Natural Gas Analysis for the Week of July 25, 2011
The thwart in September Natural Gas futures came to an abrupt ending early last week as survive forecasts took out the chance for an extended heat wave across the United States. The minuscule-covering rally triggered by excess demand briefly breached a secondary 50% price level at 4.327, reaching 4.586 before selling off. The ineptitude to attract fresh buying and the quick ending to the rally is a solid lesson of just how much supply is out there.
EUROPEAN OPENING NEWS INCLUDING: Moody's downgrades Greece to CA from CAA1 ...
JGBs inched up overnight, tracking gains in US and European answerable for, with medium-term JGBs supported by investor demand though gains were restricted in a thin market. JGBs were trading at 141.57 (+0.15) at 0605 BST. (RTRS)
BoJ’s Governor Shirakawa said the BoJ would weigh what it can do to support Japan’s economy but repeated his opposition towards calls for the middle bank to underwrite government debt or buy bonds to be issued to fund reconstruction costs for the virulent earthquake in March. (RTRS/Asahi) In other news, Japan’s control will begin laying groundwork for a 5-year increase in taxes to secure JPY 10tln proceeds to fund earthquake reconstruction work.
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Forex Forecasts Explained
Forex Forecasts Explained
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