Today's Economic Data:
"Unemployment Claims"
Actual:398K
Forecast:413K
Previous:422K
*Data Positive for Dollar
www.SriPadma.com

Gold Hits New High As Equities Tank On Debt Ceiling Stalemate.
-sQuareindia Advisory Pvt. Ltd.

"Crude prices are likely to fall further on profit booking in short term and may touch 95-93 levels"
-sQuareindia Advisory Pvt. Ltd.

Oil hovers above $98 as US debt deadline looms http://ping.fm/gAfEB

Nikkei holds gains around 10,000 before EU summit http://ping.fm/khSvN

Fed slaps Wells Fargo with record $85M fine. http://bit.ly/oAiJf1

Analysis: Crude Oil sustaining below short term moving averages & suggesting that prices may remain lower for the coming day also.

Launching www.LiveMarketRates.com for Comex, Nymex, Forex, NSE, BSE, Dowjones, Nasdaq, MCX, NCDEX & Local Bullion Market Rates.

Terrorists move to Skype, frustrate eavesdroppers http://ping.fm/uLFIn

Fed could keep rates low "much longer" http://ping.fm/dWNwb

Libya says Gaddafi govt held talks with US http://ping.fm/5zlf4

Launching www.LiveMarketRates.com for Comex, Nymex, Forex, NSE, BSE, Dowjones, Nasdaq, MCX, NCDEX & Local Bullion Market Rates
-SriPadma.com

China Raises Rare Earth Export Quota, EU Not Satisfied http://bit.ly/mOVDlE

Comex Gold Hits Another Record High amid European, U.S. Debt Concerns http://bit.ly/nXy3j5

South Korea sells Brazilian Oil leases http://bit.ly/oUCb17

"Wall Street extends losses; Nasdaq down 1%"
-sQuareindia Advisory Pvt. Ltd.

Today's Economic Data:
"Retail Sales m/m"
Actual:0.1%
Forecast:-0.1%
Previous:-0.2%
*Data Positive for Dollar
www.SriPadma.com

Today's Economic Data:
"Unemployment Claims"
Actual:405K
Forecast:413K
Previous:418K
*Data Positive for Dollar
www.sQuareindia.com

"Mexico's leading Miner Fresnillo expect to produce 50,000 ounces of Gold & 10 million ounces of Silver from its new Saucito mine by 2013"

IEA says oil demand will rise by 1.5 mln barrels a day in 2012. The body stands by its decision to release oil and says the emergency sale added liquidity and flexibility to the market. it warns on OPEC output capacity.

Fed officials believe further monetary policy easing could be needed if recovery remains too sluggish to cut stubbornly high US jobless rate

Crude oil rallied more than 1% traded above $97 paring previous losses on bullish inventory data expectation supported by weaker dollar.

Analysis: Global Gold mining supply would kick in strongly from around 2014. Gold may hit $ 4,869/oz in 2020.
-sQuareindia.com
09333333333

Obama says cannot guarantee social security checks will go out August 3 if debt ceiling issue not resolved -CBS interview

Obama says cannot guarantee social security checks will go out August 3 if debt ceiling issue not resolved -CBS interview

The fate of the Italian bond-market is crucial to euro's future. http://bit.ly/raptlV

"Euro Falls to Four-Month Low"
-sQuareindia Advisory Pvt. Ltd.

EIA says Oil price outlook remains "uncertain"
-sQuareindia Advisory Pvt. Ltd.

Today's Economic Data:
"Trade Balance"
Actual: -50.2B
Forecast: -44.1B
Previous: -43.7B
*Data Positive for Dollar
-sQuareindia.com

Euro hit record low against Swiss franc as doubts lingered even European financial officials offered steps to tackle sovereign debt problems

Fed Can Manipulate Markets, But Can't Reverse Economy http://bit.ly/rl7H2p

Gold Up, Silver Stumbles On Debt Woes & China's Inflation Signals http://bit.ly/opJKVM

"Rising dollar put pressure on Crude Oil and helping boost Gold & Silver"
-sQuareindia Advisory Pvt. Ltd.
www.sQuareindia.com

Fed on Hold Longest Since 1940s http://ping.fm/yLkXt

"Russia Sells Gold as World Prices Rise" http://ping.fm/rptZp
-sQuareindia Advisory Pvt. Ltd.
Dial: 9333333333

*S&P futures down 1.1% on the disappointing jobs report.
*Oil is down $2 a barrel.
*Gold is up $10 an ounce.
-sQuareindia Advisory Pvt. Ltd.

Today's Economic Data:
"Non-Farm Employment Change"
Actual:18K
Forecast:97K
Previous:54K
*Data Negative for Dollar
-SriPadma.com
08922222222

Investors awaited key US non-farm payrolls data later in the global trading day for signs of economic recovery.

Canadian Dollar Surge on Positive Employment Data.

Gold Prices Soften as Silver Miners Move Higher on EU Rate Hike http://bit.ly/nsVagj

Today's Economic Data:
"ISM Non-Manufacturing PMI"
Actual:53.3
Forecast:53.9
Previous:54.6
*Data Negative for Dollar

Oil Drops on China Rate Hike.
-sQuareindia Advisory Pvt. Ltd.

Euro Hit by Global Market Concerns http://ping.fm/ahTw7

Market will maintain its bearish slant while the metal holds below $1,518 but will shift neutral on a close back above level.
-sQuareindia

China's central bank raises interest rates http://ping.fm/Xnjh7

World stocks lower as investors focus on Europe http://ow.ly/1dDVCx

Lakshmi Mittal plans mega-mine to get iron ore in the Arctic Circle.
-sQuareindia Advisory Pvt. Ltd.
www.sQuareindia.com

Base metals are expected to come under pressure on account of a stronger dollar coupled with increasing concerns over Euro Zone debt crisis.

Investors watching ongoing strike in Freeport McMoran's Indonesia mine as well as threat of a strike in South Africa's main Gold mines.

Nikkei ends above 10,000, highest since March 11.
-sQuareindia Advisory Pvt. Ltd.

Sensex choppy; Sesa Goa, Bharti, DLF, Cairn up: Benchmarks were witnessing a sluggish session due to lack of buy...

Asian Stocks Rise as Hyundai Heavy Jumps; Chinese Banks Plunge: Asian stocks rose, reversing earlier declines.. http://ping.fm/51KFd

Japan's Nikkei at post-quake high http://ping.fm/kGoXl

Former IMF chief Dominique Strauss-Kahn, accused of charges of sexual assault, released from house arrest by a New York court.

Base metals might find profit taking pressure in today's session, Greek austerity vote & also fall in US job claims supporting the gains.