Other Markets
Grude Oil Analysis
Nymex WTI crude prices are holding firm this morning In Asia after picking up yesterday as a technical glitch forced the Globex to shutdown which prompted traders to switch to the Nymex.
Gold Analysis
Spot gold is heading lower this morning weighed down by fresh Eurozone concerns following rating downgrades by Fitch, Moodys and S&P of a number of sovereign european states. The metal has slipped down through yesterday’s lows of $1716.25 to $1715 this morning after opening the session in Asia at $1722.30.
Bond Analysis
German government bonds trading lower Monday amid-risk-on trades following news that the Greek parliament late Sunday approved an extremely unpopular package of extra austerity measures.
Bond Analysis
German government bonds opening lower Monday after Greece’s parliament late Sunday approved an extremely unpopular package of extra austerity measures. Greek lawmakers approved the new measures by an overwhelming majority: 199 voted in favor of it, versus 74 who voted against it and 5 who cast “present votes.
Gold Analysis
Spot gold prices have recovered marginally this morning Asia after dipping on Friday to $1704.65 in NY. The pair did however manage to close at $1722(above the $1710 level which analysts point to as pivotal for the uptrend to continue) and has risen again this morning on the back of an higher EUR/USD and oil […]
Crude Oil Analysis
Nymex WTI crude prices are edging higher this morning in tandem with the rise in the EUR/USD following the passing of the Greek austerity measures in parliament overnight. The March contract closed in NY on Friday at $98.67 after lows of $97.32 and has risen to $99.65 in Asia this morning.
Bond Analysis
German government bonds trading sharply higher Friday following comments from the leader of Greek LAOS party, Giorgos Karatzaferis, who said his party members won’t vote for the new rescue plan. Mar Bund futures opened higher amid risk-off trades after the EU rejection of the Greek bailout agreement.
Gold Analysis
Spot gold prices have fallen Friday, moving in tandem with a weaker euro, after the EU rejected the proposed Greek bailout deal. The continuing Greek uncertainty has seen risk assets correct lower so far Friday, with spot gold currently trading just above session lows at $1717.93, down $11.47.
Bond Analysis
German government bonds opening higher Friday, amid fade in risk-appetite as final approval on Greece bailout funds now turns cautious. EU sources told MNI that 10 member states of the Eurozone are reluctant to approve a second rescue package for Greece amid doubt that Athens will be able to implement the measures it has agreed […]
Crude Oil Analysis
Crude oil prices were generally firmer yesterday as WTI gained on hopes that the Greek bailout saga was finally coming to conclusion and the ICE Brent contract on increasing tensions in the Middle East.
Crude Oil Analysis
Crude-oil futures rose Thursday after Greece agreed to an austerity package that would reduce concerns about the euro zone’s debt crisis. Crude prices were also helped by positive developments in the U.S., where a drop in weekly jobless claims boosted hopes that the economy of the world’s biggest oil consumer was on a recovery path.
Gold Analysis
Spot gold prices are trading around unchanged levels Thursday, after prices declined sharply during yesterday afternoon’s session. Strong resistance was seen around the $1750 level and prices never recovered. $1725 provided an area of support on two separate occasions, once after the European equity cash closes and then again during Asian trading hours, with the […]