Tuesday, 29 October 2013

COMMODITY MARKET TREND - 30 OCTOBER 2013

BASE METAL WRAP: Copper futures rose after orders to remove supplies from warehouses jumped the most in four months and inventories extended the longest decline since 2009.

ENERGY WRAP: West Texas Intermediate fell, extending a second monthly loss, as an increase in crude stockpiles in the U.S. signaled slowing demand in the world’s biggest oil consumer.

PRECIOUS METAL WRAP: Gold held losses before U.S. Federal Reserve policy makers conclude a meeting today as investors weighed the prospects for a reduction in stimulus and signs that demand in China may be slowing.

GLOBAL EVENTS TO WATCH: ADP Non-Farm Employment Change, Core CPI m/m, CPI m/m, Crude Oil Inventories, FOMC Statement, Federal Funds Rate.


0 comments:

Post a Comment