Author Topic: Forex, futures and stocks trading (Read 81753 times)

CountValentine · « **Reply #240 on:** April 21, 2020, 10:29:55 AM »

What does USO track, futures price?

ExGingi · « **Reply #241 on:** April 21, 2020, 12:03:24 PM »

Quote from: CountValentine on April 21, 2020, 10:29:55 AM

What does USO track, futures price?

It owns about 1/3 of the outstanding June contract. Not sure what it is supposed to track.

Quote from: yos9694 on April 21, 2020, 10:18:17 AM

Exactly. When the nutcases in charge of Saudi and Russian production decided to keep up the high production levels even though demand data was showing real drops, it was a foregone conclusion that most of that oil would not be able to be used. The problem is that the futures market is designed to give producers a price in advance for delivery at a future date, so as long as investors/speculators were buying the futures, producers had no real incentive to pay attention to real demand.

Not sure that is all that's behind this. This might be a domestic (Cushing, OK) issue. Just look at the difference between WTI and Brent.

CountValentine · « **Reply #242 on:** April 21, 2020, 01:43:46 PM »

Quote from: CountValentine on April 21, 2020, 08:33:26 AM

You buying?

Think I will wait.

https://www.forbes.com/sites/jimcollins/2020/04/20/the-us-oil-etf-uso-is-the-culprit-behind-oils-massive-plunge/#75f0cea824e8

ExGingi · « **Reply #243 on:** April 21, 2020, 02:17:13 PM »

Quote from: AsherO on April 21, 2020, 09:59:52 AM

More news than we already had?...

Quote

11:53 AM EDT, 04/21/2020 (MT Newswires) -- United States Oil Fund (USO) shares were 21.8% lower Tuesday morning after the manager of the exchange-traded security said in a filing with the US Securities and Exchange Commission it is temporarily suspending the issuance of new "creation baskets" amid the plunging crude prices.

Under ETF rules, a creation basket is a mechanism that allows ETFs to create new shares, but with the suspension in place, the ETF will trade with a fixed number of shares.

The fund also said it has already issued all of its remaining registered shares. Trading in USO shares was briefly halted Tuesday morning before the opening bell, and it plunged after trading resumed.

ExGingi · « **Reply #244 on:** April 22, 2020, 12:31:46 AM »

https://moneymaven.io/mishtalk/economics/gold-what-if-silliness-BqBFCktMoUqqDp-GhI71OQ

Joel · « **Reply #245 on:** April 22, 2020, 01:57:39 AM »

Anyone else bought oxy?

ExGingi · « **Reply #246 on:** April 22, 2020, 06:38:24 AM »

Quote from: Joel2 on April 22, 2020, 01:57:39 AM

Anyone else bought oxy?

At the wrong time.

Lurker · « **Reply #247 on:** April 22, 2020, 08:42:39 AM »

Quote from: Joel2 on April 22, 2020, 01:57:39 AM

Anyone else bought oxy?

My dealer is telling me to invest now, with the Mexican pipelines down and all.

ExGingi · « **Reply #248 on:** April 22, 2020, 11:51:28 AM »

https://twitter.com/biancoresearch/status/1252975652648648704

ExGingi · « **Reply #249 on:** April 28, 2020, 04:14:48 AM »

Fascinating thread. (Language warning).

https://twitter.com/hedgedirty/status/1254767346784313344

shwarmabob · « **Reply #250 on:** April 28, 2020, 04:34:09 PM »

Quote from: CountValentine on April 21, 2020, 10:29:55 AM

What does USO track, futures price?

it's a random number generator

dovy2 · « **Reply #251 on:** May 04, 2020, 07:15:48 PM »

with markets so volatile right now... if anyone is intrested in joining a FB group to discuss all crypto things..
check it out
https://www.facebook.com/groups/2658570547581892/?ref=share

(sorry for cross-posting - it's noigaiah to both threads)

aygart · « **Reply #252 on:** May 15, 2020, 09:40:43 AM »

https://markets.businessinsider.com/commodities/news/negative-oil-prices-caused-trader-buying-25000-oil-barrels-2020-5-1029201266

ExGingi · « **Reply #253 on:** May 24, 2020, 12:06:10 AM »

https://twitter.com/santiagoaufund/status/1264249876201697280

ExGingi · « **Reply #254 on:** May 24, 2020, 04:22:12 PM »

https://twitter.com/SantiagoAuFund/status/1264321668270309376
Interesting thread (click on each of those tweets to read their respective threads).

shnozolla · « **Reply #255 on:** June 23, 2020, 12:52:50 PM »

I want to send a transfer from a bank in Europe to the US (from EUR to USD) what is the best way?

My two options:
1) Using the banks directly, Bank in Europe -> Bank of America (using wire xfer)
2) Using TransferWise.

I have a feeling I will be ripped off using method 1 since bofa doesn't publish their exchange rates and i'll only find out how much i'll receive once it's done.
With TransferWise i'll get an upfront cost and it happens to be one of the lowest in the industry, it's just a bit indirect.

Anyone have experience with Foreign currency incoming wire transfers?

Thanks.

ExGingi · « **Reply #256 on:** June 23, 2020, 01:00:00 PM »

Quote from: shnozolla on June 23, 2020, 12:52:50 PM

I want to send a transfer from a bank in Europe to the US (from EUR to USD) what is the best way?

My two options:
1) Using the banks directly, Bank in Europe -> Bank of America (using wire xfer)
2) Using TransferWise.

I have a feeling I will be ripped off using method 1 since bofa doesn't publish their exchange rates and i'll only find out how much i'll receive once it's done.
With TransferWise i'll get an upfront cost and it happens to be one of the lowest in the industry, it's just a bit indirect.

Anyone have experience with Foreign currency incoming wire transfers?

Thanks.

This is the wrong thread for this. You can find some info in the following threads:

https://forums.dansdeals.com/index.php?topic=80376.0
https://forums.dansdeals.com/index.php?topic=107139.0
https://forums.dansdeals.com/index.php?topic=111776.0
https://forums.dansdeals.com/index.php?topic=107841.0

yos9694 · « **Reply #257 on:** June 25, 2020, 10:52:40 AM »

You forgot the bitcoin thread

ExGingi · « **Reply #258 on:** July 09, 2020, 05:13:06 PM »

https://twitter.com/AndreasSteno/status/1280961391608938496

yos9694 · « **Reply #259 on:** July 09, 2020, 06:09:17 PM »

Quote from: ExGingi on July 09, 2020, 05:13:06 PM

https://twitter.com/AndreasSteno/status/1280961391608938496

Lower for longer is inevitable anyway because it's the only way to prevent US from defaulting