Traderslounge

CPO is expected to gain further

MCX September CPO closed higher Rs 2.10 10Kg at Rs 416.50 10 Kg on Saturday from its high of the day (418.90) and touched a low of 415.70 levels.

Mustard Seed looks weak these days

Arrivals of Mustard seed in Rajasthan were steady at 15 000 bags yesterday and all over India s arrival were at to 25 000 bags (85 kg each) yesterday.

Soybean demand improve significantly

In spot markets yesterday prices were higher on firm overseas market. Daily arrivals of soybean were at 4 000 bags yesterday in Indore mandi and 55 000 bags in M.P. (bag=100 kg).

Jeera is expected to fall soon

Jeera prices at the benchmark Unjha mandi were quoted at slightly higher rates due to lower arrivals and better offtakes on Saturday.

Turmeric remain weak in mandis

Spot prices of Turmeric particularly Nizamabad and Erode were quoted at lower rates in the previous week due to weak demand and expectation of better demand in 2010 11.

Pepper is good bet for short term traders

Black pepper prices at the benchmark Kochi mandi were quoted at premium on Saturday after trading bearish in the major part of the previous week.

Positive sentiments prevail in Chana

Prices of other pulses particularly Tur peas and moong were also quoting at premium and therefore helped Chana prices to find support and trade firm.

Guar fall in spot market

Spot prices traded at discount in the beginning of the previous week but bounced tracking futures and ended in green on Saturday.

NCDEX Sep Guar seed looks indecisive

Guar seed September future prices traded sideways on Saturday s trading session.

MCX Nov Copper in upward rally to 350.25

Copper November future prices witnessed an upside movements by continuing the previous gains.

MCX Sep Crude Oil trades higher to 3510

Crude oil September future prices traded higher by extending the previous trend. After making a high of 3520 it settled at 3510 levels.

MCX Gold Oct in consolidation phase

Gold October future prices initially traded higher on Friday s trading session. After making a high of 18974 it settled at 18874 levels.

Economic confidence in Europe, highest in two-years

The European continent confidence reports were released today, showing better than expected economic confidence as it rose to the highest level since October 2008, boosted by the decline in the value of the 16-nation currency which supported exports and helped the economy expand at the fastest pace since 2006. The Final Consumer Confidence reading for August reached -11.0, compared with the previous and the expected -12.0, while the industrial confidence remained unchanged at -4.0, the

The drop in Estonian wages is likely to stabilise in Q2

Review Lithuanian retail sales disappointed in July falling by 6.3% y/y, almost the same rate of decline as in June. However, a small positive increase on a monthly basis (2.5% m/m) indicates stabilisation, which is likely to continue in the coming months. Furthermore, Q2 GDP was revised up, to 1.3% y/y from a flash estimate of 1.1% y/y. Detailed breakdown shows that rapid exports growth was the main driver of the increase, while the stabilisation of domestic demand was mainly due to base

US: Smaller than expected downward revision in GDP

The second estimate of US Q2 GDP showed a significant downward revision compared to the first reading. The annualized GDP figure was downwardly revised from 2.4% Q/Q to 1.6% Q/Q, slightly above the consensus estimate of 1.4% Q/Q. Looking at the details, downward revisions came mainly from net-exports and a lower positive contribution from inventories, but also residential investment and government consumption were downwardly adjusted. Counterbalancing was a positive adjustment in personal

The belly of the German curve underperformed

Markets: Fixed Income On Friday, global bonds were finally hit by a bout of profit taking in a technically overextended market. Especially, US Treasuries were sharply hit by a slightly better than expected Q2 GDP report and especially by the speech of Bernanke (see below). Equities moved swiftly higher after Bernanke’s comment creating more pressure on US Treasuries. Unsurprisingly, it was the longer end that led the correction, as investors decided to partially unwind the flattening curve

New Zealand trade balance deficit widens as imports increases more than expectations

New Zealand Trade Balance report showed that the deficit has widened for the first time in seven months during July, as the New Zealand imports of vehicles and petroleum products increased, which had a negative effect on gains in the exports of milk powder, butter and cheese.  New Zealand trade balance deficit reached during July NZ$-186 million, compared with a previous of NZ$276 million in June, which was revised to NZ$214 million, while analyst's forecasts referred to NZ$-40

The Dark Side of Deficits

In this issue: Secular Bull and Bear Markets It's Not the (Stupid) Economy The Consequences of a Credit Crisis The Dark Side of Deficits In the pre-crisis days, I used to write about things like P/E ratios, secular bull and bear markets, valuations, and all of the things we used to think about in the Old Normal. But what about those topics as we begin our trip through the New Normal? It's time to reconvene class and think through what might change and what will remain the same. I think this

Diminished expectations

Local data was thin on the ground again last week, leaving markets to attempt to draw some meaning from the RBNZ’s quarterly survey of expectations. The survey seemed to take on even greater significance after Governor Bollard’s speech the previous week, emphasising the importance of keeping inflation expectations in check as the economy recovers, and at a time when government policies are expected to push annual inflation towards 5% next year. While the speech itself would have been written

Three-legged bearish tactician targets iShares Dow Jones U.S.

IYR - iShares Dow Jones U.S. Real Estate Index ETF – A three-legged bearish options combination play on the IYR, an exchange-traded fund designed to provide investment results that correspond to the price and yield performance of the Dow Jones U.S. Real Estate Index – an index created to measure the performance of the real estate sector of the U.S. equity market, indicates one big player is bracing for a pullback in shares of the ETF through the end of 2010. Shares of the fund went the way of

Bernanke Presents Fed's Options and Indicates Deflation Not a Significant Risk

Chairman Bernanke kicked off the annual symposium in Jackson Hole with a blueprint for the future course of monetary policy.  In his opinion, "the recovery of output and employment in the United States has slowed in recent months, to a pace somewhat weaker than most FOMC participants projected earlier this year."  (The central tendency of the Fed's forecast in July for 2010 is 3.0% to 3.5%).  He also noted that "despite the weaker data seen recently, the preconditions for a

New Day Yesterday

U.S. Review New Day Yesterday Subpar recovery in housing had been our expectation but this week’s existing and new home sales data reinforced that the old themes of consumer deleveraging and the long-term workout for the U.S. economy remain in place. Our outlook for the second half of this year is for sub 2 percent growth and housing continuing its slow workout.• Disappointing durable goods orders are an issue, given our expectation that capital spending would be a major positive for growth

Gold prices to provide strength to silver

Gold to trade above $1220 rally likely

Crude oil fallsl to $71 recovers

Gold silver prices gain on muted US recovery

Silver prices weaken on eco growth concerns

Weak US data aggravates price of gold

Crude oil succumbs to selling pressure

Mixed US data weakens equity commodities

Silver volatile drops below $18

Gold set for mild correction in bull phase