The shale gas revolution in the United States has led to a collapse in prices but is too big to keep to ourselves. That is turning natural gas from a domestic market to a global one, and the global demand may cure the current low prices.
Equities began the much anticipated correction in yesterday's session as the S&P reached a low of 1809.50. The market did give traders a head fake early testing the Sunday night session high of 1838.75 with a failed high of 1838.25.
In the end we didn’t see a massive sell-off. Stocks didn’t tank and Treasury yields didn’t soar, ... What the market viewed as near-armageddon just this past summer was welcomed with open arms and hands turned inward (metaphorically) indicated buying activity.
The U.S. Federal Reserve appears ready to begin tapering just as other central banks may be adding to their balance sheets. What will this mean for the global forex market? And remember, this is all data-dependent.
Suppose you were driving a car that careened toward a cliff and stopped as it went half on, half off the edge and swayed. Enter Ben Bernanke, or any of his several successors. The White House posts its offering: Fed chairman to replace dangling driver wanted.