Oil price rises on hopes Fed will boost US economy

Posted on by The INO.com Team

By CHRIS KAHN
AP Energy Writer

(AP:NEW YORK) The price of oil is rising on hopes that the Federal Reserve will announce new measures to stimulate the U.S. economy.

U.S. West Texas Intermediate crude rose by 79 cents to $84.06 per barrel. Brent crude, which helps set the price for oil imported into the U.S., added 4 cents to $96.09.

The Fed holds a two-day meeting that ends Wednesday, and in the past it has taken action to encourage Americans to spend and borrow. Many analysts think the struggles of the U.S. economy and Europe's debt crisis will compel the Fed to say or unveil something to try to boost confidence. Continue reading "Oil price rises on hopes Fed will boost US economy" →

Obsession With Central Bank Action is Unhealthy, But Typical

Posted on by The INO.com Team

By Gary Tanashian

June 18, 2012

The great question revolving around Greece is now answered.  It remained unanswered when the opening segment of NFTRH192 was written.  Here is how one writer was trying to deal with these and other questions over the weekend:

Obsession With Central Bank Action is Unhealthy, But Typical

"We’re seeing some positive sentiment return on account of a few things: the prospect of coordinated intervention in the event of a sloppy Greek election, or outright victory of an anti austerity party," such as Syriza, said Andrew Wilkinson, chief economic strategist at Miller Tabak & Co. –MarketWatch Continue reading "Obsession With Central Bank Action is Unhealthy, But Typical" →

Chart of the Week - Gold

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

After completing a solid week of gains, the August Gold futures awaited the outcome of elections in Greece. Sunday night brought positive news early after the Greek vote was finalized, but the euphoria wore off quickly following news in Spain regarding high borrowing costs and bad loans that plague the future of the Spanish economy. Traders were buyers in most sectors early in the overnight session, then heavy sellers as we near the open of the US equity markets. The US Dollar and the Euro have already traded in very wide ranges over the last few hours. Continue reading "Chart of the Week - Gold" →

Daily Video Update: Is it my imagination or did the Greeks just kick the can down the road again?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 18th of June.

While the eyes of the world were glued to the Greek elections, another election took place halfway across the world in Egypt. The outcome of that election could have far greater consequences to Western society than a little country in southern Europe.

I am, of course, talking about the potential for war between the Muslims and the Jews over Israel. This would not be a good thing for anyone. At no time in my career have I seen so many conflicting elements around the world, all of which portend to big changes in the markets. Continue reading "Daily Video Update: Is it my imagination or did the Greeks just kick the can down the road again?" →

Greek Election Outcome May Only Delay Euro Exit: Capital Economics

Posted on by The INO.com Team

(RTTNews) - Though the victory of the pro-bailout New Democracy in Sunday's elections eases concerns of Greece's imminent exit from the euro-zone, the country still faces the risk of leaving the single-currency bloc at the end of this year, Capital Economics European Economist Ben May said in a note Monday.

According to the firm, policymakers will need to take much greater action, perhaps including significant steps towards full fiscal and banking union, to prevent a bigger, more damaging form of break-up. Continue reading "Greek Election Outcome May Only Delay Euro Exit: Capital Economics" →