6/21/2012 09:55:00 AM
Your Advisor
Crude Updates
MCX Crude Oil dump by 2.23% and closed at 4645. World oil prices plunged more than 3 percent to their lowest in a year and a half o n Wednesday as data showed U.S. crude inventories unexpectedly swelled and the Federal Reserve offered only faint measures to aid the economy.
Oil, equities and other risky assets vacillated after the Fed statement, first falling on the absence of more aggressive easing measures before rallying on hope that an extension of Operation Twist -- an effort to depress borrowing costs by selling short-term bonds to buy longer-dated ones -- might help.
But within an hour most markets were back to their pre-Fed levels, with oil traders focusing on signs that the euro zone debt crisis and lackluster growth in the U.S. economy are exacerbating a growing surplus of stockpiled oil.
Metals Commodity
In Metals both precious metals shows some up trend, Gold & Silver both were trade on up side & finally settled in plus by 0.23%. Today Mix trend may seems for all base & precious metals.
Commodity Updates
GOLD BELOW $1620/OZ; FED MEETING EYED.
BRENT OIL SLIPS, EUROPE WORRIES WEIGH.
COPPER SLIPS ON EURO ZONE DEBT CAUTION, FED POLICY EYED.
DOMESTIC OIL AND OILSEED TRADE UP ON GLOBAL CUES.
Commodity Live Data
MCX Crude Oil dump by 2.23% and closed at 4645. World oil prices plunged more than 3 percent to their lowest in a year and a half o n Wednesday as data showed U.S. crude inventories unexpectedly swelled and the Federal Reserve offered only faint measures to aid the economy.
Oil, equities and other risky assets vacillated after the Fed statement, first falling on the absence of more aggressive easing measures before rallying on hope that an extension of Operation Twist -- an effort to depress borrowing costs by selling short-term bonds to buy longer-dated ones -- might help.
But within an hour most markets were back to their pre-Fed levels, with oil traders focusing on signs that the euro zone debt crisis and lackluster growth in the U.S. economy are exacerbating a growing surplus of stockpiled oil.
Metals Commodity
In Metals both precious metals shows some up trend, Gold & Silver both were trade on up side & finally settled in plus by 0.23%. Today Mix trend may seems for all base & precious metals.
Commodity Updates
GOLD BELOW $1620/OZ; FED MEETING EYED.
BRENT OIL SLIPS, EUROPE WORRIES WEIGH.
COPPER SLIPS ON EURO ZONE DEBT CAUTION, FED POLICY EYED.
DOMESTIC OIL AND OILSEED TRADE UP ON GLOBAL CUES.
Commodity Live Data
|
Date
|
Time
|
Currency |
Economic
Data |
Forecast
|
Previous
|
|
THU
21ST
JUNE
2012
|
6:00pm
|
|
Unemployment Claims
|
381K
|
386K
|
|
6:30pm
|
|
Flash Manufacturing PMI
|
53.4
|
54.0
|
|
|
7:30pm
|
|
Existing Home Sales
|
4.58M
|
4.62M
|
|
|
7:30pm
|
|
Philly Fed Manufacturing Index
|
0.7
|
-5.8
|
|
|
7:30pm
|
|
CB Leading Index m/m
|
0.2%
|
-0.1%
|
|
|
7:30pm
|
|
HPI m/m
|
0.5%
|
1.8%
|
|
|
8:00pm
|
|
Natural Gas Storage
|
64B
|
67B
|
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