Commodities

Dow slides more than 250 points as fears of global slowdown persist, Nike falls

Stocks dropped on Friday as jitters over the global economy were sparked by dreadful manufacturing data out of Europe and the Federal Reserve’s cautious outlook on the U.S. economy. The Dow Jones Industrial Average traded 274 points as Nike shares underperformed. The S&P 500 fell 0.9 percent, led ...

Energy and commodities highlights: Political change in oil states, LNG in Europe, trans-Atlantic freight

Spring 2019 is ushering in important political changes that are being watched for their impact on oil and other commodities. In Algeria new leadership was promised recently, following widespread protests. That’s fuelled discussion about the future of the country’s oil and gas industry. Then on ...

Terrible German PMI data sinks global stocks and euro

Stocks & USD – Terrible European data kills risk appetite EUR – Euro falls as German bunds go negative Brexit – EU throws UK a delay bone  Oil – Stockpiles fell 9.6M even as imports rose 186K Gold – Stronger on dovish Fed Stocks & Dollar US equities are off to a poor start on the final d ...

CWS Market Review – March 22, 2019

“Capital isn’t scarce; vision is.” – Sam Walton The Federal Reserve made news this week by finally recognizing reality. That’s an odd headline for a news story. The facts didn’t change in any meaningful way, nor did the economy. Rather, the only change was that a committee of economist ...

Dollar supported by risk aversion trading

Friday March 22: Five things the markets are talking about Global equities are trading mixed after the European Union agreed Thursday to a short Brexit delay. Investors are also weighing up further signs of a sluggish global economy as a plethora of G7 central banks reassess normalizing their monet ...

Tech Talk for Friday March 22nd 2019

  Observations Dow Jones Industrial Average gained 217 points yesterday thanks mainly to strength in Apple in anticipation of new product announcements scheduled to be released on Monday. The gain in Apple added 166 points to the Average. Israel iShares are extending their intermediate uptrend. ...

Gold – March or October 2008? - David Brady (21/03/2019)

March 21, 2019 Last week, I said: “The big picture remains the same: When the Fed reverts to QE and the dollar tanks, Gold and everything else will soar. I believe a return to QE is inevitable at this point.” Any reversals in Gold present the final opportunity to “BTFD”. Well, the Fed too ...

Tech Talk for Thursday March 21st 2019

Pre-opening Comments for Thursday March 21st 2019 U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for Weekly Initial Jobless Claims was 2 ...

Dollar falls as Fed keeps dovishness on autopilot

Fed – Removes 2019 hikes, leaves one for 2020 and to halt QT in Sept Brexit – MV expected Tuesday or Wednesday Trade War – Trump notes EU as tough on US as China Oil – Stockpiles fell 9.6M even as imports rose 186K Gold – Stronger on dovish Fed Fed The Fed kept its benchmark interest rate ...

Oil Rises After Surprise Drawdown in US Stocks

Oil prices rose on Wednesday, with U.S. crude topping $60 a barrel for the first time in about four months, after government data showed the American stockpiles of crude oil and refined fuels plunged last week. WTI has rallied 32 percent this year after losing nearly half of its value in the final ...