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Soros Moves Away From Commodities, Weakening Yen A Concern

By Binary Options StrategyCommoditiesMay 20, 2013 05:55AM ET
www.investing.com/analysis/soros-moves-away-from-commodities,-weakening-yen-a-concern-167629
Soros Moves Away From Commodities, Weakening Yen A Concern
By Binary Options Strategy   |  May 20, 2013 05:55AM ET
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Asian stocks had a strong rally in the overnight session with Japanese stocks reaching 5 year highs pushed by strong consumer sentiment numbers from out of the US. Investors took risk on positions moving away from gold and silver and into the stocks markets.

The Japanese economic Minister Akira Amari last night commented that a further weakening in the yen could be detrimental to the Japanese people and also to the ability of the government to be able to handle it. Although this left the markets relatively untouched as Japanese stocks particularly utilities performed suberbly with the Nikkei passing the 15,000 target and reaching points not seen since 2008.

US consumer sentiment data also fueled US stocks to close on fresh highs on Friday.

Stocks
The Nikkei 225 in Japan moved up 1.38per cent and the Japanese Topix Index gained 1.4 per cent, which marks a 48 per cent gain since the same time last year making this is the biggest mover of all indexes so far this year. The weakening of the South Korean currency, the Won, helped the Kospi index there gain 0.20 per cent, even with further tensions between north and south and the North’s missile testing this weekend. The Shanghai Composite in China reached seven month highs last week and continues to increase, boosted by Chinese home price data with the price of homes gaining in 68 out of the 70 recorded cities this month.

Forex
The dollar traded lower in the Asian session, with the USD/JPY declining 0.45 per cent following remarks of Japanese Minister, the AUD/USD gaining 0.33 per cent after Goldman Sachs suggesting the AUD will continue to fall against the greenback. The EUR made slight gains yet stays at near 2 month lows against the greenback .

Commodities
The better than expected data from the US last week weighed heavily on the commodities and specifically the precious metals. Gold lost 1.64 per cent to trade at 1342.15 and Silver freefell by 4.86 per cent. George Soros we are told has moved away from his positions in precious metals. Natural Gas was up again by 1.55 per cent while Crude Oil dropped 0.26 per cent .

What to watch today:
Data Releases from the UK on private sector house price inflation with expected strong numbers should push up the GBP against the dollar. You can expect the continued low volume and downtrend in the commodities as risk on sentiment continue with investors moving to the stocks. Canada, Norway and Switzerland are closed today for public holidays.
Soros Moves Away From Commodities, Weakening Yen A Concern
 

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Soros Moves Away From Commodities, Weakening Yen A Concern

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bela kmorueyfhvnashfgrtanb g  smith
bela kmorueyfhvnashfgrtanb g smith May 20, 2013 9:47AM ET
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goldman crooks May 17, 2013 06:40PM GMT Feds Investigate Natural Gas Price-Fixing Allegations Feb 16th, 2013 | By fjgallagher | Category: Lead Articles, Regulation Advertise Here Federal regulators are investigating irregular price swings in the natural gas markets, according to a story published in the Wall Street Journal recently. Image credit: ***.123rf**** Federal regulators are looking into volatile price swings in the natural gas commodities market that occurred during the past 12 months in connection with the release of weekly natural gas inventory information, according to an article published in The Wall Street Journal this morning. Ed. note: If you enjoy the content you get here at NaturalGasWatch.org, please take a moment to click on one of the advertisements you’ll find on the right side of the page. Your support will help us keep this site up and running. Thanks, Fj. Investigators at the federal Commodity Futures Trading Commission, which regulates the Wall Street commodities trading, detected “suspicious trading strategies around the reports by the U.S. Energy Information Administration,” the WSJ story reported. The EIA issues regular weekly reports on the country’s energy inventory, including a report that details the amount of natural gas that is held in storage. The EIA report is viewed as the most accurate gauge of short-term supply and demand. CFTC investigators believe that commodities traders armed with equipment that lets them execute transactions at extraordinarily high speeds use the capability to create artificial price swings by flooding the market with transactions in the moments before the EIA report is released. From The Wall Street Journal story: The CFTC has found that a large proportion of trading volume around the data is being conducted by high-frequency firms, according to people familiar with the matter. One person said that many commercial traders, a category that includes energy producers and consumers, typically avoid trading immediately before and after the data to avoid the swings. The EIA publishes a report at 10:30 a.m. EST each week, almost always on Thursdays, that provides an update on the amount of natural gas added or removed from U.S. stockpiles. The figure is widely considered the best gauge of gas supply and demand in the U.S., and typically results in the week’s busiest trading window. Traders have pointed to unusual trading patterns as recently as last week. In the minute before the EIA report was released on Feb. 7, volume in natural-gas futures traded on the New York Mercantile Exchange spiked to 1,954 contracts after trading well below 1,000 contracts for the majority of the morning. Reply Reply
bela kmorueyfhvnashfgrtanb g  smith
bela kmorueyfhvnashfgrtanb g smith May 20, 2013 7:03AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
goldman crooks May 17, 2013 06:40PM GMT Feds Investigate Natural Gas Price-Fixing Allegations Feb 16th, 2013 | By fjgallagher | Category: Lead Articles, Regulation Advertise Here Federal regulators are investigating irregular price swings in the natural gas markets, according to a story published in the Wall Street Journal recently. Image credit: ***.123rf**** Federal regulators are looking into volatile price swings in the natural gas commodities market that occurred during the past 12 months in connection with the release of weekly natural gas inventory information, according to an article published in The Wall Street Journal this morning. Ed. note: If you enjoy the content you get here at NaturalGasWatch.org, please take a moment to click on one of the advertisements you’ll find on the right side of the page. Your support will help us keep this site up and running. Thanks, Fj. Investigators at the federal Commodity Futures Trading Commission, which regulates the Wall Street commodities trading, detected “suspicious trading strategies around the reports by the U.S. Energy Information Administration,” the WSJ story reported. The EIA issues regular weekly reports on the country’s energy inventory, including a report that details the amount of natural gas that is held in storage. The EIA report is viewed as the most accurate gauge of short-term supply and demand. CFTC investigators believe that commodities traders armed with equipment that lets them execute transactions at extraordinarily high speeds use the capability to create artificial price swings by flooding the market with transactions in the moments before the EIA report is released. From The Wall Street Journal story: The CFTC has found that a large proportion of trading volume around the data is being conducted by high-frequency firms, according to people familiar with the matter. One person said that many commercial traders, a category that includes energy producers and consumers, typically avoid trading immediately before and after the data to avoid the swings. The EIA publishes a report at 10:30 a.m. EST each week, almost always on Thursdays, that provides an update on the amount of natural gas added or removed from U.S. stockpiles. The figure is widely considered the best gauge of gas supply and demand in the U.S., and typically results in the week’s busiest trading window. Traders have pointed to unusual trading patterns as recently as last week. In the minute before the EIA report was released on Feb. 7, volume in natural-gas futures traded on the New York Mercantile Exchange spiked to 1,954 contracts after trading well below 1,000 contracts for the majority of the morning. Reply Reply
 
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