Other Markets
Gold Analysis
Spot gold has been fairly steady in Asia this morning but is struggling to break through yesterday’s $1787.50 highs despite a strong run up in crude oil prices and a resurgent AUD/USD this morning.
Crude Oil Analysis
Nymex April crude prices are holding firm in Asia this morning around $108.50 after a sharp rally yesterday in NY. The move was largely seen as a short squeeze, despite the absence of any further headline news from Iran, and a build in inventories reported by the EIA of 1.63mmbls which was slightly above analysts […]
US Treasuries Analysis
US Treasuries open NY lower after mixed overnight flows heading into today’s 1pm ET US$29B 7Y note auction. In TOKYO, Treasuries moved lower from the start after closing NY Wed higher after reasonably good $35B 5Y note auction.
Bond Analysis
German government bonds trading higher Thursday, amid 2-way flow, with the belly of the yield curve underperforming. Mar Bund futures opened higher amid increased geo-political tensions in the Middle-East and also the continued uncertainty surrounding Greece.
Gold Analysis
Opened in Asia this morning at $1776.45 after hitting 2012 highs of $1781.80 in NY last night. The metal is currently consolidating the strong gains yesterday from lows of $1749.30, and looks set to test the $1800 level despite a small drift lower this morning to $1772.30.
Crude Oil Analysis
Nymex WTI crude prices are holding firm just under $106.00 this morning in Asia after a late rally in NY to $106.72 just ahead of the weekly API release, before closing the day at Y106.28.
Bund Analysis
German government bonds trading higher Wednesday following weaker than expected European flash PMI data and gains in UK Gilts after dovish Bank of England minutes.
Gold Analysis
Spot Gold prices are holding firm in Asia this morning after the metal rose almost $30 yesterday from $1731 to $1760. The metal edged up minutely to $1760.13 in early trade today before easing back to $1754.15, but remains supported by firmer Oil prices, a weaker USD Index and the positive albeit tentative Greek/EU debt […]
Crude Oil Analysis
Nymex crude prices continue to strengthen following the approval of the bailout package for Greece. Asian markets this morning have also helped up well despite some uncertainties arising over the debt deal, but concerns over Middle East tensions and a generally firmer commodity sector are generally helping to underpin the April WTI contract.
Bond Analysis
German government bonds trading higher into the New York session Tuesday as Greece’s second bailout deal failed to convince markets. Whilst the deal averts risk of an early default, with Athens now able to repay its bond redemption for E14.44bln that is due on March 20, markets are seen remaining wary on the implementation risk, […]
Gold Analysis
Spot gold has pushed up sharply in Asia this morning on the back of an agreement at last to the EU/Greek debt deal which has lingered for so long. The metal touched highs of $1742.95 in recent trade after opening the session in Asia at $1735.05.
Crude Oil Analysis
Nymex crude prices were predictably steady yesterday as the market awaited news from the EU/Greece debt deal. April WTI gapped up from Friday’s close to open around $104.35 yesterday and moved higher to $105.78 in thin electronic trading as the Nymex exchange was closed due to the President’s Day holiday in the US.