commodities

EIA revises down 2015, 2016 Crude Oil prices. Weekly inventory report due today! Crude oil futures have been trading lower for the week, losing over -3.3% after a brief rally towards $46.3 which was unsuccessful. At the time of writing,…
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Greenback strengthens on better Durable goods orders Key Notes: New Zealand trade balance -649 Million vs. -665 Million Japan SPPI y/y 0.6% vs. 0.4% Australia construction work done q/q 1.6% vs. -1.5% Switzerland UBS…
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Crude Oil poised to settle near lows of $55 for this year Crude Oil futures made an attempt last week to break higher but failed, resulting in a continued bearish price action as noted in last week’s Crude Oil analysis. The appearance of…
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The awaited Swiss Gold Referendum is set to take place on the 30th November 2014 The main risk to Gold futures this week is the Swiss referendum due on November 30th (Sunday). While opinion polls from the referendum is broadly mixed with…
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The markets were surprised to see that OPEC decided to stay put to its current production levels of 30 million barrels a day. Regardless of what the main stream media reports that there continues to be a disconnect between the OPEC members…
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