Uranium

Oil Mixed After EIA Report Shows Large Drawdown

Oil fell on Wednesday after the release of the Energy Information Administration (EIA) weekly crude inventories report showed a larger drawdown than anticipated at 3.1 million barrels of crude, a surprise buildup of 3.6 million barrels of gasoline and a larger than expected buildup of distillates a ...

USD/CAD Canadian Dollar Lower After US Retail Sales Puts Multiple Fed Rate Cuts in Question

The Canadian dollar was trading lower against the greenback on Tuesday after a surprise jump in retail sales data could give some breathing room to the Fed. The US central bank has been telegraphing an interest rate cut at the end of the month but improving fundamental indicators could make the ove ...

US OPEN – JP Morgan disappoints, USD firmer, Commodities steady, Bitcoin down

Global equities continue to maintain a cautious tone ahead of key earnings results from the banks that will paint a clearer picture of how of the strength of the US consumer. So far Citigroup and JP Morgan noted that the US consumer is healthy. US futures are little changed as European stocks trade ...

Cameco - Can this Dog Bark?

Cameco (CCJ) has been in the doldrums for years. As the big dog in the Uranium Miners dog park, the chart keeps tempting us, but it has been a swing trade only. While that is the method for investing in commodity-related stocks, Cameco really hasn't barked out a big win in a while.  A few yea ...

Oil rises on Iran’s new nuclear threats

Oil prices firmed on Monday on tensions over Iran’s nuclear program but gains were capped by concerns about global economic growth and consequently oil demand. Brent crude futures rose 29 cents, 0.5%, to $64.52 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 40 cents, or 0.7%, to ...

Soft start to trading week; Greece elections, Erdogan fires CB head, Deutsche Bank restart, oil struggles, gold higher

Global equities are quietly softer across the board on softer than expected German data, follow through on Friday’s falling Fed rate cut blues, and a plethora or regional stories that added to the risk-off tone.  Deutsche Bank’s mixed review on their radical overhaul, Erdogan’s sacking of hi ...

Asia Open – Soft open on lower easing bets, Greece, Lira, Oil, Gold, Bitcoin

Asian equities are poised to open lower following Friday’s selloff that stemmed from a robust employment report that did no favors in fueling rate cut bets for the Fed.  Markets remain convinced the Fed will cut rates at the end of the month, but the strong labor market have many questioning whe ...

Oil extends last week’s sharp retreat as demand worries sour sentiment

Crude oil futures prices fell Monday, with investors digesting worrisome demand updates issued last week and keeping tabs on typically price-supportive risks percolating in the Middle East. Among the latest headlines, Iran will break the uranium stockpile limit set by Tehran’s nuclear deal with w ...

Stocks posting modest gains ahead of Wednesday’s Fed policy meeting

Global equities are mildly positive as geopolitical risks appear contained and on expectations the Fed and other central bank’s this week will deliver dovish signals.  In Hong Kong, the Chinese government suspended a controversial extradition bill that saw the largest protests in decades.  Tens ...

Tech Talk for Wednesday June 5th 2019

Pre-opening Comments for Wednesday June 5th U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade. Index futures moved lower following release of the May ADP Employment Report at 8:15 AM EDT. Consensus was 173,000 versus 275,000 in April. Actual w ...