The price of oil collapsed below $ 70: Brent futures traded on the mark just above $ 69

Written by admin on June 26th, 2009

Europe

Old World Index grew by an average of 1.3% - because the relevant statistics on Friday does not go, the main movement of world trade areas based on corporate news, but they were quite good. Thus, one of the most conspiratorial companies in the world, Glencore, reported on a possible IPO, while Xstrata was negotiating a merger with Anglo American.

America

Index New World closed down differently in the range from -0.2% to 1.1% - leading the financial sector and high technology. In general, the situation on the trading floors spoke of the exhaustion of the stock of actual trade ideas and points to the speculative game taking place on a case by case basis.

raw materials, currency, etc.

Industrial metals at auction in London, moved slightly higher after a week-long fall. Gold is at $ 935, fully repeating the confusion prevailing in the dynamics of the U.S. dollar (I continue to believe that the dollar will strengthen its position through the position of the Fed tightening of monetary policy).

The price of oil collapsed below $ 70: Brent futures traded on the mark just above $ 69, to mark WTI futures are about $ 69.25 - the prospects for demand reduction is seriously afraid of the players, and speculative factors that cause prices to rise, have been exhausted.

Statistics and Reporting

Tuesday issued an extremely quiet day in terms of release of macroeconomic statistics - even plainly nothing to mention. From other information about the following noteworthy statement, Jean-Claude Trichet at a conference in Madrid, and continued the season of annual general meetings of shareholders in Russia.

Leaders of the European Union in order to prevent future crises in the past agreed to the summit of a regional system of monitoring the financial markets
Leaders of growth falling to 19.06.2009
Overview of the oil market for 19.06.09
The technical analysis of currency pairs
Today, expect short-term market correction of EUR /USD up
Review of the FOREX market for 19.06.09
We are looking forward to the new focus
Asian markets on Monday morning went to the positive territory
Technical analysis of stock on the MSCI Brazil index

 

Leave a Comment