Category Archives: Banking

Banking

IMF Plan Opposed –

Posted on 14. October 2011 by Jim Sutliff

The United States opposed a plan to almost double the size of the International Monetary Fund.  Currently, the fund has $380 billion in resources.  Shareholders opposed to the plan included Japan, China, Germany, Canada, and Australia. To read a related Reuters article, … Continue reading →

Posted in Banking, Bonds, Currency, Economic News, Euro, General, Interest Rates, Investments, Regulatory, Trading, Treasury, Uncategorized | Leave a comment

Euro Advances –

Posted on 10. October 2011 by Jim Sutliff

The Euro advanced today after a pledge by German Chancellor Angela Merkel and French President Sarkozy to create a plan to recapitalize the banks and address the Greek debt load.  Traders sent the Euro 2% higher against the Dollar in afternoon trading.  The increase … Continue reading →

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Treasuries Fall On Jobs Data –

Posted on 7. October 2011 by Jim Sutliff

Treasury yields rose for the fourth straight day after a government jobs report indicated that the economy added more jobs in September.  Ten year notes increased to 2.06% near the end of the trading day.  Yields had fallen to their lowest … Continue reading →

Posted in Banking, Bonds, Currency, Earnings, Economic News, Euro, Federal Reserve, General, Interest Rates, Investments, Trading, Treasury | Leave a comment

Crude Oil Inventory Drops –

Posted on 5. October 2011 by Jim Sutliff

The Department of Energy weekly report indicated that crude oil inventories fell 4.7 million barrels.  Inventories of gasoline fell 1.1 million barrels and distillates dropped 700,000 barrels.  Analysts had expected an increase of 700,000 barrels for crude and 1 million barrels … Continue reading →

Posted in Banking, Economic News, Gasoline, General, Investments, Oil, Options & Futures, Trading | Leave a comment

Greece Missing Deficit Target –

Posted on 3. October 2011 by Jim Sutliff

A draft budget sent to the parliament indicates that Greece will miss deficit targets set in the bailout program.  The budget news sent stocks lower and raised concerns for euro zone debt.  The Euro may come under pressure in the next … Continue reading →

Posted in Banking, Bonds, Currency, Economic News, Euro, General, Investments, Stocks, Trading, Uncategorized | Leave a comment

Stocks Finish Quarter Down –

Posted on 30. September 2011 by Jim Sutliff

Stocks fell on the last day of trading for the quarter and the Dow closed 240 points down.  The Standard & Poor’s 500 index posted the largest quarterly drop since December 2008.  Conerns relating to the global economy continue to weigh on stock … Continue reading →

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Crude Oil Inventories Rise –

Posted on 28. September 2011 by Jim Sutliff

Crude oil inventories rose 1.9 million barrels last week and gasoline demand fell 2.4%.  Analysts had expected crude oil inventories to remain unchanged from the previous week.  The drop in demand and rising economic concerns forced crude oil prices lower in afternoon trading.  Crude oil dropped over $3 … Continue reading →

Posted in Banking, Economic News, Gasoline, General, Investments, Oil, Options & Futures, Trading | Leave a comment

Gold Prices Tumble –

Posted on 25. September 2011 by Jim Sutliff

Gold prices tumbled at the end of the week falling almost 10% in the last three trading sessions.  Gold fell $101.90 on Friday and settled at $1,639.80 an ounce.  Global economic conditions have led traders to consider the possibility of deflationary conditions.  Generally, gold … Continue reading →

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GSCI Index Falls –

Posted on 23. September 2011 by Jim Sutliff

Commodities continued to drop and the Standard & Poor’s GSCI Index hit a 9 month low.  In afternoon trading, the GSCI Index fell to 594.12 which is the lowest level since early December 2009.  Metals were hit hard with silver, gold, copper, and … Continue reading →

Posted in Banking, Economic News, Federal Reserve, Gasoline, General, Investments, Metals, Natural Gas, Oil, Options & Futures, Stocks, Trading, Treasury | Leave a comment

Federal Reserve Set To Purchase Debt –

Posted on 21. September 2011 by Jim Sutliff

The Federal Reserve announced that it would sell $400 billion of short term debt and purchase longer term bonds with the funds.  In addition, the Federal Reserve stated that there were significant downside risks to the economic outlook.  The warning … Continue reading →

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Euro Tumbles –

Posted on 9. September 2011 by Jim Sutliff

The Euro is falling fast and dropped to $1.37 in early trading on Friday.  The European debt crisis continues to weigh on the Euro and this is the lowest mark against the Dollar since February.   Also, a recent resignation by an … Continue reading →

Posted in Banking, Bonds, Currency, Economic News, Euro, General, Investments, Options & Futures, Trading | Leave a comment

European Stocks Fall –

Posted on 5. September 2011 by Jim Sutliff

European stocks fell 3 percent in Monday trading and the Euro dropped against the Dollar.  The risks associated with Euro-Zone investments increased with weak economic data and outcomes from recent elections in Germany.  The Euro fell to $1.4111 against the US Dollar.  To … Continue reading →

Posted in Banking, Currency, Earnings, Economic News, Euro, General, Investments, Political News, Stocks, Trading | Leave a comment

Republicans Target Capital Gains Tax –

Posted on 1. September 2011 by Jim Sutliff

A few Republican Presidential candidates are supporting the elimination of long term capital gains.  The reduction in the capital gains rate could spark investments and increase job growth.  Currently, there are five Republican Presidential candidates that support the capital gains … Continue reading →

Posted in Banking, Democrat, Economic News, General, Investments, Political News, Republican, Stocks, Tax | Leave a comment

Gold Hits $1,900 –

Posted on 22. August 2011 by Jim Sutliff

Gold reached the $1,900 an ounce mark in trading Monday afternoon.  The price of Gold was only $1,800 an ounce two weeks ago.  Gold may continue to rise as global recessionary concerns rise.  The increase in gold prices over the last ten years … Continue reading →

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Commodities Rebound –

Posted on 20. August 2011 by Jim Sutliff

Stocks continued to decline at the end of the week but commodities started to rebound.  Growth projections for developing countries increased demand for raw materials.  Commodities advancing at the end of the trading week were silver, cooper, gold, and gasoline.  Gold finished … Continue reading →

Posted in Banking, Economic News, Gasoline, General, Investments, Metals, Natural Gas, Oil, Options & Futures, Stocks, Trading | Leave a comment