For a second-straight day, the price of oil slipped in response to a report indicating an increase in stockpiles of U.S. fuel, Bloomberg reports. Recovery from the economic crisis in the U.S., the world's largest consumer of crude oil, is "disappointingly slow," according to the U.S. central bank, which also pushed down the price of… Read more.
Precious metals increased Monday following Fed chief Ben Bernanke telling 60 Minutes that the U.S. economy might be due for additional stimulus funding, Bloomberg reports. Gold futures were trading no more than one percent off the November 9 record price of $1,424.30. Futures for silver, which has increased 77 percent this year, increased 2.4 percent… Read more.
Gold coinage goes back to 640 BC or earlier. The metal has retained its value since, climbing to extreme highs. The market has accepted the price levels of gold without waiting for any significant dips. We have buying support from countries such as China and India. Fund Managers have added Gold to their trading portfolios. … Read more.
The prices of crude oil futures rose today, hitting their highest level in two years. On the Intercontinental Exchange, a volatile trading session saw West Texas Intermediate light, sweet crude oil futures for January 2011 delivery close at $86.75 per barrel, after briefly rising above $87 per barrel. ICE Brent crude oil futures settled at… Read more.
This post is part of Craig Turner’s Innovative Trading Concepts series. I’ve been hearing a lot lately that a weak US Dollar is good for America. The theory is a weak US Dollar will increase US exports. The American currency will be less valuable against foreign currencies, making US goods and services cheaper for foreign… Read more.
Consumers might want to stock up on fuel oil soon – analysts at Wall Street banks believe that oil futures might rise to over $100 per barrel for the first time since the credit crisis hit and wiped out asset classes across the board. The belief is that the flood of new liquidity coming from… Read more.
The U.S. central bank's quantitative easing helped commodity futures rise to their highest level in two years, Bloomberg reports. Demand for raw materials as a hedge against inflation is one offshoot prompted by the Federal Reserve infusing the world's largest economy by announcing yesterday it would purchase $600 billion worth of assets. The Standard &… Read more.
For months, every trade and every movement in commodities futures, stock index futures, bonds, currency futures and emerging markets has been tied by analysts and pundits to the arrival of quantitative easing. At times, it seems more (virtual, electronic) ink has been spilled on the Fed's response to the ongoing economic malaise than on the… Read more.
A U.S. jobs report suggesting growth might permit the country's central bank to wait on kick-starting the economy influenced the price of copper to decline, Bloomberg reported. According to a report from ADP Employmer Services, October saw U.S. companies add 43,000 employees, more than doubling predictions by economists. In turn, copper for December delivery fell… Read more.
Commodity futures brokers and traders anticipated Wednesday that U.S. Federal Reserve chairman Benjamin Bernanke would put pressure on the dollar and boost key commodities by buying hundreds of billions of dollars of bonds. Crude oil futures, which are highly responsive to movements in the greenback, rose sharply ahead of the expected announcement. On the IntercontinentalExchange, West… Read more.