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WTI Falls for Seventh Session, Geopolitical Tensions Subside

by Christopher Lemieuxon July 7, 2014 7:41 pm BST
West Texas Intermediate (WTI) crude fell for the seventh consecutive day as geopolitical concerns fade from the headlines. The fall in future prices is the longest string of losses since December of 2009. The risk premium due to the Iraqi conflict has collapsed. Although Islamic militants have captured several cities north of Baghdad, the vast […]

Support Grows for Gold Fixing Alternatives

by Christopher Lemieuxon July 7, 2014 6:48 pm BST
The gold industry is supporting the idea for alternative pricing methods to the questionable London gold fixing, which dates back nearly 100 years. Currently, four banks hold a conference twice daily to determine the going rate for the precious metal. There have been recent probes into how the fixing is conducted due to evidence of potential […]

PBOC Looks to Boost Growth with Additional Stimulus, Risks Loom

by Christopher Lemieuxon July 7, 2014 6:37 pm BST
The People’s Bank of China (PBOC) is looking to boost China’s sluggish economy through various easing methods. The Chinese central bank has already issued 100 billion yuan for relenting for industries like agriculture and small businesses, which are generally locked out of the lending market. Another 300 billion yuan has been issued for low-income housing, […]

USDJPY and USDCAD Intraday Outlook: 7/7

by Christopher Lemieuxon July 7, 2014 6:20 pm BST
The US dollar fell from resistance on the assumption that the recent positive labor market data will cause the Federal Reserve to exit their nearly six years of quantitative easing early, as well as leading into the first Fed funds rate increase since 2008. Andrew Wilkinson, chief market analyst at Interactive Brokers, said “the market is getting […]