Currently viewing the tag: "Energies"

The follow-through from Wednesday’s dovish FED statement just proves you can’t confuse brains with a bull market in which everybody’s money is in stocks. But when will the party end? I know one thing for sure we are not far away from closing time. In the overnight electronic session the March Corn is currently trading [...]

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Financials: Mar. Bonds are currently unchanged at 143’24, 10 Yr. Notes 3.5 higher at 126’19 and the 5 Yr. Note 3 higher at 118’27.5. All I can do is plant an idea on these markets. I feel that the yield curve is about to steepen and am going to be focusing on the long 10 [...]

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Oil fails to hold a rally as Russian president Vladimir Putin says get ready for $40 a barrel oil and oil traders did. Putin in his marathon press conference yesterday that left many wondering what is less stable, Putin or the Russian economy?  The President stayed defiant against the West as the Russian economy continues [...]

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By Moming Zhou | BloombergBusinessweek Crude oil resumed its slide toward the lowest level in five years on concern a supply glut will worsen. Trading volatility for both Brent and West Texas Intermediate increased to a four-year high. Saudi Arabia, the largest producer in OPEC, will stick to its policy to maintain output, Oil Minister [...]

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By Oheneba Ama Nti Osei | The Africa Report The Africa Report reviews trends in the commodity sector to see which prices will rise and fall in the year ahead, as forecasts point to a global oil surplus. The price of oil in 2015 depends on how high the US can ramp up its shale [...]

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Financials: Mar. Bonds are currently 27 lower at 143’28, the 10 Yr. Note 16.5 lower at 126’17 and the 5Yr. 8.2 lower at 118’22.7. Yesterday the FOMC indicated the there will be no changes until after April 2015. The initial reaction was a rally, in the June 2016 Eurodollar to 98.79 missing our target of [...]

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This morning’s reports are Export Sales and Initial Jobless Claims at 7:30 A.M. and EIA Gas Storage at 9:30 A.M. The Fed stated patience is a virtue and hinted there would be no Interest Rate rise likely until sometime in the 2nd quarter of 2015 which sent the Stock Market soaring and you could even [...]

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Oil on Balance. The Energy Report 12/18/14

On December 18, 2014 - 8:22 AM By

Fed Chairperson Janet Yellen tried to say that on balance that the drop in oil prices was a good thing. She said it was a net positive for the U.S. economy even if they weigh on inflation. “It’s good for families, for households. It’s putting more money in their pockets.”  Yet with all of the global [...]

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By Moming Zhou | BloombergBusinessweek Crude futures rebounded with stocks after a market selloff prompted by concerns over rising supply and weak demand growth took a pause. Brent, the benchmark for half the world’s oil, advanced from a five-year low. West Texas Intermediate shrugged off an increase in supplies at Cushing, the delivery point for [...]

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Financials: Mar. Bonds are currently 11 lower at 145’13, 10 Yr. Notes 4.5 lower at 127’16.5 and 5 Yr. Notes 3.5 lower at 119’10. Quite a bit has happened since my last “Report” on Dec. 11th. Both the value of the Russian Ruble and the cost of Oil have dropped sharply pushing the Bonds higher [...]

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This morning at 7:30 A.M. two reports will be released the Consumer Price Index (CPI) and real Earnings and at 9:30 A.M. we have Energy Information Administration (EIA) and at 3:00 P.M. we have Dairy Product Sales. All in All the market is trying to gage what the FED will announce today if anything at [...]

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Not My Problem. The Energy Report 12/17/14

On December 17, 2014 - 8:22 AM By

Russia intervenes in the ruble to try to slow a currency meltdown, plunging oil prices cause stress in the credit markets, and deflation forces in the European Union and Asia threaten their financial stability. Of course as far as the Federal Reserve Board is concerned, well it’s not their problem. The Federal Open Market Committee is [...]

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