PT. Equityworld Futures - Emas mengalami penurunan
ke-5 beruntun, kemerosotan terpanjang sejak bulan November lalu seiring
spekulasi bahwa Federal Reserve akan segera menaikkan suku bunga pada
awal bulan depan yg dapat memicu penguatan dollar, mengurangi permintaan
tuk logam tersebut sebagai aset alternatif. Indeks saham pertambangan
jatuh ke-5 minggu terendah.
Indeks mata uang dollar naik pada
level tertinggi sejak bulan Maret lalu terkait dua pejabat Fed
meng-isyaratkan pengetatan prospek kebijakan moneter. Suku bunga yg
lebih tinggi akan menekan daya tarik aset non-bunga seperti emas. Pada
data bea cukai Swiss menunjukkan bahwa ekspor emas ke India dan China,
sebagai pembeli terbesar, menurun pada bulan April dari tahun
sebelumnya.
Emas anjllok sebesar 1,6 % (satu koma enam persen)
pada pekan lalu, memperpanjang penurunan pada level tertinggi dalam satu
tahun terakhir seiring risalah pertemuan bank sentral pada bulan April
menunjukkan bahwa kenaikan suku bunga akan lebih cepat dari pada yg
diperkirakan sebelumnya. San Francisco Fed John Williams berkata pada
hari Senin terjadi 2 sampai 3 kali kenaikan pada tahun ini masih benar,
sentimen disebutkan oleh Presiden Fed Philadelphia Patrick Harker.
Emas
berjangka untuk pengiriman bulan Juni turun 1,8 % untuk menetap pada
level $ 1,229.20 per ons pada pukul 1:40 siang di Comex New York. Yang
merupakan penurunan terpanjang sejak tanggal 6 November lalu. (knc)
Sumber : Bloomberg
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Kamis, 26 Mei 2016
Senin, 23 Mei 2016
Emas Anjlok seiring Indikasi Kenaikan Suku Bunga Fed
PT. Equityworld Futures - Emas menuju pada penurunan
mingguan terpanjang pada tahun ini imbas dari hawkish para pejabat
Federal Reserve, yg mengisyaratkan bahwa kenaikan pada suku bunga AS
pada awal Juni merupakan hal yg mungkin untuk dilakukan.
Bullion untuk pengiriman akan segera sedikit berubah di level $ 1,254.05 per ounce pd pukul 2:55 siang waktu Singapura, turun untuk minggu ketiga yg tercatat sebagai penurunan terpanjang sejak November, menurut harga publik Bloomberg. Emas merosot ke level $ 1,243.90 pada hari Kamis, yg merupakan level terendah sejak 28 April imbas dari penguatan Dolar AS.
Rally emas pada tahun 2016, yang sempat membuat emas menginjak level tertinggi 15 (lima belas)-bulan nya, berbalik arah ke penurunan seiring investor menilai lagi kemungkinan biaya pinjaman Amerika Serikat yang lebih tinggi, yg meredam daya tarik emas. Seirama dgn rilis dari pertemuan April yang menyarankan kenaikan bisa dilakukan, Presiden Fed New York William Dudley berkata pada hari Kamis bahwa kenaikan pada jangka waktu Juni s/d Juli merupakan hal yang wajar, sementara Presiden Fed Richmond Jeffrey Lacker mengatakan ada kasus yg sangat kuat untuk menaikkan suku bunga bulan depan. (sdm)
Sumber: Bloomberg
Bullion untuk pengiriman akan segera sedikit berubah di level $ 1,254.05 per ounce pd pukul 2:55 siang waktu Singapura, turun untuk minggu ketiga yg tercatat sebagai penurunan terpanjang sejak November, menurut harga publik Bloomberg. Emas merosot ke level $ 1,243.90 pada hari Kamis, yg merupakan level terendah sejak 28 April imbas dari penguatan Dolar AS.
Rally emas pada tahun 2016, yang sempat membuat emas menginjak level tertinggi 15 (lima belas)-bulan nya, berbalik arah ke penurunan seiring investor menilai lagi kemungkinan biaya pinjaman Amerika Serikat yang lebih tinggi, yg meredam daya tarik emas. Seirama dgn rilis dari pertemuan April yang menyarankan kenaikan bisa dilakukan, Presiden Fed New York William Dudley berkata pada hari Kamis bahwa kenaikan pada jangka waktu Juni s/d Juli merupakan hal yang wajar, sementara Presiden Fed Richmond Jeffrey Lacker mengatakan ada kasus yg sangat kuat untuk menaikkan suku bunga bulan depan. (sdm)
Sumber: Bloomberg
Jumat, 29 April 2016
Emas Menetap Lebih Tinggi Terkait Pelemahan Dolar Jelang The Fed
PT. Equityworld Futures - Emas berjangka menetap
sedikit lebih tinggi Selasa ini karena pelemahan dolar serta investor
menunggu keputusan kunci dari pertemuan dua hari Federal Reserve.
Meskipun tidak ada kenaikan suku bunga diperkirakan pada akhir pengaturan kebijakan-FOMC Rabu sore, pernyataan bank sentral bisa menawarkan petunjuk mengenai harapan FOMC untuk kenaikan suku bunga di masa depan, yang beberapa mengharapkan terjadi pada awal Juni .
Kenaikan suku bunga AS dapat mendukung greenback, namun dapat membuat emas lebih mahal bagi mereka membeli aset dalam mata uang dolar yang menggunakan mata uang lainnya.
Emas untuk pengiriman Juni naik $ 3,20, atau 0,3%, menjadi $ 1,243.40 per ons, setelah diperdagangkan serendah $ 1,232.70. Sementara itu, SPDR Gold Trust naik 0,4%, dan Pasar Vektor Emas Miners ETF naik 1,5%.
Perak untuk pengiriman Mei naik 10,1 sen, atau 0,6%, ke $ 17,11 per ons. logam ini telah diperdagangkan serendah $ 16,835, sebelum berbalik lebih tinggi.(yds)
Sumber : www.ewfpro.com
Meskipun tidak ada kenaikan suku bunga diperkirakan pada akhir pengaturan kebijakan-FOMC Rabu sore, pernyataan bank sentral bisa menawarkan petunjuk mengenai harapan FOMC untuk kenaikan suku bunga di masa depan, yang beberapa mengharapkan terjadi pada awal Juni .
Kenaikan suku bunga AS dapat mendukung greenback, namun dapat membuat emas lebih mahal bagi mereka membeli aset dalam mata uang dolar yang menggunakan mata uang lainnya.
Emas untuk pengiriman Juni naik $ 3,20, atau 0,3%, menjadi $ 1,243.40 per ons, setelah diperdagangkan serendah $ 1,232.70. Sementara itu, SPDR Gold Trust naik 0,4%, dan Pasar Vektor Emas Miners ETF naik 1,5%.
Perak untuk pengiriman Mei naik 10,1 sen, atau 0,6%, ke $ 17,11 per ons. logam ini telah diperdagangkan serendah $ 16,835, sebelum berbalik lebih tinggi.(yds)
Sumber : www.ewfpro.com
Selasa, 26 April 2016
Emas Tahan Penurunan Terkait Fokus Pada Pertemuan Bank Sentral Pekan ini
PT. Equityworld Futures - Emas tahan penurunannya
menjelang pertemuan kebijakan bank sentral di AS dan Jepang pekan ini,
dengan investor yang bersiap memisahkan setiap sinyal dari The Fed untuk
arah kebijakan selama sisa tahun ini.
Bullion untuk pengiriman cepat berada di $ 1,231.69 per ons pada 8:49 pagi di Singapura dari $ 1,233.03 pada hari Jumat, ketika logam ini jatuh 1,2 persen, menurut Bloomberg generic pricing. Penurunan tersebut memangkas keuntungan tahun ini menjadi 16 persen.
Perak untuk pengiriman cepat, yang memasuki Bull Market pekan lalu, diperdagangkan pada $ 16,995 per ons dari $ 16,9706 pada hari Jumat. Logam ini mengalami kenaikan sebanyak $ 17,6973 pada hari Kamis, harga tertingginya sejak Mei 2015.(mrv)
Sumber : www.ewfpro.com
Bullion untuk pengiriman cepat berada di $ 1,231.69 per ons pada 8:49 pagi di Singapura dari $ 1,233.03 pada hari Jumat, ketika logam ini jatuh 1,2 persen, menurut Bloomberg generic pricing. Penurunan tersebut memangkas keuntungan tahun ini menjadi 16 persen.
Perak untuk pengiriman cepat, yang memasuki Bull Market pekan lalu, diperdagangkan pada $ 16,995 per ons dari $ 16,9706 pada hari Jumat. Logam ini mengalami kenaikan sebanyak $ 17,6973 pada hari Kamis, harga tertingginya sejak Mei 2015.(mrv)
Sumber : www.ewfpro.com
Saham Hong Kong Memerah, Ikuti Jejak Pasar Regional (Review)
PT. Equityworld Futures - Saham-saham Hong Kong jatuh pada hari Senin, mengikuti jejak pasar regional, dengan saham keuangan dan IT memimpin penurunan.
Indeks Hang Seng kehilang 0,8 persen, untuk mengakhiri hari di level 21,304.44, sedangkan Indeks China Enterprises turun 1,5 persen, ke level 8,986.33 poin.
Semua sektor, kecuali saham perusahaan jasa, jatuh.
Saham Hong Kong yang terdaftar Zoomlion Heavy Industry Science and Technology Co jatuh lebih dari 3 persen setelah perusahaan melaporkan rekor kerugian kuartalan terburuk mereka.
Melawan tren yang lebih umum, saham pengembang Cina Evergrande Real Estate Group melonjak 3,7 persen di Hong Kong, setelah mengatakan akan membeli saham di perusahaan properti milik negara Calxon Group. (sdm)
Sumber : www.ewfpro.com
Indeks Hang Seng kehilang 0,8 persen, untuk mengakhiri hari di level 21,304.44, sedangkan Indeks China Enterprises turun 1,5 persen, ke level 8,986.33 poin.
Semua sektor, kecuali saham perusahaan jasa, jatuh.
Saham Hong Kong yang terdaftar Zoomlion Heavy Industry Science and Technology Co jatuh lebih dari 3 persen setelah perusahaan melaporkan rekor kerugian kuartalan terburuk mereka.
Melawan tren yang lebih umum, saham pengembang Cina Evergrande Real Estate Group melonjak 3,7 persen di Hong Kong, setelah mengatakan akan membeli saham di perusahaan properti milik negara Calxon Group. (sdm)
Sumber : www.ewfpro.com
Selasa, 02 Februari 2016
Bursa Hong Kong Turun Pasca Melemahnya Data China ( Review )
PT. Equityworld Futures - Bursa saham Hong Kong
melemah pada hari Senin setelah survei resmi menunjukkan aktivitas
pabrik China menyusut lebih dari yang diharapkan pada bulan Januari dan
merupakan laju tercepat dalam hampir 3-1/2 Tahun terakhir.
Indeks Hang Seng turun 0,5 persen ke 19,595.50 poin, sementara Indeks China Enterprises Kehilangan 1,2 persen menjadi 8,144.85.(frk)
Sumber : www.ewfpro.com
Indeks Hang Seng turun 0,5 persen ke 19,595.50 poin, sementara Indeks China Enterprises Kehilangan 1,2 persen menjadi 8,144.85.(frk)
Sumber : www.ewfpro.com
Kamis, 19 Maret 2015
Hong Kong Stocks Slip 0.20%, Shanghai Rallies
PT. Equityworld Futures - Hong Kong stocks eased
0.20 percent Tuesday, giving up early gains following a three-day rally,
but Shanghai extended a recent rally on hopes China will unveil fresh
economy-boosting measures.
The benchmark Hang Seng Index dipped 48.06 points to 23,901.49 on turnover of HK$80.09 billion ($10.33 billion).
In mainland China, the benchmark Shanghai Composite Index jumped 1.55 percent, or 53.54 points, to 3,502.85 -- its highest close since May 2008 -- on turnover of 601.5 billion yuan ($97.7 billion).
The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 1.23 percent, or 21.59 points, to 1,781.78 on turnover of 497.5 billion yuan.
Sumber : ewfpro.com
The benchmark Hang Seng Index dipped 48.06 points to 23,901.49 on turnover of HK$80.09 billion ($10.33 billion).
In mainland China, the benchmark Shanghai Composite Index jumped 1.55 percent, or 53.54 points, to 3,502.85 -- its highest close since May 2008 -- on turnover of 601.5 billion yuan ($97.7 billion).
The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 1.23 percent, or 21.59 points, to 1,781.78 on turnover of 497.5 billion yuan.
Sumber : ewfpro.com
Senin, 16 Februari 2015
Gold Futures Rise as U.S. Consumer Sentiment Ebbs; Silver Jumps
PT. Equityworld Futures - Gold futures rose for the second straight day as weaker U.S.
consumer confidence added to concerns that the economy is slowing,
boosting demand for the precious metal as a haven. Silver jumped the
most in four weeks.
The Thomson Reuters/University of Michigan preliminary sentiment index decreased to 93.6 from a final January reading of 98.1 that was the highest since the start of 2004, figures showed Friday. A report on Thursday revealed that sales at U.S. retailers fell more than forecast in January.
Gold dropped 29 percent in the previous two years, posting consecutive annual losses for the first time since 1998. Faster U.S. expansion prompted some investors to lose faith in the metal as a store of value amid speculation that the Federal Reserve would raise interest rates. Prices rebounded 8 percent in January as slowing foreign economies cast doubt that American growth would remain resilient.
Gold futures for April delivery climbed 0.5 percent to settle at $1,227.10 an ounce at 1:38 p.m. on the Comex in New York. Yesterday, the price rose 0.1 percent.
This week, the price dropped 0.6 percent, the third straight decline.
Silver futures for March delivery jumped 3 percent to $17.294 an ounce, the biggest gain for a most-active contract since Jan. 16.
Sumber : ewfpro.com
The Thomson Reuters/University of Michigan preliminary sentiment index decreased to 93.6 from a final January reading of 98.1 that was the highest since the start of 2004, figures showed Friday. A report on Thursday revealed that sales at U.S. retailers fell more than forecast in January.
Gold dropped 29 percent in the previous two years, posting consecutive annual losses for the first time since 1998. Faster U.S. expansion prompted some investors to lose faith in the metal as a store of value amid speculation that the Federal Reserve would raise interest rates. Prices rebounded 8 percent in January as slowing foreign economies cast doubt that American growth would remain resilient.
Gold futures for April delivery climbed 0.5 percent to settle at $1,227.10 an ounce at 1:38 p.m. on the Comex in New York. Yesterday, the price rose 0.1 percent.
This week, the price dropped 0.6 percent, the third straight decline.
Silver futures for March delivery jumped 3 percent to $17.294 an ounce, the biggest gain for a most-active contract since Jan. 16.
Sumber : ewfpro.com
Sabtu, 07 Februari 2015
Gold Rises for First Time in Three Days on China Monetary Easing
PT. Equityworld Futures - Gold
futures rose for the first time in three days as China took steps to
shore up economic growth amid signs of a deepening slowdown, boosting
demand for the metal as a store of value.
China reduced the
amount of cash lenders must set aside as reserves in a bid to increase
liquidity, following capital outflows and weaker manufacturing. Gold
pared earlier gains of as much as 1 percent after a report showed U.S.
service industries expanded at a faster pace last month.
The metal in January
jumped the most in three years as concern mounted that Greece would exit
the euro area and officials in Europe and Asia announced stimulus to
bolster stagnating economies. Imports by India, the world™s
second-biggest user, surged in the 10 months ended Jan 31 after the
government eased curbs on purchases.
On the Comex in New
York. gold futures for April delivery rose 0.3 percent to settle at
$1,264.50 an ounce at 1:51 p.m. Aggregate trading was 25 percent below
the 100-day average, according to data compiled by Bloomberg. The price
fell 1.5 percent in the previous two days on concern that U.S. interest
rates will increase soon.
Last year, gold posted
a consecutive annual decline for the first time since 1998 as the U.S.
economy gained traction and equities surged to a record.
Sumber : ewfpro.com
Jumat, 05 Desember 2014
Gold Slides as European Central Bank Snubs Bullion Purchases
Gold futures dropped after the European Central Bank said it wouldn™t consider adding to bullion purchases.
The
ECB discussed buying all assets except the metal as it plans to
reassess stimulus next quarter, President Mario Draghi said today. The
comments come after Executive Board member Yves Mersch said last month
that the bank could Å“theoretically buy bullion.
Gold
has rebounded 6.8 percent since touching a four-year low on Nov. 7 amid
speculation that lower prices would start to attract increased physical
purchases, including from central banks. Investor demand for precious
metals has waned amid a rally for equities and the dollar and as
inflation remained low.
Gold
futures for February delivery slipped 0.1 percent to settle at
$1,207.70 an ounce at 1:43 p.m. on the Comex in New York, dropping for
the second time in three days.
Source : Bloomberg
Gold Retreat as Dollar Holds Advance Before ECB Policy Meeting
Gold
retreated as the dollar traded near a five-year high before a European
Central Bank meeting today that may give indications on further
stimulus.
The
Bloomberg Dollar Spot Index was little changed before data due tomorrow
that™s forecast to show U.S. jobs growth and amid speculation ECB
policy makers will signal more stimulus. President Mario Draghi said
last month they are open to buying a wide variety of assets.
The
greenback has strengthened as the Federal Reserve considers raising
borrowing costs while other central banks take steps to spur growth. A
stronger dollar and higher U.S. interest rates reduce gold™s allure
because the metal generally offers investors returns only through price
gains.
Gold
for February delivery fell 0.5 percent to $1,202.20 an ounce by 7:18
a.m. on the Comex in New York. Bullion for immediate delivery declined
0.6 percent to $1,202.25 in London, according to Bloomberg generic
pricing.
Source : Bloomberg
Dollar Probes 120 Yen on U.S. Growth as Euro Traders Await ECB
The
dollar strengthened to within 0.1 percent of 120 yen, reaching the
highest level since July 2007, as analysts forecast that U.S. job growth
will accelerate, boosting the economy while Japan™s remains mired in
recession.
While
the U.S. currency is being buoyed by signs of strength in the American
economy, the yen and the euro are weakening as their central banks
expand stimulus measures to boost growth. Europe™s shared currency
touched a two-year low today as traders awaited a monetary-policy
decision from the European Central Bank. Australia™s dollar slid for a
sixth day after Goldman Sachs Group Inc. forecast it would decline to 79
U.S. cents.
The
dollar rose 0.1 percent to 119.93 yen at 12:10 p.m. London time, after
rising to 119.98, the strongest level since July 2007. The U.S. currency
was little changed at $1.2313 per euro after appreciating to $1.2296,
the strongest since August 2012. The yen traded at 147.66 per euro.
About
$3 billion in options contracts with strikes at 120 yen per dollar
expire today, according to data compiled by Bloomberg, potentially
limiting the decline of the Japanese currency. The greenback appreciated
14 percent against the yen this year as the Fed moved closer to raising
interest rates while the Bank of Japan increased the scale of its bond
purchases as recently as October.
Source : Bloomberg
Selasa, 02 Desember 2014
Gold Retreats From Five-Week High on Outlook for Stronger Dollar
Gold
retreated after the biggest one-day rally in more than a year as
investors weighed the outlook for a stronger dollar against a rebound in
oil prices. Silver, platinum and palladium dropped.
Bullion
for immediate delivery declined as much as 0.7 percent to $1,203.45 an
ounce, and traded at $1,205.47 at 8:55 a.m. in Singapore, according to
Bloomberg generic pricing. The metal rallied yesterday to $1,221.43, the
highest level since Oct. 30, after climbing from a three-week low of
$1,142.88 as some investors ended bets on lower prices.
Gold
advanced 3.8 percent yesterday, the most since Sept. 2013, as crude
recovered from a five-year low and the Bloomberg Dollar Spot Index fell
from the highest since 2009. The gauge of the U.S. currency remains 8.3
percent higher this year amid expectations that the Federal Reserve will
start to raise interest rates next year, hurting gold™s allure. Assets
in the SPDR Gold Trust, the largest exchange-traded product backed by
the metal, shrank 10 percent in 2014 to a six-year low.
Gold
dropped for a third month in November as the Fed assessed the timing of
rate rises, while other central banks added to stimulus, strengthening
the dollar. Policy makers at the European Central Bank and Bank of
England meet Dec. 4.
Source: Bloomberg
Dollar Falls From 5-Year High on Speculation It Gained Too Fast
The
dollar declined from the highest level in more than five years amid
speculation the currency may have strengthened too much, too fast.
The greenback slipped
versus most of its 16 major peers after a gauge of the Bloomberg Dollar
Spot Index™s relative strength exceeded 70 on Nov. 28, a level some
traders consider a signal an asset may reverse course. Russia™s ruble
led a drop by some commodity-producing nations™ currencies as oil
reached a five-year low. The yen gained after weakening to a seven-year
low as Moody™s Investors Service cut Japan™s credit rating.
Bloomberg™s dollar
index, which tracks the greenback against the currencies of 10 trading
partners, sank 0.3 percent to 1,103.69 at 4:11 p.m. in New York. It
closed on Nov. 28 at 1,106.90, the highest level since March 2009, as it
gained for a sixth consecutive week.
The dollar fell 0.2
percent to 118.36 yen, after earlier touching 119.14 yen, the strongest
since August 2007. The U.S. currency depreciated 0.2 percent to $1.2473
per euro. The 18-nation currency was little changed at 147.64 yen.
Source : Bloomberg
Selasa, 25 November 2014
WTI Drops a Second Day as OPEC Considers Sparing Three From Cut
West Texas
Intermediate crude fell for a second day as OPEC considered sparing
three nations from potential output cuts when the group meets in Vienna
this week.
Futures slid as much as 0.4 percent in New York.
Iraq, Iran and Libya wouldn™t have to trim supplies should the
Organization of Petroleum Exporting Countries agree to a reduction,
according to two people with knowledge of the proposal. This is not the
first time the market is oversupplied, Saudi Arabia™s Oil Minister Ali
Al-Naimi said in the Austrian capital.
Oil has collapsed into a bear market as the U.S.
pumps crude at the fastest rate in more than three decades amid signs of
a supply glut. Some OPEC producers are resisting calls to reduce
production while Venezuela and Ecuador seek action to support prices
ahead of discussions on Nov. 27.
WTI for January delivery dropped as much as 31
cents to $75.47 a barrel in electronic trading on the New York
Mercantile Exchange and was at $75.68 at 10:06 a.m. Sydney time. The
contract lost 73 cents to $75.78 yesterday. The volume of all futures
traded was about 43 percent below the 100-day average. Prices have
decreased 23 percent this year.
Brent for January settlement dropped 68 cents, or
0.9 percent, to $79.68 a barrel on the London-based ICE Futures Europe
exchange yesterday. The European benchmark crude ended the session at a
premium of $3.90 to WTI.
Source: Bloomberg
Yen Approaches Seven-Year Low Before Kuroda Speaks Amid Stimulus
The
yen approached a seven-year low versus the dollar before Bank of Japan
Governor Haruhiko Kuroda speaks today, as policy diverges from the
Federal Reserve.
The
euro maintained gains from yesterday versus its major peers after
European Central Bank Governing Council member Jens Weidmann said
expanding bond purchases to government debt would face Å“legal hurdles.
New Zealand™s dollar held its first decline in three days before a
quarterly Reserve Bank survey of inflation expectations. The BOJ today
releases minutes of its Oct. 31 meeting, when it surprised markets by
expanding stimulus two days after the Fed ended its bond-buying program.
The
yen slipped 0.1 percent to 118.43 per dollar at 8:47 a.m. in Tokyo from
yesterday, when it fell 0.4 percent. It reached 118.98 on Nov. 20, the
weakest since August 2007. The yen was little changed at 147.26 per
euro, after yesterday™s 0.8 percent slide. The euro traded at $1.2434
from $1.2442.
The
BOJ last month lifted the annual target for enlarging the monetary base
to 80 trillion yen ($675 billion), from 60 trillion yen to 70 trillion
yen. The policy board voted to retain the plan at the end of a two-day
meeting on Nov. 19. Kuroda is scheduled to speak at 10 a.m. in Nagoya
today.
The
Fed is moving to raise interest rates for the first time since 2006
after curtailing its quantitative-easing program. Futures traders
predict there™s a 50 percent chance rates will rise in September for the
first time since 2006.
The New Zealand dollar was little changed at 78.60 U.S. cents, after weakening 0.3 percent yesterday.
Source : Bloomberg
Jumat, 21 November 2014
WTI Crude Gains a Second Day as Investors Weigh OPEC Output Cut
West Texas Intermediate crude rose for a second day as investors
weighed the likelihood OPEC will cut production when it meets in Vienna
next week.
Futures advanced as much as 1.2 percent in New York. The Organization of Petroleum Exporting Countries may reduce its output target by no more than 500,000 barrels a day, Bank of America Corp. said in a note yesterday. Iran will protect its share of global sales and can double exports in two months if sanctions are removed, Oil Minister Bijan Namdar Zanganeh said, according to the ministry’s news website Shana.
Oil has collapsed into a bear market as the U.S. pumps at the fastest rate in more than three decades amid signs of weakening demand. Leading OPEC members are resisting calls to reduce supply while others including Venezuela seek action to support prices before a Nov. 27 meeting.
WTI for January delivery increased as much as 88 cents to $76.73 a barrel in electronic trading on the New York Mercantile Exchange and was at $76.61 at 10:50 a.m. Sydney time. The December contract expired yesterday after rising $1 to $75.58. Front-month prices are up 1 percent this week, heading for the first weekly gain since September.
Brent for January settlement climbed $1.23, or 1.6 percent, to $79.33 a barrel on the London-based ICE Futures Europe exchange yesterday. The European benchmark crude ended the session at a premium of $3.48 to WTI.
Source : Bloomberg
Futures advanced as much as 1.2 percent in New York. The Organization of Petroleum Exporting Countries may reduce its output target by no more than 500,000 barrels a day, Bank of America Corp. said in a note yesterday. Iran will protect its share of global sales and can double exports in two months if sanctions are removed, Oil Minister Bijan Namdar Zanganeh said, according to the ministry’s news website Shana.
Oil has collapsed into a bear market as the U.S. pumps at the fastest rate in more than three decades amid signs of weakening demand. Leading OPEC members are resisting calls to reduce supply while others including Venezuela seek action to support prices before a Nov. 27 meeting.
WTI for January delivery increased as much as 88 cents to $76.73 a barrel in electronic trading on the New York Mercantile Exchange and was at $76.61 at 10:50 a.m. Sydney time. The December contract expired yesterday after rising $1 to $75.58. Front-month prices are up 1 percent this week, heading for the first weekly gain since September.
Brent for January settlement climbed $1.23, or 1.6 percent, to $79.33 a barrel on the London-based ICE Futures Europe exchange yesterday. The European benchmark crude ended the session at a premium of $3.48 to WTI.
Source : Bloomberg
Natural Gas Rises to 5-Month High on Heating-Fuel Demand
Natural gas futures rose in New York to the highest price in almost five months as a blast of arctic air spurred heating-fuel demand.
Prices alternated between gains and losses before ending the session up 2.7 percent. The government’s Global Forecast System midday update showed that temperatures will be below normal in the eastern U.S. next week before moving closer to seasonal norms Nov. 30 through Dec. 4, according to Frontier Weather Inc. Gas demand this week jumped to an eight-month high as temperatures tumbled, according to LCI Energy Insight data.
“A very cold start to the winter has resurfaced repressed market memories of last winter, with fickle short-term weather forecasts supporting the ongoing tug-of-war in natural gas prices,” said Teri Viswanath, director of commodities strategy at BNP Paribas SA in New York. “While the midday model runs showed a slightly warmer version of the 11- to 15-day forecast period, there appears sufficient cold weather to entice buyers.”
Natural gas for December delivery rose 11.8 cents to settle at $4.489 per million British thermal units on the New York Mercantile Exchange, the highest close since June 25. Prices rose to $4.503 and dropped to $4.25 during the session. Volume for all futures traded was more than double the 100-day average at 3:48 p.m. Prices are up 22 percent from a year ago.
December $4.75 calls were the most active options in electronic trading, falling 0.6 cent to 2.3 cents on volume of 2,341 as of 3:48 p.m.
The weather model for the 11- to 15-day period “averages a couple degrees warmer than normal for just about everywhere east of the Rockies except for the Northeast, which averages nearer to normal,” said Jim Southard, meteorologist with Frontier in Tulsa, Oklahoma.
The expected temperature range in St. Louis on Dec. 2 is now 43 degrees Fahrenheit (6 Celsius) to 51, up from the previously forecast range of 34 to 41, he said.
The noon model showed no significant changes in the forecast for the next week, Southard said. A surge of polar air from Canada will push from the Great Plains to Florida Nov. 25 through Nov. 29, with the Midwest seeing the strongest intensity of the cold, according to MDA Weather Services in Gaithersburg, Maryland. About 49 percent of U.S. households use gas for heating.
Gas stockpiles fell 17 billion cubic feet in the week ended Nov. 14 to 3.594 trillion, topping the five-year average decline of 10 billion for the period, the U.S. Energy Information Administration report showed. Analyst estimates showed an expected drop of 11 billion, as did a survey of Bloomberg users.
A deficit to weekly five-year average inventory levels widened to 6.4 percent from 6.2 percent the previous week, expanding for the first time since March.
Supplies were 5.3 percent below year-earlier inventories, compared with 5.7 percent in last week’s report.
Spectra Corp.’s Algonquin gas pipeline in the Northeast curtailed 50 percent of secondary nominations on the system at the end of last week and that rose to about 80 percent as it got colder this week, said Valeria Annibali, energy industry analyst at FERC’s enforcement office. That signals less gas was available for power generators as more pipeline capacity was used to serve firm contract holders, such as distribution companies for households, she said.
Pipeline data this week also showed a notable shift in gas flows, with the Marcellus shale in Pennsylvania and West Virginia meeting a bigger share of Northeast demand while Louisiana and Gulf flows stopped in the mid-Atlantic region, she said.
Gas demand jumped to 111.3 billion cubic feet on Nov. 18, the most for any day since Feb. 11, data show from LCI Energy in El Paso, Texas. Gas deliveries for the next day jumped to a seven-month high of $10.78 per million Btu on the day-ahead market on the Intercontinental Exchange. Algonquin prices today closed at $5.87.
“You expect prices like that in the depths of winter,” Ellsworth said.
Source : Bloomberg
Prices alternated between gains and losses before ending the session up 2.7 percent. The government’s Global Forecast System midday update showed that temperatures will be below normal in the eastern U.S. next week before moving closer to seasonal norms Nov. 30 through Dec. 4, according to Frontier Weather Inc. Gas demand this week jumped to an eight-month high as temperatures tumbled, according to LCI Energy Insight data.
“A very cold start to the winter has resurfaced repressed market memories of last winter, with fickle short-term weather forecasts supporting the ongoing tug-of-war in natural gas prices,” said Teri Viswanath, director of commodities strategy at BNP Paribas SA in New York. “While the midday model runs showed a slightly warmer version of the 11- to 15-day forecast period, there appears sufficient cold weather to entice buyers.”
Natural gas for December delivery rose 11.8 cents to settle at $4.489 per million British thermal units on the New York Mercantile Exchange, the highest close since June 25. Prices rose to $4.503 and dropped to $4.25 during the session. Volume for all futures traded was more than double the 100-day average at 3:48 p.m. Prices are up 22 percent from a year ago.
Price Retreat
Gas retreated during the session as futures faced resistance in the $4.50 range, said Ellen Stamm, global natural gas analyst at Schneider Electric in Louisville, Kentucky. It will take colder weather to break through that level, she said.December $4.75 calls were the most active options in electronic trading, falling 0.6 cent to 2.3 cents on volume of 2,341 as of 3:48 p.m.
The weather model for the 11- to 15-day period “averages a couple degrees warmer than normal for just about everywhere east of the Rockies except for the Northeast, which averages nearer to normal,” said Jim Southard, meteorologist with Frontier in Tulsa, Oklahoma.
The expected temperature range in St. Louis on Dec. 2 is now 43 degrees Fahrenheit (6 Celsius) to 51, up from the previously forecast range of 34 to 41, he said.
The noon model showed no significant changes in the forecast for the next week, Southard said. A surge of polar air from Canada will push from the Great Plains to Florida Nov. 25 through Nov. 29, with the Midwest seeing the strongest intensity of the cold, according to MDA Weather Services in Gaithersburg, Maryland. About 49 percent of U.S. households use gas for heating.
Inventory Report
“This is an earlier cold snap and when they have to eat into storage earlier than they expected, that can make the market a little bit nervous,” Chris Ellsworth, fuel branch chief with the Federal Energy Regulatory Commission’s office of enforcement.Gas stockpiles fell 17 billion cubic feet in the week ended Nov. 14 to 3.594 trillion, topping the five-year average decline of 10 billion for the period, the U.S. Energy Information Administration report showed. Analyst estimates showed an expected drop of 11 billion, as did a survey of Bloomberg users.
A deficit to weekly five-year average inventory levels widened to 6.4 percent from 6.2 percent the previous week, expanding for the first time since March.
Supplies were 5.3 percent below year-earlier inventories, compared with 5.7 percent in last week’s report.
Bigger Decline
Early data indicates that the stockpile decline in next week’s report will jump to 150 billion cubic feet, given the blast of arctic air sweeping most of the lower 48 states, according to Viswanath and Stamm. The five-year average drop for the seven days ending Nov. 21 is 6 billion.Spectra Corp.’s Algonquin gas pipeline in the Northeast curtailed 50 percent of secondary nominations on the system at the end of last week and that rose to about 80 percent as it got colder this week, said Valeria Annibali, energy industry analyst at FERC’s enforcement office. That signals less gas was available for power generators as more pipeline capacity was used to serve firm contract holders, such as distribution companies for households, she said.
Pipeline data this week also showed a notable shift in gas flows, with the Marcellus shale in Pennsylvania and West Virginia meeting a bigger share of Northeast demand while Louisiana and Gulf flows stopped in the mid-Atlantic region, she said.
Gas demand jumped to 111.3 billion cubic feet on Nov. 18, the most for any day since Feb. 11, data show from LCI Energy in El Paso, Texas. Gas deliveries for the next day jumped to a seven-month high of $10.78 per million Btu on the day-ahead market on the Intercontinental Exchange. Algonquin prices today closed at $5.87.
“You expect prices like that in the depths of winter,” Ellsworth said.
Source : Bloomberg
Kamis, 20 November 2014
Minyak WTI Melemah Setelah Persediaan Minyak Mentah AS Menguat
Minyak mentah West Texas Intermediate (WTI)
turun untuk hari keempat setelah persediaan minyak mentah AS naik, dan
investor mengkaji kemungkinan pemangkasan produksi minyak OPEC.
Minyak
berjangka melemah 0,4% di New York. Stok minyak mentah AS naik sebesar
2,6 juta barel pekan lalu menjadi 381.100.000, menurut laporan Energy Information Administration (EIA).
Organisasi Negara-negara Pengekspor Minyak (OPEC) harus memangkas
kelebihan pasokan dan mengurangi target produksi, Gubernur OPEC Libya
Samir Kamal mengatakan kemarin.
Minyak telah merosot ke bear market setelah
Amerika Serikat meningkatkan suku bunga tertinggi dalam lebih dari tiga
dekade di tengah tanda-tanda melemahnya permintaan. Memimpin anggota
OPEC menolak permintaan untuk mengurangi produksi karena produsen minyak
yang lebih kecil seperti Venezuela mencari tindakan untuk mendukung
harga sebelum pertemuan 27 November mendatang di Wina.
Minyak
mentah WTI untuk pengiriman Desember, yang berakhir hari ini,
kehilangan 33 sen menjadi $ 74,25 per barel di perdagangan elektronik New York Mercantile Exchange dan
berada di level $ 74,28 pada pukul 10:48 pagi waktu Sydney. Kontrak
bulan Januari yang lebih aktif turun 23 sen menjadi $ 74,27. Volume
semua berjangka yang diperdagangkan adalah sekitar 46% di bawah
rata-rata 100 hari. Harga WTI telah turun 25% dalam tahun ini.
Sementara minyak mentah Brent untuk pengiriman Januari turun 37 sen, atau 0,5%, ke $ 78,10 per barel di bursa ICE Futures Europe exchange kemarin. Minyak mentah patokan Eropa mengakhiri sesi di level $ 3,60 lebih besar dari WTI untuk bulan yang sama.
OPEC,
yang memasok sekitar 40% dari minyak dunia, memompa 30.970.000 barel
per hari pada bulan Oktober, melampaui target produksi kolektif dari 30
juta barel untuk bulan kelima berturut-turut, data yang dikumpulkan oleh
Bloomberg menunjukkan.(frk)
Sumber : Bloomberg
Gold Open Interest Rises to 22-Month High as Short Bets Climb
Holdings in gold contracts reached the highest in almost 22 months as investors added to bets that prices will drop. Futures fell.
The aggregate number of futures contracts yet to be closed, liquidated or delivered rose to 459,657 yesterday, the highest since Jan. 22, 2013. Money managers have boosted their short wagers to the highest in four weeks, while long holdings dropped to the lowest since January, government data show.
Investor appetite for bullion has ebbed as the dollar jumped to the highest since 2009 against a 10-currency basket and the Federal Reserve moved closer to its first U.S. interest-rate increase in eight years, cutting demand for the metal as an inflation hedge. Gold futures slumped to the lowest in four years this month, heading for a second straight annual loss.
Gold futures for December delivery lost 0.3 percent to settle at $1,193.90 an ounce today on the Comex in New York. The metal fell to $1,130.40 on Nov. 7, the lowest since April 2010.
Aggregate trading was more than double the 100-day average for this time, data compiled by Bloomberg show.
Bullion has declined for two straight months, the longest slump this year, as U.S. equities surged to a record and inflation failed to accelerate. Fed officials said last month that lower energy costs may hold down consumer costs in the near term.
Source: Bloomberg
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