Here is the data that I spoke about earlier for USD-JPY, AUD-JPY currency pair and crude oil volatility and correlations over the last six years. You can clearly see that oil and the JPY-AUD pair volatility spiked together in 2008, 2009 as well as in the last few months. Similarly training correlations has been switching…Read more
Crude Price Outlook
Crude Oil outlook: NYMEX crude Oil to break 74 today? The rise of Yen, the dollar slide and US data release on Tuesday
The rumors of Yen’s demise as a safe haven are greatly exaggerated. Events of the last four weeks have again confirmed Yen’s status as a safe haven in times of risk. What does that have to say about NYMEX crude oil futures. Yen’s trade surplus with other currencies frees Japan from the need of overseas…Read more
Crude Oil Outlook – Crude Oil price outlook increasingly bearish for second half 2010
This weekend ran into a bit of time and did a review of educated posts on the status of the US economy, China, Europe, crude oil production, foreign currencies and the combined impact of all of the above on crude oil price outlook in the next two quarters. Do you want a quick summary? One…Read more
Trading with Options – Lessons learnt from a failed trade
Nothing worthwhile in life is worth doing part time. If you want to be a trader you need to be a full time trader. Being a part-timer will just get you hammered in so many more ways than you can even imagine. Don’t leave Good Till Cancelled (GTC) orders and go to sleep for two…Read more
Summer Internships – Reading and preparatory material
So if you have nothing else to do over the long and lonely weekend other than mourn your losses in your USO June 19 call options, here is a short list of online courses that you can put the day break into good use for your summer internships prep. Asad, please feel free to pass…Read more
Crude Oil outlook – Fitch downgrades Spain, Euro slides, Oil to follow…
Fitch downgraded Spain by a notch and the Euro goes on a weekend slide to 1.2297 to a US dollar. With the flat consumer spending numbers released earlier Friday, it looks as if it really is going to be a long weekend. Crude Oil to follow next?
Crude oil price outlook – Oil futures stable over US$ 75 a barrel.
It appears that we will have another gap open when it comes to Oil on Friday morning when trading opens in New York. Oil futures at NYMEX are trading above US$ 75.38 a barrel for July deliveries. While the 4 day week starting Tuesday as well as the month end may weigh on trading and…Read more
Crude oil trading, forecasts – Crude Oil Data, Hurricane season and holidays
As trading desks in New York and Europe open, they will face an interesting choice – head out early and avoid the traffic queued up for the long weekend or stay back and catch some action? Some markets in Asia (Singapore, Thailand) were closed for the day Friday; the US is closed on Monday, 31st…Read more
Crude oil price outlook – Crude oil futures close at 74.90 on NYMEX
Crude oil future contracts for July deliveries closed Thursday at 74.90 at NYMEX capping a second day of gains after a 3% gain yesterday.
Trading crude oil – USO trading pre-open at 33.65
The USO (crude oil ETF) is likely to open up by a dollar between 33.65 and 34 on the strength of crude oil in Asia and Europe. Actual action in crude oil prices will be determined by the initial and continuing jobs claims data as well as the GDP deflator estimate out today at 8:30…Read more