BASE METAL WRAP:
Copper declined for a third day as the dollar strengthened after the Federal Reserve decided to taper its monthly bond purchases, reducing the appeal of industrial metals as an alternative investment.
Share Market tips
ENERGY WRAP:
West Texas Intermediate oil traded near the highest price in a week after crude stockpiles declined in the U.S. and the Federal Reserve said it will reduce stimulus as the economic outlook improves.
Share Market tips
PRECIOUS METAL WRAP:
Gold prices fell in Asian trading on Thursday following the Fed announcement to begin scaling back a monthly bond-buying program, which was taken as sign of economic recovery in U.S. and strengthened the dollar against most major currencies.
Share Market tips
GLOBAL EVENTS TO WATCH:
FOMC Economic Projections, FOMC Statement, Federal Funds Rate, FOMC Press Conference, Retail Sales m/m, Unemployment Claims, Existing Home Sales, Philly Fed Manufacturing Index, CB Leading Index m/m, Natural Gas Storage.
Copper declined for a third day as the dollar strengthened after the Federal Reserve decided to taper its monthly bond purchases, reducing the appeal of industrial metals as an alternative investment.
Share Market tips
ENERGY WRAP:
West Texas Intermediate oil traded near the highest price in a week after crude stockpiles declined in the U.S. and the Federal Reserve said it will reduce stimulus as the economic outlook improves.
Share Market tips
PRECIOUS METAL WRAP:
Gold prices fell in Asian trading on Thursday following the Fed announcement to begin scaling back a monthly bond-buying program, which was taken as sign of economic recovery in U.S. and strengthened the dollar against most major currencies.
Share Market tips
GLOBAL EVENTS TO WATCH:
FOMC Economic Projections, FOMC Statement, Federal Funds Rate, FOMC Press Conference, Retail Sales m/m, Unemployment Claims, Existing Home Sales, Philly Fed Manufacturing Index, CB Leading Index m/m, Natural Gas Storage.
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