Category Archive: Finance
Natural Gas Prices Are Negative, Giving Existing Oil And Gas Infrastructure The Advantage
Image Source: PixabayWest Texas has a natural gas problem. But it might not be the kind you’re thinking of. The region is facing an excess in supply. There’s so much natural gas that energy companies are paying to have it taken away.At the Waha gas hub in the Permian Basin, natural gas prices have been in […]
Individual Investors Just Don’t Like Feeding The Ducks
Image Source: PixabayWhat a wild and volatile afternoon it was on Wednesday after the Fed meeting. There was a massive rally followed by a huge decline, as you can see below. It seems that my previous comment about buying weakness and selling strength was a valid one. On Thursday, markets were strongly higher and I heard […]
EUR/JPY Extends Losses To Near 164.50 Amid Japan’s Intervention Fear
EUR/JPY extends its losses for the third consecutive session, trading around 164.60 during the European session on Friday. The Japanese Yen (JPY) strengthened on Friday following a rally on Thursday attributed to potential Japanese government intervention, marking the second such incident this week, according to a Reuters report. It is worth noting that Japanese banks […]
USD/CAD Outlook: BoC Governor’s Remarks Lift Canadian Dollar
The USD/CAD outlook sharply turned toward bearish territory, stirred by the hawkish sentiments of Bank of Canada Governor Tiff Macklem. At the same time, the Canadian dollar, which usually tracks US equities, strengthened amid a rebound on Wall Street. Meanwhile, investors awaited the US nonfarm payrolls report for more clues on Fed policy.On Thursday, BoC […]
April Jobs Report: Counterbalancing March’s Blockbuster Good Report, The First Significant “ding” To The Soft Landing Scenario In Months
In the past few months, my focus has been on whether jobs gains are most consistent with a “soft landing,” i.e., no further deterioration, or whether deceleration is ongoing; and more specifically: Whether there is further deceleration in jobs gains compared with the last 6 month average, vs. a “soft landing” stabilization – and even whether […]
Silver Price Forecast: XAG/USD Plummets To $26 Despite Weak US NFP Data
Silver price (XAG/USD) reverses gains and falls sharply to $26.00 despite the United States Nonfarm Payrolls (NFP) data for April turned out weaker than expected. The US NFP report showed that employers hired 175K job-seekers, weaker than the consensus of 243K and the prior reading of 315K, upwardly revised from 303K. The Unemployment Rate rises to 3.9% while investors forecasted […]
The Energy Report: Play It
I was shocked to hear there was gambling going on at Ricks Café and equally shocked to hear that Biden’s price caps on Russian oil have failed. In 2022 the administration of Joe Biden tried to impose a price cap to cut oil revenues for Russia, a major source of funding for its war against […]
EUR/USD Price Analysis: ECB’s Less Dovish Remarks Boost Euro
The EUR/USD price analysis shows bullish momentum as the euro gains strength on moderately less dovish ECB policy remarks. At the same time, the dollar is set for its worst week in two months, with all eyes on the upcoming US employment report.On Friday, ECB policymaker Yannis Stournaras said there might only be three ECB […]
Weaker US Jobs Numbers Boost Expectations Of A September Rate Cut
Job creation was weaker, unemployment higher and wage growth more subdued than expected in the April employment report. With Fed Chair Powell leaning dovish at Wednesday’s press conference this has breathed new life into Federal Reserve interest rate cut calls. 175,000 The number of jobs added in the US economy in April Lower than expected […]
Starbucks Earnings Warn Of Belt Tightening
Starbucks latest earnings report sends the message that consumers may finally be retrenching after a few years of spending above their means. Cheap luxury items are low in price by definition and include items that we do not necessarily need but are nice to have. When consumers have confidence in the economy and their jobs, […]
