Securities and Exchange Commission (SEC) conducts investigations in relation to hedge funds, suspecting them of conspiracy and activities against a number of large companies, according to Wall Street Journal.
Oil is cheaper on Monday after a significant jump in prices on the results of previous auctions, reports Bloomberg.
The price of July futures for Brent oil on the London Stock Exchange to 8:40 MSK fell 0.66% to $ 62.89 per barrel. By the close of the market on Friday, futures price rose by 2.06% to $ 63.31 per barrel.
Falling oil prices can be a double-edged sword. On the one hand, it should be useful for the emerging economies of India and China, who are actively buying hydrocarbons, on the other hand, it could trigger a crisis in countries dependent on oil exports.
Hedge funds accumulate gold; their net long positions reached levels not seen for the last 2 years.
Those who wanted to make just few bucks yesterday definitely made a fortune! Yesterday I warned that gold has a spontaneous volatility under the crowd’s influence. However, in such moments gold reveals its nature: it can both give an opportunity to make money or take everything away.
The gold under the crowd’s influence started the long-term decreasing down to 1,230. This situation is common for a flat market. Investors with large objectives no remain in neutral position and do not touch the market before the release of another slap from USD.
Last week the Boston Brokerage Group analysts were working on the accurate forecast for Friday's disclosure of the data on employment in the United States. When the methods of statistics data calculation had changed in the USA it became more difficult to conduct an objective analysis, as the economic recovery announced in the US has a significant number of reservations and inconsistencies.