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Crude oil for December delivery was trading at $82.34/barrel, down by 18 cents, at 1139 GMT while gold for December delivery was trading at $1,331.60 per troy ounce, down $7.30, at 1144 GMT. We believe that we will be seeing a bit of recovery from the USD today as we believe that the market has…Read more

The failure of the G20 meeting to reach any agreement over the trade imbalances and in turn the exchange rates has helped the USD to stay weak on Monday but as we mentioned in our yesterday’s post we believed the USD is already very weak and we do not expect to see it going down…Read more

USD was seen to be weak again on Monday morning mainly because of the fact that the G20 meeting failed to reach any agreement over the recent currency tension. At 0344 GMT, it was trading at $1.4026/Euro. As a result of this weakening of the USD the crude oil and gold prices have started moving…Read more

Dollar spikes and commodities tumble as China raises interest rates China increased its interest rates for the first time since 2007, aimed at curbing the rising inflation rate. The effect of this has been a sudden change in the market. The move helped in supporting the weak USD. At 0402 GMT, USD was trading at…Read more

The Chinese central bank (PBOC) raised interest rates for the first time in three years in a surprise moved that rocked commodity and currency markets. The US dollar retained its status as a safe haven currency as traders unwound trades and headed for cash and treasury securities. Commodity prices fell across the board with Crude…Read more

Oil and Gold move up as USD weakens again Monday’s trading brought about some surprises. We had seen on Friday that the USD was showing signs of recovery and the crude oil and gold prices were going down. On Monday, WTI crude oil futures closed at $83.08/barrel which is an increase of $1.83 from its…Read more

This course focuses on an alternative method of implementing a two-dimensional binomial tree compared to the traditional method of building a binomial tree in excel presented in most option pricing text books. The alternate approach is based on the techniques documented by Professor Mark Broadie at Columbia Business School as part of his coursework in…Read more

Wall Street Journal reports that the revised US GDP figure for second quarter came in a 1.6% compared to the original 2.4%. Given the recent downward trend in oil prices, the weekend and the upcoming crude oil ETF rollovers, oil should bring the 70 dollar per barrel barrier on NYMEX before the 7th of September….Read more

The release of existing home sales data put further pressure on oil prices on Tuesday as NYMEX touched 71.32 per barrel of crude oil on Tuesday evening. Prices bounced back to 71.5 in early morning trading in Sydney on Wednesday morning. As per the numbers crunched by Calculated Risk the existing home month of supply…Read more

The release of existing home sales data put further pressure on oil prices on Tuesday as NYMEX touched 71.32 per barrel of crude oil on Tuesday evening. Prices bounced back to 71.5 in early morning trading in Sydney on Wednesday morning. As per the numbers crunched by Calculated Risk the existing home month of supply…Read more