Commodities snapshot (precious & industrial)
Jun 11, 2015 14:27 pm UTC| Insights & Views
Metals are gaining today over weakness in Dollar. Performance this week at a glance in chart table - Gold - Gold faced selloff from around $1192 area. Todays range - $1189 - $1175 Gold might reach $1152 area, since...
Jun 11, 2015 14:03 pm UTC| Insights & Views
Energy pack is having another positive day. Weekly performance at a glance in chart table. Oil (WTI) - WTI made lower high today, clinging away once more from the doji high. Todays range $61.6 -60.4. Target for the...
Euro’s bears vested interest in US economic data
Jun 11, 2015 12:52 pm UTC| Insights & Views
Euro began tumbling as the big flurry of data to flash during US session.As the euro has been falling Euro bears vested interest was on major US data release which is likely to be out shortly.We project a 1.9% MoM gain in...
US dollar is weak, yield is not
Jun 11, 2015 12:49 pm UTC| Insights & Views
US dollar is weakening against major counterparts steadily as Dollar index failed to break above 97.7 area. Fall in US dollar have been significantly large. After Fridays stronger than expected jobs report provided the...
US really needs stronger retail sales
Jun 11, 2015 12:03 pm UTC| Insights & Views
Today at 12:30 GMT, US Census Bureau will declare retail sales figure for May. In April retail sales excluding autos grew by 0.1%, while headline figure failed to grow at all. Today market is expecting solid growth in...
Zero-cost-collars for bullion market bulls
Jun 11, 2015 11:33 am UTC| Insights & Views
The turbulent bullion market seems to be quite controlled in European session.Bulls looking to capture the swings on the eve of expectation surrounding over good set of US retail activity backed by recent surge in auto...
Gold lingering as dollar gains ahead of US retail activity data
Jun 11, 2015 10:52 am UTC| Insights & Views
The US dollar index was up about 0.45% to 95.02 earlier today.As a result, Gold futures for August delivery dropped $3.30 or 0.28 in percentage terms, to trade at $1182.20 a troy ounce during earlier European session.The...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects