U.S. stocks erased losses late in Friday's session to close
slightly higher on investor optimism about the likelihood that the Federal
Reserve would keep its easy money policy in play a while longer.
Monday, 29 July 2013
U.S.TREASURIES
Prices of U.S. Treasuries edged up on Friday in light
trading, with investors reluctant to take on large positions ahead of a Federal
Reserve meeting next week, which will be scrutinized for signs over when the
U.S. central bank is likely to reduce its bond purchase programme.
FTSE
The FTSE 100 closed down 33.16 points, or 0.5 percent, at 6,554.79
points, failing to hold above recent resistance around seven-week highs just
above 6,600 and still 4.7 percent off 13-year highs made in May.
DOLLAR
The dollar index was 0.14 percent lower at 81.544 and just
above chart support at 81.515, its 200-day moving average. The index shed 1.2
percent last week for its third straight weekly loss.
NIKKEI
The Nikkei .N225 dropped 1.7 percent to 13,886.76 in mid-morning
trade after hitting as low as 13,860.16, the lowest level since July 1.
NYMEC CRUDE
NYMEX crude for September delivery had dropped 9 cents to
$104.61 a barrel by 2310 GMT, after settling down 79 cents at $104.70 on
Friday.
U.S.CRUDE
U.S. oil traded as
low as $104.10, continuing to fall after having reached a 16-month high of
$109.40 last Friday. The fall in prices eased through the day, but both oil
benchmarks finished the week with modest loses.
BRENT CRUDE
London Brent crude for September delivery was up 17 cents at
$107.34 a barrel, after finishing down 48 cents.
OIL
Oil prices fell on Friday, extending losses amid concerns
over falling Chinese demand after the world's second-largest oil consumer
ordered factories to reduce output over worries of excess capacity.
LME COPPER
Three-month copper on the London Metal Exchange had inched up $6.25 to $7,016.25 a tonne by
0114 GMT. The contract is up 1.4 percent so far this week.
COPPER
London copper futures ticked higher on Friday due to a
weaker dollar and were heading for their second weekly increase in three, but
concerns over a dimming outlook for demand in top consumer China may cap gains.
SPOT GOLD
Spot gold fell 0.5 percent to $1,326.91 an ounce by 0331
GMT, after gaining 9 percent over the last three weeks.
GOLD
Gold edged lower on Monday after three weeks of gains as
investors awaited a key Federal Reserve policy meeting this week for guidance
on when the central bank would begin to scale back its stimulus.
U.S.MARKET UPDATE
U.S. stocks erased losses late in Friday's session to close
slightly higher on investors' optimism about the likelihood that the Federal
Reserve will keep its easy money policy in play a while longer.
With just three trading days left in the month, the S&P
500 is set to post its best month since October 2011. The Nasdaq's advance
makes July so far the best month in a year and a half.
U.S.MARKET UPDATE
U.S. stocks erased losses late in Friday's session to close
slightly higher on investors' optimism about the likelihood that the Federal
Reserve will keep its easy money policy in play a while longer.
With just three trading days left in the month, the S&P
500 is set to post its best month since October 2011. The Nasdaq's advance
makes July so far the best month in a year and a half.
GM BULLION OPENING BUZZ
GM BULLION OPENING BUZZ:-
GOLD:- 27566
SILVER:- 40881
COPPER:- 408.40
NICKEL:- 817.70
CRUDE:- 6202
NATURALGAS:- 212.60
LEAD:- 121.35
ZINC:- 108.10
ALUMINIUM:- 104.20
GOLD:- 27566
SILVER:- 40881
COPPER:- 408.40
NICKEL:- 817.70
CRUDE:- 6202
NATURALGAS:- 212.60
LEAD:- 121.35
ZINC:- 108.10
ALUMINIUM:- 104.20
GM GOOD MORNING BULLION MARKET UPDATE
GM GOOD MORNING BULLION MARKET UPDATE:-
GOLD TREND:- SIDEWAYS
STRATEGY:- SELL ON HIGH
S1- 27200 S2- 27000
R1- 27700 R2- 27900
SILVER TREND:- SIDEWAYS
STRATEGY:- SELL ON HIGH
S1-40600 S2- 40000
R1- 42000 R2- 42500
COPPER TREND:- SIDEWAYS
STRATEGY:- SELL ON HIGH
S1-405 S2- 400
R1-410 R2- 415
GM GOOD MORNING BULLION MARKET UPDATE
GM GOOD MORNING BULLION MARKET UPDATE:-
NICKEL TREND:- SIDEWAYS
STRATEGY:- SELL ON HIGH
S1-810 S2- 805
R1- 820 R2- 828
CRUDE TREND:- SIDEWAYS
STRATEGY:- SELL ON HIGH
S1-6150 S2- 6100
R1- 6280 R2- 6350
NATURAL GAS TREND:- SIDEWAYS
STRATEGY:- SELL ON HIGH
S1-208 S2- 205
R1-216 R2- 220
LEAD TREND:- SIDEWAYS
STRATEGY:- SELL ON HIGH
S1-120 S2- 118
R1- 123 R2- 125
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