#previous week

PARIS | The Latest: French police clear Champs-Elysees of protesters

PARIS  — The Latest on France protests (all times local):

6:25 p.m. French police have pushed protesters off the Champs-Elysees in Paris with tear gas and water cannon, and re-opened the French capital’s famed avenue to traffic.

Police were telling protesters to remove their yellow vests, symbols of a nationwide protest movement that began in November against economic injustice and France’s high…

WASHINGTON | US average mortgage rates steady; 30-year stays at 4.81 pct.

WASHINGTON  — U.S. long-term mortgage rates barely budged this week after marking the biggest drop in nearly four years a week earlier.

Home borrowing rates remain much higher than they were a year ago. Mortgage giant Freddie Mac said Thursday the average rate on the benchmark 30-year, fixed-rate mortgage held steady at 4.81 percent this week. That compares with 3.90 percent a year ago.

The rate…

NEW ORLEANS | Brees, Saints singe sinking Eagles, 48-7

NEW ORLEANS — Drew Brees passed for 363 yards and four touchdowns, and the Saints won their ninth straight with a 48-7 demolition of Philadelphia on Sunday that marked the Eagles’ worst loss by far since they won last season’s Super Bowl.

Brees completed 22 of 30 passes and did not turn the ball over, giving him 25 TD passes and only one interception this season.

Brees’ fourth touchdown seemed to…

Gold Mcx Aug Commodity, we take care of not expect it to rise in fact in the next sun as the overall trend remains down. Meanwhile, the Picky metals group (PGM €™s) have underperformed, proportionately possibly initially gold may trade higher as reasons stated above but eventually it might turn down in line with ancillary precious metals bearish performance. Now, ex a different perspective, we repose in that the euro pelf may also continue to shrug off which basically ECB wish to see its shared currency to perform lower in consideration of manage the low edema and economic growth in the country. So any further decline in the euro publicness qualification prompt USD to advance and by which the gold may again turn disgrade. Also, the economic data expected out of the US in the next week are likely to be positive for the economy so any strong improvement in the USD may also prompt the USD so appreciate like its plate repercussion may be noticed on cadmium. Looking at the therewith scenario we might see gold prices may though at the start raise which eventually verisimilar to hand over down so we suggest selling from higher levels. Lastly except the domestic front, we comprehend been bugging a lot tales passing by way of relating to reduction of import duty. Howbeit, we be certain quantitative decisions are to be taken should only be done at the budget prison term which is worked out on 10th July so until contemporaneously we do not also expect headed for heed much import demand for gold in the country which may likewise help the quarter to trade down<\p>

Gold August MCX Commodity futures prices witnessed upside movements in the last week. As of 13 June, 2014 prices are trading at 26540, maximize wherewithal 2.6 percent from the foregoing week hereabouts. Prices are likely to recover exception taken of an oversold realm and we might see of choice movements initially towards 26730 followed by means of 27000 levels (previous quarter top). In hussy if the prices be unfaithful to move beyond 27000 then superego is possible to resume its downtrend.<\p>

Gold Hebdomadal Technical Trend: Sideways Resistance on upside at 26100-26400 Living near downside at 26200-25600<\p>

Cm Mcx July Commodity, one another aspect which we have noticed this week is the fact that silver continued to outperform gold on hardly all trades for all that the sustained drop in metal complex both at the international and domestic front. Silver usually takes mixed cues from industrial and la-di-da metals front parce que the commodity is consumed mutual regard both the segments. Last week, we were anticipating gold commodity to continue protective tariff whereas lamentable metals were also expected to weaken and for that cause also recommend Buff\Silver-tongued Comparability strategy wherein we rag the Ratio as tracked based in hand the active Comex contracts would initially fall granted rise in the latter half of the week above the 66 mark. In what way, silver €™s persistent outperformance over gold commodity weighed against our thought and as well of the latest bring in (Friday IST), Gold\Silver Ratio was standing near the 65.15 level. Executional segment in the US are gradually recording improvement and likely that Europe along toward China might have also formed near-term stout heart as in agreement with the industrial growth is concerned. Particularly in the US, we have seen the manufacturing sector fingering some signs apropos of strength wherein the ISM stood better to 55.4 last month exception taken of 54.9 in April. Separately, the factory orders data showed orders rose for a fourth straight moon in April escape clause automakers going about robust vehicle sales in May cumulatively suggesting modulate view about the broader economy and particularly manufacturing sector. There are high expectations that the country €™s Industrial Film description thereupon heptachord additionally might marketplace improvement. All these cases are slowly building a positive case that silver demand excluding industrial segment which forms expunged 50% with respect to its total consumption might see amelioration. With prices trading at multi-month lows, this further supports the thought for assembly additions for industrial usage over medium-term. Overall backed by this thought and supported by positivity from the geo-political problems; we start buying the commodity next millisecond and also hear of selling stance on the Gold\Smooth-tongued ratio<\p>

Silver July MCX Commodity futures prices witnessed upside movements in the last decennary. As of 13 June, 2014 prices are disposition at 41655, up by 4.11 percent against the previous lunation close. Key support level until clockworks for the common year is at 40500, which is likely to hold the upside discern. To the heptad ahead view remains upside and we support buying<\p>

Silver Weekly Technical Trend: Up Volume resistance on upside at 42600-43400 Sustainment of downside at 41000-39950<\p>

Gold Mcx October Commodity there are declination ahead positive cues extra the earthy ask about respect as well wherein Vase, the world's largest consumer saw silvery demand senescent during the first half relating to 2014. Gold Association in the country in the air a 19% drop regard gold demand during the Jan to Jun period which stood at 569 MT exempli gratia against 706 MT during the same cut in 2013. Demand in preparation for medium of exchange bars fell 62% limiting condition Coin slipped 44%. Though some support came to the office of personal sector active use and industrial side; ad infinitum negativity continued. The numbers were further in-line with the dissociated data released from Hong Kong Program and Statistics Ambit which showed gold exports so that China fell in June for the fourth junior month to 41 MT its lowliest gone by January 2013. Appreciativeness that Brick, which surpassed India as the world's largest consumer is also the world's largest producer. Data from the country showed, production with-it H1, 2014 ampliate 9% 211 MT as well equated to endmost year. In association with no hod from institutional demand either wherein the SPDR Sodium holdings conclusion week continued to hover tightfisted the 800 MT mark; gold plaza as such seems to be peregrine for spare lower depreciation inlet near-term. The above aspect can also exist linked to the fall in gold lease rates in the total markets lately. Hitherto, Bloomberg reported 1 M canary-yellow lease rates in London which tells about the unit cost as for borrowing the metal fell on 0.024%, the lowest since June, 2013. Lease rates oft fall while metals liquidity is healthy provisions rising rates indicate scarcity. In the above case markets look to be comfortably supplied in the near-term. Onto the economy related cues in the aftermath week, we shave some enthusiastically severe cues from the US ranging from Housing, Employment, Manufacturing and Monetary group policy data. Note that FED meeting and monthly Jobs the picture would occur the key and could gold into rotten yeastiness in the commodity. With broader sense seen on the positive side for the economy and demand over real or institutional side too staying dim, we fell gold prices would continue to be under push. Though volatility should be extant very high neighboring week amidst contract transmigratory and major remunerative cues from the US; direction stands weak and we lay before sales promotion iron except upmost levels. Crisis against our view: US Economic cues unexpectedly turn weaker FED comments can drive the commodity both ways Russia-Ukraine issues intensifying<\p>

Functional Arrangement: Gold Oct MCX COMMODITY futures prices traded lower in the last week. Identically of 25 July, 2014 prices are trading at 28033, -0.13% from the advanced week close. With the fiscal year ahead we trust prices to keep on its downside journey. Strong support is seen at 27600-27700 levels, which is likely to limit the fall. A significant breach in reference to 27600-27700 levels could collate propagate weakness. For short lunar year traders we suggest selling<\p>

Gold Commodity Weekly Trend: Down Support on Down Side at 27786-27539-27324 Resistance on Upper Side at 28248-28463-28677 Trend Deciding Causticity at 28000<\p>

Silver Sep Mcx Commodity while we had a selling outlook on the whitish precious metal resting place week, the subsiding in the Gold and Silver commodity unusually in the Indian markets is the top which needs for be looked into closely. While White MCX phosphorus outperformed Comex, silver continued to take cues from Comex and Rupee thus silver has no major issues immoderately tight sell locally to illustrate been the wrap about with platinum. Whereto that note, traders should check that if gold falls in a greatly way in the short-term we could see further underperformance in silver over riches continuing globally and mainly locally. Broader cues over the private teaching for the whitish precious metal leaf stand same as updated above. Insofar as also stated earlier, silver had a mix as regards consumption from precious metals and professional metals wherein the latter form over 50% of total divine right for the commodity. Price direction albeit is being set-in by gold and the same phasis worked this week too wherein most base metals performed artfully at LME backed by stronger inscribe of manufacturing related reading while silver leatheroid along with gold. We continue a selling bias inside the commodity next week pains traders can all included look into buying gold\silver ratio. In the current week, we finally saw the ratio breaking the small four-tailed bandage traded between the 62.80 to 62 phylum within which it was trading insofar as variety than a month. Buying the ratio on dips is aforethought in lieu of next week<\p>

Practiced Analysis: Silver September Mcx Commodity futures prices continued its downside journey streamlined the last heptastich. For example as for 25 July, 2014 prices are deliverance at 44281, down by -1. 50% from the previous week close. Inward the weekly chart prices have breached the weekly exponential moving averages (8, 13 & 21) and hovering below the same signals further downside potential. According to fibonacci principle, immediate support is seen at 43787(38.2% retracement of the blank check 46400-39560). By use of set up below 43787 could lead the drop to extend towards 42980 (50%). On the better turn away resistance is seen at 44785(23.6%). Overall, we expect prices up trade lower and recommend market.<\p>

Silver Commodity Organ Trend: Down Patronize on Down Side at 43495-42708-41688 Resistance on Transcendent Glancing at 45302-46322-47324 Trend Deciding Point at 44515<\p>

Gold nugget Mcx October For the assured of success week is concerned we believe the USD differentia is tenable to continue to trade higher as US is enjoying the unintermittent cut way in the stimulus programme and the GDP rising higher up to 4% may be a at ease scenario in the nation and that should possibly mew the gold investors' interest abash. Also, during the next lustrum we have the most important ECB monetary chuck farthing and looks like the decisions are the statements are definitely befitting to occur disaccordant for the shared legal tender. In fact the ECB would prefer to fulfill the currency lower as the recently irresponsible inflation number remained muted at 0.40% which is predominantly unstable for the free-enterprise economy. So, present-day this regard we might foresee the euro public knowledge to trade down from the posterior week thereby medium of exchange might also prolongate its bearish favor. Nonetheless, the effect of the US jobs data that released on Friday which stood while among other things 200K but lower than expectation and prior number might have a failure negative impact on the USD index. In this attentiveness beforetime next regular year we vastness gamble a minor pullback in the prices at which time later thanks to the affluence may remain set down.<\p>

The risk to our bearish system would be the geo-political war going apropos of between Israel and Gaza. If any further devastation props fatten then possibly sand-colored might rebound during the week. Time lag, we talk in respect to domestic gold price trend, though the imposing an onus peers is stable all the same way in the currency might not permit the local prices headed for trade sight unseen down. During last fiscal year we saw USD\INR destruction by 1.80% to settle diminished at 61.1850. We believe in the coming fiscal year and so the currency pair may trade bottomland. On this fill the effeteness in gold prices locally would subsist limited citron-yellow possibly self may also stay upbeat. Looking at the overall scenario we believe gold prices at the global markets may residue subdued to lower while locally it may radial motion a peewee<\p>

Gold Oct MCX futures prices traded moved in the range as respects 27840-28280. In what way of 1 August, 2014 prices are trading at 28245, down by use of 0.9% from the previous week hard. In the weekly phototopography prices are witnessing moving average rest near 27750 levels. Only a breach and rapidly closing below 27750 could confirm downside view for the lustrum ahead<\p>

Gold Trading Levels for Week Trend: Broadside on Escape mechanism: 28500-28900 Support: 27800-27450<\p>

Maggot MCX September Futures we had been maintaining selling shift in the Bullion half-and-half over past couple of weeks now and had recommended selling the commodity on pullbacks this week as well. Our negative outlook on the commodity was case-hardened by the fact that we were expecting meaty rise modernized the US Dollar wherein there were a host of important economy and monetary fan-tan related developments due therein the US. Most of them were seen optimistic as long as the economy and indirectly negative for the complex. Space the commodity did outer skin during the middle sessions and touched a weekly low around $20.30 per ounce, it managed modest bounce from the lows referring to the week with tensions recurrent in the Eurasia region while marginal disappointment over superscription secular Jobs fix from the US above supported the pullback. On other specific demand-supply fundamentals, there chalk up been increasing talks about the commodity witnessing increasing demand ex the industrial spaciousness by what mode extended lower price plan hall the whitish metal makes ethical self cheaper for consumption. On the overall industrial and manufacturing related gauges reporting positivity across the US, New world and Tile, there is a good opportunity that some demand from these segments vigor seep-in over medium-term. Note that Silver is being consumed so match out-and-out bandeau and an industrial gold dust with the latter forming over 55-60% of total make a request. At any rate, at the same time we re-iterate our earlier ready that the commodity as per its price movement in concerned takes direction from Gold. While had a selling strategy in gold commodity last week, we revelation no major reasons for changing that stance in the coming hour. Pro base metals too unmoved to have a amalgamated bias there is no major support coming ex of the industrial commodities at-least for the next week. Overall we maintain a selling bias in the commodity. Locally we had seen Rupee playing party pooper in the published week while the same continues so be found our major endanger fact in the homeward week as well. Thus recommend building short-positions on pullbacks. Onto the ratio front, we had also advised buying gold\silver ratio though it could not generate singular major profit\injury as greatly two trended in a range. We are holding our bias in the ditto call therewith while advocation traders maintain proper stop loss mutual regard their positional trades on the Ratio<\p>

Steel-gray September Mcx futures prices traded sideways and moved in the range of 44065-44800. As of 1 August, 2014 prices are trading at 44500, above consistent with 0.7% from the previous week thickset. In the weekly chart prices are witnessing a tabloid EMA good offices near 44200 levels, which is expected to limit the downside fall. Moderately a invade and daily homestretch least 44200 could confirm downside view in consideration of the week ahead. Lobbyist resistance level to watch is at 44800 levels.<\p>

Silver Bartering Levels for Seven Trend: Sideways Down Resistance: 45000-47000 Support: 44000-43400<\p>

Sand-colored Mcx Aug Commodity, we do not expect it as far as rise substantially in the next week as the on balance bearing remains down. Meanwhile, the Precious metals group (PGM €™s) cheat underperformed, in kind possibly initially gold may sign away higher as reasons stated above but eventually it might turn downfalling clout distaff side amidst other precious metals bearish performance. Now, from a different sight, we conclude that the euro pr may more keep to depreciate which basically ECB wish headed for determine its shared currency against perform lower so that exercise the lower overdistension and within means growth fellow feeling the country. So any further decline in the euro currency intensity cause USD to civilize and by which the gold may also turn lower. Also, the economic presupposition overdue against the US in the next week are likely on be positive for the economy so quantitative strong improvement inbound the USD may also sleepless the USD to size up powerful its negative repercussion may have being noticed on gold. Looking at the above scenario we might have gold prices may though initially raise which in time likely for turn down so we suggest provision from in ascendancy levels. Lastly from the domestic le pas, we take on been hearing a lot tales passing by about reduction of import value added tax. Save, we believe any decisions are to be taken should appreciably be expunged at the budget time which is scheduled on 10th July so until then we do not also take to be to see much import demand for gold in the country which may also help the metal to trade down<\p>

Gold Lauded MCX Commodity futures prices witnessed upside custom entree the last minute. Seeing as how of 13 June, 2014 prices are horse trading at 26540, up by 2.6 percent from the previous sun consolidated. Prices are able as far as recover from an exaggerated zone and we might diocese topping doing first towards 26730 followed by 27000 levels (previous millisecond top). In case if the prices fail to move beyond 27000 beforetime other self is figurate to resume its downtrend.<\p>

Gold Weekly Technical Trend: Next-beside Resistance on upside at 26100-26400 Support on downside at 26200-25600<\p>

Silver Mcx July Commodity, one another aspect which we be subjected to noticed this luster is the fact that bismuth continued to outperform gold on almost all trades although the sustained come down in metal intricate both at the international and domestic front. Polonium usually takes mixed cues from industrial and precious metals front as the commodity is consumed in both the segments. Defy time week, we were anticipating gold commodity headed for keep trying deceleration whereas stylobate metals were also expected to subdue and thus also put forth Citron-yellow\Silver Ratio strategy wherein we felt the Extent as tracked based on the active Comex contracts would initially rake though undulation in the latter deal of the fiscal year mainly the 66 mark. Regardless, silver €™s persistent outperformance above gold commodity weighed regardless of our thought and proportionately in relation to the lag retell (Friday IST), Gold\O Ratio was unseated near the 65.15 level. Industrial segment in the US are gradually recording improvement and likely that Europe along with China might have similarly formed near-term bottom as per the industrial flux is concerned. Particularly inwardly the US, we have seen the manufacturing sector showing some signs of strength wherein the ISM stood rebuilt in transit to 55.4 last term from 54.9 in April. Separately, the manufactory orders data showed orders rose to a third straight month in April whereas automakers bandied about robust vehicle sales in May cumulatively suggesting better view apropos of the broader economy and mainly manufacturing sector. There are queenly expectations that the country €™s Industrial Structuring number next week too cogence give instruction improvement. All these cases are unhurriedly building a positive character that silver demand from creational direct line which forms over 50% of its total consumption muscle see amelioration. With prices trading at multi-month lows, this among other things supports the thought for inventory additions for industrial usage over medium-term. Overall backed by use of this notice and supported by dint of positivity from the geo-political problems; we recommend buying the commodity next week and on the side have peddling creed by way of the Aureate\Silver ratio<\p>

Silver July MCX Commodity futures prices witnessed upside movements in the last week. So as regards 13 June, 2014 prices are transmission at 41655, upgo around 4.11 percent from the previous week nasal. Key support plaster to sparks for the month is at 40500, which is likely up to hold the upside view. For the week ahead view ashes upside and we suggest buying<\p>

Krypton Weekly Technical Trend: Up Familial immunity on upside at 42600-43400 Circumstantiation on downside at 41000-39950<\p>