Other Markets
Gold Analysis
Spot gold prices are trading little changed Monday, with prices currently seen trading at $1665. The precious metal remains near its 2-week high on prospects of more safe haven support, after prices advanced strongly during Friday’s session to trade up to an intra-day high of $1667, as risk assets staged a rally during the U.S. […]
Crude Oil Analysis
June Nymex crude oil prices are currently trading $104.83, down 10 cents on the session, with the market observed in a tight trading range as parts of Asia are absent due to a public holiday.
Crude Oil Analysis
June Nymex crude oil prices are trading $103.95 Friday, down 60 cents on the session. Oil fell from its highest level posted in nearly four weeks after a Standard & Poor’s decision to cut Spain’s credit rating renewed fears over the status of Europe’s faltering economy and, in turn, curb fuel demand.
Crude Oil Analysis
June Nymex crude oil prices are trading steadily at $104.41 a barrel Thursday, supported by a move higher in equities, after the U.S. Federal Reserve’s meeting on interest rates offered up few surprises.
Gold Analysis
Spot gold prices are trading modestly higher Thursday, after the U.S. Federal Reserve’s meeting revealed no real surprises. Fed chairman Ben Bernanke said U.S. monetary policy was “more or less in the right place” even though the central bank would not hesitate to unleash another wave of bond purchases if the economy were to additionally […]
Bonds Analysis
German government bonds are opening higher Thursday following dovish comments from Fed Chairman Ben Bernanke at the FOMC news conference, which outweighed impact of the hawkish Fed projections.
Bond Analysis
German government bonds are opening lower Wednesday ahead of the new 30-year Bund auction for E3.0bln. Volumes are seen light as players await the FOMC meeting outcome and press conference with Federal Reserve Chairman Ben Bernanke later this session.
Gold Analysis
Spot gold is trading around $1642 this morning Asia after another strong rally yesterday lifted the metal from $1634.15 to $1649.40 on the back of rising equities and strong earnings from US companies including Apple.
Crude Oil Analysis
June Nymex crude oil prices edged higher yesterday in tandem with equity markets trading up to $104.10 from earlier lows of $102.79 and closing at $103.55, some 45cents up from opening levels.
USTB Analysis
US Treasuries open NY higher, 10Y yield is 1.924%, vs. 1.97% 3pm last Fri, amid European stocks weakness, higher Bunds. IN TOKYO, Treasuries saw gains amid safe-haven buying as core EGBS boosted by weakness in EGB peripheral debt. Asian buy-and-hold accounts bought US 10-year notes.
Bond Analysis
German government bonds are trading higher Monday with the benchmark 10-year Bund yield hitting fresh record low at 1.666% after weak eurozone PMI data and flight-to-quality buying amid weak stocks and political uncertainty in France and the Netherlands.
Gold Analysis
Spot gold is trading around $1542.50 in Asia this morning after a relatively flat end to last week with the metal trading a $1638.65-1647.35 range on Friday. There is little to stimulate direction at the moment with little of note from the G20 at the weekend as trader’s now look towards the forthcoming Fed statement.