Industrial Might Hammers Pound
A second month of stronger-than-expected manufacturing results from the United
Kingdom hammered
British pound
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PowerRating) futures. The stronger statistics are seen as
decreasing the Bank of England’s capacity to lower interest rates. Higher
interest rates increase the demand for sterling-denominated assets.Â
February crude oil
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PowerRating)
from the
New 10-Day Highs List, is continuing its momentum run and trading on the top
of its range. This contract is working out on an Off The Blocks
entry, providing a limited-risk entry above the opening range for a move back up
to the psychologically critical $30 a barrel level.Â
From the Momentum-5
List,
unleaded gasoline
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PowerRating) is rallying for (essentially) its 11th
consecutive day.Â
March
silver
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PowerRating), rallied after stocks of Comex silver fell by 350,000
ounces.