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Oil recovered ever so slightly, however it looks like two stories will dominate news. The ‘crisis in Dubai’ will grab headlines, as will the ‘Iranian nuclear story’. This was reflected in trading, with implied volatility on crude futures rising by 155 on Friday, the biggest jump in over a year. Libya’s top officials claim that [...]

Following last week’s surge to a 14 year high against the dollar, the Japanese government said on Monday that it would try to slow the yen’s rise, but they didn’t comment on how they would do this. The Japanese Democratic Party also agreed to work closer with the Bank of Japan. Summit talks between China [...]

Fears of a possible default from Dubai kept the ‘safehaven’ appeal of gold intact. The recent sell-off still hasn’t taken the shine off a remarkable run, which has seen a 12% rise in November – the biggest monthly gain in a year. Silver has bounced back nicely, having hit two-week lows of $17.66 last week. [...]

Asian Session: Dubai News Fades For now worries surrounding events in the UAE seem to have tapered off and markets have reengaged in risk correlated trades. Over the weekend, the AUE central bank stated that in order to boost liquidity it would offer liquidity to local and foreign banks. In addition, measures are expected if [...]