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Real-time Monetary Inflation (last 12 months): 3.2%

Have you ever seen Costco customers wrestle with their overflowing carts and wondered, where are they going to store all that stuff? You don't have to ponder such things when you queue up to purchase Costco's petrol. Pretty much everybody's buying gasoline a tankful at a time, no matter how cheap it is.

Wholesale buyers with storage capacity, however, might be looking at the gasoline market now thinking it's as cheap as it's likely to get this season. In case you haven't been watching this market, unleaded oxygenated blendstock (RBOB) for March delivery backed off a per-gallon high near $2.20 to retrace half of its end-of-year rally and is now poised to enter ...

Here is a trading video I shot on a trade that I entered into this morning. I am planning on doing more of these videos as I think these are helpful to new traders.


Trading Video

EUR/USD

The Euro weakened again to near 1.44 in early Europe on Friday, undermined in part by rumours of German Chancellor Merkel’s resignation.

Underlying confidence surrounding the Greek debt situation also remained very weak and this contributed to downward pressure on the Euro as there was a further widening in yield spreads between German and Greek bonds during the day.

The New York manufacturing index was stronger than expected with an increase to 15.9 for December from a revised 4.5 the previous month, although the series is very volatile on a monthly view. The latest University of Michigan consumer confidence data was slightly below expectations, although the impact was limited.
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With all the controversy surrounding Jay Leno, Conan O’Brien and mama bird NBC ... perhaps China would like to slip in and host a show, regardless of whether they get pushed back by half an hour.

It seems Chinese officials like to talk. Ok, maybe they’ve earned it; China has quickly become the make-or-brake(-or-break) for the global economy. So why not soak up the spotlight while you’ve got it, right?

It’s clear the latest public juggling act for Chinese officials is stemming the “overheating” critics while appeasing the “choke-off-the-economy” critics. In other words, their rhetoric is balancing a tightening policy with an accommodative policy.

Last week began the hints that China will ...