Tuesday 30 July 2013

ASIAN STOCKS

Asian stocks wobbled and the dollar index edged up from a five-week low on Tuesday as investors positioned for the Federal Reserve's monetary policy meeting at which it might offer clues to the timing of its stimulus reduction. * Foreign institutional investors sold 2.32 billion rupees of cash shares on Monday, exchange data showed, while domestic institutions were net sellers of 1.01 billion rupees in shares.

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U.S.STOCKS

U.S. stocks fell on Monday, pulling back before this week's Federal Reserve meeting that could signal when the Fed is going to begin reducing its bond purchases aimed at helping the economic recovery.

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U.S.TREASURIES

U.S. Treasuries prices fell on Monday on selling by Wall Street dealers to lock in borrowing costs for corporate bonds they are underwriting ahead of this week's Federal Reserve policy meeting and U.S. employment report.

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NIKKEI

The benchmark Nikkei rose 0.2 percent to 13,684.99 in midmorning trade, after opening slightly lower, while the broader Topix gained 0.5 percent to 1,134.00.

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DOLLAR

The dollar drifted off a five-week trough against a basket of major currencies on Tuesday as the euro faltered ahead of chart resistance and a three-day rally in the yen lost a bit of steam.

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EURO

The euro held steady at $1.3258, staying below a five-week high near $1.3297 set Friday on trading platform EBS and chart resistance at $1.3300.

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NYMEX CRUDE

NYMEX-Crude slips on worries US economic growth slowed

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U.S.CRUDE

U.S. crude futures fell 25 cents to $104.30, pressured by a recovery in the U.S. dollar. The North Sea benchmark's premium over its U.S. counterpart widened to $3.04.

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BRENT CRUDE

Brent crude futures had slipped 11 cents to $107.34 a barrel by 0259 GMT, after falling 0.8 percent last week.

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LME COPPER

Three-month copper on the London Metal Exchange CMCU3 slipped by 0.22 percent to $6,862.75 a tonne by 0104 GMT, from the previous session when it finished little changed.

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COPPER

London copper marked time on Tuesday, but was off a near three-week low touched the session before, as focus shifted to any clues from the U.S. Federal Reserve on the timing of a pull-back in bond purchases, which could cut commodities demand.

PLATINUM

Platinum rose 1.05 percent to $1,440 an ounce.

SPOT SILVER

Spot silver was down 0.50 percent at $19.90 an ounce, having touched a one-month high of $20.60 last week.

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U.S.GOLD

U.S. gold  dropped about $1 to $1,327.50.

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SPOT GOLD

Spot gold had edged up 0.05 percent to $1,327.61 an ounce by 0007 GMT. It fell 0.5 percent on Monday as investors took profits after three weeks of gains.

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GOLD

Gold was steady on Tuesday as traders shied away from taking big bets ahead of a key Federal Reserve meeting beginning later in the day.

U.S.MARKET UPDATE

U.S. stocks fell on Monday, pulling back before this week’s Federal Reserve meeting that could signal when the Fed is going to begin reducing its bond purchases aimed at helping the economic recovery.
Losses were led by the energy and financial sectors, with both the S&P energy index and S&P financial index down 0.8 percent. Shares of Southwestern Energy  slid 3 percent to $38.14 and shares of Noble Energy fell 2.1 percent to $62.07 following as a decline in natural gas prices.

GM BULLION OPENING BUZZ

GM BULLION OPENING BUZZ:- 

GOLD:- 28300 
SILVER:- 41048 
COPPER:- 411 
NICKEL:- 814.40 
CRUDE:- 6232 
NATURALGAS:- 207.30 
LEAD:- 122.90 
ZINC:- 108.35 
ALUMINIUM:- 104.65 


GM GOOD MORNING BULLION MARKET UPDATE

GM GOOD MORNING BULLION MARKET UPDATE:-

GOLD TREND:- SIDEWAYS

STRATEGY:- SELL ON HIGH
S1- 27900 S2- 27600
R1- 28500 R2- 28900

SILVER TREND:- SIDEWAYS

STRATEGY:- SELL ON HIGH
S1-40600 S2- 40000
R1- 41600 R2- 42300

COPPER TREND:- SIDEWAYS

STRATEGY:- BUY ON DIPS
S1-405 S2- 400

R1-414 R2- 418 

GM GOOD MORNING BULLION MARKET UPDATE

GM GOOD MORNING BULLION MARKET UPDATE:-

CRUDE TREND:- SIDEWAYS

STRATEGY:- SELL ON HIGH
S1-6180 S2- 6130
R1- 6300 R2- 6350

NICKEL TREND:- SIDEWAYS

STRATEGY:- SELL ON HIGH
S1-805 S2- 800
R1- 820 R2- 828

LEAD TREND:- SIDEWAYS

STRATEGY:- SELL ON HIGH
S1-120.5 S2- 118

R1- 123 R2- 125

Monday 29 July 2013

ASIAN STOCKS

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent, following on from a 1.9 percent rise last week. But Tokyo's Nikkei slid 1.8 percent, extending last week's 3.2 percent decline.