Mirza Baig
Mirza Baig
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::: You must expect to be stung by bees when in search of honey :::
::: He who is not courageous enough to take risks will accomplish nothing in life :::
Mirza Baig
Mirza Baig
Comment to topic Traders Joking
Mine is still 14
Traders Joking
Sergey Golubev
Sergey Golubev
Comment to topic Traders Joking
Traders Joking
Sergey Golubev
Sergey Golubev
Comment to topic Traders Joking
Happy weekend ------------------ The Police - Every Breath You Take 2008 Live Video HD The Police - Every Breath You Take "Synchronicity 1983" "Live in Concert" at Baseball Stadium "Tokyo Dome" 2008
Sergey Golubev
Sergey Golubev
Comment to topic Traders Joking
Toto - Africa (Live In Amsterdam)
Mirza Baig
Mirza Baig
Comment to topic Press review
EUR/USD Weekly Outlook: December 2 - 6 Investing.com - The euro ended the week close to one-month highs against the dollar on Friday after stronger than forecast euro zone inflation data for this
Mirza Baig
Mirza Baig
Comment to topic which market is less risky?
But a less risky way to reduce the risk would be dividing the whole investment into small chunks and then using it (from purse to account), lets say, $500. And then using leverage to gain. I have
Mirza Baig
Mirza Baig
Comment to topic Press review
Natural Gas Futures Weekly Outlook: December 2 - 6 Investing.com - Natural gas futures rallied to a five-month high on Friday, as updated weather forecasting models continued to point to colder than
Mirza Baig
Mirza Baig
Comment to topic Press review
GBP/USD Weekly Outlook: December 2 - 6 Investing.com - The pound rose to 27-month highs against the dollar on Friday after the Bank of England said Thursday it was rolling back stimulus to the U.K
Mirza Baig
Mirza Baig
Comment to topic Press review
USD/CAD Weekly Outlook: December 2 - 6 Investing.com - The Canadian dollar slumped to a two-year low against the U.S. dollar on Friday, as lower oil prices and expectations that the Federal Reserve
Mirza Baig
Mirza Baig
Comment to topic Press review
AUD/USD Weekly Outlook: December 2 - 6 Investing.com - The Australian dollar bounced off a 12-week low against its U.S. counterpart on Friday, however the greenback remained supported amid
Mirza Baig
Mirza Baig
Comment to topic Press review
NZD/USD Weekly Outlook: December 2 - 6 Investing.com - The New Zealand dollar came off the lowest level since September against its U.S. counterpart on Friday, but gains remained limited amid ongoing
Mirza Baig
Mirza Baig
Comment to topic Press review
Grain Futures Weekly Outlook: December 2 - 6 Investing.com - U.S. grain futures ended Friday’s session mixed, with wheat prices rallying to hit a four-week high amid ongoing concerns over crop
Mirza Baig
Mirza Baig
::: Switzerland’s KOF economic barometer rises less-than-expected :::

Investing.com - Switzerland’s KOF economic barometer rose less-than-expected last month, data showed on Friday.

In a report, the KOF Economic Research Agency said that its economic barometer rose to a seasonally adjusted 1.85, from 1.71 in the preceding month whose figure was revised down from 1.72.

Analysts had expected the KOF economic barometer to rise to 1.88 last month.
Mirza Baig
Mirza Baig
::: Silver futures trade near 3-1/2-month low amid Fed stimulus outlook :::

Investing.com - Silver prices traded near the lowest level since August on Thursday, as growing expectations the Federal Reserve will start scaling back its stimulus measures in the near future weighed on sentiment.

On the Comex division of the New York Mercantile Exchange, silver futures for March delivery traded at USD19.74 a troy ounce during European morning trade, up 0.4%.

Comex silver prices held in a range between USD19.65 a troy ounce and USD19.80 a troy.

The March contract settled 1.06% lower on Wednesday to end at USD19.68 a troy ounce. Comex silver fell to USD19.62 a troy ounce on Monday, the lowest since August 8.

Futures were likely to find support at USD19.62 a troy ounce, the low from November 25 and resistance at USD20.14, the high from November 27.

Silver prices were pressured on Wednesday after upbeat U.S. employment and consumer confidence data fuelled expectations the Fed will start to taper its stimulus program at one of its next few meetings.

Prices of the precious metal are down approximately 35% this year on concerns the Fed would begin cutting back its easy-money policy by trimming its USD85-billion monthly bond purchasing program.

Elsewhere on the Comex, gold for February delivery rose 0.1% to trade at USD1,242.50 a troy ounce, while copper for March delivery was little changed to trade at USD3.192 a pound.

Trade volumes were expected to remain light on Thursday, with Comex floor trading scheduled to remain closed for the Thanksgiving Day holiday in the U.S. An abbreviated session was slated for Friday.
Mirza Baig
Mirza Baig
::: Copper futures fluctuate in holiday-thinned trade :::

Investing.com - Copper futures swung between small gains and losses on Thursday, as trading conditions remained thin with markets in the U.S. to remain closed for the Thanksgiving Day holiday

On the Comex division of the New York Mercantile Exchange, copper futures for March delivery traded at USD3.195 a pound during European morning trade, up 0.15%.

Comex copper prices traded in a range between USD3.185 a pound, the daily low and a session high of USD3.209 a pound.

The March contract settled 0.89% lower on Wednesday to end at USD3.190 a pound.

Copper prices were likely to find support at USD3.180 a pound, the low from November 27 and resistance at USD3.233 a pound, the high from November 27.

Trade volumes were expected to remain light on Thursday, with Comex floor trading scheduled to remain closed for the Thanksgiving Day holiday in the U.S. An abbreviated session was slated for Friday.

Copper prices were pressured on Wednesday after upbeat U.S. employment and consumer confidence data fuelled expectations the Fed will start to taper its stimulus program at one of its next few meetings.

Prices of the industrial metal are down approximately 13% this year on concerns the Fed would begin cutting back its easy-money policy by trimming its USD85-billion monthly bond purchasing program.

The Fed’s stimulus program is viewed by many investors as a key driver in boosting the price of commodities as it tends to depress the value of the dollar.

Elsewhere on the Comex, gold for February delivery dipped 0.1% to trade at USD1,240.50 a troy ounce, while silver for March delivery fell 0.85% to trade at USD19.72 a troy ounce.
Mirza Baig
Mirza Baig
::: U.S. oil futures hold near 6-month low in holiday-thinned trade :::

Investing.com - U.S. oil futures held near the previous session’s six-month low on Thursday, as market players remained concerned over rising U.S. inventories and increased production levels.

On the New York Mercantile Exchange, light sweet crude futures for delivery in January traded at USD92.24 a barrel during U.S. morning trade, down 0.1%.

New York-traded oil futures held in a range between USD92.09 a barrel, the daily low and a session high of USD92.40 a barrel.

The January contract tumbled to USD91.77 a barrel on Wednesday, the lowest since June 3, before ending 1.47% lower at USD92.30 a barrel.

Oil futures were likely to find support at USD91.37 a barrel, the low from June 3 and resistance at USD93.60 a barrel, the high from November 27.

Trade volumes were expected to remain light on Thursday, with Nymex floor trading scheduled to remain closed for the Thanksgiving Day holiday in the U.S. An abbreviated session was slated for Friday.

Wednesday’s losses came after a government report showed that U.S. oil supplies rose more-than-expected last week.

The U.S. Energy Information Administration said in its weekly report that crude oil inventories rose by 3 million barrels last week to hit 391.4 million barrels, the most since June.

Domestic output rose to 8.02 million barrels a day, the highest level in almost 25 years.

Elsewhere, on the ICE Futures Exchange in London, Brent oil futures for January delivery dipped 0.1% to trade at USD111.19 a barrel. The spread between the Brent and U.S. crude contracts stood at USD18.95 a barrel, the widest since March.

London-traded Brent futures remained supported amid ongoing concerns over a disruption to supplies from Libya.
Mirza Baig
Mirza Baig
::: Natural gas futures rally to 5-month high in holiday-trade :::

Investing.com - Natural gas futures rallied to the highest level since June on Thursday, as updated weather forecasting models continued to point to colder than average temperatures in key gas-consuming regions in the U.S.

Bullish speculators are betting that colder weather will increase demand for the heating fuel. The heating season from November through March is the peak demand period for U.S. gas consumption.

On the New York Mercantile Exchange, natural gas futures for delivery in January traded at USD3.932 per million British thermal units during U.S. morning trade, up 1.8%.

Nymex January gas prices rose to a session high of USD3.942 per million British thermal units earlier, the strongest level since June 20.

The January contract settled 0.8% higher on Wednesday to end at USD3.895 per million British thermal units.

Natural gas futures were likely to find support at USD3.834 per million British thermal units, the low from November 27 and resistance at USD3.955, the high from June 20.

Trade volumes were expected to remain light on Thursday, with Nymex floor trading scheduled to remain closed for the Thanksgiving Day holiday in the U.S. An abbreviated session was slated for Friday.

Updated weather forecasting models called for chilly temperatures across most parts of the eastern half of the U.S. during the next six-to-ten-days.

The U.S. National Weather Service said that rain is expected along the East Coast, with sleet and freezing downpours in parts of the Mid-Atlantic and the Appalachians.

Heavy snowfall is possible in western Pennsylvania, western New York and New England.

Upward momentum from Wednesday’s bullish U.S. supply data further boosted prices.

The Energy Information Administration said that natural gas storage in the U.S. fell by 13 billion cubic feet, compared to expectations for a withdrawal of 10 billion cubic feet.

Inventories fell by 2 billion cubic feet in the same week a year earlier, while the five-year average change for the week is a decline of 15 billion cubic feet.

Total U.S. natural gas storage stood at 3.776 trillion cubic feet as last week, 2.6% below last year's unusually high level but 0.5% above the five-year average for this time of year.

Elsewhere on the NYMEX, light sweet crude oil futures for delivery in January inched down 0.1% to trade at USD92.24 a barrel, while heating oil for January delivery added 0.2% to trade at USD3.048 per gallon.
Mirza Baig
Mirza Baig
::: Natural gas futures higher in U.S. trade :::

Investing.com - Natural gas futures were higher in U.S. trade on Thursday.

On the New York Mercantile Exchange, Natural gas futures for January delivery traded at USD3.933 per million British thermal units at time of writing rising 1.79%.

It earlier traded at a session high USD3.942 per million British thermal units. Natural gas was likely to find support at USD3.788 and resistance at USD3.942.

US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.12% to trade at USD80.63.

Elsewhere on the Nymex, Crude oil for January delivery fell 1.54% to trade at USD92.24 a barrel while Heating oil for January delivery fell 0.23% to trade at USD3.0356 per gallon.
Mirza Baig
Mirza Baig
::: Gold prices up in early Asian trade following U.S. Thanksgiving holiday :::

Investing.com - Gold prices rose in early Asian trade on Friday, lifted by a slightly weaker dollar and prospects for a solid holiday shopping season.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,244.60 a troy ounce, up 0.25%, with the contract settling 0.29% lower on Wednesday to end at USD1,237.90 a troy ounce. Comex gold fell to a four-and-a-half-month low of USD1,226.40 a troy ounce on Nov. 25.

Trade volumes were light on Thursday, with Comex floor trading scheduled to remain closed for Thanksgiving. An abbreviated session was slated for Friday.

The U.S. dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, traded at 80.63, down 0.12%.
Mirza Baig
Mirza Baig
::: NYMEX crude oil up in Asian trade following U.S. Thanksgiving holiday :::

Investing.com - Crude oil prices rose in early Asian trade on Friday, moving slightly off a six month low in thin trading with U.S. markets closed for the Thanksgiving holiday overnight though electronic trading continued.

On the New York Mercantile Exchange, light sweet crude futures for delivery in January traded at USD92.31 a barrel, up 0.08%,

NYMEX floor trading closed for the Thanksgiving Day holiday in the U.S. An abbreviated session was slated for Friday.

In focus for the contract are bulging U.S. oil supplies that rose more-than-expected last week.

The U.S. Energy Information Administration said in its weekly report that crude oil inventories rose by 3 million barrels last week to hit 391.4 million barrels, the most since June.

Domestic output rose to 8.02 million barrels a day, the highest level in almost 25 years.

European benchmark Brent fell back from near seven-week highs to close down at $110.68 a barrel on the ICE Futures Exchange, but remains supported by unrest in Libya that threatens exports.