Other Markets
Bond Analysis
German government bonds trading lower Friday amid optimism that the second Greek bailout package will be approved on Monday. Mar Bunds opened lower as risk-appetite improved with stocks higher after MNI flash China survey.
Bond Analysis
German government bonds are opening lower Friday amid optimism that the second Greek bailout package will be approved on Monday. Risk-on sentiment returned late Thursday session on press speculation that the finishing touches are being made to Greece’s second bailout package and approval from eurozone finance ministers is likely at meeting on Monday.
Gold Analysis
Spot gold prices have built steadily higher in Asia this morning having been as low as $1705.40 in NY yesterday. The metal has pulled away from the “drop zone” at $1700 when solid support arrived towards last Friday’s lows of $1704.70.
Crude Oil Analysis
Nymex crude prices crept higher yesterday and have consolidated gains overnight in Asia as risk appetite returns on hopes that the Greek bailout will be agreed by the EU on Monday.
Gold Analysis
Spot gold has headed down in Asia this morning weighed by ongoing Greek debt concerns, Moody’s announcement that it was reviewing 17 major global banks, weaker equities and a general risk off sentiment following last nights dovish FOMC minutes.
Crude Oil Analysis
Nymex crude prices continue to build higher with the March US WTI contract holding firmly above the $100 level for a third consecutive close. Asian markets have seen some slippage this morning as the EUR/USD and equity markets slip back on Greek concerns, dovish FOMC minutes last night, and this morning announcement that Moody’s was […]
Crude Oil Analysis
Oil futures held onto early gains Wednesday after a government report showed a small decline in U.S. crude stockpiles. Light, sweet crude for March delivery rose 64 cents, or 0.7%, to $101.38 a barrel on the New York Mercantile Exchange.
Bond Analysis
German government bonds trading moderately higher Wednesday having recovered opening weakness amid caution over a Greek debt/bailout deal. News that today’s Eurogroup meeting will now be done via teleconference, and comments from Greek FinMin saying “there are still outstanding issues to be addressed”, suggests any decision on the second Greek aid package will be deferred […]
Bond Analysis
German government bonds opening lower Wednesday, but off their worst levels amid caution over a Greek debt/bailout deal. Risk-on sentiment waned after news that the emergency meeting of EU finance ministers to review Greece’s bailout plan has been called off & replaced by a teleconference because more “technical work” was needed between the Greek government […]
Gold Analysis
Spot gold is heading higher this morning on the back of some improved risk appetite following comments in the Asian session from China’s PBOC’s Zhou. The metal appears to be consolidating support around $1712/13, but remains relatively tightly range bound between there and $1733 which is just above the 14 day MA at $1732.10.
Crude Oil Analysis
Nymex WTI crude prices have leapt higher in Asia this morning on the back of improved risk appetite following comments from China PBOC’s Zhou who pledged support for the EU by increasing its holdings in Euro and expanding investment in Europe.
Bond Analysis
German government bonds trading lower Tuesday following release of much stronger than expected German ZEW business sentiment survey. Mar Bund futures opened higher on a risk-aversion bid after Moody’s late yesterday downgraded six eurozone countries and as concerns grow over Greece’s PSI deal.