Tuesday, November 27, 2012

DailyMarkets.com - Commodities: Crude Oil, Gold At Risk As S&P 500 Setup Hints At Weakness

DailyMarkets.com - Commodities: Crude Oil, Gold At Risk As S&P 500 Setup Hints At Weakness


Commodities: Crude Oil, Gold At Risk As S&P 500 Setup Hints At Weakness

Posted: 27 Nov 2012 06:08 AM PST

Crude oil and gold prices may decline as S&P 500 positioning warns of risk aversion ahead that sinks growth-linked assets and boosts the US Dollar.
Talking Points

Commodities Adrift as Risk Trends Weigh Euro FinMin Summit, US Data
Crude Oil, Copper Vulnerable as S&P 500 Chart Points to Risk Aversion
Gold and Silver to Decline if Risk-Off Mood to Boost US Dollar Demand

Yesterday's Eurozone finance ministers' summit on Greek bailout funding ended in disappointment, failing to stamp … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Mary Schapiro: How Do The Disaffected Feel?

Posted: 27 Nov 2012 06:06 AM PST

The news released yesterday that SEC chair Mary Schapiro is leaving her post comes as no surprise. There have been many indications over the past four years that Ms. Schapiro has not exactly 'enjoyed' the challenges that came with her position.
Her departure a full year before the end of her five year term has been met with standard gratuitous comments by many in the financial industry, atop Capitol Hill, and in the press.
What do I think of the reviews of Ms. Schapiro's tenure at the … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Hungary Cuts Base Rate By 25 Bps To 6.0%

Posted: 27 Nov 2012 05:41 AM PST

    Hungary’s central bank cut its base rate by 25 basis points to 6.00 percent, as widely expected, but gave no further details in its statement.
    Magyar Nemzeti Bank, the National Bank of Hungary, has now cut its base rate by 100 basis points this year.
    Hungary’s Gross Domestic Product contracted by 0.2 percent in the third quarter from the second, the third monthly contraction in a row, for an annual decline of 1.5 percent, up from an annual shrinkage of … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Central Bank News Link List – Nov 27, 2012: OECD Cuts Global Economic Forecasts Over Euro Zone Risks

Posted: 27 Nov 2012 05:15 AM 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.)

OECD cuts global economic forecasts over euro zone risks (Reuters)
Greece wins easier debt terms as EU hails rescue formula (Bloomberg)
China’s PBOC chief search spurs focus on finance regulators … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


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