Friday, June 22, 2012

DailyMarkets.com - Chinese Manufacturers Put Crude Demand In Doubt

DailyMarkets.com - Chinese Manufacturers Put Crude Demand In Doubt

Chinese Manufacturers Put Crude Demand In Doubt

Posted: 22 Jun 2012 07:18 AM PDT

Thursday, June 21, 2012
Crude Oil futures have been hurt by a supply glut and soft economic conditions. The continued weakness in the Chinese manufacturing sector has no end in sight and could result in much lower petroleum consumption than previously thought. Technically, the Crude Oil chart looks as though it could be close to confirming a bearish continuation.
Fundamentals
Crude Oil futures briefly traded below the $80 level in overnight trading, as the market faces growing supplies and slow … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cotton Price Volatility Now Moves To The Downside

Posted: 22 Jun 2012 07:18 AM PDT

Friday, June 22, 2012
With old-crop July Cotton headed toward first notice day, some traders will turn their focus to the new-crop December futures, where the potential for a rebound in production out of Texas, which is the largest Cotton producing state in the U.S., and signs of a hefty global surplus this coming season may set a negative tone for new-crop Cotton futures early in the growing season.
Fundamentals
Cotton traders have been on a wild ride the past few weeks, especially in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fed’s Bullard: Enlightening On Housing And Economy

Posted: 22 Jun 2012 06:52 AM PDT

I love people who speak the truth.
Regrettably, speaking the truth today is an increasingly rare commodity in our nation and on the global economic landscape. Given that reality, unbiased and bold truth telling hits me like a rush of adrenaline on a cool, crisp morning.
I got just such a rush listening to Bloomberg today as Tom Keene interviewed St. Louis Fed President Jim Bullard.
For those who care to learn and understand what is going on in our global economy, this interview was truly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil, Gold May Rise On Profit-Taking After Sharp Selloff

Posted: 22 Jun 2012 02:00 AM PDT

Talking Points

Crude Oil, Copper Aim to Correct Higher as Profit-Taking Boosts Risky Assets
Gold and Silver Have Scope to Bounce on Ebbing Haven Inflows into US Dollar

Commodities are on the upswing on European trade as profit-taking gently lifts risk assets following yesterday's aggressive selloff, overshadowing headwinds from a disappointing German IFO reading. Prices slumped over the preceding 24 hours as global economic growth fears swelled following signs of deepening weakness in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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