MELBOURNE, July 27- London copper edged down on Wednesday but held above one-week lows hit in the previous session ahead of a meeting of the Federal Reserve which is expected to keep rates unchanged, keeping down costs for capital-intensive commodities. *Shanghai Futures Exchange copper climbed half a percent to 37,990 yuan a tonne. *Australia's Fortescue... » Read More
Stocks shrugged off downbeat macro commentary to hold onto gains going into the end of trading.
CRUDE FUTURES HOLD LOSSES IN EXTENDED TRADING AFTER API DATA SHOWS SMALLER-THAN-EXPECTED DRAW IN STOCKPILES LAST WEEK.
NEW YORK/ LONDON, July 26- Gold rose on Tuesday as the dollar fell, but remained hemmed into a range at the start of a two-day U.S. Spot gold was up 0.4 percent at $1,319.96 an ounce by 2:35 p.m. EDT, while U.S. gold futures for August delivery settled up $1.30, or 0.1 percent, at $1,320.80. The Fed will release a statement on Wednesday at 2 p.m. EDT.
Peter Schiff, CEO of Euro Pacific Capital defends his comments on The Fed’s attitude toward raising interest rates with the Futures Now traders.
Peter Schiff of Euro Pacific Capital discusses Fed rate hikes and what it means in terms of the recent rally with CNBC’s Courtney Reagan and the Future’s Now traders.
Peter Schiff, CEO of Euro Pacific Capital discusses his views on The Fed and their hesitance to raise interest rates with CNBC’s Courtney Reagan.
The "Futures Now" trades turn a technical eye towards tech earnings to watch for key levels in the Nasdaq.
The Gartman Letter's Dennis Gartman has his eye on oil's next move, while Peter Schiff of Euro Pacific Captial is watching for the bubble to burst in the market. And the "Futures Now" traders have a play on crude, the U.S. dollar and key levels in the tech space.
Dennis Gartman, The Gartman Letter weighs in on oil's next move as crude hits a three-month low. And the "Futures Now" crew have on play on crude that targets oil at $41.50.
Crude prices dipping back down to three-month lows could be a huge drag on energy earnings for the rest of the year.
SAO PAULO, July 26- Brazilian equities rose on Tuesday as higher prices of iron ore lifted shares of miner Vale SA following a heavy batch of corporate reports. Iron ore futures listed in China rose more than 2 percent on Tuesday as steel prices recovered from a steep fall last week. But the Mexican benchmark index IPC seesawed as traders avoided making big bets...
GASOLINE FUTURES REVERSE EARLIER LOSSES, TURN POSITIVE; TRADERS CITE GENSCAPE GASOLINE INVENTORY DRAW OF ABOUT 44,000 BARRELS.
LONDON, July 26- Hedge funds and other money managers have begun to amass another large short position in futures and options contracts linked to the price of crude oil. Hedge funds increased their short positions in NYMEX WTI futures and options from 53 million barrels on May 31 to 141 million barrels on July 19, anticipating a further drop in prices.
PARIS/ SINGAPORE, July 26- Chicago soybeans ticked higher on Tuesday, supported by an easing dollar, but held close to an earlier three-month low as a U.S. government report confirmed favourable crop conditions. Chicago wheat fell to break a three-day rally, pressured by a pullback in European wheat futures after a surge last week on deteriorating harvest...
July 26- U.S. stock index futures were flat on Tuesday as investors braced for a flurry of corporate earnings, including those of Apple, and ahead of the Federal Reserve's policy meeting. *The central bank will announce its decision at 2:00 p.m. ET on Wednesday. *Traders have priced in an 18.7 percent chance of a rate increase in September and 42.8 percent in...
LONDON, July 26- Gold rose on Tuesday as the dollar slipped ahead of a two-day Federal Reserve policy meeting this week, which will be closely watched for clues on the outlook for U.S. interest rates. Spot gold was up 0.5 percent at $1.321. 57 an ounce at 0930 GMT, while U.S. gold futures for August delivery were up $1.90 an ounce at $1,321.40. "Looking at Fed funds futures,...
SINGAPORE, July 26- Oil prices rebounded from over three-month lows on Tuesday, lifted by a drop in the dollar, but concerns of ongoing oversupply weighed on markets and many traders are raising their bets on further price falls. International Brent crude oil futures were trading at $44.89 per barrel at 0658 GMT, up 17 cents from their last close.
SINGAPORE, July 26- Oil prices rebounded from over three-month lows on Tuesday, lifted by a drop in the dollar, but concerns of ongoing oversupply weighed on markets and many traders are raising their bets on further price falls. International Brent crude oil futures were trading at $44.93 per barrel at 0501 GMT, up 21 cents from their last close.
SINGAPORE, July 26- Oil prices edged away from three-month lows on Tuesday, supported by a weaker dollar, but concerns of ongoing oversupply weighed on markets and many traders are raising their bets on further price falls. International Brent crude oil futures were trading at $44.80 per barrel at 0134 GMT, up 8 cents from their last close. West Texas Intermediate...
SYDNEY, July 26- U.S. soybean prices fell for a third straight session on Tuesday to trade around the lowest in more than three months, as fears over yields diminished after the U.S. Department of Agriculture said the crop withstood recent hot weather. *The most active soybean futures on the Chicago Board Of Trade fell 0.23 percent to $9.64 a bushel, having closed...
Oil prices dipped in Asian trading on plentiful supplies and slowing economic growth, although some analysts see a recovery later this year.
Gold edged lower on Wednesday as the dollar and equities firmed ahead of the U.S. Federal Reserve's policy decision due later in the day.
Resurgent concerns over supply-demand mismatches have hurt sentiment, analysts said.