Archive for June 20th, 2012European Markets Summary
Posted Jun 20 2012
London Stocks Close Higher On QE Hopes FTSE 100 ends 0.6% higher at 5622.29. “The FTSE has been boosted once again by the prospect of further stimulus from central banks across the globe as the latest minutes from the Bank of England all but confirmed we’ll see another round of QE next month from them,” says Capital Spreads. Continue Reading… Commodity Briefing: Are mining equities warning of an imminent sell-off in base metals prices?
Posted Jun 20 2012
Focus: Are mining equities warning of an imminent sell-off in base metals prices? Oil: Crude oil markets continue to trade on macroeconomic sentiment, with Europe and US policy in focus. Continue Reading… Soybeans Market Analysis
Posted Jun 20 2012
July soybeans were trading 3 cents lower near 7:30 cst and the market is already up as much as 81 cents from Friday’s lows. China futures closed 0.7% higher overnight while Malaysia palm oil prices were up 3.2%. Continue Reading… Silver Market Analysis
Posted Jun 20 2012
The July silver chart doesn’t look particularly impressive to start today, as silver prices sit just above what would appear to be a consolidation low zone. Continue Reading… Cocoa Market Analysis
Posted Jun 20 2012
The cocoa market seems to have the outside forces and the short-term fundamental setup to see higher prices ahead. However, the technical action this week has been mixed, with a sharp downdraft on Monday in the face of a more positive tilt to outside market forces followed by a decent recovery yesterday. Continue Reading… Natural Gas Market Analysis
Posted Jun 20 2012
July natural gas prices registered a new high for the advance during the initial morning hours and look poised for a test of the May high at $2.838. Continue Reading… Wheat Market Analysis
Posted Jun 20 2012
July Wheat was trading 8 1/4 cents lower near 7:30 cst. Outside markets are steady to neutral as the market awaits statements from the Federal Reserve Chairman. The wheat followed the corn market lower early this morning after choppy trade overnight. Continue Reading… Cotton Market Analysis
Posted Jun 20 2012
Tack on another few cents, and July cotton will have already recovered nearly half of its massive break from the February 11, 2011 peak to the June 4, 2012 lows. Continue Reading… Crude Oil Market Analysis
Posted Jun 20 2012
August crude oil prices have taken a slightly higher track during the initial morning hours as they go for a challenge of yesterday’s high ($84.75). Continue Reading… Bonds Market Analysis
Posted Jun 20 2012
While world equity markets seem to be a little discouraged with the lack of added easing resolve from the BOE and many think the G20 meeting finished without offering up definitive fresh assistance to the Euro zone, anxiety isn’t running high in the early US Wednesday trade. Continue Reading… |