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Stock Markets in Europe Rally in Positive US Jobs Data

Rehan — Fri, 03 Feb 2012 22:55:32 +0000

European stock markets gained on Friday in reaction to positive US jobs data which created hopes and optimism among investors for recover in economy. As per latest data of the US Labor Department, non-farm payrolls increased by 243,000 in the month of January while the unemployment rate fell to 8.3 percent from 8.5 percent in the month of Decemb Read more ...

Gold Futures Reach Their Record High

Rehan — Fri, 03 Feb 2012 22:51:11 +0000

Gold futures reached their highest level since November uncertainty over the Greece’s debt situation remained strong among investors. Gold futures contract for April delivery gained 0.6 percent or $9.80 to settle at $1,759.30 per ounce on Comex division of the New York Mercantile Exchange. The respective contract touched the intraday high of $ Read more ...

EIA Reports More Than Expected Increase in Supplies Data

Rehan — Thu, 02 Feb 2012 22:55:08 +0000

Energy Information Administration released its figures on crude oil inventories on Wednesday reporting higher than expected increase in supplies data. As per report of EIA, crude oil stockpiles increased by 4.2 million barrels for the week ending January 27^th, 2012 as compared to analysts expected increase of 3 million barrels for the Read more ...

Gold Futures Gain After a Volatile Session

Rehan — Wed, 01 Feb 2012 22:57:00 +0000

Gold futures gained after a volatile session on Tuesday as investors shifted to less riskier assets on weaker US economic data. The gold futures contract for April delivery gained 0.4 percent or $6 to settle at $1,740.40 per ounce on the Comex division of the New York Mercantile Exchange. The respective contract touched its intraday high of 1,75 Read more ...

Forex Trading: Weekly Outlook

Rehan — Wed, 01 Feb 2012 13:05:40 +0000

Major economic events to affect the forex markets for the week ending February 3^rd, 2012 are as follows:

On Monday, in euro zone, data on German consumer price index was released. Data on consumer confidence and business climate indicator was also released in the euro zone.

In United States, data on personal consumption Read more ...

Crude Oil Futures Keep Up the Bullish Rally

Rehan — Fri, 27 Jan 2012 22:53:09 +0000

Crude oil futures ended higher on Thursday but closed lower than $100 per barrel mark on recovery of the greenback. Investors remained mixed on Thursday as the US stock markets also turned lower while US economic data also gave mixed signals.

As per data of US Commerce Department, new home sales fell 2.2 percent in December, index of lead Read more ...

Gold Futures Rally as the Greenback Weakens

Rehan — Thu, 26 Jan 2012 22:40:58 +0000

Gold futures rallied on Wednesday and crossed the psychological barrier of $1,700 per ounce as the US dollar declined and US Fed announced to keep the interest rate at their lowest.

Managing director, Jeffery Wright from Global Hunter Securities commented, “It looks like someone awoke to the fact that loose monetary policy will eventual Read more ...

EIA Reports Increase of 3.6 Million Barrels in Crude Oil Stockpiles

Rehan — Thu, 26 Jan 2012 22:26:30 +0000

Energy Information Administration reported increase of 3.6 million barrels in crude oil inventories on Wednesday while analysts forecasted the increase of 700,000 barrels in oil inventories for the week ending January 20^th, 2012. Another trade group, API reported the increase of 7.3 million barrels in the crude oil stockpiles.