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Posts Tagged ‘Simon Watkins’

Saudi Intervention, U.S. Stockpile Forecasts Keep Oil Prices Under Pressure (BNO, USO, UGA)

March 20th, 2012

Simon Watkins:  Brent crude (NYSEARCA:BNO) continues to hold below its key $125 per barrel resistance level on speculation that a report tomorrow is likely to show that U.S. fuel stockpiles rose to their highest level in six months last week. Read more…

NYSE:BNO, NYSE:UGA, NYSE:USO

Australia In No Hurry To Weaken Its Dollar (FXA, EWZ, TUR)

March 7th, 2012

Emerging Money:  Consistent with the laid-back cultural dynamic that so distinguishes the national character, the Reserve Bank of Australia appears to be perfectly happy with its extremely strong currency. Read more…

NYSE:FXA

Oil Hits Eight Month High After Greece Talks, Iran Moves, & China Easing (USO, EWQ, BNO, XLE)

February 20th, 2012

Simon Watkins:  Crude oil prices (NYSEArca:USO) briefly hit over $121 a barrel in trading today as Iran halted exports to Britain and France ahead of an EU embargo, alongside optimism over the Read more…

NYSE:BNO, NYSE:USO, NYSE:XLE

Wheat Prices Are Set For A Short Term Spike (DBA, WEAT)

February 20th, 2012

Simon Watkins:  Grain exports in Ukraine have been restriction free for little more than a month, and are about to be limited once more after drought and frosts hit the winter crop. March wheat prices Read more…

NYSE:DBA, NYSE:WEAT

Copper Prices: Rising Chinese Demand and Declining Supply Profile Continues To Support Copper (JJC, FCX, FXI)

February 13th, 2012

Simon Watkins:  Copper prices (NYSEArca:JJC) have recouped last week’s losses this morning as Greek Prime Minister Lucas Papademos won parliamentary approval for swinging new austerity measures aimed at securing a further EUR130 billion ($132 billion) bailout package from the euro zone. Read more…

NYSE:FXI, NYSE:JJC

Crude Oil Prices: Oil Markets Recover Balance After IMF Recapitalizes (BNO, USO, EWJ, NLR, FXE)

January 19th, 2012

Simon Watkins: Crude oil prices took on a soft tone throughout most of yesterday, with Brent (NYSEARCA:BNO) breaking down through its key $111 support level, but those losses have already been recouped today. Read more…

NYSE:BNO, NYSE:USO




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