ASIAN SHARES

Asian shares rose and the yen was pressured on Wednesday, as risk appetite recovered slightly after European equities and the euro firmed overnight while U.S. financial markets looked set to resume trading with the passage of a powerful storm. 

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EURO

The euro inched up 0.1 percent to $1.2962, but stuck to its $1.2800/$1.3200 range seen since mid-September.

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DOLLAR

The dollar was at 79.59 yen, recovering from a fall to 79.28 when the market unwound long dollar/yen positions after the BOJ expanded its asset-buying programme by 11 trillion yen ($138 billion) in a broadly expected move

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YEN

The yen drifted off a one-week high against the dollar on Wednesday thanks to a general improvement in risk appetite, paring gains made after the Bank of Japan balked at delivering bolder action to kickstart growth.

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NIKKEI

The Nikkei climbed 1.1 percent to 8,936.51, breaking back above its 25-day moving average at 8,837.13.

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FTSE

The index closed up 54.80 points, or 1 percent, at 5,849.90, its biggest one-day percentage gain since Oct. 16 and more than reversing Monday's fall of 0.2 percent.

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U.S.CRUDE

U.S. crude for December delivery edged up 3 cents to $85.71 a barrel by 0019 GMT after settling on Tuesday at its lowest since July. The front-month contract is set to post its biggest monthly loss since May as concerns about slowing global economic growth stoked fears of lower fuel demand.

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BRENT CRUDE

Brent crude for December delivery was down 15 cents to $108.93 by 0229 GMT. The front-month contract is set to post its largest monthly fall since June as concerns about slowing global economic growth stoked fears of lower fuel demand despite supply risks in the Middle East.

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OIL

Oil prices lacked direction, with U.S. crude futures up 0.1 percent at $85.79 a barrel and Brent down 0.2 percent at $108.90 as investors waited to assess the impact from Sandy, which paralysed much of the U.S. East Coast region that consumes about one-quarter of the nation's total fuel.

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SHANGHAI COPPER

The most-traded February copper contract on the Shanghai Futures Exchange rose 0.3 percent to 56,640 yuan ($9,100) a tonne.

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LME COPPER

Three-month copper on the London Metal Exchange  climbed 0.6 percent to $7,765.75 a tonne by 0153 GMT, building on small gains from the previous session after prices plumbed two-month lows of $7,670 earlier this week.

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COPPER

London copper climbed for a second session on Wednesday, pushing further away from two-month lows as risk appetite improved, but the industrial metal is heading for its weakest month since May as demand from top consumer China stayed sluggish.

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SILVER

Silver was up 0.16 pe rcent at $31.81 an ounce.

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SPOT PLATINUM

Spot platinum gained 1.3 percent to $1,54 9 . 99 an ounce

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U.S.GOLD

U.S. gold was trading nearly flat at $1,712.50.

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SPOT GOLD

Spot gold inched up 0.1 percent to $1,711.09 an ounce by 0025 GMT, on course for a monthly drop of more than 3 percent, its biggest one-month decline since May after four months of consecutive gains.

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GOLD

Gold edged up on Wednesday, but was still poised to end a four-month winning streak with the biggest one-month decline since May, as investors awaited the U.S. employment report. Trading volumes were thin after Hurricane Sandy pounded the U.S. East Coast

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GM BULLION OPENING BUZZ

GM BULLION OPENING BUZZ :- 

GOLD-31090 
SILVER-59560 
CRUDE-4666
COPPER-421.8 
NICKEL-865.5
ZINC-98.25
LEAD-111.5
ALUMINIUM-102.25 

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U.S.STOCK

The U.S. stock market was closed for a second straight day on Tuesday as cash equity trading was cancelled in the wake of Hurricane Sandy.

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GM GOOD MORNING BULLION MARKET UPDATE

GM GOOD MORNING BULLION MARKET UPDATE:-

GOLD TREND:- BULLISH

STRATEGY:- BUY ON DIPS

S1-30950 S2-30800

R1-31180 R2-31300

SILVER TREND BULLISH

STRATEGY BUY ON DIPS

S1-59000 S2-58000

R1-60000 R2-61000

COPPER TREND:- SIDEWAYS

STRATEGY:- SELL ON HIGH

S1-418 S2-412

R1-426 R2-432

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GM GOOD MORNING BULLION MARKET UPDATE

GM GOOD MORNING BULLION MARKET UPDATE

CRUDE TREND:- SIDEWAYS

STRATEGY:-BUY ON DIPS

S1-4600 S2-4520

R1-4720 R2-4800

ZINC TREND :- SIDEWAYS

STRATEGY:- BUY ON DIPS

S1-96.5 S2-95

R1-99 R2-100.5

LEAD TREND:- SIDEWAYS

STRATEGY :-BUY ON DIPS

S1-110 S2-108.5

R1-112.5 R2-114

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GM BULLION OPENING BUZZ

GM BULLION OPENING BUZZ :- 

GOLD-31055
SILVER-59405
CRUDE-4631 
COPPER-420.05 
NICKEL-858.8
ZINC-96.85
LEAD-109.05
ALUMINIUM-101.2

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GM GOOD MORNING BULLION MARKET UPDATE

GM GOOD MORNING BULLION MARKET UPDATE:-

GOLD TREND:- BULLISH

STRATEGY:- BUY ON DIPS

S1-30950 S2-30800

R1-31180 R2-31300

SILVER TREND BULLISH

STRATEGY:- BUY ON DIPS

S1-59000 S2-58000

R1-60500 R2-61500

COPPER TREND SIDEWAYS

STRATEGY:- SELL ON HIGH

S1-418 S2-412

R1-428 R2-432 

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GM GOOD MORNING BULLION MARKET UPDATE

GM GOOD MORNING BULLION MARKET UPDATE

CRUDE TREND:- SIDEWAYS

STRATEGY BUY ON DIPS

S1-4600 S2-4520

R1-4720 R2-4800

ZINC TREND :- SIDEWAYS

STRATEGY:- BUY ON DIPS

S1-95 S2-94

R1-98 R2-99.5

LEAD TREND:- SIDEWAYS

STRATEGY :- BUY ON DIPS

S1-108 S2-107

R1-111 R2-112.5

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ASIAN SHARES

Asian shares were subdued on Tuesday after Sandy curtailed activity in U.S. markets overnight, while the dollar held gains against the yen ahead of a widely expected policy easing by the Bank of Japan later in the session.

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U.S.TREASURIES

Benchmark U.S. 10-year Treasury notes traded  8/32 higher in price on Monday to yield 1.72 percent, down from  1.75 percent late Friday, while 30-year bonds traded 19/32 higher to yield 2.88 percent from 2.91 percent.

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FTSE

The FTSE 100 closed down 11.61 points, or 0.2 percent at 5,795.10 points, in volume of 60 percent of the 90-day daily average, reflecting the absence of U.S. trading interest with U.S. stock markets closed because of the hurricane threat.

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DOLLAR

The dollar bought 79.80 yen, not far off Friday's peak of 80.38. Immediate support is seen around 79.20/25 yen, a level that had seen some buying interest in the past.

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NIKKEI

Japan's Nikkei share average edged higher in early trade on Tuesday ahead of a much-anticipated meeting by the Bank of Japan, which is widely expected to ease monetary policy.

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U.S.CRUDE

U.S. crude for December edged down 16 cents to $85.38. U.S. gasoline futures fell 1.3 percent to $2.7206 a gallon, after climbing more than 5 cents on Monday.

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BRENT CRUDE

Brent crude for December slipped for a second session, down 30 cents to $109.14 a barrel by 0141 GMT.

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OIL

The oil sands-derived crude price averaged about $89.89 per barrel in the quarter, down from $97.89, a year earlier.

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SHANGHAI COPPER

The most-traded February copper contract on the Shanghai Futures Exchange fell 0.41 percent to 56,350 yuan a tonne.

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LME COPPER

Three-month copper on the London Metal Exchange had climbed 0.47 percent to $7,735 a tonne by 0113 GMT, reversing losses from the previous session when it plumbed its lowest since Sept. 5 at $7,670 a tonne.

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