Entries Categorized as 'Crude Oil Prices'

Dollar Unfazed By Mixed Economic Data

Date December 23, 2008

The US dollar appears to be unfazed by this morning’s mixed economic data. An improvement in consumer confidence has failed to help the dollar while the weaker news has pretty much been baked into the markets. Christmas and New Years week is a time when traders are more focused on seeing family than making profits. […]

Why Does the Drop in Oil Prices Matter?

Date December 19, 2008

Oil prices are trading at $33 a barrel and in retrospect, it is almost hard to believe that the price of crude was more than $140 a barrel this summer (gasoline prices were greater than $4.00 a gallon). Since those highs, oil prices have plunged more than 70 percent and gas prices are down more […]

Retail Sales and PPI Still Stink

Date December 12, 2008

US retail sales and producer prices were basically in line with expectations but that does not undermine the fact that the data was very weak and confirms that the Federal Reserve will be cutting interest rates by 75bp next week. USD/JPY hit a 13 year low last night after news that the automaker bailout plan […]

The Sun is Shining on Wall Street

Date November 24, 2008

This morning, the sun is shining on New York City and on Wall Street. President-elect Barack Obama was one of the few people that could have restored confidence in the financial markets through the appointment of a Cabinet members that the market trusts and a clearer plan of action for tackling the economic crisis. On […]

Don’t Pin Hopes on China, Recession Trades Still On

Date November 10, 2008

US equities turned as traders realize that everyone is pinning too much hope on China. The reality is that China’s stimulus plan will not save the global financial and economic crisis. Instead, the only thing that is assured is that at one fifth of 2007 GDP, China will have less money to spend on financing […]