Metal Market Commentary
Mid-Session Silver Market Report http://feedproxy.google.com/~r/MetalMarketCommentary/~3/pEoa9VWdqhA/mid-session-silver_1052.html Feb 22nd 2012, 20:13
The silver market could not follow-through on a potential upside breakout and gave back a sizable portion of yesterday’s sharp gains this morning. Sluggish US equity markets were thought to have put silver prices under pressure during today’s session….
Commodity Blog
Commodity Prices and Analysis
Oil Falls on Negative Fundamental Data, Coffee Slips on Growing Supply http://www.commodityblog.com/commodity-prices-oil/oil-falls-on-negative-fundamental-data-coffee-slips-on-growing-supply Feb 22nd 2012, 19:43
Crude oil was down today on negative macroeconomic data from the United States, Europe and China. Manufacturing in China was falling in February, according to a preliminary estimate, albeit with slower pace. Reports also showed that manufacturing and service industries in the eurozone also contracted. US existing home sales rose in January less than was predicted by market analysts. Earlier, crude climbed as inspectors from the International Atomic Energy Agency were denied access to an Iranian military base. April futures for delivery of crude oil fell $0.27 (0.3 percent) to $105.98 per barrel by 13:53 on NYMEX, following the previous rise to $106.47, the highest settlement since May 5. Brent crude jumped from $121.50 to $122.91 per barrel as of 19:30 GMT today on ICE and reached the daily high of $123.23 — the highest since May 3. Coffee price also slipped on the negative data, but also on rising stockpiles growing exports from Brazil. ICE-monitored inventories of coffee climbed 24 percent since the end of October. Brazil boosted permits for exports of the commodity 26 percent in February from January. Coffee price slid from $2.0400 per pound to $2.0085 today on ICE.
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Economic Events – FX
US:FHFA House Price Index http://feedproxy.google.com/~r/EconomicEventsFx/~3/UgA0MIjj8RM/FHFA451721.html Feb 22nd 2012, 19:33
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