Opportunities As Oil Nears Bottom

Key points Oil prices could be close to a trough, and we see selected opportunities emerging ahead of a recovery. The U.S. and China put further tariffs on hold for 90 days. We see this boosting risk assets in the short run. Economists expect strong U.S. non-farm payrolls growth in November, and the data will…

This Week In Money – December 1, 2018

Ross Clark – Crude oil’s decline, interest rates, gold. Rick Ackerman – China/US Trade, G20, interest rates and the car business. James Corbett – Japan, China, steel quality. Larry Reaugh President & CEO of American Manganese Inc. Jared Lazerson President & CEO of MGX Minerals Produced by HoweStreet.com

OIL Weekly: Is Bear Momentum Catching A Break

Introduction Welcome to my Oil Weekly report. In this brief report, I wish to discuss my views on oil markets and the iPath S&P Oil Total Return Index Exchange-Traded Notes (OIL). OIL replicates the performance of its sub-index, the S&P GSCI® Crude Oil Total Return Index, which invests directly in West Texas Intermediate (WTI) crude…

Fed And Italy Lift Dollar Tone

Overview: We had anticipated that the dollar’s downside correction against the European currencies was over or nearly so and looked for the dollar to find better traction. The Dollar Index held above the previous week’s low. The euro’s high for the week was recorded on Monday near $1.1815. With the weight of Brexit, sterling was…

Gains Ahead Of The Weekend Lift Dollar’s Technical Tone

The US dollar rose against the major currencies last week. The sole exception was the Swedish krona. More than a third of its 1.15% weekly advance was recorded ahead of the weekend in what appeared to be position-squaring ahead of the September 9 election. The Dollar Index rose 0.25% last week, owing to the pre-weekend…