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Wednesday 14 August 2013

TODAY COMMODITY MARKET STRATEGY

            (...................(Dear All)......................)


BASE METAL WRAP:

Copper swung between gains and losses as investors
weighed the outlook of the U.S. Federal Reserve’s
stimulus policy against recent signs of recovery in
economies from the U.S. to China.

ENERGY WRAP:

West Texas Intermediate snapped a three-day rising
streak after an industry report showed fuel stockpiles
increased in the U.S., the world’s biggest oil consumer.
Brent fell from the highest close since April.

PRECIOUS METAL WRAP:

The third increase in import taxes on gold this year by
India, the world’s biggest user, is set to boost smuggling
ahead of the festival and wedding seasons as official
imports halt on central bank curbs, a trade group said.

GLOBAL EVENTS TO WATCH:

Retail Sales q/q, German Prelim GDP q/q, Claimant Count
Change, MPC Asset Purchase Facility Votes, MPC Official
Bank Rate Votes, Flash GDP q/q, PPI m/m, Core PPI m/m,
Crude Oil Inventories, FOMC Member Bullard Speaks

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