Monday, October 31, 2011

Traders will turn their focus this week on FOMC's rate decision where some believe Fed could embark on another round of quantitative easing.
Positive GDP data from US along with easing worries over Europe's debt crisis acted as a positive factor for base metals.
-sQuareindia.com
European leaders are focusing more on China and IMF for the help rather than convincing each and every member of G20.
-sQuareindia Advisory

Saturday, October 29, 2011

Analysis: Gold may target $1794-$1836 resistance on back of weak European economic data & a lower French GDP forecast.
-SriPadma.com

Friday, October 28, 2011

Newmont Mining Corp beat Wall Street's earnings estimates benefiting from a 39% jump in its average selling price for the Precious metal.
Gold trading lower today morning trade after a strong US Q3 GDP eased investor concerns of US slipping into a double-dip recession.
U.S. economy shows 2.5 percent growth. http://ping.fm/kAZkt

Thursday, October 27, 2011

Euro zone leaders struck a deal with private banks and insurers Today for them to accept a 50% loss on their Greek government bonds.
Today's Economic Data:
"Unemployment Claims"
Actual:402K
Forecast:400K
Previous:403K
*Data Negative for Dollar
www.SriPadma.com
5.4 quake shakes southeastern Turkey http://ow.ly/7arQo
Join in http://ping.fm/OZR06
Euro zone strikes deal on second Greek package, agrees to scale up bailout fund http://ow.ly/7amgu
Food inflation rises to 11.43% for the week ended Oct 15.
-sQuareindia Advisory Pvt. Ltd.

Wednesday, October 26, 2011

US durable goods beat forecasts http://ping.fm/lViIV
"Festival of Lights" let us take pledge to avoid crackers, avoid air & Noise pollution.!
"HAPPY DIWALI"
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Tuesday, October 25, 2011

Gold trades with a $1700 handle for the first time in 6-weeks.
-sQuareindia Advisory Pvt. Ltd.
Copper rallies 7% on Chinese manufacturing report.
-sQuareindia Advisory Pvt. Ltd.
Commodities Snapshot: Oversold For Now, Dollar Holds The Key http://bit.ly/tznobC

Monday, October 24, 2011

Sunday, October 23, 2011

Saturday, October 22, 2011

Bank lobbying head says banks, euro zone nowhere near deal to cut Greek debt http://ping.fm/OMG6g
-sQuareindia Advisory Pvt. Ltd.
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Libyan official says elections coming soon. http://ping.fm/acq3v
Dow and S&P climb more than 1%, but Nasdaq dips 1.4%.
-sQuareindia Advisory Pvt. Ltd.
Dow up 267 points at close after rallying late on word of progress in Euro-debt negotiations.
-sQuareindia Advisory Pvt. Ltd.

Friday, October 21, 2011

BREAKING: White House official: Obama to announce complete troop withdrawal from Iraq by year's end.
-sQuareindia Advisory Pvt. Ltd.
President Obama is expected to announce at 12:45 p.m. ET that all U.S. troops will exit Iraq by the end of December, concluding the war.
Wall St. Opens higher ahead of euro summit.
-sQuareindia Advisory Pvt. Ltd.
NYMEX PALLADIUM RISES 6%, HEADS FOR BIGGEST GAIN SINCE NOV '10 -BLOOMBERG
European leaders confirmed that they will meet multiple times over the next week to approve a key plan to resolve Europe's debt crisis.
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Asian markets cautious ahead of Europe summit http://ping.fm/xU0qj
Rupee hits Rs.50/$ for the first time since April 2009 http://ping.fm/pj0Ek

Thursday, October 20, 2011

Libyan doctor who traveled with Gadhafi's body says he died of 2 bullet wounds to the chest: "The tyranny is gone." -EF
Breaking: NTC to announce liberation of Libya by Friday. Gaddafi's one son dead, another being surrounded.
-sQuareindia Advisory Pvt. Ltd.
US Philly Fed index rebounded to 8.7 in Oct, well above market expectations of -9.0, vs -17.5 Sep.
FLASH: Libyan Prime Minister Jibril confirms that Muammar Gaddafi is dead http://bit.ly/rhnS55
U.S. stocks pressured at open as media reports cast doubt on weekend euro-zone summit http://ping.fm/rEW07
Flash nEws:Former Libyan leader Muammar Gaddafi died of wounds suffered in his capture near his hometown of Sirte on Thursday.
-SriPadma.com
Trend Line:
#Gold Down(-3.95) due to Strengthening of US Dollar
#Gold Down(-19.85) due to Predominant Sellers
#Finally Gold Losses-23.80$
RBI warns of another global financial crisis; liquidity a concern.
-sQuareindia Advisory Pvt. Ltd.
Sensex opens 1.1% lower; Tata Motors, ICICI, RIL down
-sQuareindia Advisory Pvt. Ltd.
Sensex opens on a low notes, Bajaj Auto in focus http://ping.fm/4LRl5
Japan Considering $13B Bond Sale: Officials http://ping.fm/MxuFK
Asian stocks down as Europe debt crisis festers.
-sQuareindia Advisory Pvt. Ltd.
Stocks finish lower after Fed report on economy disappoints investors. Dow slides 71 points, Nasdaq tumbles 2%, S&P dips 1.3%.
-sQuareindia
Millionaires now control 38.5% of the world’s wealth, up from 35.6% last year http://on.wsj.com/oZhlIJ
Europe Will Bring US Stocks And Precious Metals Down http://ow.ly/1fdtwc
Comex Gold Falls As Dollar Steadies -Wall Street Journal http://ow.ly/1fdtwa
US economy faces slow growth, Fed says http://ping.fm/MvUBM
EU bank recapitalization may see shortfall of under €100B -CNBC-TV
US Stocks Retreat as Financial Shares Drop, Euro Erases Gain. http://bit.ly/naZxVk

Wednesday, October 19, 2011

Today's Economic Data:
"Core CPI m/m"
Actual:0.1%
Forecast:0.2%
Previous:0.2%
*Data Negative for Dollar
www.SriPadma.com
U.S. Stock-Index Futures Climb on Europe http://ping.fm/FGgye
Today's Economic Data:
"Building Permits"
Actual:0.59M
Forecast:0.61M
Previous:0.63M
*Data Negative for Dollar
www.SriPadma.com
Gold Supported at 144 DMA and by Negative Real Interest Rates in US.
-sQuareindia Advisory Pvt. Ltd.
Comex Dec gold trades near steady in early US dealings. Weaker US DX is bullish for gold, but EU debt crisis uncertainty limiting buying.
Morgan Stanley posts increased quarterly profit of $2.2 billion; investment banking revenue declines 16%.
Stocks and euro advance on EU rescue hopes http://ping.fm/ixgbK
Stocks and euro advance on EU rescue hopes http://ping.fm/a6dE8
Stocks and euro advance on EU rescue hopes http://ping.fm/LMSoM
European commodities markets eye new regulations http://tinyurl.com/3d6re2e
World stocks rise on Europe debt plan hopes.
-sQuareindia Advisory Pvt. Ltd.
US alert for India holiday season http://ping.fm/hp2FZ
Gold prices held steady Today shrugged off the downgrade of Spain's sovereign credit rating as investors wait for clarity on Europe's plans.
Comex Gold Ends Lower But Up From Sharp Losses Seen Earlier http://bit.ly/p0adp6

Tuesday, October 18, 2011

Today's Economic Data:
"TIC Long-Term Purchases"
Actual:57.9B
Forecast:27.8B
Previous:9.5B
*Data Positive for Dollar
www.SriPadma.com
Today''s Economic Data:
"PPI m/m"
Actual:0.8%
Forecast:0.2%
Previous:0.0%
*Data Positive for Dollar
www.SriPadma.com
Bank of America reports $6.2 billion profit http://bit.ly/ozAHHL
Clinton in unannounced Libya trip http://ping.fm/GV3P0
Analysis: Gold $1632 acting as a reasonably Good support. However in the event of a breakout to downside, Support is not expected to hold.
France Risks Losing Top Grade on Bailout Fund http://ping.fm/lOhdl

Sunday, October 16, 2011

Saturday, October 15, 2011

25 Analysts Survey about Next Week Gold:
21 Forecast Rise
3 Said Fall
1 Member Neutral
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Friday, October 14, 2011

U.S. Michigan Consumer Sentiment Index Fell to 57.5 in Oct from 59.4
-sQuareindia Advisory Pvt. Ltd.
Wall Street opens higher on euro zone optimism.
-sQuareindia Advisory Pvt. Ltd.
US business inventories +0.5%, just above market expectations of +0.4%; sales +0.3%.
Dow poised for longest weekly gain since April http://ping.fm/4BceS
Indian Rupee is expected to trade with a depreciation bias on account of weak sentiments in the global markets.
-sQuareindia Advisory PvtLtd
India Rupee may edge lower on dollar strength http://bit.ly/rgyveZ
Critical review of the RTI Act needed: PM http://ping.fm/OvI5I
Singapore slashes growth forecast http://ping.fm/oueXe
Nifty may rally 20% over the next 12 months: RBS http://ow.ly/6X1T8
Sensex volatile; metals banks down, IT FMCG gain http://ow.ly/1f89e5
Asia shares edge lower on caution over global growth http://ping.fm/9RUGl
FLASH: Quake magnitude 6.8 strikes Papua New Guinea, 62 miles east of Lae
-USGS

Thursday, October 13, 2011

Today's Economic Data:
"Unemployment Claims"
Actual:404K
Forecast:406K
Previous:405K
*Data Positive for Dollar
www.SriPadma.com
08922222222
IMF cuts growth forecast for Asia http://ping.fm/z7kcb
Food inflation marginally falls from 9.41% to 9.32%
-sQuareindia Advisory Pvt. Ltd.
IMF says China has scope to respond to global risks http://ping.fm/KlQxv
Indian Rupee is expected to trade with an appreciation bias today taking cues from positive sentiments in global markets.
-sQuareindia.com
Chinese trade growth slows significantly http://ping.fm/g77Od
Sensex opens 0.6% higher; Infosys, HDFC Bank, ICICI Bank up http://ow.ly/6VNrH
Asia Stocks Rise on Europe Plan. http://ping.fm/Y824S
FLASH: Earthquake of 6.2 magnitude strikes off Indonesia's Bali
-U.S. geological survey

Monday, October 10, 2011

Recent rally is a good opportunity to sell crude, which is facing resistance around 84 levels and can come to 80-76 levels on downside.
Recent rally is a good opportunity to sell crude, which is facing resistance around 84 levels and can come to 77-76 levels on downside.
Germany, France reach agreement on Europe's banks http://bit.ly/qc3APv

Sunday, October 9, 2011

Saturday, October 8, 2011

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-SriPadma.com

Friday, October 7, 2011

Hong Kong stocks rise, with exporters and many banks gaining; Hang Seng Index up 2%s