COMMODITY UPDATES 7 AUG

August 7, 2012
News Highlights:
 The U.S. unemployment rate unexpectedly ticked up to 8.3 per cent, from 8.2 per cent in the preceding month, fuelling expectations for another round of quantitative easing from the Federal Reserve and in turn boosted gold prices.
 A weaker U.S. dollar also sent the gold, copper and crude oil prices higher as it makes the commodities cheaper for the holders in other currency.
 The European Central Bank’s bond buying program lifted hopes for a debt crisis solution which improved demand prospects for copper, crude oil and gold.
 China's central bank's pledged to intensify fine-tuning of monetary policy in the second half of this year and to improve credit policy to bolster the real economy. The encouraging comments from China, world’s top consumer of metals boosted expectations of a recovery in demand outlook of cooper.
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Flows into India likely to remain limited in the near term, as relative valuations of stocks versus emerging markets do not look attractive, Macquarie says. India thus “may be staring at a possible negative 12 month forward returns,” Macquarie says. The controversy over taxation for foreign investors, as well as macro challenges, are key reasons for net outflows of foreign institutional investors (FIIs) in April vs strong Jan-March inflows, Macquarie says. Indian stocks look historically cheap, but is trading at a premium of around 33 percent vs emerging markets vs the long-term average of 27 percent, Macquarie estimates. Nifty is seen trading in 5,000 to 5,500 range and the Sensex in 16,000 to 18,000 range, as “global liquidity glut” to provide some support, Macquarie says. Reuters

Day Trading Software - Does This Really Work

By Peter Skotnicky Can day trading software be an invaluable tool when it comes to choosing profitable stocks? Exploring this somewhat new technology may help with selecting the smart trade. Day trading software can give you an extra advantage to choosing the right trades. By using algorithms, the software helps choose the stocks that will be the most profitable. If this is a new concept for you as with most people when it comes to day trading, here are a few basics. The trade day starts at 8 a.m. and is over at 4 p.m. Eastern Time. Since most people would like to know what is happening on the stock market before they begin trading, this is where the software comes into the picture. Choose a style that delivers the most important aspects to you before the trade day begins. News feeds and analysis of the best choices is extremely important. The stock market is complicated and figuring out what all the charts mean is nearly impossible for a newcomer. If you want to know ...

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