the Fed Wrought? – FT Portfolios One Third of New [...]
By Blake Robben During the next 6-9 months, I believe sugar and natural gas will move substantially higher. However, since commodity markets can be choppy, I don’t recommend buying the futures on these commodities outright. Rather, I would recommend call option spreads that involve a downside risk parameter, which allows a trader to know the [...]
Strong U.S Dollar Weakens Gold/Crude – Bloomberg Chinese Inflation at 12-yr High – RealClearMarkets What of the Next Crisis – New York Times The Five Lessons Bankers Must Relearn – Financial Times How Much Longer Will Credit Crisis Last – Telegraph We’re Not Safe from the Credit Crisis – Telegraph The Euro’s Joyride is at [...]
By Phillip Streible The U.S. dollar has posted its biggest gain against the euro in more than eight years and I would expect it to continue higher. The greenback has seen a 4 percent jump against the European currency this month. The dollar rose to $1.49090 against the euro today (August 11). The dollar seemed [...]
As the Olympics Open, China’s Economy Slows – BusinessWeek Thank God for the Chinese Consumer – Wall Street Journal Will the Internet Change China or Vice Versa – Bloomberg Britain Comes to Grips with a Slowdown – New York Times Credit Crunch in a Century’s Context – The Economist Capitalism Gets the Blame for Gov’t [...]
