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.
Gold Intraday Chart
Crude oil intraday chart

TECHNICAL ANALYSIS SOFTWARE intraday trading systems

Comments

Intraday Software | Nifty Intraday Software | Nifty Intraday Tips

The business of day trading is extremely risky. You either gain or lose thousands of dollars within a matter minutes. That's why it is very important that you invest in a powerful day trading software. Day trading software will give you the platform you need to do instant market research and make fast trades that can make you a nice profit. As I am sure you know, there are many day trading softwares on the market. Some are good and some are well, not so good. Below you will find the top 6 things you should look for when researching a day trading software. Remember that day trading in and of itself is very complex. Therefore the software that you will be using will be complex as well. Just make sure it is the software that works best for you. 1 - Training If you are new to day trading, it is important that use a software that offers some sort of training. The more the merrier. Look for a software that offers forums and blogs that you can access on a regular basis. 2 - Charting Tool...

FII FLOWS OF CAPITAL ON INDIAN STOCKS MARKET

New Delhi: Overseas investors infused Rs 876 crore into Indian equity markets in the first week of May on hopes the government may review the General Anti Avoidance Rule (GAAR) provisions in coming days to address most of the concerns of FIIs, say experts. Foreign institutional investors (FIIs) had pulled out over Rs 1,100 crore from equity markets last month due to fears that proposed GAAR provisions could lead to heavy tax burden for investors putting money through tax-friendly places like Mauritius. During the current month, foreign fund houses poured in Rs 876.10 crore in the stock market and Rs 748.10 crore in the debt market Reuters FIIs made gross purchase of equities worth Rs 6,716.50 crore and sold shares valued Rs 5,840.40 crore translating into a net inflow of Rs 876.10 crore during May 2-4, according to the data available with the market regulator Sebi. Market experts said there is widespread expectations that government may review GAAR (General Anti...

NIFTY TREND ANALYSIS & LEVELS FOR TODAY

Updated for-Jul/12/2013 Nifty was on a bull trend and closed at 5935 level. So today the first resistance for nifty is at 5971-75 level. Next resistance ranges are at 6008-12,6030-35,6047-52,6069-73,6088-92 levels. On downside first support is at 5898-94 level. Next supports are at 5861-56,5834-30,5800-95,5780-75,5741-36,5722-18,5702-98,5670-65,5623-18,5590-85,5569-65,5536-32,5518-14,5497-92,5477-74,5445-41 level.Nifty is in bull region So today on upside intra resistance are at 5975 and 6012 level and on down side support are at 5894 and 5856.Below 5856 be very alert and avoid longs. Positional Support for NIFTY 5905 5872 5868 5838 5830 5824 5772 5764 and positional Immediate resistance for NIFTY is 5961. Intraday Resistance of NIFTY are 6008.8 : 6069.9 : 6051.2 : 6067.4 Intraday Support of NIFTY are 5861.4 : 5800.3 : 5820.1 : 5804.2

Search This Blog