Oil prices fell for a third consecutive day on reports about rising crude stockpiles and a slowdown in economic growth. This was the longest losing streak for oil since the Japan earthquake in March. WTI crude futures fell by 0.31 percent to USD $ 110.70 per barrel. Brent crude futures fell by 0.28 percent to…Read more
Crude Price Outlook
Crude Oil Price Update-Bin Laden’s Death and Cooling of US Manufacturing Sector Lead to Price Fall
Oil dropped yesterday, on account of news about Osama bin Laden’s death and data showing that manufacturing had cooled in the US in April. At the market closure, WTI crude future was at USD $ 112.89 a barrel, registering a decline of 0.55 percent. Brent crude future declined by 0.44 percent to be at USD…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
Exchange Rate Update-USD Advances Against Major Currencies After Bin Laden’s Death
The US Dollar gained advances against all the major currencies of the world, after Barrack Obama declared in a press conference that the leader of the AL-Qaeda, Osama bin Laden, has been killed in Pakistan. The USD-JPY exchange rate rose by 0.4064 percent to its value of 81.5220. The Euro-USD exchange rate dropped by 0.2006…Read more
Gold and Silver Price Update- Prices Fall as Demand for Precious Metals Declines
Gold and silver both fell, as news about the mastermind of the 911 terror attacks, Osama bin Laden being killed in Pakistan spread in the market. Gold future fell by 0.39 percent to USD $ 1550.30 an ounce. The news about Bin laden’s death brought about an increase in the stock indexes in all the…Read more
Crude Oil Price Update-Oil Falls On News of Bin Laden’s Death
Oil prices fell today, after the US President, Barrack Obama, announced that the leader of the Al-Qaeda, Osama Bin Laden, has been killed while hiding in a safe house outside Islamabad in Pakistan. WTI crude future dropped by 0.91 percent to be at USD $ 112.89 a barrel, while Brent crude future dropped by 0.70…Read more
Gold and Silver Price Update- Precious Metals Continue Their Increasing Streak
Gold advanced to USD $ 1556.40 an ounce, as the Fed’s continuing policy of maintaining record low levels of interest rates depreciated the Greenback even more. With the Dollar Index falling for a ninth consecutive day, more investors are rushing towards investing in the precious metal, since the depreciation of the dollar is reducing the…Read more
Crude Oil Price Update- Oil Advances on Account of Strong Consumer Spending in US
Oil prices made further advancements on Friday after consumer spending results showed that the demand for crude oil may rise more. WTI crude future rose by 0.95 percent to USD $ 113.93 a barrel, while Brent future rose by 0.70 percent to USD $ 125.89 a barrel. Data released by the Commerce Department showed that…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