In the US stocks kicked off the first trading day of 2013 with a sharp 2-percent rally across the board, with the S&P 500 and Nasdaq logging their best gains since December 2011, as wall street celebrated the last-minute budget deal by lawmakers to avert the "fiscal cliff " that would have pushed the economy into recession. The CBOE volatility index tumbled below 15....
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Gold-Silver, Crude oil and Base Metals have started today's session with a weaken trend in domestic market minutes before of the Fed Meeting. Minutes of the meeting of the US Federal held in July will be released today. It may come to know that from when the increased interest rates will start from. The oil and oilseeds futures is trading with bear trend. While a sharp bull trend is seen in NCDEX Chana...
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Gold prices have reached across 27000 level again on MCX in Domestic Markets due to surge in global market. Gold is now more safe investment because of strong decline in manufacturing process of China which is six and half years low along with a sharp decline in Indian Equity Market...
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Crude Oil shown some strength in early trading today and has seen some recovery in Global Market after the sharp fall in prices on Monday. The International Crude oil prices touched a low of 37.75 dollars per barrel on Wednesday, which was the lowest level since March 2009.
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Volatility in stocks are expected to increase. Investors may need to prepare for sharp rallies, plunges,then more rallies and plunges as the economy sorts itself out.
Selling by computers responding to break below S&P 500's 1120 support likely, however a brief but sharp technical rally should develop - Astute traders buy only.
Hong Kong opened lower after Tuesday's sharp rise and retreated further in the early afternoon in line with a drop in Asian and Mainland Chinese markets but gained back some losses before closing.
Oil prices closed in on $90 per barrel on the New York Mercantile Exchange after a three-day rally on Wall Street and a sharp decline in U.S. inventories.
Healthy rebounds in European and U.S. markets and commodity prices ignited a sharp rally in Hong Kong amid increased turnover. However, heavy redemption pressure on mutual funds will make the rally hard to sustain.
Weak regional markets and S&P's downgrade of Spain's sovereign rating brought an end to Hong Kong's sharp six-day rally. Chinese inflation figures came out in line with expectations at 6.1%.
Optimism over a solution to the European debt crisis and stabilized A shares on the Mainland fueled another round of sharp increases in strong turnover in Hong Kong.
The stock market typically experiences a September slump, but with last month's steep drop, volatile trading and bull run, investors shouldn't be surprised to see a break from the norm this year.
Expect volatility today and tomorrow as futures and options positions are squared. Economic news was so-so, European news OK. Could be a 120-point plus day.