• The Energy Report - Flood Warning

    Hurricane Isaac makes a second landfall at Port Fourchon, LA.; it is becoming clearer that the threat at from this slow moving storm may not come from the winds but the possible flooding. While oil prices have fallen on the expectation that demand for oil will be impacted by this storm in the aftermath of the storm the demand for higher quality crude could drive WTI higher when the damage becomes clearer. With flood defenses already being breeched in southeast Louisiana the impact of this storm ...
  • Majors Daily Forecast 29 August 2012

    EUR/USD Sell at 1.2566 SL 1.2598 TP 1.2516 USD/JPY Sell at 78.60 SL 78.92 TP 78.15 GBP/USD Sell at 1.5819 SL 1.5851 TP 1.5764 USD/CHF Buy at 0.9558 SL 0.9526 TP 0.9608 today so far +35, total yesterday +65 pips
  • EUR/USD Lifts Ahead Of Jackson Hole

    On Tuesday Euro/Dollar increased with 110 pips ahead of Jackson Hole meeting. The European currency appreciated from 1.2464 to 1.2577 yesterday, matching the positive money flow sentiment at around +18%, closing the day at 1.2563. This morning the Euro is trading quietly, with movements at the upper end of yesterday's range for now. On the 1 hour chart the upward channel is making renewal attempts, while on the 3 hour chart wide range trading has formed. Break above the nearest resistance ...
  • Euro Zone

    Seven Days That Will Decide Euro Zone Fate: Next Fortnight Is Critical

    Seven key events in the next fortnight that will determine whether the now-four-year-old euro zone crisis results in Greece and perhaps also Spain leaving and even whether the monetary union will survive. Here is a list of the seven critical dates with their corresponding events.
  • Circumcision Gets Blessing From Prominent U.S. Pediatric Group

    A prominent pediatric organization points to circumcision's health benefits, but stops short of decreeing that all male infants should go under the knife.
  • Federer

    Roger Federer: "Novak is the Favorite" [U.S. Open 2012]

    Novak Djokovic is the man to beat at the 2012 U.S. Open, said Roger Federer.
  • Oil prices firm on Isaac

    The direction of the oil complex continues to be mostly driven by the evolving storm in the Gulf of Mexico. Isaac is now on the verge of being upgraded to hurricane status as it is on a direct path to Louisiana. It could make landfall late today or early tomorrow. Isaac has caused a rash of preemptive energy shut-ins covering offshore crude oil and Nat Gas production, refinery shut-ins, LOOP closure as well as logistics precautions like pipelines. So far according to the Bureau of Safety and Env...
  • London Session: EURUSD back above 1.25 as Draghi bows out of Jackson Hole

    This morning's price action is all about the euro. It bounced back above 1.25, and reached a high of 1.2560 this morning after the Eurozone reported better than expected money supply data for July and Spain sold more debt than it had intended to at an auction this morning. Usually money supply data is not particularly market-moving; however the sharp rise in the money supply suggests that lending conditions did improve in the currency bloc in the three months to July. Lending to households an...
  • Dassault's Rafale Combat Aircraft.

    US Weapons Sales Hit Record High In 2011: Congressional Report

    International weapons sales by the U.S. tripled last year to reach a record high of $66.3 billion, of which $33.4 billion was pumped in by $33.4 billion sales agreement to Saudi Arabia, according to a new congressional report.
  • Lars Von Trier's 'Nymphomaniac' To Use Body Doubles For Graphic Sex Scenes

    The numerous, risqué sex scenes in Lars Von Trier's upcoming "Nymphomaniac" will feature body doubles.
  • History May View ECB's Draghi As "Currency Forger of Europe"

    History May View ECB's Draghi As "Currency Forger of Europe"
  • The Energy Report - Isaac has Oil Production Twisting in the Wind

    Winds and rain and Isaac have taken a nasty turn right into the heart of Gulf Oil Production. States of emergency and evacuation orders are in place along the Gulf oil and refining areas. Prices started to soar shortly after Weather Analyst Dave Tolleris of WXRISK told me that Isaac may miss Florida completely and turn into a Category 2 Hurricane and head directly into refineries and production near Alabama and Louisiana. Dave said that we are rapidly approaching that point of landfall with Isa...
  • Majors Daily Forecast 27 August 2012

    EUR/USD Sell at 1.2514 SL 1.2546 TP 1.2437 USD/JPY Sell at 78.78 SL 79.10 TP 78.06 GBP/USD Sell at 1.5815 SL 1.5847 TP 1.5727 USD/CHF Buy at 0.9595 SL 0.9563 TP 0.9679 today so far +47, total on Friday +52 pips
  • EUR/USD Steady Just Above 1.25 This Morning

    On Friday Euro/Dollar decreased with 85 pips. The European currency depreciated from 1.2567 to 1.2480 on Friday, matching the negative money flow sentiment at over -11%, closing the week at 1.2509. This morning the Euro is trading quietly, with movements within Friday's range for now. On the 1 hour chart the upward channel is on hold, while on the 3 hour chart wide range trading has formed. Break above the nearest resistance and Friday's top at 1.2567 may trigger further strengthening o...
  • Merkel Backs Bundesbank Chief's Rejection Of ECB Bond Buying

    German Chancellor Angela Merkel voiced support for Bundesbank chief Jens Weidmann on Sunday, saying she welcomed his warnings about the handling of the euro zone debt crisis and saw his influence within the European Central Bank as positive.
  • No More Reprieves For Greece, Germans Warn

    Germany rejected Sunday calls to give Greece more time to implement economic reforms, with the economy minister saying in an interview that Athens needs to respect the bailout deal reached with its international creditors.
  • Daily Summary on USD, EUR, GBP, JPY, AUD and CAD

    The dollar begins the last day of the week stronger against nearly all of its major counterparts as stocks and commodities swing between gains and losses. Trading volumes remain thin with many market participants still on summer vacation, which has led to choppy, listless ranges for the dollar. Investors are also largely sidelined ahead of the Fed's annual summit in Jackson Hole, WY scheduled for later this month. After minutes from the FOMC's last meeting suggested that further monetary e...
  • EUR back above 1.25, Gold, Silver follow

    EUR back above 1.25, Gold, Silver follow. The Euro is not just back above $1.25 in mid-day trading after the European stock markets have closed for the day. It is approaching 1.26 and the implied market chatter could put the Euro within striking distance of the 3-month highs of 1.27. While this is still cheap compared to recent years, it was just on 15 August that the low was under 1.22 and it was in July where we momentarily saw the Euro challenging 1.20 on the downside.
  • Risk Off Tone due to Weak EZ Data and MIxed US Outlook

    Financial markets were in a risk-off mode on Thursday as driven by weak Eurozone PMI, mixed US data and mixed comments from Fed officials concerning further monetary easing. Wall Street retreated steadily with the DJIA and the S&P 500 Indices losing -0.88% and -0.81% respectively. In the commodity sector, crude oil prices reversed gains after initially climbing higher. Gold, however, surged to as high as 1677.5 before settling at 1672.8, up 1.97%, taking cues from Chicago Fed President Charles E...
  • Yann M'Vila

    Arsenal Transfer News: Yann M’Vila and Four Other Potential Replacements for Alex Song

    A look at the five leading candidates to replace now-former Arsenal midfielder Alex Song.