Analysts at Goldman and CIBC say $100 oil may be just months away: “The $100-a-barrel oil that Goldman Sachs Group Inc. said would prevail by 2009 may be only a few months away. “Jeffrey Currie, a London-based commodity analyst at the world's biggest securities firm, says $95 crude is likely this year ...read more

 Let's kick this section off with the question: What is the carry trade? The answer comes from the San Francisco Fed in an article entitled, "Interest Rates, Carry Trades, and Exchange Rate Movements": "What is the carry trade? "In the most common version of this strategy, an investor borrows a given amount in ...read more

 What follows is Part I of a focus on currencies including the U.S. dollar index, the yen, the euro, the British pound, and the Canadian dollar. There is a special emphasis on the yen. This analysis covers five factors: Technical analysis Politics Commitment of traders (speculation vs. hedging) of currency futures The carry trade Fundamentals Let's kick ...read more