Articles by Roger Baettig

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZDDaily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    May 24 2013 1:40 PM

    • US releases better than expected goods orders data • Euro strengthens with upbeat German data release • BoJ pumps 2 trillion yen in bonds leading the JPY to climb

  • To Buy, Keep, or SellTo Buy, Keep, or Sell

    May 24 2013 9:00 AM

    Deciding when, how, and where to invest isn’t easy. If it were, more people would do it and everyone would be rich. Investing is tricky and there’s an amount of risk that goes into investing whether it’s stocks, gold, or a budding company.

  • Brent Lower on Ample Supply and Waning DemandBrent Lower on Ample Supply and Waning Demand

    May 24 2013 8:40 AM

    Further indications of a slow global economic recovery coupled with ample supply set crude futures up for their largest weekly drop since mid April on Friday. Brent prices slipped toward $102 and traded at $102.45 at 9:17 GMT on Friday morning.

  • Eurozone Crisis Hinges on Structural Reforms, Says Draghi and WeidmannEurozone Crisis Hinges on Structural Reforms, Says Draghi and Weidmann

    May 24 2013 8:33 AM

    The euro improved modestly on Friday morning following better than expected data that showed the eurozone's service sector and factory output improved in May. However, gains were narrow as both figures, although improved from last month's readings, still indicated a contraction. Bloomberg reported that a composite index drawn from a survey of purchasing managers rose to 47.7 in May compared to 46.9 in April. Most economists were expecting 47.2, so the data came as a pleasant surprise for the region.

  • Gold Up This Morning, But For How Long?Gold Up This Morning, But For How Long?

    May 23 2013 12:19 PM

    Gold is up yet again today. The precious metal is being traded at $1,390.85 this morning. As before, investors are still cautious as they don’t know how long this will last. Since the price of gold plummeted April 15th igniting spot losses across the country and then slowly gaining steam only to fall again. As a result, investors have been wary about the precious metal, some even second guessing investments.

  • Energy - Balancing the Bonanza: Interview with Mark ThomaEnergy - Balancing the Bonanza: Interview with Mark Thoma

    May 23 2013 11:53 AM

    If you want an objective view of energy, ask an economist, who can tell you what to expect to pay at the pump in the coming years, and why, as well as what to expect from medium- and long-term economic growth and what the real drivers will be. These are questions that are crucial to a pending decision by the US government over natural gas exports, and while we know where big oil stands versus its manufacturing rivals—it's the economist who can set things straight. Mark Thoma is a macroeconomist and time-series econometrician at the University of Oregon. His research focuses on how monetary policy affects the economy, and he has also worked on political business cycle models. Mark is currently a fellow at The Century Foundation, a columnist at The Fiscal Times, an analyst at CBS MoneyWatch, and he blogs daily at Economist's View.

  • Silver looks set to re-visit previous support at $18.00Silver looks set to re-visit previous support at $18.00

    May 23 2013 8:27 AM

    As far as we can ascertain the demand for physical silver is alive and well with reports of people queuing to buy it while a number of suppliers, including the mints have been selling all that they could produce of the popular coins and bars. And yet the price of silver falls in the paper market which highlights the disparity between the physical and paper markets.

  • Hewlett-Packard Soars After Q3 Results; Lifts Full-Year OutlookHewlett-Packard Soars After Q3 Results; Lifts Full-Year Outlook

    May 23 2013 8:22 AM

    Struggling diversified technology company Hewlett-Packard (NYSE: HPQ [FREE Stock Trend Analysis]) released its fiscal second-quarter earnings results after the closing bell on Wednesday. Over the last five years, the company's share price has been more than halved as a secular decline in the PC business and a failure to innovate have weighed on sales and income.

  • Brent Slips Toward $100 on Strong Dollar and Weak Chinese PMIBrent Slips Toward $100 on Strong Dollar and Weak Chinese PMI

    May 23 2013 8:05 AM

    Brent crude oil dropped below $102 on Thursday morning after the dollar hit new three year highs on Wednesday following the release of the Federal Reserve's meeting minutes and Chairman Ben Bernanke's testimony to congress. The commodity traded at $101.61 at 7:39 GMT on Thursday morning after Chinese data continued to drag prices down.

  • Eurozone Leaders Try to Tackle Tax EvasionEurozone Leaders Try to Tackle Tax Evasion

    May 23 2013 7:57 AM

    The euro slipped to $1.2838 on Thursday morning following Federal Reserve Chairman Ben Bernanke's testimony to Congress and the release of the bank's latest policy meeting minutes. Bernanke told Congress that the Fed would consider easing back on its bond buying stimulus if the country's economic improvement continued. His comments boosted the dollar and sent the euro downward as a result.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZDDaily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    May 22 2013 1:27 PM

    • USD strengthens following Fed chairman Bernanke’s statement • Sterling drops to 7-week low with a sharp drop in retail numbers • JPY weakens to a 4 ½-year low and the BoJ concludes its 2-day policy meeting

  • Staples Tanks on Difficult First Quarter, Maintains GuidanceStaples Tanks on Difficult First Quarter, Maintains Guidance

    May 22 2013 10:47 AM

    Staples (NASDAQ: SPLS [FREE Stock Trend Analysis]) is down on Wednesday after coming up short on first-quarter earnings and revenue. The Framingham, Massachusetts-based firm's EPS declined over seven percent to $0.26, just missing the $0.27 analysts wanted to see. Revenue dropped three percent year-over-year to $5.8 billion, missing the $5.91 billion Wall Street consensus.