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Oil Advances on Cold Weather Forecast

SFO — Tue, 09 Feb 2010 00:01:51 +0000

Oil gained after forecast about winter storms in the U.S. this week. U.S. inventories of distillate fuel decreased last week after temperatures fell.

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European Market Update 2 8 2010

SFO — Tue, 09 Feb 2010 00:01:47 +0000

In equities: Despite a continued retracement in Asian equity markets, European bourses started the week firmer. Positive European rotation was led by a bounce in financials that printed losses of approx 6% as a sector in the previous week’s tradi

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US Market Update 2 8 2010

SFO — Mon, 08 Feb 2010 23:59:57 +0000

Trading has been choppy this morning given the absence of any economic data or major corporate earnings. With earnings season winding down and the calendar light of major data reports, traders await Ben Bernanke’s House testimony on Wednesday, wh

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Crude Oil Advance Favors Norways Krone

SFO — Mon, 08 Feb 2010 23:58:36 +0000

The krone rose today as Norway’s chief export, the crude oil, reverted a negative trend that forced commodity linked currencies down during most of last week’s trading session as concerns regarding Europe’s rising budget deficit eased slightly to

5 Vote(s) Read More Crude Oil Advance Favors Norways Krone

Oil Rises From SevenWeek Low on Forecast for More US Storms

SFO — Mon, 08 Feb 2010 23:57:27 +0000

Oil rose for the first time in four days as the U.S. mid-Atlantic region braced for a new winter storm in coming days and dug out from a weekend blizzard.

Retail turnover rises

SFO — Mon, 08 Feb 2010 14:59:50 +0000

Swiss retail sales rose 3.1 per cent in real, non-seasonally adjusted terms in December 2009, compared with the month before, says the Federal Statistics Office.

8 Vote(s) Read More Retail turnover rises

BOEs faith in weak pound misguided

SFO — Mon, 08 Feb 2010 14:59:43 +0000

The Bank of England (BoE) is misguided in relying on a weak pound to boost the economy, according to City experts…

7 Vote(s) Read More BOEs faith in weak pound misguided

EUR USD Rebounds on Short Covering

SFO — Mon, 08 Feb 2010 14:59:33 +0000

After a rudderless G7 meeting over the weekend that saw no resolution on the Greek crisis, risk currencies drifted lower once again at the start of Asian session trade, but rebounded sharply on short covering flows when European markets opened fo

6 Vote(s) Read More EUR USD Rebounds on Short Covering

US Dollar Have We Hit A Capitulation Point

SFO — Mon, 08 Feb 2010 14:58:11 +0000

It has been an extremely volatile day in the financial markets with the Dow Jones Industrial average falling close 160 points only to recover aggressively in the last hour of trading to end the day in positive territory. The turn in risk appetite

6 Vote(s) Read More US Dollar Have We Hit A Capitulation Point

Euro Holds Its Ground Despite Unsatisfactory G7

SFO — Mon, 08 Feb 2010 14:57:16 +0000

The G7 meeting over the weekend produced no concrete proposals on the resolution of the Greek crisis leaving the currency market adrift at the start of the Monday trade. The G7 officials also discussed the possibility of an additional 15bp tax on

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