Other Markets
Gold Analysis
Spot Gold is consolidating Friday’s gains trading having closed in NY around $1662. This morning saw a blip higher with early EUR/USD strength in reaction to an article in Der Spiegel that Germany may relax its resistance to a firewall increase in the ESM/EFSF.
Crude Oil Analysis
Nymex May WTI crude prices have slipped back in Asian at the start of the new week, having spiked in NY on Friday on news that Iranian oil exports had fallen by 300k barrels a day according to a report from Geneva based tanker tracker Petrologistics.
Gold Analysis
Spot gold prices took a sharp dive lower yesterday following broad based risk aversion led by weak PMI data from China and Europe. The commodity sector and equities were all hit hard as fears of weaker growth across Asia and Europe ended the recent rallys.
Crude Oil Analysis
Nymex May WTI crude prices are holding steady around $105.50 in Asia this morning having falling back yesterday to lows of $104.50 in a risk -off market led by weaker PMI data from China and then Europe. The commodity sector pared back recent gains as did equities which prompted the sharp falls from early Asian […]
Gold Analysis
Spot gold is holding steady around $1650 this morning but off early highs in Asia of $1656.50 after a weaker than expected Chinese PMI release , which saw aussie-dollar kicked sharply lower on fears of a slowdown in the Chinese economy.
Crude Oil Analysis
Nymex Crude prices have eased back this morning in Asia after rising yesterday on the back of a surprise draw in domestic crude inventories. The EIA reported a draw of 1.16 million barrels for the latest reporting week which was in sharp contrast to analysts expectations of a 2 million barrel build.
Crude Oil Analysis
Nymex crude prices are attempting to rally this morning in Asia with the May contract up around $106.50 after closing yesterday at $106.07. The contract fell back from highs of $108.37 early yesterday as the EUR/USD and equities were driven lower following a collapse in the AUD/USD on comments from BHP that demand for Australian […]
Bonds Analysis
German government bonds are trading higher Tuesday, taking cue from weakness in stocks and unsubstantiated market talk relating to ‘large demonstrations’ and ‘unusual troop movements’ in Beijing. The talk is a military coup has taken place and is largely on microblogs in mainland China.
Gold Analysis
Spot gold prices have slipped back in Asia this morning after making modest gains yesterday on the back of further profit taking in the USD. The metal has fallen back this morning $1664.65 to $1654.85 in recent trade having rallied to just short of $1670 in NY last night.
Crude Oil Analysis
Nymex crude prices picked up again yesterday extending Friday’s gains as equities rallied and the dollar weakened in a run of stop hunting, that led a sharp recovery in EUR/USD. On going concerns over supply disruption of oil from Iran is also favouring higher prices.
Crude Oil Analysis
Nymex crude prices for May delivery are holding firm in Asia this morning in consolidation of Friday’s sharp rally provoked by poor US CPI data and some profit taking as the dollar took a beating into the close. The move was also heightened by traders seeing high fuel demand as Saudi Arabian crude output rises.
Gold Analysis
Spot gold prices are firmer this morning in Asia having recovered from the lows seen on Wednesday of $1634.60. A recovery in the EUR/USD as US treasuries rallied has also helped lift the metal which posted highs of $1666.70 in NY yesterday, but latest data out of the US continues to point to a more […]