By Eithne Treanor Oil inventories in the US continued their decline for a fourth week, giving the price a boost after surprising losses mid week. In early trading on Friday, Brent crude was priced above US$62 with WTI around US$58 a barrel. The Energy Information Administration said crude stockpiles fell by 2.8 million barrels this…
The US economy contracted by 0.7% in the first quarter of 2015 relative to the same period of last year. The Bureau of Economic Analysis adjusted its previous estimate of 0.2% growth downwards after more detailed information on import levels and capital investment became available. Analysts remained positive about the rest of the year, with…
After yesterday’s comment on Proxama (PROX), I decided that it would be helpful to expand the comments so that readers could have a better idea as to what is going on. Here I again enlisted chairman David Bailey’s assistance and he advises that Proxama’s marketing business is focussed on Bluetooth beacons. The beacons “push” a…
Following up on my short USD/EUR comment yesterday a reader comments: “I am sure that you are aware of this, but the ETFS 3x Short EUR Long USD fund would be a simple [albeit risky] way to enable individual investors to take advantage of an appreciation of the USD against the Euro: http://www.etfsecurities.com/retail/uk/en-gb/products/product/etfs-3x-short-eur-long-usd-seu3-lse” I do…
Begin by placing your market telescope to your eye the right way around so as to magnify distant objects of interest. It is surprising how many people you observe with the wrong end of the telescope stuck in their eye. Investment banks actually pay staff large salaries and bonuses to perform this task in the…
The human mind is absolutely stunning. We always find a way to patch a rotten system instead of spending the time developing a new healthier one. I just came across the news that the Danish government is preparing to go cashless starting next year. Well, not exactly cashless, but at least they plan to pave…
While the latest twists and turns of the FIFA corruptions scandal have been an interesting distraction for market traders this week, the ongoing Greek drama has continued its own exciting storyline. The euro enjoyed strong counter trend gains this Wednesday and Thursday as hopes were raised for a deal between Greece and its creditors. EUR/USD…
When Artemis Strategic Assets launched in May 2009 in the wake of the financial crisis it struck me as the ideal fund for the time. Its objective is to provide longer term positive returns under most market conditions, but it is the way that it goes about it that caught my eye. Right from the…
A few weeks ago I noticed an ad on the tube. It seemed to have a Bond-girl feel to it. Reminded me a bit of Ursula Andress in Dr. No. It made me think, no, I’m not ‘beach body ready’, plus I’m still single. I got myself a pie and didn’t think any more about…
Good news for followers of the exploration campaign in the Falkland Islands as Premier Oil has struck oil with the Isobel Deep exploration well. The discovery lies in the North Falkland Basin, some 30 km from the company’s Sea Lion oilfield. The Isobel Deep exploration well was drilled to a depth of 2,527 metres, short…
