Barclays Capital
Barclays Capital
Barclays Investment Bankis the investment banking division of the British multinational Barclays bank headquartered in London. It provides advisory, financing and risk management services to large companies, institutions and government clients. It is a primary dealer in U.S. Treasury securities and various European Government bonds...
economy encourage market optimistic outcome pivotal prior strong today view
U.S. payrolls are much more pivotal today than in prior months. A strong outcome would encourage the market in its increasingly optimistic view of the US economy and hawkish view of the Fed.
dispute higher leaves open prices risk short solution
The possibility for a non-benign solution to the dispute leaves open the risk for higher prices in the short term.
activity asian bank based buying central concerns continue dominate economic fund hopes interest physical price soaring
Speculative activity will continue to dominate price movements, with fund interest based on justifications such as economic slowdown, inflationary concerns and hopes of Asian central bank buying and soaring physical demand.
asian bank central continuing economic fears fund further hopes interest justified large remains room upside
There remains room for further upside this year, with fund interest continuing to be justified on...inflationary concerns, fears of economic slowdown, hopes of large Asian central bank buying.
capacity crude lacks oil refine short spare
Crude oil was the one thing not in short supply. What the U.S. lacks is oil products, especially gasoline, and it lacks the spare capacity to refine more crude.
allied commodity continue continued desire equity fixed growing income investors likely performance strong strongly
The continued strong performance of commodity investments, allied to the desire of many institutional investors to diversify their equity and fixed income exposures, suggests that commodity investments are likely to continue growing strongly in 2006.
absence both close created driver key limits oil run slack
The oil system, both upstream and downstream, is being run close to sustainable limits and the tensions created by the absence of slack are now the key driver of prices.
broader charts closely correction further market near phase signs subject technical term towards trend weakness
The market could be subject to further weakness in the near term towards $535. The technical charts will be closely monitored in this correction phase for any signs of a broader trend reversal.
damage energy gas hurricane natural recent
Recent hurricane damage in the U.S. has impacted natural gas more than any other energy market.
april gold level lower next push ratio target
Indeed, another push lower in the gold-to-silver ratio is still possible, with the next target level around the April 2004 low of 51.
appear deeply next problems rooted solving start unlikely whatever
Italy's problems appear so deeply rooted that the next government, whatever its complexion, is unlikely to do little more than make a start at solving them.
benchmark bonds buy create few objective operation seems smaller time
The objective of the operation seems to be to create a few large-sized benchmark bonds and over time buy back the smaller issues.
conditions general market nervous next price remain
Market conditions will remain nervous and there is a general sense of uncertainty over the next big price move.
cautionary clear conflict high length major microscope move side
Under the microscope it is clear that an important watershed is approaching. The short-term downtrend is about to come into conflict with the medium-term uptrend. Typically we would side with the longer-term move but the length of the downtrend from the high is a major cautionary note.