Thursday, March 7, 2013

DailyMarkets.com - Crude Oil Traders Await Outcomes Of Venezuelan Election, Iran Talks

DailyMarkets.com - Crude Oil Traders Await Outcomes Of Venezuelan Election, Iran Talks


Crude Oil Traders Await Outcomes Of Venezuelan Election, Iran Talks

Posted: 07 Mar 2013 08:18 AM PST

Thursday, March 7, 2013
Crude Oil traders have had plenty of news to digest is recent weeks, both fundamental and geopolitical. EIA data suggests Crude Oil inventories are rather robust and refinery activity could be slowing a bit. Reports from the government agency in coming weeks will give traders a better idea as to whether or not the US is stockpiling. Geopolitically, many traders will be paying attention to the progress of nuclear talks with Iran and the Venezuelan election. Technically, … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Dow High Fives New Record High, Financials Lead Gains

Posted: 07 Mar 2013 08:00 AM PST

03/07/13 US stocks opened higher with the Dow catapulted to another all-time high. Central bank rate decisions were unchanged, while US data came in … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Forex Trading:

Posted: 07 Mar 2013 05:16 AM PST

Economic News
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Technical News
The Wild … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

ECB Holds Key Interest Rate Steady, As Expected

Posted: 07 Mar 2013 04:55 AM PST

    The European Central Bank (ECB) held its key refinancing rate steady at 0.75 percent, as expected, along with its other main rates, the rate on its marginal lending facility and the deposit rate at 1.50 percent and zero percent, respectively.
   The ECB, which cut is refi rate by 25 basis points last year, said its president would comment on the bank’s decision at a press conference later today.
    The euro area’s inflation rate fell to 1.8 percent in February … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Crude Oil, Gold To Advance If Draghi Hints At Stimulus Ahead

Posted: 07 Mar 2013 04:18 AM PST

Crude oil and gold may rise on improving risk appetite and swelling anti-fiat demand if ECB President Mario Draghi hints the bank is aiming to expand stimulus.
Talking Points

Crude Oil and Copper May Advance if ECB Hits at Stimulus, Lifting Sentiment
Gold, Silver to Find Support in Anti-Fiat Demand if ECB Rhetoric Turns Dovish

Commodities are treading water in European trade as investors wait for a clear-cut directional catalyst to emerge. The spark may come from the European Central Bank as … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

BOE Holds Rate Steady, Maintains Asset Purchase Target

Posted: 07 Mar 2013 04:13 AM PST

    The Bank of England (BOE) held its official Bank Rate paid on commercial bank reserves steady at 0.5 percent, as widely expected, and maintained its target for asset purchases at 375 billion pounds.
    The BOE, which has not changed its benchmark interest rate since March 2009, did not make any further comments in its brief statement apart from saying that minutes of today’s meeting would be published on March 20.
    The U.K. central bank had been expected by … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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