Posts Tagged ‘Simon Watkins’

Saudi Intervention, U.S. Stockpile Forecasts Keep Oil Prices Under Pressure (BNO, USO, UGA)

March 20th, 2012

Simon Watkins:  Brent crude (NYSEARCA:BNO) continues to hold below its key $125 per barrel resistance level on speculation that a report tomorrow is likely to show that U.S. fuel stockpiles rose to their highest level in six months last week. Read more…


Australia In No Hurry To Weaken Its Dollar (FXA, EWZ, TUR)

March 7th, 2012

Emerging Money:  Consistent with the laid-back cultural dynamic that so distinguishes the national character, the Reserve Bank of Australia appears to be perfectly happy with its extremely strong currency. Read more…


Oil Hits Eight Month High After Greece Talks, Iran Moves, & China Easing (USO, EWQ, BNO, XLE)

February 20th, 2012

Simon Watkins:  Crude oil prices (NYSEArca:USO) briefly hit over $121 a barrel in trading today as Iran halted exports to Britain and France ahead of an EU embargo, alongside optimism over the Read more…


Wheat Prices Are Set For A Short Term Spike (DBA, WEAT)

February 20th, 2012

Simon Watkins:  Grain exports in Ukraine have been restriction free for little more than a month, and are about to be limited once more after drought and frosts hit the winter crop. March wheat prices Read more…


Copper Prices: Rising Chinese Demand and Declining Supply Profile Continues To Support Copper (JJC, FCX, FXI)

February 13th, 2012

Simon Watkins:  Copper prices (NYSEArca:JJC) have recouped last week’s losses this morning as Greek Prime Minister Lucas Papademos won parliamentary approval for swinging new austerity measures aimed at securing a further EUR130 billion ($132 billion) bailout package from the euro zone. Read more…


Crude Oil Prices: Oil Markets Recover Balance After IMF Recapitalizes (BNO, USO, EWJ, NLR, FXE)

January 19th, 2012

Simon Watkins: Crude oil prices took on a soft tone throughout most of yesterday, with Brent (NYSEARCA:BNO) breaking down through its key $111 support level, but those losses have already been recouped today. Read more…


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