Author Archive: Jeremy Parkinson
How America Could Save $65 Billion In Mobile Phone Bills
It is a fact of nature that all countries have the same electromagnetic spectrum of radio frequencies. It is a fact of politics that countries have different rules for allocating these frequencies. And it is a fact of economics that people in different countries pay very different rates for their use of spectrum. Mara Faccio […]
Crude Oil Prices Ignore Inventory Data As US Exports Hit Record
A larger-than-expected drop in US inventories failed to make an impression on crude oil prices, as expected. Stockpiles shed 6.43 million barrels, a draw well in excess of the 3 million barrel outflow predicted by analysts. The outcome was well-telegraphed by previously released API data however, robbing the official EIA release of its market-moving potential. Rather, the markets […]
WalMart Shuns Drones, Unveils “Associate Delivery On Way Home From Work” Program
While Amazon is testing drone delivery, ocean freight, (and teleportation devices, ok we made that up), WalMart has decided to take a different approach to fulfilling its online orders… employees will deliver packages on their way home from work! As AP reports, in its latest effort to compete with online giant Amazon, Walmart is testing a delivery service […]
Weekly Commodities Wrap: China Downgrade Weighs On Metals
Copper: China Downgrade Weighs On Red Metal, But Losses Recovered Mid-Week The red metal came under pressure initially this week, tracking movement in the broader commodities markets as traders reacted to Moody’s downgrading of China’s credit rating from A1 to Aa3. The downgrade, which marks the first lowering of China’s credit rating since 1989, […]
Gold Retreats As U.S. Data Lifts Greenback
Gold prices fell $3.41 an ounce on Thursday as better-than-expected U.S. economic data, which supported the case for a Federal Reserve interest rate hike this month, led to a bounce in the dollar. The market was not able to break through the resistance in the $1271.50-$1269 area, and ultimately extended its losses after prices pierced […]
Has Permian Productivity Peaked?
The U.S. shale industry might have just received a huge windfall with the nine-month extension of the OPEC cuts. Shale output was already expected to come roaring back this year, but the extension of the cuts provides even more room in the market for shale drillers to step into. The sky is the limit, it […]
UK Construction PMI Beats With 56 – GBP Focused On The Elections
Markit’s purchasing managers’ index for the construction sector was expected to show a small slide to 52.7 in May after 53.1 back in April. This is the second PMI after yesterday’s manufacturing one that came out at 56.7, within expectations. GBP/USD was trading around 1.2860 ahead of the publication. Resistance awaits at 1.29, followed by 1.2980 and […]
Indian Indices Trade On A Positive Note; Telecom Stocks Witness Buying
Stock markets in India have continued their momentum and are presently trading on a positive note. Sectoral indices are trading in the green with stocks in the telecom sector and healthcare sector witnessing maximum buying interest. The BSE Sensex is trading up 119 points (up 0.4%) and the NSE Nifty is trading up 32 points (up 0.3%). The BSE Mid Cap index is trading up by […]
