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Commodities Briefing - Archive | October, 2011

ETF options galore for commodities

Posted on 27 October 2011 by VRS  |  Email |Print

Sweeping macroeconomic turmoil and looming market doubts have created a treacherous environment for commodity investors over the past few months. While the risk of an upheaval remains present, as we have seen in recent days, the fog may be lifting on hard assets.
At the start of the week, industrial giant Caterpillar injected a welcomed dose of confidence into commodities. The firm noted that its mining branch had been a major contributor to its analyst-beating quarterly earnings numbers……………………………………….Full Article: Source

Commodity investments fall but ETPs gain

Posted on 27 October 2011 by VRS  |  Email |Print

Commodity investments as a whole lost assets during the last two quarters but commodity ETPs held up with $2.8bn of inflows, according to Barclays Capital.
This is the first consecutive fall in commodity investments since 2008; during the third quarter assets fell from $408bn to $393bn, with index swaps bearing the brunt, losing $5bn. Flows across the sector were flat………………………………………..Full Article: Source

It’s time to buy these 3 commodities

Posted on 27 October 2011 by VRS  |  Email |Print

When it comes to commodities, there are two factors that dictate prices. The first factor is the underlying demand for the commodity, which can exceed or lag relative supply.
The second factor is the technical picture, which is in focus for global investment-bank desks, which simply respond to the direction of a price of a commodity while paying little attention to the fundamental forces in place………………………………………..Full Article: Source

The dirty guts of the commodities game

Posted on 27 October 2011 by VRS  |  Email |Print

Chances are, you’ve never heard of a company named Vitol. It rarely makes a headline, yet it plays a larger role in the oil market than Exxon, and its annual sales last year were twice as strong as Apple’s.
… and it just got a lock on the Libyan oil market. How do you invest in this company? You can’t… it’s owned by just 330 share-holding employees. They are very rich………………………………………..Full Article: Source

Is the commodities bull run over?

Posted on 27 October 2011 by VRS  |  Email |Print

While the global commodity markets turned considerably lower during the third quarter of 2011, we do not believe that a sustained drop in commodity prices is likely.
Worldwide demographic trends will continue to place supply pressures on several commodity types, notably food and energy, while increased market volatility will likely result in continued investor appetites for precious metals………………………………………..Full Article: Source

Deutsche Bank bullish on commodities

Posted on 27 October 2011 by VRS  |  Email |Print

Frankfurt-based Deutsche Bank (DB) – Germany’s largest bank – has turned into one of the biggest players in commodities markets in recent years. Their latest financial results show record-beating performance, with DB reporting its best ever third quarter in commodities trading in the company’s history.
Other major market players, however, suffered heavy losses from the sharpest downturn in commodity prices since the outbreak of the global financial crisis in 2008. DB expects commodity prices to remain strong for the rest of this year………………………………………..Full Article: Source

Currency traders in worst year since 1991

Posted on 27 October 2011 by VRS  |  Email |Print

Currency-trading strategies are losing the most in two decades as the volatility that’s boosted volume and profits for investment banks erodes the ability of investors to make money.
Three out of four Royal Bank of Scotland Group Plc indexes of foreign-exchange trading strategies are down this year, including a 2.7 percent drop through September for its carry trade index. Deutsche Bank AG’s dollar-denominated Currency Returns Index has fallen 3.4 percent, the biggest drop since a 4 percent slide in 1991………………………………………..Full Article: Source

China nixes rapid yuan rise

Posted on 27 October 2011 by VRS  |  Email |Print

China said that rapid yuan appreciation in the near term is out of the question as it would harm China’s economic growth, in one of the strongest responses yet to U.S. pressure for a faster rise in the currency.
The comments by a spokeswoman for the Ministry of Foreign Affairs on Wednesday reflect China’s growing anxiety as its domestic economy slows and demand for its exports is threatened by economic stagnation in Europe and the U.S. ……………………………………….Full Article: Source

MENA oil exporters face uncertainty in 2012 from global slump, unrest: IMF

Posted on 27 October 2011 by VRS  |  Email |Print

The economies of oil exporting countries in the Middle East and North Africa, excluding Libya, are expected to expand by 4.9% in 2011 due to higher oil prices and production but the risk of a sharp slowdown in the US and Europe could lead to slower global oil demand in 2012 and a sustained drop in oil prices, the IMF said in a regional report Wednesday.
“Economic activity in the MENAP oil-exporting countries, along with their fiscal and external situations, has clearly improved, underpinned by high energy prices,” the IMF said. “Real GDP growth is expected to pick up in 2011 — to almost 5% — then moderate to about 4% in 2012.”……………………………………….Full Article: Source

Iraq aims to join OPEC quota system in 2014, official says

Posted on 27 October 2011 by VRS  |  Email |Print

Iraq will ask to rejoin OPEC’s quota system for crude output in 2014 as the holder of the world’s fifth-largest oil reserves boosts production from an average of 2.9 million barrels a day.
The country aims to increase output to 3.4 million barrels a day next year and 4.5 million barrels a day in 2013, Falah al- Amri, director of the State Oil Marketing Organization, said today. Iraq is exporting an average of 2.2 million barrels a day this month and earning an average price of $104 a barrel, he said in an interview in the southern city of Basra………………………………………..Full Article: Source

Australia’s coal emissions grow nearly 300pct since 1970

Posted on 27 October 2011 by VRS  |  Email |Print

The coal industry has certainly contributed to Australia’s wealth, but like heroin destroys addicts and those around them, our coal buzz is helping to destroy the environment that supports us and rehab will be a costly affair.
According to a 134 page report from the International Energy Agency (IEA) entitled “CO2 Emissions From Fuel Combustion” (PDF), Australia’s coal and peat related emissions grew from 73.2 million tonnes in 1970 to 220.9 million tonnes in 2009. For the period 1990 to 2009, the emissions belched by the burning of coal and peat (the latter a minor component in Australia) jumped 61%………………………………………..Full Article: Source

Bad economy good for climate - IEA

Posted on 27 October 2011 by VRS  |  Email |Print

The decrease in the amount of global carbon dioxide emissions declined because of the economic meltdown, but don’t expect a trend, the International Energy Agency, IEA, said from Paris.
The IEA announced Monday that in 2009 the global economic recession led to the first decline in carbon dioxide emissions since 1990. The IEA added, however, that it expected a large rebound in CO2 emissions when it reviews records from 2010, when the global economy showed signs of recovery………………………………………..Full Article: Source

Is the commodities bull run over?

Posted on 26 October 2011 by VRS  |  Email |Print

While the global commodity markets turned considerably lower during the third quarter of 2011, I do not believe that a sustained drop in commodity prices is likely.

Worldwide demographic trends will continue to place supply pressures on several commodity types, notably food and energy, while increased market volatility will likely result in continued investor appetites for precious metals………………………………………..Full Article: Source

How to fight the resource curse

Posted on 26 October 2011 by VRS  |  Email |Print

Emerging markets have been a buzz phrase for so long that the absence of news about countries such as Brazil, China and India, is cause for alarm. While developed countries in Europe and the United States have struggled to kick start GDP growth in the wake of the financial crisis, developing countries have been chugging along.

Developing countries have some big advantages when it comes to modernizing their economies………………………………………..Full Article: Source

New Edhec study finds commodities still offer diversification benefits

Posted on 26 October 2011 by VRS  |  Email |Print

The latest study from the Edhec-Risk Institute tackles the issue of whether investing in commodities for financial gain has caused greater volatility and a decade long rise in commodity prices over recent years.

The study, entitled ‘Long-Short Commodity Investing: Implications for Portfolio Risk and Market Regulation’ and authored by EDHEC-Risk Institute Professor Jolle Miffre was produced with market data and support from CME Group. It also sought to clarify whether increased use of commodities as investment tools has caused them to lose their traditional strength of non-correlation with financial investments………………………………………..Full Article: Source

Volatility ‘is here to stay’ in commodity markets

Posted on 26 October 2011 by VRS  |  Email |Print

Commodity markets are starting to reach short-term support levels but Citi has warned that volatility will continue, transforming the way the market is priced.

Heath Jansen, Citi’s European head of metals and mining research, said most commodities reached reasonable support levels over the past two weeks following the volatility of the past months………………………………………..Full Article: Source

Sated on commodities, euro zone still poses contagion risk

Posted on 26 October 2011 by VRS  |  Email |Print

The empires and periodic invasions of yesteryear are long gone, but Europe still has a talent for fomenting global crises. That applies to commodities—though not necessarily because of the Old Continent’s absolute demand.

In 2005, the euro zone’s current members burned 11.5 million barrels of oil a day, or 13.6% of global demand, according to the U.S. Department of Energy. Come 2010, as the euro zone slipped into an existential funk, oil demand was down to 10.6 million barrels a day, or 12.1%………………………………………..Full Article: Source

Money managers and commodities, the case against

Posted on 26 October 2011 by VRS  |  Email |Print

For those who believe that a build-up in long positions by money managers was responsible for fuelling the 2008 record rally in commodities, the above seems to suggest that it was also the slashing of the long open interest, alongside a build up in short positioning, which may have fueled the 2008 commodities crash — but only once the last short squeezes were fully eliminiated from the market.

SemGroup’s role as one of the last remaining shorts to be squeezed from the market has, for example, been well documented………………………………………..Full Article: Source

Commodities snapshot: Oversold for now, dollar holds the key

Posted on 26 October 2011 by VRS  |  Email |Print

Below are trading range charts for 10 major commodities from the Bespoke Group. All 10 commodities are currently at or below the bottom of their trading ranges, which would suggest at the moment, a good opportunity to get in at oversold levels for investors looking to gain long-term exposure.
However, U.S. dollar has been strengthening as investors fled the Euro debt and financial crisis seeking safety in the dollar. Since most commodities are priced in dollar, dollar movement will have considerable impact on commodity prices………………………………………..Full Article: Source

China economy set for softlanding, commodity imports to remain positive: Barclays

Posted on 26 October 2011 by VRS  |  Email |Print

The September Chinese trade data, combined with improving evidence from the macro front for October (a rebound in PMI and expansionary indications in the manufacturing sector), are in line with Barclays’ soft landing assumptions, as the bank continues to grow more positive on the outlook for China’s commodity import demand over the remainder of the year.

The report from Barclays paints an encouraging picture of China and eschews fears of a hard landing by the economy………………………………………..Full Article: Source

China’s oil thirst will squeeze market -funds

Posted on 26 October 2011 by VRS  |  Email |Print

China’s thirst for oil will squeeze prices higher and destroy demand in developed economies if world oil supply growth does not exceed current trends, said senior commodity fund managers who did not expect fast oil output rises in Libya and Iraq.

“In the last 12 months China’s demand for diesel for power generation has been one of the major drivers (of the market),” Tony Hall, chief investment officer of the Duet Commodities Fund, said at a conference in London on Tuesday………………………………………..Full Article: Source

Global focus shifts to resumption of Libya Oil production

Posted on 26 October 2011 by VRS  |  Email |Print

Libyan Colonel Gaddafi’s 42 year brutal reign is over, but the future looks murky ahead for a country primarily known for exporting oil and terrorism. One thing is for certain - international oil companies will be packing out flights to Tripoli to cut deals for a piece of the action.

Libya remains the wild card, with only 25 percent of the country’s oil potential territory explored………………………………………..Full Article: Source

Getting into the gold market

Posted on 26 October 2011 by VRS  |  Email |Print

From ancient civilizations through the modern era, gold has been the world’s currency of choice. Today, investors buy gold mainly as a hedge against political unrest and inflation. In addition, many top investment advisors recommend a portfolio allocation in commodities, including gold, in order to lower overall portfolio risk.

We’ll cover many of the opportunities for investing in gold, including bullion (i.e. gold bars), mutual funds, futures, mining companies and jewelry. With few exceptions, only bullion, futures and a handful of specialty funds provide a direct investment opportunity in gold. Other investments gain part of their value from other sources………………………………………..Full Article: Source

Gold jumps above $1,700

Posted on 26 October 2011 by VRS  |  Email |Print

Gold topped $1,700 per troy ounce Tuesday as equities sank with reports that a major policy announcement in Europe would be delayed.

European Union finance ministers canceled a meeting that was to include all 27 finance leaders from EU nations. The cancellation means heads of state gathering for Wednesday’s summit will be empty-handed when it comes to a detailed program for recapitalizing Europe’s banks and restructuring Greek debt………………………………………..Full Article: Source

Gold may extend rally to record $2,200 an ounce, AngloGold Ashanti says

Posted on 26 October 2011 by VRS  |  Email |Print

Gold could “easily” rise to $2,200 an ounce in the next two years as costs increase and global financial concerns persist, said the chief executive officer of AngloGold Ashanti Ltd. (AU), the third-largest producer of the metal.

“It costs almost $1,200 to produce an ounce of gold,” Mark Cutifani said at a conference in Perth today. “The gold price probably reflects the fundamentals of the industry.”……………………………………….Full Article: Source

Indians rush to buy more gold during festive period

Posted on 26 October 2011 by VRS  |  Email |Print

If any more proof was needed about India’s craze for gold, one just has to look at sales in just one city for just one day. Nearly 35 kilograms of gold was sold on a single day on Monday, earning more than $1.8 billion for traders on the highly auspicious Dhanteras, the day preceding Diwali.

Even as Indians get ready to celebrate the festival of lights Diwali on Wednesday, October 26, the people of Chandigarh in Punjab have shown the intensity with which the yellow metal continues to be revered in the country by buying up massive quantities of gold on Monday……………………………………….Full Article: Source

Gold investors still preferring to wait on the sidelines

Posted on 26 October 2011 by VRS  |  Email |Print

Here in South Africa, quarterly gold results are due from Harmony and DRD Gold in the next week but, in the current economic climate, investors and analysts remain cautious. And, the apparent disconnect between the bullion price, profit margins and the gold equity prices is symptomatic of this.

Whilst the US dollar/oz gold price has increased 185% over the last five years, Harmony’s share price over a similar period has decreased by 24%. Even more severely affected, DRD Gold has decreased by 60% over a comparative period……………………………………….Full Article: Source

How to bet on a precious metals bubble

Posted on 26 October 2011 by VRS  |  Email |Print

Gold ETFs have become some of the most popular options for investors to make a speculative play on their favorite precious metal. With unparalleled transparency, rock bottom fees, and superior liquidity, the exchange-traded structure has emerged in recent years as the vehicle of choice for all types of investors–from novices up to sophisticated hedge fund managers–to establish exposure to precious metals.

While gold has been boosted by bullish sentiment for much of the last few years, recent developments have heightened concerns about a bubble in the space……………………………………….Full Article: Source

Spot iron ore suffers biggest rout since 2009, more losses likely

Posted on 26 October 2011 by VRS  |  Email |Print

Spot iron ore prices fell nearly 4 percent in their biggest single-day drop since August 2009 as thin demand from top buyer China forced some traders to sell at a loss as offers dropped further on Tuesday.

Iron ore prices have shed 19 percent so far this month, the steepest monthly decline since October 2008, in a sell-off largely fueled by slower construction steel demand in China………………………………………..Full Article: Source

How to make ETFs less risky

Posted on 26 October 2011 by VRS  |  Email |Print

Harold Bradley and Bob Litan made some very good points about ETFs in their Congressional testimony last week — testimony which Paul Amery today greets as “a mixed bag”. But it’s hard to argue with this:
We have enough history with financial innovations to at least raise questions when we see an innovation growing at very rapid rates. ETFs are no exception………………………………………..Full Article: Source

Deutsche Bank commodities trading hits new record

Posted on 26 October 2011 by VRS  |  Email |Print

Deutsche Bank reported record-beating performance in commodities trading in the third quarter as it grabbed business from U.S. and European rival despite some of the sharpest falls in commodities prices since the 2008 financial crisis.
Deutsche has cemented a leading role among the biggest players in commodities in recent years, and bankers say it trails only Goldman Sachs and JP Morgan and is on par with Morgan Stanley and Barclays……………………………………….Full Article: Source

Commodities surge, led by metals, oil on Chinese manufacturing

Posted on 25 October 2011 by VRS  |  Email |Print

Commodities surged, led by copper, nickel, lead and oil after a report showed manufacturing probably expanded in China, the world’s top metal consumer and the fastest-growing user of crude.

The Standard & Poor’s GSCI Index of 24 raw materials gained 2.4 percent as copper rose to the biggest two-day rally since January 2009 and oil futures in New York increased to the highest level in 11 weeks. Commodities also rose after European governments moved closer to containing the region’s debt crisis………………………………………Full Article: Source

Inflation peaking in U.S. with most prices tumbling: Commodities

Posted on 25 October 2011 by VRS  |  Email |Print

Stephen StanleyThe biggest rout in commodities since the global recession may be a sign that the fastest U.S. inflation in three years is peaking. The Standard & Poor’s GSCI Index of 24 commodities entered a bear market last month after sliding more than 20 percent from a two-year high in April, on concern that slower growth will cut demand.
A slump in the gauge from a 2008 record preceded a drop in inflation, while a 2009 rebound caused the consumer price index to climb. Raw materials fell 12 percent in September as the CPI rose 3.9 percent from the same month a year earlier, the most since 2008………………………………………Full Article: Source

Commodity outflows spike amid macro uncertainty

Posted on 25 October 2011 by VRS  |  Email |Print

Commodity investments have fallen in consecutive quarters for the first time since 2008, suggesting that investors are expecting the worst. Amid concerns for global growth and volatile financial markets, total assets under management fell to $393 billion (c£246.4 billion) at the end of the third quarter, from $408 billion at the end of the second quarter, according to Barclays Capital.

Indeed, the quarter marked record volatility for the sector, with $9 billion inflows in July - the highest since December 2010 - followed by the largest-ever monthly outflow of $10 billion in September………………………………………Full Article: Source

Gold to find selling pressure at $1700: Barclays

Posted on 25 October 2011 by VRS  |  Email |Print

While maintaining a Gold price target of $1875/oz for Q4 2011, Barclays says that even though gold fundamentals are positive on the macro outlook, the need for liquidity and risk aversion will set the tone for the near term. Gold prices are expected to find selling pressure in the $1700 area.

Gold prices are expected to average $2000/oz in 2012………………………………………Full Article: Source

Harmony sees gold at $1,850 in 2012

Posted on 25 October 2011 by VRS  |  Email |Print

Harmony Gold sees the price of the commodity to average close to the record spot highs of September in 2012, but doesn’t bank on its peers’ views of sustainable prices north of $2,000/oz. Releasing its annual report for the 2011 financial year on Monday, Harmony said it was expecting the gold price to be around $1,850/oz in its next financial year, as gold continued to entrench its function as a store of value and a currency.

“Our belief in gold remains steadfast and we are forecasting continued high dollar prices in our next financial year, especially given a weaker dollar and global economic uncertainty,” CEO Graham Briggs wrote in his review………………………………………Full Article: Source

Gold to average $1875 in Q4; move till $1300 acceptable

Posted on 25 October 2011 by VRS  |  Email |Print

Gold price is expected to average $1875/oz in Q4, 2011 as the physical gold demand continues to cushion prices before investment demand takes off. Even though the volumes have softened, gold bar premiums in Asia is pretty high, indicating the strong demand for physical gold.

The G-20 nations asked Europe to formulate a plan to resolve the debt crisis within October 23. And this looks unlikely since many key issues are yet to be fully defined………………………………………Full Article: Source

Economists expect gold prices to reach $2,500 an ounce no later than 2013

Posted on 25 October 2011 by VRS  |  Email |Print

The general return of confidence in the U.S. dollar has cut demand for gold as a hedge against a collapse in the U.S. currency, but economists at Capital Economics said they don’t expect that to hold back gold for much longer — and investment demand should help boost silver too.

“The monetary policy backdrop is highly favorable” for gold, they said in a quarterly report issued Tuesday………………………………………Full Article: Source

Gold imports by India may decline 30pct on prices, Group says

Posted on 25 October 2011 by VRS  |  Email |Print

Gold imports by India, the world’s largest bullion consumer, may decline by as much as 30 percent this month as higher prices weaken demand during the main Hindu festival of Diwali, according to an industry group.

Imports may be 70 metric tons to 80 tons compared with 100 tons a year earlier, Prithiviraj Kothari, president of the Bombay Bullion Association, said by phone. Purchases on the auspicious gold-buying day of Dhanteras today have been slow as prices are almost 40 percent higher than last Diwali, he said………………………………………Full Article: Source

Speculators cut bullish exposure to gold again -CFTC Data

Posted on 25 October 2011 by VRS  |  Email |Print

Speculators continue to reduce their bullish exposure to U.S. gold futures and options as prices slipped, according to U.S. government data released late Friday.

Figures from the U.S. Commodity Futures Trading Commission showed that speculators in both the disaggregated and legacy Commitments of Traders reports cut the net-long positions in futures and options for gold on the Comex division of the New York Mercantile Exchange for the week ending Oct. 18………………………………………Full Article: Source

Citi raises gold, silver forecasts for 2012, 2013

Posted on 25 October 2011 by VRS  |  Email |Print

Citigroup Inc.raised its gold and silver forecasts for 2012 and 2013, citing expectations of increased resilience in both metals amid a “high probability” that the macroeconomic and financial factors that have propelled prices over the past three years will continue for the next 12-18 months.

The bank now sees gold averaging at $1,950 a troy ounce in 2012, compared with $1,650/oz previously forecast, and sees a 2013 gold price of $1,745/oz, up from $1,500/oz………………………………………Full Article: Source

Barclays: Indian silver imports may advance 50pct and gold 30-40pct y/y in Q4

Posted on 25 October 2011 by VRS  |  Email |Print

India’s Gold import could rise by 30-40% y/y in Q4 as consumers become more comfortable with prices at lower levels and with lower volatility. “Silver imports by India — the world’s largest bullion consumer– may rise by 50% y/y in Oct-Dec quarter to 250-300 tonnes taking total imports for the year in excess of 4000 tonnes.” stated Prithviraj Kothari, president of the Bombay Bullion Association.

Longer term investor interest has stabilised across the precious metals with gold holdings edging lower by a modest 0.2 tonnes while metal held in trust across Silver and the PGMs was unchanged on Friday, reported Barclays Capital………………………………………Full Article: Source

Silver is expected to average $38 in Q4, 2011 and rise to $42 by 2012 Q4

Posted on 25 October 2011 by VRS  |  Email |Print

Silver prices may rebound from its current bear market which has caused a decline of almost 40%. Silver fell from its May high of near $50 and is currently trading around $30.

Silver prices are expected to gain on the worsening European debt crisis and disappointing growth in developed economies. The Chinese factor will prove crucial as the country is expanding at 5 times US growth and has been a top consumer of silver………………………………………Full Article: Source

Copper’s busy September

Posted on 25 October 2011 by VRS  |  Email |Print

Copper fell by almost a quarter in September but has steadied on optimism that European leaders may soon strike a deal to solve the debt crisis, while expectations for a continued supply deficit should help underpin prices through to the end of the year.

“Copper price moves in the fourth quarter will depend on what happens on the macro front, they will be volatile and we see them in a $7,000-8,000 range,” said a CRU Group copper analyst………………………………………Full Article: Source

Iraq’s Shahristani says sees no need for OPEC cut

Posted on 25 October 2011 by VRS  |  Email |Print

Iraq’s deputy prime minister for energy, Hussain al-Shahristani, said on Monday current oil prices are acceptable for both consumers and producers and that he saw no need for OPEC to cut production at its next meeting.

“Current prices are acceptable for both consumers and producers, and we do not see any impact of the Europe debt crisis on global oil prices,” Shahristani said………………………………………Full Article: Source

Venezuela energy minister: $100/bbl oil ‘comfortable’

Posted on 25 October 2011 by VRS  |  Email |Print

Venezuela’s Energy Minister Rafael Ramirez said on Monday that oil prices at $100 per barrel were “comfortable” for producers and for the world economy.

On Monday, U.S. crude oil CLc1 rose 4.4 percent to settle at $91.27 per barrel. Traders attributed oil’s run-up mostly to China’s manufacturing data for October which, according to the HSBC purchasing managers’ index, snapped three months of contraction………………………………………Full Article: Source

Oil demand will not drop next year, says IEA

Posted on 25 October 2011 by VRS  |  Email |Print

The Organisation of Petroleum Exporting Countries (OPEC) will need to maintain or increase its oil production to meet global demand next year, despite concerns about the state of the world economy, the International Energy Agency said.

According to AFP report “There is an ample market for OPEC production at or above current levels” of 30.1 million barrels per day, said David Fyfe, director of the IEA’s market and oil divisions………………………………………Full Article: Source

OPEC marks down economic forecasts on uncertainties

Posted on 25 October 2011 by VRS  |  Email |Print

The Organisation of Petroleum Exporting Countries (OPEC) has cut down its forecasts on economic growth for 2011 and 2012 as a result of global economic uncertainties including the ineffectiveness of the United States’ stimulus packages.

The Organisation in its latest publication – OPEC Bulletin, cited the global economic uncertainties as the reason for the downward review of its economic growth forecasts for this year and next year………………………………………Full Article: Source

Euro currency futures suggest a buy signal

Posted on 25 October 2011 by VRS  |  Email |Print

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

Euro currency futures rallied today (10/24) for a fifth consecutive trading session as the U.S. dollar index declined………………………………………Full Article: Source

Brussels publishes details of carbon trading security requirements

Posted on 25 October 2011 by VRS  |  Email |Print

The European Commission has released details of its plan to create a centralised registry for emissions trading permits by January 2013, and security will be a paramount consideration

The European Commission has released details of its plan to create a centralised registry for emissions trading permits by January 2013, and security will be a paramount consideration………………………………………Full Article: Source

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