Overview precious metals market for 26.01.10
Dynamics
Tuesday, January 26 quotes for gold and silver have completed trades with the increase in value against the backdrop of recovery of risk appetite, but also because of technical buying.
As a1000result of trading on the COMEX, division of the New York Mercantile Exchange (NYMEX), quotes gold futures rose by 2.70 to 1099.50 dollars per troy ounce, quotes, silver futures rose 29 cents to 17.86 dollars per ounce.
Causes
Tuesday, January 26 futures on precious metals have completed trades with the increase in value under the following factors: 1 - economic makrostatistika - favorable report on consumer sentiment prompted traders who had previously sold the gold to its purchase (calculated Conference Board index of confidence U.S. consumers rose in January to 55.9 from 53.6 in December, exceeding the forecast of 54.0), 2 - technical reasons - Gold futures bought at lower levels, after declining earlier in the session, 3 - good physical demand Gold from Far Eastern investors, observed recently, and the adjustment of positions related to the Expiration Date (Tuesday expiring options on the February contract for gold) supported the “gold” prices. After falling prices the demand for gold associated with the jewelry industry, often growing, which also contribute to the purchase before the new year on the Chinese calendar.
Many precious metals recovered some positions due to rebound in gold prices, but lower levels of completed tenders closing the previous session. Platinum group metals hit by news from China. The rebound in prices for platinum was driven by purchases at lower levels, given the launch of new traded index funds, which create demand for metals.
From news can note that the National Bank of Tajikistan (NBT) in 2009. increased the amount of gold in gold reserves at 26,5% to 4300 kg. (138.2 million ounces). Last year, the bank was purchased 901.7 kg. gold. NBT plans in 2010. buy to replenish the reserves over 1 tons of gold. Total in 2009. Tajikistan”s gold and currency reserves grew by 77% to 351,4 million dollars. The banking system of the republic consists of 136 credit organizations, including 13 banks and 123 non-bank financial institutions: 7 credit societies, 31 mikrodepozitnyh credit institutions, 42 microcredit organizations, 43 micro-lending fund. Their total assets, according to operative data, are 7.42 billion somoni - about 1,7 billion dollars. Equity capital of the banking system of the republic in 2009. increased by 14,2% and reached about 1,242 billion TJS - 284,2 million dollars. The main supplier of gold to replenish the reserves of the NBT - Tajik-Chinese joint venture “Zeravshan.” In 2009. enterprise because of the modernization of production has reduced the production of gold at 18.62% up to 1361 kg. in comparison with 2008. In 2010, Zeravshan plans to increase gold production by 2 times.
What to expect?
Traditional purchase of precious metals in the early years of the funds, the overall improvement in investor sentiment, as well as decrease the U.S. dollar will provide sustained support to the quotations of gold and silver. However, the situation could change dramatically if the dollar will resume its strengthening, as the inverse correlation between the dollar and the prices of precious metals continues.
Why worry?
volatile changes in the currency market may be reflected in the sharp fluctuations of prices for precious metals.
review the oil market for 26.01.10
Dynamics
Quotes of the oil market Tuesday, January 26 and results of the auctions closed with a decrease in value against the backdrop of tightening monetary conditions in China and the anticipated increase in U.S. stockpiles of crude oil and petroleum1000products, and also because of the negative dynamics of the stock pads.
At the New York Stock Exchange NYMEH the March futures price of U.S. crude fell by 0.55, or 0.7%, and its price was 74.71 dollars per barrel.
The exchange ICE in London, Brent crude futures price fell 0.40, or 0.5%, to 73.29 dollars per barrel.
Causes
Tuesday, January 26 quotes on the market of “black gold” closed with a decrease in price under the following factors: 1 - economic news - talk of tightening monetary conditions in China suggest the market participants to think about how to be curl monetary and fiscal stimulus packages in the world economy, so investors are concerned that the uneven economic recovery may limit the growth in demand for oil, 2 - the fall of the stock sites, where the blue chips on Wall Street suffered losses despite a strong record of U.S. consumer confidence, as well as a report of Apple and other news of corporate character on the eve of Fed decision on rates (Dow Jones industrial average - 10194.29 (-2.57, or -0.03%), Nasdaq Composite - 2203.73 (-7.07, or -0.32%) SP 500 - 1092.17 (-4.61 or -0.42%)), 3 - slight strengthening of the dollar in the foreign exchange market, FOREX, which exerted downward pressure on the oil market; 4 - economic data - the American Petroleum Institute (API) on Tuesday reported that he estimated oil reserves rose by 2.23 million barrels, gasoline inventories - at 0.916 million barrels, distillate stocks fell by 1.98 million barrels, while busy refining capacity increased by 0.3 percentage points to 77,6%.
From news worth noting that the Iraqi Oil Ministry has signed a definitive agreement with the state oil company Sonangol to develop Angola”s oil fields Kayara and Najma. Kayary reserves estimated at 800 million barrels, and Najm - 900 million company has made its goal to boost production from the field Kayara to 120 thousand barrels per day, but on the field Najma - up to 110 thousand barrels per day. Sonangol is planning to invest $ 2 billion in development Kayary. Last year, Iraq has held two rounds of bidding for the right to develop oil fields, hoping with the help of foreign oil companies to increase oil production to 12 million barrels per day from 2.5 million and become one of the world”s leading mining, along with Russia and Saudi Arabia.
What to expect?
The main event of today”s trading session is out of data on stocks of petroleum and petroleum products from the U.S. Department of Energy, which can set the future direction trading. Market participants expect to reduce stockpiles of distillates, but at the same time, expect growth stocks of gasoline and crude oil. Among distillates include heating oil and diesel fuel.
Why worry?
The main negative factors in the oil market are U.S. dollar and the technical picture, namely, the psychological and technical level of $ 80 per barrel, which does not allow to pass higher oil prices, thereby encouraging market participants to lock in profits on the open long positions.
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Analyst Ratings
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Conference on-line on the topic: “The American Economy: Obama goes to work?”
Speculative recommendation on shares of MMC Norilsk Nickel, Gazprom, Lukoil, Sberbank and VTB
The level of support for the RTS Index futures for today-146 800 points
Possibility of further decline in investment activity in Russia”s stock market in the next few weeks remains
The main negative factors in the oil market are U.S. dollar and the technical picture
Overview precious metals market for 26.01.10
Dynamics
Tuesday, January 26 quotes for gold and silver have completed trades with the increase in value against the backdrop of recovery of risk appetite, but also because of technical buying.
As a1000result of trading on the COMEX, division of the New York Mercantile Exchange (NYMEX), quotes gold futures rose by 2.70 to 1099.50 dollars per troy ounce, quotes, silver futures rose 29 cents to 17.86 dollars per ounce.
Causes
Tuesday, January 26 futures on precious metals have completed trades with the increase in value under the following factors: 1 - economic makrostatistika - favorable report on consumer sentiment prompted traders who had previously sold the gold to its purchase (calculated Conference Board index of confidence U.S. consumers rose in January to 55.9 from 53.6 in December, exceeding the forecast of 54.0), 2 - technical reasons - Gold futures bought at lower levels, after declining earlier in the session, 3 - good physical demand Gold from Far Eastern investors, observed recently, and the adjustment of positions related to the Expiration Date (Tuesday expiring options on the February contract for gold) supported the “gold” prices. After falling prices the demand for gold associated with the jewelry industry, often growing, which also contribute to the purchase before the new year on the Chinese calendar.
Many precious metals recovered some positions due to rebound in gold prices, but lower levels of completed tenders closing the previous session. Platinum group metals hit by news from China. The rebound in prices for platinum was driven by purchases at lower levels, given the launch of new traded index funds, which create demand for metals.
From news can note that the National Bank of Tajikistan (NBT) in 2009. increased the amount of gold in gold reserves at 26,5% to 4300 kg. (138.2 million ounces). Last year, the bank was purchased 901.7 kg. gold. NBT plans in 2010. buy to replenish the reserves over 1 tons of gold. Total in 2009. Tajikistan”s gold and currency reserves grew by 77% to 351,4 million dollars. The banking system of the republic consists of 136 credit organizations, including 13 banks and 123 non-bank financial institutions: 7 credit societies, 31 mikrodepozitnyh credit institutions, 42 microcredit organizations, 43 micro-lending fund. Their total assets, according to operative data, are 7.42 billion somoni - about 1,7 billion dollars. Equity capital of the banking system of the republic in 2009. increased by 14,2% and reached about 1,242 billion TJS - 284,2 million dollars. The main supplier of gold to replenish the reserves of the NBT - Tajik-Chinese joint venture “Zeravshan.” In 2009. enterprise because of the modernization of production has reduced the production of gold at 18.62% up to 1361 kg. in comparison with 2008. In 2010, Zeravshan plans to increase gold production by 2 times.
What to expect?
Traditional purchase of precious metals in the early years of the funds, the overall improvement in investor sentiment, as well as decrease the U.S. dollar will provide sustained support to the quotations of gold and silver. However, the situation could change dramatically if the dollar will resume its strengthening, as the inverse correlation between the dollar and the prices of precious metals continues.
Why worry?
volatile changes in the currency market may be reflected in the sharp fluctuations of prices for precious metals.
review the oil market for 26.01.10
Dynamics
Quotes of the oil market Tuesday, January 26 and results of the auctions closed with a decrease in value against the backdrop of tightening monetary conditions in China and the anticipated increase in U.S. stockpiles of crude oil and petroleum1000products, and also because of the negative dynamics of the stock pads.
At the New York Stock Exchange NYMEH the March futures price of U.S. crude fell by 0.55, or 0.7%, and its price was 74.71 dollars per barrel.
The exchange ICE in London, Brent crude futures price fell 0.40, or 0.5%, to 73.29 dollars per barrel.
Causes
Tuesday, January 26 quotes on the market of “black gold” closed with a decrease in price under the following factors: 1 - economic news - talk of tightening monetary conditions in China suggest the market participants to think about how to be curl monetary and fiscal stimulus packages in the world economy, so investors are concerned that the uneven economic recovery may limit the growth in demand for oil, 2 - the fall of the stock sites, where the blue chips on Wall Street suffered losses despite a strong record of U.S. consumer confidence, as well as a report of Apple and other news of corporate character on the eve of Fed decision on rates (Dow Jones industrial average - 10194.29 (-2.57, or -0.03%), Nasdaq Composite - 2203.73 (-7.07, or -0.32%) SP 500 - 1092.17 (-4.61 or -0.42%)), 3 - slight strengthening of the dollar in the foreign exchange market, FOREX, which exerted downward pressure on the oil market; 4 - economic data - the American Petroleum Institute (API) on Tuesday reported that he estimated oil reserves rose by 2.23 million barrels, gasoline inventories - at 0.916 million barrels, distillate stocks fell by 1.98 million barrels, while busy refining capacity increased by 0.3 percentage points to 77,6%.
From news worth noting that the Iraqi Oil Ministry has signed a definitive agreement with the state oil company Sonangol to develop Angola”s oil fields Kayara and Najma. Kayary reserves estimated at 800 million barrels, and Najm - 900 million company has made its goal to boost production from the field Kayara to 120 thousand barrels per day, but on the field Najma - up to 110 thousand barrels per day. Sonangol is planning to invest $ 2 billion in development Kayary. Last year, Iraq has held two rounds of bidding for the right to develop oil fields, hoping with the help of foreign oil companies to increase oil production to 12 million barrels per day from 2.5 million and become one of the world”s leading mining, along with Russia and Saudi Arabia.
What to expect?
The main event of today”s trading session is out of data on stocks of petroleum and petroleum products from the U.S. Department of Energy, which can set the future direction trading. Market participants expect to reduce stockpiles of distillates, but at the same time, expect growth stocks of gasoline and crude oil. Among distillates include heating oil and diesel fuel.
Why worry?
The main negative factors in the oil market are U.S. dollar and the technical picture, namely, the psychological and technical level of $ 80 per barrel, which does not allow to pass higher oil prices, thereby encouraging market participants to lock in profits on the open long positions.
2; user rated material at 4.
&ba3lt;br>
Analyst Ratings
Employers increased their level of optimism
The skirmish over 2 billion dollorov: whether Tymoshenko tease Stelmakh?
Easiest way for the government - to take away funds from the National Bank of …
Forex - Asia
Russia market succumbed to the negative, received from the European sites, and again decreases
At 13.00 Moscow time trade on the MICEX Stock Exchange amounted to 76760.1 million rubles
Conference on-line on the topic: “The American Economy: Obama goes to work?”
Speculative recommendation on shares of MMC Norilsk Nickel, Gazprom, Lukoil, Sberbank and VTB
The level of support for the RTS Index futures for today-146 800 points
Possibility of further decline in investment activity in Russia”s stock market in the next few weeks remains