MARKET PULSE
• US: New Factory Orders rose the most in five months .
• US : S&P 500 Index closed higher to a new record (Up 10 % in 2013).
• US : USD Index up 4 %.in 2013.
• GOLD : SG : Gold at $1,375 by December , Average $1,500 2013 , and $1400 in 2014.
• GOLD : SPDR Gold Trust, worlds biggest ETF fell to 1,208.92 MT (Lowest since July 2011) .
• AUSTRALIA : AUD rose on a smaller-than-estimated trade deficit.
• CENTRAL BANKS reserves up $30.1 billion in CAD and AUD (Q4 2012) versus $31.5 billion in USD.
• UK: Inflation: Retail prices rose 1.4 % Year on Year versus 1.1 % in February.
• INDIA : Global funds bought $ 459 m of local bonds on April 1st, biggest 1-day inflow.
COMMODITIES
• WTI Crude Drops as U.S. Oil Stockpiles Gain Most in Four Weeks
• Gold Declines to Three-Week Low as Investors Reduce Holdings
• Gold Futures Decline the Most in Five Weeks
MARKETS
DJIA 14662.01 90.0 EUR 1.2805 0.0 DINR1M 182.86 0.19 NSE1M 54.685 0.0775
NASDAQ 3254.862 15.7 GBP 1.5087 0.0 DINR2M 181.76 0.16 NSE2M 55.015 0.0775
FTSE 6490.66 79.0 JPY 93.53 0.1 INR-Spot 54.3712 0.1024 MCX1M 54.6825 0.075
NIKKEI 12314 310.6 GOLD 1567.69 -8.2 NDF1M 54.77 -0.09 MCX2M 55.015 0.0775
HANG-S 22330.89 -36.9 SILVER 27.0825 -0.2 NDF2M 55.07 -0.1 WTI 96.69 -0.5
NIFTY 5724.45 -23.7 3MCU 7480 15.0 SENSEX 18984.86 -56.09 BRENT 110.34 -0.35
INDIAN INR
MARKETS
INR declines for first time in 3 trading days, falling 0.3% to 54.4050. 1-month volatility at 7.9925%. 3-month forwards at 55.44 versus 55.35. 3-Month NDF at 55.37 versus 55.28. 10 year benchmark at 7.993%.1-year IRS at 7.4600%, 5-year IRS at 7.2350%.
FACTORS
• Technical :Support at 54.3451; next support at 54.4213, 54.5488; pivot point at 54.2938; resistance at 54.2176, 54.1663, 54.0388.
• Global funds bought $ 459 m of local bonds more than they sold on April 1, biggest 1-day inflow.
• Trade Deficit at $32.6 on imports of oil and gold , export growth slows.
• USD Index fell 0.2 % on 3rd April.
GOLD
MARKETS
Gold spot fell 0.8 % to $1,563.68 (Lowest since March 8 ). Gold June fell 0.5 % to $1,568. Cash silver, fell
0.9 % to $27.025,( lowest since Aug. 2, 2012).
FACTORS
• SPDR Gold Trust, worlds biggest ETF fell to 1,208.92 MT (Lowest since July 2011)
• US : New Factory Orders rose the most in five months
• S&P 500 Index closed higher to a new record (Up 10 % in 2013)
• USD Index up 4 %.in 2013
• Societe Generale : Gold at $1,375 by December , Average $1,500 2013 , and $1400 in 2014
FOREIGN EXCHANGE
MARKETS
The yen retreated from a 1-month high , while the euro was lower too. JPY at 93.37 (1-month low of 92.57 on Tuesday) . It was still some way off a 3-1/2 year high of 96.71 set last month.
FACTORS
• EUR weaker on opinion of stimulus from ECB tomorrow.
• BoJ 2-day meeting. Opinion may increase monthly bond purchases due to deflation.
• AUD rose on a smaller-than-estimated trade deficit.
• Central Banks reserves up $30.1 billion in CAD and AUD (Q4 2012) versus $31.5 billion in USD.
• UK: Inflation: Retail prices rose 1.4 % Year on Year versus 1.1 % in February.
OIL
Oil prices slipped on Tuesday as concerns about supply and the pace of growth in the United States and the Euro Zone economy tempered optimism about stronger demand in Asia.
• Brent May crude fell 44 cents to $110.64 , after hitting an early high of $111.79. The low for the session of $110 a barrel saw Brent below the 200-day moving average at $110.17.
• U.S. May crude was up 14 cents at $ 97.21 , after earlier falling to a low of $ 95.91.
• The Brent/U.S. crude spread narrowed to around $13.60 after widening to $14.66 earlier in the session.