Crude Oil Futures Decline on Wednesday on Inventories Data - August 4, 2011 23:54

Crude oil futures declined on Wednesday reported their lowest in last five weeks on latest US inventories data. According to the latest report by Energy Information Administration crude oil inventories surged by 1 million barrels for the week ended July 29th, 2011. Analysts were expecting oil inventories to increase by 2 million barrel but a […]

Weekly Outlook for Forex - August 2, 2011 23:59

Yesterday in euro zone official data on unemployment rate was published while United Kingdom reported its data on country’s manufacturing activity. In United States, Institute of Supply Management reported manufacturing activity index which fell to 50.9 against analysts’ projections of 55. On Tuesday August 2nd, 2011, United States reported its official data on personal consumption […]

Gold Futures reach their Record High - July 22, 2011 23:41

Gold futures reached their record high on Friday despite stronger US dollar and developments on euro zone’s sovereign debt crisis. Gold price contract for August delivery advanced 0.9 percent or $14.20 to $1,601.10 per ounce on Comex trading of New York Mercantile Exchange. On Monday the respective contract reached the day’s high of $1,605.50 which […]

Weekly Outlook for Forex - July 5, 2011 23:29

Important economic events which could have significant affect on the trading of different currencies for the week ending July 8th, 2011 are as follows:- On Monday markets in United States remained closed due to observance of the US Independence Day. In Australia data on building approvals, retail sales and change in numbers of jobs advertised […]

Crude Oil moves in a Strong Bullish Rally on Expectation of Higher Demand - June 29, 2011 23:56

Crude oil futures jumped on Tuesday as investors and most of the analysts foresee higher global demand for oil due to sluggish US economy and Greece’s debt crisis. Crude oil futures contract for August delivery jumped 2.5 percent or $2.28 to $92.89 per barrel on New York Mercantile Exchange. The surge on Tuesday was the […]

Weekly Outlook for Crude Oil - May 23, 2011 23:40

List of important events to affect the trading of crude oil futures contract are as follows: On Tuesday United States will report its new home sales index for the month of April and expect home sales to increase by 1.7 percent to 305,000 units as compared to prior forecast of 300,000 units. On Wednesday United […]

Crude Oil Futures Gain on the Positive US Economic Data - May 13, 2011 12:04

Crude oil futures moved with bullish sentiments on Thursday on positive US economic data and weakening greenback. Crude oil futures for June delivery gained 0.8 percent or $0.76 to $98.97 per barrel on New York Mercantile exchange. The contract earlier jumped up to $100 per barrel. Energy broker Jay Levine from Energay LLC commented, You […]