During this morning’s session crude oil futures prices are trading above $84.73/bbl in electronic trading. Most of the Asian equities are up near 1 percent on speculation of positive expectation from ease of debt crisis in Euro-zone. Most importantly, market will be eyeing on G-7 meet, where sign of heightened global alarm about strains in […]
Crude Oil and the current EU Crisis Read More »
On Monday, London markets were closed. However, even with no UK economic news on the screens, trading in the EUR/GBP cross rate was quite interesting. The pair was seen in the high 0.80 area during the morning session in Europe. A new up leg in the euro during the US trading hours also pushed EUR/GBP
A Fundamental and Technical Look at the EUR/GBP Read More »
European markets will lead global influences again on four main counts. First, German releases could be the most important development in the eurozone as consensus expects each of factory orders, industrial production and exports to take a step backward from solid gains the prior month. If correct, then that would stoke renewed fears about the
Market Review June 5 2012 Read More »
Gold futures prices would have taken a pause at the Globex skidding 0.28% from the weekly closing while, the Asian shares slid as investors gathered worries from the terrible jobs data released last Friday, and a weak Chinese PMI pressurized the stocks in early morning. Euro as well knocked down once again against the dollar
Gold Shines Once Again Read More »
Treasury yields hit their lowest in hundreds of years and global stocks dropped towards 2012 lows on Friday, as investors scrambled for lifelines on worries about Spain’s parlous finances and China’s growth outlook. US stock index futures fell sharply as job growth in May was the weakest in a year and employers added far fewer
Monday Morning Around the Globe Read More »
During early Asian session crude oil futures prices are hovering below $86.20/bbl with fall of more than 0.30 percent in electronic platform. Oil price are under pressure on concern from major oil consuming nation like China. PMI manufacturing index for the month of May declined more than estimates and prior month levels. Likewise, contraction in
Crude Oil kicks of June Read More »
Bonds continued their march to lower yields today. US 10’s now yield 1.56%, UK 10’s yield 1.56%, German 10’s yield 1.2%… and Spanish 10’s yield 6.5%. The extent to which European capital is cycling out of Spanish (and to a lesser extent Italian) paper and into German paper is extreme. German bonds that traded with
Market Review June 1 2012 Read More »
Gold traded little changed after bouncing from a key support level at $1,530 announce in the previous session, as investors remained focused on Spain’s struggle with its finances and frail banking sector. Spot gold lost more than 6 percent on the month. Spot Gold is currently trading at $1561.60. Comex Silver is currently trading at
Energy and Metal Review Read More »
Gold futures prices have climbed today as Greece’s pro-bailout party leads the poll ahead of June election raising hopes of Greece remaining under the Euro area. The Euro however knocked down once again near a two year low against the dollar after the Spanish bond yield shored to 6.53% (10-year bond) and thereby driving the
Gold and Silver the News Flow from the EU Read More »
This week, trading in the EUR/GBP cross rate developed also in thin market conditions. The intra-day trading pattern was more or less similar to what happened in the EUR/USD headline pair. EUR/GBP reached an intraday top in the 0.8035/40 area. However, the pair was unable to regain Friday’s top. This suggested that the move had
The EUR/GBP Technically Speaking Read More »
