Manufacturing
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Four Signs The Global Economy Is SlowingSeptember 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.
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Post-Convention Bytes: The 2012 Presidential Election And The Obama/Romney DivideSeptember 18 2012 12:08 PM
In former President Bill Clinton?s 21st-century rendering of the American Dream presented at the 2012 Democratic Convention, prosperity comes by means of ?a nation of shared opportunities, shared responsibilities, shared prosperity, a shared sense of community.?
- Investors Turn Cautious as Uncertainties Remain in the Eurozone
September 18 2012 4:02 AM
Crude oil prices slumped on Monday on profit-taking. The surprising decline of almost US$5 in just a few minutes on very high volume triggered the CFTC to investigate the case with the CME. The front-month contract for WTI crude oil slipped to as low as 94.65 before ending the day at 96.62, down -2.40%, while the equivalent Brent crude contract plunged to a 6-week low of 111.5 before settling at 113.79, down -2.66%. Gold also faced profit-taking and USD's recovery, sending the Comex benchmark...
- 18/9/2012 - The Current Market Sentiment
September 18 2012 3:41 AM
The single currency could make another jump yesterday reaching 1.3170 but it could not get over its previous resisting level at 1.318 and it is now trading below 1.31 not away from being exposed to a profit taken wave after its recent strong rally while the worries about the EU debt crisis can rise again weighing down on it after it could take its breathe over 1.30 psychological versus the greenback after diving below it had started in the middle of last May reaching 1.2041 on 24th of last July ...
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A$ leads risk currency decline; greenback shows signs of life after Fed-induced slideSeptember 17 2012 10:19 PM
After last week's Fed-induced fire sale, the US dollar went on the offensive overnight with series of factors providing a reprieve of sorts for the out-of-form safe haven.
- Asian Shares Slip After Fed-Inspired Rally
September 17 2012 9:37 PM
Asian shares retreated from four-month highs Tuesday as markets paused from last week's rallies, calculating the impact on growth from the Federal Reserve's aggressive stimulus and eyeing whether Spain will request a bailout to ease its fiscal strains.
- 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...
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Copper Prices Slip But Remain Near 4 1/2-Month HighSeptember 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.
- Daily Summary on USD, EUR, GBP, JPY, AUD, CAD and RMB
September 17 2012 2:00 PM
The dollar this morning, with the dollar index remaining below the key 80.0 level for a fifth?straight day. While stocks and commodities have begun the week in the red as investors remain skeptical about the health of the US economic recovery, the Fed's plan to buy mortgage?backed securities and far?dated Treasuries is sapping demand for the dollar's relative safety. However, the initial negative impact of QE3 on the dollar may be already be lessening as the ongoing debt crisis in Europe ...
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GE And ING Seek To Flee A Recovering ThailandSeptember 17 2012 12:49 PM
General Electric Co. (NYSE: GE) and ING Groep NV (NYSE: ING) may sell their stakes in two Thailand banks, but their message to Asia's 11th largest economy could very well be, "It's not you, it's us."
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Awful 'Empire State' Manufacturing Data from the New York Fed Leaves Markets UnmovedSeptember 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 Soy Complex Market Report 9/17
September 17 2012 10:39 AM
November soybeans are trading 29 cents lower near 7:30 am cst. Soybean meal and oil are also trading sharply lower. The Malaysian Palm Oil market was closed for holiday but it is being reported that Malaysian palm oil exports for September 1-15 rose by 12.1% to 680,112 tonnes from 606,449 tonnes for the same period in August. China soybeans were down 1.3% overnight. There were 76 soybean deliveries and 5 soybean meal deliveries after the close Friday. There were also 249 soybean oil deliveries b...
- Morning Silver Market Report
September 17 2012 10:30 AM
December silver futures overnight have started out on a weaker footing, after a rather stellar run up last week. Perhaps silver was indirectly undermined by a minor silver price forecast reduction from a major European bank overnight or perhaps silver was simply put off balance as a result of adverse outside market action. In fact, weaker global equities, weaker energy prices and adverse currency market action has probably prompted some profit taking in December silver after last week's low t...
- Morning Gold Market Report 9/17
September 17 2012 10:29 AM
While December gold managed to climb to the highest level since late February last week, in the wake of the aggressive easing talk from the US Fed, gold prices this morning have started out on a back foot. Tensions in China, an increase in Indian diesel fuel prices late last week, weak equities and a stronger Dollar have given the bear camp a minor edge to start the new trading week. However, aggressive promises from the US Fed and signs of positive reforms in India ahead could serve to underpin...
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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.
- The Energy Report - Morally Hazardous
September 17 2012 8:28 AM
In the aftermath of all of the market euphoria after QE 3D It seems that already governments are using the stimulus as an excuse to not face the tough questions that really face them. While it was not likely ahead of a major Presidential in the United States it was not likely that congress would have all of a sudden found fiscal religion it seems that in China and Europe they are using QE 3D as an excuse to not make the hard choices that deep down everyone knows that eventually we will have to ...
- Obama To File WTO Complaints Against China
September 17 2012 8:12 AM
The Obama administration will file a World Trade Organization complaints against China, charging the nation's government with illegally subsidizing its exports of cars and car parts and imposing unfair dutiets on U.S. auto exports, according to a published report Monday.
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Obama To Move WTO Against China On Unfair Trade PracticesSeptember 17 2012 5:18 AM
President Barack Obama will launch a trade suit against China alleging unfair trade practices by the Chinese government to benefit its auto industry, an U.S administration official said on Monday.
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RBI Holds Repo Rate Despite 'Big Bang' ReformsSeptember 17 2012 5:03 AM
The Reserve Bank of India (RBI) left interest rates unchanged but cut the cash reserve ratio for banks on Monday, disappointing market hopes that it would follow up the government's unexpected spate of bold reform measures by reducing borrowing costs.
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