U.S. stocks fell sharply on Wednesday as the latest economic
data continued a trend of indicators pointing to anaemic growth, while
bellwether companies disappointed on revenue.
Thursday, 2 May 2013
U.S.TREASURIES
Benchmark 10-year Treasuries were last up 11/32 in price to
yield 1.637 percent, after falling as low as 1.614 percent before the Fed
statement, the lowest since December. Yields dropped from around 1.67 percent
earlier on Wednesday.
S&P
The
Standard & Poor's 500 Index dropped 14.87 points, or 0.93 percent, to
finish at 1,582.70.
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FTSE
The FTSE 100 provisionally closed up 10.88 points, or 0.2
percent, to 6,441.00 points, rising on the first day of the month for the 10th
straight time in a quiet session, with most European bourses closed for public
holidays.
DOLLAR
The dollar was last down 0.1 percent against a currency basket,
having earlier plumbed a fresh two-month low. The dollar index eased 0.1 percent to 81.630 after sliding as far
as 81.331.
NIKKEI
The Nikkei was down 0.4 percent at 13,743.66 in mid-morning
trade. Japanese financial markets will be closed on Friday and Monday for
public holidays, and reopen on Tuesday.
U.S.CRUDE
U.S. crude for June delivery was off 16 cents at $90.87 a
barrel by 0046 GMT. The contract fell as much as $3.35 on Wednesday in a
broad-based commodities sell-off fueled by recent data that pointed to a weak
second quarter for the U.S. and Chinese economies.
BRENT CRUDE
Brent, which fell more than 2 percent on Wednesday, edged up
11 cents to $100.06 a barrel by 0233 GMT on Thursday after hitting a low of
$99.51 -- just shy of the prior session's trough of $98.76.
OIL
Oil, gold and copper tumbled on Wednesday after renewed worries
over the Chinese and U.S. economies drove investors to sell raw materials on
the first trading day of May, a month known for historically weak commodity
prices.
COPPER
Copper slid on Wednesday, extending its deepest monthly drop
in almost a year in April, due to concerns over growth in top metal consumer
China and in the United States after data suggested the world's two biggest
economies remain fragile.\
SPDR GOLD
SPDR Gold Trust, the world's largest gold-backed exchange-traded
fund, said its holdings fell 0.31 percent to 1,075.23 tonnes on Wednesday --
their lowest since September 2009.
SPOT GOLD
Spot gold fell $1.18 an ounce to $1,455.56 by 0035 GMT,
having shed more than 1 percent in the previous session -- its biggest daily
drop since the bullion's historic decline in mid-April. It hit a low of
$1,439.74 on Wednesday, the weakest since April 25.
GOLD
Gold held near its weakest level in almost a week on
Thursday, shrugging off the U.S. Federal Reserve's decision to maintain its
loose monetary policy, pressured by a drop in holdings on exchange-traded
funds, equities and other commodities.
U.S.MARKET UPDATE
U.S. stocks fell sharply on Wednesday as the latest economic
data continued a trend of indicators pointing to anaemic growth, while
bellwether companies disappointed on revenue.
The Dow Jones industrial average lost 138.85 points, or 0.94
percent, to 14,700.95 at the close. The Standard & Poor's 500 Index dropped
14.87 points, or 0.93 percent, to finish at 1,582.70. The Nasdaq Composite
Index slid 29.66 points, or 0.89 percent, to close at 3,299.13.
GM BULLION OPENING BUZZ
GM BULLION OPENING BUZZ:-
GOLD:- 26606
SILVER:- 44144
COPPER:- 368.95
NICKEL:- 798.10
CRUDE:- 4887
NATURALGAS:- 232.50
LEAD:- 105.70
ZINC:- 98.50
ALUMINIUM:- 97.90
GM GOOD MORNING BULLION MARKET UPDATE
GM GOOD MORNING BULLION MARKET UPDATE:-
GOLD TREND: CONSOLIDTE
STRATEGY:- SELL ON HIGH
S1- 26400 S2- 26250
R1- 27700 R2- 27900
SILVER TREND: CONSOLIDATE
STRATEGY ELL ON DIPS
S1-43000 S2- 42000
R1- 44500 R2- 45000
COPPER TREND: CONSOLIDATE
STRATEGY:- SELL ON HIGH
S1-360 S2- 350
R1- 380 R2- 385
GM GOOD MORNING BULLION MARKET UPDATE
GM GOOD MORNING BULLION MARKET UPDATE
CRUDE TREND: CONSOLIDATE
STRATEGYELL ON HIGH
S1-4800 S2- 4700
R1- 4950 R2- 5050
NATURAL GAS TREND: CONSOLIDATE
STRATEGY:- BUY ON DIPS
S1-230 S2- 225
R1- 240 R2- 245
LEAD TREND: CONSOLIDATE
STRATEGY:- SELL ON HIGH
S1-104 S2- 102
R1- 107 R2- 109
Tuesday, 30 April 2013
GM BULLION OPENING BUZZ
GM BULLION OPENING BUZZ:-
GOLD:- 27107
SILVER:- 45271
COPPER:- 386.05
NICKEL:- 833.30
CRUDE:- 5121
NATURAL GAS:- 237.10
LEAD:- 109.35
ZINC:- 100.85
ALUMINIUM:- 100.65
GM GOOD MORNING BULLION MARKET UPDATE
GM GOOD MORNING BULLION MARKET UPDATE:-
GOLD TREND: CONSOLIDATE
STRATEGY:- SELL ON HIGH
S1- 27000 S2- 26750
R1- 27350 R2- 27500
SILVER TREND: CONSOLIDATE
STRATEGY ELL ON DIPS
S1-44500 S2- 44000
R1- 45500 R2- 46000
COPPER TREND: CONSOLIDATE
STRATEGY:- BUY ON DIPS
S1-380 S2- 375
R1- 390 R2- 395
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