Articles by Roger Baettig
- Brent Retreats As Positive US Data Could Spell the End of Fed Stimulus
May 29 2013 10:27 AM
Brent crude oil neared a one week high late on Tuesday, but slipped back on Wednesday morning as investors began to worry that the US Federal reserve would cut back on its quantitative easing. The commodity traded at $104.08 at 9:38 GMT on Wednesday morning as it settled between demand woes and supply interruption worries.
- Notable Quotes from Apple CEO Tim Cook at Tuesday's D Conference
May 29 2013 10:24 AM
Apple (NASDAQ: AAPL [FREE Stock Trend Analysis]) CEO Tim Cook was the opening day interview to watch at the D conference in Palos Verdes, Calif. on Tuesday, but holding true to the Apple traditions, he provided some interesting snippets of information but there was no head-turning revelation made.
- 29/5/2013 - The Current Market Sentiment
May 29 2013 10:14 AM
The Single currency could find support versus the greenback to rise to 1.2976 until now with the release of Germane CPI flash reading of May which indicated rising of the inflation pressure over the consuming level more than what was expected to repeat of EU M3 has told too this morning by rising also more than expected increasing the possibility of pushing up the inflation in EU.
- The Love Trade for Gold is Still On!
May 28 2013 3:06 PM
Investors should have gained confidence from Ben Bernanke’s recent testimony to Congress that the Federal Reserve intends on being accommodative as long as needed. He had a laundry list of job market conditions that needed improving and reiterated that inflation remains low. It’s his belief that “a premature tightening of monetary policy could lead interest rates to rise temporarily but would also carry a substantial risk of slowing or ending the economic recovery and causing inflation to fall further.”
- Chevron Looks to Expand in Australia, Reuters and Bloomberg Report
May 28 2013 1:52 PM
The U.S.'s second largest oil company, Chevron (NYSE: CVX [FREE Stock Trend Analysis]), is planning to increase its investment in Australia by producing more liquefied natural gas (LNG) from its Gorgon and Wheatstone projects. Reuters reported that Chevron's 52 billion AUD (50 billion USD) Gorgon site is 60 percent complete and that Chevron plans to start engineering and design work for expansion by the end of the year.
- Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and RMB
May 28 2013 1:23 PM
• US releases a string of strong data output • GBP weakens to 2-month lows • JPY tumbles with equity sell-offs as markets look to higher-yields
- EUR/USD Charts And Observations
May 28 2013 8:55 AM
After failing at 1.3042 EUR/USD had broken below the psychological support of 1.3000 and had touched 1.2796. The support came at the emerging mid term support trend line. The price action is also bringing in a head and shoulder chart pattern and a break below 1.2745 will complete that pattern. If such a move takes place then deeper declines towards the psychological ranges of strong 1.2500 support ranges may be seen.
- Abe Pulls Pin on JGB Grenade
May 28 2013 8:49 AM
Japan has already suffered through a quarter century's worth of an economic malaise because they have refused to allow the free market to work its reconciliation magic. Their reliance on government borrowing and spending to rescue the economy has proven to be a miserable failure. Because of this fact, Japanese politicians have succeeded to increase the debt to GDP ratio to 237%, which should have already caused a collapse in Japanese Government Bonds (JGBs) and the Yen.
- Brent Rising On Geopolitical Tension
May 28 2013 8:42 AM
Tepid global economic growth and growing stockpiles have kept Brent crude oil prices low in recent weeks. However, the commodity saw a lift after geopolitical tension in the Middle East escalated and threatened a supply interruption. Brent traded at 103.50 at 9:33 GMT on Tuesday morning as supply concerns and waning demand pressured the commodity from both sides.
- Anti-Euro Sentiment Gains Traction in Portugal
May 28 2013 8:39 AM
The euro threatened to drop below $1.29 on Tuesday morning as fresh worries about a eurozone break up weighed on the common currency. With difficult austerity plans and sky high unemployment figures, radical anti euro movements in several of the eurozone's southernmost countries have been gaining popularity.
- Daily 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 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 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 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?
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.