Tuesday, November 20, 2012

DailyMarkets.com - Commodities: Euro FinMin Summit Puts Crude Oil, Gold At Risk

DailyMarkets.com - Commodities: Euro FinMin Summit Puts Crude Oil, Gold At Risk

Commodities: Euro FinMin Summit Puts Crude Oil, Gold At Risk

Posted: 20 Nov 2012 02:27 AM PST

Crude oil and gold prices may reverse lower if Eurozone finance ministers fail to reach a deal on Greek bailout funding at today's summit.
Talking Points

Crude Oil, Copper Follow Stocks Lower Before Eurozone FinMin Meeting
Gold and Silver to Fall With Sentiment on Lack of Greek Funding Deal
Soft US Housing Starts, Building Permits Data May Boost Risk Aversion

Sentiment-linked crude oil and copper prices are following shares lower in early European trade as investors cast an uneasy eye … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Nov 20, 2012: China May Refrain From Reserve Ratio Cuts In Rest Of 2012

Posted: 20 Nov 2012 12:07 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.)

China may refrain from reserve-ratio cuts in rest of 2012 (Bloomberg)
RBA set to cut interest rates again (AAP/Australian)
Tanzania: central bank intervenes to rescue shilling … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Japan Holds Rate, Asset Purchase Program: Economy Weak

Posted: 19 Nov 2012 11:55 PM PST

    The Bank of Japan (BOJ) held its in benchmark overnight call rate unchanged at zero to 0.1 percent and made no mention of a further expansion of its asset purchase program, but added the economy is expected to remain weak and then gradually return to a moderate recovery path as domestic demand remains resilient and overseas economies should slowly improve.
    The BOJ, which has held its call rate unchanged since December 2008, said overseas economies remain in a … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Forex Trading: Hopes For Greek Bailout Deal Help Boost Riskier Assets

Posted: 19 Nov 2012 11:50 PM PST

Hopes for Greek Bailout Deal Help Boost Riskier Assets
Higher-yielding assets, including the euro and Australian dollar, saw modest gains to start off the week yesterday, as hopes that Greece will be able to secure a new round of bailout funds in the near future led to risk taking in the marketplace. Today, traders will want to pay close attention to a meeting of euro-zone finance ministers, scheduled to take place throughout the day. Any positive developments out of the meeting with regards … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Quick Checking SP500 Market Internals To Start Thanksgiving Week

Posted: 19 Nov 2012 06:10 PM PST

As you're probably aware, the Thanksgiving holiday week tends to be a bullish week and Monday's price action may be setting the stage for continued bullishness.
Let's take a quick look at the S&P 500 "Big Three" Market Internals and note the recent powerful divergence that set the stage for Monday's big rally.
Here's the 30-min bigger picture of the S&P 500 and key Market Internals:

For market internals, we use Breadth ($ADD), NYSE TICK ($TICK), and Volume Difference of … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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