Posted by support on October 10, 2016

Gold prices were higher during Europe's session on Monday, as investors returned to the market to seek cheap valuations after futures fell to the lowest level in nearly four months.
Gold for December delivery on the Comex division of the New York Mercantile Exchange jumped by as much as 1.2% to a session peak of $1,266.75 a troy ounce. It was last at to $1,263.75 by 3:15AM ET (07:15GMT), up $12.05, or 0.96%.

Posted by kaela on September 28, 2016

SINGAPORE (Reuters) - Oil prices rose early on Wednesday, after sharp losses in the previous session, as industry data showed a surprise draw in U.S. crude stocks, although worries over a lack of agreement among producers to curb output kept a lid on gains.
Crude futures fell about 3 percent on Tuesday after Iran rejected an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.

Posted by kaela on September 28, 2016

Crude oil prices swayed in Asia on Wednesday as industry data showed a continued demand trend for crude and refined product stockpiles and an OPEC meeting later in the day looms with chances for a freeze on production seen slim.
Crude oil for November delivery on the New York Mercantile Exchange was up 0.04% to $44.69 a barrel. On the ICE Futures Exchange in London, Brent oil for December delivery eased 0.30% to $46.68 a barrel.

Posted by kaela on September 28, 2016

U.S. consumer confidence unexpectedly jumped in September to more than a nine-year high, bolstering optimism over the health the U.S. economy, industry data showed on Tuesday.
In a report, the Conference Board, a market research group, said its index of consumer confidence unexpectedly increased to 104.1 this month from a reading of 101.8 in August, whose figure was revised from a previously reported 101.1.
That was its highest level since August 2007.
Analysts had expected the index to slip to 99.0 in September.

Posted by support on September 22, 2016

U.S. natural gas futures declined on Thursday morning, turning lower after data showed that natural gas supplies in storage in the U.S. rose broadly in line with market expectations last week.
Natural gas for delivery in October on the New York Mercantile Exchange shed 2.5 cents, or 0.82%, to trade at $3.032 per million British thermal units by 10:35AM ET (14:35GMT). Futures were at around $3.059 prior to the release of the supply data.

Posted by support on September 22, 2016

 Crude prices in Asia dropped on profit-taking after recent gains built on a stockpile drop in the U.S. with rig count data later Friday to be closely watched.
Crude oil for November delivery on the New York Mercantile Exchange fell 0.76% to $45.97 a barrel. Last week, oilfield services provider Baker Hughes said the number of rigs drilling for oil in the U.S. rose by 2 to 416, marking the 11th increase in 12 weeks.

Posted by Tom on July 22, 2016


Research Team at BBH, suggests that after reaching a post-crisis high in May, the pace of existing home sales is expected to soften somewhat from 5.53m to 5.48m units.
Key Quotes
“TD is less cautious than consensus and forecasts a modest increase in existing home sales to an annualized 5.56m units. We are also above the market for the Philadelphia Fed Index to improve to 8.0 in July despite the disappointing read on Empire Manufacturing last week; the market consensus is for a roughly unchanged print of 4.8.

Posted by Tom on July 22, 2016


Richard Franulovich, Research Analyst at Westpac, suggests that the USD/CAD remains stuck in the middle of recent ranges, severely lacking in momentum.
Key Quotes
“That said, the recent weaker track in oil prices risks pushing USD/CAD up through 1.3150 near term.

Posted by Tom on July 22, 2016


Research Team at BBH, notes that the Turkish President Erdogan declared a three-month state of emergency. 
Key Quotes
“The government said it will pursue the coup plotters.  Under the state of emergency, the government can suspend customary rights and freedoms of individuals, where suspects can be detained longer without trial.  Erdogan warned the EU not to interfere, and ominously said that other countries may have been involved in the failed coup. 

Posted by Tom on July 21, 2016


Extending its slide below 0.7500 psychological mark, the AUD/USD pair has now dropped to a fresh 2-week low level and is currently trading around 0.7460-65 band. 
The Australian Dollar continues to witness intense selling pressure after RBA minutes hinted towards a possible rate-cut in the immediate future. Moreover, reviving hopes of an imminent Fed rate-hike has boosted investor sentiment around the greenback. 

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