-
Jun 25, 12 •
3348 Views •
Market Commentaries •
admin
Comments Off on Energy Update
During early Asian session, oil futures prices are trading above $80/bbl with marginal gain of 0.30 in electronic platform. As per National Hurricane Centre, US tropical storm Debby formed on yesterday in Gulf area is slowly dissipating. Currently 50 knots...
-
Jun 25, 12 •
5813 Views •
Market Commentaries •
admin
Comments Off on Before the EU Summit Greece Makes its Demands Public
The Greek government made its re-negotiation platform (for talks with the Troika) public. They ask to extend the deadline for meeting the fiscal criteria by 2 years. They also want to scrap plans to cut 150K public sector jobs, repeal the 22% cut in the...
-
Jun 22, 12 •
4165 Views •
Market Commentaries •
admin
Comments Off on Event Risk for the EUR/USD Today
Overnight, Asian equities are also in the red, but the losses are not really excessive, given the sharp loss in the US yesterday evening. EUR/USD holding near yesterday’s closing levels in the mid 1.25 area. Today, there are no important eco data in the US....
-
Jun 21, 12 •
4468 Views •
Market Commentaries •
admin
Comments Off on Crude Oil Tumbles On Fed Statements
Disappointment with the Fed decision yesterday weights heavily on Crude Oil. Crude has dropped to 80.39 and looks to break under the 80 price level. Not only did the Fed only do the bear minimum yesterday, by extending Operation Twist, they revised growth...
-
Jun 19, 12 •
4189 Views •
Market Commentaries •
admin
Comments Off on Metals and Energy React to Heightened Market Worries
Equities are trading down following the increased risk from Europe to control the rising debt concerns. World leaders pressured Europe at the Group of 20 Nations Summit on Monday to take ambitious new steps to resolve its debt crisis while China has...
-
Jun 18, 12 •
4811 Views •
Market Commentaries •
admin
Comments Off on Greece – Gas and Oil Survive
Today is a very crucial day forglobal financial market, as the whole globe is waiting for the Greece election result. As of now, with 37.4 percent of the vote counted, official results showed the conservative New Democracy with 30.5 percent of the vote,...
-
Jun 15, 12 •
2778 Views •
Market Commentaries •
admin
Comments Off on Crude Oil after the OPEC meetings
During early Asian session, oil futures prices are trading above $84.50/bbl with gain of almost 0.90 percent from yesterday’s closing. Positive trend in oil prices is seen driven by both fundamental and economic stimulus in the market. That said, the lower...
-
Jun 14, 12 •
4579 Views •
Market Commentaries •
admin
Comments Off on OPEC Ministers Look at Production and Price of Crude Oil
Crude oil fell on Wednesday ahead of an OPEC policy meeting expected to leave the group’s production target unchanged, while weak economic data added to the bearish sentiment. Japan’s parliament is set to pass a special bill on Friday to allow it...
-
Jun 13, 12 •
2437 Views •
Market Commentaries •
admin
Comments Off on Energy in the Morning
During early Asian session, oil prices are seen hovering near $83/bbl with fall of more than 0.40 percent from yesterday’s closing. Ahead of OPEC meeting today oil prices have come under pressure with the question of rising, cutting or keeping the...
-
Jun 12, 12 •
2656 Views •
Market Commentaries •
admin
Comments Off on Investors Fears and Worries Remain
The Spanish bank bail-out agreement reached over the weekend didn’t really ease fears over the ongoing euro crisis less than a week from all-important Greek elections. On the contrary, the relief rally was over when the market started trading in Europe. No...
