Global Markets

Energy Insights From Dave Lutz And Crude Oil Levels Of Interest

With Crude Oil in the news and prices surging after a quick dip under $40 per barrel, I thought it would be good to share some color from the must-read commentary of JonesTrading’s Dave Lutz and follow that up with some insights into key price levels for crude oil. Here’s some…

Is More Quantitative Easing (QE) On The Way For The U.S.?

Two different central bankers from two different continents made news yesterday – both giving us a nod and a wink that at best low rates are here to stay and at worst more stimulus (i.e. quantitative easing) may be coming our way. Peter Praet, the European Central Bank’s chief economist,…

Currency Wars, Deflationary Headwinds Pressure Investors

An astute client of mine emailed me with a question: “I am concerned about this currency war that is going on with the US dollar. Are there any preventive measures that we should be looking at now to lessen the impact that this will have on the US dollar and…

Point And Figure Chart: Crude Oil Oversold, But Bearish

After a nice rally off the March lows, Crude Oil is struggling again… so much so that it is testing those March lows already. For now, Crude Oil is oversold and likely to bounce, but the Point And Figure chart below for WTIC doesn’t look promising at all. The recent…

Chart Of The Day: Chinese Stock Market ETF (FXI) Crushed

The Shanghai Stock Exchange (SSEC) fell 8.5 percent overnight highlighting just how unsettled investors are in that market. That drop has translated to a 4.3 percent drop on the iShares China ETF (FXI) as the U.S. markets near the last 30 minutes of the trading day. I’m not all that surprised…

U.S. Corn Weekly Review: Corn Futures Feel The Fade

This was without question a tough week for Corn Bulls. Monday’s price action showcased a 15 ¼-cent lower close in December corn futures ($4.16), which resulted in CZ5 closing at its lowest level since June 29th. What is the significance of June 29th? It was the last trading day prior to the…

Gold’s Mini-Crash Leaves It Oversold, But Vulnerable

I’ve written a lot about the macro headwinds that face Gold. And even though I’m still neutral to bearish on the yellow metal over the next year or so, I’m still a trader… so I’m always looking for opportunities. So when Gold prices sold off sharply on Sunday night, I…