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

Are You The Turtle Or The Hare? Would you want fast money or steady money?

The intraday trader is normally very impatient and enters this field only because he dreams of quick money . The intraday trader has a sense of impatience and wants to take multiple quick trades on small time frames. This is the main weakness or the impulsive behavior that needs to be brought under control . It is only those intraday traders who check the main trend and the confluence of their trading rules before taking the trade that survive the long battle and turn out to be winners in the long run.The intraday traders keep testing all the different indicators on live markets and do not stick to one method . The variety of trades will only cause the losses to happen and reduce your capital.The trader should stick to only one method and fine tune that so that the method becomes second nature to the trader and he is able to curtail his losses and maximize his earnings.It should be kept in mind that not only has the trader to keep control on his capital but also on the profits. Th...

NIFTY TRADING

Nifty trading has been the fancy for many intraday traders. They look to catch the buy and sell signals using the nifty live charts which run using the real time data. The intraday software that the trader uses is built on some robust trading strategy. This strategy is back tested using last many years of nse data. The nifty futures trading bears its many risks like the trader overtrading using brokers leverage. Or the trader making a trade using some faulty tips providers. The loss can occur if the stop loss is not applied or the stop losses are bigger than the targets. The best way to trade and to trade without the emotions of fear and greed are to use buy sell signals software with all targets and stop loss. The trader will then not need to do extensive research on the technical methods. The trader can take all the signals with ease. They will be like trading on nifty tips , but the controls will be with the intraday trader. The intraday software will also guide where to ex...

COMMODITY RESEARCH NEWS

August 9, 2012 News Highlights:  The Energy Information Administration said that U.S. Crude Oil Inventories fell more than expected to a seasonally adjusted annual rate of -3.729M, from -6.522M in the preceding month indicating that demand for the fuel in US, world’s largest consumer of crude oil is strong.  The German industrial production fell 0.9 per cent in June, more than forecasts for a 0.8 per cent decline, following an upwardly revised 1.7 per cent gain in May indicating a weakening euro zone crisis and further dampening demand prospects for copper and crude oil.  China's annual consumer inflation fell to a 30-month low of 1.8 percent in July from June's 2.2 percent creating more room for policy easing to support economic growth which in turn curbed losses in copper by improving demand outlook for industrial metal.  The U.S. dollar index, a measure of the value of the United States dollar relative to a basket of foreign currencies, ended 0.22 per cent higher ...

Search This Blog