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19. May 2012 by Jim Sutliff.
Natural gas inventory exceeded analyst expectations and increased 61 billion cubic feet last week. The Energy Department indicated that natural gas inventory levels are at 2.667 trillion cubic feet. Inventory levels remain higher than the same time last year.
To read a related Businessweek article, please click here:
http://www.businessweek.com/ap/2012-05/D9UQLV900.htm
Jim Sutliff
Posted in Options & Futures, Trading, Oil, Natural Gas, General, Investments, Economic News | No Comments »
17. May 2012 by Jim Sutliff.
The yield on 10 year Treasury Inflation Protected Securities (TIPS) fell into negative territory for only the third time in history. A recent U.S. government sale of $13 billion in 10 year TIPS sold at a negative yield of 0.391%. The safety of US Treasuries and the possibility of another round of quantitative easing drew investors. Yields rose for ten year bonds from Spain and Italy. Ten year yields for Spain touched 6.288% in trading and Italian yields rose to slightly over 5.8%.
To read a related Wall Street Journal, please click here:
http://online.wsj.com/article/BT-CO-20120517-711941.html
James Sutliff
Posted in Interest Rates, Trading, Federal Reserve, Treasury, Options & Futures, Investments, Bonds, Economic News, General, Banking | No Comments »
15. May 2012 by Jim Sutliff.
The Euro traded at $1.2752 which is the lowest mark since January 18th. The Euro has fallen in five of the last six trading sessions. Ten year yields on Italian and Spanish debt rose to 6% in trading. GDP in France remained flat and the Italian economy contracted .08%.
To read a related Fox Business article, please click here:
http://www.foxbusiness.com/markets/2012/05/15/euro-slides-to-four-month-low/
Jim Sutliff
Posted in Options & Futures, Trading, Euro, Investments, General, Currency, Economic News, Banking | No Comments »
9. May 2012 by Jim Sutliff.
Gasoline inventories declined 2.6 million barrels and distillate inventories fell 3.3 million barrels. The Energy Information Administration also indicated that crude oil increased 3.7 million barrels which was greater than the 2 million barrel increase expected by analysts. Inventories of crude oil at Cushing Oklahoma rose to 44.1 million barrels.
To read a related Nasdaq article, please click here:
http://www.nasdaq.com/article/oil-futures-crude-pares-losses-following-inventory-data-20120509-01176
James Sutliff
Posted in Oil, Options & Futures, Trading, Investments, General, Economic News, Gasoline, Banking | No Comments »
7. May 2012 by Jim Sutliff.
Elections in France and Greece may impact the Euro in the near term. France elected Francois Hollande of the Socialist party by a slim margin over President Nicholas Sarkozy. Hollande is not expected to support austerity measures. Hollande is the first Socialist President elected in France in 17 years. Francois Mitterand was the last Socialist President and he served from 1981-1995.
To read a related Wall Street Journal article, please click here:
http://online.wsj.com/article/BT-CO-20120507-705469.html
Jim Sutliff
Posted in Political News, Interest Rates, Euro, Investments, General, Bonds, Currency, Economic News, Banking | No Comments »
4. May 2012 by Jim Sutliff.
Natural gas prices fell 2.6% in Friday trading to cap off a week of price volatility. Natural Gas prices during the week showed gains of as much as 4.5% and declines as steep as 5%. June natural gas settled at $2.279 per million British Thermal Units. Last week, there were 606 natural gas drilling wells which was a drop of 7 from the previous week. The number of oil rigs increased to 1,355 from 1,328. According to the Energy Information Administration, natural gas output fell to 72.32 billion cubic feet per day. Inventories are at 2.576 trillion cubic feet which is almost 50% more than last year at this time.
To read a related Wall Street Journal article, please click here:
http://online.wsj.com/article/BT-CO-20120504-714022.html
James Sutliff
Posted in Options & Futures, Trading, Oil, Natural Gas, General, Investments, Economic News | No Comments »
1. May 2012 by Jim Sutliff.
According to the Institute of Supply Management, U.S. manufacturing for April increased the most in ten months. The data sent crude oil prices higher in trading on Tuesday. Crude oil prices rose above the 50 day moving average of $105.21 a barrel. Technical trading gave prices a slight increase and crude settled at $106.20 a barrel.
To read a related Fox Business article, please click here:
http://www.foxbusiness.com/industries/2012/05/01/ism-data-lift-oil-prices/
Jim Sutliff
Posted in Options & Futures, Trading, Earnings, Oil, Investments, Economic News, General, Banking | No Comments »
26. April 2012 by Jim Sutliff.
Standard & Poor’s lowered the credit rating of Spain to BBB+ from A. The two notch downgrade is partially due to the risks associated with the government debt. In addition, Standard & Poor’s discusses concerns relating to budget projections and the banking sector. The ratings downgrade also mentions scenarios that could lower the ratings or improve the outlook.
To visit the Standard & Poor’s site, please click here:
http://www.standardandpoors.com/ratings/articles/en/us/?articleType=HTML&assetID=1245332673209
Jim Sutliff
Posted in Investments, Trading, General, Economic News, Bonds, Banking | No Comments »
3. April 2012 by Jim Sutliff.
Federal Open Market Committee minutes indicated that a third round of quantitative easing may not happen in the near term. The Fed minutes sent Treasury prices lower and yields higher. Yields on the 10 year Treasury went to 2.28%.
To read a related Wall Street Journal article, please click here:
Jim Sutliff
Posted in Trading, Federal Reserve, Treasury, Interest Rates, Investments, Economic News, General, Bonds | No Comments »
29. March 2012 by Jim Sutliff.
According to the U.S. Energy Information Administration, crude oil inventories rose 7.1 million barrels. The inventory increase worked to drive crude oil prices lower in trading. The increase exceeded analyst expectations of a much lower 2.2 million barrel rise in inventory levels. Gasoline inventories went in the opposite direction and fell 3.5 million barrels. Analysts had expected a decrease of only 1.5 million barrels.
To read a related Wall Street Journal article, please click here:
http://online.wsj.com/article/BT-CO-20120328-711709.html
Jim Sutliff
Posted in Oil, Options & Futures, Trading, Investments, General, Economic News, Gasoline, Banking | No Comments »
27. March 2012 by Jim Sutliff.
The yield on 10 year Treasures fell 7 basis points in afternoon trading on Tuesday. The demand for Treasuries increased after there were declines in homes prices and consumer confidence. There was also higher demand for the sale of $35 billion of 2 year securities.
To read a related Bloomberg article, please click here:
James Sutliff
Posted in Treasury, Trading, Investments, General, Economic News | No Comments »
23. March 2012 by Jim Sutliff.
Crude oil spent most of the day in a trading range of $105 to $108 a barrel. The rise in crude oil prices and trading volatility came after oil exports from Iran were estimated to have dropped 300,000 barrels a day. The weaker U.S. Dollar also sent prices higher in Friday trading.
To read a related Fox Business article, please click here:
http://www.foxbusiness.com/markets/2012/03/23/oil-prices-rise-sharply-on-drop-in-iranian-exports/
James Sutliff
Posted in Options & Futures, Trading, Oil, Investments, Gasoline, General, Economic News | No Comments »
13. March 2012 by Jim Sutliff.
Gold continued to slide and fell to the lowest level since January 25th. Traders weighed Federal Reserve statements on the economy and gold fell almost 2 percent. Gold traded near $1,670 an ounce and continued to decline in electronic trading.
To read a related Bloomberg article, please click here:
James Sutliff
Posted in Trading, Federal Reserve, Treasury, Interest Rates, Options & Futures, General, Investments, Metals, Economic News | No Comments »
11. March 2012 by Jim Sutliff.
Crude oil settled over $107 a barrel which is the highest level since March 1st. Crude oil prices were supported by positive jobs data that may be a sign of economic growth. However, warmer weather may weigh on crude prices in the coming weeks.
To read a related Wall Street Journal article, please click here:
http://online.wsj.com/article/SB10001424052970204603004577271291163661170.html?
Jim Sutliff
Posted in Options & Futures, Trading, Oil, Investments, General, Economic News | No Comments »
7. March 2012 by Jim Sutliff.
The Euro fell to almost $1.31 after indications that the economy for the Euro region contracted. The Australian and Canadien dollars both declined against the U.S. Dollar. In addition, the Norwegian Krone dropped 1.6 percent to 5.706.
To read a related Bloomberg article, please click here:
James Sutliff
Posted in Trading, Euro, Investments, General, Economic News, Currency | No Comments »