June 2010

Crude Oil outlook: Oil rises in Asia on data

US, China, Japan and Australia all had “growth” news and numbers with Australia even mentioning the “I” word. Crude oil NYMEX July futures trading between 74 and 75 per barrel. Goldman cuts its Euro target to 1.15 on anticipated future euro “policy mishaps”. Three economic indicators and two policy rate decisions are due today including:…Read more

Euro outlook – Euro breaks 1.20

Euro breaks the 1.20 barrier to touch 1.1973 in New York at 3 pm on Friday afternoon. The weak job reports kick off the rise in US Treasury prices (drop in yields) and a steep decline in US indexes. In commodities crude oil futures for July deliveries fell by more than 3 dollars to break…Read more