US fuel consumption for 4-weeks on a y/y basis has fallen -3.7%. Analysts foresee the US unemployment vitamins rate come first towards 10% by the end of this year. The data was ske by the holiday season which created a shortened workweek. Crude is lower O/N ($41.11 down -345c).
Fundamental data has provided no guidance, normality will occur next week when dealing desks are fully occupied. In reality, supplements vitamin d facts the region is playing catch up with North American problems of 6-8 months ago. The loonie remains on course to continue its demise and may extend its decline as tumbling oil prices dissuade foreign investment in Canada ? oil patch. The report vitamins concludes that the recession is deepening in the region and perhaps providing further evidence that warrants Trichet cutting Euro-land borrowing costs from its 2.5% level. This stockpiling mentality will surely impede some of the ? demand destruction vitamin b supplements for ? that we have witnessed from this global economic meltdown.
It was not fundamentals that push the black-stuff prices aggressively higher this week, but the lack of dealer participation, hence this mornings somewhat ? liquid ? pull back. Stay ahead of the curve and fight another day
The US$ is stronger in the O/N trading session. health supplements The 10-year Treasury yields backed up 6bp from (2.14%) as investors become concerned about the influx of new issues to finance the growing US budget deficit.
Iran physically holds the 2nd largest oil reserves and any involvement by Iran will send the black-stuff prices much higher. It ? either a fool or an individual with strong convictions vitamin list natural and deep pockets who is willing to partake in these markets. Data this morning will probably show that US manufacturing continues to contract at its fastest chic in 3- decades. However, the short end of the Yield curve advanced as investors sought vitamin list the safety of US government debt amid escalating tensions in the Middle East. Unfortunately one-day holidays (US) generally skew the data, suggesting next week ? data will also be ske given that New Year ? Day also fell during the week. The Nikkei closed 8,859 up 112.
Back then the unemployment rate was also climbing and hit 10.8%. Market gyrations have intensified as this holiday week has gone on. With investors seeking sanctuary due to the global economy faltering had traders seeking the relative safety of the USD. The Middle East tensions has provided support on deeper pull backs, as there remains concerns that supply from the world ? largest producing region may be disrupted. The greenback and 33% vs. The AUD$ remains better supplements for hair growth bid on pull backs despite the tentative weakness of global equities questioning investors about holding higher yielding currencies. Ongoing falling house prices and record low luncher confidence provided no support for the FI asset class as investors now turn their focus towards supply. Digging deeper, the eye-popping part of the report revealed that continuing claims surged above the 4.5m mark, the highest level in 26-years.
The early call for the open of key US indices is higher. Since crude supplements for weight loss has pared 55% this year the loonie has depreciated 18% vs. Thus, the Loonie remains guilty by association and proximity to its largest trading partner south of its boarder. The DAX index in Europe was at 4,888 up 78; the FTSE (UK) currently is 4,466 33. OPEC ? lasting support should provide further traction for commodities in this short term. China this week has publicly stated that they will supplement their ? emergency ? oil reserves while prices remain close to these low levels.
With no data to support the currency, depending on how commodity prices behave, expect investors to remain on the side lines while dealers fulfill their necessary requirements. Currently it is higher against 11 of the 16 most actively traded currencies, in another ? whippy ? illiquid trading stride. Despite commodities paring excessive gains achieved on NY ? Eve, the AUD is heading for its longest winning streak in nearly 6-months this week (0.6943). But, Russia is now prepared to sit down with Ukraine and discuss their dispute over the price of natural gas after cutting supplies to its western neighbor this week. It currently stands at 6.7% and the 1st Q is expected to deliver some eye popping NFP data after this dismal retail holiday season. Analysts expect crude futures to remain better bid through next week as OPEC implements its record announced productions cuts. But, this shortened trading week and liquidity constraints is probably doing a disservice to the natural weakness of crude, prices have been incorporating an insurance premium.
Hamas is crusty by Iran and are considered a terrorist organization by the US. Expect heighten tensions in the Middle East to provide support on deeper pullbacks. At the beginning of the year the currency was trading at or close to parity with its meridional neighbor. The US$ currently is higher against the EUR -0.16%, GBP -0.02%, JPY -0.42% and lower against CHF 0.50% The commodity currencies are weaker this morning, CAD -0.15% and AUD -0.62%. Last weeks weekly EIA report sho that inventories had gained less than anticipated allowing the non-holidaying dealers to push the illiquid market aggressively.
Their growth outlook is significantly weaker than in the US and that will ultimately weigh on the EUR going forward. This shortened trading week continues to provide liquidity constraints. Already OPEC is hinting that they may meet again next month to discuss further production cuts. Thin trading markets had investors registration gold holiday profits as falling crude prices and a stronger greenback reduced demand for the ? yellow metal ? as a hedge against inflation ($872). Traders are speculating that global interest-rate cuts will revive investors ? risk appetite.
New Years Eve sho that US Initial jobless claims fell to 492k for last week. Crude prices are battling with global demand deterioration and tensions in the Middle East escalating. This is a deceptive trading week as liquidity and participation remains at an all year low due to the holiday season. Crude has rallied 14% this week on the back of Middle East and European concerns. After Wednesday ? excessive illiquid rally, the black stuff has pared some of its abnormal gains. 34.5) out of Europe this morning has their currency on the back foot. Manufacturing data (3.9 vs. The repeat of an energy standoff between Russia and Ukraine threatened fuel shipments.
Last year the loonie posted its biggest annual decline on record as crude oil plunged and investors sought refuge in other currencies from the deepening global recession. The currency remains vulnerable to the USD topside for now. Lack of participation has created only pockets of liquidity.