- Gold, Silver and Crude Oil Prices in Asia
September 18 2012 5:42 PM
Bank of America/Merrill Lynch says the recent bond purchasing program announced by the US Federal Reserve should be Bullish for Gold, maintaining its Y 2013 target of 2,000 oz and introducing a new 24-month target at 2,400 oz for the end of Y 2014, according to a research note Tuesday.
Four Signs The Global Economy Is Slowing
September 18 2012 2:46 PM
FedEx's forecast cut, signs of stagnation in Germany, drops in oil price and looming political tensions spell trouble for the global economy.
- Arab Spring and Oil Prices
September 18 2012 10:05 AM
Crude oil prices hit a four-month high this week on the back of rising tensions in the Middle East and North Africa and the unfortunate murder of the U.S. ambassador to Libya. Added impetus on the upside was given to oil by the announcement of more money printing (QE3) by the Federal Reserve which said it would launch an open-ended commitment to purchase $40 billion of mortgage-backed securities monthly.
3 Reports To Shed Light On US Housing Sector
September 18 2012 6:12 AM
Three key U.S. housing reports Wednesday are expected to show small improvements in the market.
- Brent crude dips under $114, focus shifts to China
September 18 2012 4:07 AM
Brent crude slipped under $114 a barrel on Tuesday, adding to steep losses in the previous session, as investors weighed the impact of the Federal Reserve's open ended stimulus push on oil demand and eyed China's next step to boost its economy. Brent crude fell more than $5 a barrel late on Monday in a wave of late, high-volume selling that many traders said appeared to have stemmed from an automated computer trading program. The U.S. Commodity Futures Trading Commission said it was lookin...
- Gold, Silver and Crude Oil Trade
September 17 2012 4:31 PM
US Gold prices finished pit trade lower on profit-taking and consolidation from the gains posted last week. A sharp drop in Crude Oil futures prices the afternoon Monday helped to fuel some selling pressure in Gold and Silver. The precious metals are pausing to refresh, and seeing some chart consolidation following last week's action that saw December Gold Friday tap a 6-month high of 1,780.20. Dec Gold last traded down 11.70 to 1,761.00 oz. Spot Gold was last quoted -11.40 at 1,759.50 oz. De...
Occupy Wall Street Returns To Zuccotti Park, Without Tents
September 17 2012 3:37 PM
Occupy Wall Street returned to the Zuccotti Park in a Monday celebration of the movement's one-year anniversary. And while the occasion was replete with the drums, banners and heated political discussions that pervaded Zuccotti a year ago, it seemed unlikely that another occupation was imminent.
Copper Prices Slip But Remain Near 4 1/2-Month High
September 17 2012 3:19 PM
London copper slipped on Monday, but still retained most of the previous session's steep climb to a 4-1/2 month top as a new round of U.S. monetary stimulus measures and a weak dollar continued to support prices.
- US Jobless Rate is really 16%, not 8.1%
September 17 2012 3:02 PM
The US unemployment rate of 8.1% is probably double that number when you include a all of the other measures of the jobless rate that are not included in the official data. The state of the US labor market is in focus because the US Federal Reserve said last week that until there are significant improvements in the sector, the central bank would continue to buy mortgage and other assets in order to revive economic growth.
Awful 'Empire State' Manufacturing Data from the New York Fed Leaves Markets Unmoved
September 17 2012 12:03 PM
Financial markets yawned Monday in the face of an anemic U.S. manufacturing report from the Federal Reserve Bank of New York that showed industrial production in the Northeast falling to a nearly two-year low.
- Euro Dragged By Spanish Woes, Sterling At Risk Amid Slowing Inflation
September 17 2012 10:56 AM
The Euro slipped to 1.3082 as a report by the Bank of Spain showed households and businesses withdrew EUR 26B in deposits during July, and the ongoing turmoil in the banking system may continue to drag on the exchange rate it raises the threat for a bailout.
- Pre-Opening Corn Market Report for 9/17/2012
September 17 2012 10:38 AM
December corn is trading 14 cents lower near 7:30 am CST and there were 18 September corn deliveries overnight bringing the month-to-date total to 18 contracts. Dalian corn traded 0.7% lower overnight. Most commodity markets were under pressure overnight following the higher trade on Friday. Tensions in the Middle East along with a more cautious mood by investors weighed on markets. The Euro fell against the US Dollar which added to the negative tilt to commodities. Corn was also pressure from a...
- Morning Platinum Market Report 9/17
September 17 2012 10:28 AM
After a strong rally last week, platinum prices overnight have fallen back from Friday's high for the move. Fresh and aggressive easing talk from the Federal Reserve was seen as a major component for last week's rally but the market's main source of support remains the ongoing labor unrest in South Africa.
London Session: Do rising Spanish bond yields threaten EURUSD?
September 17 2012 10:25 AM
The markets are trading with a risk off tone at the start of the week. There are a couple of reasons for this: 1, the extent of the moves last week may justify a pullback at this stage, 2, the focus turns back to growth as we await a plethora of economic data due in the coming days and 3, problems with Spain.
Asian Stocks End Mixed; Shanghai Tumbles 2.14%
September 17 2012 4:57 AM
Asian stock markets ended mixed Monday after they rallied to a four-month high in the previous session following the U.S. Federal Reserve's move to boost growth in the world's largest economy with a third round of bond purchases.
US Stock Futures Signal Lower Open After Rally On Fed Decision
September 17 2012 4:02 AM
The U.S. stock index futures point to a lower open Monday after the rally seen last week following the announcement of the Federal Reserve's plan to buy mortgage securities.
European Markets Fall On Euro Zone Concerns
September 17 2012 3:45 AM
European markets fell Monday as investor sentiment turned negative after fears of the debt crisis affecting the euro zone were revived undermining the optimism over the stimulus measures announced by policymakers to bolster economic growth.
Asian Markets Drop After Last Week?s Rally
September 17 2012 12:04 AM
Most of the Asian markets dropped Monday after the rally last week when investor confidence was buoyed by the optimism that the stimulus measures announced by the central banks in the U.S. and the Europe would help revive the global economic growth momentum.
Occupy Wall Street - Passé Or Canary In A Coal Mine?
September 16 2012 11:32 AM
The Occupy Wall Street protest movement is expected to resume Monday, on the 1-year anniversary of the protests. Is the coalition passé and irrelevant? Or is it a canary in a coalmine - an indicator of worsening economic and social problems in the United States?
Week Ahead: Asian Stock Markets To Be Moderately Bullish
September 16 2012 12:15 AM
Asian stock markets posted their biggest weekly gains in almost nine months after the U.S. Federal Reserve announced that it would purchase $40 billion in mortgage-backed securities per month for an open-ended period until the labor market improved substantially.