Gold 18607-19009
Silver 29262-29760
Crude 3458-3660
Nickel 857.1-955.7
Silver 29262-29760
Crude 3458-3660
Nickel 857.1-955.7
Wednesday, June 30, 2010
Monday, June 28, 2010
U S Market News.
U.S. May personal incomes up 0.4%
U.S. May savings rate rises to 4%
U.S. May consumer pr ices unchanged
U.S. May real consumer spending up 0.3%
U.S. May savings rate rises to 4%
U.S. May consumer pr ices unchanged
U.S. May real consumer spending up 0.3%
Friday, June 25, 2010
Gold Update
gold ralllied to a new high at $1159.50 in dollar terms after call, however, it could not break resistance at Rs.18865 and has now broken support at Rs.18830
GDP:
Actual: 2.7%, Forecast: 3.0%. Data Interpretation: Data is positive for gold and silver. it is negative for base metals and crude oil.
Wednesday, June 23, 2010
New Home Sales:
Actual:+300k, Forecast: +424k.Data Interpretation: Data is +ve for gold and silver, it is -ve for base metals & Crudeoil
Tuesday, June 22, 2010
Existing Home Sales
Actual: 5.66m, Forecast: 6.1m, Richmond manufacturing Index: Actual: 23, Forecast: 21. Data Interpretation: data is positive for gold and silver, it is negative for base metals and crude oil.
Monday, June 21, 2010
Friday, June 18, 2010
Thursday, June 17, 2010
Unemployment Claims :
Actual : 472K, Exp: 452K, Data is positive for bullions and negative for base metals and crude oil.
Gold prices headed higher on Thursday
as ongoing worries about Europe's debt trouble heightened demand for the metal. Gold for August delivery gained $11.50 to $1,242.00 an ounce on the New York Mercantile Exchange
Tuesday, June 15, 2010
TIC Long-Term Purchases :
Actual : 83.0B, Exp:77.3B, Data is negative for bullions and positive for base metals and crude oil.
Monday, June 14, 2010
Rating Agency
Rating Agency Moody's has downgraded the credit rating of Greece: News is positive for gold and silver. It is negative for base metals and crude oil.
Friday, June 11, 2010
Conseumer Sentiment: Actual:
75.5, forecast: 74.7, data is negative for gold and silver, it is positive for basemetals and crude oil.
Conseumer Sentiment: Actual:
75.5, forecast: 74.7, data is negative for gold and silver, it is positive for basemetals and crude oil.
Economic Data
Better-than-expected economic data from China and Australia combined with a successful Spanish bond auction and in-line to slightly better-than-expected weekly jobs data in the U.S. were good enough reasons for U.S. equity investors buy beaten down shares. The Dow Jones Industrial Average surged 273 points, with the S&P 500 up 31, and the Nasdaq higher by 60.
Thursday, June 10, 2010
Crude update:
crude oil has support at 3530 and an upside move till 3590 could still be expected in the short-term.
Wednesday, June 9, 2010
Wholesale Inventories:
Actual: 0.4%, Forecast: 0.6%. Data is negative for gold and silver, it is positive for base metals and crude oil.
Wholesale Inventories:
Actual: 0.4%, Forecast: 0.6%. Data is negative for gold and silver, it is positive for base metals and crude oil.
Thursday, June 3, 2010
Crude : Actual:
Crude : Actual: -1.9 mnbls, Forecast: +0.1mnbls, distillate: Actual: +0.5 mnbls, Forecast: +0.2 mnbls, Gasoline: Actual: -2.6 mnbls, Forecast: -0.5 mnbls. data interpretation: data is positive for crude oil.
Crude update:
crude has taken resistance at 3447, with immediate resistance coming at 3430, a fall till 3398 could be possible after data.
ADP Non-Farm Employment Change
: Actual: +55k, Forecast: +68k. Data Interpretation: Data is positive for gold and silver. It is negative for base metals and crude oil.
Wednesday, June 2, 2010
Pending Home Sales
: Actual: 6.0% , Forecast: 5.0%. Data Interpretation: data is negative for gold & silver.positive for base & crudeoil
Tuesday, June 1, 2010
Silver Update:
Silver has support at 29650 and an upside move till 29840 and then 29935 could be possible intraday
ISM Manufacturing PMI:
Actual: 59.7, Forecast: 59.3, Construction Spending: Actual: 2.7%, Forecast: 0.1%. Data Interpetation: Data is negative for gold and silver. it is positive for base metals and crude oil.
