Bullish Coffee Trend May be Brewing, by Phil Streible ICE coffee futures have seen a huge decline from the June 2 – 3 highs to under $1.17 a pound by July 22. I think this market is now getting a bit oversold and should see a more seasonal bullish trend redevelop. I’m looking for an [...]
U.S. Consumers’ Mood Wanes in Late July: Survey – Reuters U.S. Natgas Rig Count Climbs 10 to 675 for Week – Reuters Oil Rises to $68 on Economic Optimism – Reuters Commodities Signal 12% Rally by End of Year: Technical Analysis – Bloomberg China May Overtake India in Gold Demand, Council Says – Bloomberg Wheat [...]
Dow Back Above 9,000 on Strong Profits, Home Sales – Reuters The Big Retreat From Inflation Targeting – Reuters Copper at 9-Month High on U.S. Data, Worries Remain – Reuters In Economic Recovery, Not So Fast on the New Jobs – Washington Post Gold Prices Flat as Investors’ Risk Appetite Grows – AP Crude Tops [...]
Gold is getting closer and closer to $1,000 an ounce. Gold traded at $951 today. Here’s an interested chart, courtesy of Reuters and the World Gold Council, illustrating the top 10 holders of physical gold. (click on the image to enlarge it)
Bernanke: U.S. Consumer Will Not Drive Growth – Reuters Gold Edges Above $950/oz as Dollar Slips – Reuters Treasuries: Bonds Fall as Spotlight Turns to Supply – Reuters China Copper Imports Jump as Prices Soar 80% This Year – MarketWatch Crude Falls First Day in Six as Petroleum Inventories Rise – MarketWatch Wheat Market Speculation: [...]
Unemployment Could Undercut U.S. Recovery: Bernanke – Reuters Treasuries – Bond Prices Rise on Bearish Bernanke Testimony – Reuters The Fed’s Exit Strategy – WSJ Bulls Trake Control as VIX Drops Below 25 – MarketWatch Oil’s Year-to-Date Rally Defies Declining Demand – MarketWatch Dollar Gains Vs. Most Rivals Except Yen as Stocks Decline – MarketWatch [...]
Treasury Trend Bearish Despite Bernanke Bounce by Tim Evans Treasury prices have seen some rallies in June and July and are up in the wake of this morning’s Congressional testimony from Federal Reserve Chairman Ben Bernanke, but overall, I see the trend as bearish as investors regain confidence in riskier assets. Look to sell Treasury [...]
U.S. Housing Inventory Data Points to Stabilization – Reuters Gold up More than 1 Percent as Dollar Slides, Oil Firms – Reuters Investors Hungry for More Earnigns Surprises – Reuters How High is Too High for Commodities? – WSJ U.S. Economy: Leading Index Shows Recession May be Nearing End – Bloomberg Cotton Rises to 10-Month [...]
Federal Reserve Chairman Ben Bernanke delivers his semi-annual testimony to Congress on Tuesday. MF Global Research Senior Interest Rate and Equity Market Analyst Nick Kalivas offers his outlook in his daily research notes. Thinking about Bernanke’s Testimony The Fed Chairman is likely to make statements which are consistent with the consensus economic view. His comments [...]
Gas Price Record, One Year Later – CNN Money “Rubbish Rally” is Over, Focus on Growth – CNN Money Insuring Against Hurricanes – Forbes The Father of Shale Gas – Forbes Canada’s Annual Inflation Rate Falls Below Zero For First Time in 15 Years – Chicago Tribune U.S. Housing Starts, Permits Jump in June – [...]
