Commodities snapshot (precious & industrial)
Dec 10, 2015 14:27 pm UTC| Commentary
Metal pack is almost flat today. Performance this week at a glance in chart table - Gold - Gold is almost flat today, trading range is getting squeezed, breakout possibility ahead. Todays range $1076-1071 Gold is...
Dec 10, 2015 14:15 pm UTC| Commentary
Energy pack is in red today. Weekly performance at a glance in chart table. Oil (WTI) - WTI is marginally down as OPEC report showed cartel producing at record pace. Todays range $36.5-37.5 WTI is currently trading...
FxWirePro: Natural gas outlook – big inventory cushion
Dec 10, 2015 13:34 pm UTC| Commentary
Natural gas pricerose last night,trying to build onto Tuesdays comeback, after Mondays mega selloffs, however that effort by the bulls not only got thwarted, price closed in red and in downward move today. We have been...
OPEC output rises as Saudi produces at record pace
Dec 10, 2015 13:05 pm UTC| Commentary
There seems to be no respite for oil as November report showed, output from oil producers cartel OPEC production edged up further. OPEC oil ministers last week met in Vienna. While production cut was expected by some in...
Moderate recovery likely in Chinese economy
Dec 10, 2015 12:37 pm UTC| Commentary Economy
A moderate recovery in Chinese manufacturing is expected in coming quarters. PMI figures of the economy indicate the production is below the actual demand. Since the inventory level reduced, the production growth is...
Japan’s FSA Scrutinizes Real Estate Lending By Regional Banks
Dec 10, 2015 12:22 pm UTC| Commentary Economy
Last month, Japan Times reported that due to strong demand for redevelopment projects in the Tokyo and growing asset management needs of individuals, real estate loans extended by banks are rising in Japan. The...
RBNZ monetary policy – assessing the bias
Dec 10, 2015 12:08 pm UTC| Commentary Central Banks
Reserve bank of New Zealand (RBNZ) has reduced policy rates today by 25 basis points and brought the overnight cash rate (OCR) to 2.5%. New Zealand Dollar, moved up despite policy reduction as market is expecting a big...
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