Wednesday, November 21, 2012

DailyMarkets.com - Sugar Soars On Short Covering Buying

DailyMarkets.com - Sugar Soars On Short Covering Buying

Sugar Soars On Short Covering Buying

Posted: 21 Nov 2012 08:18 AM PST

Wednesday, November 21, 2012
Sugar’s fundamentals and technicals are now in disagreement, as an improving technical outlook, including an upside chart “gap”, is at least temporally overshadowing bearish fundamentals, including a large surplus this coming season.
Fundamentals
Sugar futures have traded at their highest levels in nearly a month, as many bearish speculative accounts rush to the exits. Commodity funds have been aggressively adding to their net-short positions this past week and are … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Nov 21, 2012: BOE Voted 8-1 To Halt Bond Purchases As QE Impact Questioned

Posted: 21 Nov 2012 07:58 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.)

BOE voted 8-1 to halt bond purchases as QE impact questioned (Bloomberg)
BBK Dombret: U.S. shld not question Basel III rules now (MNI)
Growth rates diverge in developed economies (Dow Jones)
RBI to … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Georgia Cuts Rate By 25 Bps To 5.5% As Inflation Seen Low

Posted: 21 Nov 2012 07:48 AM PST

    The central bank of Georgia cuts its benchmark refinancing rate by 25 basis points to 5.5 percent to support economic activity with the inflation rate expected to remain below the bank’s target.
    The National Bank of Georgia, which has cut rates by 100 basis points this year, noted that inflation in October rose an annual 0.1 percent, up from minus 0.10 percent in September, and inflation forecasts have been reduced.
     The central bank also said that … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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