USA:
04 Feb : MBA Mortgage Application and PMI Services & Composite
05 Feb : Initial Jobless Claims and Trade Balance
06 Feb : Change in Non-farm Payrolls & Unemployment Rate
11 Feb : MBA Mortgage Applications
12 Feb : Monthly Budget Statement, Initial Jobless Claims
18 Feb : PPI, Housing Starts, MBA Mortgage Applications and Industrial Production
26 Feb : CPI, Initial Jobless Claims
27 Feb : GDP
Continue reading Economic Events and Reports for Feb2015
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India Market Weekly Review – 31Jan2015
Indian equity benchmarks touched new record highs during the past week as the Nifty made an all time high of 8996, which it could hold for less than 5 seconds, before profit booking avalanche hit Nifty and dragged it down by 144 points on Friday, 30 Jan 2015, which made Nifty give up all its weekly gains and close marginally down for the week — a negative / bearish indication for coming week.
BSE Sensex closed down by 96 points or 0.3% at 29182, while the Nifty closed at 8808, down by 26 points or 0.30%. Among Nifty constituent stocks, Lupin, BHEL, BPCL, DLF, HDFC Bank, ITC, Reliance, Axis Bank and HCL Technology were top gainers, while Bank of Baroda (BoB), Punjab National Bank (PNB), Cairn India, Infosys, Mahindra&Mahindra, Coal India and state Bank of India (SBI) and ICICI Bank were top losers.
Continue reading India Market Weekly Review – 31Jan2015
Natural Gas ETF Investment Updates -06Jan2014
- A warm start to winter is disappointing investors who bet U.S. natural gas producers would offer a refuge from falling oil prices, as gas futures settled at a two-year low $2.882/MMBtu yesterday after dropping 32% in 2014.
- Among the 10 worst performers on the S&P’s Exploration & Production Index since June 20 – when oil was $107.26/bbl and gas was $4.53 – seven are companies that produce more than 50% gas; since June 20, Chesapeake Energy (CHK -1.3%) has declined 37%, Range Resources (RRC -0.7%) has dropped 41%, and Southwestern Energy (SWN -1.6%) has plunged 45%.
- The natural gas market looks terrible for 2015 and has been structurally oversupplied for years — Raymond James analyst Marshall Adkins says as he cuts his forecast for average 2015 Henry Hub gas prices to $3/Mcf from $3.65, citing normal weather that will “unmask the bearish underpinning of the U.S. gas market.”
- Natural gas disappoints investors seeking oil refuge – Carl Surran, SA News Editor
If you are an investor in any of the following Natural Gas ETFs/ETNs, you can benefit from our stock price target service, for buying and selling levels in the next 3,6,12 months, along with longer term price targets (if they are visible).
- RRC Range Resources Corporation
- SWN Southwestern Energy Co.
- UNG The United States Natural Gas ETF, LP
- DGAZ VelocityShares 3x Inverse Natural Gas ETN
- UGAZ VelocityShares 3x Long Natural Gas ETN
- BOIL ProShares Ultra Bloomberg Natural Gas ETF
- FCG First Trust ISE-Revere Natural Gas Index ETF
- GASL Direxion Daily Natural Gas Related Bullish 3x ETF
- KOLD ProShares UltraShort Bloomberg Natural Gas ETF
- UNL The United States 12 Month Natural Gas ETF, LP