-
Apr 11, 12 •
2542 Views •
Market Commentaries •
admin
Comments Off on Forex And Commodity Roundup
European markets traded higher today after Alcoa (AA), the country’s largest aluminium Producer, posted an unexpected first quarter profit after orders increased. Alcoa climbed 6.2 percent in pre-market New York trading as aluminium climbed 1 percent from a...
-
Apr 10, 12 •
5535 Views •
Market Commentaries •
admin
Comments Off on China, Crude And The GCC
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...
-
Apr 10, 12 •
3300 Views •
Market Commentaries •
admin
Comments Off on Crude Oil And Speculators Hamper Economic Recovery
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...
-
Apr 5, 12 •
4933 Views •
Market Commentaries •
admin
Comments Off on OECD Says Britain Back In Recession
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...
-
Apr 4, 12 •
4510 Views •
Market Commentaries •
admin
Comments Off on Notes From My Desk April 4 2012
As I research each day, I copy or jot down items that I find about currencies, economic indicators, reports and news, so at the end of the day when I have to start to do my fundamental analysis for each of the major currency pairs and several commodities I...
-
Apr 3, 12 •
5773 Views •
Market Commentaries •
admin
2 Comments
Gold futures are likely to edge higher this week in low volume trade, helped by a weaker dollar overseas, though prices could be weighed by poor demand as jewelers’ continue their protest against levies. A director at Commtrendz Research commented: The...
-
Apr 3, 12 •
3837 Views •
Market Commentaries •
admin
Comments Off on OPEC March Figures Support Increased Production
Organization of Petroleum Exporting Countries (OPEC) oil output rose in March to its highest since October 2008 as higher supply from Iraq and further recovery in Libya’s production offset a drop in shipments from Iran. Supply from the 12 members of the...
-
Apr 2, 12 •
4815 Views •
Market Commentaries •
admin
Comments Off on It’s All About Jobs In The US This Week
Despite the holiday-shortened week in the euro area, US markets remain open on Good Friday and even the payrolls are scheduled for Friday. Ahead of the payrolls, we will receive the non-manufacturing ISM, the ADP report, factory orders and weekly claims....
-
Apr 2, 12 •
8760 Views •
Market Commentaries •
admin
Comments Off on A New Chinese Currency Initiative
In 2009, the People’s Bank of China used Shanghai to kick off a trial program to permit Chinese companies to settle cross-border trade in yuan—which has now expanded to include the rest of the country. Once again a new trial program will be launched...
-
Mar 30, 12 •
4202 Views •
Market Commentaries •
admin
Comments Off on Weekly Review Of The EUR/USD
The EUR/USD extended the downward correction that started earlier this week. The move was to a large extent inspired by end of quarter repositioning. Negative headlines on the European economy and risk-off sentiment on the equity markets were no help. And of...
