We Saw Sharp Recovery in EURO/USD From 1.1916 To 1.2150 After ECB Meeting. Before Making this Recovery Euro/Usd hits 1.1876.But the Problem not Ends here Gold Funds Physical Gold Holdings Continuing Rises Days By Day. Investors & Traders Hedged Their Position In Gold Against Euro/Usd for Safeguarding Their Money. The Latest Support Comes From The ECB President Jean- Claude Trichet, Who Said on Thursday That The Central Bank Would Maintain Its Monetary Policy. That Includes Continuing to Offering 3 Months Emergency Loans to Bank Until September.
We Fore See EURO/USD If it Maintains Their Support of 1.1980 Then We Expects Again Sharp Recovery From Upton 1.2280-1.2400 In Next Week.
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Showing posts with label Free copper Trends. Show all posts
Showing posts with label Free copper Trends. Show all posts
Friday, June 25, 2010
Saturday, February 20, 2010
COPPER GAINING DEMAND CONFIDENCE
Fed Raises Discount Rate By 0.75 % On 18 Feb Signaling end Of New Stimulus Measures, this Action Show A Smooth Recovery In Economy From Recession, By Which Industrial Demand Is Going To Peak In Next few Years.
Copper Witnessed A Fresh Positions build Up In Long side In all Global exchanges. Copper Demand Is On Rising Month By Month. Many Developed & Developing countries Begins To Increase Their Exports & Imports , Demand In Mining sector Is On Peak In India. Continuous Rising Growth Seen At This sector. Auto Industry Showed Biggest Recovery Since Recession. Demand Of Copper Made Products Rising 7 - 10 % Till 2012.
From Last Many Stimulus Packages Helps Copper Price To Recover From Rs 138 To Rs 340 In MCX. But LME Inventories Is On Near 5 Year Highs. Copper Funds Increasing Their Holdings On Increasing Demand Out Look & Also Increasing Their Price Outlook.
Copper Looking To hit $ 4.20 - 6.00 lb till 2012 - 2013.
In MCX Our Copper Price Target Of Rs 380 - 400 - 440 In 2010. I Expects It Will Trades In Range Of Rs 250 - 440 In 2010.
Copper Witnessed A Fresh Positions build Up In Long side In all Global exchanges. Copper Demand Is On Rising Month By Month. Many Developed & Developing countries Begins To Increase Their Exports & Imports , Demand In Mining sector Is On Peak In India. Continuous Rising Growth Seen At This sector. Auto Industry Showed Biggest Recovery Since Recession. Demand Of Copper Made Products Rising 7 - 10 % Till 2012.
From Last Many Stimulus Packages Helps Copper Price To Recover From Rs 138 To Rs 340 In MCX. But LME Inventories Is On Near 5 Year Highs. Copper Funds Increasing Their Holdings On Increasing Demand Out Look & Also Increasing Their Price Outlook.
Copper Looking To hit $ 4.20 - 6.00 lb till 2012 - 2013.
In MCX Our Copper Price Target Of Rs 380 - 400 - 440 In 2010. I Expects It Will Trades In Range Of Rs 250 - 440 In 2010.
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