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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…
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…
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…
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…
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…
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…
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