Crude Oil Ends at its Record High in Reaction to Tensions in Iran - January 4, 2012 23:55

Crude oil futures rallied on Tuesday and settled at its highest level since May 10th, 2011 in reaction to uncertainty over oil supplies due to Iran tensions. Moreover US manufacturing data was also better than expected further supporting the oil. As per the Institute of Supply Management, the manufacturing index gained to 53.9 for the […]

Weekly Outlook for Forex Markets - January 3, 2012 23:54

Major economic events to hit the forex markets in the current week and which can affect the trading of major currencies are as follows: On Monday markets in United States, United Kingdom, Japan, Australia, New Zealand and Europe remained closed due to national holidays for the New Year. On Tuesday, January 3rd, 2011, United Kingdom […]

Crude Oil Futures Gains as Worries over Global Supplies Escalate - December 28, 2011 23:54

Crude oil futures jumped on Tuesday to settle above $101 per barrel as investors remained uncertain over global crude oil supplies due to tensions in Iran. Moreover better than expected US consumer confidence data further helped the crude oil to appreciate. President of Prestige Economics, Jason Schenker commented, “The Iranian statements threatening a close of […]

Gold Futures Decline with Low Trading Volumes - December 27, 2011 23:55

Gold futures remained under pressure on Tuesday’s in reaction to low trading activity. Gold futures contract for February delivery declined below $1,600 benchmark to $1,595 per ounce on Asian trading session of Comex on Monday. The respective contract closed on $1,609 per ounce on Monday. However, today despite weaker greenback as the dollar index DXY […]

Forex Market Outlook for the Week Ending December 30th - December 27, 2011 18:12

Major events to affect the forex markets for the week ending December 30th, 2011 are as follows: On Monday, markets in the euro zone, United Kingdom, Australia, New Zealand and United States remained closed in observance of the Boxing Day Holiday. On Tuesday, December 27th, 2011, industry data on house price inflation will be released […]

Forex Outlook for the Week Ending December 23rd - December 20, 2011 21:53

Major economic events that could affect the currencies trading for the week ending December 23rd, 2011 are as follows: On Monday December 19th, 2011, United Kingdom reported its industry data on house price inflation while Bank of England published its quarterly bulletin. Official data on current account was released in euro zone. Moreover, European Central […]

Weekly Forex Outlook - December 13, 2011 23:46

On Monday, government data on federal budget balance was reported in United States. Japan reported its preliminary data on machine tool orders, household confidence and corporate goods price index. In Switzerland, official data on employment level was released. On Tuesday, December 13th, 2011, official data on retail sales was published in United States while US […]

Forex Outlook for the Week Ending December 9th, 2011 - December 6, 2011 2:22

Significant economic events that have a major impact on forex and currencies markets for the week ending December 9th are as follows: On Monday December 5th, 2011, United States reported its official data on factory orders while Institute of Supply Management released its report on service sector activity. In euro zone, revised data on service […]

US Dollar Remains under Pressure on Successful Spanish and French Bond Auctions - December 2, 2011 23:54

The US dollar remained under pressure on Thursday despite bearish sentiments in US stock markets. The euro strengthened in reaction to the successful bond auctions of Spanish and French governments. On Thursday, Spanish government sold 3.75 billion euros of government bonds equivalent $5 billion. The Spanish bonds did saw increased in their yields but the […]