German economic data is poor, NYMEX crude oil closed lower on May 14

Germany's economic performance in May was almost flat with April's, falling short of market expectations, showing good economic momentum or signs of slowing since the start of the second quarter, the Fed said it wanted to cut asset purchases as soon as possible in its next interest rate decision, the outlook for crude oil demand fell, and the dollar strengthened and oil prices fellNYMEX June crude futures fell $0.96, or 1.01 percent, to $94.21 a barrelpij
Tuesday (May 14) trend description:PijGermany's may-in-country economic performance in May was almost flat with April, short of market expectations, showing good economic momentum or signs of slowing since the start of the second quarter, the Federal Reserve Prosso expressed the hope of reducing asset purchases as soon as possible in the next interest rate decision, the outlook for crude oil demand fell, while the dollar strengthened and oil prices fellpij
The daily K-line chart shows that NYMEX crude oil futures closed at a small negative line with a lower shadow lineCrude oil prices strengthened in early Asian trading and ended lowerCrude oil prices continued to fall in early European and U.Stradingpij
NYMEX June crude futures hit a high of $95.66 a barrel, falling as low as $93.85 a barrel, or 0.96 cents, or 1.01 percent, to $94.21 a barrelpij
Fundamentals:PijA report released Tuesday by the New York Federal Reserve Bank said U.S homeowners cut their debt slashed in the first three months of 2013 Total debt fell 1 percent from the previous quarter to $11.23 trillion, the New York Fed reported Tuesday Total debt was significantly lower than the debt peak of $12.68 trillion in the third quarter of 2008 2008 was the worst of the financial crisis pij
Fundamentals: Pij 1 Charles Plosser, chairman of the Philadelphia Fed, said Tuesday that he expects the Federal Reserve to cut back on asset purchases as soon as possible in its next interest rate decision "The labour market situation allows the Fed to withdraw from the asset-buying program in its next interest rate decision," Mr Proso said Pij 2 The Italian government should take bold steps to seek international financial assistance to complete long-term reforms of the country's banking and economic sectors, though such an approach may not be popular with the public, lorenzo Bini Smaghi, a former member of the European Central Bank's executive committee, said on Monday pij
3 The euro zone's industrial output rose at a better-than-expected pace in March, according to Eurostat data on Tuesday, with output of major products unexpectedly doing well, suggesting there was still room for manoeuvre in the euro zone economy in the first quarter The data showed that the euro zone's monthly rate of industrial output rose 1.0 per cent in March, with an expected rise of 0.4 per cent, while the annual rate fell by 1.7 per cent and is expected to fall by 2.2 per cent pij
Germany's economic performance in May was almost flat in April, falling short of market expectations, according to data released on Tuesday by the German Institute for European Economic Research (ZEW), indicating that the country's good economic momentum may have slowed since the start of the second quarter Germany's ZEW economic sentiment index rose 0.1 to 36.4 in May, compared with an expected 38.3, while the economic status index fell 0.3 to 8.9 in May, compared with 10.0 pij
Data released tuesday by the Federal Statistical Office showed that Germany's wholesale price index fell 0.2 percent in April, the same decline as the previous month Germany's wholesale price index for April (based on 2005) was 123.2, from 123.5 the previous month to 123.7 in April last year pij
Technical surface pattern analysis: pij day K line chart shows that NYMEX June crude oil futures closed with a small negative line with the lower shadow line Oil prices are below the 5-average, macD indicator red kinetic column expands, KDJ indicator is down pij
Future outlook: "Oil prices fell on Monday, with US petrol sales falling to near four-year lows despite lower-than-expected retail sales," analysts at Pij ANZ said That's a bad thing for crude oil -- because better-than-expected U.S retail sales tend to push up the dollar Pij Germany's economic performance in May was almost flat from April, falling short of market expectations, showing good economic momentum or signs of slowing since the start of the second quarter, with the Fed expressing a desire to cut asset purchases as soon as possible in its next interest rate decision, lower crude oil demand prospects, and a stronger dollar and lower oil prices NYMEX June crude futures fell $0.96, or 1.01 percent, to $94.21 a barrel pij
Tuesday (May 14) trend description: Pij Germany's may-in-country economic performance in May was almost flat with April, short of market expectations, showing good economic momentum or signs of slowing since the start of the second quarter, the Federal Reserve Prosso expressed the hope of reducing asset purchases as soon as possible in the next interest rate decision, the outlook for crude oil demand fell, while the dollar strengthened and oil prices fell pij
The daily K-line chart shows that NYMEX crude oil futures closed at a small negative line with a lower shadow line Crude oil prices strengthened in early Asian trading and ended lower Crude oil prices continued to fall in early European and U.S trading pij
NYMEX June crude futures hit a high of $95.66 a barrel, falling as low as $93.85 a barrel, or 0.96 cents, or 1.01 percent, to $94.21 a barrel pij
Fundamentals: Pij A report released Tuesday by the New York Federal Reserve Bank said U.S homeowners cut their debt slashed in the first three months of 2013 Total debt fell 1 percent from the previous quarter to $11.23 trillion, the New York Fed reported Tuesday Total debt was significantly lower than the debt peak of $12.68 trillion in the third quarter of 2008 2008 was the worst of the financial crisis pij
Fundamentals: Pij 1 Charles Plosser, chairman of the Philadelphia Fed, said Tuesday that he expects the Federal Reserve to cut back on asset purchases as soon as possible in its next interest rate decision "The labour market situation allows the Fed to withdraw from the asset-buying program in its next interest rate decision," Mr Proso said Pij 2 The Italian government should take bold steps to seek international financial assistance to complete long-term reforms of the country's banking and economic sectors, though such an approach may not be popular with the public, lorenzo Bini Smaghi, a former member of the European Central Bank's executive committee, said on Monday pij
3 The euro zone's industrial output rose at a better-than-expected pace in March, according to Eurostat data on Tuesday, with output of major products unexpectedly doing well, suggesting there was still room for manoeuvre in the euro zone economy in the first quarter The data showed that the euro zone's monthly rate of industrial output rose 1.0 per cent in March, with an expected rise of 0.4 per cent, while the annual rate fell by 1.7 per cent and is expected to fall by 2.2 per cent pij
Germany's economic performance in May was almost flat in April, falling short of market expectations, according to data released on Tuesday by the German Institute for European Economic Research (ZEW), indicating that the country's good economic momentum may have slowed since the start of the second quarter Germany's ZEW economic sentiment index rose 0.1 to 36.4 in May, compared with an expected 38.3, while the economic status index fell 0.3 to 8.9 in May, compared with 10.0 pij
Data released tuesday by the Federal Statistical Office showed that Germany's wholesale price index fell 0.2 percent in April, the same decline as the previous month Germany's wholesale price index for April (based on 2005) was 123.2, from 123.5 the previous month to 123.7 in April last year pij
Technical surface pattern analysis: pij day K line chart shows that NYMEX June crude oil futures closed with a small negative line with the lower shadow line Oil prices are below the 5-average, macD indicator red kinetic column expands, KDJ indicator is down pij
Future outlook: "Oil prices fell on Monday, with US petrol sales falling to near four-year lows despite lower-than-expected retail sales," analysts at Pij ANZ said That's a bad thing for crude oil -- because better-than-expected U.S retail sales tend to push up the dollar "
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