The yen weakened for a second day and neared a 2 1/2 year-low against the dollar after Prime Minister Shinzo Abe urged Bank of Japan (8301) Governor Masaaki Shirakawa to double the central bank’s inflation goal.
Shirakawa said yesterday the BOJ was in close cooperation with the government, raising speculation policy makers will boost stimulus when they meet Jan. 21-22. Japan’s currency...
Shenhua Energy Leads China Coal Stocks Lower as Equities Swing
Chinese stocks swung between gains and losses as declines by energy companies overshadowed gains by industrial companies.
China Shenhua Energy Co. and China Coal Energy Co. led coal producers lower. China Cosco Holdings Co. (601919), the world’s largest operator of dry-bulk ships, advanced 1.8 percent as better-than- estimated export data raised speculation demand for marine transport...
Noble to Lift Aspire Stake to Increase Mongolia Coal Shipments
Noble Group Ltd. (NOBL), Asia’s biggest listed commodity supplier, agreed to boost its stake inAspire Mining Ltd. (AKM) and to help fund the explorer’s railway in northern Mongolia as seeks to expand coal shipments from the nation.
The Hong Kong-based trader will pay A$2.8 million ($2.9 million), or 8 cents a share, to increase its holding to 15 percent from 10 percent, Perth-based Aspire...
FOREX-Yen near 2-1/2-year low, Aussie up on strong China data
* BOJ easing expectations keep hammering yen
* Some market players wary of correction in yen
* China Dec exports up 14.1%, boosts Aussie/yen to 4-yr high
* Euro near 3-week low, ECB seen holding rates steady
* Yen down 0.3%, euro falls 0.2%, Aussie up 0.3% vs USD
By Hideyuki Sano
TOKYO, Jan 10 (Reuters) - The yen was on the defensive near a 2-1/2-year low on Thursday...
Asian Stocks Advance on China Trade as Yen Weakens; Crude Gains
Asian stocks rose to a 17-month high after China’s exports grew more than estimated and investors speculated Japan will expand stimulus. Commodities advanced, while the yen neared a 2 ½-year low against the dollar.
The MSCI Asia Pacific Index (MXAP) climbed 0.8 percent at 2:39 p.m. in Tokyo. Futures on the Standard & Poor’s 500 Index added 0.3 percent. The Nikkei 225 Stock Average gained 0.8 percent as the yen weakened...
Soft Commodity Quarterly Report: Cocoa, Coffee, Sugar Decline While Cotton Holds Steady Near Lows
by Edward Faubert
We examine performance of the major soft commodities during the fourth quarter of 2012.
Despite a year of more quantitative easing, soft commodity markets slump amid newfound surpluses.
Coffee
Coffee prices as measured by the ICE futures contract (KC) finished the fourth quarter at $1.438 a pound, down 38 cents, or 21 percent, on the quarter (down 78 cents or 35 percent for...
EUR/USD Lacks Stimulus: Earnings, Fed Speeches And ECB Eyed
With the year-end market euphoria slowly but steadilyy losing its momentum, the European shared currency approaches the London session in apparent tranquility at USD 1.3070. The Japanese Yen topped the climbers board vs. G10 currencies on Tuesday, which continued to strengthen on profit taking, followed by the U.S. dollar. CONTINUE READING CLICK http://seekingalpha....
Oil down after dour Europe jobless report
BANGKOK (AP) -- The price of oil fell below $93 Wednesday after unemployment in the countries that use the euro rose to its highest level since the single currency was founded.
Benchmark oil for February delivery was down 19 cents to $92.96 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 4 cents to
Continue Reading,Click&nb...
Forex: Dollar Awaits Clear Risk Bearing, EUR/USD Eyes 1.3000
Dollar Awaits Clear Risk Bearing, EUR/USD Eyes 1.3000
Japanese Yen Posts Biggest Rally in Over Four Months
Euro Draws Little Strength From ESM Bond Sale, Japan Interest, Data
Australian Dollar Absorbs Data Quickly, Yield Resisting Risk Trend Concerns
To be continued click the follwing link http://finance.yahoo.com/news/forex-dollar-awaits-clear-risk-052900451.html...
Canadian Dollar Falls First Time in 3 Days as Risk Demand Ebbs
The Canadian dollar fell against its U.S. counterpart for the first time in three days as global risk appetite declined.
The currency erased gains from earlier today as stocks declined and futures on crude oil, the nation’s largest export, slipped. A report tomorrow is projected to show housing starts slowed in December, which may indicate the country’s real estate market is headed for a soft...
Brazil sugar, ethanol exports at peaks - ISO
* Brazil record sugar exports for any month was October 2012
* Brazilian ethanol exports in 2012 exceeded 2011, 2010
* Increased U.S. demand for ethanol boosted exports
By David Brough
LONDON, Jan 8 (Reuters) - Brazilian sugar exports in
December reached a record for the month after dry weather aided
harvesting, adding to a global supply glut, the London-based
International Sugar Organization (ISO)...
Aviva offers Delta Lloyd stake at 12.15-12.65 euros/shr -sources
Jan 8 (Reuters) - Aviva Plc is offering its
remaining stake in Dutch insurer Delta Lloyd at a price
range of 12.15 euros to 12.65 euros per share, two sources
familiar with the matter said.
Aviva said earlier on Tuesday it planned to sell as many as
34.3 million shares in Delta Lloyd via an accelerated bookbuild...
Precision Castparts completes Titanium Metals deal
PORTLAND, Ore. (AP) -- Precision Castparts Corp. said Tuesday that it has completed its acquisition of Titanium Metals Corp. for roughly $2.9 billion.
The deal, first announced in November, gives Precision a titanium capability that it said has always been a key missing piece from its product portfolio.
To be continued,click the follwoing link
http://finance.yahoo.com/news/precision-castparts-co...
Euro falls to fresh session low against the dollar
Jan 8 (Reuters) - The euro fell to a fresh session low against the dollar on Tuesday as investors positioned for the European Central Bank to keep rates on hold when they meet on Thursday.
To be continue, click following
http://www.reuters.com/article/2013/01/08/markets-forex-idUSL1E9C85JK20130108?feedType=RSS&feedName=marketsNews&rpc=...
Forex Trading: Long EURUSD at 13070
The EURUSD bullish break in early December remains valid as long as price is above 12875. Although price failed to reach the trendline that extends off of the 2012 lows, a flat interpretation of price pattern from the December high is valid. An RSI reversal signal is evident on the daily as well (RSI above 40 but lower than where RSI was at the previous pivot). With this in....... To be continue...
Early Glance: Silver companies
NEW YORK (AP) -- Shares of some top silver companies are mixed at 10 a.m.:
Hecla Mining Co. fell $.08 or 1.4 percent, to $5.55.
Pan American Silver Corp. fell $.21 or 1.1 percent, to $18.22.
Silver Standard Resources Inc. rose $.22 or 1.5 percent, to $14.75.
Silver Wheaton fell $.29 or .8 percent, to $34.31...
Alcoa Profit Seen Recovering on Aluminum Price Gains
Alcoa Inc. (AA), the largest U.S. aluminum producer, is set to record the strongest annual earnings growth in three years as the price of the commodity rebounds and after the company closed its most inefficient smelters. To be continue http://www.bloomberg.com/news/2013-01-08/alcoa-profit-seen-recovering-after-output-cuts-as-aluminum-gains.html?cmpid=yhoo
...
U.S. natural gas futures slip early as milder weather arrives
NEW YORK, Jan 8 (Reuters) - U.S. natural gas futures lost
ground early on Tuesday, as mild near-term weather and record
high supplies pressured the complex for a second straight day.
With government data on Monday showing gas production in
October hit a record high and inventories still at record highs
for this time of year, many traders expect prices to remain on
http://www.reuters.com/ar...
U.S. Stocks Slip as Earnings Season Begins; Yen, Gold Up
U.S. stocks retreated for a second day as investors awaited fourth-quarter earnings reports, while European shares pared earlier gains triggered after economic confidence grew more than forecast. The yen and gold advanced.
The Standard & Poor’s 500 Index slipped 0.1 percent.... To be continue.. click following http://www.bloomberg.com/news/2013-01-08/yen-strengthens-as-gold...
Eurozone unemployment at record high
Businesses in the eurozone may be feeling more confident but there's no sign of that translating into better employment prospects yet.
Eurostat data published Tuesday showed unemployment in the 17-nation eurozone hit a record high of 11.8% in November, leaving 18.8 million people without work - two million more than a year ago.
At nearly 27%, Spain has the highest unemployment rate in the...
UPDATE 2-Iraqi Kurdistan starts independent crude oil exports
Tue Jan 8, 2013 7:01am EST
* First crude from Taq Taq oilfield reaches Turkish port
* Fresh tender for Kurdish condensate imminent
* KRG says crude trade through Turkey likely to continue
* KRG oil exports via Baghdad-controlled pipeline halted
By Julia Payne and Peg Mackey
LONDON, Jan 8 (Reuters) - Kurdistan has begun to export crude oil directly to world markets through Turkey,...
FOREX-Euro and dollar slip versus yen, falls seen limited
* Dollar/yen pressured by profit-taking
* Support for dollar at around 86.52 yen, Jan. 1 low
* Euro to remain firm vs dollar ahead of ECB meeting
By Anooja Debnath
LONDON, Jan 8 (Reuters) - The dollar and the euro fell against the yen on Tuesday as investors took profit on recent gains against the Japanese currency triggered by anticipation of looser monetary policy in Japan.
Analysts...
Euro fails to hold Japan-inspired gains
By William L. Watts and V. Phani Kumar, MarketWatch
FRANKFURT (MarketWatch) — The euro was unable to hang on to modest gains scored against the dollar Tuesday after Japan’s finance minister said Tokyo would use part of its foreign-exchange reserves to buy bonds issued by the European Stability Mechanism, the euro zone’s bailout fund.
The ICE dollar index DXY +0.23% , which measures the greenback against...
Learn Forex: Trend Trading Basics.
By Walker England | DailyFX – 9 minutes ago
Article Summary: Trend traders enjoy the luxury of first identifying market direction prior to executing a trading strategy. Today we will review the basics of trend identification.
Traders enjoy trading trends to take advantage of extended directional market moves. This is especially true in the Forex market where trends can last for days, weeks, months, or...
