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 The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Lower
Marc Nemenoff I PRICE Group - 27 January 2012
Financials: Mar. Bonds are curently 3 higher at 142’30 and the 10 Yr. Notes5 higher at 131’19. This morning’s GDP was up 2.8% vs. expectations of 3.0%. Consumer spending was up 2.0% pretty much in line with expectations. The long 5 Yr. Note/ short 10 Yr. Note spread is currently at 7’20 premium the 10 Yr. Note. I will once again be willing to do this spread if it widens above 7’22.0 premium the 10 Yr. Note.
Grains: Yesterday Mar. Beans closed 9 cents higher, Mar. Corn unchanged and Mar. Wheat 12 higher. Over night Beans were unchanged, Corn 4 higher and Wheat 1 lower. ... read more  The Energy Report - Credit Where Credit Redux
Phil Flynn I PFGBEST - 27 January 2012
After President Obama's State of the Union speech, I questioned whether the President was trying to take credit for the amazing advances in technologies that has been made in energy production over the last decade. In an article I titled, "Giving Credit Where Credit Is Due", I asked why the Obama tried to take credit for the work of others when he said, "it was public research dollars, over the course of thirty years, that helped develop the technologies to extract all this natural gas out of shale rock - ... read more  Daily Commodities Update: Silver
autochartist.com - 27 January 2012
Jonah S. Ford - Silver futures pulled back slightly in Thursday’s session after a strong run for the week. The retracement is occurring after a touch of resistance provided by a Triangle chart pattern forming on the 30-minute time interval. Autochartist is tracking the developments on the emerging patterns platform, with a projection for a continued short-term decline to the support trend line near $33.40 per ounce.
The Triangle chart pattern is clearly defined already, but also has plenty of room for the price to trade inside the range as it approaches the apex. ... read more Daily Forex Update: AUD/NZD
autochartist.com - 27 January 2012
Dima Chernovolov - AUD/NZD continues to decline after completing the Uniform Triangle chart pattern identified by Autochartist on the hourly charts. The overall Quality of this Triangle is rated at the 6 bar level as a result of the average Initial Trend and Clarity (both measured at the 5 bar level) and higher Uniformity (7 bars). This chart pattern follows the preceding daily downward price impulse from the combined resistance area lying at the intersection of the 61,8% Fibonacci Retracement of the previous sharp downward price impulse from the major long-term level of resistance 1.3600 (which had previously reversed the pair down in the August of 2000) and the upward resistance trendline (former long-term support trendline from September of 2009 broken by the aforementioned previous downward price impulse from 1.3600, ... read more  Daily Fundamental Analysis - Oil Reaches Weekly High
bforex Research - 27 January 2012
Iran is attempting to take measures in response to the EU oil trade embargo even before the ban takes effect in July. The ban on Iranian oil was approved on Monday to the chagrin of several Middle East countries along with China and Russia. The United States has commended the EU for the ban. Iranian officials are pointing an accusing finger towards Saudi Arabia, which has promised to fill the gap in demand for oil by the west when the ban commences. Iran has asked other OPEC members to place pressure on Saudi Arabic, with limited success. Crude oil is up this morning in trading by 0.08%, valued at 99.78 USD per barrel. ... read more The Energy Report - Giving Credit where Credit is Due
Phil Flynn I PFGBEST - 26 January 2012
I have to Obama credit for making the shale gas and oil revolution part of his State of the Union Address. Yet at the same time, I fail to understand why he wants to take credit for it as opposed to giving the credit where it is deserved and that is with the US energy industry. Indeed, the President was right when he said, "Nowhere is the promise of innovation greater than in American made energy. Over the last three years, we’ve opened millions of new acres for oil and gas exploration, and tonight, I’m directing my Administration to open more than 75 percent of our potential offshore oil and gas resources. ... read more The Nemenoff Report - Bonds Higher, S&P's higher, Silver Higher
Marc Nemenoff I PRICE Group - 26 January 2012
Financials: Mar. Bonds are currently 22 higher at 142’15 and the 10 Yr. Note14 higher at 131’06. This morning’s weekly Jobless Claims showed an increase of 21,000 vs. expectations of an increase of 23,000. Durable Goods were up 3.0% vs. average expectations of an increase of 2.0%. Yesterday the FOMC announced NO change in interest rates. Their expectations were that inflation will remain below 2.0% through mid to late 2014 and consequently rate targets will remain low through 2014. One thing I have learned, DON’T FADE THE FED. The results of yesterday’s pronouncement was a rally from the 141’00 level to 143’16 and back to 142’00. ... read more Daily Fundamental Analysis - U.S. Rates Remain the Unchanged
bforex Research - 26 January 2012
Big news out of the United States took place yesterday during the FOMC Press Conference. Fed Chairman Ben Bernanke announced that interest rates will remain at 0.25% and will probably not change until at least 2014. This announcement came after the conclusion of a two day policy meeting which saw law makers still frustrated over the slow recovery of the economy. The EUR/USD is up this morning by 0.122% and trading at 1.3123. The GBP/USD is up as well by 0.061% and trading at 1.5667. ... read more Daily Commodities Update: Palladium
autochartist.com - 26 January 2012
Jonah S. Ford - Palladium futures may take a cue from the rest of the precious metals sector as the week progresses. Gold and silver both surged higher in Wednesday’s session while palladium touched a major support level after setting a new multi-month low on the chart. Such a divergence is often temporary, and palladium’s price action shown here on the Autochartist 240-minute time frame suggests a turn-around is highly possible. ... read more |
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