Crude Oil Insights

Hang up your trading shoes and run for the hills. The Yen is heading towards 80 Yen to a dollar (if you believe everything you read) as the world switches to safe havens rather than risk. Double dip anyone? The FOMC certainly thinks so! On the same note, the relatively higher safe haven inflows into…Read more

With the Euro nicely recovering from its low of 1.18, the momentum that pushed gold beyond 1,256 dollars an ounce is now gone. Combine this with deflationary pressures in the US and the upcoming elections in November and we should see weakening in Gold from its current level to its pre-Euro zone crisis level of…Read more

It looks as if crude oil prices are ready to head lower, this time all the way down past 65 dollars per barrel of crude oil. From a momentum point of view the recent rally in oil has not been able to break past 80 and the rash of bad news about the US economy…Read more

Crude Oil Macroeconomic forecast model Given the nature of our economy, one key factors effecting the economic outlook of Pakistan is the country’s balance of payments in particular the balance on its current account. In turn the major factor impacting the surplus/ deficit of the current account has been its sensitivity to oil price changes…Read more

US, China, Japan and Australia all had “growth” news and numbers with Australia even mentioning the “I” word. Crude oil NYMEX July futures trading between 74 and 75 per barrel. Goldman cuts its Euro target to 1.15 on anticipated future euro “policy mishaps”. Three economic indicators and two policy rate decisions are due today including:…Read more

American Petroleum Institute inventories drop by larger than expected numbers (4.5 million barrels versus 1.3 barrels of crude oil) while Oil hovers around 72 dollars a barrel in New York. Euro bounces back to 1.1973 on news of intervention and calming comments by Fed Reserve Chair Ben Bernanke on the pace of recovery in the…Read more

So the next likely stop for the falling Euro is 1.15 after the 1.18 barrier is breached according to technical analysts. But the same analysts also feel that 1.18 also represents a great entry point for a bounce back for the European currency. But just in case you are still bearish on the European currency,…Read more

Euro halts it retreat from the sub 1.19 levels to bounce back to 1.1960 in trading in Asia after touching 1.1875 on Monday. NYMEX Crude Oil future contracts for July delivery recover and are stable at 71.5 dollars a barrel range.

Given the beating euro has taken over the last few weeks, analysts have now started talking about exchange parity with the US dollar just as they spoke about euro at 1.2 to a dollar when euro broke the 1.30 barrier. On other fronts the weakness of Australian dollar against its major trading pairs (the US…Read more

The weak US payroll report from Friday, the budget deficit crisis in Hungary over the weekend and the resulting weakness of Euro kept prices under pressure in Asia in morning trade. Oil broke 70 dollars in Asia on Monday morning trading. New York’s main futures contract, light sweet crude, July delivery in July, fell 1.82…Read more