Interesting questions being posed on the 1+% growth in US business inventories and the 2+% increase in US retail sales. Is it really growth or the impact of QE2 plus the rise of 15% in oil prices in the month of April 2011. Given everything else that has been happening in the last two weeks,…Read more
Jawwad
Oil price update: US Stockpile and Gasoline inventories climb – commodities and precious metals tumble
Yesterday’s crude US stockpile and inventory update was heard around the world. While analysts expected crude inventories to rise, gasoline inventories were expected to dip in anticipation of the summer driving season. However demand for petroleum products at the gas pump in the US was not just flat but down. U.S. crude oil stocks rose…Read more
Oil Prices Tumble: Oil (WTI) breaks a 100, Brent hovers around 111 …
Four days ago, I recommended that we short oil and commodities post the OBL event. Today is pay day. WTI broke into double digits after trading above 110 while Brent headed lower to the 111 range all the way down from 120. While the list of culprits is long, ECB decision to hold rates, the…Read more
Oil Prices Tumble: Oil (WTI) breaks a 100, Brent hovers around 111 …
Four days ago, I recommended that we short oil and commodities post the OBL event. Today is pay day. WTI broke into double digits after trading above 110 while Brent headed lower to the 111 range all the way down from 120. While the list of culprits is long, ECB decision to hold rates, the…Read more
Crude Oil Updates:7 reasons why you need to short oil now…
7 reasons why should oil head lower? Let’s start with the reasons why you shouldn’t listen to me. I have had a known and well declared bearish bias on oil. Sort of like Abey Cohen on equities when everyone else was bullish and vice versa…I am not an active trader or an analyst, I just…Read more
Currencies Update- Greenback Continues Decline Caused by Low Interest Rates
The US Dollar declined in value against the major currencies, as the Fed continued with its policy of maintaining low interest rates and buying US Treasury Bonds. The Euro-USD exchange rate increased by 0.1164 percent to 1.4840. The USD-JPY exchange rate also appreciated by 0.0426 percent to 81.5705, while the AUD-JPY exchange rate was 88.8273….Read more
Finance Courses Redux
Here is the most recent and current list of free and paid for online and video based courses on core finance, computational finance, treasury operations, excel templates, risk and regulatory reporting at the Learning Corporate Finance blog. Enjoy… Free Finance Courses Accounting Crash Course Advanced Derivatives Crash Course – Structured products, credit…Read more
Gold and Silver Price Update-Gold Advances Due to Weakening Dollar & Rising Inflation
Gold prices increased yesterday, and were on track of registering their biggest monthly gain since November 2009. Gold for June delivery increased by 0.18 percent to USD $ 1533.90 an ounce. The increase in price was spurred by a weak dollar and increasing inflation in the US economy. The US Dollar declined to its lowest…Read more
Crude Oil Price Update- Fall in Price Due To Signs of Slow US Economy
Oil prices dropped in New York yesterday due to signs that the US Economy is slowing down and the demand of oil is decreasing. WTI crude future for June delivery fell by 0.30 percent to USD $ 112.52 a barrel. Brent crude future for June delivery fell by 0.31 percent to USD $ 124.63 a…Read more
Currencies Update- USD Declines Against Major Currencies On Account of Fed Maintaining Low Interest Rates
The US Dollar depreciated against all major currencies, after the US Federal Reserve Chairman, Ben Bernanke, announced that the Fed shall continue with its expansionary monetary policy and maintain overnight lending to banks between 0 and 0.25 percent. The Euro-USD exchange rate rose by 0.4389 percent to its value of 1.4853, while the USD-JPY exchange…Read more