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Tuesday 13th of January Market Report

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Tuesday 13th of January 2014 as of 10:00 CET

 

The main market movers remain Crude oil and Central Banks for the time being. We expect the interest rates to fall even further and at some point ECB will take action, most likely on the next meeting at next Thursday.

 

Crude oil traded below 45 USD per barrel today and looks extremely oversold at these levels. The bottom is always very difficult to call, but we do not think it will go below 30 USD per barrel. Even below 50 USD per barrel in the long run looks unlikely.

 

Euro has more potential downside and we could easily be looking at parity with the USD later this year if things turn really ugly in the Euro zone.

 

Asian markets closed mixed with Hong Kong Hang Seng Index up 0,79 %, Australia’s S&P/ASX 200 down 0,33% and Nikkei 225 down 0,64%.

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 Risk Warning:  

 

Any information in this report is based on data considered to be reliable, but no representations or guarantees are made by KBR Capital Partners AS with regard to the accuracy of the data. This information is provided on condition that we accept no responsibility, legal or other for its contents. We, including our directors, officers, employees or publishers, disclaim all liabilities. Any statement constitutes only current opinions, which are subject to change. Neither the information nor any opinion expressed shall be construed to be, or constitute an offer to sell or a solicitation of an offer to buy any investments mentioned herein. Prices can go down as well as up. There is a significant risk involved in derivatives trading, including the risk of loss greater than the original investment. Past performance is no guarantee of future results. Conditions can vary from client to client, and therefore influence performance. The opportunity for profit creates a corresponding risk of loss. Anyone wishing to invest in any of the products mentioned should seek their own financial or professional advice.

 

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