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Archive for October, 2014

October 31st, 2014

PVM Midday Report 31 October 2014

Headlines

Euro-area inflation rate ticks 0.1% higher to 0.4% in October
Russian central bank increases benchmark interest rate by 1.5% to 9.5%
Eurozone unemployment rate steady at 11.5% for third consecutive month
German retail…


October 31st, 2014

Bull trap on ICE – NYMEX should go higher

December ICE: What a bull trap on this contract. To say that Wednesday’s rally above the daily short-term M/As was not followed through yesterday is an understatement. The contract headed…


October 31st, 2014

Bank of Japan picks up QE baton

The Federal Reserve’s decision to end its stimulus programme and the growing confidence in the US economic recovery appeared to be justified yesterday after the world’s biggest economy posted 3Q…


October 31st, 2014

Watch the s/t MAs: they are the key; “Bear trap” alert!

The contracts gave up some ground yesterday and apart from WTI the closes were not that poor. WTI closed just below the lowest of its short term (s/t) MAs last…


October 30th, 2014

PVM Midday Report 30 October 2014

Headlines

US 3Q GDP growth exceeds forecasts at 3.5%
Iranian oil revenues down 30% on falling energy prices
German unemployment in surprise fall of 22,000 during October
European Commission survey of economic confidence ticks…