Tuesday, 27 August 2013

STOCK MARKET TREND – 28 AUGUST 2013

BASE METAL WRAP: Copper advanced as China eased rules on overseas securities investments and after U.S. consumer confidence added to signs of improving demand in the biggest economy.
ENERGY WRAP: West Texas Intermediate crude surged to the highest price since May 2011 on concern that conflict in Syria may spread to other parts of the Middle East and threaten oil supplies.
PRECIOUS METAL WRAP: Gold traded near the highest level since May after a four-day rally as speculation that the U.S. may lead military strikes against Syria within days spurred investors’ demand for a haven. Silver and platinum advanced. Commodities advanced to the highest level in more than six months as escalating tension in Syria spurred a rally in oil on concern that supplies from the Middle East may be disrupted.
GLOBAL EVENTS TO WATCH: BOE Gov Carney Speaks, Pending Home Sales m/m, Crude Oil Inventories.
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STOCK MARKET TREND – 27 AUGUST 2013

BASE METAL WRAP: Copper fell for the first time in three days as a bigger-than-expected drop in U.S. durable-goods orders stoked concern demand in the world’s second-biggest user will slow and as tensions mounted in the Middle East.
ENERGY WRAP: West Texas Intermediate rose for the third time in four days after the U.S. said it will hold the Syrian government accountable for the use of chemical weapons, fanning concern that unrest may disrupt crude supplies.
PRECIOUS METAL WRAP: Gold retreated from the highest level in more than two months amid signs of weaker physical demand in China, and after a technical indicator signaled that prices may be poised to decline. Silver and platinum fell.
GLOBAL EVENTS TO WATCH: German Ifo Business Climate, S&P/CS Composite-20 HPI y/y, CB Consumer Confidence, Richmond Manufacturing Index.
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Sunday, 25 August 2013

STOCK MARKET TREND – 26 AUGUST 2013

BASE METAL WRAP: Copper saw a bounce towards the weekend as signs of re-emerging appetite for the metal in top consumer China boosted the demand outlook and helped offset concerns over a tapering of monetary stimulus in the United States.
ENERGY WRAP: West Texas Intermediate crude rose for a third day as speculation the Federal Reserve will maintain economic stimulus boosted the demand outlook in the world’s biggest oil user. Brent’s premium to WTI narrowed.
PRECIOUS METAL WRAP: Gold swung between gains and losses after climbing to the highest level since June as investors weighed the outlook for stimulus in the U.S., with a slump in new-home sales boosting the case for sustained debt-buying.
GLOBAL EVENTS TO WATCH: Trade Balance, Core Durable Goods Orders m/m, Durable Goods Orders m/m.
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Friday, 23 August 2013

STOCK MARKET TREND – 23 AUGUST 2013

BASE METAL WRAP: Copper futures in New York rose for the second time in three days after manufacturing unexpectedly expanded in China, the world’s largest consumer of the metal.
ENERGY WRAP: West Texas Intermediate crude was little changed in New York after climbing the most in almost two weeks as signs of an improving U.S. jobs market bolstered the economic outlook in the world’s biggest oil user.
PRECIOUS METAL WRAP: Gold traders are the most bearish in nine weeks after Federal Reserve policy makers backed plans to taper stimulus if the economy strengthens, eclipsing a surge in demand for physical metal that drove prices to a two-month high.
GLOBAL EVENTS TO WATCH: Second Estimate GDP q/q, Core CPI m/m, New Home Sales, Jackson Hole Symposium.
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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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