Asia Outlook Today Regional stock markets are likely to rise after encouraging U.S. private-sector jobs data boosted sentiment Thursday, leading stocks on Wall Street to close higher as the data supported the view that the U.S. economy is in exiting the current soft patch. In FX markets the EUR is likely to remain supported after the ECB raised rates by 25 bps Thursday as was widely expected and maintained a hawkish tone. The ECB also said that it would waive minimum ratings requirements to accept Portuguese debt as collateral. However, the market may be quiet ahead of the closely watched U.S. nonfarm payrolls report for June due later, as investors look to further gauge the state of the U.S. economy. The EUR/USD is at 1.4357 from 1.4359 late Thursday in New York, the EUR/JPY is at 116.65 from 116.62, and the USD/JPY is at 81.25 from 81.24. On the data slate there's Japan's provisional trade statistics for the first 20 days of June and May balance of payments at 2350 GMT, followed by Japan's June economy watchers survey at 0500 GMT. In the U.S. there's jobs data for June including nonfarm payrolls and the unemployment rate, as well as May wholesale trade data. Information taken from --- http://marketcall.net/2011/07/asia-outlook-today/ Just to share ...
--- On Fri, 7/8/11, sahamvalas . <[email protected]> wrote: From: sahamvalas . <[email protected]> Subject: [saham] Nickel News To: [email protected] Date: Friday, July 8, 2011, 4:29 AM 7-7-2011 The Euro is now trading nearly 2/10 of 1% higher against the US Dollar. NYMEX crude is up 1.6% and trading at $98.21/barrel. Gold is trading even and silver is up 1.6%. Base metals ended the day higher, and in some cases, much higher. Indicator charts show nickel was floundering early, but after US markets opened, the price of nickel shot higher. For the day, Dow Jones reports three month nickel closed at $10.84/lb Stockpiles of nickel stored in LME warehouses fell again yesterday and now stand at their lowest level since March 25, 2009. Today's figures put nickel numbers just under the 104,700 tonne level and if they continue to drop as they have over the last month, we will see the number fall below the psychologically important 100,000 tonne mark before the end of July. Equity and metals market turned bullish at the end of June and do not appear to tiring.
