Traders Community : News > Commodities http://www.traderscommunity.com/ Traders Community where you will find one of the biggest and best collections of trading information. en-gb The information contained in this website is for general information purposes only. The information is provided by Traders Community and whilst we endeavor to keep the information up-to-date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.Read full disclaimer: Website disclaimer info@nospam.com (Admin) info@nospam.com (Admin) Thu, 09 Sep 2010 22:53:09 -0700 Thu, 09 Sep 2010 22:53:09 -0700 http://backend.userland.com/rss e107 (http://e107.org) 60 Traders Community : News > Commodities http://www.traderscommunity.com/images/web_logo88a.gif http://www.traderscommunity.com/ 88 31 Traders Community where you will find one of the biggest and best collections of trading information. U.S. Growth Revised Down For Second Quarter http://www.traderscommunity.com/news.php?item.34786.10
Thr revision was 0.8% lower than the last estimate. We anticipate when the final revision comes in it will be stradding 1% growth. Importantly this is a stimulus ladden Q2. Negative Q3 growth is the overriding issue.

Personal Consumption: Q/Q 2.0% versus Expected 1.6% (Previous 1.6%)
Core PCE 1.1% versus estimate of 1.1% (Previous 1.1%)


S&P futures popped 6 handles on the news and oil 60 cents. On the real positive beta end AUD/JPY popped 70 pips. Who said this market wasn't tightly wound?]]> billyaustindillon@nospam.com (billyaustindill) Fri, 27 Aug 2010 05:59:15 -0700 http://www.traderscommunity.com/news.php?item.34786.10 German Industrial Powerhouse :: Record Economic Expansion http://www.traderscommunity.com/news.php?item.34785.15
The record GDP was the sharpest rise in quarterly growth since Germany reunified. Pleasing for analysts citing the effect as a one off because of Euro trading down to 119 in the quarter was German consumer spending growing for the first time in a year. Private consumption rose by 0.6 percent in the second quarter. This should give the basis for a strong third quarter. DIHK Chambers of Industry and Commerce has forecast Germany’s economy to grow by 3.4 percent in 2010.

The European debt crisis though is still omnipresent because of the PIIGS debt problems.
German Economy Minister Rainer Bruederle said 'The recovery has reached the full breadth of the German economy.' Said. This follows comments last week that German is to experience a 'XL-upswing'.]]> billyaustindillon@nospam.com (billyaustindill) Tue, 24 Aug 2010 05:50:06 -0700 http://www.traderscommunity.com/news.php?item.34785.15 Japanese Yen Trades at 15 Year High http://www.traderscommunity.com/news.php?item.34784.2
The foreign exchange market is notorious to force the envelope. It is expected they will continue to buy yen to press Japanese authorities to intervene. The next level is 80 against the dollar and 100 against the Euro for speculators to aim for. Prime Minister Naoto Kan also voiced his concerns fully aware of Japan’s reliance on the Yen for exports. The Yen has been on a tear since the U.S. announced jobless claims of 500,000 last week. In 2010 the Yen has gained almost ten percent.

The most likely official Japanese measures would be further monetary easing though that is limited also given Japan’s low rates. The next Bank of Japan's scheduled meeting is Sept. 6-7. However if the Nikkei Dow continues to slide with a strong yen they may act before.]]> billyaustindillon@nospam.com (billyaustindill) Tue, 24 Aug 2010 04:48:44 -0700 http://www.traderscommunity.com/news.php?item.34784.2 Natural Gas Rigs Off 18 Month High, Horizontal Rigs New Record http://www.traderscommunity.com/news.php?item.34783.26
There continues to be activity in the shale drilling rigs. When extracting natural gas from shale horizontal rigs are employed. The number of horizontal drilling rigs reached a record high for a third straight week, climbing 10 to 895 according to Baker Hughes. Natural gas prices approach a monthly low in the Henry Hub futres contract around 4.12 btu on NYMEX today.

From the B.A.D Desk
]]> billyaustindillon@nospam.com (billyaustindill) Fri, 20 Aug 2010 10:41:08 -0700 http://www.traderscommunity.com/news.php?item.34783.26 China Reduces US Treasury Holdings, Diversifies to Europe and Japan http://www.traderscommunity.com/news.php?item.34782.13
China continues to diversify its foreign exchange reserves. China has been selling U.S. Treasuries and buying Japanese and European debt instruments. The Chinese sales meant that America recorded a net capital outflow in June for the first time in five months.

Foreigners dumped a net $6.7 billion in U.S. securities in June. The selling included short-term instruments such as Treasury bills. This reversed foreigners buying $17.1 billion in May. Foreigners did however increase purchases of long-term securities. These purchases increased in June buying a net $44.4 billion compared to $35.3 billion in May. Foreigners were net sellers of U.S. corporate debt and equities for the second straight month.

The U.S. continues on the path of being the world pauper with net purchases of U.S. Treasury debt rising by about $18.3 billion to $33.2 billion. One wonders is this a tend as China reduces it's U.S. treasury holdings.]]> billyaustindillon@nospam.com (billyaustindill) Mon, 16 Aug 2010 08:08:30 -0700 http://www.traderscommunity.com/news.php?item.34782.13 Deflation and Rising Yen Slows Japanese Growth http://www.traderscommunity.com/news.php?item.34781.14
Last week the yen saw a 15-year high against the dollar of 84.72. Japan is heavily dependant on the yen because of the significance of exports to Japan. The poor growth numbers in America and worries about China’s growth are concerning for Japan. Slowing growth in main export destinations such as the United States and China clouds the outlook. In the first quarter Japan showed a revised 4.4 percent annualized growth. In the first quarter the yen was weaker and exports were strong. Domestically Japan had the effects of economic stimulus flowing through.

Rising Yen concerns

The high yen concerns Prime Minister Naoto Kan and he will meet with Bank of Japan Governor Masaaki Shirakawa later in the week. The BOJ have said earlier they do not target the Yen rate but are concerned. Kan told reporters after the numbers 'We need to look at this closely, and that includes the currency problem.' He added 'I have asked cabinet ministers involved to report to me about the economic situation.']]> billyaustindillon@nospam.com (billyaustindill) Mon, 16 Aug 2010 06:49:02 -0700 http://www.traderscommunity.com/news.php?item.34781.14 Russia helps Iran Launch First Nuclear Power Plant http://www.traderscommunity.com/news.php?item.34780.6
Ali Akbar Salehi, Iran’s atomic energy chief confirmed today the facility located next to the southern Iranian city of Bushehr is ready to go on line on August 21... Russia also made a formal announcement that it is supplying Iran with the reactor fuel. This effectively means the Russia and Iran alliance is thumbing the nose at the West. Major oil companies and corporations have complied with the U.N. sanctions order. There will be the expected cries of Russia joining Iran, North Korea, China and other Islamic regions. On the other side will be the peak oils situation means you need nuclear energy.

Ali Akbar Salehi said

"We are preparing to transfer the fuel inside the plant next week [...] then we will need seven to eight days to transfer it to the reactor.”


Rosatom (Russian atomic agency) spokesperson Sergei Novikov said

"The fuel will be charged in the reactor on August 21. From this moment, Bushehr will be considered a nuclear installation,” "This can be considered as the physical launch."
]]> billyaustindillon@nospam.com (billyaustindill) Fri, 13 Aug 2010 08:08:01 -0700 http://www.traderscommunity.com/news.php?item.34780.6 Power Producer Dynegy Bought by Blackstone, NRG Gets Power Plants http://www.traderscommunity.com/news.php?item.34779.26
The $4.50 offer price is a 62 percent premium over previous closing price.
Blackstone announced that it would on sell four Dynegy natural gas-fired assets to NRG Energy. Blackstone will receive around $1.36 billion in cash for the deal. Dynegy was vulnerable from the anemic US economy stalling power demand from industry and consumers.

Dynegy has been seeking a merger deal for some time. Mirant Corp is in the process of acquiring RRI Energy to improve efficiencies. After the announcement the Dynegy shares jumped pre-market to $4.49. Blackstone shares remained unchanged at $11.00.
]]> billyaustindillon@nospam.com (billyaustindill) Fri, 13 Aug 2010 07:01:38 -0700 http://www.traderscommunity.com/news.php?item.34779.26 Slovakia Says No to Greece Bailout, EU Speculation http://www.traderscommunity.com/news.php?item.34778.23
Importantly the European Commission spokesman Amadeu Altafaj said "This has been approved by all the rest of the members of the euro area and I have no sign ... at all that another episode of this kind could take place." Of course there will be many rumors that other members of the euro zone would pull out like Slovakia. He made it clear Greece will be receiving the funds from the 110 billion EU/IMF euro aid fund.

There has been much speculation as to the penalties to Slovakia and would the Teutonic states be the ones left holding the bag. The EU has said this is not the time to speculate on that. Altafaj said "It's quite an unusual decision but I will not speculate as to any any political consequences."

Slovakian Prime Minister Iveta Radicova and his cabinet recommended against the approval of the Slovak contribution to Greek financial aid. While they rejected the loan the parliament did approve Slovakia's participation in the broader euro zone loan facility. This came the day after Slovakia's governemnt survived a no confidence vote.]]> melanie@nospam.com (traders) Thu, 12 Aug 2010 05:44:05 -0700 http://www.traderscommunity.com/news.php?item.34778.23