Market Overview oil
Dynamics
Trades on the market of black gold on Monday, July 20, continued upward momentum in the background of favorable macro-economic data and growth expectations, increasing demand for energy in the foreseeable future.
At the New York Stock Exchange NYMEH cost of the August futures for U.S. light crude oil rose by 0.42 dollars and its price, therefore, amounted to 63.98 dollar per barrel.
At the ISE Stock Exchange in London mark Brent oil price rose to 66.50 dollars per barrel.
Causes
At the auction on Monday 20 July, the oil quotations showed a decline in growth due to the dollar and the growth of stock markets. Last week, the price of oil rose by 6.1% #9472, the first weekly rise for the month #9472; with the support of the good macroeconomic performance and surpassed forecasts of quarterly reports of several large American companies.
From the news it should be noted that the Minerals Management Service in the United States Department of the Interior announced the results of bidding for the acquisition of exploration permits in the central part of the Gulf of Mexico, where she received more than $ 700 million. Money received for the 328 licenses that go into the State Treasury. They provide for financial assistance to all 50 states of the federation. In the tender was attended by over 70 companies. The highest price paid Shell Gulf of Mexico Inc. for block 721 in the Mississippi Canyon: more than 65,6 million dollars. The license area is located in the deep water area of 800-1600 m. The five major customers include companies: Shell Gulf of Mexico Inc. (514 million dollars for 39 licenses), BHP Billiton Petroleum Inc. ($ 50 million for 28 licenses), BP Exploration Production Inc. (77 million dollars for 25 licenses), Ecopetrol America Inc. (19 million dollars for 22 licenses), Noble Energy Inc. (54 million dollars for 22 licenses).
What to expect?
This week, the price of oil will depend on three determinants: release of macroeconomic data, the dynamics of stock markets and investor relations to the dollar. Supporting oil prices may have reported the growth of fuel consumption in China #9472; the world's second largest consumer of oil. According came on Friday to official statistics, China's refineries to increase production to record levels in June.
What is fear?
In the face of continued upward trend is not to lose your head and remember that any upward movement is accompanied by a stage of correction, which, in turn, can turn into the opposite traffic. This could become a regular report on the output of oil from the Ministry of the United States.
Market Overview precious metals
Dynamics
On Monday 20 July, at the tender price of gold and silver have shown significant growth. The price of gold reached a peak in the fifth against the weakening dollar, which dropped in price on news that CIT Group avoid bankruptcy due to financial support.
As a result of trades on the COMEX, division New York commodity exchange (NYMEX), gold stood at around dollarav 948.80 per troy ounce, while silver closed at around 13.62 dollars per ounce.
Causes
On Monday, gold trade with the increase, recovered from the minima at 937.45 dollars before the session peak of 955.40 dollars per ounce - its highest level since June 12. Traders noted the large purchases by the Swiss bank above 947 dollars per troy ounce.
From the news it may be noted that the Canadian Fortuna Silver Mines Inc. made a revaluation of reserves at the mine Kayoma in southern Peru. According to the stocks of deposits increased to 20.3 million ounces of silver. Under the new calculation, the confirmed reserves of precious metals at the mine increased by 404% since the previous assessment of reserves by about three years ago. Today, the mine processed 1.2 tons of ore a day and is projected in 2009 is planned to produce 1.6 million ounces of pure silver.
Current exploration Intrepid Mines Ltd on one of the most promising areas of the Indonesian project Tudzhuh-Bukit again led to the discovery of several new areas rich in oxidized gold-silver mineralization in the ore deposits with a lower content. According to the company, the results obtained in the zone, make a greater contribution to the overall resources of the deposit, as well as on the background of large anomalies were found in richer areas of mineralization. In the area now being studied as the most promising, and is considered separately from the Zones A and C, for which the estimated total resources of 2.57 million ounces (80 tonnes) of gold equivalent.
What to expect?
this week apparently increased interest in gold. Among the obvious reasons I would like to note a new wave of weakening dollar, rising oil prices and other commodities, corporate accountability for the II quarter of the companies, as well as the technical factor - quotes anchored to a strong level of 942.00 dollars per ounce.
What is fear?
The weakening of the dollar to a minimum against the euro has had a very positive impact on the gold market. Investors invest their money in the metal, protecting their savings from the devaluation of American currency. However, such an active beginning the week could trigger a record profit on gold and turn on the dollar.
market review of non-ferrous metals
Dynamics
On Monday 20 July at the bid price of nonferrous metals have shown a rising momentum against the backdrop of the growth of stock indices at all sites and the deterioration in sentiment against the U.S. dollar.
At the London Metal Exchange LME aluminum closed at a price of 1713 dollars per ton.
Copper at the close of the Exchange cost 5395 dollars per ton.
Nickel bids amounted to a cost 16350 dollars per ton.
Causes
Trades on Monday 20 July, took place against a background of optimism in the financial markets. Significant support metal markets had a positive makrostatistika that showed the index of producer prices in Germany in June fell by 0.1% m /m, while the expected increase of 0.5%. The fall in annual terms was 4.6% versus a projected decrease of 4.1%. That, in turn, increased the pressure on the dollar and add optimistic market participants. Positive corporate news only added a note of the positive in the bidding process.
news worth noting that in June of Chile copper export in the amount of 1,979 billion dollars, is 37% lower than a year ago. In May, exports amounted to 1.889 billion dollars. Chile is the largest exporter of copper in the world, producing about a third of the world's metal. The sharp drop in copper prices last year as a result of the global financial crisis caused a drop in income of Chile. Despite this, the Government expects that the price of copper will stabilize this year at $ 2 per pound. In 2008, the price fell from record highs of 4 dollars per pound.
In view of the increasingly growing optimism on trading floors due to the positive output makrostatistiki and corporate reports can assume a further increase in metals in the week.
What is fear?
However, do not even remember that when something ends, followed by improvement of the situation emerged in the market of metals could be time to slow down, due to weak demand during the summer period.
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Analyst Ratings
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Ð£ÐºÑ€Ð·Ð°Ð»Ð¸Ð·Ð½Ñ‹Ñ†Ñ again became virtually profitable
The Russian stock market remains fairly strong against the backdrop of positive reporting in the United States
At this time, the local resistance to the quotations of black gold is the level of $ 67 per barrel
Conference on-line: The real estate market: bottom has already passed?
It is not yet crossed the barrier of 1000 points on the MICEX index, bear a very dangerous
Against the backdrop of the strengthening of the ruble is growing interest in ruble bonds
Improving the quotation OGK-3 and Enele WGC-5 is a reflection of the general trend emerging in the area of generation
Review of the FOREX market for 20.07.09
Yesterday, a pair of Euro /dollar traded in the U.S. session close of 1.4220
The price of gold reached a peak in the fifth against the weakening dollar
Market Overview oil
Dynamics
Trades on the market of black gold on Monday, July 20, continued upward momentum in the background of favorable macro-economic data and growth expectations, increasing demand for energy in the foreseeable future.
At the New York Stock Exchange NYMEH cost of the August futures for U.S. light crude oil rose by 0.42 dollars and its price, therefore, amounted to 63.98 dollar per barrel.
At the ISE Stock Exchange in London mark Brent oil price rose to 66.50 dollars per barrel.
Causes
At the auction on Monday 20 July, the oil quotations showed a decline in growth due to the dollar and the growth of stock markets. Last week, the price of oil rose by 6.1% #9472, the first weekly rise for the month #9472; with the support of the good macroeconomic performance and surpassed forecasts of quarterly reports of several large American companies.
From the news it should be noted that the Minerals Management Service in the United States Department of the Interior announced the results of bidding for the acquisition of exploration permits in the central part of the Gulf of Mexico, where she received more than $ 700 million. Money received for the 328 licenses that go into the State Treasury. They provide for financial assistance to all 50 states of the federation. In the tender was attended by over 70 companies. The highest price paid Shell Gulf of Mexico Inc. for block 721 in the Mississippi Canyon: more than 65,6 million dollars. The license area is located in the deep water area of 800-1600 m. The five major customers include companies: Shell Gulf of Mexico Inc. (514 million dollars for 39 licenses), BHP Billiton Petroleum Inc. ($ 50 million for 28 licenses), BP Exploration Production Inc. (77 million dollars for 25 licenses), Ecopetrol America Inc. (19 million dollars for 22 licenses), Noble Energy Inc. (54 million dollars for 22 licenses).
What to expect?
This week, the price of oil will depend on three determinants: release of macroeconomic data, the dynamics of stock markets and investor relations to the dollar. Supporting oil prices may have reported the growth of fuel consumption in China #9472; the world's second largest consumer of oil. According came on Friday to official statistics, China's refineries to increase production to record levels in June.
What is fear?
In the face of continued upward trend is not to lose your head and remember that any upward movement is accompanied by a stage of correction, which, in turn, can turn into the opposite traffic. This could become a regular report on the output of oil from the Ministry of the United States.
Market Overview precious metals
Dynamics
On Monday 20 July, at the tender price of gold and silver have shown significant growth. The price of gold reached a peak in the fifth against the weakening dollar, which dropped in price on news that CIT Group avoid bankruptcy due to financial support.
As a result of trades on the COMEX, division New York commodity exchange (NYMEX), gold stood at around dollarav 948.80 per troy ounce, while silver closed at around 13.62 dollars per ounce.
Causes
On Monday, gold trade with the increase, recovered from the minima at 937.45 dollars before the session peak of 955.40 dollars per ounce - its highest level since June 12. Traders noted the large purchases by the Swiss bank above 947 dollars per troy ounce.
From the news it may be noted that the Canadian Fortuna Silver Mines Inc. made a revaluation of reserves at the mine Kayoma in southern Peru. According to the stocks of deposits increased to 20.3 million ounces of silver. Under the new calculation, the confirmed reserves of precious metals at the mine increased by 404% since the previous assessment of reserves by about three years ago. Today, the mine processed 1.2 tons of ore a day and is projected in 2009 is planned to produce 1.6 million ounces of pure silver.
Current exploration Intrepid Mines Ltd on one of the most promising areas of the Indonesian project Tudzhuh-Bukit again led to the discovery of several new areas rich in oxidized gold-silver mineralization in the ore deposits with a lower content. According to the company, the results obtained in the zone, make a greater contribution to the overall resources of the deposit, as well as on the background of large anomalies were found in richer areas of mineralization. In the area now being studied as the most promising, and is considered separately from the Zones A and C, for which the estimated total resources of 2.57 million ounces (80 tonnes) of gold equivalent.
What to expect?
this week apparently increased interest in gold. Among the obvious reasons I would like to note a new wave of weakening dollar, rising oil prices and other commodities, corporate accountability for the II quarter of the companies, as well as the technical factor - quotes anchored to a strong level of 942.00 dollars per ounce.
What is fear?
The weakening of the dollar to a minimum against the euro has had a very positive impact on the gold market. Investors invest their money in the metal, protecting their savings from the devaluation of American currency. However, such an active beginning the week could trigger a record profit on gold and turn on the dollar.
market review of non-ferrous metals
Dynamics
On Monday 20 July at the bid price of nonferrous metals have shown a rising momentum against the backdrop of the growth of stock indices at all sites and the deterioration in sentiment against the U.S. dollar.
At the London Metal Exchange LME aluminum closed at a price of 1713 dollars per ton.
Copper at the close of the Exchange cost 5395 dollars per ton.
Nickel bids amounted to a cost 16350 dollars per ton.
Causes
Trades on Monday 20 July, took place against a background of optimism in the financial markets. Significant support metal markets had a positive makrostatistika that showed the index of producer prices in Germany in June fell by 0.1% m /m, while the expected increase of 0.5%. The fall in annual terms was 4.6% versus a projected decrease of 4.1%. That, in turn, increased the pressure on the dollar and add optimistic market participants. Positive corporate news only added a note of the positive in the bidding process.
news worth noting that in June of Chile copper export in the amount of 1,979 billion dollars, is 37% lower than a year ago. In May, exports amounted to 1.889 billion dollars. Chile is the largest exporter of copper in the world, producing about a third of the world's metal. The sharp drop in copper prices last year as a result of the global financial crisis caused a drop in income of Chile. Despite this, the Government expects that the price of copper will stabilize this year at $ 2 per pound. In 2008, the price fell from record highs of 4 dollars per pound.
In view of the increasingly growing optimism on trading floors due to the positive output makrostatistiki and corporate reports can assume a further increase in metals in the week.
What is fear?
However, do not even remember that when something ends, followed by improvement of the situation emerged in the market of metals could be time to slow down, due to weak demand during the summer period.
Your grade will be the first!
Analyst Ratings
Ð£ÐºÑ€Ð·Ð°Ð»Ð¸Ð·Ð½Ñ‹Ñ†Ñ again became virtually profitable
The Russian stock market remains fairly strong against the backdrop of positive reporting in the United States
At this time, the local resistance to the quotations of black gold is the level of $ 67 per barrel
Conference on-line: The real estate market: bottom has already passed?
It is not yet crossed the barrier of 1000 points on the MICEX index, bear a very dangerous
Against the backdrop of the strengthening of the ruble is growing interest in ruble bonds
Improving the quotation OGK-3 and Enele WGC-5 is a reflection of the general trend emerging in the area of generation
Review of the FOREX market for 20.07.09
Yesterday, a pair of Euro /dollar traded in the U.S. session close of 1.4220