Thursday, October 25, 2012

DailyMarkets.com - COMMODITIES: Crude Oil, Gold Aim Higher As Market Sentiment Improves

DailyMarkets.com - COMMODITIES: Crude Oil, Gold Aim Higher As Market Sentiment Improves


COMMODITIES: Crude Oil, Gold Aim Higher As Market Sentiment Improves

Posted: 25 Oct 2012 02:41 AM PDT

Commodities are aiming higher amid a broad recovery in risk sentiment across financial markets. A firm US economic data set may reinforce the chipper mood.
Talking Points

Gold, Silver May Rise with Stocks as Richmond Fed Survey Buoys Sentiment
Copper Technical Setup Boosts Likelihood of Bounce with Overall Risk Trends
Crude Oil Continues to Carve its Own Path, API Inventory Report in Focus

Commodities are on the upswing in early European trade as risk appetite firms across financial markets. … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Central Bank News Link List – Oct. 25, 2012: Watchdog Faults Treasury, Fed For Libor Use, Wants Alternatives

Posted: 25 Oct 2012 01:39 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.

Watchdog faults Treasury, Fed for Libor use, wants alternatives (Reuters)
BOE Bean: UK past the worst, growth to pick up (MNI)
India rate-cut odds climb as policy revamp aids rupee (Bloomberg)
BOJ … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Sweden Holds Rate But Likely To Cut, Rate Path Revised Down

Posted: 25 Oct 2012 01:19 AM PDT

    Sweden’s central bank held its benchmark repurchase rate unchanged at 1.25 percent, but the Riksbank said it was more likely to cut than raise its rate in coming months to stimulate economic growth and push the inflation rate higher towards the bank’s target of 2 percent.
    The Riksbank, which has cut its rate twice this year for a total cut of 50 basis points, revised downwards its forecast for the future path of the repo rate, saying it expects an average rate of 1.2 … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Forex Trading: German Data Leads To Euro Losses

Posted: 25 Oct 2012 12:20 AM PDT

German Data Leads to Euro Losses
The euro had another bearish day yesterday, following the release of worse than expected German economic indicators during the morning session. The news led to fears that the euro-zone’s biggest economy may be slipping into recession, which caused investors to shift their funds away from the common currency. Today, news out of the US is likely to generate market volatility. Traders will want to pay attention to the Core Durable Goods Orders and Unemployment … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


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