The price of oil has increased significantly today, while reaching the level of $ 58 (Brent) and $ 52 (WTI), as traders make reassess how quickly Iran could increase exports, as well as many months of waiting for slow growth stocks in the United States.
Recall that in last Thursday Brent fell by 4% amid reports of an agreement on Iran's nuclear program. If by June will be full agreement, Iran will be able to increase oil exports. However, analysts say that it will not happen before 2016.
"While it is clear that a final agreement and complete lifting of sanctions will put pressure on prices, there is still a number of obstacles, - said the Morgan Stanley. Even if an agreement is reached, we do not expect any physical impact on the market until 2016." .
Also, market participants continue to analyze data on the number of drilling rigs. Recall weekly report Baker Hughes showed that the number of drilling rigs operating in the US last week fell by 11 to 802, which was a minimal decrease from December.
Higher prices also help data from industry group Genscape, which showed that stocks at the terminal in Cushing, Oklahoma, barely rose last week, registering a minimal increase in November.
In addition, the oil becomes more expensive amid reports that Saudi Arabia, the world's largest oil exporter, has raised the official selling price for the April and May games for Asia. "Companies continue to compete for the Asian market, although it is also a sign of the fact that some producers are less competitive," - said analyst BMI Research Shunlin Yap.
Market participants are also monitoring the situation in Yemen. Recall in 2014 in Yemen last conflict between the Shiite group "Ansaralla" and government forces. In March 2015 took part in the war coalition of Arab states led by Saudi Arabia to the Government of Yemen. March 26 Saudi Arabia launched a military operation against the rebels Huthis who control much of Yemen. By the end of Thursday, April 2, the rebels seized the center of Aden - the city in the south, where escaped from Sanaa ousted president. Among the buildings and captured his residence.
May futures for US light crude oil WTI (Light Sweet Crude Oil) rose to 52.08 dollars per barrel on the New York Mercantile Exchange.
May futures price for North Sea Brent crude oil mix has risen by 2.90 dollars to 58.01 dollars a barrel on the London Stock Exchange ICE Futures Europe.
Gold prices rose today, while reaching a seven-week high as weak US employment data led investors to revise their expectations about the timing of the Fed raising interest rates.
After the March meeting of the Fed officials made it clear that does not exclude the first interest rate increase in June, but they believe in September more likely. Minutes of the meeting of the American Central Bank from March 17-18, which will be released on Wednesday, may further clarify what is happening at the Fed, say market participants. It is worth emphasizing the delay in raising interest rates contribute to the demand for gold, as it reduces the relative cost of retaining the metal that guarantees investors a higher profit.
Recall, on Friday, the Ministry of Labor said the number of people employed in non-agricultural sectors of the economy grew at a seasonally adjusted up to 126 000 jobs in March. It was the weakest growth since December of 2013. The average monthly growth in the first quarter totaled 197,000, compared to an average 324,000 in the last three months of 2014. The unemployment rate, obtained from a separate household survey, remained unchanged at 5.5%. Economists had expected the number of employees will grow much stronger at 251,000 in March and predicted that the unemployment rate will be unchanged at 5.5% .Zarabotnaya board, meanwhile, grew at a moderate pace. The average hourly wage of workers in the private sector rose by 7 cents to $ 24.86 in March. Economists had expected growth of 0.2% of wages from February. Compared with a year earlier, hourly wages increased by 2.1% in March, roughly in line with the 2% annual rate in recent years.
Meanwhile, experts note that the increase in gold prices also helped to technical buying after overcoming the mark of $ 1,200 per ounce.
Had little effect as today's data from the ISM. As it became known, in March, the index of business activity in the US service sector, which is calculated by the Institute for Supply Management (ISM), worsened slightly, reaching 56.5 at the same level as compared with the February reading at the level of 56.9. According to experts, the value of this index was down to 56.6. In general, the sub-indices showed themselves as follows: the price index in the non-manufacturing sector in March rose to 52.4 vs. 49.7, the index of business activity in the non-manufacturing sector fell to 57.5 from 59.4, the employment index in the non-manufacturing sector rose to 56.6 from 56.4, while the index of new orders in the non-manufacturing sector rose to 57.8 against 56.7 in February
The cost of the June gold futures on the COMEX today rose to 1218.30 dollars per ounce.
EUR/USD: $1.0900(E1.16bn), $1.1000(E2.5bn)
USD/JPY: Y118.50($200mn)
GBP/USD: $1.4800(Gbp916mn), $1.5100(Gbp913mn)
AUD/USD: $0.7600(A$547mn), $0.7750(A$1.4bn)
U.S. stock-index futures retreated after data Friday that showed the weakest American hiring in more than a year.
Global markets:
Nikkei 19,397.98 -37.10 -0.19%
Financial markets in Europe and most Asian countries are closed today.
Crude oil $50.12 (+1.17%)
Gold $1218.50 (+1.47%)
(company / ticker / price / change, % / volume)
Exxon Mobil Corp | XOM | 84.38 | +0.09% | 3.3K |
Chevron Corp | CVX | 105.43 | +0.14% | 1.0K |
Microsoft Corp | MSFT | 40.45 | +0.40% | 17.8K |
ALCOA INC. | AA | 13.24 | +0.76% | 22.2K |
Barrick Gold Corporation, NYSE | ABX | 12.30 | +3.54% | 25.3K |
Tesla Motors, Inc., NASDAQ | TSLA | 198.00 | +3.66% | 74.4K |
AT&T Inc | T | 33.06 | -0.21% | 8.6K |
Verizon Communications Inc | VZ | 49.30 | -0.34% | 2.8K |
Nike | NKE | 99.31 | -0.35% | 0.2K |
Intel Corp | INTC | 30.70 | -0.36% | 5.0K |
Procter & Gamble Co | PG | 82.12 | -0.38% | 0.3K |
Amazon.com Inc., NASDAQ | AMZN | 370.85 | -0.38% | 1.6K |
Cisco Systems Inc | CSCO | 27.03 | -0.41% | 6.0K |
Johnson & Johnson | JNJ | 99.20 | -0.44% | 0.1K |
ALTRIA GROUP INC. | MO | 50.96 | -0.45% | 0.4K |
General Electric Co | GE | 24.82 | -0.48% | 6.0K |
Hewlett-Packard Co. | HPQ | 31.25 | -0.48% | 0.6K |
HONEYWELL INTERNATIONAL INC. | HON | 103.00 | -0.49% | 0.1K |
Ford Motor Co. | F | 15.95 | -0.50% | 42.3K |
United Technologies Corp | UTX | 116.48 | -0.55% | 0.3K |
Starbucks Corporation, NASDAQ | SBUX | 93.85 | -0.57% | 4.0K |
Pfizer Inc | PFE | 34.18 | -0.58% | 0.9K |
Google Inc. | GOOG | 532.30 | -0.60% | 0.5K |
The Coca-Cola Co | KO | 40.43 | -0.61% | 1.1K |
Yahoo! Inc., NASDAQ | YHOO | 43.88 | -0.61% | 4.6K |
Caterpillar Inc | CAT | 79.71 | -0.66% | 0.8K |
Merck & Co Inc | MRK | 56.70 | -0.70% | 0.1K |
McDonald's Corp | MCD | 95.15 | -0.71% | 0.5K |
UnitedHealth Group Inc | UNH | 116.50 | -0.73% | 9.7K |
Facebook, Inc. | FB | 80.95 | -0.74% | 77.4K |
Walt Disney Co | DIS | 105.20 | -0.75% | 1.3K |
Apple Inc. | AAPL | 124.38 | -0.75% | 208.9K |
International Business Machines Co... | IBM | 159.15 | -0.81% | 0.5K |
Twitter, Inc., NYSE | TWTR | 50.00 | -0.83% | 29.3K |
American Express Co | AXP | 79.00 | -0.88% | 0.8K |
Wal-Mart Stores Inc | WMT | 80.01 | -0.89% | 1.2K |
AMERICAN INTERNATIONAL GROUP | AIG | 54.65 | -0.89% | 0.7K |
Citigroup Inc., NYSE | C | 51.32 | -1.04% | 10.5K |
Upgrades:
Microsoft (MSFT) upgraded from Market Perform to Outperform at Wells Fargo
Downgrades:
Other:
McDonald's (MCD) reiterated at Outperform at RBC Capital Mkts, target lowered from $115 to $110
EUR/USD
Offers 1.1100 1.1045/50
Bids 1.0950 1.0905/00 1.0850 1.0820/00
GBP/USD
Offers 1.5020/25 1.5000 1.4950
Bids 1.4850 1.4805/00
EUR/JPY
Offers 132.00 131.50 131.00
Bids 130.20 130.00 129.50 129.20/00
USD/JPY
Offers 120.00 119.50
Bids 118.50 118.00 117.50
EUR/GBP
Offers 0.7400 0.7390
Bids 0.7300 0.7285/80 0.7250
AUD/USD
Offers 0.7800 0.7750 0.7700 0.7650
Bids 0.7600 0.7550 0.7500
EUR/USD: $1.0900(E1.16bn), $1.1000(E2.5bn)
USD/JPY: Y118.50($200mn)
GBP/USD: $1.4800(Gbp916mn), $1.5100(Gbp913mn)
AUD/USD: $0.7600(A$547mn), $0.7750(A$1.4bn)
EUR / USD
Resistance levels (open interest**, contracts)
$1.1119 (2535)
$1.1074 (1060)
$1.1045 (1124)
Price at time of writing this review: $1.0976
Support levels (open interest**, contracts):
$1.0925 (611)
$1.0888 (746)
$1.0841 (1122)
Comments:
- Overall open interest on the CALL options with the expiration date May, 8 is 41134 contracts, with the maximum number of contracts with strike price $1,1200 (5377);
- Overall open interest on the PUT options with the expiration date May, 8 is 55745 contracts, with the maximum number of contracts with strike price $1,0000 (7539);
- The ratio of PUT/CALL was 1.36 versus 1.40 from the previous trading day according to data from April, 3
GBP/USD
Resistance levels (open interest**, contracts)
$1.5211 (537)
$1.5115 (1108)
$1.5019 (977)
Price at time of writing this review: $1.4918
Support levels (open interest**, contracts):
$1.4877 (1130)
$1.4781 (2365)
$1.4685 (2541)
Comments:
- Overall open interest on the CALL options with the expiration date May, 8 is 15199 contracts, with the maximum number of contracts with strike price $1,5100 (1108);
- Overall open interest on the PUT options with the expiration date May, 8 is 22323 contracts, with the maximum number of contracts with strike price $1,4700 (2541);
- The ratio of PUT/CALL was 1.47 versus 1.48 from the previous trading day according to data from April, 3
* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.
** - Open interest takes into account the total number of option contracts that are open at the moment.
(raw materials / closing price /% change)
Oil 49.14 -1.90%
Gold 1,217.80 +1.41%
(index / closing price / change items /% change)
Nikkei 225 19,435.08 +122.29 +0.63%
Shanghai Composite 3,848.02 +22.24 +0.58%
Topix 1,564.16 +9.99 +0.64%
(pare/closed(GMT +3)/change, %)
EUR/JPY $1,0973 +0,86%
GBP/USD $1,4918 +0,59%
USD/CHF Chf0,9507 -0,92%
USD/JPY Y118,98 -0,63%
EUR/JPY Y130,43 +0,14%
GBP/JPY Y177,48 -0,05%
AUD/USD $0,7631 +0,56%
NZD/USD $0,7596 +1,11%
USD/CAD C$1,2482 -0,62%
(time / country / index / period / previous value / forecast)
00:00 Australia Bank holiday
00:00 China Bank holiday
00:00 New Zealand Bank holiday
05:00 Japan Leading Economic Index (Preliminary) February 105.5 105.2
05:00 Japan Coincident Index (Preliminary) February 113.3
06:00 United Kingdom Bank holiday
06:00 France Bank holiday
06:00 Germany Bank Holiday
06:00 Switzerland Bank holiday
12:30 U.S. FOMC Member Dudley Speak
13:45 U.S. Manufacturing PMI (Finally) March 58.6 58.6
14:00 Canada Ivey Purchasing Managers Index March 49.7
14:00 U.S. ISM Non-Manufacturing March 56.9 56.6
14:30 Canada Bank of Canada Business Outlook Survey
23:30 Australia AIG Services Index March 51.7