Fri, Oct 31, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold continues bearish move since testing $1800

Posted on 14 December 2012

After the digestion of not only the initial FOMC rate announcement, but the Bernanke commentary in the afternoon, thebig story is actually the bond market. The SP futures (emini DEC12) are slightly above unchanged while the US bond market is down today. In addition to the US 30yr bond futures trading down .38%.
We are also watching the various months of the Eurodollar interest rate futures contracts as indicators of how the market is digesting the FOMC commentary. Eurodollars expiring in 2015 and 2016 are taking the biggest hit from sellers this morning, perhaps indicating that the market is getting more poised for higher growth………………………………………..Full Article: Source

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

 Article link

This post was written by:

VRS - who has written 37739 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031