Secret of OPEC basket of crudes to Friday

 
Friday said OPEC and said that the standard price of its basket of crudes may record low of 107.08 dollars on the previous day to 106.99 dollars a barrel on Thursday.
It is known that the OPEC basket of 12 crude is a mix
 
deserts Algerian ore Angolan and Iranian crude and heavy Basra Light Iraqi export Kuwaiti Sidr Libyan and Bonny Light Nigerian maritime country and Arab Light Saudi Murban UAE and Mary Venezuelan and Orient from Ecuador.

New York Times: Egypt still attractive for investments oil companies

The newspaper "New York Times" U.S. report Thursday that despite the financial difficulties faced by Egypt in paying the bill oil and debt higher for international oil companies operating out van this companies are able to withstand high levels of debt are still attracted to investment in the oil sector Egyptian gas is likely to detect.
She said NH For example, British Petroleum Company decided last September to invest $ 11 billion in a gas project in Egypt, which is expected to produce, when completed, 40% of the total natural gas production in Egypt.
The company agreed Apache American Petroleum last February to spend billion dollars in the development of Egyptian hydrocarbons during the next two years.
The newspaper pointed out that due to growing domestic consumption in Egypt accelerated the trend in Egypt ended the use of its share of production locally instead of earning more revenue necessary export as the country moved from export to import over the past decade.

She explained that under the financial and economic conditions faced by new Egyptian government estimates indicate the government by between 6 to 7 billion dollars for the benefit of foreign companies for oil and natural gas produced by these companies and handed over to the company Egypt General Petroleum owned by the state.
The newspaper "New York Times" on its website, citing oil executives that the Ministry of Petroleum in negotiations to reach a new pay deals with those companies that are among the largest investors in the country.
In this regard, the company noted Dana English Petroleum which has a branch in Masraly it received 78% of this late Madionat by last April but still looking "different forms to schedule the remaining amount with Egyptian General Petroleum Corporation.

The newspaper pointed out that Dana like the other companies involved in oil exploration in Egypt, including the BP British and Italy's Eni and Spain's Repsol are with Egypt General Petroleum joint projects to explore oil and natural gas system of partnership between the state and the company.

She said most expenses, government recede in providing support to keep natural gas prices without market rates as it Egypt by cheaper fuel prices in the Middle East and therefore it is not surprising that the value of an invoice Egypt for support in order to maintain fuel prices have jumped to nearly 16 billion a year.

US Dollar Gains as Global Economic Fears Return to Focus

 US dollar is gaining ground as Forex traders look for safe haven amidst concerns about 

what’s next. Lackluster data from China and from the United States itself has
about what could be coming for the global economy. The result is that Forex traders are looking for a little more safety right now, and the greenback is benefitting.
Fears about the rate of global economic growth are once again coming to the fore. Concerns that China won’t be there to pull the world out of its economic doldrums are mounting. On top of that, even though the United States economy has been showing some small improvements, things are far from a growth rate that many prefer to see.
It’s not helping, either, that eurozone problems continue to dominate. Once again, there is disagreement between German Chancellor Angela Merkel and French President Francois Hollande about what should be done to ensure that the sovereign debt crisis doesn’t repeat itself. With a disagreement over when to implement the banking union for the eurozone, and with recession looming for the 17-nation currency region, it is little

 surprise that, once again, Forex traders are turning to the stability of the dollar.
At 12:26 GMT EUR/USD is down to 1.2912 from the open at 1.2978. GBP/USD is down to 1.6194 from the open at 1.6238. USD/JPY is down to 78.0085 from the open at 78.1600.
If you have any questions, comments or opinions regarding the US Dollar, feel free to post them using the commentary form below.

Franc, SNB & Euro-Peg: Can Swiss Central Bank Maintain Ceiling?

 The Swiss National Bank took an unprecedented step to weaken the franc as
 cap of 1.20 francs per euro back in September 6, 2011. The move followed

 unsuccessful attempts to devaluate the currency. The announcement immediately met criticism from skeptics who did not believe that such a ceiling is sustainable. Was the intervention successful and, what is even more important, can the central bank to maintain the euro-peg in the future?
The franc slumped after the introduction of the peg, yet it immediately started to rise. The appreciation was very slow, but steady. By the April, the Swissie was trading near the ceiling. In fact, the currency broke through the 1.20 level on April 5. Thomas Jordan, the Chairman of the Governing Board of the Swiss National Bank, explained the event:
Despite SNB offers placed in the trading systems, a few isolated transactions occurred below CHF 1.20 per euro. However, at no time did the best available euro exchange

market fall below the minimum exchange rate of CHF 1.20. Thus, for a short time
what is known as a segmented market could be observed, in which transactions below the best price were concluded. This situation was remedied within very few seconds, however, by means of arbitrage. 
Jordan explained that the central bank cannot control unregulated currency markets even

 though the SNB can trade and influence them through its counterparties, which consist of more than 100 banks. The Swiss central bank remained committed to maintain the cap and, indeed, the franc was not able to breach the ceiling since then.

US Dollar Classic Technical Report 09.25.2012

US DOLLAR INDEX: Prices re-testing the previously broken bottom of a rising 

channel set from the September 14 low (now at 9831). A break higher initially exposes the 38.2%Fibonacci retracement at 9857. Near-term support lines up at 9783, the 23.6% Fibonacci expansion, with a break below that targeting the 38.2% expansion at 9738.
Concerns about global economic growth are mounting, demand for safety rises and Forex market participants are still questioning the sustainability of the peg. Can the SNB keep the 
ceiling intact? As it usually happens, opinions are divided on this matter.

rising inflation, the ability of the Swiss economy to cope with a strong currency and a potential for the intervention to reach 100 percent of Switzerland’s gross domestic product. The deflationary pressure was one of the main reasons for the central bank to introduce the ceiling and as that danger of deflation subsides,

so the incentive for the bank to keep the peg. As for the nation’s economy, GDP was rising steadily this year, showing that Switzerland is indeed on track to robust economic growth. That gives support to the opinion that the danger of a strong currency was overestimated. As for the matter of capital controls, most experts think that such measures never proved effective and, besides, the international community is not likely to be pleased with such blatant currency manipulation. There are already many voices that compare Switzerland to China.