The soy prices dipped to fresh low of 6.5 years on Monday and are edging up now amid the drought in India. Will the prices continue to correct upwards? The soy prices fell to the multiyear lows after the opposition leader Mauricio Macri won the presidential elections in Argentina. Previously he Technical Analysis #C-SOYB : 2015-11-26
Oil prices rise ahead of OPEC monthly report :: Crude oil for February delivery on the New York Mercantile Exchange tacked on 24 cents, or around 0.5%, to $52.72 a barrel by 3:50AM ET (08:50GMT), after rising 11 cents, or 0.2%, a day earlier. Elsewhere, Brent oil for March delivery on the ICE Futures Exchange in London inched up 33 cents, or about 0.6%, to $55.80 a barrel, after falling 39 cents, or 0.7%, in the prior session.
Ending Yen flat For more than a month the Yen has been moving sideways. On the one hand investors feel the uncertainty due to the Asian economic slowdown and Chinese in particular. Such internal issues as faltering GDP growth at 1% a year and decreasing share of labour force persist in Japan. On Technical Analysis USDJPY : 2015-10-05
Plummeting Brent oil prices are putting pressure on North American shale, which has sunk hundreds of billions of dollars into investment, and could soon come crashing down. Tempted by big returns, shale companies have borrowed more than $200 billion in bonds and loans, from Wall Street and London, to cover development and projects that may not even come to fruition. Oil producers’ debt since 2010 has increased more than 55 percent, and revenues have slowed, rising only 36 percent from ...