CAPITAL STROKE UPDATE 18 September-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26500 S2-26300

Gold dropped as dollar rallied and investors worried about forecasts that Fed may be readying for faster pace of interest rate hikes projected.

Markets digested the Federal Reserve's September statement on monetary policy, with investors questioning the dovish degree of the language.

The Fed decided earlier to trim that figure to $15 billion and will likely close it at its Oct. 28-29 meeting.

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CAPITAL STROKE UPDATE 18-September-2014: MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-44000 R1-42500 S1-40000 S2-39000

Silver prices rose in subdued trading ahead of the Federal Reserve releases its statement on monetary policy on Wednesday

Silver outperformed gold, as a technical indicator showed Tuesday's gains sent the white metal out of oversold conditions.

Fed will announce its latest statement on monetary policy and expectations for the U.S. central bank to cut its monthly bond-buying program to $15 billion.


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CAPITAL STROKE UPDATE 18-September-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-440 R1-436 S1-422 S2-416

Copper rose helped by a weak dollar as Fed began a two-day meeting that could adjust expectations about how soon the U.S. central bank will hike interest rates.

Data out at the start of the week showed China factory output grew at the weakest pace in nearly six years in August

Also, China's production of refined copper hit record highs in August as the world's top producer continued to build new capacity.


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CAPITAL STROKE UPDATE: ASIAN MARKETS 18-September-2014

Asian shares were mixed on Thursday as slowing property prices in China offset relief over the US Federal Reserve’s accomodative policy stance.

China’s Shanghai Composite was down 0.10 percent or 2.36 points at 2,305.54. Hong Kong’s Hang Seng shed 0.97 percent or 236.14 points at 24,140.27.

Japan’s Nikkei gained 1 percent or 158.92 points at 16,047.59. Singapore’s Straits Times rose 0.19 percent or 6.41 points at 3,302.89.

South Korea’s Seoul Composite declined 0.55 percent or 11.29 points at 2,051.32. Taiwan’s Taiwan Weighted was up 0.19 percent or 17.60 points at 9,212.77.

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CAPITAL STROKE UPDATE : US MARKETS 18-September-2014

US stocks edged higher in volatile trading on Wednesday after the US Federal Reserve renewed its pledge to keep interest rates near zero for a “considerable time” and repeated concerns over slack in the labor market, standing firm against calls to overhaul its policy statement.

The Dow Jones industrial average rose 24.88 points, or 0.15 percent, to 17,156.85, the S&P 500 gained 2.59 points, or 0.13 percent, to 2,001.57 and the Nasdaq Composite was added 9.43 points, or 0.21 percent, to 4,562.19.

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CAPITAL STROKE UPDATE 9-September-2014 : MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-438 R1-434 S1-424 S2-418

Copper prices seen supported as the European Central Bank’s interest rate cut continued to boost the market.

The European Central Bank’s interest rate cut continued to boost the market.

Orders to remove copper from warehouses monitored by the LME jumped 21 percent to 28,825 tons, the biggest advance since July 7.

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CAPITAL STROKE UPDATE 9 September-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27900 R1-27500 S1-26900 S2-26600

Gold fell as the dollar's rally against a basket of major currencies decreased bullion's appeal as a currency hedge.

Investors were also eyeing developments geopolitical tensions over the Ukraine crisis.

Safe-haven buying also dipped after a ceasefire between Ukraine and pro-Russian rebels, in a move toward ending a conflict.

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