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Thursday, November 5, 2015

Today's US Data update and it's possible impact.




We have seen panic selling in base metal while panic continues in bullion too.


Today's Data update



1) US Unemployment Claims at 7 pm. Previous data stood at 260k and this time forecast is of 263k.

Data forecast figure seems to be slightly positive for base metal




2) US Prelim Nonfarm productivity q/q basis at 7pm. Previous data stood at 3.3% and this time forecast is of 0.1%.

Forecast figure seems to be positive for bullion and negative for base metal




3) Natural Gas Storage at 9 pm. Previous data stood at 63B and this time forecast is of 60B. Forecast figure seems to be slightly positive for Natural gas.




Trade with levels only..Anything seems will update