Crude Oil: crucial long-term support area below. Original Post Crude Oil – March 2 Update Disclaimer: All opinions expressed in this blog are solely for information or educational purposes. The blog material does not constitute investment or trading advice. The blog material has no regard to the specific investment objectives, […]
UK factories feel the effects of coronavirus spread: PMI
Economic Indicators9 hours ago (Mar 02, 2020 04:41AM ET) By William Schomberg LONDON (Reuters) – The global impact of coronavirus is starting to weigh on a post-election recovery in Britain’s manufacturing sector as factories reported a big jump in delays in their supply chains, a survey showed on Monday. The […]
China Economy Seen in Deeper Contraction on Factory Drop
Economic Indicators12 hours ago (Mar 02, 2020 12:50AM ET) (C) Reuters. China Economy Seen in Deeper Contraction on Factory Drop (Bloomberg) — China’s economy could be heading for a worse-than-expected first-quarter contraction after the country’s manufacturing sector reported activity at a record low in February due to the coronavirus outbreak. […]
ANZ, Barclays See China’s Economy Growing Slower Than 5% in 2020
Economic Indicators12 hours ago (Mar 02, 2020 12:49AM ET) (Bloomberg) — The outbreak of the coronavirus and China’s efforts to stop its spread mean economists are again revising their estimates for output this quarter, with the median forecast now for year-on-year growth to be 4.2%, the weakest in 30 years. […]
Japan’s factory activity shrinks at fastest pace since 2016 on coronavirus hit: PMI
Economic Indicators5 hours ago (Mar 01, 2020 07:41PM ET) TOKYO (Reuters) – Japan’s factory activity was hit by its sharpest contraction in nearly four years in February, raising a red flag over manufacturing in the world’s third-largest economy as the impact from the coronavirus outbreak spreads. The manufacturing slowdown offers […]
Gold Rush May Continue But Not Hassle Free
On analysis of the movements of Gold Futures, in different time frames, I find that the sudden sell-off by Gold, seems to be only a temporary phenomenon while human psychology has been struggling. Friday’s sudden sell-off in gold was accompanied with selling spree in equity markets due to sudden rush […]
Science Has a New Way to Gauge the Universe’s Expansion Rate
The catch is that directly measuring the Hubble constant is very tricky. To do so, astronomers like Riess and Freedman must first find and calibrate “standard candles”: astronomical objects that have a well-known distance and intrinsic brightness. With these values in hand, they can infer the distances to standard candles […]
Natural Gas: Bounce Entirely Sold, Downtrend Continues
Natural Gas on the Nymex faced a negative week closing on Friday 10.5% lower than a week ago at $1.70. EIA confirmed on Thursday a withdrawal of 143 Bcf in working underground stocks for the week ended February 21. This is one more average figure for this time of year. […]
Saudi economy grows just 0.3% in 2019 as oil sector shrinks
Economic Indicators8 hours ago (Mar 01, 2020 04:15AM ET) (C) Reuters. Saudi economy grows just 0.3% in 2019 as oil sector shrinks By Davide Barbuscia DUBAI (Reuters) – Saudi Arabia’s economy grew by a weaker-than-expected 0.3% in 2019 as the oil sector contracted sharply, official data showed on Sunday, although […]
Stocks And Gold: What Happened Last Week?
The coronavirus crisis is perhaps the real “Black Swan” that no one saw coming. While the virus pulled the trigger on the loaded weapon aimed at the stock market, it’s not the cause of the fastest 10% decline in the history of stock market. Using “as adjusted” GAAP accounting applied […]