The crude oil producer-group, Organization of the Petroleum Exporting Countries, OPEC, in November 2014, adopted a laissez faire output policy which essentially removed caps on members’ supply quotas. Driven in the main by Saudi Arabia and some Gulf producers, the policy was a
March 4, 2017
USD/CHF: The pair rejected higher prices the past week leaving risk lower. On the downside, support lies at the 1.0000 level. A turn below here will open the door for more weakness towards the 0.9950 level and then the 0.9900
The U.S. newspaper publishing industry has long been grappling with sinking advertising revenues, and the global economic slowdown has only worsened the situation. The downturn in the newspaper publishing industry witnessed over the last few years accelerated, as print readership
Another great week as the bull market is strong, my friends. We’re starting to see some rotation into the riskier biotech stocks which should mean a pickup in volatility, which would be great if it’s on the upside. Enjoy the ride!
Fundamental Forecast forUSOIL:Bullish Talking Points: Another Week, Another Rise In U.S. Oil Rig Counts to 609 Per Baker Hughes Technical Post: Crude Oil Price Forecast: Pushes Into LT Resistance On Low Volatility See the DailyFX Economic Calendar to find what live coverage for
Onto the next rule: “We pay disclosed compensation. We pay undisclosed compensation. We don’t pay both disclosed compensation and undisclosed compensation.” I didn’t originate this rule, and I am not sure who did. I learned it at Provident Mutual from the Senior
The relentless, steady, monotonous levitation to all time highs keeps chugging along: while last week saw the S&P experience its first 1% intraday move in nearly two months, there has yet to be a comparable move on the downside. As
In light of my posts on robots, driverless vehicles, and automation, readers keep asking: where will the jobs come from? I do not know, nor does anyone else. But does that mean jobs won’t come? Is technology destroying jobs for
Believe it or not the big boys of the trading world (market makers, specialists, hedge funds, etc) prefer to accumulate on the down swing, because if they tried it on the up swing, they would be buying against themselves, and
In reaction to U.S. Federal Reserve Chair Janet Yellen’s speech at The Executives’ Club of Chicago, the market pushed the 30-day Fed Future Funds to price in a 79.5% chance of a rate hike in March. These odds are up from 77.5% the
