Tuesday, 20 August 2013

Stock Market Trend – 21 August 2013

BASE METAL WRAP: Copper and zinc declined ahead of minutes of the Federal Reserve’s last meeting that may provide clues on the pace of stimulus and trade data from China, the biggest user of industrial metals.

ENERGY WRAP: West Texas Intermediate crude swung between gains and losses after declining the most in two months yesterday amid speculation the Federal Reserve will taper economic stimulus. Industry data showed U.S. supplies fell.

PRECIOUS METAL WRAP: Gold fluctuated between gains and losses before the U.S. Federal Reserve releases minutes from its last meeting, which may provide clues on whether the pace of stimulus will be slowed amid signs of increased bullion demand.

GLOBAL EVENTS TO WATCH: Existing Home Sales, Crude Oil Inventories, FOMC Meeting Minutes.

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