The GBP/USD pair tried to rally during the session on Wednesday, but as you can see struggled above the 1.56 level. In fact, there was enough resistance above there to turn things back around and form a shooting star which of course is a very negative sign. While that much is true, I am a bit hesitant…
Turkmenistan, the former Soviet republic, devalued its currency against the US dollar by 18% for the new year. Turkmenistan is energy-rich and this is the latest sign of seriousness of the collapse in oil. This will contribute to now force the dollar higher as commodities decline, the energy producing nations will be compelled to devalue…
Gold prices fell on the final trading day of 2014, notching its second consecutive annual drop, as gains in the dollar sapped safe-haven demand. The precious metal closed down roughly 1.6% for 2014, compared with the December 31, 2013 settlement price of $1206.80 per ounce. Geopolitical concerns and sharp drops in the global equities were the…
<< Read Technology in 2014, Part 5: The Courtroom Drama << Read Part 4: Is China Calling The Shots? << Read Part 3: IPOs Galore << Read Part 2: M&As To Make Or Break Companies << Read Part 1: Collaborations Rule The Day Technology development in 2014 focused on the move to cloud computing on the one hand and the Internet…
Who is to blame for the staggering collapse of the price of oil? Is it the Saudis? Is it the United States? Are Saudi Arabia and the U.S. government working together to hurt Russia? And if this oil war continues, how far will the price of oil end up falling in 2015? As you will…
Ten weeks ago we wrote that Treasury yields were looking down. The day we wrote that the yields on 10-year Treasuries reach 2.31%, a 28-month low. We suggested that the yield could drop below 2.20%, and if it did without bouncing back toward 2.30% within a very few days that the yield could drop to very…
If you’re like most Americans, then you are absolutely loving the price you paid this week for a gallon of gas. Just a couple of years ago it was not uncommon to see a $75 price tag for filling up your car. Today, you might be driving off for half that amount. On the…
Archie Dunham is no ordinary investor when it comes to energy stocks. He’s got a blue-blooded resume that perfectly conveys his expertise and success in the energy industry. Dunham has worked his way from the ground level of ConocoPhillips (COP) – a company worth close to $100 billion today – all the way up to chairman! He…
A quick glance at the 20 most popular stories of 2014 as determined by you, our readers, shows something troubling: despite the just concluded 6th consecutive year of a rising S&P 500 (SPX) – the longest such stretch since 1999 of what otherwise would be deemed optimism – despite what should be a steadily improving economy and…
By Jim Pearce The day after Christmas – December 26th – is affectionately known as “Boxing Day” in many parts of the world. A holiday of sorts, it is named for the gift boxes that employers would give to their employees. Dating back to the Middle Ages, it’s generally believed that these gifts were fairly…
