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
