Tuesday, 15 January 2013

COPPER

London copper rebounded on Tuesday from two-week lows hit the session before after comments by the U.S. Federal Reserve chief suggested the central bank could maintain its monetary easing policy, eroding the dollar.




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U.S.CRUDE

U.S. February crude was up 3 cents at $93.59 a barrel, having swung from $92.95 to $94.29.





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BRENT CRUDE

Brent crude oil edged up in choppy trading on Monday, seesawing with the U.S. dollar, as investors weighed a statement from Saudi Arabia disputing claims OPEC’s largest producer has altered its output policy.




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U.S.MARKET

The US markets ended largely unchanged after crawling along the flat line for most of the session as investors sat on the sidelines ahead of a busy week of corporate earnings and dragged down by weakness in Apple. The CBOE volatility index closed above 13.


 Dow Jones Industrial Average was up 0.13% or 17.21 points at 13488.43. Nasdaq Composite slipped 0.26% or 8.13 points at 3117.5. Standard & Poor-s 500 was down 0.09% or 1.37 points at 1470.68.


 

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COMMODITY MARKET OUTLOOK 15-01-2013

Crude oil slide below 93$
Silver for immediate delivery climbed as much as 1.1 percent

Gold raise above 1670$.




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Monday, 14 January 2013

ASIAN STOCK

Asian shares rose on Friday amid an improving outlook for global economies and reduced anxiety over the euro zone’s debt problems, while the yen slid on renewed expectations for aggressive monetary easing in Japan.



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DOLLAR

The dollar rose to as high as 89.35 yen, its strongest since June 2010, before giving up some of its gains to trade at 88.90 yen, still up 0.2 percent from late U.S. levels.