Increase Your Online Forex Trading KnowledgeIncrease Your Online Forex Trading KnowledgeOnline Forex Trading Resources - Improve Your Forex Trading, Foreign Exchange, Stock Exchange, Option Trading, Commodity Trading, Future Exchange, Option Forex, Option Stock, Fundamental Analysis, Technical Analysis, Currency Trading Strategy with si Articles
The Simplest Way To Find Forex Day Trading Signal Like Pros
2008-05-01 07:03:00 By Greg F. MorrisIf you are searching for information on how to find Forex day trading signal, then you should continue reading this article. In this article, I will introduce you the simplest way to find a profitable Forex signal. The article will cover 3 main points - why you should use a signal generator, how reliable it is, and other alternatives to get profitable signal. After reading this article, you should be able to identify profitable day trading signal and start trading like pros.One of the simplest and hassle-free ways to search for trading signals is through using signal generator software. Basically, this software analyzes the market trend and point out several points that are profitable. Now, most experts are depending on certain softwares to aid them in analyzing the market trend, and signal generator can be regarded as the most important tool to them. The reasons why they use a signal generator is because it can reduce the time spent in analyzing the market, it is m... More About: Trading , Find , Forex Trading , Signal
The Dumb Mistakes Most Traders Make When Using A Forex Signal Trading Syste
2008-05-01 06:58:00 By Greg F. MorrisIf you are using a Forex signal trading system to aid you in your day trading, you should continue reading this article. In this article, we will cover 3 dumb mistakes that are often made by most traders. They are - over-reliance,forget to set a stop-loss limit and do not follow the current news. After reading this article, you should be able to trade using a Forex signal trading system wisely and reap the most benefit out of the automated (or semi-automated) system.Firstly, using a signal trading system will cause the problem of over-reliance if you are not a disciplined trader. It is not advisable for a new trader to be too rely on the trading system because this will cause them to trade without any prior knowledge in the Forex currency trading. While many of the new traders have some success using certain signal trading systems, they should first have the fundamental knowledge so that they can do the basic analysis to determine whether the signal generated can be... More About: Trading , Dumb , Traders , Forex Trading
Relative Market Share Profit - Great Tool For Stock Picking
2008-04-02 14:38:00 Relative market share profit indicates likely cash generation, because the higher the market share of a company, the more cash will be generated through sales. As a result of increased market share, it is usually assumed that the company will be able to increase its earnings at a faster rate than if it remained the same size.This increased growth usually stems from being able to reduce the cost per unit or variable cost of its products. One example of how this can happen is the marginal cost or cost to produce one more unit will not have to include extra costs for say fixtures and fittings of the factory. In essence it means the more a company produces, the more profitable it should be.One way to measure a brands relative market share is simply not by the percentage of the market it has (through revenue) but instead by comparing a companys sales relative to its largest competitor. For example if say Stock broker A has a market share of 20 percent, and the largest competitor had the s... More About: Market , Great , Profit , Tool
Understanding The Difference Between OTC Markets and Exchanges
2008-03-23 07:18:00 Unlike many other financial markets -- such as many stock markets around the world -- the forex market is not traded on an exchange, but operates as what is known as an over-the-counter market. The difference between exchange-traded and over-the-counter markets is outlined below.Exchange-traded markets. Exchange-traded markets are one in which all transactions are routed through a central source. In other words, one party is responsible for being the intermediary that connects buyers and sellers. The downside of this is that it gives the intermediary immense power in shaping the market. The upside is that it allows for better enforcement of transactions and security measures; for instance, exchange-traded markets can standardize products, and can ensure that payments and goods are delivered in accordance with the terms of the trade. Stock exchanges like the New York Stock Exchange (NYSE) are an example of an exchange-traded market.Over-the-counter markets. Unlike exchange-traded mar... More About: Markets , Difference , Understanding
Best Forex Training - Forex Training With A Log
2008-03-23 07:17:00 Amateur traders often look to external sources for the best Forex training opportunities. They try to find the latest 'systems' and purchase hundreds of dollars worth of books and videos. But one important (not to mention free) source that they often ignore is their own trading log.Many traders know that they should keep a log (or record) of their own trading activities. But what kind of information should they keep, and how will that information help them improve on their trading?Log Entry Detail #1 - Entry and Exit reasonsOne of the most important details to keep is the reason(s) for entering or exiting your trades. If you entered a trade (for whatever reason), and you made money, you may then go back to analyze what went right for you. However, if you lost money on that trade, then you can also go back and think about how you could have done things differently.Without a record of your trade entry or exit reasons, you won't know what went wrong or what went right. Many retail t... More About: Training
Forex Signal
2008-03-23 07:15:00 To generate a forex signal, you will need indicators and a test that your indicators are working. A general rule is to develop a positive expectancy game. This can be done in two ways. First, if your average losing trade is smaller than your average winning trade and the system works 50% of the times, you have a positive expectancy system in the long run.The other way to develop this type of forex signal system is to generate a signal which gives you more winners than losers and again the average win should be at least equal or greater than the average loss.Trend following forex signal systems generate an accuracy of around 40%. A simple reason for this is that the markets trend 30-40% of the times. These type of systems are good as they catch major swings in the markets. However, psychologically they are difficult to trade. It requires a lot of patience and waiting to trade these type of systems. The other forex signal system is a day trading system. In all cases, the risk control ... More About: Forex , Signal
Forex Killer Review - Forex Trading For Anyone, Learn Forex Trading
2008-03-23 07:13:00 Forex Killer Trading System is an automated, forex trading signal generator that will help you to improve your forex trading results.Traders have big problems with deciding whether to enter a trade or not. The problem is that traders don't know if the signal is "right" or "wrong", and because they don't know how to act, this causes traders to miss a lot of profitable trades.With Forex Killer you will get an automatic and mechanical trading signal generator, which will help you to make instant correct decisions. No more guessing, you will see profitable trades using this amazing software.You will not need to think about anything anymore, because all your trading system will be generated by Forex Killer. It's completely unbiased, and can be very profitable.It doesn't matter whether you are day-trader or position-trader, Forex Killer will find profitable trades for you. You will be able to use Probability calculator, and decide to take only trades which have 75% or higher chance of... More About: Review , Forex , Forex Trading
Day Trading The Forex Market
2008-03-23 07:12:00 Almost everyone that talks to me about trading Forex refer the day trading. To all this people I tend to say that if you're just starting in this market, "Watch out!" It's not as simple or as easy as it looks.There are some reasons why most beginners and even advanced traders can't make money consistently day trading Forex.1 - The Forex market is open 24 hours a day.Well, this could be an enormous advantage and it sure seems like it. But let us analyze it. If the Forex market is open 24 hours a day and you want to day trade and make money, this would mean be in front of your computer 24 hours a day. Well, this is impossible for one person to do. Even if you could stay awake 24 hours a day (which you can, obviously), would you be in the right frame mind to do a good trade? Would you even recognize that it was a good trade to enter? I don't think so.2 - The Forex market lacks volatility during most of the day.I'm sure you already figured it out. If the market is open 24 hours a d... More About: Market , Trading , Day Trading
Forex Trading - Where Your Money's At!
2008-03-23 07:11:00 Did You Know That The Forex Market Determines The Value Of Your Money?Most people don't. I didn't until I stumbled across a website one day while performing internet research for a product that I had stumbled across. I began reading about the Foreign Exchange Market and immediately I was captured by the sheer size and importance of what the Forex market represents to me and my family. The foreign exchange marketplace is where the actual currencies of individual countries are traded around the world, 24 hours a day, 5 days a week. The market has many nicknames, FOREX, FX market, currency trading etc., but what it really represents is the single most important marketplace on the planet. I call it the most important marketplace because what happens in the FX market has a direct effect on the value of the money in your pocket. Sense just about everything you do, need and desire is affected by the value of the money you have at any particular moment, learning what the Forex market is a... More About: Trading , Forex Trading
Forex Assassin Review - What Is The Forex Assassin Formula?
2008-03-23 07:10:00 Forex Assassin is a new Forex Trading tool which is already enjoying a growing popularity. This tool was made especially for the novice trader who can only spare a short time for trading. It was made wiht the average Joe who has a day time job, a family to take care of, and simply can't spare the time to monitor the markets all day, looking out for indicators, signals and the like, but would still like to take his or her trading to a new level.How Do You Work With Forex AssassinEach weekend you spend a few minutes of your time getting the exact prices from the market data. The only thing you need is the price since Forex Assassin is a price driven system. This makes it especially easy to understand for the novice trader.You take the data you extracted and plug it in to the proprietary Forex Assassin formula. This is a formula which was developed over the course of 11 years of extensive trading, testing, learning, and fine tuning. What the formula does is provide you with 'take pro... More About: Formula , Review , Forex
Forex Killer Scam - Is Andreas Kirchberger For Real?
2008-03-23 07:09:00 Forex Killer is an automatic currency trading software which was created by Andreas Kirchberger, a veteran forex trader who once worked for Deutche Bank, one of the biggest investment banks in Europe.What is Forex Killer and how does it work?Forex Killer is an automatic forex trading software for the individual user. What the software does is 2 things: * It helps you to trade better, catching signals quickly, and making better trading decisions * It can trade for you automatically without you needing to be in front of the computerThe biggest question is whether or not Forex Killer is a scam or not. Does Andreas Kirchberger know what he's talking about?If you take a look at the bank statements that Andreas Kirchberger shows on his website it's obvious that this guy knows what he's talking about. I mean, he's rich himself so it's obvious he knows how to trade. This doesn't mean that Forex Killer will work for you, only that the person who created it knows his business.As t... More About: Forex , Real , Scam
Forex Vs Stocks
2008-03-23 07:08:00 In this article you'll learn the biggest differences between the stock market and Forex .1 - Leverage: On stocks, the leverage is usually 2:1 which means that if you have $2.000 in your trading account, you can buy up to $4.000 of a stock. If your account has more than $25.000 it can be considered as a day trader account and in this case, your maximum leverage might be as big as 4:1 for day trading only. On Forex, the maximum leverage is usually up to 200:1. This means that with $2.000 in your Forex account you can purchase up to $400.000 of your favorite currency pair. Some brokers offer even higher leverages that go up to 400:1!2 - Variety: On the US stock market alone there are over 10.000 stocks. This means you have a lot of opportunities to trade but also a lot of complexity in order to find which stock you're supposed to trade. On the Forex market, there are only 4 major currency pairs: EUR/USD, GBP/USD, USD/JPY and USD/CHF.3 - Commission fees: On stocks you usually pay a com... More About: Stocks
Easy Forex Trading - Is Forex Trading Really THAT Easy?
2008-03-23 07:07:00 A quick search online will turn up many websites claiming that you can make easy money in Forex trading. But while profiting from the currency market is certainly a reality for a number of traders, chances are that the path that these traders took was a tough one.Many people all over the world are looking for a quick, simple answer to profitable Forex trading. But as tempting as that sounds, the fact is that there isn't one. However, there's one simple rule that you can't go wrong with.The Simple Rule: Damage ControlThis is the real key to profitable trading. Unfortunately, this is not what most people who are looking for a 'quick fix' like to hear. Damage control is neither sexy nor exciting, and this turns off many of them. These traders are looking to make a fortune overnight, and unfortunately they often do the opposite - wipe out their trading accounts.How Winning Traders TradeWinning traders will focus on both the winning and losing probabilities of each trade. To them, t... More About: Trading , Forex Trading , Easy
How To Trade Forex
2008-03-23 07:05:00 Before you start trading Forex you must learn how to do it successfully. The Forex market is one of the most difficult markets in the world, so you must be a good and skillful trader in order to make money.The first thing you must do is to read everything you can about Forex. Make some searches on your favorite search engine and read ebooks, forums and articles. In order to learn how to make money in Forex, you don't have to buy expensive courses or books. You can and should read all the free resources that you can.In a second step, you can open a demo account on a Forex broker. Most brokers offer you free demo accounts. Use this offer to your advantage. Practice your trading strategy and keep learning about the market's behavior and how to trade Forex.This is probably the most important thing in Forex. It allows you to gain experience and improve your trading without risking any money.When you feel you already know some things about Forex but need some professional edge, then you... More About: Trade
Automated Forex Trading Software - Is It Dangerous?
2008-03-23 07:04:00 Have you ever heard the expression 'Guns don't kill people, I kill people'? What this is really saying is that guns themselves aren't dangerous but people are. A gun is just an object, but in the wrong hands it becomes a dangerous weapon. This may sound drastic but it is a good analogy for automated Forex trading software. The software itself is beneficial, but in the hands of someone who is unwise, it can be trouble.What do I mean by that? To answer that question it's best to get an understanding of what the auto pilot trading software actually does...What Does Automated Forex Software Do?Some software creators will try to tell you that the best approach is to have software that does EVERYTHING for you. This approach isn't very good because you are oblivious to trades you might be making. While most trades will be profitable you have little control over what your money is doing and when.A better system to automate your trading efforts is to grab some software that will tell y... More About: Trading , Forex Trading
Automated Forex Trading - Can It Work For You?
2008-03-23 07:03:00 Trading the foreign exchange (Forex ) market, it's a dream and reality for so many people. It can be a difficult nut to crack as well. Many, like me in my early days, are simply to scared to take the plunge while others just don't want to risk their hard earned money. I can relate to both of those reasons and they are both completely justified. However, there are ways to keep costs low and risk minimal and that is by using automated forex trading software.What is Automated Forex Trading ?First off, there is no real way to trade Forex on complete auto pilot. It is always going to involve some work on your part and this is probably a good idea. After all, you wouldn't hand over your hard earned money to a plumber before your toilet was fixed. You can however automate the most difficult process in the whole act of Forex trading and that is deciding when to buy and sell.There are several software packages out there that will do all of the analyzing for you and tell you exactly when to ... More About: Trading , Work
Participants In The Forex Market
2008-03-23 07:02:00 There are four classes of participants in the forex market. Those classes are outlined below.Governments and central banks. The largest and most influential participants in the forex market are governments and central banks. Central banks are typically either a part of the government or are a quasi-governmental institution -- meaning they are partially private, while still subject to a greater degree of scrutiny and regulation than fully private entities. The Federal Reserve, the central bank of the United States, is one such example of a quasi-governmental institution, as it sets policy on its own, but its head is appointed by the President of the United States.Governments and central banks are the starting point of money; they are responsible for printing currency, and are in charge of regulating its supply. Their ability to control the supply of money gives them immense influence over the value of currency.Banks. Banks constitute the next most influential group of participants in... More About: Market , Forex
Forex Incredible System - Day Trading And Your Money
2008-03-23 07:01:00 Forex day trading is a incredible system to lose money as we will explain later, but you need some currency basics and we are going to give you some tips you must follow and some mistakes you must avoid to get the long term profits.We are going to begin with some errors you must avoid: 1. Day trading does not work. Volatility in the short term is random. We have never seen a day trader with a successful track record in the long term. 2. Predicting is not effective. The reality is price change. Predicting is like the horoscope. Nobody knows the future. 3. Markets do not move to a scientific formula. This is a game of odds. You must know and trade the odds if you want to make money here. 4. Stay away if you cannot afford to lose. Forex trading is risky. 5. You must know how Forex day trading works and follow the currency trading system with discipline. 6. Journalists are normally dead wrong about major market changes. 7. The theory of buying low and selling high does not... More About: System , Money , Forex , Trading , Forex Trading
Universal Currency Exchange Training
2008-03-23 07:00:00 Universal currency exchange is an important investment these days. We can be making money in a short time span with currency trading. Universal currency exchange is really good for the financial health of the world, but we must be very wise when we need to choose a Forex broker. Money is not easy with Forex but in the long run you can succeed with the right resources. Here we are going to talk about technical analysis using Foex and its importance as part of any Forex training.We use the technical analysis to get the price action using indicators and charts. But most indicators do not perform very well in the volatile conditions of currency exchange markets. There is too much ups and downs of the Forex market. You must use indicators when the market has low volatility and on a larger time frame. This is the reason why many of us stay away from these kinds of markets, but we must know that volatility is good if you are trading the right way. You must know that Forex is the most volat... More About: Currency Trading , Training , Currency , Exchange , Universal
The Forex Assassin Review - Legit Automated Forex Trading Systems, Or Scam?
2008-03-23 06:58:00 How does The Forex Assassin system work, and is it really a good system? Having experimented with many currency trading strategies ranging from swing trading to intraday, I have found that there are not a lot of Forex systems that make money unless you can spend a lot of time in front of your computer screen every day. The right system for you must match your lifestyle; otherwise what is working for a professional trader may not necessarily be profitable for you.Other than trading systems, there have recently been more robots being introduced into the market. These robots take a trading formula and find all your profit and stop loss points for you automatically, as long as you leave it running. Even with automatic robots, you still need to watch what they are doing every day to ensure that they remain profitable, because market conditions are always changing every day.Which Trading System Should You Use?Many Forex trading systems promise to make you many pips a day, and many of them... More About: Review , Forex Trading , Systems
The best commodities to buy in 2008
2008-02-25 14:42:00 Investors in raw materials have enjoyed a sensational start to the year. Helped along by geopolitical tension and the weak dollar, which makes greenback-denominated commodities cheaper for non-US investors, oil last week eclipsed the $100 mark and gold burst through its 1980 peak of $850 an ounce; it has now reached $880. Platinum, soybeans, heating oil and palm oil also hit records. Expect the commodity cycle to continueThe upswing of the past few years is set to continue for years. As Jim Rogers puts it, we have three billion people in Asia ?who were not in the game? during the last boom; they want Western living standards. Industrialising economies already consume 55% of the world?s commodities, says Ian Henderson of JP Morgan Asset Management?s Natural Resources fund, while Evy Hambro of Blackrock?s World Mining fund said last year that Brazil, India, China and Russia would collectively need more oil, aluminium and copper than the entire planet used in 2006. Supply has been lagg... More About: Commodities , Commodity Exchange , 2008
Oil price: it's all about the supply
2008-02-25 14:37:00 People are amazed by numbers. Benchmarks and records can have huge psychological effects on the way people view a problem. So why are people so slow to react to this new milestone?Oil has finally reached $100 per barrel, yet few people on the distant end of oil supply lines are aware of how fast the status quo can change. The status quo tells us to expect more oil when we want it. That market forces always bring ample oil supplies to market. That oil producers will always accept a fixed amount of paper money in exchange for concentrated liquid energy.But the status quo view of the oil market has been wrong for years. Many still use speculation and geopolitics, rather than supply and demand, to explain rising prices. These pundits never question whether the exchange of paper money for black gold is sustainable. In the old days, when oil prices rose, big exporters like the Saudis recycled most of their oil money into the U.S. bond market, giving rise to the term ?petrodollars.? But th... More About: Price , Commodity Exchange
Are we heading for Peak Coal?
2008-02-25 14:35:00 Peak oil, yes; but peak coal? India's Tata Power recently acquired 30% stakes in Indonesia's two largest coal mines, securing 20 million tons of coal to fuel its 750 kilowatt project on India's west coast. This is a shrewd and opportune move.There's a sustained and tightening squeeze on global supplies of the 'thermal' coal needed to power the world's coal-fired power stations, just as Asia (except Japan) embarks on a massive expansion of planned generating capacity based on coal, despite rising concerns about carbon pollution. The technology that needs to be deployed to separate and store the pollutants from coal burning is still at least five years away.Meanwhile, disastrously polluted China brings a new coal-fired station on stream every week to help 'keep the lights on' and power its frantic industrial growth. The Chinese plan to triple generating capacity to 500 gigawatts by 2030. India is driving to triple its generating capacity by 2010. South Korea is adding 7.3 gig... More About: Coal , Peak , Commodity Exchange , Heading
How to profit from rising soft commodities prices
2008-02-25 14:34:00 Times are tough in Japan. Not only do its residents have to put up with regular doses of bad economic data and a stock market that ? unjustly ? has spent the year so far in freefall, but now the prices of most of their favourite foods are soaring too.I mentioned the shock rise in mayonnaise prices across Japan in this column last year (the Japanese appear to find that the taste of most things can be improved with a dollop), but this is nothing compared with what?s going on with the price of milk.This has doubled in the past year, emptying the wallets of cheese lovers across the country and most recently causing popular fast-food chain Cheesecake Factory, caught between fast-rising input prices and static sales prices, to shut its doors for good.Of course, it isn?t just in Japan where milk prices are on the up. And it isn?t just milk prices that are rising. Wheat prices leapt about 150% last year (to a level described as the ?agricultural equivalent of $100 oil?) while rice prices cl... More About: Commodities , Profit , Soft , Commodity Exchange , Prices
Go for gold, but get cautious on oil
2008-02-25 14:30:00 ?Dynamics have begun to change inexorably towards a diminishing supply of gold and increasing investment demand.? So said David Davis, Analyst at Credit Suisse Standard Securities.It has also been said that we are very close to a point where the total of private investor holdings of gold bullion will exceed the total amount held by central banks.At fullCircle we are wrestling with the big question. We expect there to be three stages to this primary bull market for gold. The first stage from 2001 ended in 2005 when the second stage started at an accelerated rate. The possibility is that in August last year the third stage commenced. If that is so, then it will all get very fast and furious and we would expect, as a minimum, for the gold price to double in a relatively short time. If you look at the published chart from January 2003, you will see the latest accelerated trend for gold bullion. If it is at that third stage, then that trend should sustain and as time goes by, even accele... More About: Gold , Commodity Exchange
Cotton: the commodity to watch in 2008
2008-02-25 14:28:00 Already a month into the new year, traders begin trying to figure out what trades will be the big winners in the as 2008 rolls on. Now, it?s not exactly breaking news that agriculture markets have basically been on fire for the last couple of years. Corn has skyrocketed on the back of huge ethanol demand, and soybeans, for that matter, have too.A significant side-effect of the biofuels boomWheat exploded this year on poor global crops and much higher demand. So is the big bull run for grains over? No, it?s actually just getting started. While I think wheat, soybeans and corn will continue to do very well, another crop may do even better in 2008 ? cotton.The longer-term effect of all the extra corn and wheat planting in the South could be a cotton shortage and much higher prices.The general consensus is that many farmers are switching out of less profitable crops like cotton and rice and moving into the lucrative corn and wheat market, which has benefited from the ethanol boom.Accord... More About: Watch , Cotton , Commodity , Commodity Exchange
Never mind gold - invest in record-breaking coal
2008-02-25 14:25:00 Over the last week, the price of coal has soared to a new record.Thermal coal prices jumped to $116.44 a tonne at Australia's Newcastle port, which is the benchmark coal price for Asia. This represents a staggering rise of $23.09 in just a week. That?s a staggering increase of 25%...!Not only is demand very high, but the supply chain is in trouble. China?s chilly winter is playing havoc with transport and electricity shortages mean mine output is being hit. The country has therefore declared that it will not export any coal in February and March?This has combined with the electricity shortage in South Africa? something that I believe will not be sorted anytime soon. Indeed, the South African power group Eskom have already failed to deliver on their promises.The company said that it would be able to meet 90% of the power needs for miners. However, it said at the end of last week that generating plant breakdowns meant it could supply only 80% of their needs.It?ll take years to sort o... More About: Gold , Mind , Coal , Invest , Record
Resource-rich Brazil has plenty to offer investors
2008-02-25 14:23:00 Several years ago investment bank Morgan Stanley came up with the original idea that four big countries ? Brazil , Russia, India and China ? would together soon become so important in the world economy that they could be viewed as a single group, much as we think of Europe or Latin America.They dubbed the group BRIC, after the first letters of their names, saying that their combined economies, from being just 15 per cent the size of the world?s six most advanced countries? ? including the US and Japan -- would grow to become even larger than them in combination in fewer than 40 years.The obvious conclusion was that long-term investors should focus on the BRICs.As I live in Asia, I have tended to write a lot about China, India and the regional economies linked to theirs. But there is obviously a case for some balancing investment in the two other BRICs, whose circumstances are very different.The clearest difference is that ?Chindia? is developing a gargantuan appetite for natural reso... More About: Rich , Resource , Investors , Plenty
The most recession-proof asset class
2008-02-25 14:20:00 Danish farmers, hedge-fund managers and investment bankers ?all want a piece of the rich soil of England?, says James Rossiter in The Times. The result is a boom in the price of farmland, which rose by a record 27.9% in the second half of 2007 and is up 56% since the end of 2004.According to the Royal Institution of Chartered Surveyors (RICS), arable land hit a record average price of £10,949 per hectare in the second half. It?s the first time the £10,000 level has been breached in the 13-year history of the survey. As a RICS spokeswoman observed: ?Rising commodity prices have resulted in a bit of a feeding frenzy for farmland.? Higher food prices are encouraging existing farms to expand production and British farmers ?surged back into the land market last year?, rivalling Irish and Danish buyers, ?for whom land in Britain is cheap?, says Charles Clover in The Daily Telegraph. Adding to the boom has been demand from ?City slickers who buy up swathes of countryside?, says Daniel Thom... More About: Proof , Class , Recession , Asset , Commodity Exchange
A new record for black gold
More articles from this author:2008-02-25 14:19:00 Oil is back on the boil. US futures closed above the $100 a barrel mark for the first time this week, homing in on the inflation-adjusted 1980 record of almost $103.A series of supply problems have rattled the tight market, including a pipeline leak in Nigeria, where violence has already shut a fifth of the country?s oil facilities. Short covering by bearish traders helped boost prices, while investors unnerved by turmoil in bond and equity markets have been piling into commodities of late, a trend buttressed by the weak dollar. Moreover, Opec has signalled that production will not be raised at its next meeting in March. Opec?s view that demand will soften has actually ?stoked bullish expectations?, said Lex on FT.com, as investors are assuming Opec could therefore cut production quotas. (Article continues below)AdvertisementMIDAD North Sea Oil bannerConsumption is expected to ease this year, according to both the International Energy Agency and the US Energy Department, which is a... More About: Gold , New Record , Black , Record , Commodity Exchange 1, 2, 3, 4, 5 |



