Thursday 29 August 2013

ASIAN STOCKS

Asian shares recouped some of the two previous session's steep losses on Thursday as fears abated that U.S.-led forces would soon launch a military strike on Syria, and oil prices retreated from a six-month peak.

U.S.STOCK

Wall Street rose on Wednesday as energy shares rallied on higher oil prices as the United States and its allies edged closer to military action against Syria.

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U.S.TREASURIES

U.S. Treasury debt prices fell on Wednesday, with a debt sale coming in lukewarm, after Treasuries posted gains for three straight sessions as investors worried about weaker U.S. economic data and possible military action in Syria.

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YEN

The Japanese currency was last traded at 97.65 yen against the dollar, moving away from 96.81 yen touched on Wednesday, a level last visited two weeks ago.


NIKKEI

The benchmark Nikkei advanced 0.4 percent to 13,390.14 in midmorning trade, after shedding 1.5 percent to a two-month low of 13,338.46 on Wednesday. The broader Topix  was little changed at 1,113.55.

FTSE

The FTSE 100 was down 10.91 points, or 0.2 percent, at 6,430.06 points at the close as the United States and its allies appeared to be gearing up for a strike against Syria,  pushing oil prices to multi-month highs on concerns about Middle Eastern crude supply.

NYMEX CRUDE

NYMEX-U.S. crude falls toward $109 after stockpiles rise; Syria eyed

U.S.CRUDE

U.S. crude for October delivery fell 73 cents to $109.37 a barrel by 0024 GMT after gaining nearly 4 percent in the previous two sessions to hit a two-year high of $112.24 on Wednesday.

BRENT CRUDE

Brent crude for October was at $115.82, down 79 cents after touching a 6-month high of $117.34 on Wednesday.

OIL

Oil has jumped this week to multi-month highs on fears that the potential strike on Syria could spread unrest to major oil producers in the Middle East and disrupt supply.

LME COPPER

Three-month copper on the London Metal Exchange  edged down by 0.2 percent to $7,273.75 a tonne by 0106 GMT,  from the previous session.

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COPPER

London copper drifted lower on Monday as the dollar rose against a basket of currencies, but was underpinned by steady Chinese demand and the prospect of a slow revival in global growth.

PLATINUM

Platinum rose 0.8 percent to $1,530.70 an ounce

SILVER

Among other precious metals, silver prices dropped 0.7 percent to $24.30.

U.S.GOLD

U.S. gold futures for December delivery settled down $1.40 an ounce at $1,418.60, with trading volume about 10 percent below its 30-day average, preliminary Reuters data showed.


SPOT GOLD

Spot gold had fallen 0.1 percent to $1,415.76 an ounce by 0028 GMT. 

GOLD

Gold eased on Thursday after a five-day rally but was still holding near its highest since mid-May, as possible U.S. military strikes against Syria stoked safe-haven buying of the metal.

U.S.MARKET UPDATE

Wall Street rose on Wednesday as energy shares rallied on higher oil prices as the United States and its allies edged closer to military action against Syria.


Trading volume was thin and came after a drop in the S&P 500 index on Tuesday to its lowest in two months. On Wednesday stocks recouped some of the losses as traders bought energy stocks, which rose on a spike in oil prices as markets feared supply interruptions from the Middle East. 

GM GOOD MORNING BULLION MARKET UPDATE

GM GOOD MORNING BULLION MARKET UPDATE:-

GOLD TREND:- BEARISH

STRATEGY:- SELL ON HIGH
S1- 33000 S2- 32500
R1- 34000 R2- 34500

SILVER TREND:- BEARISH

STRATEGY:- SELL ON HIGH
S1-55000 S2- 54000
R1- 56500 R2- 57500

COPPER TREND:- SIDEWAYS

STRATEGY:- SELL ON HIGH
S1-475 S2- 468
R1-490 R2- 495

NICKEL TREND:- SIDEWAYS

STRATEGY:- SELL ON HIGH
S1-930 S2- 920

R1-960 R2-975 

GM GOOD MORNING BULLION MARKET UPDATE

GM GOOD MORNING BULLION MARKET UPDATE:- 

CRUDE TREND:- SIDEWAYS

STRATEGY:- SELL ON HIGH
S1-7250 S2- 7150
R1-7400 R2-7500


NATURAL GAS TREND:- SIDEWAYS

STRATEGY:- SELL ON HIGH
S1-232 S2- 226
R1-240 R2- 245

LEAD TREND:- SIDEWAYS

STRATEGY:- SELL ON HIGH
S1-145 S2- 143

R1- 148 R2- 150

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Wednesday 28 August 2013

ASIAN STOCKS

MSCI's broadest index of Asia-Pacific shares outside Japan shed 1 percent, hitting its lowest level since July 9 and extending the previous session's 1.2 percent drop.

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