Gold and Oil News - October 10, 2012 23:51
Crude oil futures gained on Tuesday despite stronger US dollar as investors were concerned over global oil supplies on threat of Syrian conflict may be spreading to other mid eastern countries. Moreover, the move of China for tackling slower growth in their economy also boosted the investorsâ€™ sentiment. On Tuesday, the Peopleâ€™s Bank of China […]
Gold futures fell on Tuesday due to rising concerns over global economic scenario. While stronger dollar also kept commodities under pressure, investors were also more focused on corporate earnings. Gold futures contract for December delivery fell 0.6 percent or $10.70 to settle at $1,765 per ounce on the Comex division of the New York Mercantile […]
Crude oil futures declined on Monday as investors remained uncertain over global demand of oil in reaction to slow Chinese economic growth. The World Bank on Monday reduced its growth forecasts for the East Asia and the Pacific region which created concerns over economic activity in the regions. The World Bank also indicated that Chinese […]
Significant economic events which could substantially affect the trading of currencies and forex markets for the week ending October 12th, 2012 are as under: On Monday, October 8th, 2012, Germany reported its official figures on trade balance, imports, exports and current account along with data on industrial production. In euro zone, data on Sentix investor […]
The Energy Information Administration reported decline of 500,000 barrels in crude oil supplies for the week ending September 28th, 2012. Analysts were expecting increase of 1.5 million barrels in the crude oil inventories for the respective week. Moreover analysts from BNP Paribas reported that oil production was up by 12 percent as compared to last […]
Gold futures slightly gained on Tuesday as the precious metal remained under pressure on comments of US Fedâ€™s official Plosser and stronger greenback.
Crude oil futures fell on Tuesday in reaction to comments of US Federal Reserveâ€™s official Plosser that the Central Bank will probably launch the third round of Quantitative easing. Plosser also indicated that US Federal Reserve may increase short term interest rates much sooner than expectations.
Major economic events to affect the trading of forex markets and currencies trading for the week ending September 28th, 2012 are as follows: On Monday, September 24th, 2012, data on IFO business climate, expectations and current assessment was reported in Germany. United States came up with data on manufacturing activity while US Federal Reserveâ€™s official […]