Gold futures are slightly higher in consolidation. The metal is staging an inside day – where the high and low are within the previous session’s trading range – and there hasn’t been follow-though selling from last week, notes Larry Young, senior trader with Infinity Futures. That could indicate gold prices are setting up for a [...]
NEW YORK–ICE Futures U.S. cotton a resumed a technical uptrend Monday with fundamental and equities support.
Most-active December cotton settled up 96 points at 62.90 cents a pound, and the nearby October contract settled 90 points higher at 61.50.
In early dealings, cotton shrugged off weakness from Friday’s price drop as commercial traders bought futures to hedge [...]
KARACHI (September 29 2009): Heavy selling pressure was witnessed at Karachi share market on Monday and KSE-100 index lost 254.67 points to close at 9,409.58 points. The investors remained cautious and opted for profit taking just before a day of expected announcement of monetary policy statement by the State Bank of Pakistan on Tuesday.
The market [...]
LAHORE: Bearish trend kept the Lahore stocks under pressure on Monday and the equities registered losses amid reduced trading turnover in the absence of buying support while profit taking in oil and banking shares also forced the investors to remain on the sidelines.
The lSE-25 index dropped to 2915.51 points from 3030.43 points of last Friday, [...]
NEW YORK–Wide-scale selling amid technical cues and forecasts for favorable weather hit ICE U.S. Futures cotton hard Friday as the market reversed from a six-week high.
Most-active December cotton settled 287 points lower at 61.94 cents a pound, just short of an exchange-imposed daily trading limit, and the nearby October contract ended down 246 points [...]
Gold futures continued to correct lower Friday, initially falling as the euro slid but then staying on the defensive even when the dollar gave up its early gains.
December gold fell $7.30 to $991.60 an ounce on the Comex division of the New York Mercantile Exchange. December silver fell 23.5 cents to $16.06.
A trader characterized the [...]
“Because in life there are winners, there are losers…”
Those were the distinctive words uttered by WWE Hall of Famer Howard Finkel at the start of every edition of “The Dirt Sheet,” hosted by Intercontinental Champion John Morrison.
Clearly, Morrison has been one of life’s “winners” as of late. The Friday Night Delight enjoyed a career-changing win [...]
NEW YORK–Support from bullish economic indicators and weather concerns boosted ICE Futures U.S. cotton to fresh one-month highs Thursday.
Most-active December cotton settled up 66 at 64.18 cents a pound, off of the 64.21 high, and the nearby Oct contract settled 54 higher at 62.66.
Cotton traded sideways to higher for most of the session amid buying [...]
Gold futures declined as participants booked profits amid the metal’s recent strong performance, but the commodity still managed to close above $1,000 an ounce.
December gold fell $6.70 to settle at $1,013.50 an ounce on the Comex division of the New York Mercantile Exchange.
“That’s definitely some profit-taking,” said Sterling Smith, market analyst with Country Hedging.
Some participants [...]
LAHORE: Bullish sentiments continued to prevail for the second consecutive day on the Lahore Stock Exchange (LSE) on Thursday and the equities registered gains across the board following fresh buying in selective shares. The LSE-25 index further increased by 37.80 points and closed at 2921.40 against 2883.60 of Wednesday while transaction volume also significantly increased [...]
