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...
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.
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.
crude dichotomy flush market products tight
The dichotomy in the US market between tight products and flush crude has become more pronounced.
appear continues environment favorable market overall
The market continues to appear well-supported and we see the overall macroeconomic and geopolitical environment as favorable for gold.
across among continues enthusiasm founded general interest market strong
This market continues to look very strong ... Enthusiasm among speculators is founded on its constructive fundamentals and general interest across commodities.
absent appetite asia continued credit fund likely loan market stability strength support synthetic
Absent new developments in credit, the continued synthetic demand, the hedge fund bid, strength in the leveraged loan market, stability in U.S. Treasuries, and credit appetite from Asia will likely continue to support the market overall.
correction despite further markets physical prices relatively steady suggest support threat worth
It is worth noting that prices are getting little support from the physical markets despite relatively steady prices of late, which suggest that threat of further correction remains.
beyond crisis energy hurricane impact katrina major markets produce pushed talk
It is now appropriate to talk of a major energy crisis after Hurricane Katrina pushed U.S. energy markets beyond the edge. The impact of Katrina has been to produce a significant discontinuity.
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.
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.