A Bigger Build in Natural Gas inventories this past week compared to the last couple of weekly reports. We could go down to $2.50 per MMBtu the next couple of weeks if we get milder weather forecasts for the remainder
July 14, 2016
Amid the ongoing ‘crashing interest rates!’ hysterics, NFTRH 403 noted the following about the 2 year yield… “US 2 year yields are at the trend line. Be careful here in automatically assuming they will break down.” Here is the updated chart… Not
Greetings, 1. We begin with the energy markets, where U.S. gasoline inventories significantly exceeded forecasts. 2. NYMEX crude shed 4% in response to the above report, falling below $45/bbl again. Source: Investing.com Some analysts are suggesting that crude and products inventories will
The mere mention of helicopter money has intoxicated global stock markets, which have soared on the rumor of Japanese helicopter money. But as I explained in Why Helicopter Money Won’t Push Stocks Higher, central banks funding fiscal spending (i.e. helicopter money) will only have a weak
Another resting/trending higher day which is working off the overbought reading we have right now very well. The action has really been remarkable as stocks are finally acting properly so I’m still in my full positions as I’ve noted here
An interesting perspective comparing the gold markets of New York and Shanghai. From Nick Laird at goldchartsrus.com.
USDJPY: Having the pair continued to hold on to its upside pressure, further bullishness is likely. On the downside, support comes in at the 105.00 level where a break if seen will aim at the 104.50 level. A cut through
Asia resumed its charge with a strong open in the Nikkei and never really looked back from there. Throughout the day the Nikkei made steady progress finally closing +1%. Hang Seng was also strong closing over 1% higher on the
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