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TRADING ARTICLES

Gold Price action

Gold Price action is trading in corrective phase

By Trading Predator July 20th, 2016 No Comments

Improving economic outlook and global conditions are reducing the demand of precious metal. Investors pulled $793 million last week from SPDR gold shares – An exchange traded fund backed by gold. Holdings in world’s gold backed ETF slipped 3.9 metric tons last week. Prices are now trading in tight compressive range on lower time frame

Gold Price action Technical analysis

Gold Technical analysis – Traders flirting with support level

By Trading Predator July 15th, 2016 No Comments

Gold dropped to two-week low fueled by liquidity factors and dampening Risk –off sentiment. Price action is consolidating around support level 1335.00. Commodity markets are becoming inversely correlated to Stock markets, as rise in stocks are contributing to dips in precious metals and vice versa. The behavior is due to fluctuating investors sentiment for risky

Tata consultancy service

Tata Consultancy services | Price action reacts to Q1 estimate

By Trading Predator July 15th, 2016 No Comments

TCS reported a net profit of 6,317 crore in the first quarter of the financial year 2016-17. Price action made consecutive highs few days before the announcement. It’s a perfect example of market dynamics discounting fundamental reports and events. The average consensus estimate was 6,059 crore and company announced interim dividend Rs. 6.5 per equity

Indian jeweller stock prices

Indian Jewellery share prices jump after government’s revision

By Trading Predator July 14th, 2016 No Comments

Shares of Indian Jewellery makers jump after Central government reconsidered the rules for claiming tax on gold jewellery sales. As per modification and new rules, Jewellers with turnover up to Rs.15 crore ($2.24 million) is excluded from excise duty. Jewellers conducted strike for six consecutive weeks after govt imposed 1% excise duty on Gold jewellery

USD-INR Technical analysis

USD/INR | Monitor the breakout at 67.10

By Trading Predator July 13th, 2016 No Comments

Indian Rupee fell to 68.75 a dollar in February, near an all time low of 68.84. After Indian government’s budget announcement which helped revive investor confidence in local assets made prices rally 2.4 percent since then. In the perspective of trade mark exchange rate USD/INR, the currency pair has broke out and retesting the support