Wednesday, January 30, 2013

DailyMarkets.com - Bulls Getting Fired-up Over Gasoline

DailyMarkets.com - Bulls Getting Fired-up Over Gasoline

Bulls Getting Fired-up Over Gasoline

Posted: 30 Jan 2013 09:18 AM PST

Wednesday, January 30, 2013
Gasoline Futures are leading the rally in the Oil complex, as lower refining rates coupled with higher Oil prices have sent nearby futures prices near the $3 per gallon level. Both large and small speculators have been adding to net-long positions in RBOB futures, with the most recent Commitment of Traders report showing a combined increase of over 2700 contracts the past week. With psychological resistance at 3.000 looming, and relative strength starting to become … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

US Stocks Steady After Q4 GDP Contraction

Posted: 30 Jan 2013 08:20 AM PST

01/30/13 Wall Street opened mixed following the surprise contraction in US Q4 GDP. Despite the dip in quarterly GDP, the annual rate of expansion in 2012 improved from the previous … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Jan. 30, 2013: Rising Bond Yields Show Bernanke QE Converges With Growth

Posted: 30 Jan 2013 06:57 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.

Rising bond yields show Bernanke QE converges with growth (Bloomberg)
ECB: Banks plan further tightening of credit conditions (MNI)
NZ central bank kept up passive currency intervention … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

US Economy Contracts In 4Q/2012, Let’s Review

Posted: 30 Jan 2013 06:44 AM PST

The positive tone to the equity markets and other risk-based assets may provide a degree of cover to developments within the real economy but it cannot totally negate the fact that our nation's economy continues to move along with all the speed of a pack mule.
In fact, Uncle Sam just reported that the old warhorse, that is our domestic economy, contracted in the 4th quarter of 2012 by 0.1%. Let's navigate and take a harder look at what might be weighing us down. 
The Bureau of … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Commodities: Oil At Risk But Gold May Rise On US GDP, FOMC Outcomes

Posted: 30 Jan 2013 05:17 AM PST

Crude oil and copper may fall as slowing US GDP growth and a dour Fed weigh on risk appetite. Gold and silver aim higher on returning anti-fiat demand.
Talking Points

Crude Oil, Copper May Fall as US GDP, FOMC Outcomes Hurt Risk Appetite
Gold and Silver Prices to Rise as Fed Plays Down Bets on Earlier Stimulus Exit

All eyes are on the US economic calendar, with fourth-quarter GDP figures are expected to show that output added 1.2 percent compared with a 3.1 percent increase in the three … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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