March 24, 2011 – 11:41 am
Stocks are seeing modest strength in mid-morning trading on Thursday as traders digest a mixed batch of U.S. economic news. The markets showed a notable move to the upside at the open but buying interest has waned since then amid lingering geopolitical concerns. After failing to sustain their initial upward move, the major averages have [...]
We’re anticipating a near term drop in oil prices, and we’re positioning ourselves to take advantage of it. There are several reasons for anticipating a fall in the price of crude. First of all, there is a widening spread between the front month and later month contracts. This contango effect can lead to a lot [...]
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Oil prices rose above $77 per barrel on Monday as investors weighed a sharp drop in U.S. consumer sentiment against early signs of improving oil demand. Analysts said oil prices were moving in a range around $75 per barrel with ample support due to large draw-downs in U.S. crude oil inventories over the past three [...]
Crude prices fell below $72 on Wednesday on a slightly stronger U.S. dollar, reversing earlier gains of as much as 0.6 percent boosted by forecasts of a second weekly fall in U.S. inventories. Prices tracked volatile equities in the past two days, paring gains on Tuesday after a report from the Institute for Supply Management [...]
U.S. stocks lower for the week Bank stocks surged Friday, boosted by relief over a deal on new financial-regulation overhaul, but the gains failed to wipe out more than a fraction of the broader market’s heavy losses for the week. A flurry of conflicting economic data left the benchmark indexes mixed. U.S. dollar falls for [...]
Euro Going Down! The euro plunged to its lowest level against the dollar in more than four years in Asia Monday, as investors continued to dump the common currency on the view that Europe’s debt problems and economic fragility could drag the currency lower. More falls are likely for the euro this week as investors [...]
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