Other Markets
BUND ANALYSIS
Bunds and gilts may start mixed or a little higher Monday as investors remain in cautious gear ahead of the meeting between Merkel and Sarkozy amid more concern about the eurozone’s viability.
CRUDE OIL ANALYSIS
Nymex February WTI Crude closed marginally higher on Friday in mixed trading. The contract opened at $101.35 and headed higher in the morning to $102.80 before strong US NFP data led a sharp fall back to $100.88.
BUND ANALYSIS
After a busy start to the new year, the European primary bond market was quiet Friday with most of Europe on holiday. The cost of insuring European corporate and sovereign debt was mixed as investors remain nervous about the euro zone crisis.
CRUDE OIL ANALYSIS
Crude futures lost early gains Friday, turning lower as equities markets fell. The decline reversed a price surge spurred by government data showing U.S. job growth accelerated in December. Light, sweet crude for February delivery recently traded 62 cents, or 0.6%, lower at $101.19 a barrel on the New York Mercantile Exchange after trading as […]
CRUDE OIL ANALYSIS
Nymex Crude Oil is likely to consolidate with risks skewed to the downside after failing Thursday to break resistance at Wednesday’s nearly eight-month high of $103.74/bbl before settling down $1.41 at $101.81/bbl, Dow Jones technical analysis shows.
GOLD ANALYSIS
Precious metals are trading mixed with gold edging a touch higher in early Asian session. Some market participants say that Gold is finally breaking away from the correlation that has kept it trading in step with risk assets in recent months.
CRUDE OIL Analysis
Crude Oil futures prices slumped below $102 a barrel Thursday after news that U.S. oil inventories rose last week amid weak demand. The Energy Information Administration said crude oil stocks rose 2.2 million barrels in the week ended Dec. 30, while analysts expected a drop of 900,000 barrels. Gasoline stocks rose 2.479 million barrels, more […]
BUND Analysis
German government bonds are opening lower Thursday, with yield curve extending its steepening move ahead of a heavy supply from France for up to E8.0bln. However, whilst the benchmark 10-year Bund holds below 2.00% yield, the outlook remains constructive given the ongoing eurozone sovereign debt crisis, which isn’t showing any signs of ending any time […]
GOLD Analysis
Spot gold prices benefitted from resilient oil prices despite a fall in equities with safe-haven attraction re-emerging into a shaky market as the euro’s brief new year rally ground to a halt. Concerns over Spanish debt and Unicredit shares plummeting around 10% all added to risk aversion despite ECB buying peripheral bonds through the SMP.
Crude Oil Analysis
Nymex Crude oil remained firm on Wednesday after initially posting a strong rally in the NY session to $103.74 despite falls in the S&P. The move was buoyed by a resurgence of safe-haven demand in Gold which headed higher to $1618.75 over Iranian/US sabre rattling, and a Moody’s overview of Oil and gas for 2012 […]
Gold Analysis
Precious metals are trading mixed early in Asian trade, with Gold edging lower. The Gold closed higher Wednesday, despite a stronger USD, as investors were attracted by its safe-harbor allure following reports of European Union countries agreeing in principle to launch an oil embargo on Iran.
CRUDE OIL ANALYSIS
Crude Oil prices spiked in mid-morning trading to their highest level in nearly eight months on reports that European Union officials agreed in principal to an embargo on Iranian oil imports, but fell back on an apparent lack of concrete details.