Based on CFTC weekly report.
(Weekly as of October 2000.)
12 Apr 11 - 10 Apr 12
Friday, April 13, 2012
April 10, 2012 Current Commitments of Traders Charts
Based on CFTC weekly report.
(Weekly as of October 2000.)
12 Apr 11 - 10 Apr 12
Goldman Sachs fined $22 million for equity research violations
The following is from FINRA...
The Financial Industry Regulatory Authority (FINRA) today announced that it has fined Goldman, Sachs & Co. $22 million for failing to supervise equity research analyst communications with traders and clients and for failing to adequately monitor trading in advance of published research changes to detect and prevent possible information breaches by its research analysts. The Securities and Exchange Commission (SEC) today announced a related settlement with Goldman. Pursuant to the settlements, Goldman will pay $11 million each to FINRA and the SEC.
Sugar traders extend longest bear streak since ‘07
April 13 (Bloomberg) -- Sugar traders are bearish for a seventh consecutive week, the longest stretch since at least 2007, on prospects for the first supply glut in four years. Sixteen of 22 analysts expect raw-sugar prices to decline next week and one was neutral, according to Bloomberg’s weekly sentiment survey that began in April 2007. Global production will exceed demand by 10 million metric tons in the 12 months ending in September, equal to about a year of U.S. consumption, according to Singapore-based Olam International Ltd., which trades and processes commodities in 65 countries.
Treasury Bonds, German Bunds Rally On Global Growth Fears
NEW YORK (Dow Jones)--Jolted by disappointing economic data in the U.S. and China, investors rushed into safe-harbor Treasury bonds and German bunds Friday. Worries about the health of Spanish banks added to worries about the global economic outlook. The bond market's price rally sent the 10-year benchmark Treasury yield below 2% for a second time this week to as low as 1.988%. The 10-year German bund yield fell toward a record low.
Natural gas rally fails to materialize after storage numbers
The natural gas market kind of acted like a North Korean rocket yesterday. It had an initial boost only to fail miserably a short time later. Natural gas bulls were hoping that yesterday’s gas storage number would possibly give some hope that a bottom in this market may be near. Instead it was another sign that this market is still ready to fizzle. The Energy Information Agency reported a much smaller injection into storage of only 8 bcf from the previous week, far short of the 38 to 40 plus the trade was looking for. The market then blasted off only to fail. I wonder if Kim Jong the younger is bullish gas as well. Despite the fact that this week’s injection was a bit of a disappointment, it is hard to get around the fact that working gas in storage is at a seasonal record 2,487 bcf as of Friday, April 6, and a whopping 888 Bcf higher than a year ago and 920 Bcf above the five-year average of 1,567 bcf.
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