Shanghai Futures Exchange Warehouse Stocks Weekly
COPPER: DOWN 5279
ALUMINIUM: DOWN 9224
ZINC: UP 497
LEAD: UP 649
RUBBER: UP 73...
Friday, December 27, 2013
You are here:HomeMarket MCX sinks 9% after board asks promoter FTIL to cut stake
1:27 PM
alphaadvisory
Shares of Multi Commodity Exchange (MCX) and Financial Technologies fell
sharply on Friday after the board of MCX asked promoter FTIL to reduce
its stake to 2 per cent, in accordance with the regulator's order.
MCX fell as much as 9 per cent to Rs. 431, while FTIL shares fell 6.67 per cent to a low of Rs. 161.50.
Last week, the Forward Markets Commission (FMC) had issued an order
declaring FTIL and its chief Jignesh Shah unfit to run any exchange,
including the MCX, following a Rs. 5,600 crore payment crisis at group company National Spot Exchange Ltd (NSEL).
The regulator said Shah was the "highest beneficiary of the fraud perpetrated" at NSEL.
The NSEL, which is promoted by FTIL, has been defaulting on payments to
13,000 investors. It plunged into the payment crisis after halting...
Monday, September 30, 2013
10 things to know about the US government shutdown
11:14 AM
alphaadvisory
The BSE Sensex fell over 200 points, while the rupee slipped past the 63 per dollar on Monday amid a political standoff in the US that threatens to slow growth and spook investors worldwide. The Wall Street fell on Friday for the sixth day out of the last seven as nervous investors fretted about whether the government could shut down this week.
Here's your 10-point cheat-sheet on the global development:
Democrats, Republicans in showdown over shutdown: The Republican-controlled House of Representatives on Saturday passed a proposal to delay by a year key parts of President Barack Obama's health care law and repeal a tax on medical devices, in exchange for avoiding a shutdown. The Senate is slated to convene Monday afternoon and Majority Leader Harry Reid has already promised that Democrats...
Wednesday, September 18, 2013
Friday, September 13, 2013
Thursday, September 12, 2013
Wednesday, September 11, 2013
More correction likely in Indian markets in near future: JPMorgan AMC
12:20 PM
alphaadvisory
More correction likely in Indian markets in near future: JPMorgan AMC http://ecoti.ms/fao...
5 psychological traps that can ruin your investments
12:18 PM
alphaadvisory
5 psychological traps that can ruin your investments http://profit.ndtv.com/news/your-money/article-5-psychological-traps-that-can-ruin-your-investments-326995...
Foreign investors buy Rs. 5000 crore worth of shares in 4 days
12:15 PM
alphaadvisory
http://profit.ndtv.com/news/market/article-foreign-investors-buy-rs-5000-crore-worth-of-shares-in-4-days-326994...
Monday, August 26, 2013
Sensex up 144 points in early trade
10:15 AM
alphaadvisory
Mumbai: Continuing its rising streak for the third straight day, the BSE benchmark Sensex today rose 144 points in early trade on expectations that the government would take steps to attract capital flows to fund the current account deficit.
Besides, a firming trend in the Asian region also influenced the trading sentiment.
The 30-share barometer rose 143.77 points, or 0.78 per cent, to 18,663.21 with stocks of capital goods, realty, power and banking sectors leading the rally. The index had gained 613.53 points in the previous two sessions.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 37.10 points, or 0.68 per cent, to 5,508.85.
Brokers said the sentiment buoyed on increased buying by funds as well as retail investors after the Finance Ministry said on Saturday...
Rupee, bonds weaken at open; further falls expected
10:05 AM
alphaadvisory
Mumbai: The rupee on Monday again turned weak and plunged 70 paise to 63.90 against the US dollar in early trade after strong recovery on Friday, due to increased demand for the American currency from importers and some banks.
Dealers said besides increased month-end demand for dollar from importers, dollar's gain against some currencies overseas put pressure on the domestic currency.
However, a higher opening in the domestic equity market, capped the rupee's fall, they said.
The rupee had made a stunning comeback by rising 135 paise to close at 63.20, its second-biggest rise in a decade against the dollar on Friday.
Meanwhile, the BSE benchmark Sensex rose further by 143.77, or 0.78 percent, at 18,663.21 in early trade today....
Wednesday, August 21, 2013
Financial Tech slips 20% as NSEL defaults on payout
10:57 AM
alphaadvisory
NEW DELHI: Financial Technologies (India) Ltd plunged as much as 20 per cent in morning trade after its subsidiary National Spot Exchange (NSEL) defaulted on payments to investors on Tuesday.
The first payout from borrowers on NSEL to 148 broker members, representing 13,000 investors, was unsuccessful with the exchange managing to recover Rs 92.12 crore against the Rs 174.72 crore it was supposed to pay out every week for the next five months beginning August 20.
The total amount due to be paid out is Rs 5574.31 crore over 30 weeks.
At 09:40 a.m.; Financial Technologies recouped some of the morning losses and was trading 6.3 per cent lower at Rs 132.40. It has hit a low of Rs 113.05 and a high of Rs 140 in trade today.
Shares in Multi Commodity Exchange of India, another FT-promoted entity...
Rupee could touch 70 Vs dollar in a month or so
10:56 AM
alphaadvisory
Mumbai: The rupee could touch 70 against the US dollar in a month or so, although some revival is expected in the currency by the end of the year, Deutsche Bank said in a report on Wednesday.
"We continue to believe that fundamentally the rupee is undervalued and has overshot its equilibrium level substantially, but as numerous episodes of past currency crises have amply demonstrated, under a scenario of deep pessimism, currencies can overshoot substantially and remain so for a long time," economists at the bank wrote in the report.
"India, we fear, is entering such a zone".
The partially convertible rupee dropped to a record low of 64.13 per dollar on Tuesday and was trading at 63.38/42 on Wednesday, weaker than its close of 63.25/...
Monday, August 19, 2013
Wednesday, August 14, 2013
Tuesday, August 13, 2013
Monday, August 12, 2013
Thursday, August 8, 2013
Wednesday, August 7, 2013
Oil futures hold mild gain after inventory decline http://on.mktw.net/189iUXS
12:07 PM
alphaadvisory
Infra stocks now going cheaper than a kilo of onions | Business Standard: http://www.business-standard.com/article/markets/infra-stocks-now-going-cheaper-than-a-kilo-of-onions-113080700314_1.html#.UgHlig4HE3c.twitter …
12:05 PM
alphaadvisory
Tuesday, August 6, 2013
Monday, April 8, 2013
Bearish sentiments on Spot Gold; RSI negative
11:55 AM
alphaadvisory
Gold closed sharply higher due to short covering on Friday and the high
range close sets the stage for a steady to higher opening when Monday's
night session begins trading. Stochastics and the RSI remain neutral to
bearish signalling that sideways to lower prices are possible near term.
If it extends this week's decline, the June 2011 low crossing is the
next downside target. Closes above the 20day moving average crossing
would confirm that a short term l...
Spot silver may witness short covering at lower levels
11:54 AM
alphaadvisory
Spot silver may witness short covering at lower levels
April 08, 2013 11:40
Silver closed higher due to short covering on Friday and the high
range close set the stage for a steady to higher opening when Monday's
night session begins trading. Stochastics and the RSI remain neutral to
bearish signalling that sideways to lower prices are possible near term.
If it extends this month's decline, last June's low crossing is the
next downside target. Closes above the 20day moving average crossing are
needed to confirm that a low has been posted....
China Buys 1 Million Tons U.S. Wheat After Price Drops
11:53 AM
alphaadvisory
China, the world’s biggest consumer
of wheat, bought almost 1 million metric tons from the U.S. as
prices slumped 30 percent from a four-year high reached in July,
state-owned researcher grain.gov.cn said. Wheat jumped as much
as 1.4 percent after the news.
The country on April 4 ordered 14 to 16 cargoes of so-
called soft red winter wheat to be shipped from the Gulf of
Mexico in the second half, the Beijing-based researcher wrote in
a report today. Panamax-sized vessels that carry wheat typically
take cargoes weighing about 60,000 tons.
Imports may reach a “relatively high level” in the
2013-2014 marketing year, after reaching a projected 3 million
tons in the current year, according to the report.
U.S. soft red winter wheat, including cost and freight, was
quoted between $325 and...
Tuesday, March 26, 2013
Market Metaphors and Perception
12:40 PM
alphaadvisory
What we perceive is not just a
function of what is out there, but also the lenses that we wear. Many of
our cognitive lenses are so much a part of our thinking that we forget
they are there. We assume that what we’re perceiving is what objectively
exists…but that’s not always the case.
Some of the most powerful lenses are the metaphors that we use in describing markets. Consider the following:
* A trader views the market as an enemy to be conquered;
* A trader approaches the market as a puzzle to be solved;
* A trader sees the market as a paradise of potential riches;
* A trader regards the market as a mistress to be wooed;
* A trader views the market as a dangerous minefield;
* A trader looks at the market as a video game.
How
do these metaphors affect our trading? Our emotional responses...
China February refined Nickel imports up 8% y y at 13 1Kt
12:39 PM
alphaadvisory
Given only modest signs of improving stainless activity and a firmly
shut import arbitrage window (which has been the case since October last
year), there is little from a fundamental perspective to explain either
the m/m variation or overall y/y strength in refined imports seen
during the January-February perio...
Friday, March 22, 2013
Cyprus Plan B: A defining moment for Silver and Gold
10:56 AM
alphaadvisory
LONDON(Commodity Online): Cyprus turmoil—though a
small country it may look to be; too small to be bailed out—has assumed
mammoth proportions. The news reports suggest that Cyprus Parliament
members are poised to vote on a Plan B. The moment is a defining one as
far as silver and gold futures are concerned.
The said plan may include setting up an 'investment solidarity fund'
that would issue bonds on state assets to raise the 5.8bn euros
required. The plan may also see the restructuring of Cyprus banking
sector wherein bad assets would be pooled and good assets collated under
a different head. The Parliament may also enact laws and impose
stringent capital controls so that a capital flight is not seen when
banks open next week.
Meanwhile, the Governing...
Wednesday, March 20, 2013
TRADING SOFTWARE FOR RS. 2,500
5:36 PM
alphaadvisory
TRADING SOFTWARE FOR RS.. 2,500. .WITH 90 % ACCURACY ,AUTO BUY & SELL SIGNALS , ...MORE CONTACT : 82202379...
Friday, March 15, 2013
Thursday, March 14, 2013
DATA TO WATCH 2:30pm EUR ECB Monthly Bulletin Day 1 EUR EU Economic Summit 3:30pm EUR Employment Change q/q 6:00pm USD PPI m/m 6:00pm USD Unemployment Claims 6:00pm USD Current Account 6:30pm USD FOMC Member Raskin Speaks 8:00pm USD Natural Gas Storage 10:30pm USD 30-y Bond Auction
1:16 PM
alphaadvisory
5 THOUGHTS FOR TRADERS - MUST READ
11:02 AM
alphaadvisory
1. We want all trades to be winners. The
foolproof system for trading profits is attractive and the seller of
such systems can be convincing, yet the profits are elusive. The market
could care less about our system, a past trading record, or the trading
record of the one selling the system. You do know that the market’s
attorney requires that the following be posted in a prominent place…like
on our foreheads beside the big L sign!: “Past results are not
indicative of future returns.” By the way, the market says, “you’re
doing it wrong”.
2. We want to add to losers. The
last time I checked the only reason we add to a loser is when the
discussion is about our weight! Get on the scales and add up more
losing pounds! Be...
Wednesday, March 13, 2013
Commodity Momentum: Focus on silver
6:16 PM
alphaadvisory
Our commodity momentum monitor is showing no change from yesterday in
what turned out to be a relatively quiet day. All four metals however
managed to pop higher but so far the follow-through remains elusive with
gold getting stuck ahead of USD 1600/oz and silver running tired before
attempting a test of the late February high at USD 29.45/oz. Silver has
the potential of returning to positive momentum today but it requires
maintaining current levels above 29.
Oil markets, especially WTI crude oil, ticked higher with the
discount to Brent crude narrowing to the lowest level in five weeks.
Apart from new pipeline capacity in the US making it possible to move
more WTI oil from the production area in the central US to Gulf Coast
refineries, the continued easing of the tightening (lower...
LME Base Metals Inventory: Copper +2600, Aluminum -1450, Nickel -270, Lead -1900, Zinc -1125
3:07 PM
alphaadvisory
Tuesday, March 12, 2013
Monday, March 11, 2013
Crude oil prices fall slightly after US government reports surprisingly strong job growth
1:08 PM
alphaadvisory
The price of oil fell Monday after a stronger jobs growth in the U.S.
sparked speculation of an earlier end to the Federal Reserve's loose
monetary policy.
Benchmark oil for April delivery
was down 23 cents to $91.72 a barrel at midday Bangkok time in
electronic trading on the New York Mercantile Exchange.
The
contract rose 39 cents to finish at $91.95 a barrel on Friday after the
U.S. government said employers added 236,000 jobs in February, far
exceeding predictions. The unemployment rate fell to 7.7 percent from
7.9 percent.
While the improved jobs picture bodes
well for growth, analysts said it could also signal an earlier end to
the Federal Reserve's bond-buying program, dubbed quantitative easing,
which has been instrumental in propping...
Three Stages of Trading
10:53 AM
alphaadvisory
These three are mutually inclusive.
Without each working together to create the whole, managing your trading
success will be difficult. Simple really but difficult to manage. But
once managed very difficult to complicate.
ACTION + RESPONSE = COMPLICATED AS IT CAUSES CONFUSION
PREPARATION + ACTION = COMPLICATED AS IT CAUSES DOUBT
PREPARATION + RESPONSE = NOT POSSIBLE WITHOUT TAKING ACTION
PREPARATION + ACTION + RESPONSE = MANAGEABLE SIMPLICI...
Friday, March 8, 2013
Beginners Guide For Indian Stock Market
12:13 PM
alphaadvisory
Stock market is a
market where each and every person want to try his/her own luck and want
to become rich easily and faster. But this is partially true in stock
market, here no one becomes rich easier, but yes they can become rich
faster. There should be various strategies set by the trader or investor
who is going to enter stock market, because without making strategies
first nobody ever had won anything. Most of the people who are going to
trade in stock market dont know anything about that market, but they
just wanna trade or invest to check their luck and destiny and some of
the others want to earn maximum money out of it as much as they can.
Stock Tips is one which helps us to invest in stock market either it's INDIAN
STOCK MARKET or world stock market tips. Today we can...
Thursday, March 7, 2013
Natural Gas analysis: Expects short term rally on 20 day MA crossover
12:17 PM
alphaadvisory
Natural Gas closed lower on Wednesday and the low range close sets the
stage for a steady to lower opening on Thursday. Stochastics and the RSI
are neutral to bullish signalling that sideways to higher prices are
possible near term. If it extends this week rally, January's high
crossing is the next upside target. Closes below the 20day moving
average crossing are needed to confirm that a short term top has been
posted....
US Oil futures to open steady on positive indicators
12:17 PM
alphaadvisory
US Oil closed lower on Wednesday and the midrange close sets the stage
for a steady opening on Thursday. Stochastics and the RSI are bearish
signalling that sideways to lower prices are possible near term. If it
extends this week decline, the 87% retracement level of the
November-February rally crossing is the next downside target. Closes
above the 20day moving average crossing would confirm that a low has
been posted....
Wednesday, March 6, 2013
Tuesday, March 5, 2013
Trading Wisdom
1:27 PM
alphaadvisory
If
we want to be successful as traders it is crucial that we have great
filters. We must filter out all the noise that separates us from the
actual price action. In the end it is just us versus the market. We need
to seek to learn how to trade from others and not look for trades. We
have to play a lone hand because we have our own tolerance for pain, our
own goals, and we should have our own trading plan with a robust
methodology. Others do not know our time frame and we do not know
theirs. Their position sizing may be ten times what ours is.
Before
we trade we should have a watch list, a risk percent per trade, a
methodology, and a trading plan. We should be running our trading like a
business not a casino. Information and opinions can bias our trading.
Be very careful...
Spot Gold Charts: short term low expected on 20 day MA crossover
12:08 PM
alphaadvisory
Gold closed slightly lower on Monday and the low range close sets the
stage for a steady to lower opening when Tuesday's night session begins
trading. Stochastics and the RSI are turning neutral to bearish
signalling that sideways to lower prices are possible near term. If it
extends the decline off last October's high, last May's low crossing is
the next downside target. Closes above the 20day moving average crossing
would confirm that a short term low has been poste...
Spot Silver analysis: Expects 87% retracement level of June-October rally crossover
12:08 PM
alphaadvisory
Silver closed unchanged on Monday. The low range close set the stage for
a steady to lower opening when Tuesday's night session begins trading.
Stochastics and the RSI remain neutral to bearish signalling that
sideways to lower prices are possible near term. If it extends this
month's decline, the 87% retracement level of the June-October rally
crossing is the next downside target. Closes above the 20day moving
average crossing would confirm that a short term low has been posted....
Monday, March 4, 2013
US Oil declines on negative fundamentals, bearish trend
4:47 PM
alphaadvisory
US Oil (WTI) crude continues to fall as investors can no longer avoid
the fundamentals of rising inventories and record production in the U.S.
as the shale boom continues to alter the long term dynamics of the oil
industry. Furthermore, we had data releases late last week that showed
slowing manufacturing in the China and contracting factory output in
both the euro zone and the U.K.WTI traded a range of. Our core
short positions we had entered into just below $97.00 are now in
significant profit. We had taken profit at our initial target of $91.80.
We now expect prices to cascade to below $90 this week. On a break of
$90.00 we will...
Crude Oil Lower in Asian Trading
1:26 PM
alphaadvisory
Crude-oil futures edged lower in Asian trade on Monday after Nymex
tumbled 1.5% Friday on concerns about the $85 billion in U.S. automatic
budget cuts started on Friday.
Bearish macroeconomic data from China on Sunday added to worries.
On
the New York Mercantile Exchange light, sweet crude futures for
delivery in April traded at $90.44 a barrel at 0628 GMT--down $0.24 in
the Globex electronic session. April Brent crude on London's ICE Futures
exchange fell $0.04 to $110.36 a barrel.
China's official
non-manufacturing Purchasing Managers' Index fell on month in February
raising concerns about growth in the world's second-largest economy, a
Singapore-based trader said. "Over more recent days worries about QE
coming to an end in the U.S. and plentiful supply combined with more
bearish...
Gold futures tick higher in Asia trading
1:25 PM
alphaadvisory
SYDNEY (MarketWatch) — Gold futures climbed Monday, almost retaking
losses made in the previous session, as investors rediscovered some of
the precious metal’s safe-haven appeal.
Gold for delivery in April
GCJ3
+0.11%
added $4.50 to trade at $1,576.80 an ounce in Asia electronic trading hours.
Reuters
Gold fell $5.80, or 0.4%,...
China Property Shares Drag CSI 300 Down Most in 2 Years on Curbs
1:25 PM
alphaadvisory
China’s stocks plunged, dragging
down the CSI 300 (SHSZ300) Index by the most in two years, after the
government ordered more measures to cool property prices and
growth in the nation’s services industries slowed.
The CSI 300, representing the nation’s biggest companies in
the Shanghai and Shenzhen stock exchanges, fell 4.6 percent to
2,545.72 at the close, the most since November 2010, while the
Shanghai Composite Index (SHCOMP) slid 3.7 percent to 2,273.40, the most
since August 2011. China Vanke Co., the nation’s largest
property developer, led a gauge of real-estate companies to the
steepest tumble since June 2008. Anhui Conch Cement Co....
Friday, March 1, 2013
10 TIPS FOR TRADERS
11:10 AM
alphaadvisory
1. Bulls make a little. Bears make a little. Pigs get slaughtered In
other words, do not be a greedy trader. If you are a bull, don’t expect
to get in at the bottom and out at the top. If you are a bear, don’t
expect to pick an exact market top and ride a market all the way down to
the lowest low. Thinking otherwise allows the destructive “greed”
emotion to take over. Greed has been the ruin of many traders.
2. Any fool can get into a market, but it’s the real pros that know when to get out Indeed,
market entry is certainly an important element of successful trading.
However, exiting the trade is paramount. Many times a traders will allow
a market to “go against” him or her for way too long and way too
far–meaning big trading losses. See next item.
3. Use protective buy and sell...
Thursday, February 28, 2013
India Budget FY 2013-14: Highlights
12:53 PM
alphaadvisory
--Duty free limit for Gold raised to Rs. 50,000 in case of a male passenger and Rs. 1 lakh for female passengers.
--One-time Amnesty Scheme for service tax due from 2007: FM
--To set aside '9,000 cr as compensation to states for CST: FM
--To impose service tax on all AC restaurants: FM
--Nirbhaya Fund for women safety
--Royalty tax hiked from 10% to 25%.
--Transactions on immovable properties are usually undervalued. This
justifying his move of imposing TDS of 1% on land deals over Rs 50 lakh.
--High-end smart phones to get more expensive.
--SMEs allowed to listed on MSME exchange without making a public offer
--SED on cigarettes hiked by 18%; cigars and cheerots too--Custom duty on imported motor vehicles hiked
--To up import duty on set-top boxes to 10% from 5%
--To...
Investors don't like the Budget. #Sensex down 78 points. #Nifty down 28 points.
12:51 PM
alphaadvisory
India Budget 2013-14: Concerns over CTT, industry worried over likely new taxes
10:59 AM
alphaadvisory
According to Associated Chamber of Commerce and Industry
(ASSOCHAM),"the Indian industry is holding its breath anxious whether it
will face any new taxes at a time when the economy instead needs a
booster dose for growth, an ASSOCHAM quick poll indicated."
“Tax revenues are not likely to show big rise in the wake of modest
economic expansion. The only option before the government is to cut
expenditures to get back to the fiscal discipline over which there are
no choices available,” said the poll report.
Meanwhile the commodity futures industry and the Ministry for Food
and Consumer Affairs have raised concerns over possible announcement of
Commodity Transaction Tax (CTT) on the lines of Security Transaction Tax
(STT) which is likely to cause trade volumes to fall in a yet to mature
...
How to trade in a volatile market on the Budget Day
10:58 AM
alphaadvisory
The downtrend seen in the market in the past one month suggests that traders are bracing for the budget with low expectations.
Geojit BNP Paribas Financial Services Ltd.
BSE
22.70
0.20 (0.89%)
Vol:1083 shares traded
NSE
22.60
0.05 (0.22%)
Vol:17067 shares traded
Prices|Financials|Company Info|Reports
MUMBAI: Volatility in the Indian market is likely to remain high in trade today as Finance Minister P Chidambaram presents the Union Budget and at the same time traders will square off open positions on the last day of February series.
The last two sessions of trade have seen sharp movements on...
Wednesday, February 27, 2013
Shares, euro rebound, Italy bond sale in focus
2:49 PM
alphaadvisory
Reassurance from
the U.S. Federal Reserve about its stimulus program helped stabilize the
euro and European shares on Wednesday, as Italy prepared to test the reaction to its inconclusive election in the bond market.
Italy will auction up to 6.5
billion euros of new 5- and 10-year bonds at around 1000 GMT after
gridlocked elections reignited fears about the euro zone debt crisis.
"Markets
have started to price in risks of ungovernability of the country in the
coming months, with possible domino effects on the rest of the euro
area," said Newedge economist Annalisa Piazza.
"Political
instability is expected to prevail ...and even a grand coalition
government would be seen only as a temporary option, probably not able
to continue the so-much needed reforms process."
Having fallen...
LME Base Metal Inventory : Aluminium +5325, Copper +5975, Lead -150, Nickel +972, Zinc +18125
2:47 PM
alphaadvisory
Dollar slips against euro as Italy fears ease
1:56 PM
alphaadvisory
The dollar eased against the euro on Wednesday
as investors took fears related to the Italian political situation in
stride, and after U.S. Federal Reserve Chairman Ben Bernanke said he
backed the central bank’s asset-purchase program.
The ICE dollar index
DXY
-0.16%
, which measures the greenback’s performance against six major global
currencies, slipped to 81.788 by late afternoon in Tokyo from 81.948 in
North America Wednesday.
...
Euro Rises on Improved German Consumer Confidence
1:35 PM
alphaadvisory
HE
TAKEAWAY: German GFK consumer confidence survey rises to 5.9 for March
-> consumer expectations fall in line with Bundesbank forecast ->
Euro rises
German consumer confidence rose to a four month high
according to the GFK survey released for March. The survey was reported
at 5.9, meeting expectations and up from 5.8 in the February survey.
German business expectations rose to -2.5 in the
February survey, while income expectations dropped to 31.8. GFK said in a
statement that “German consumers anticipate that the economy will
steadily improve in the coming months.”
Following the economic decline in Q4, the Bundesbank
is predicting that the German economy will return to growth in the
current quarter on improved industrial production. The European Union
predicts 0.5%...
Euro at Risk on Italian Bond Sale, Pound Sold Before GDP Data
1:33 PM
alphaadvisory
The Euro may fall as
borrowing costs rise at an Italian bond auction while the British Pound
is under pressure before the release of revised fourth-quarter GDP data.
Talking Points
Euro to Fall on Strong Pickup in Italian Borrowing Costs at Bond Auction
British Pound Under Pressure Before Revised Fourth-Quarter GDP Data
Japanese Yen Resumes Rebound as Nikkei Sinks, Boosting Haven Demand
Italy
remains in focus as Rome prepares to sell €6.5 billion in 5- and
10-year bonds. Traders will keep a close eye on average yield and
bid-to-cover readings, with a marked pickup in borrowing costs and/or a
drop in demand likely to be seen as signs of rising sovereign risk amid
political uncertainty in the wake of the weekend’s election. Needless to
say, such an outcome bodes ill for...
Gas prices may soon head lower
1:32 PM
alphaadvisory
There’s hope on the horizon for drivers. A break in the gasoline price increase should come in April, oil analysts have said.
The
March-April prices at the pump are expected to peak at between $3.80
and $4.10 per gallon before heading back down a few cents.
All of
this comes as wholesale oil prices continue to drop. Crude oil prices
fell about 2.5 percent this past week. That should be good news for
consumers but the pump prices keep going up. The spike comes as refiners
begin to draw down on supplies as they change over from winter to more
expensive summer blends. It’s also the time when refineries shut down
for maintenance.
The average price for a gallon of regular
gasoline in Massachusetts this week is $3.77. In New Hampshire, the
average is $3.74. The national average is $3.78...
Tuesday, February 26, 2013
Gold eyes big gains after Italy deadlock: Analysts said gold already edged up in Asia as uncertainty prevailed
1:10 PM
alphaadvisory
Monday, February 25, 2013
PRECIOUS-Gold bounces on stronger euro; focus on Fed testimony
6:02 PM
alphaadvisory
U.S. gold futures hit session high at $1,592/oz
* Markets eye U.S. Fed's Bernanke semi-annual testimony
(Updates prices, adds comments, changes dateline from
Singapore)
By Clara Denina
LONDON, Feb 25 (Reuters) - Gold rose on Monday, as rallying
stock markets and a broadly lower dollar helped the metal recoup
some of last week's losses, but investors were cautious ahead of
Fed Chairman Ben Bernanke's testimony to Congress later this
week.
Analysts said the market was
also finding background support from a downgrade of Britain's credit
rating by Moody's and signs that Japan would continue with ultra easy monetary policy.
Spot gold rose 0.7 percent to $1,592 by 1121 GMT. It
hit a seven-month low of $1,554.49 on Thursday after minutes
from the U.S. Federal Reserve's last meeting triggered...
Friday, February 22, 2013
Asian shares recover from steep loss, growth worry caps
10:53 AM
alphaadvisory
Asian shares
clawed back some of the previous day's steep losses on Friday as
investors took some comfort in the Federal Reserve's commitment to
ultra-soft monetary policy for now, but weak U.S. and European data
capped prices.
Worries about the global
economic outlook lifted spot gold 0.3 percent to $1,581.40 an ounce,
while sluggish data underscoring the need for the Fed's continued
monetary stimulus pushed the dollar down 0.2 percent and away from a
5-1/2-month high against a basket of currencies .DXY seen on Thursday.
The
euro inched up 0.1 percent to $1.3197 after falling to a six-week low
of $1.31615 on Thursday, and was trading up 0.1 percent to 122.85 yen
after hitting a three-week trough of 122.25 yen on Thursday.
Most
risk assets slid to 2013 lows on Thursday, in part...
Posts
