Archive for February 24th, 2011

Deeper Analysis

Japan’s Safe Haven Appeal

February 24, 2011

The yen’s advantage in times of geopolitical turmoil and rising oil prices is not intuitively obvious.  Japan imports virtually all of its energy needs, and Middle Eastern hydrocarbon fuel comprises a big share of that purchase.  Japanese economic activity is looking better but only in relation to late 2010 when such stumbled rather badly.  Prime […] More

New Overnight Developments Abroad - Daily Update

Swissy and Yen Up on Oil Crisis

February 24, 2011

Political chaos in the Middle East has spawned an hysterical oil market, with Brent topping $119.70 at one point and West Texas Intermediate eclipsing $103 amid forecasts of a potential spike above $200 per barrel.  Reassurances from Saudi officials that 1 million barrels per day of Libyan production can be replenished by Saudi Arabia and […] More