Monday, August 13, 2012

DailyMarkets.com - Bullish Breakout For Cotton Prices

DailyMarkets.com - Bullish Breakout For Cotton Prices

Bullish Breakout For Cotton Prices

Posted: 13 Aug 2012 07:27 AM PDT

Friday, August 10, 2012
The current strength in Cotton prices has been somewhat muted due to slack demand from China, the world’s largest Cotton consumer. However, with prices still reasonable near 75 cents per pound and with some concerns about new crop supplies, we may see China re-enter the market in the next few months to help restock inventories while prices remain low. Current estimates for this morning’s USDA crop production report are for 2012-13 U.S. Cotton production to total 16.8 … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Grain Markets React To USDA Report

Posted: 13 Aug 2012 07:27 AM PDT

Monday, August 13, 2012
With Corn futures prices near record highs, further gains will be hard fought, as many traders fear further demand destruction due to high prices, as well as the potential for waiver being granted for the current ethanol mandate. The current net-net long position by large speculators totals almost 320,000 contracts, which would be quite a feat to liquidate easily should prices fail to make new highs in the coming days. Small speculators are holding a net short position … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Euro Gains In Rangebound Trading

Posted: 13 Aug 2012 07:24 AM PDT

08/13/2012 The dollar weakened versus the euro and pound in quiet summer trading. The major currency pairs are rangebound, as central bank expectations continued to be considered amid global growth … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Standard Chartered Scandal: “Asian Regulators Had Lost Faith In American Regulators”

Posted: 13 Aug 2012 05:58 AM PDT

I would not expect that Benjamin Lawsky, superintendent of the New York State Department of Financial Services, is receiving many invitations on the Washington cocktail circuit currently.
When Lawsky recently brought to light the alleged longstanding Iranian money laundering activities at Standard Charted Bank, he not only dropped a bombshell on the institution, he dropped an even bigger explosive into the midst of America's largest financial regulators. Good for him and for us.
We are long … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Aug 13, 2012

Posted: 13 Aug 2012 04:53 AM PDT

    Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news

SNB seen targeting bank capital to curb property boom (Bloomberg)
Qatar helps Egypt with $2bn central bank deposit (AFP)
Can’t abandon inflation agenda, says India’s central … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Crude Oil Gains On Geopolitical Jitters, Gold Waits For Sentiment Cues

Posted: 12 Aug 2012 11:20 PM PDT

Talking Points

Crude Oil Gains as Hormuz Strait Collision Stirs Geopolitical Jitters
Copper Facing Sustained Selling Pressure after Japan GDP Outcome
Gold and Silver Noncommittal as Risk Trends Hold at Neutral Setting

Commodity prices are putting in a mixed performance ahead of the opening bell on Wall Street. Crude oil found a boost in reports that a US destroyer collided with an oil tanker near the Strait of Hormuz, copper remains on the defensive having met selling pressure after a … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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