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Analytics, News, and Forecasts for CFD Markets: raw news — 14-01-2013.
The cost of oil fluctuates, due to the expansion of the pipeline, which can reduce the excess in the center of the USA, and with little appreciation of the dollar against the euro.
Prices rebounded slightly since the offshore pipeline running from Cushing (Oklahoma) to the Gulf Coast on January 11 resumed its work in full - up to 400,000 barrels a day, compared with 150,000 barrels before.
Energy Information Administration noted that the expansion of the sea route could reduce oil Cushing, which rose to 50.1 million barrels for the week ended January 4, registering with the highest level since 2004.
In addition, a small increase in oil prices was due to the fact that the weather forecasters said the approach of cold weather to the East Coast and Midwest, which would increase the consumption of fuel oil. According to the data, about 26% of households in the North use fuel oil for heating.
Meanwhile, experts say that the oil market is a bit "nervous" about the national debt ceiling, against which more and more traders have resorted to closing their positions.
February futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) fell to 93.41 dollars a barrel on the New York Mercantile Exchange.
February futures price of North Sea Brent crude oil mix vіrosla by 35 cents to $ 111.00 a barrel on the London Stock Exchange ICE Futures Europe.
Gold prices rose today, taking into account the signals from the currency market, which celebrated optimism associated with the debt crisis in Europe. In addition, market participants are waiting for the speech by Federal Reserve Chairman Ben Bernanke.
The most actively traded contract for February delivery rose $ 10.70 recently, or 0.6%, to $ 1,671.30 per troy ounce.
We also note that today the euro rose to a 10-month high against the U.S. dollar, as the economists from the European Central Bank said there is speculation that the worst of the debt crisis in the euro area came to an end.
Traders are also awaiting the speech of Mr. Bernanke at Michigan State University, to be held after the close of Comex. Meanwhile, gold prices have been under pressure amid speculation that the Fed may cut its incentive program to the end of 2013. At the same time, some members of the Fed in favor of slowing or stopping the current program to purchase bonds program earlier than many market watchers had expected.
Note also that the Goldman Sachs analysts said recent retreat in gold prices is a good time to buy in anticipation of the upcoming talks on increasing the U.S. debt ceiling. The Bank considers the talks as "probable catalyst for higher gold prices."
February futures price of gold on COMEX today rose to 1667.20 dollars per ounce.
00:00 Japan Bank holiday -
00:30 Australia ANZ Job Advertisements (MoM) December -2.9% -3.9%
00:30 Australia Home Loans November +0.1% +0.5% -0.5%
01:20 U.S. FOMC Member Charles Evans Speaks -
10:00 Eurozone Industrial production, (MoM) November -1.4% +0.2%
10:00 Eurozone Industrial Production (YoY) November -3.6% -3.1%
15:30 Canada Bank of Canada Senior Loan Officer IV quarter -15.8
15:30 Canada Bank of Canada business outlook future sales IV quarter 0.0
18:00 New Zealand REINZ Housing Price Index, m/m December +1.4%
21:00 U.S. Fed Chairman Bernanke Speaks -
21:00 New Zealand NZIER Business Confidence IV quarter 8
21:45 New Zealand Food Prices Index, m/m December -0.8%
21:45 New Zealand Food Prices Index, y/y December -0.6%
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