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  • Squawk / 1 hour ago
    Technical Analsyt / commoditymarket2008 Advisory Services
    India
    SPOT GOLD HAS RESISTANCE 1098, HOLD ABOVE THEN 1104-1112 POSSIBLE & HAS SUPPORT 1090, HOLD BELOW THEN 1084-1076 POSSIBLE
    Read the Squawk
  • Squawk / 1 hour ago
    Technical Analsyt / commoditymarket2008 Advisory Services
    India
    SPOT GOLD HAS RESISTANCE 1098, HOLD ABOVE THEN 1104-1112 POSSIBLE & HAS SUPPORT 1090, HOLD BELOW THEN 1084-1076 POSSIBLE
    Read the Squawk
  • Editor’s Picks / Yesterday at 23:31 GMT

    Copper hits six-year low on gloomy China outlook

    Business Spectator
    Copper prices have tumbled to a six-year low as the latest slide in China's stock markets reinforce gloomy prospects for demand in the world's top consumer of the metal. Benchmark copper on the London Metal Exchange earlier fell nearly 2% to $5,164 a tonne. The metal ended at $5,188, down from $5,260 on Friday. Chinese shares sank more than 8% on Monday. Analysts believe copper prices will stay depressed until we see some improvement in China. Traders forecast weaker prices for base metals in general, but expect some support from a lower US dollar, which makes dollar-denominated commodities cheaper for holders of other currencies.
    Read article on Business Spectator
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  • Editor’s Picks / Yesterday at 22:35 GMT

    China's sharemarket rout stings global equities

    The Sydney Morning Herald
    The biggest rout in Chinese shares in eight years has stoked concerns over slowing growth in the world's No. 2 economy, knocking down global equities and commodity prices. Wall Street was down on worries over China's slowing growth, crystallised by a stunning 8.5% fall in shares in Shanghai that also rattled equity markets in Europe and Asia. China's securities regulator quickly said Beijing would continue to buy shares to stabilise the market. Both copper and the broader Thomson Reuters CRB commodities index hit their lowest levels in six years. Oil was near four-month lows on worries that China may cut back consumption.
    Read article on The Sydney Morning Herald
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  • 13h
    Neil D Neil D
    Do you think this is one of those long slowburners heading inexorably south, and if so do you have any targets that make sense fundamentally?
    13h
    Stephen Pope Stephen Pope
    Danger that "glut" is over used . One issue forcing market lower is the flood of oil we expect to see from Iran...but I reckon they...
    12h
    Neil D Neil D
    Interesting synopsis Stephen and I bow to your greater macro awareness.
    As a technician principally I was looking at the prospect of what will happen if we...
  • Squawk / Yesterday at 12:37 GMT
    Head of Macro Strategy / Saxo Bank
    Denmark
    US durable goods orders rebound 3.4% in June:

    Orders for durable goods, including aircrafts and vehicles, rose 3.4% m/m last month to more than offset the 2.1% drop in May (revised from -1.8%). The consensus expectation of 3.2% was not far off the mark.
    If you exclude the volatile transportation sector then orders rose a more modest 0.8% vs. 0.5% expected. However, May was revised lower to -0.1% from +0.5%.

    Capital goods orders, which serves as a proxy for future investment, rose 0.9%, nearly double the 0.5% expected, but again the revision was negative (to -0.4% from +0.4%). Capital goods shipments, a proxy for present investment, dropped 0.1% vs. +0.6% expected while May was revised down to -0.3% from +0.3%.

    Overall a much more mixed report than the headline reading of 3.4% suggests. EURUSD has not moved much on the release.
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  • Squawk / Yesterday at 12:28 GMT
    research analysis in intrady and short term strategy in xau/usd and xag/usd / WWW.MCXMASTER.IN
    India
    WHAT NEXT???---$1108 AND $14.96 IN XAU AND XAG AGAIN TODAY BEFORE CLOSING/2DAYS

    Buy hedge funds again today also before us open. Buy xau and xag cmp $1089-86 range and $14.52-44 range keep sl $1080+$14.20

    tgt1 $1108+$14.96
    tgt2 $1115+$15.32.mm
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