Archive for February 25th, 2011

U.S. Freight Carloads Weekly – February 25, 2011

U.S. railroads originated 296,980 carloads, up 8.4% compared with the same week in 2010 and down 0.7% compared with 5-year average. Week over week change was also 8.4%.

Daily Reading – Friday, February 25, 2011

*** The Reformed Broker: Recipe for a Trading Blog ***
*** JESSE’S CAFÉ AMÉRICAIN: Silver Market Hit Hard With Bear Raid – The Infamous Dr. Evil Strategy ***
*** Macro Man: Is that a Pink Flamingo I See? ***
*** The Big Picture: Soc Gen’s Economic Surprise Indicator ***
*** The Big Picture: Crude Oil = $100 ***
*** FT Alphaville: Swinging on an oil VaR ***
*** FT Alphaville: Libyan oil supply, and short-term whiplash ***
*** FT Alphaville: Oily shadows of 2008 ***
*** The Slope Of Hope: AAII Sentiment Survey – Week Ending 2/22 ***

February University of Michigan Consumer Sentiment Second Reading At 77.5

February University of Michigan Consumer Sentiment second reading was reported at 77.5 vs. 75.1 preliminary reading and consensus. January reading was at 74.2 .

U.S. Petroleum Weekly – February 25, 2011

I already coved Libya importance for crude oil price: Importance Of Libya For World Oil Production.

Few days later, my view is that if Libya doesn’t restart producing with full capacity soon the price of oil will go up.

In U.S.: Markets are well supplied, demand historically speaking weak, refiners cutting refining capacity and crude oil imports. WTI – Brent pricing disparity still very high.

U.S. GDP Growth in Q4 2010 Revised to 2.8%

U.S. GDP growth for Q4 was revised from 3.2% to 2.8%; consensus was at 3.3%. Q2 reading was at +2.6%.

Initial pre-release consensus was at 3.5%…we are now almost 1% lower…

U.S. Natural Gas Weekly – February 25, 2011

Working gas in storage fell 81 Bcf from previous week. The consensus was at 83 Bcf.

Storage level is 23 Bcf lower than same time year ago.

Heating season is nearing its end, the market is well supplied, so no fundamental reasons for natural gas price recovery.

This is it for this winter…

U.S. New Home Sales Fell 12.6% In January

U.S. new home sales fell 12.6% to 284.000 SAAR; Consensus was at 310.000 SAAR, prior reading (revised downward 4.000) was at 325.000 SAAR.


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