Wednesday, 21 August 2013

Stock Market trend – 22 August 2013

BASE METAL WRAP: Copper led gains in industrial metals after a manufacturing index in China increased in August from an 11-month low, adding to signs the world’s second-biggest economy is stabilizing.

ENERGY WRAP: West Texas Intermediate crude traded near the lowest level in almost two weeks as signs that the U.S. will taper economic stimulus this year raised speculation oil demand may falter in the world’s biggest consumer.

PRECIOUS METAL WRAP: Gold pared losses as investors weighed the minutes of the U.S. Federal Reserve’s last meeting, which reinforced expectations that stimulus will be tapered, against an unexpected increase in China’s manufacturing.

GLOBAL EVENTS TO WATCH: HSBC Flash Manufacturing PMI, French Flash Manufacturing PMI, German Flash Manufacturing PMI, Core Retail Sales m/m, Unemployment Claims, Flash Manufacturing PMI, HPI m/m, CB Leading Index m/m, Natural Gas Storage, Jackson Hole Symposium.

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Tuesday, 20 August 2013

Stock Market Trend – 21 August 2013


BASE METAL WRAP: Copper and zinc declined ahead of minutes of the Federal Reserve’s last meeting that may provide clues on the pace of stimulus and trade data from China, the biggest user of industrial metals.

ENERGY WRAP: West Texas Intermediate crude swung between gains and losses after declining the most in two months yesterday amid speculation the Federal Reserve will taper economic stimulus. Industry data showed U.S. supplies fell.

PRECIOUS METAL WRAP: Gold fluctuated between gains and losses before the U.S. Federal Reserve releases minutes from its last meeting, which may provide clues on whether the pace of stimulus will be slowed amid signs of increased bullion demand.

GLOBAL EVENTS TO WATCH: Existing Home Sales, Crude Oil Inventories, FOMC Meeting Minutes.

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Stock Market Trend – 20 August 2013

BASE METAL WRAP: Copper futures posted the biggest drop in almost three weeks as concern that the Federal Reserve will scale back U.S. monetary stimulus clouded prospects for metal demand.

ENERGY WRAP: West Texas Intermediate oil was little changed after declining yesterday for the first time in seven days. Government data tomorrow is forecast to show U.S. crude stockpiles fell to the lowest level since September.

PRECIOUS METAL WRAP: Gold fluctuated between gains and losses after dropping from a two-month high as investors weighed the prospect of reduced stimulus in the U.S. against increased demand for an alternative investment.

GLOBAL EVENTS TO WATCH: Monetary Policy Meeting Minutes, RBNZ Gov Wheeler Speaks, German PPI m/m, Wholesale Sales m/m.

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Sunday, 18 August 2013

Stock Market Trend – 19 August 2013

BASE METAL WRAP: Copper hit a 10-week high heading for a third week of gains, on expectations that a global economic recovery would increase demand for industrial metals.
ENERGY WRAP: West Texas Intermediate oil swung between gains and losses after rising to the highest price in two weeks. New York crude’s discount to London-traded Brent futures widened.
PRECIOUS METAL WRAP: Gold rose to a two-month high after holdings in the largest exchange-traded product posted the first weekly expansion this year. Silver headed for the longest rally since March 2008.
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Thursday, 15 August 2013

Stock Market Trend – 16 August 2013

BASE METAL WRAP: Copper was set to gain for a third week after an unexpected drop in U.S. jobless claims and expanded manufacturing data signaled the world’s biggest economy continues to mend.

ENERGY WRAP: West Texas Intermediate crude traded near the highest price in two weeks as an escalating conflict in Egypt fanned concern that oil shipments through the country may be disrupted.

PRECIOUS METAL WRAP: Gold gained to a two-month high, heading for the best week in five, as lower equities and signs of rising physical purchases spurred demand. Silver was set for the best week since October 2011.

GLOBAL EVENTS TO WATCH: Manufacturing Sales m/m, Building Permits, Housing Starts, Prelim Nonfarm Productivity q/q, Prelim Unit Labor Costs q/q, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations.

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Tuesday, 13 August 2013

Stock Market Trend – 14 August 2013

BASE METAL WRAP: Copper swung between gains and losses as investors weighed the outlook of the U.S. Federal Reserve’s stimulus policy against recent signs of recovery in economies from the U.S. to China.
ENERGY WRAP: West Texas Intermediate snapped a three-day rising streak after an industry report showed fuel stockpiles increased in the U.S., the world’s biggest oil consumer. Brent fell from the highest close since April.
PRECIOUS METAL WRAP: The third increase in import taxes on gold this year by India, the world’s biggest user, is set to boost smuggling ahead of the festival and wedding seasons as official imports halt on central bank curbs, a trade group said.
GLOBAL EVENTS TO WATCH: Retail Sales q/q, German Prelim GDP q/q, Claimant Count Change, MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, Flash GDP q/q, PPI m/m, Core PPI m/m, Crude Oil Inventories, FOMC Member Bullard Speaks.
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Stock Market Trend – 13 August 2013

BASE METAL WRAP: Copper Slipped while aluminium extended gains on Monday as signs of a pickup in top metals consumer China and expectations of encouraging euro zone data came up against a rise in the dollar.
ENERGY WRAP: West Texas Intermediate crude traded near the highest price in five days amid speculation that U.S. stockpiles fell for the sixth time in seven weeks as summer driving buoyed demand.
PRECIOUS METAL WRAP: Gold snapped a four-day advance as a rally to the highest level in almost three weeks damped demand and prompted some investors to sell. Silver declined.
GLOBAL EVENTS TO WATCH: CPI y/y, German ZEW Economic Sentiment, NFIB Small Business Index, Core Retail Sales m/m, Retail Sales m/m, Import Prices m/m, Business Inventories m/m.
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