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biz kha
Posts: 149
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commodities market
Posted: 08 Mar 10 12:28 PM
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Relationship over? Dollar, stocks break up:
The relationship between the dollar and stocks that helped define last year's stock market rally is over.
Last summer and fall, stocks generally rose on days when the dollar fell, and vice versa.
The dollar had been pushed lower by record-low interest rates and other measures from the Federal Reserve to boost the economy. The weak dollar was a boon for the stock market as investors were eager to get money out of low-yielding U.S. dollars and put them to work just about anywhere else, such as stocks.
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biz kha
Posts: 149
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Re: commodities market
Posted: 08 Mar 10 12:37 PM
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Tonites Market Moving News and Their Timings:
Kevin Warsh Speaks
7:35 PM NST
4-Week Bill Announcement
10:00 PM NST
3-Month Bill Auction
10:30 PM NST
6-Month Bill Auction
10:30 PM NST
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BRAM Bulls (Pvt) Ltd
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biz kha
Posts: 149
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Re: commodities market
Posted: 08 Mar 10 12:44 PM
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Oil rises to near $82:
Oil prices rose to near $82 a barrel Monday in Asia, extending gains from Friday amid signs the global economy may be improving.
Benchmark crude for April delivery was up 45 cents to $81.95 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.29 to settle at $81.50 on Friday.
Investors were cheered by the Labor Department's February jobs report Friday, which showed the U.S. economy shed a less-than-expected 36,000 jobs last month and the unemployment rate held at 9.7 percent.
The Dow Jones industrial average jumped 1.2 percent Friday, and most major Asian indexes rose Monday in early trading.
Crude investors also took heart from news Friday that China plans to extend a stimulus package in hopes of helping the economy grow 8 percent this year.
Oil has soared 18 percent since Feb. 5 as investors become more convinced a growing global economy will boost crude demand.
In other Nymex trading in April contracts, heating oil rose 1.41 cents to $2.112 a gallon, and gasoline gained 1.47 cents to $2.257 a gallon. Natural gas was down 6.2 cents at $4.531 per 1,000 cubic feet.
In London, Brent crude was up 48 cents at $80.37 on the ICE futures exchange.
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biz kha
Posts: 149
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Re: commodities market
Posted: 09 Mar 10 1:50 PM
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Oil hovers below $82::
Oil prices hovered below $82 a barrel Tuesday in Asia, losing momentum after a monthlong run-up fueled by growing investor optimism about global economic growth.
Benchmark crude for April delivery was down 40 cents to $81.47 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 37 cents to settle at $81.87 on Monday.
Crude has risen from $69.59 a barrel on Feb. 5, or about 18 percent, amid signs the U.S. economy is emerging from last year's recession. Investors are still waiting for evidence that oil demand is recovering and will be eyeing weekly inventory data later this week.
The American Petroleum Institute releases its supply report late Tuesday while the Energy Information Agency's data is due Wednesday.
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biz kha
Posts: 149
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Re: commodities market
Posted: 09 Mar 10 6:35 PM
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Oil drops below $81:
Oil prices dropped sharply to below $81 a barrel Tuesday, due to a stronger dollar and profit taking on a monthlong run fueled by growing investor optimism about global economic growth.
By early afternoon in Europe, benchmark crude for April delivery was down $1.40 to $80.47 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 37 cents to settle at $81.87 on Monday.
A stronger dollar makes crude more expensive for investors holding other currencies and usually moves inversely to oil prices.
The euro fell to $1.3556 on Tuesday from $1.3633 late Monday in New York, while the British pound was lower at $1.4949 from $1.5072.
Crude has risen from $69.59 a barrel on Feb. 5, or about 18 percent, amid signs the U.S. economy is emerging from last year's recession. Investors are still waiting for evidence that oil demand is recovering and will be eyeing weekly inventory data later this week.
Thank You,
brambulls.blogspot.com
brambulls@gmail.com
BRAM Bulls (Pvt) Ltd
Dhumbarahi,Kathmandu,Nepal
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Also in Facebook and Twitter(Bram Bulls)
We also provide SMS calls
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biz kha
Posts: 149
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Re: commodities market
Posted: 10 Mar 10 10:58 AM
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Tuesday's Commodities News Updates:
U.S. Economy
The U.S. Treasury sold $40 billion of 3-year T-notes at a median yield of 1.40% with a bid-to-cover ratio of 3.13, better demand than expected.
Grains and Cotton
May corn finished down 6 cents at $3.69, ahead of tomorrow's monthly USDA estimates. Many are still wondering if the wet and cold U.S. weather will disrupt planting schedules this spring.
Livestock
June hogs closed down .97 at 80.47 with concerns that recent price gains will temper demand for pork.
Lumber
U.S. housing demand is poor, but lumber prices remain strong. May lumber closed up its $10 daily limit at $287.00.
Orange juice
May orange juice closed down 2.15 cents at $1.4715 ahead of tomorrow's USDA report. Some are anticipating a smaller Florida crop estimate due to January's freezing temperatures.
Sugar
I don't know of anyone that predicted it, but it looks like concerns of a sugar shortage are easing (see article). May sugar fell 1.25 cents to 20.32, the lowest close in seven months.
Coffee
May coffee closed up 1.65 cents at $1.3275, helped by Vietnam's plan to buy 200,000 tons for a government stockpile.
Metals
Yi Gang, China's decision maker on foreign exchange holdings, told a news conference that the U.S. Treasury market was still very important to China, but he was not eager to boost the price of gold. Over the long-run, he does not believe that gold is a good investment. April gold ended down $1.70 at $1,122.30.
Energies
The U.S. Department of Energy (DOE) said in today's Short-term Energy Outlook that they expect world oil demand to increase from 84.0 to 85.5 million barrels per day in 2010, up from last month's estimate of 85.3 mbd. They expect West Texas Intermediate crude oil to average above $80 this spring. May crude oil ended down .45 at $81.86.
The DOE also said that they expect the spot price of Henry Hub natural gas to average $5.32 per thousand cubic feet in 2010, down from last month's estimate of $5.53.
Currencies
The U.K.'s Office for National Statistics said that total exports were down 6.9% in January while imports were down 1.6%. The March British pound fell .0087 to $1.4987.
The British Retail Consortium said that like-for-like retail sales were up 2.2% in February.
Japan's Cabinet Office said that its coincident index increased from 97.4 to 99.9 in January, stronger than expected and the tenth consecutive increase. The March yen closed up .0046 at 1.1117.
Some leaders are starting to get it. German Chancellor Angela Merkel and Luxembourg's Prime Minister Juncker said today that Europe and the U.S. must take quick action to regulate credit-default swaps before more financial crises occur.
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BRAM Bulls (Pvt) Ltd
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biz kha
Posts: 149
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Re: commodities market
Posted: 10 Mar 10 11:22 AM
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Tonites Market Moving News and their timings:
MBA Purchase Applications
6:00 PM NST
Wholesale Trade
9:00 PM NST
EIA Petroleum Status Report
9:30 PM NST
10-Yr Note Auction
12:00 AM NST
Treasury Budge
1:00 AM NST
Thank You,
brambulls.blogspot.com
brambulls@gmail.com
BRAM Bulls (Pvt) Ltd
Dhumbarahi,Kathmandu,Nepal
empowering the next generation of investors
Also in Facebook and Twitter(Bram Bulls)
We also provide SMS calls
NCM with the largest network |
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biz kha
Posts: 149
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Re: commodities market
Posted: 10 Mar 10 12:31 PM
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Oil hovers above $81::
Oil prices hovered above $81 a barrel Wednesday in Asia after a report showed mixed evidence about U.S. crude demand.
Benchmark crude for April delivery was up 5 cents to $81.54 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract lost 38 cents to settle at $81.49 on Tuesday.
Oil has jumped about 17 percent since early last month on increased investor confidence in this year's global economic growth. But crude demand from the U.S., the world's largest consumer of oil, has remained sluggish.
Crude inventories jumped last week by 6.5 million barrels, the American Petroleum Institute said late Wednesday. Analysts, eyeing a cold weather spell in much of the U.S. this month, had expected a drop of 1.6 million barrels, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.
However, inventories of gasoline and distillates fell more than analysts expected, the API said.
The Energy Department's Energy Information Administration is scheduled to announce its supply report later Wednesday.
In other Nymex trading in April contracts, heating oil rose 0.44 cent to $2.0942 a gallon, and gasoline gained 0.83 cent to $2.2686 a gallon. Natural gas was down 1.1 cents at $4.505 per 1,000 cubic feet.
In London, Brent crude was up 9 cents at $80.00 on the ICE futures exchange.
Thank You,
brambulls.blogspot.com
brambulls@gmail.com
BRAM Bulls (Pvt) Ltd
Dhumbarahi,Kathmandu,Nepal
empowering the next generation of investors
Also in Facebook and Twitter(Bram Bulls)
We also provide SMS calls
NCM with the largest network
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