Articles by Roger Baettig
- 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 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 $18.00
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 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 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 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 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 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.
- Brent Dips on US Demand Woes
May 22 2013 10:43 AM
Brent crude oil fell on Wednesday after an unexpected rise in US gasoline stockpiles reignited worries that the summer driving season's demand in the number one oil consuming nation may be weaker than anticipated. The commodity traded at $103.21 at 9:18 GMT on Wednesday morning. On Tuesday, the American Petroleum Institute released data that showed that US gasoline inventories jumped by 3 million barrels last week. The figures indicated that the nation is well supplied as it moves into the summer, which tends to be a peak driving season.
- Radical AfD Political Party Could Disrupt German Elections
May 22 2013 10:38 AM
The euro traded steadily at $1.2931 on Wednesday morning as investors kept their attention turned to the US, where Federal Reserve Chairman Ben Bernanke will address Congress and release the Federal Open Market Committee's policy meeting minutes. The greenback fell against the euro for three consecutive days as investors speculated that the Fed would start to taper off its aggressive bond buying stimulus efforts.
- British Pound traded at 7-week lows aganst US-Dollar as U.K. retail sales slump
May 22 2013 10:32 AM
The British pound was trading close to seven-week lows against the dollar on Wednesday as data showing that U.K. retail sales slumped in April increased the likelihood of more easing by the Bank of England.
- Yen down after Japan's worst April trade deficit
May 22 2013 9:29 AM
The yen edged down against the dollar and euro in Asia on Wednesday after Japan posted its worst ever April trade deficit, fuelling yen-negative sentiment.