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Oil prices rise but Opec production will keep them around $60 for 2014
December 22nd, 2014
Oil prices have risen by 2% on Monday 22 December, however analysts warn that it’s unlikely that the average price for 2014 will be above $60 per barrel (bbl). The Brent futures contract reached around $63/bbl while US crude ...
Monday December 22: OSB Daily Technical Analysis – Indices
December 22nd, 2014
OSB Daily Technical Analysis for December 22, 2014 The S&P 500 managed to follow through from the previous days rally pushing towards recent highs. Price action suggests recent correction is over and a test of new highs is very ...
Monday December 22: OSB Daily Technical Analysis – Commodities
December 22nd, 2014
OSB Daily Technical Analysis for December 22, 2014 Gold hovered around the $1200 mark on Friday with momentum from previous days rally waning for a continuation rally. Gold still holding firmly in the general vicinity with no new buyers ...
Monday December 22: OSB Daily Technical Analysis – Currency pairs
December 22nd, 2014
OSB Daily Technical Analysis for December 22, 2014 EURUSD broke new lows on Friday with bears having a field day in the pair. A break below here extends to a test of the 1.22 handle extends to 1.2165 given ...
What now for Putin after EU tightens Russia sanctions?
December 22nd, 2014
The pressure on the rouble has eased a bit, so the Russian president will just keep on sticking two fingers up until something gives. There is no sign of a détente in the new Cold War between Russia and ...
ESMA provides implementing rules for MiFID II
December 22nd, 2014
The European Securities and Markets Authority (ESMA) has published on December 19 its final technical advice (TA) and launches a consultation on its draft regulatory technical and implementing standards (RTS/ ITS) regarding the implementation of the Markets in Financial ...
Brent climbs above $62 as Asian markets open strong
December 22nd, 2014
Oil prices rose on Monday as Asian markets opened strongly into a holiday-shortened week and consensus spread that Brent crude futures would likely remain above $60 for the rest of the year. MSCI’s broadest index of Asia-Pacific shares outside ...
Dollar Matches Two-Year High Against Euro as Rupiah Strengthens
December 22nd, 2014
The dollar rose to match a two-year high versus the euro amid speculation the Federal Reserve will increase interest rates as early as April while other major central banks maintain monetary easing. A gauge of the U.S. currency was ...
Decline and Fall of the Demagogues
December 19th, 2014
This article could have been entitled ‘The Bonfire of the Vanities’ (with apologies to the book’s author Tom Wolfe) as it too is all about ruthless ambition, political sleaze and rampant greed. However, as vanity in others is regarded ...
Friday December 19: OSB Daily Technical Analysis – Indices
December 19th, 2014
OSB Daily Technical Analysis for December 19, 2014 The S&P 500 pushed higher on the day breaking past resistance at 2020 and clearing the 2050 level with ease. Yesterdays price action suggests that downswing/correction phase likely to be over ...
