Friday, November 9, 2012

DailyMarkets.com - Commodities: Crude Oil, Gold May Rise On US Consumer Confidence

DailyMarkets.com - Commodities: Crude Oil, Gold May Rise On US Consumer Confidence

Commodities: Crude Oil, Gold May Rise On US Consumer Confidence

Posted: 09 Nov 2012 01:48 AM PST

Commodity prices may rise as US consumer confidence hits a 62-month high, boosting risk appetite and applying downward pressure on the US Dollar.
Talking Points

Commodity Prices Flat, Looking for Direction in Early European Trade
Crude Oil, Gold May Rise as US Consumer Confidence Stokes Risk Trends

Commodity prices are treading water in early European trade. A nudge higher into the end of the trading week may be ahead as traders look ahead to November's gauge of US consumer confidence from … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Forex Trading: US Consumer Sentiment Data Set To Impact Markets Today

Posted: 08 Nov 2012 11:45 PM PST

US Consumer Sentiment Data Set to Impact Markets Today
The euro fell to a fresh two-month low against the US dollar yesterday, as investors shifted their funds to safe-haven assets amid signs of economic turmoil in the US and euro-zone. The threat of the US slipping back into recession due to the impending "fiscal cliff," coupled with signs of an economic slowdown throughout the EU, were mostly responsible for the risk aversion in the marketplace. Today, the main piece of news is likely to … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Nov 9, 2012: Fed’s Bullard Sees Twist End, Open To More QE3

Posted: 08 Nov 2012 07:43 PM PST

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.

Fed’s Bullard sees twist end, open to more QE3 (WSJ)
Australia central bank cuts growth forecast (Market Watch)
China Big Bang seen like London in new regime … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Korea Holds Rate, Sees Exports Emerging From Downtrend

Posted: 08 Nov 2012 07:20 PM PST

    The central bank of South Korea held its base rate steady at 2.75 percent, saying it expects global economic growth to be “very modest” going forward and the downside risks to growth are large due to the U.S. fiscal consolidation issues and Europe’s fiscal crises.
    But the Bank of Korea (BOK) also said that Korea’s exports appeared to be emerging from their downtrend and consumption and investment had turned around and was starting to pick up while the number of … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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