Skip to main content

COMMODITY UPDATES 7 AUG

By

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

Post a Comment

Popular posts from this blog

By
Post a Comment
Read more
By
.. It is your trading methodology that will ultimately determine whether you win or lose in the markets. While, it is vital that you have the discipline to stick to your plan, it is equally vital that you have one to stick to in the first place. EVERY SUCCESSFUL TRADER HAS A WINNING TRADING SYSTEM and there are as many successful systems as there are traders. Some systems get you to buy on strength and sell on weakness; others do the opposite. Some investors succeed as value investors, such as Warren Buffet; others make their millions in momentum trading. I have even heard of an astrologist who is said to trade profitably using the stars. Although there are a variety of methods, the point I am trying to illustrate here is this: there are many ways to profit from the markets. Despite their differences, TECHNO TRADES TRADING SYSTEMS FOR ALL MARKETS MASTER THE ART OF TRADING HIGH ACCURACY MAKE DAILY PROFITS FROM MARKETS THERE IS ONE COMMON ELEMENT AMONGST ALL SUCCESSFUL TRADERS: THE...
Post a Comment
Read more