Tuesday, 22 May 2012

COMMODITY UPDATE : 22-May-2012

CRUDE OIL
Brent crude rose 29 cents to USD 109.10 a barrel, with the oil market also awaiting the result of a meeting on Iran's nuclear programmer. key commodities such as oil and copper gained for a second day on Tuesday on speculation that European leaders would agree on fresh action to tackle the region's debt crisis, and on reports China plans measures to boost sagging growth.

GOLD
Gold has potential to rise again .According to the German bank, market participants viewed lower prices as a buying opportunity last week and also pointed out that the world’s largest gold exchange-traded fund, SPDR Gold Shares, had inflows of 6.3 metric tons over the past two trading days.

SILVER
Silver likely to reach new highs in this year as global mining production strains amid increased demand  as industrial demand and investor support continued to be strong.

COPPER
Copper, which fell to a four-month low below USD 7,500 a tonne last week, climbed 0.5% to USD 7,766 a tonne on Tuesday. key commodities such as oil and copper gained for a second day on Tuesday on speculation that European leaders would agree on fresh action to tackle the region's debt crisis, and on reports China plans measures to boost sagging growth. 




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CURRENCY UPDATE : 22-May-2012


DOLLAR
The US dollar index (DXY) was little changed overnight, remaining in a downward correction.  USD/JPY was stuck between 79.20 and 79.45.AUD initially ranged sideways but broke above 0.9884 resistance to 0.9908 in NY. Outperformer NZDrose from 0.7562 to 0.7647 in NY. AUD/NZD fell from 1.3000 to 1.2950.

EURO
EURO bounced from 1.2725 to 1.2809 during the NY session.



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GLOBAL MARKET UPDATE : 22-May-2012

ASIAN STOCKS MARKET
After a three-week selloff in financial markets, measures of risk show investors in Asia are assuming a return to stability, and with a level of confidence that could be horribly misplaced. Fitch Ratings has downgraded Japan's sovereign debt rating to A+ from AA and with a negative outlook, as the country struggles to push through much-needed tax hikes to rein in its huge public debt.

U.S.STOCK MARKET
shares of Nasdaq rose 3.6% Monday to close at USD 22.78, outpacing the Nasdaq 100 index, even as shares of Facebook tumbled 11% to close at USD 34.03, well below the USD 38 IPO price. Nasdaq shares tumbled more than 4% on Friday.

EUROPEAN MARKET
The FTSE Eurofirst index of top European shares was up 1% at 984.29 points in early trade, extending a recovery from five-month lows hit on Monday, with miners such as Rio Tinto and BHP Billiton leading the gains.

U.S.TREASURIES
US 10yr treasury yields are 2bp higher at 1.74%, earlier as high as 1.77%. Fed member Lockhart said Operation Twist would probably end in June as scheduled and thought QE3 was not currently need but didn’t rule it out in future. Australian 3yr bond yields are 2bp higher.



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Monday, 21 May 2012

Commodity Tips and updates... 22-May-2012



Commodity Markets: Gold - Silver -Crude-Copper -Nickle

Commodity updates: 22-May-2012
 



Crude oil has ended up with the business. 5137 on MCX crude oil per barrel level. Meanwhile, crude oil price of 93 dollars per barrel in Naimaks has been exceeded.
Rs 29,000 is made up of gold in the domestic market.Comaks has seen a slowdown in gold. Domestic and international market in silver is a strong light.
Copper seems to fall apart all the base metals. Zinc, lead, nickel, 0.25 per cent in weakness.
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Stock Tips 22-May-2012


Nifty Updates On : 21-May-2012

Nifty Technical Levels : 22-May 2012
Stocks to buy : 22-May 2012

BSE SENSEX and NIFTY traded in a volatile session on MONDAY, shed all the gains in late trading hours, ended almost flat as rupee slips near to its all time low. Indian rupee depreciated by 43 paise or 0.78 percent on the session at 54.85 against the DOLLAR and got near to its all time low of 54.89 at the closing time of equity market. State Bank of India, Reliance industries, L&T and ICICI Bank helped the market to move upside but fall in ITC Cigarette, Infosys, HDFC Bank capped the gains.

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METALS UPDATE 21-May-2012

CRUDEOIL
Oil prices recovered on Monday, with U.S. crude up 0.5 percent at $91.90 a barrel, after falling more than 1 percent on Friday. Brent crude, which closed at its lowest in 2012 on Friday, rose 0.7 percent at $107.89 a barrel.

GOLD
With a steadying euro, spot gold added 0.4 percent to $1,598.46 an ounce, after rising more than 1 percent on Friday.

SILVER
Silver likely to reach new highs in this year as global mining production strains amid increased demand. World Silver Survey by GFMS, global mining production (supply) for silver only saw a 1.4% increase throughout 2011; although industrial demand and investor support continued to be strong.

COPPER
Copper peeked above four-month lows on Friday on short-covering and signs that Greeks are warming to pro-austerity parties, allaying some fears the country could leave the Euro zone.


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CURRENCY UPDATE 21-may-2012

DOLLAR
Dollar Stumbles But Doesn’t Break Trend Into Week End. Dollar demand from corporates and oil firms also hurt the Indian currency. Traders are closely watching for any intervention by the Reserve Bank of India. On account of the declining US bond yields, India Forex Advisors sees the dollar index above the 81 levels and in the hope of some support from the Indian government.

EURO
The euro inched up 0.1 percent to $1.2793, moving away from a four-month low of $1.2642 reached on Friday, which was not far from its trough of 2012.



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