Midweek News 30Jan

Source: EIA (Jan 2013)

Graphics

Central Banks

  • Jim Grant Opines On Interest Rates. (CNBC)
  • Carney Will Face Commons Probe On BOE Inflation Targeting. (Bloomberg)
  • India Cuts Rates By 25bps. (FT Beyond BRICs)
  • Stanley Fischer To Step Down In June From Israel Central Bank. (AP)

Geo-Politics

  • US Plan For Mideast & Asia: Shadow Wars/No Interventions, Sayeth Escobar. (RT)
  • John Kerry Expected To Achieve Sec. Of State Appointment. (AP)
  • US Pledges $155mil In Aid To Syrian Rebels. (RT)

Supply/Demand & Markets

  • API: +4.2mil v +2.6mil exp. (Reuters)
  • EIA: +5.9mil v +2.5mil exp. (EIA)

Outrageous Market Fortune

  • How JPMorgan’s $5mil Loss Rose 80-Fold In Minutes. (Zerohedge)
  • Bank Probes Find Manipulation In Singapore NDF FX Market. (Reuters)
  • Hank Greenberg’s Polemic. (Bloomberg)

Weekend News 26Jan

This week’s auction resulted in a
balance phase in the upper Jan cluster (95.00s-97.00s)
following the multi-week directional phase higher.

The market rallied toward the weekly
1st standard deviation high level, 97.11s,
which we alerted our weekly subscribers to
last week (here). This area offered
the most asymmetric & efficient reward potential
of the week, resulting in an approximately
$2 inventory adjustment lower on Wed.



The market is now in a balance phase,
(95s-97s), awaiting the next directional catalyst. 

IF buyside fails at 95s, probability favors
price discovery into Jan lower cluster,
(92.50s-94.50s), (here). Conversely, IF buyside
defends 95s, probability favors challenge of 97s
and possible continuation of upside
directional phase.

Balance begets imbalance….

Graphics

Central Banks

Geo-Politics

  • Frontline: The Untouchables. (PBS)
  • Hillary Clinton Calls For Broad Intervention In Africa. (Guardian)

Supply/Demand & Markets 

  • Canadian Oil Trapped By Tight Line Capacity. (Platts)
  • Energy Swaps Migrating To Futures On Dodd-Frank. (Bloomberg)
HFT/Algo