Bank of Japan kept the interest rate steady

Note: This section contains information in English only.
Source: Forexpros

The Bank of Japan left its benchmark interest rate steady as it was widely expected and decreased its growth forecast. The interest rate remained between zero and 0.5%. The budget for exchange traded funds and corporate bonds purchases was also left unchanged at JPY20 trillion. After the data release, the Japanese Yen appreciated against the USD with pair USD/JPY currently trading at 77.75, 0.18% down.

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Wed, 21 Dec 2011 17:08:14 GMT

Global LNG demand to jump after nuclear crisis

The recent nuclear crisis in Japan increased the world's demand of LNG to 248.5 million metric tons. The demand is likely to exceed the commodity supply by 75 million mt over the next three years, reported Global LNG Market Short and Long Term Outlook. The LNG market is likely to achieve balance by 2020 but the lack of investment flow into the industry and shortage

Wed, 21 Dec 2011 17:07:49 GMT

Gold is likely to be bearish next year

The three year trend for gold indicates upward movement; however, the recent price decrease of the yellow metal below its 200-day average for the first time since 2008 signals on probable ongoing fall of the commodity price. The market sentiment for gold may become bearish next year. Currently, the gold futures trading at USD1610.85 an ounce.

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