09:41
MCX Tips
Today MCX Gold edged down on Tuesday as equities gave up some of the gains driven by enthusiasm over a weekend victory for pro-bailout parties in Greek elections, and investors shifted their focus to a policy meeting by the US Federal Reserve. More Information about stock trading tips visit my site stock-trade-tips.blogspot.com
Stock Traders are looking for suggestions for another circular of quantitative reducing (QE) in the Combined Declares when the Government Start Industry Panel produces a plan declaration at the end of its two-day conference on Thursday.
Fundamentals
* Spot MCX gold eased 75 cents to USD 1,627.18 an ounce by 0034 GMT, having hit an intraday low of USD 1,625.55. On Monday, bullion posted its seventh day of gains on lingering worries about the debt crisis in Europe.
* World leaders pressured Europe on Monday to take ambitious new steps to resolve its debt crisis after a victory for pro-bailout parties in a Greek election failed to calm markets or ease worries that wider turmoil could derail the global economy.
* Given a US outlook that is weak but not recessionary, the Fed meeting on Wednesday could opt for extending "Operation Twist", its effort to drive down long-term borrowing costs by selling short-term securities to buy longer-term ones, economists said.
Stock MARKET NEWS
* The Nikkei eased 0.5% to 8,689.45, losing some of its hefty gains from the previous session as initial enthusiasm over the victory for pro-bailout parties in Greece gave way to persistent concerns over Spain and its banks.
Today euro held most of its losses from the previous session after the optimism over Greece gave way to the worry over Spain, pushing its borrowing costs to levels seen as unsustainable.
* Raw futures trading ongoing to fall on Thursday as an increase in bad Language loans driven concerns that Europe's debt disaster was taking a turn for the more intense, further crimping international oil demand.
Stock Traders are looking for suggestions for another circular of quantitative reducing (QE) in the Combined Declares when the Government Start Industry Panel produces a plan declaration at the end of its two-day conference on Thursday.
Fundamentals
* Spot MCX gold eased 75 cents to USD 1,627.18 an ounce by 0034 GMT, having hit an intraday low of USD 1,625.55. On Monday, bullion posted its seventh day of gains on lingering worries about the debt crisis in Europe.
* World leaders pressured Europe on Monday to take ambitious new steps to resolve its debt crisis after a victory for pro-bailout parties in a Greek election failed to calm markets or ease worries that wider turmoil could derail the global economy.
* Given a US outlook that is weak but not recessionary, the Fed meeting on Wednesday could opt for extending "Operation Twist", its effort to drive down long-term borrowing costs by selling short-term securities to buy longer-term ones, economists said.
Stock MARKET NEWS
* The Nikkei eased 0.5% to 8,689.45, losing some of its hefty gains from the previous session as initial enthusiasm over the victory for pro-bailout parties in Greece gave way to persistent concerns over Spain and its banks.
Today euro held most of its losses from the previous session after the optimism over Greece gave way to the worry over Spain, pushing its borrowing costs to levels seen as unsustainable.
* Raw futures trading ongoing to fall on Thursday as an increase in bad Language loans driven concerns that Europe's debt disaster was taking a turn for the more intense, further crimping international oil demand.
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