Buy Commodities, and Oil in Particular

Monday, November 23rd, 2009

Jun 7th, 2008 | By Frank Hemsley | Category: Oil Investment & Alternative Energy

All eyes on Central Banks

Traders will be Fed-watching again tomorrow. That’s when the minutes from the FOMC meeting last month will be released. Each time the minutes are released, they are gone over with a fine-toothed comb as traders look for any kind of indication for the next meeting… and where rates could be heading. This is key data for traders of stocks, currencies and commodities…

What else is there to look out for? Well, the other reports that will get some attention are the import and export prices for March. With inflation being the second biggest concern behind economic growth, these two reports will give us a little look ahead to next week’s PPI and CPI numbers.

The weekly US jobless claims report will get more attention than usual this week after last week’s report spiked to the highest level in three years.

And here in the UK? Well the big one to watch is how the Bank of England acts in their latest rate decision at midday on Thursday. Will they cut by 25 basis points as most of the pundits believe they will? Or leave it on hold? We’ll need to wait and see. It could be a market mover if it’s anything too drastic.

That’s all for today.

Best regards,

Frank Hemsley
Profit Watch

Source: Buy Commodities, and Oil in Particular

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About the Author

Frank Hemsley has edited the world renowned Fleet Street Letter, Red Hot Penny Shares and The Zurich Club Communiqué. Frank's ability to see the wider, macro-economic picture gives him an uncanny sixth sense in pinning down the next big prevailing money-making trend.

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Fleet Street Daily

The financial markets are currently going through their most turbulent period in years. The credit crunch continues to bite… the dollar is collapsing (and taking the pound down with it)… and a UK recession seems an inevitability. Commodities prices are going haywire… Asia's on the rise... there's a lot for investors to keep on top of! And it's changing every day! That's where the Fleet Street Daily comes in. A brand new, 100% FREE service that keeps you plugged into the financial stories that really matter.

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