Other Markets
Crude Oil Analysis
June Nymex WTI crude prices are trading around $103.80 this morning in Asia having rallied as high as $104.68 on Friday with equities, but later fell back with some book squaring as the May WTI contract expired to close at $103.88.
Gold Analysis
Spot gold is trading around $1643 in Asia this morning after a somewhat whippy session yesterday that saw a range of $1631.25-1654.00. The metal however remains rangebound in a wider $1610-1680 bracket and has been weighed down in recent sessions as usual physical demand from India has failed to surface despite the impending Akshaya Tritiya […]
Crude Oil Analysis
Nymex June crude oil furtures closed marginally lower yesterday but Asian markets have been steady this morning with WTI holding just above $103.00 after trading a $102.13-103.66 range in Europe and NY to close at $102.72.
Bund Analysis
German government bonds are opening lower Thursday on profit-taking and also ahead of heavy slew of supply this morning from France and Spain for up to E13.5bln. Whilst the market will be focused on the Spanish bond auction, the French auctions have potential to upset, which come at a tricky time ahead of 1st round […]
Gold Analysis
Spot Gold prices slipped off again yesterday and again this morning in Asia. The dip yesterday from highs of $1654.50 to $1638 seen on the back of Spanish debt concerns and a fall in the price of crude oil, where a larger than expected build in crude inventories weighed on prices and dragged the metal […]
Crude Oil Analysis
June Nymex crude prices fell back sharply yesterday amid concerns over Spanish debt and a much larger than forecast increase in crude inventories reported by the EIA in their weekly report. Analysts were looking for a build of around 1.8-2.0 million barrels with the EIA reporting a figure of 3.86mmbls.
USTB Analysis
Treasuries hold near day’s price highs after opening NY higher, 10Y yield is at 1.988%. IN TOKYO, Treasuries traded lower in ranges, light two-way flows described in volume described at around half recent average.
Bund Analysis
German government bonds are trading higher Wednesday on weaker continental European stock bourses and following decent demand at the benchmark 2-year Schatz re-opening auction, albeit two-way flow.
Crude Oil Analysis
Nymex crude prices rallied strongly yesterday the move fuelled by a surge higher in equities, IMF’s upbeat global growth forecasts raised for the first time in over a year, strong Spanish auctions and a robust German ZEW reading.
Gold Analysis
Spot gold had a bit of an indifferent day yesterday which has left the metal lagging the risk appetite seen elsewhere. Equity markets soared following strong Spanish auctions amid improved forecasts for global growth from the IMF. Gold failed to keep up with the rally in US crude, closing fractionally lower on the day around […]
Gold Analysis
Spot gold is trading around $1648.50 in Asia this morning after trading a $1641.40-$1659.50 range yesterday. The metal continues to be range bound with dip buyers surfacing on any falls under $1630 and resistance towards $1680 inducing sellers to emerge.
Crude Oil Analysis
Nymex crude prices had a mixed day yesterday but closed the session higher and Asia this morning has largely maintained the gains with the front month WTI contract trading just under $103.00.