Euro spend quiet hours in Asia

Euro spend quiet hours in Asia

Calm control of the currency market and everyone is watching and waiting to tell how the Italian bond issues today and tomorrow amid continued pressure made ​​the ten-year returns in excess of 7.0% yesterday, and continue Ranging around today ..
The work of the euro in Asia in an area of ​​very narrow and very low volumes as well.
The general tendency of the market dominated by upward destination that need to be positive news from Italy to be strengthened and achieved some gains today.
Hotel located on the 1.3100 / 3120 and asked about the 1.3020.

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Oil prices nearing U.S. $ 101 amid increasing unrest in Iran

Oil prices nearing U.S. $ 101 amid increasing unrest in Iran
Oil prices rose to reach U.S. $ 101 per barrel amid investor concerns about the escalating turmoil in the Middle East, which would impact on the resources of crude oil.

Therefore, it has fallen crude oil contracts for delivery in February by 12 cents to 101.22 dollars per barrel, in electronic trading through the New York Stock Exchange, which are the goods. The contract rose by U.S. $ 1.66 to settle at U.S. $ 101.34 during trading yesterday in New York Tuesday.

And London, Brent crude rose by 4 cents to up to U.S. $ 109.31 InterContinental Stock Exchange.

It is worth mentioning that the official Iranian news agency IRNA said yesterday was Tuesday that Iranian Vice President Mohammad Reza Rahimi has said that Iran would close the Strait of Hormuz and to stop oil exports in the case of Western countries to impose sanctions on Iran's oil exports.

In the same context, the United States of America in addition to the United Kingdom is considering imposing more sanctions on Iran, which is the fourth largest state-of-oil-producing countries, to raise concerns about its nuclear program.

The Strait of Hormuz, one of the most important passages in the world that passes through nearly one-sixth of global oil production.

In the event that you can not oil tankers to pass through the Strait of Hormuz, they will have to wire passages longer and more expensive, which may lead to increased oil prices.

According to a report issued by The Schork Group, "it is not likely to escalate the political crisis, but there is still oil prices above U.S. $ 100 per barrel."

The report predicts that oil prices could climb to more than U.S. $ 140 in the case of Iran to close the Strait of Hormuz.

As the National Retail Federation in the United States that are expected to increase sales by 3.8% during the Christmas holidays, to exceed expectations, which predicted a sales increase by 2.8% during the month of September.

Saw the other New York Stock Exchange trading of goods diesel prices fell by 0.4% to reach U.S. $ 2.91 per gallon, while the decreased gasoline futures rose 0.6% to 2.68% per gallon. The decline in natural gas by 0.7% to U.S. $ 3.11 per 1000 cubic feet.

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Sterling dollar demand for and supply

Sterling dollar demand for and supply

Sterling dollars exist between the offers of 1.5680 and the 5700. And other offers around the 1.5750.
Demand for the 1.5625 and even the 5,600. Some of the application resides on the 1.5640.

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Dollar against the yen - 28/12/2011

Dollar against the yen - 28/12/2011

The pair is trading the dollar against the yen very slightly negatively within a very narrow range in the last few days, which will continue trading on the level of resistance to the main channel downlink shown above.
In general, we still hold onto our force to see a downward trend likely in the short term, with the reminder that the price beyond 50 MA first to acquire the incentive technician paid to attack the level of support the most sensitive at 76.30 trading range expected for the day between: support 76.30 and resistance 79.00

General tendency is expected for the day: the downside

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