Lead Trading – Lead Buy Call b9c given at price 146.90 Achieved 1st target 147.90. CMP 148.45. Total profit of 1.55 Points per lotb9c : Lead Calls - BUY Mcx Lead Jul at CMP 146.90 for Target 147.90 - 148.80 with SL below price 145.50 Read More
Once again concerns about the escalation of the current trade dispute becoming a global trade war have raised and ratcheted up the uncertainty factor which has created a stronger dollar. However, much more importantly it has motivated traders to accumulate long positions in gold. Gold futures basis the most active August contract is currently trading at $1,246.70, is a net gain of $2.20 on the day...Read More
Once again concerns about the escalation of the current trade dispute becoming a global trade war have raised and ratcheted up the uncertainty factor which has created a stronger dollar. However, much more importantly it has motivated traders to accumulate long positions in gold. Gold futures basis the most active August contract is currently trading at $1,246.70, is a net gain of $2.20 on the day...Read More
World Market Economical Data : 12/07/2018Unemployment Claims: Prior 231K Exptd 226K Actual 214K >>Negative for BullionsCPI m/m: Prior 0.2% Exptd 0.2% Actual 0.1% Core CPI m/m: Prior 0.2% Exptd 0.2% Actual 0.2% >> Negative for base metals Read More
Off the back of its recent acquisition of Perth-based subsurface data logging company Surtech Systems, METS company Qteq has already won the first of many expected contracts to provide borehole data using new innovative measurement sensors and systems.The contract for environmental logging in the Northern Territory, will use Qteq's patented BMR (Borehole Magnetic Resonance) technology to provide r...Read More
The Dow and S&P rallied, tooStocks spent the whole day in positive territory, with surging tech shares driving markets higher. In fact, the Nasdaq hit a fresh record high on the back of a big Amazon rally. The buying power extended to the Dow and S&P 500, too, where strong sessions for Apple and Cisco powered the indexes to impressive gains -- ultimately pushing the S&P past a key technical level...Read More
NEW YORK (Reuters) - The U.S. dollar held steady at a six-month high against the Japanese yen and a two-month high against the Swiss franc on Thursday, bolstered by solid inflation data and investor sentiment that the greenback stands to benefit from a trade war.The yen and the Swiss franc are favoured as safe-haven investments. But against the dollar, both have weakened in the past week as trade...Read More
NEW YORK (Reuters) - A decade on big U.S. banks are still running down and selling off crisis-era mortgages, a process executives point to as weighing on loan growth.Eager to see a turning point in loan books, analysts count these portfolios as one factor, along with home equity loan runoff and new mortgage demand, to watch for when deciphering the true loan growth picture as U.S. second-quarter b...Read More
NEW YORK (Reuters) - The U.S. dollar held steady at a six-month high against the Japanese yen and a two-month high against the Swiss franc on Thursday, bolstered by solid inflation data and investor sentiment that the greenback stands to benefit from a trade war.The yen and the Swiss franc are favoured as safe-haven investments. But against the dollar, both have weakened in the past week as trade...Read More
Lead Calls – BUY Mcx Lead Jul at CMP 146.90 for Target 147.90 – 148.80 with SL below price 145.50 Read More
"Brief note from @Roskill_Info on processing laterite ores into #nickel sulphate. Roskill reckons an incentive price of $20,000/t to meet the supply gap in nickel https://t.co/I7bC2xFVkO"Read full newsRead More
Zinc Today Level – Zinc BUY Call b95 given at price 175.50 Achieved 1st target 178. CMP 178.20. Total profit of 2.7 Points / Rs 13500 per lotTIPS ID b95 : Mcx Zinc Carry Call - BUY Zinc at CMP 175.50 Add more at price 174 with SL 173 for Target 178 - 179.20 Read More
Getty ImagesThe rate of consumer inflation in the past 12 months rose in June to the highest level in more than six years. The numbers: Consumer prices rose in June at the highest yearly rate since 2012, reflecting a U.S. economy that's running hotter than anytime since the Great Recession. The increase in the cost of living rose to a 12-month pace of 2.9% from 2.8%, marking the highest level in...Read More
SANTIAGO, July 11 (Reuters) - BHP Billiton Plc handed in a proposal for a new labor contract to the union at its Escondida copper mine in Chile that includes a salary readjustment linked to inflation and a $23,000 bonus per worker, the company said on Wednesday.The offer falls short of fulfilling some of the demands laid out by the union previously.In its proposal in early June, the union asked fo...Read More
WASHINGTON (Reuters) - Republican and Democratic U.S. senators said on Thursday they want the government to reinstate penalties on ZTE Corp, despite a Trump administration agreement paving the way for an end of a ban on the Chinese telecommunications company.Republican Senators Marco Rubio, Tom Cotton and Roy Blunt and Democrats Chris Van Hollen, Mark Warner and Bill Nelson told leaders of the arm...Read More
BRUSSELS (Reuters) - Euro zone finance ministers gave their green light on Thursday to Bulgaria’s bid to join the bloc’s banking union, a step towards the Balkan state’s adoption of the euro, they said in a statement.Bulgaria meets the nominal criteria to adopt the common currency, with low inflation, healthy public finances and its lev currency already pegged to the euro.But it...Read More
Plus, Fed Chair Jerome Powell heads to Capitol HillAlthough we're smack in the middle of the dog days of summer, there's plenty of action to keep Wall Street on its toes next week. In addition to a highly anticipated summit between U.S. President Donald Trump and Russian President Vladimir Putin on Monday, Fed Chair Jerome Powell will head to Capitol Hill on Tuesday for his two-day congressional t...Read More
WASHINGTON (Reuters) - The United States and China could reopen talks on trade but only if Beijing is willing to make significant changes, U.S. Treasury Secretary Steven Mnuchin said on Thursday.“I would say to the extent that the Chinese want to make serious efforts to make structural changes, I and the administration are available any time to discuss those,” Mnuchin said during a hea...Read More
(Reuters) - The Trump administration said on Thursday it had reunited all eligible young migrant children with their parents after they had been separated when crossing the U.S.-Mexico border, two days after a court-imposed deadline.But nearly half - 46 of the 103 children under the age of 5 who were placed in government care - remain separated because of safety concerns, the deportation of their...Read More
JAKARTA/TORONTO, July 12 (Reuters) - Freeport-McMoRan Inc said on Thursday it will sell a majority stake in the world's second-biggest copper mine to the Indonesian government, seemingly ending a long-running dispute via a series of complex deals worth $3.85 billion.The agreement, which could still collapse, will see Freeport give up majority control but remain the operator of the Grasberg mine, l...Read More