Category Archives: Economic News

Economist: Big Mac Index –

Economist magazine has a Big Mac Index that is worth examining.  The index illustrates how the Yuan is an undervalued currency and is artificially weak.  What would Friday be like without a good chart? To read the Economist Big Mac … Continue reading

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Oil Contango Soars –

The storage costs for oil are soaring and are currently at the highest level in nearly four months.  Inventories are at a near record high and the premium for future delivery is around the same cost as storage.  The rising … Continue reading

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Natural Gas Plummets –

Natural Gas took a dive today with prices falling over 2o cents for the May, June, and July contracts.  Supplies grew higher than analysts expected and the rig counts also increased in number.  Unemployment numbers also increased which indicated to … Continue reading

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Job Report Makes Oil Surge –

A positive job report was released and this sent oil to almost $87 dollars a barrel.  Trading today marked the highest that oil has reached in the last 17 months.  Some analysts view the job report as a sign that … Continue reading

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Rogers Shuns Sterling –

Jim Rogers has stated that he will not be buying the Pound unless it gets really cheap.  The U.K. trade deficit is one of the main reasons that Rogers will be avoiding the currency.  He also said that it is … Continue reading

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Crude Rises –

Crude oil rose in price as supplies increased less than analysts expected this week.  Important economic data is due out tomorrow and that may determine the trend for prices in the weeks ahead.  The consumer price index and the jobs … Continue reading

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Treasuries Fall –

The price of government securites fell as $74 billion in debt is auctioned this week.  The supply of securites coupled with some economic recovery talk helped lower prices. To read a Reuters article, please click here: http://www.reuters.com/article/idUSN0856505320100308 James Sutliff

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Crude Oil Inventory Soars –

According to EIA data, crude oil inventory soared 3 million barrels last week.  This exceeded expectations and may be an indicator of price adjustments in the near term. To read an article by CBS Marketwatch, please click here: http://www.marketwatch.com/story/crude-oil-stockpiles-surge-products-fall-eia-2010-02-24   … Continue reading

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S & P Weekly Wrap-Up —

The Forbes Stock Scorecard has a weekly wrap-up article on the S & P 500.  The article discusses the concern over the American workforce numbers and the effect on the index.  The index is starting off February in negative territory. … Continue reading

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California Credit Rating Cut –

Standard & Poor’s cut the credit rating for the state of California.  The new rating is A- on $64 billion of general obligation bonds.  California has had a fiscal crisis for an extended time which is starting to have an … Continue reading

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Oil Prices Hurting Economy –

Fortune has an article on CNN Money that discusses high oil prices and the negative effect on the economy.  Oil prices at $80 are still too high for the current economic climate. To read the CNN Money article, please click … Continue reading

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Futures Mag –

An article on the coming natural gas weekly inventory report appears in Futures Mag.  It has a good take on the current situation and is worth a quick read.  Futures Mag also covers other topics that are important for traders. … Continue reading

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Benchmark Currency Chart –

The Swiss Franc is closing in on the U.S. Dollar. To view the benchmark currency rates please click the attached link. http://www.bloomberg.com/markets/currencies/fxc.html Jim Sutliff

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Crude Rebounds –

The drop in the strength of the dollar has helped crude oil move up more than it has in a month.  The increase may be short lived with some analysts predicting a slide in prices. To read a recent article, … Continue reading

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Crude Oil May Slide –

According to a Bloomberg article, crude oil may be set for a slide.  The prediction is that it could move back to $60 a barrel which is down from $75 in June.  Any slide could be for a short time … Continue reading

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