Fri, Sep 19, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Archive | March, 2010

Turning to commodities may not bolster portfolios

Posted on 31 March 2010 by VRS  |  Email |Print

From Chicagotribune.com: With investors on the lookout for higher interest rates, the knee-jerk response would be to buy oil and other commodities as a hedge against inflation.

Typically, the Federal Reserve raises rates to try to ward off inflation, so investors sometimes use higher rates as a tip-off to buy oil, copper, gold, corn and other commodities, or mutual funds that invest in commodities……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Traders hedge their bets with some bearish ETF plays

Posted on 31 March 2010 by VRS  |  Email |Print

From WSJ: As Wall Street awaits the release of several economic reports, options traders sought bearish positions in exchange-traded funds that track specific segments of the market.

Among the most active names of the session was the iShares Russell 2000 Index Fund, an exchange-traded fund that tracks small-cap stocks, including Human Genome Sciences Inc., UAL Corp., Tupperware Brands Corp. and 3Com Corp……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Commods limits still uncertain, CME says

Posted on 31 March 2010 by VRS  |  Email |Print

From Reuters: The head of CME Group Inc, the world’s largest derivatives exchange, said it’s still uncertain whether new limits will be slapped on commodity markets speculation, despite a push by the U.S. futures regulator and some legislators to do so.

“I don’t think this is a foregone conclusion,” Chief Executive Craig Donohue said at the Reuters Global Exchanges and Trading Summit……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

IEA develops plan to tackle crude volatility

Posted on 31 March 2010 by VRS  |  Email |Print

From Indiatimes.com: A global grouping of crude producers, consumers and businesses on Monday claimed to have developed a plan to tackle volatility in the world oil market, even as anxieties over Eurozone sovereign debt problem and tension between the US and Iran emerge as fresh threats to price stability.

The International Energy Agency, which tracks oil consumption in major economies, oil producers’ cartel Opec and International Energy Forum, a common platform for producers and consumers, have joined hands to draw this plan. Though details of this plan were sketchy, sources said it was based on ensuring “more transparency” in the market……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Crude won’t see great demand in 2010: Commodity Warrants

Posted on 31 March 2010 by VRS  |  Email |Print

From Moneycontrol.com: Commodity prices jumped the most in five weeks on the back of signs of economic recovery bolstered demand. The dollar index slipped as Greek & Eurozone situation may be reconciled. Bailout is likely from France, Germany and IMF.

Gold Futures rose 0.5% at USD 1110.3 per ounce. May silver future went up 2.8% at USD 17.38 per ounce. LME Index of six metals gained 3%. May copper Futures went up 3.9%……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

OPEC undecided on action if oil breaks from $70-80

Posted on 31 March 2010 by VRS  |  Email |Print

From Reuters: OPEC officials on Tuesday appeared undecided on how to respond if oil prices rose definitively above the $70-80 a barrel range they have praised this month, highlighting a looming challenge for the cartel.

Although prices have held calmly within this band for much of 2010, U.S. crude, currently around $82 a barrel, is near the top of its recent range, and some analysts said it could push even higher as demand from the United States and other industrialized nations rebounds as their economies recover……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Oil prices find a sweet spot for world economy

Posted on 31 March 2010 by VRS  |  Email |Print

From Nytimes.com: Oil prices have done something remarkable over the last half-year or so: they have barely budged. Memories are still fresh of the chaotic climb to $147 a barrel only two summers ago, accompanied by gasoline costing $4.11 a gallon.
The spike led to accusations from drivers and politicians that oil companies were price-gouging. Then crude prices plummeted along with the economy, to around $34 a barrel just over a year ago, only to double again in a matter of months as confidence began to recover……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Oil conglomerate ’secretly funds climate change deniers’

Posted on 31 March 2010 by VRS  |  Email |Print

From Telegraph: An oil conglomerate has allegedly spent nearly £16.5 million ($25 million) on campaigns to discredit climate change and clean energy policies, according to a new report.
Koch Industries, which is owned and run by two Kansas-based brothers and has substantial oil and chemicals interests, spent the sum between 2005 and 2008 to finance “organisations of the ‘climate denial machine’”, claims the environmental campaign group Greenpeace…………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Carbon trading and the great recession

Posted on 31 March 2010 by VRS  |  Email |Print

From Nytimes.com: The recession brought with it a slowdown in industrial production, and that has translated into far fewer greenhouse gas emissions in 2009 than in previous years.

The scale of that reduction should become clear on Thursday at about midday Central European Summer Time, when the European Commission in Brussels is expected to issue preliminary figures for the amount emissions from factories and power plants covered by its Emissions Trading System……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Gold’s low correlation to other asset classes

Posted on 31 March 2010 by VRS  |  Email |Print

From Forbes: Portfolio diversification is an important part of investment strategies and one of the cornerstones of Modern Portfolio Theory.
The recent financial crisis and global recession put most common strategies to the test, however, and raised questions about the diversification properties of so-called alternative investments such as commodities, hedge funds and real estate……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

China’s insatiable appetite for gold as demand exceeds supply

Posted on 31 March 2010 by VRS  |  Email |Print

From Mineweb.com: A country with an insatiable appetite and a shortfall of supply against demand - which may be amplified by the simplification of some inward investment rules and the launch of domestic / international joint venture private equity funds.
The latest research document from the World Gold Council comes from their analyst in China, Elly Ong……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Gold: Back to basics

Posted on 31 March 2010 by VRS  |  Email |Print

From Commodities-now.com: Gold gained ground over the past week following a pronounced rebound in the euro, with the bullion breaching our intermediate resistance at USD 1,105. The whole precious complex has rallied in the past few sessions with silver and platinum once again slightly outpacing gold.

“This was largely a relief rally that followed the long awaited Greek rescue deal. Importantly, euro sentiment is likely to remain downbeat and we have not had quite as complete a turnaround as it might seem,” according to Andrey Kryuchenkov, Commodities Analyst with VTB Capital in London…………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Miners making big changes to pricing system

Posted on 31 March 2010 by VRS  |  Email |Print

From Theglobeandmail.com: Some of the world’s biggest miners are forcing Asian buyers to change the way they purchase several key commodities, a boon to producers but a move expected to increase prices throughout the global economy.

From potash to coking coal and now iron ore, several mining companies have pushed through dramatic changes in how these products are priced and sold, forcing users in countries such as China, Japan and India to pay more for specific resources…………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Iron ore prices to soar 90pct after Asia deal

Posted on 31 March 2010 by VRS  |  Email |Print

From Telegraph: Iron ore prices will almost double from April 1 after the world’s largest exporter agreed significant price rises with Asian steel mills.
Brazil’s Vale will increase prices of the core steelmaking ingredient by 90pc, a spokesman for Japan’s Sumitomo Steel confirmed……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Copper jumps to 19-month high

Posted on 31 March 2010 by VRS  |  Email |Print

From Mineweb.com: Copper hit a 19-month high on Tuesday, as a falling dollar and rising risk appetite boosted prices, with positive expectations for fund flows and metals demand going into the second quarter.

Benchmark copper for three-month delivery CMCU3 on the London Metal Exchange traded at $7,821 a tonne from $7,770 at the close on Monday……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Copper prices to remain exceptionally lucrative - Scotiabank’s Mohr

Posted on 31 March 2010 by VRS  |  Email |Print

From Mineweb.com: Scotiabank economist Patricia Mohr predicted “Canadian iron ore producers will enjoy huge price gains in 2010, judging from annual contract negotiations now underway between Australian and Brazilian miners and steel makers in Asia and Europe.”

“Prices will be driven up by recovering steel production and iron ore demand in the G7 as well as steel mill capacity in China,” Mohr forecast in an analysis published Monday……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Emerging market currencies show short-term cracks

Posted on 31 March 2010 by VRS  |  Email |Print

From Reuters: Emerging market currencies have been all the rage the past year given their robust economies, but it seems these assets have become less appealing to some investors at least in the short term.

After out-sized gains in 2009, these currencies, including the Brazilian real, the Chilean peso, and others in Asia, have slipped against the U.S. dollar in 2010, and strategists say these assets are showing some vulnerability as their yields have started to fall……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Yuan’s fair value debated inside and outside China

Posted on 31 March 2010 by VRS  |  Email |Print

From Marketwatch.com: As Beijing offered contradictory views this week on whether to allow its currency to appreciate, analysts also appeared at odds over whether the Chinese unit should move higher, with some saying the yuan might even be undervalued.

China kept the yuan’s central parity rate — the daily rate that marks the center of a 1-percentage-point band limiting movement for the currency’s rate against the U.S. dollar — almost unchanged on Wednesday, at 6.8263 yuan to the dollar against 6.8264 yuan Tuesday……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

China’s Chen says stronger Yuan can’t solve trade gap

Posted on 31 March 2010 by VRS  |  Email |Print

From Sfgate.com: Chinese Commerce Minister Chen Deming said increasing the value of the yuan won’t overcome the lopsided trade with the U.S., and urged American policy makers to avoid confrontation.

Yuan “appreciation cannot redress the trade imbalance,” Chen said in an article e-mailed by the ministry, responding to U.S. lawmakers’ call on the Obama administration to step up pressure on China to let its currency strengthen……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

India: Seven new directors to join FMC

Posted on 31 March 2010 by VRS  |  Email |Print

From Indiatimes.com: After functioning under a manpower shortage for two years, the regulator of the commodity futures market has selected seven candidates from the public sector to fill up nine important posts in the Forward Markets Commission (FMC).

The candidates will be deputed to the FMC as directors, whose tasks include recognition and upgradation of exchanges, monitoring trade data from exchanges, inspection and audit of exchanges, their members and other intermediaries, market research, price analysis, conducting surveys, and maintaining and developing a database……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

UAE exchanges in merger talks-Dubai bourse head

Posted on 31 March 2010 by VRS  |  Email |Print

From Reuters: The owners of Dubai Financial Market and the Abu Dhabi Securities Exchange have held merger talks, the DFM head said on Tuesday, as dwindling volumes and shrinking profits intensify consolidation pressure.
“It is in the interest of everybody to consolidate,” DFM executive chairman Essa Kazim told reporters. “There have been discussions at the top level, meaning the owners of the exchanges.”…………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Brazil’s Cetip registers $67 bln of offshore derivatives

Posted on 31 March 2010 by VRS  |  Email |Print

From Businessweek.com: Brazil’s biggest clearinghouse has recorded 120 billion reais ($67 billion) of offshore financial derivative contracts used by domestic banks, as the country tries to better supervise a market that caused losses in 2008.

Cetip SA - Balcao Organizado de Ativos e Derivativos may register 100 billion reais more of derivatives outside the country as banks and other companies seek to hedge and diversify risk, predicted Jorge Sant’Anna, a Cetip director, in a March 26 interview at Bloomberg’s headquarters in New York……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

EU grain farmers ready to hedge on reform

Posted on 31 March 2010 by VRS  |  Email |Print

From Forexyard.com: Demand for futures contracts and other hedges from European grain farmers is set to grow as impending market reforms force them to use financial products as a cushion against price movements.

U.S. and Australian farmers have long hedged against price movements by buying or selling futures contracts, which are not physical transactions but exchange-traded agreements to deliver grain at a set price on a set date……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Commodities climb on bets economic recovery to boost demand

Posted on 30 March 2010 by VRS  |  Email |Print

From Businessweek.com: Commodity prices jumped the most in five weeks as signs of an economic recovery bolstered demand metals, energy and agricultural goods.

The Reuters/Jefferies CRB Index of 19 raw materials rose 2.1 percent, led by copper, hogs and sugar. Consumer spending in the U.S. climbed in February for the fifth straight month, government data showed today. Equities headed for the fourth straight quarterly gain………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Commodity price index slips in February

Posted on 30 March 2010 by VRS  |  Email |Print

From Theglobeandmail.com: Scotiabank says its commodity price index slipped 0.7 per cent in February after four consecutive monthly gains, due to concerns about the economies of some European countries.

Investor worries about debt risks in Greece, Portugal and Spain led to a decreased appetite for risk and a flight into “safe-haven” investments like U.S. treasuries, which in turn pushed commodity prices lower, according to Scotiabank commodity specialist Patricia Mohr………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

OPEC, IEA, IEF to unveil measure to combat oil-price volatility

Posted on 30 March 2010 by VRS  |  Email |Print

From Businessweek.com: OPEC, the International Energy Agency and the International Energy Forum will announce a “joint action plan” this week to combat oil-market volatility, IEA Executive Director Nobuo Tanaka said.

The plan will tackle “volatility of the price and other issues like the outlook of the energy market,” he told reporters yesterday before the biennial IEF ministerial meeting that starts today in Cancun, Mexico. “We’ll have closer dialogue with our organizations and we’ll see what we can do.”……………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Producers, consumers seek oil stability at IEF

Posted on 30 March 2010 by VRS  |  Email |Print

From Reuters: Oil producers and consumers gathered at the International Energy Forum this week plan to call for greater oil market stability and transparency as prices hold near levels OPEC members laud as “perfect” for both groups.

The ministers spoke ahead of the biannual International Energy Forum, which gathers officials from oil producer and consuming nations as well as energy companies………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

OPEC needs $70 oil to justify investments - SecGen

Posted on 30 March 2010 by VRS  |  Email |Print

From Reuters: OPEC Secretary General Abdullah al-Badri said on Monday OPEC nations needed oil prices of $70 a barrel to justify investments in projects.

Badri, speaking at a press conference at the International Energy Forum (IEF), added that the producer group was resuming spending on oil projects that were suspended when oil prices fell from record highs over $147 a barrel in July 2008 to below $33 a barrel in December of that year………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

OPEC must ‘work hard’ to tackle price volatility: head

Posted on 30 March 2010 by VRS  |  Email |Print

From AFP: The Organization of Petroleum Exporting Countries needs to ‘work hard’ with consumer countries to help avoid the risk of excessive oil price volatility, the cartel’s head said Monday.

On the eve of the world’s largest energy forum in the Mexican resort of Cancun, OPEC Secretary-General Abdalla Salem El-Badri said producers had a role to play in keeping oil prices free of huge swings following a roller-coaster ride in the second half of 2008………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

HSBC questions the future of carbon trading

Posted on 30 March 2010 by VRS  |  Email |Print

From Clickgreen.org.uk: Following a disappointing Copenhagen summit, where no legally binding treaty on carbon emissions was delivered, the Climate Change sector has underperformed Global Equities according to the latest quarterly review of the HSBC Global Climate Change Index.

The lack of a global agreement on emissions reduction has led its authors to question the validity of Carbon Trading as an investable theme………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Is bull run in gold going out of steam?

Posted on 30 March 2010 by VRS  |  Email |Print

From Commodityonline.com: Boosted by a weaker dollar and generally rising commodities in the wake of the “Greek solution” that was cobbled together late last week, gold prices picked up additional steam overnight and climbed to just above the $1113.00 level per ounce.
Last Friday’s S. Korean ship incident was not cited as a supportive factor this morning, as officials appeared to back away from automatically pointing fingers at N. Korea as the responsible party to the tragedy. Still, 46 sailors are missing and presumed dead following an on-board explosion on the military vessel………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Gold ticks higher on firm euro, ETF holdings up

Posted on 30 March 2010 by VRS  |  Email |Print

From Reuters: Gold inched up in thin trade on Tuesday as the euro held firm against the U.S. dollar, but the metal was stuck in a familiar range as it struggled to clear a recent high above $1,130 an ounce.

Silver, platinum and palladium lost strength after rallying in the previous session on news that China’s annual economic growth will reach 12 percent this quarter following strong industrial output growth last month………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

China’s gold demand “snowballing”: WGC

Posted on 30 March 2010 by VRS  |  Email |Print

From Businessworld.in: China’s gold demand is expected to double over the next decade due to jewellery consumption and investment needs, the World Gold Council (WGC) said in its first report on the world’s fastest growing consumer of the metal.

Currently the world’s second-largest gold consumer after India, China has seen its gold demand grow at an average rate of 13 per cent per year over the past five years………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

‘In India, gold is a way of life…’

Posted on 30 March 2010 by VRS  |  Email |Print

From Commodityonline.com: The gems & jewellery has been a negative sector for the investors, however the return from the investments have been very high. But in India, the market is not mature enough and has remained at a nascent stage.
The industry is primarily labour oriented, which makes it less attractive for investors. Considering these factors, we feel that the response that we got from the market was satisfactory………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Philip Silverman: Gold may reach new high

Posted on 30 March 2010 by VRS  |  Email |Print

From Hardassetsinvestor.com: Gold and silver are two that we like, silver because there’s a lot of industrial uses, technologywise, and even in the medical field. So that it’s something that’s not as popular with investors, but offers essentially the same sort of price movement.
I think people will move to gold as a safety asset and a hedge against inflation. And at the same point, gold also is a little bit of a currency alternative………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Mike Niehuser: Silver producers who shine

Posted on 30 March 2010 by VRS  |  Email |Print

From Theaureport.com: From a U.S. perspective, we still see gold between $900 and $1,200 an ounce, and continue to believe that we could see gold at $1,500 by year end. Likewise for silver, $15 to $20 an ounce appears to be a reasonable trading range, and with silver we would expect to have greater volatility.
The case has never been better for having a position in precious metals as a store of value………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

BMO reckons nickel and copper prices will rally and firm up this year

Posted on 30 March 2010 by VRS  |  Email |Print

From Mineweb.com: BMO Capital Markets Global Commodity Strategist Bart Melek expects nickel and copper prices to firm over the next several months as real physical supply/demand fundamentals improve.

In a note published Sunday, Melek advised, “Given the need to restock consumer inventories, the strengthening global recovery and higher stainless smelting rates should continue to rally both nickel and copper into 2010.”……………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Metals at front of broad commodities rally

Posted on 30 March 2010 by VRS  |  Email |Print

From AP: Palladium, platinum and copper led a commodities rally Monday as investors took advantage of a weaker dollar and a positive report on consumer spending.

Traders are monitoring a series of government reports due this week that could reveal more clues about how strong the U.S. economy is and whether that will translate into greater industrial demand………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

China should pay more on iron ore on risks, Applebaum says

Posted on 30 March 2010 by VRS  |  Email |Print

From Bloomberg: Steelmakers in China, the biggest iron ore consumer, should pay a premium because of the risks of doing business there and their need to secure supply, according to Michelle Applebaum Research Inc.

“As the largest buyer, they have to a pay premium to get size tonnage,” according to an e-mail report sent by Dave Uhryniak, an analyst with the U.S.-based researcher………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Canada’s Dollar appreciates as commodities rally spurs demand

Posted on 30 March 2010 by VRS  |  Email |Print

From Businessweek.com: Canada’s dollar rose as gains in global stock markets and commodities such as crude oil, gold and copper spurred investors toward currencies tied to growth.

The Canadian currency, trading near the highest level since July 2008, has gained 3.1 percent against its U.S. counterpart since the start of the year for a fourth straight quarterly advance………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

China’s influence silences Asia on yuan peg

Posted on 30 March 2010 by VRS  |  Email |Print

From Reuters: China’s increasing regional influence will keep Asian governments from pressuring the world’s fastest growing economy into letting its currency strengthen for fear of economic or political repercussion.
China has repeatedly said a decision on unshackling the yuan would depend on domestic conditions, after effectively pegging it to the U.S. dollar for the past 20 months, even while it is under threat by Washington of being labeled a “currency manipulator” next month………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Time is ripe for China to revalue yuan: World Bank chief

Posted on 30 March 2010 by VRS  |  Email |Print

From AFP: World Bank President Robert Zoellick said Monday that it was timely for China to revalue its currency, amid US criticism that Beijing was deliberately keeping the yuan down to gain a trade advantage.

He said that as export-driven China remakes its society to depend more on consumer spending, it could become an opportunity to revalue the currency………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Greek bond issue gives commodities a boost

Posted on 30 March 2010 by VRS  |  Email |Print

From Montrealgazette.com: A successful bond issue in Greece boosted commodity stocks on Monday, helping Canada’s benchmark stock index to its first advance in four sessions.

The S&P/TSX closed at 12,029.72, up 72.35 points, or 0.61 per cent, on gains in energy and materials. Eight of the Toronto market’s 10 sub-indexes gained on Monday, with financials and consumer services the only decliners………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Limits on metal derivatives meet opposition

Posted on 30 March 2010 by VRS  |  Email |Print

From Risk.net: The commodity market is divided on position limits for metal derivatives. The US Commodity Futures Trading Commission (CFTC) held a public hearing to debate the possibility of position limits for metal futures and options on March 25.
During the hearing, market participants expressed views on whether or not they wished to see a federal position limit regime apply in metals contracts, and if so, what it should look like. Some individual traders and lobbying groups expressed their support for the idea, while financial firms including Chicago-based CME Group, HSBC and New York-based NYSE Liffe US railed against the plans………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Commodities traders increasingly adopt Algorithms

Posted on 30 March 2010 by VRS  |  Email |Print

From Wallstreetandtech.com: Algorithmic trading is continuing its march through the asset classes. Proprietary trading shops with experience in other asset classes are bringing algorithmic trading to commodities markets, according to several experts.

Nigel Kneafsey, CEO of Options IT, a provider of high-performance trading technology infrastructure as a service, says automated trading strategies are expanding into commodities, such as energy and agriculture………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Experts see continued price support for commodities

Posted on 29 March 2010 by VRS  |  Email |Print

From Fnarena.com: Speculative positions in many commodities corrected sharply at the start of February, but as Standard Bank notes this is now reversing and speculative activity is again building throughout the sector.

This swing in activity levels is likely to continue in the bank’s view, with commodity prices expected to experience sharp corrections as futures markets become over-extended relative to underlying physical market conditions in certain commodities. The bank expects any dips will be bought, meaning recoveries post such corrections will be fast……………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Are global markets being rigged? Gottliebsen

Posted on 29 March 2010 by VRS  |  Email |Print

From Smartcompany.com.au: Trading in the financial markets is an enormous source of profits for the world’s largest investment banks and the traders get big chunks of each firm’s controversial bonuses each year.

The fortunes of Australia are closely linked to this trading activity as the Australian dollar exchange rate and metals such as gold and silver are among the most traded areas – and the traders have a big role in establishing the prices……………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

China, India prominent on investors’ radar - experts

Posted on 29 March 2010 by VRS  |  Email |Print

From Bangkokpost.com: China, India and emerging markets will be the most attractive choices for investment in 2010 thanks to their strong economic fundamentals, according to investment experts.

Louis Wong Wai Kit, director of Phillip Capital Management (HK) Ltd, said China led the world last year with economic growth of 8.7%, followed by India at 7.2%……………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

China’s financial bubble ready to pop

Posted on 29 March 2010 by VRS  |  Email |Print

From Vancouversun.com: The Chinese economy is a financial bubble that will inevitably pop, says Edward Chancellor, author of the classic text on financial manias, Devil Take the Hindmost. In a new report for GMO, the Boston-based money manager Mr. Chancellor lists 10 signs of a bubble in progress.
They range from “blind faith in the competence of the authorities” to “a surge in corruption” to “inappropriately low interest rates.”………………………………Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Oil range of $70-80 possible for 10 yrs - OPEC paper

Posted on 29 March 2010 by VRS  |  Email |Print

From Reuters: Oil prices could stay in the $70-80 range over the next decade, according to a report by OPEC released ahead of a major oil conference this week which reiterated demand forecasts made last year.

In a paper written ahead of the International Energy Forum this week, OPEC said the price assumption is based on the perception of marginal supply costs over the medium to long term and stressed that it did not reflect or imply “any projection of whether such a price path is likely or desirable……………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

banner
March 2010
S M T W T F S
« Feb   Apr »
 123456
78910111213
14151617181920
21222324252627
28293031