Platinum and palladium fall to multi-year lows
Aug 04, 2015 09:14 am UTC| Commentary
Platinum and palladium also find themselves under pressure. Platinum has fallen below $950 per troy ounce this morning to hit its lowest level since January 2009.At $590 per troy ounce, palladium has reached its lowest...
Precious metals under pressure despite price-supporting news
Aug 04, 2015 09:12 am UTC| Commentary
The gold price is down this morning and trading below $1,090 per troy ounce. It found no support yesterday from the disappointing ISM index in the US.This has further reduced expectations of the US Federal Reserve raising...
Speculative financial investors in Brent on the retreat
Aug 04, 2015 09:11 am UTC| Commentary
Speculative financial investors are continuing to retreat from the oil market, thereby increasing the selling pressure. Net long positions in Brent decreased by 36,000 to 178,700 contracts in the week to 28 July. This was...
Oil prices nearing their lows from spring
Aug 04, 2015 09:08 am UTC| Commentary
Oil prices have got off to a dreadful start in August following what was already an extremely weak July which saw prices plummet by 18% in the case of Brent and as much as 21% in the case of WTI. Brent plunged by 5.2%...
BCB may hike bank rate in September
Aug 04, 2015 09:02 am UTC| Commentary
The BCB decided to raise the bank rate by another 50bp to 14.25% at the July Copom meeting. In describing the decision, the Copom statement included one critical change, with the BCB adding the phrase "current balance of...
RBA rate cut by November, 60% probability
Aug 04, 2015 07:26 am UTC| Commentary
As expected the Reserve Bank Board decided to leave the cash rate unchanged at 2.0%. However, it was very surprising that in the Governors statement on the Australian dollar, he did not repeat the sentence "Further...
Further AUD depreciation seems both likely and necessary
Aug 04, 2015 07:19 am UTC| Commentary
The RBA policy statement, on July 7, which accompanied the decision to leave rates unchanged contained the following reference to the currency, The Australian dollar has declined noticeably against a rising US dollar over...
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