Wednesday, February 6, 2013

DailyMarkets.com - Bearish Traders Sing “The Coffee Song”

DailyMarkets.com - Bearish Traders Sing “The Coffee Song”

Bearish Traders Sing “The Coffee Song”

Posted: 06 Feb 2013 07:18 AM PST

Wednesday, February 6, 2013
Coffee futures like many of the “softs” such as Cocoa, Sugar and Cotton are mired in a multiyear long bear market. However, unlike the other New York traded commodities, Coffee is the only one of the “softs” contracts where large speculators are currently holding a net-short position though the total interest among speculators is rather low which may be a sign that the 2-year long bear market may be tiring, with prices consolidating for a time.
Fundamentals
For those … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Oil, Copper Sink As Eurozone Fears Dent Risk Appetite

Posted: 06 Feb 2013 06:32 AM PST

Crude oil and copper are under pressure as Eurozone stability jitters spark market-wide risk aversion. The outlook for gold and silver appears clouded for now.
Talking Points

Crude Oil, Copper Sold as Eurozone Jitters Spark Risk Aversion Anew
US Fiscal Policy Worries May Compound Pressure on Sentiment Trends
Gold and Silver Trading Flat and Looking for Clear Directional Cues

Crude oil and copper are under pressure as broad-based risk aversion across financial markets weighs on the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Uncle Sam Charges S&P With FRAUD!!!

Posted: 06 Feb 2013 06:28 AM PST

"Fraud," cried the maddened thousands, and the echo answered "Fraud."
Fans of our national pastime are likely well acquainted with the classic poem, Casey At The Bat. In that well worn tale, the patrons of the game go home with heads bowed as their power hitter, that being the might Casey, fails to drive home the winning runs in the bottom of the ninth.
In similar fashion but in real life, the fans of the red, white, and blue team with USA adorned across their breast are also … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Poland Cuts Rates By 25 Bps, Fourth Cut In A Row

Posted: 06 Feb 2013 04:25 AM PST

     Poland’s central bank cut its key reference rate by another 25 basis points to 3.75 percent, its fourth rate cut in a row.
    The National Bank of Poland (NBP), which cut rates by 50 basis points in 2012, also cut its other rates by 25 basis points, pushing the lombard rate to 5.25 percent, the deposit rate to 2.25 percent and the rediscount rate to 4.0 percent.
    The central bank will release further details about its decision later today.
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