Gold prices fell on Tuesday 10th July 2012 due to a high dollar rate which was in demand by investors who were shaky about global economic prospects. This demand for dollar led to euro falling against dollar to the lowest levels in two years. Investors’ worries were heightened by China releasing weaker than expected imports…Read more
Jawwad Farid
EU debt zone causing bad news elsewhere
This time it was the US data on Manufacturing that fell; and that too for the first time in about 3 years. Recently weak data has been appearing on the statistics bulletin for both Asia and Europe, suggesting that the EU debt crisis is causing global economy to slow down. This helped in raising the…Read more
The twist of ‘Operation Twist’
Crude oil prices hit an 8.5 month low and gold lowered in price as well. Silver also followed the downturn. The FMOC meeting results were anticipated but they turned out to be a disappointment. Fed did not issue third quantitative easing under the program ‘Operation Twist’. Then during the night China announced weaker manufacturing data…Read more
The FED awaits
Gold prices fell today after eight continuous days of increase in price. This is attributed to buyers keeping their fingers crossed for the upcoming Fed meeting which will decide whether to have another round of quantitative easing or not. Also Tuesday saw Spain paying a record price to sell its short term debt which showed…Read more
SLIGHT REBOUND IN THE MARKET
Gold gained in price after expectations that Fed will do more to encourage growth, increasing demand for gold as inflation-hedge. Silver also rose due to the same reason. The euro to dollar is continuing its bearish trend due to the renewed possibility of Greece for asking for a third bailout. Cyprus is also expected to…Read more
PESSIMISM REIGNS OVER THE MARKET
Investors were expecting the Fed to announce a fresh quantitative easing especially after recent U.S employment data showed a fragile market. However Fed Chairman gave no such indication which led to pessimism in the market for Gold causing its price to decline. Silver on the other hand rose by 2.9%. The euro to dollar fell…Read more
EDGY INVESTMENTS: Awaiting Iran talks
Given the current bearish trend, welcome news for the bulls finally arrived. Prices rose after seven days as China pledged to boost its economy. There are crucial upcoming events that will decide the future oil price. The foremost is talks with Iran this week over its nuclear program. The issue of weekly petroleum inventory on…Read more
And the EU pot continues to boil
Florence Tan reports from Reuters that oil is headed for a fall for a straight drop continuously in three weeks. This is attributed to the worsening EU crisis in managing the sovereign debt and a slowdown depicted in US economic data. First there is the political chaos following the elections in Greece and secondly, Spain…Read more
CRUDE OIL PRICE OUTLOOK- Bearish Trend and Rogue Trading
Oil is continuing its downward trend as more bearish news continues to surface. Today media pinpointed the following issues: Reuters reports that Brent crude slipped below $112 today as traders focused on the negatives. Greece talks to form a coalition failed which is causing political indecisiveness across the region. Germany, the largest economy in EU…Read more
CRUDE OIL PRICE OUTLOOK- Disappointing Chinese Demand
The much anticipated data on Chinese demand went out on Thursday and now markets are reacting to it. US crude oil supplies are also reaching ever-higher levels and the outcome from the elections in France and Greece to the sovereign debt crisis is highlighted in the following media updates today: Mark Shenk of Bloomberg reports…Read more