Friday, July 3, 2015 - 05:16 EMU Periphery Watch: Investors Hold Fast Ahead of Greece Vote 0
By Jack Duffy
PARIS (MNI) - As the Eurozone faces one of the biggest challenges in its sixteen-year history onSunday, big investors are holding steady, maintaining their positions in peripheral debt markets and even looking to add to them if prices drop.
While Greece is set to head into potentially uncharted territory with its referendum on Sunday, investors are betting that any extreme market volatility or financial instability stemming from the vote will be effectively squelched by the European Central Bank.
"For us as investors, we trust (ECB President Mario) Draghi will do whatever it takes to prevent a liquidity crisis from occurring," said Alain Zeitouni, head of Russell Investments France.
Wednesday, July 1, 2015 - 15:03 Analysis: Oil Techs Suggests More Downside; Mkt May Bottomfish 0
By Vicki Schmelzer
NEW YORK (MNI) - This week, West Texas Intermediate prices have been under downward pressure, weighed by risk aversion and a break of key support levels.
While there is scope for further losses, especially if Greek debt woes are not soon resolved, the market may choose to bottom-fish if it appears clear that WTI is not moving out of the $55 to $60 range that has contained it since early April.
NYMEX August light sweet crude settled down $2.51 at $56.96 per barrel Wednesday, on the low side of the day's $56.68 (after hours) to $58.98 range.
Tuesday, June 30, 2015 - 14:25 Analysis: Commods Green Shoots Suggest Better H2; Copper Perky 0
--Retransmitting 13:58 ET Story, Updating, Adding Distribution Codes
NEW YORK (MNI) - Commodity prices have been largely flatlined in the past few months, and even on the year, would appear to be on life-support.
Nevertheless, analysts see scope for commodity recovery in the second half of 2015 and point to several factors that could revive global investor interest.
The Thomson Reuters Jefferies CRB index stands at 227.2176 Tuesday afternoon, on the high side of a 223.1627 to 226.4730 range.
The TRJCRB closed at 229.9579 December 31, and fell to 211.2690 January 29, covered to 229.5511 in mid February and then put in a 2015...
Monday, June 29, 2015 - 12:55 Analysis: Teflon Euro Bounces Higher Despite Greek Jitters 0
By Vicki Schmelzer
NEW YORK (MNI) - After tumbling below the psychological $1.1000 market overnight, the euro bounced higher in U.S. action Monday, with recovery back to pre-weekend levels and beyond.
Traders were surprised and stymied by the euro's recovery and maintained their view that the pair was far more likely to test $1.0500 in the near-term than rally further to $1.1500.
The euro was trading at $1.1191 in afternoon action, on the high side of the day's $1.0955 to $1.1205 range.
After closing Friday near $1.1167, before the news of the Greek referendum, the pair gapped lower at the Asian open.
From early levels near $1.1034, the euro quickly tumbled to $1.0955, recovered back over $1.1000...