Forex Technical Analysis

[alex22]

GOLD

MARKETS

Gold Spot traded at $1,583.30 in Asian hours down 5.5 % this year. The price dropped to $1,555.55 on Feb. 21, the lowest since July 12, A fall in February for a fifth monthly loss would be the worst run since 1997.

Read more: http://forums.babypips.com/other-pairs/51229-futures.html#ixzz2LtUuz8UX

 

[alex22]

COPPER
Copper dropped to a two-month low onMonday, in Asia tracking weakness in the European market in the previoussession on concerns over the pace of global economic recoveryand the outlook for the U.S. Federal Reserve's easy monetarypolicy.

 

[alex22]

OIL
Oil prices rose on Friday as German business sentiment improved, but crude futures still fell by the weekly margin of 2013 after a sell-off in commodities markets earlier this week. Brent crude rose 57 cents to settle at $114.10 , but was down 3 % on the week. U.S. crude futures rose 29 cents to settle at $93.13 a barrel, but were down 2.8% this week.

 

[alex22]

MARKET PULSE

INDIA: RBI's external members suggest reducing repo and use of open market operations
INDIA Fiscal deficit to be about 5.2% of GDP compared with target of 5.3%,
INDIA: FORECAST 'trade, hotel, transport and communication' growth at 4.8% Vs. FY11 - 11.1%;
GOLD Central Banks Buy purchases up 17 most since 1964
GOLD ETPs stood at 2,560.097 tons on Feb.22, down 2.8 % from high
UK : Moody's downgraded of Britain's prized triple-Asovereign rating.
JAPAN: Yen Drops to Near 3-Year Low on BOJ Easing
US Fed stimulus raises employment in Auto and Housing segments
UK Chancellor of the Exchequer G Osborne Britain has a debt problem, built up over years
AUSTRALIA: AUD Declines After China PMI Falls Short of Forecast
JAPAN: ADB President Haruhiko Kuroda likely as Bank of Japan governor,

 

[alex22]

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[alex22]

MARKET PULSE

INDIA : FM Chidambaram presents economic survey for 12M ended March 2013
INDIA Gov target fiscal deficit at 4.8 % of GDP Vs Forecast 5.3 %
INDIA : Total inflows in stocks this year to $8.3 billion
US Fed. Bernanke defended asset purchases.
GOLD : Gold holdings in ETPs, at 2,529.994 MT fell 3.15 % this month, the biggest fall in 5Y
GOLD fell 3.8 % in 2013
EURO ZONE The euro traded near its lowest level in six weeks on Italian Concerns

 

[alex22]

INDIAN INR

MARKETS

INR up 0.4 % to 53.8900 with a high of 53.8625 earlier, . One-month implied volatility rose 17 basis points, to 9.67 %. 3Mforwards at 55 , Vs. 55.22 . 3M NDF at 54.89 Vs. 55.14. 12M NDFs at 57.43. 1-year IRS at 7.6250%; 5-year IRS at 7.2000% , 10Y at 7.81%

 

[alex22]

GOLD

MARKETS

Spot gold fell 0.1 % to $1,611.55 in Asia heading for the fifth straight losing month. Gold was at $1,620.37 yesterday, the highest price since Feb. 15, Gold r April fell 0.3 % to $1,610.70 after rallying as much as 2.1% to $1,619.70 , Cash silver fell 0.6 % to $29.23

 

[alex22]

COPPER
Copper rallied on Wednesday after the U.S.Federal Reserve reassured investors of its commitment to loose monetary policy, helping prices pull away from two-month lows hit the session before. Three-month copper up 0.74 % to $7,916.50 adding to small gains from the previous session.

 

[alex22]

OIL
Brent crude oil fell to a one-month low under$113 a barrel on Tuesday on worries about an inconclusive Italian election that revived investor concerns about instability in the euro zone and threatened the outlook for fuel demand. Brent crude hit a session low of $112.61 a barrel,its weakest since Jan. 28, and was down $1.70 at $112.74. U.S.crude oil was down 65 cents at $92.46 a barrel, after touching a low of $91.92, a level not seen since Jan. 4.