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Oil prices fell again

20 Août 2014, 19:01pm

Publié par HODA Kouakou Steve

Oil prices fell again

During the last days oil prices fell again after Kurd and Iraqis forces, allied to the USA, took control of Iraq’s biggest reservoir (Iraq is the OPEP’s second biggest oil-exporter) which was previously in hands of Islamic State’s extreme revels (EI).

The price of WTI oil barrel settled below $93,5 dollars, the lowest since the beginning of the year. It is hardly expected for oil to fall below $91,5 dollars, level in which oil prices are likely to find support for the mid and long term, also at this level, the price could possibly recover.

Some important announcements are scheduled for this week. On Wednesday, the Bank of England and the fed’s economic projections are due to be released at 8:30 GMT and 18:00 GMT respectively. US oil inventories will be published, probably having effects on oil prices.

On Thursday important information is due to be announced. The Purchase index will be released at 1:45 GMT, this result will have repercussions on several commodities and Australian and New Zealand currencies. Also data about German industry will be published at 7:30 GMT, Europe’s main economy, which will possibly affect the Euro’s evolution. UK retail sales will be announced at 8:30 GMT and US home sales at 14:00 GMT.

Finally on Friday, Canadian information will be released, after the publication of the Canadian CPI and Retail sales at 12:30 GMT. In addition, the Fed’s president, Janet Yellen and the President of the European Central Bank, Mario Draghi will give speeches at 14:00 GMT and 18:30 GMT respectively.

EUR/USD

The EUR/USD showed a really volatile behavior during last week, remained between 1,3340 and 1,3410, establishing these values as a support and resistance respectively for the mid term. Data to be released this week will have a great importance and is likely to break those limits, both bearish and bullish.

GOLD

Gold prices varied this week while important geopolitical conflicts affected the price of the metal. The price of an Ounce was settled at $1.320 dollars approx. at the beginning of the week and closed it a dip above $1.290 dollars. New growths are expected given mounting tensions due to global conflicts.

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Conflicts in Iraq affect Gold and Dollar’s evolution

12 Août 2014, 19:43pm

Publié par HODA Kouakou Steve

Conflicts in Iraq affect Gold and Dollar’s evolution

During last week, the American dollar kept appreciating against several currencies such as the Euro and the Pound, even though with less intensity than in previous weeks. The greenback even fell against some currencies like the Yen or the Swiss Franc at the end of last week after a possible American intervention in Iraq caused market’s fears.

The Pound kept showing a bearish trend against the dollar during last week, after announcing discouraging data about the British industry and the decision of the Bank of England (BoE) of keeping its interest rates unchanged at 0,5%. Important information about the UK economy is due to be published next week, such as the unemployment rate, on Wednesday at 8:30 GMT and the GDP on Friday also at 8:30 GMT.

Once again, the Canadian dollar depreciated against the American Dollar after the negative Canadian unemployment rate was published last Friday, showing an unchanged long-term trend for the Canadian currency, which has been one of the weakest currencies against the Dollar this year.

Finally, oil prices (WTI) remained stable during last week, expecting specific news about what can happen with oil’s distribution given conflicts in Iraq. Elsewhere, US oil and gasoline inventories can also affect the evolution of WTI barrel’s price.

EUR/USD

Although the pair found a firm support at 1,344 and rebounded three times against it between Wednesday and Friday, it suffered new bearish pressures during last week. The future evolution of the cross will depend on results and values of the data to be announced this week. Stay alert to the US retail sales on Wednesday at 12:30 GMT and the publication of inflation in the Euro Zone scheduled for Thursday at 9:00 GMT.

GOLD

After plunging given the dollar appreciation, and slipping from $1.345 dollars an ounce to $1.230 in 20 days, gold prices recovered again while some international conflicts worsened. Apart from situations in Ukraine and in the Gaza strip, the new American intervention in Iraq caused fears on markets, appreciating some safe haven assets such as gold, which settled over $1.322 last Friday.

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Quatrième numéro du magazine LeConsultant

6 Août 2014, 20:37pm

Publié par HODA Kouakou Steve

Quatrième numéro du magazine LeConsultant

Beaucoup de monde se montre aujourd’hui soit indifférent soit très conciliant avec le néolibéralisme.

Les partis politiques ont rendu les armes aux nouvelles dominations sans prendre conscience que se répandait partout une véritable maladie de l’argent et de la cupidité.

La permissivité post- soixante-huitarde n’a pas fini de déployer ses effets dévastateurs.

Merci à vous tous qui rendez la vie agréable aux plus démunis.

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