Russian Ruble Advances from Gains in Crude Oil
October 12, 2011 4:53 pm by Greg HoldenA sudden surge in crude oil values yesterday brought about resurgence in a recently-weakened Russian ruble (RUS). The value of the RUS was brought down by strong dips in global stocks last week as traders sought the safety of more ...
Crude Oil May See Correction Today
March 9, 2011 7:00 am by Dan EduardThe euro halted its recent bullish streak yesterday, as investor concerns regarding euro zone debt outweighed the recent hawkishness regarding interest rates in the region. The EUR/USD dropped well over 100 pips yesterday and is currently trading below the 1.3900 ...
Weekly Commodity Outlook
February 28, 2011 9:50 am by Anton EljwizatCrude oil Crude oil rose, capping the biggest weekly gain in two years, on concern that the turmoil in Libya will spread to Middle East petroleum producers. Grains jumped, driving a measure of raw materials up to a record.
Crude Oil Inventories Expected to Rise Tomorrow
February 15, 2011 2:00 pm by Greg HoldenAfter rising for a fifth consecutive week last Wednesday, tomorrow’s US Crude Oil Inventories report (15:30 GMT) is expected to show continued surpluses of supply in the world’s largest energy consumer. Forecasts expect to see between 1.5M and 2.6M barrels ...
Euro Zone Industrial Production on Tap Today
February 14, 2011 7:00 am by Anton EljwizatThe US dollar experienced one of its most bullish trading days last Friday against the EUR. The EUR/USD fell as low as 1.3496, its lowest level since Jan 21st, after Egyptian President Hosni Mubarak stepped down and handed over power ...
US Crude Oil Inventories Expected to Show Weak Demand
February 9, 2011 7:00 am by Anton EljwizatThe EUR rebounded from a two-week low against the greenback on Tuesday after a Chinese interest rate hike fueled concerns over its growth. Additionally, demand for commodities prompted traders to unwind bets against the US currency.
Crude Oil May Turn Bullish
January 25, 2011 6:38 pm by Anton EljwizatCrude oil prices are once again dropping, and it is currently traded around $86.40 per barrel. And now, the 4-hour chart's Slow Stochastic is giving bullish signals, indicating that crude oil prices might go up. In addition, the Relative ...
Commodities Appear Poised for Upward Correction
January 24, 2011 3:00 pm by Greg HoldenIt appears the decline in US dollar values has not yet been priced into commodities and we may be expecting a major correction in physical asset prices this week as a result.
Weekly Commodity Outlook
January 17, 2011 5:17 pm by Russell GlaserSpot crude oil prices could build on last week’s gains while silver is testing a key support level.
Canadian Housing Starts Report May Boost CAD
January 11, 2011 7:30 am by Anton EljwizatToday will be a quiet news day for the U.S. and Europe as there are no major economic data releases on the calendar from either. However, Canada appears to be releasing one significant figure, which means we may see a ...
