Aug 17, 2012
Aug 15, 2012
Aug 13, 2012
US Light Crude Technical Analysis
US Light Crude
2012-08-13 18:46GMT
Technical Analysis
Pivot Weekly 93.12
Support Weekly 86.78
Long positions above 91.80 with targets »» 93.96/94.64
*intraday support 91.80
Key levels:
96.18 *** resistance
95.32 ** resistance
94.14 * resistance
93.27 -- Last
92.10 * support
91.24 ** support
90.06 *** support
88.89 *** support
2012-08-13 18:46GMT
 |
| US Light Crude |
Pivot Weekly 93.12
Support Weekly 86.78
Long positions above 91.80 with targets »» 93.96/94.64
*intraday support 91.80
Key levels:
96.18 *** resistance
95.32 ** resistance
94.14 * resistance
93.27 -- Last
92.10 * support
91.24 ** support
90.06 *** support
88.89 *** support
Crude Recovers Following Disappointing Chinese Data
Crude
The price of crude oil tumbled during Asian trading on Friday, following the release of a worse than expected Chinese trade figure which led to risk aversion in the marketplace.
Oil dropped close to $2 a barrel to reach as low as $91.68. That being said, the commodity did stage an upward correction during evening trading and eventually finished out the week $93.29.This week, oil traders will want to pay attention to any news out of the euro-zone and its impact on risk appetite in the marketplace. In addition, any developments in the ongoing conflict between Iran and the West have the potential to create volatility in the price of oil.
(via forexticket)
Aug 12, 2012
Aug 10, 2012
Gold XAU/USD - Technical Analysis
Gold
2012-08-10
Technical Analysis
Pivot Monthly 1.603.6
Support Monthly 1.549
Long positions above 1.549 with targets »» 1.632/1.678 or 1.715
*The RSI is supported by a bullish trend line
Key levels:
1.678 *** Intraday resistance
1.665 ** Intraday resistance
1.652 * resistance
1.622 -- Last
1.593 ** Weekly support
1.577 ** support1.549 ** Monthly support
1.529 *** support
1.502 *** support
Crude oil falls on global growth concerns
Crude oil
Crude oil futures fell on Friday, as weak trade balance data from China added to concerns over the oultook for global economic growth, following Thursday's downbeat observations by the European Central Bank.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in September traded at USD92.97 a barrel during European morning trade, dropping 0.41%.
Official data showed earlier that China's trade surplus narrowed unexpectedly in July, dropping to USD25.1 billion from a USD31.7 billion surplus.
Aug 9, 2012
Tropical storm Ernesto skirts Mexican Gulf coast, kills two
Ernesto weakens as its nears Mexican coast again
Storm Ernesto
* Hurricane warnings called off
* Major oil-exporting ports remain closed
* Officials say two people drowned in Tabasco (Updates with position, death toll, Pemex officials reporting no damage)
MEXICO CITY, Aug 9 (Reuters) - Tropical Storm Ernesto skirted the coast of the Gulf of Mexico on Thursday, sending wind gusts and showers across the state of Veracruz, home to some of Mexico's busiest ports and oil installations.
The storm had maximum sustained winds of 60 mph (96 kph) and was drifting slowly just off the coast in the southern Gulf of Mexico, about 5 miles (8 km) north of Coatzacoalcos, the U.S. National Hurricane Center in Miami said in its 2 p.m. EDT (1800 GMT) advisory.
Standard Chartered faces devastating blow on $250 billion U.S.
Standard Chartered
TOP NEWS
Standard Chartered faces devastating blow on $250 billion U.S.
(Reuters) CCLA Investment's James Bevan says the scandal surrounding $250 billion in alleged hidden transactions with Iran is potentially devastating for Standard Chartered
Oil Near 3-Month High Amid Speculation Of China Stimulus
Oil
Futures advanced as much as 0.6 percent. Growth in China’s industrial production slowed while inflation cooled for a fourth straight month in July, providing more room for policies to stimulate the economy of the world’s second-biggest oil consumer. U.S. petroleum consumption fell 1.1 percent last week, the first drop in four weeks, the Energy Department said yesterday. OPEC trimmed its forecast for demand for its crude and said Iraq’s output surpassed 3 million barrels a day for the first time since 2002.
Oil traded near a three-month high in New York as speculation that China will take more steps to boost economic growth offset signs of weakening demand in the U.S.
Japan to load 7 million barrels of Iranian crude in Aug
Oil | Iran
Three very large crude carriers, capable of carrying 2 million barrels each, have visited Iranian terminals this month to load oil, according to ship tracking data. The loadings for August represent about 226,000 barrels per day, down about 25 percent from a year earlier and in line with contractual volumes agreed earlier this year.
Japan suspending loadings of Iranian crude in June ahead of a European Union ban on shipping insurance that took effect on July 1.
TOKYO, Aug 9 (Reuters) - Japanese refiners will load about 7 million barrels of Iranian crude in August, according to two industry sources, up from loadings of 3 million barrels in July.
Three very large crude carriers, capable of carrying 2 million barrels each, have visited Iranian terminals this month to load oil, according to ship tracking data. The loadings for August represent about 226,000 barrels per day, down about 25 percent from a year earlier and in line with contractual volumes agreed earlier this year.
Japan suspending loadings of Iranian crude in June ahead of a European Union ban on shipping insurance that took effect on July 1.
Aug 7, 2012
EUR/USD - Technical Analysis
EUR/USD
07-08-2012
Technical Analysis
Pivot intraday 1.2393
Long positions above 1.2362 with targets »» 1.2445 or 1.247
*The RSI is supported by a bullish trend line
Key levels:
1.2546 *** Intraday resistance
1.2495 ** Intraday resistance
1.2445 * Intraday resistance
1.2408 - Last
1.2393 - Intraday pivot point
1.2362 * Weekly support
1.2343 ** Intraday support
1.2318 *** Intraday support
1.2292 **** Intraday support
PRECIOUS-Gold climbs in line with euro, stocks
Gold
* Hopes for ECB action on debt crisis boost euro, stocks
*Indian demand soft ahead of festival season
* Gold-backed ETFs see inflows after lacklustre July
LONDON, Aug 7 (Reuters) - Gold prices firmed on Tuesday, lifted by a recovery in the euro versus the dollar and a rise in stock markets as optimism grew that the European Central Bank will act to lower borrowing costs for Spain and Italy. Safe-haven German Bund futures extended losses as appetite for assets seen as higher risk picked up. The euro climbed back towards a one-month high against the dollar, while European stocks pared early losses to swing higher.
Iran accusations wipe $16 billion off Standard Chartered shares
Iran | Standard Chartered Bank (video)
(Reuters) - The New York State Department of Financial Services (DFS) slammed Standard Chartered as a "rogue institution" that "schemed" with the Iranian government, which is subject to U.S. sanctions over its nuclear program, and hid 60,000 secret transactions to generate hundreds of millions of dollars in fees over nearly 10 years.
(Please be advised that paragraph 9 contains reference to language that some readers may find offensive)
Shares in the Asia-focused bank were down 23.5 percent at 11.25 pounds by 1120 GMT, their lowest in three years, taking their losses to 30 percent since the news surfaced just before Monday's close.
The market value of Standard Chartered Plc tumbled $16 billion on Tuesday after New York's bank regulator threatened to tear up its state banking license for allegedly hiding $250 billion in transactions tied to Iran.
(Please be advised that paragraph 9 contains reference to language that some readers may find offensive)
Shares in the Asia-focused bank were down 23.5 percent at 11.25 pounds by 1120 GMT, their lowest in three years, taking their losses to 30 percent since the news surfaced just before Monday's close.
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