Over the past year, oil prices rose considerably in reaction to the Arab spring, reaching close to $126 per barrel in last April at the peak of the Libyan crisis. Since then, prices have not returned to the moderate levels of 2010, when the average price for the year was around $80 per barrel. Instead, […]
China, Crude And The GCC Read More »
Just a year or so ago, when brokers and economists were pointing that we might be facing $100.00 oil prices, everyone shook their heads and laughed. Sure oil surged up to hit $100.00 now and then but quickly fell again. With the world in recession, demand falling, consumer spending down, manufacturing collapsing, if supply and
Crude Oil And Speculators Hamper Economic Recovery Read More »
Gold prices have risen as traders speculated that last week’s US unemployment report increased the likelihood that the Federal Reserve would maintain its accommodative policy to boost the economy. The heaviest traded contract, for June delivery, rose $US 13.80, or 0.9 per cent, to close on Monday at $US 1,643.90 a troy ounce. Markets remained
Quantitative Easing The Fantasy Of Gold Speculators Read More »
Euro Dollar USD – U.S. Federal Reserve Beige Book, the Fed’s official assessment on economic conditions in the 12 Federal Reserve districts. Released exactly two weeks before the Fed’s next monetary policy meeting on April 24-25, the Beige Book report should confirm the signs of consistent improvement in the U.S. economy, lessening the likelihood of
Market Review April 10 2012 Read More »
Gold gained more than 1/2% on Monday after disappointing and confusing US jobs data revived hopes for further monetary easing, while appetite for the metal was also boosted as China inflation spiked. China’s inflation edged up in March as the government shifted focus from containing politically dangerous price rises to stimulating its slowing economy. The
Gold Continues To Shine On Back Of QEIII Read More »
Stock exchanges dropped at the start of trading on Monday, as traders finally had a chance to react to Friday’s disappointing and confusing jobs report. The major indices showed substantial moves to the downside, pulling back further off their recent highs. The Dow is down 140.39 points or 1.1 percent at 12,919.75, the Nasdaq is
Monday Blues For The US Read More »
Euro Dollar The EUR will enter a renewed weakening phase as sizeable debt refinancing activity and alarming structural unemployment limits the euro zone’s ability to transition to a sustainable growth path following this year’s expected recession. Meanwhile, the GBP offer a relatively positive outlook. The European “firewall”, though somewhat disappointing, has received agreement from major
Market Review April 9 2012 Read More »
Remember April 6, 2012 is a holiday and most markets are closed. The US will release the Non Farms Payroll report on Friday. Many markets are closed on Monday also. Trading volume will be light today and on Monday. Euro Dollar USD- U.S. Non-Farm Payrolls and Employment Situation, the main indicator of U.S. economic health
Market Review April 6 2012 Read More »
The Bank of England today voted to keep its key interest rate at a 0.50% and to maintain its economic stimulus program amid mixed signals for the British economy. Lately economic data from the UK has been hit or miss and very hard to interpret, making no clear economic picture, current accounts are down, PMI
OECD Says Britain Back In Recession Read More »
Gold has plunged to its lowest level in three months. Gold fell almost $US58 to $US1, 614 per ounce on Wednesday. It has declined 15% since September 2011, when it hit a peak of $US1, 907 The tumble brought a nasty day to the stock market – the Dow Jones industrial average lost 125 points.
Gold Price Plunges To Reality Read More »
