Wednesday 31 August 2016

MCX TIPS | COMMODITY MARKET NEWS REPORT 01 SEPTEMBER 2016.


COMMODITY MARKET OUTLOOK

Gold dropped after forecast-beating U.S. jobs data stoked speculation that the Federal Reserve would move ahead with plans to raise interest rates.
Base Metal Silver settled flat as upbeat U.S. employment data added to speculation that the Federal Reserve is gearing up to hike interest rates as soon as next month.
Crude oil prices ended with losses after data showed that oil supplies in the U.S. rose for the second week in a row.
Copper settle flat but prices remained under pressure after rising inventories in Asia signalled muted demand from top consumer China.
Zinc settled flat with markets waiting for a swathe of data that could shed fresh light on China's appetite for metals.
Nickel prices dropped as continued strength in the U.S. dollar is working to keep pressure on prices.
Natural gas gained reversing course after two days of losses as a storm brewing in the Gulf of Mexico continued to strengthen.



Commodity Market update:-

GOLD
PP-30759
R1- 30848                                    S1-30634
R2- 30975                                    S2-30545

SILVER
PP-44957
R1- 45187                                    S1-44571
R2- 45575                                    S2-44341

CRUDE OIL
PP-3043
R1- 3090                                    S1-2957
R2- 3176                                    S2-2910


NATURAL GAS
PP-193.20
R1- 197.4                                    S1-190.3
R2- 200.3                                    S2-186.1


COPPER
PP-313.4
R1- 314.3                                    S1-312.0
R2- 315.7                                    S2-311.1


COMMODITY NEWS

Japanese Chief Cabinet Secretary Yoshihide Suga said the government is watching market moves carefully and is ready to respond "appropriately", when asked whether Tokyo could intervene in the currency market to stem excessive yen rises. Suga, the government's top spokesman, also defended the Bank of Japan's controversial negative interest rate policy, saying that such steps would benefit financial institutions if they help improve the economy. "The Ministry of Finance, the Financial Services Agency and the BOJ now hold regular meetings on markets," Suga told in an interview. "Through the meetings, the government will closely watch market moves and respond appropriately," he said when asked whether Japanese authorities could intervene in the currency market if the yen spikes abruptly. Japan's economy ground to a halt in April-June and analysts expect any rebound in the current quarter to be modest, as weak global growth and the yen's 20 percent rise against the dollar this year have hurt exports and capital spending. The BO J's decision in January to adopt negative interest rates has failed to arrest unwelcome yen gains and instead drew market criticism for hurting financial institutions' profits. Suga said the BO J's policies will give financial institutions "huge" Benefits if they successfully boost the economy, adding that it was up to the central bank to decide on specific monetary policy steps.

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Tuesday 30 August 2016

Commodity Markets Update Report 31 august 2016.

COMMODITY MARKET OUTLOOK

Gold fell after Federal Reserve officials sounded a hawkish note on interest rates, boosting the dollar.
Base Metal Silver dropped as investors focused on the next set of U.S. data to see whether it supports expectations that Fed will raise interest rates soon.
Crude dropped on dollar gains and fading hopes of a production freeze while concerns about additional output weighed on sentiment.
Copper dropped Copper dropped as inventories rose and the market focused on U.S. non-farm payrolls data later this week.
Zinc dropped on profit booking tracking weakness in LME prices, but prices eyed monthly advances on worries about shortages due to mine closures.
Nickel prices dropped as continued strength in the U.S. dollar is working to keep pressure on prices.
Natural gas fell erasing earlier gains on expectations that storms in the Atlantic Ocean wouldn’t disrupt production.





Commodity Market update:-
GOLD
PP-30892
R1- 30989                                    S1-30735
R2- 31131                                    S2-30648

SILVER
PP-44065
R1- 44214                                    S1-43831
R2- 44448                                    S2-43682

CRUDE OIL
PP-3144
R1- 3174                                     S1-3095
R2- 3223                                     S2-3065


NATURAL GAS
PP-192.8
R1- 195.7                                    S1-187.7
R2- 200.7                                    S2-184.9


COPPER
PP-307.6
R1- 308.9                                    S1-305.7
R2- 310.8                                    S2-304.4

COMMODITY NEWS

Personal income and spending in the U.S. rose in line with economist estimates in the month of July, according to a report released by the Commerce Department. The Commerce Department said personal income climbed by 0.4 percent in July after rising by 0.3 percent in June. The increase in income matched economist estimates. Disposable personal income, or personal income less personal current taxes, also increased by 0.4 percent in July after climbing by 0.3 percent in the previous month. The report also said personal spending rose by 0.3 percent in July following a 0.5 percent increase in June. The spending growth also met expectations. Real spending, which is adjusted to remove price changes, also climbed by 0.3 percent in July after rising by 0.4 percent in June? With income increasing by slightly more than spending, personal saving as a percentage of disposable personal income ticked up to 5.7 percent in July from 5.5 percent in the previous month. The Commerce Department also said its personal consumption expenditures price index was unchanged in July after inching up by 0.1 percent in June. The annual rate of growth slowed to 0.8 percent from 0.9 percent.


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Monday 29 August 2016

COMMODITY MARKET NEWS REPORT 30 AUGUST 2016.


COMMODITY MARKET OUTLOOK

Gold rebounded as dollar dropped, shrugging off earlier pressure by Fed’s comments fuelling speculation that U.S. interest rates would rise sooner rather than later.
Base Metal Silver gains as prices recovered as investors looking for bargains stepped in to buy up the precious metal.
Crude oil dropped on renewed concerns about an oil glut and expectations that Nigerian rebels will stop hampering that country's crude output.
Copper prices traded in the range as a holiday in London market drained the market of direction.
Zinc prices ended with gains as speculators bid up metals with supply concerns.
Nickel gains rise in prices was mainly due to supply shortages after the suspension of operations at eight mines in the Philippines.
Natural gas dropped reversing earlier gains, on uncertainty about the potential for storms to reach the Gulf of Mexico.




Commodity Market update:-

GOLD
PP-31016
R1- 31155                                    S1-30940
R2- 31235                                    S2-30800

SILVER
PP-44135
R1- 44711                                    S1-43790
R2- 45055                                    S2-43214

CRUDE OIL
PP-3169
R1- 3195                                    S1-3148
R2- 3215                                    S2-3122


NATURAL GAS
PP-194.80
R1- 196.5                                    S1-192.0
R2- 199.3                                    S2-190.3


COPPER
PP-308.5
R1- 309.2                                    S1-307.7
R2- 310.0                                    S2-307.0

COMMODITY NEWS

Federal Reserve (Fed) Chair Janet Yellen attracted attention when she spoke at the Jackson Hole symposium on Friday, saying that she saw recent data supporting the case for further tightening. Yellen believes a rate-hike could be justified when looking at the recent data, adding to the belief that the Fed is getting closer to reaching both of its goals - the labour market and inflation. As for the economy, she sees it permanently expanding, albeit at a somewhat slower pace. One contributor to the pace is solid spending, while investment remains a laggard with lower foreign investment activity.

Despite her comments, the Fed remains strictly data dependent, with monetary policy not on a preset course, Yellen stated. As for actual monetary policy, Yellen said it's worth looking at a broader range of asset purchases in the future. Nevertheless, the idea of cutting rates if the economy worsened is limited, with Yellen only seeing very limited scope for rate cuts under such conditions.

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COMMODITY MARKET NEWS UPDATE REPORT 29 AUGUST 2016.

Commodity market Outlook

Gold prices pared gains as while the dollar turned up and U.S. stocks fell, as investors struggled to decipher the timing of a U.S. interest rate increase.
Base Metal Silver prices ended with gains as support seen following a slight downward revision to U.S. second quarter economic growth.
 Crude oil prices ended with gains as support seen after reports of Yemeni missiles hitting Saudi Arabia's oil facilities.
Copper settled flat as prices remained under pressure on surging inventories and signs of weak demand in China.
 Zinc rallied as fresh shutdowns in China's steel sector added to mine supply concerns to ignite a short-covering rally.
Nickel prices settled flat as doubts about Chinese demand and high stockpiles of the metal damped the outlook for the market.
Natural gas prices gained as support seen after data showing that inventories of the fuel grew far less than average for this time of year.






Commodity Market update:-

GOLD
PP-31067
R1- 31243                                    S1-30814
R2- 31495                                    S2-30635

SILVER
PP-44119
R1- 44581                                    S1-43515
R2- 45185                                    S2-43055

CRUDE OIL
PP-3199
R1- 3242                                    S1-3150
R2- 3291                                    S2-3107


NATURAL GAS
PP-195.6
R1- 200.0                                    S1-192.8
R2- 203.4                                    S2-187.8


COPPER
PP-308.3
R1- 310.0                                    S1-306.3
R2- 312.0                                    S2-304.6


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Friday 26 August 2016

COMMODITY MARKET OUTLOOK REPORT 26 AUGUST 2016.


COMMODITY MARKET NEWS UPDATE

Gold seen under pressure from upbeat U.S. data in the run-up to a speech by Fed’ Yellen that will be watched for clues on monetary policy.
Base Metal Silver dropped adding to losses after a pair of U.S. economic reports increased the chances of an interest rate increase in coming months.
Crude oil recovered trimming this week's losses despite reports suggesting Saudi will not curb production.
Copper dropped as prices seen under pressure from a rise in LME copper stocks, bringing total stocks to 263,875, a jump of 72 percent since June 1.
Zinc ended up as investors continued to bet that lower mine output would create shortages.
Nickel dropped after worries eased that an environmental crackdown on mines in the Philippines would create shortages of metal.
Natural gas prices rallied in a series of far-below-average storage additions convincing traders a glut is easing.




Commodity Report News

GOLD
PP-30944
S1 - 30840                                         R1-31035
S2- 30740                                          R2-31145

SILVER
PP-43700
S1 - 43481                                          R1-43880
S2- 43302                                           R2-44095

COPPER
PP-308.3
S1 -306.7                                            R1-309.7
S2- 305.7                                            R2-310.9

NATURAL GAS
PP-189.7
S1 – 187.6                                          R1-193.2
S2-   184.1                                          R2-195.3

CRUDE OIL
PP-3154
S1 - 3129                                           R1-3184
S2- 3099                                            R2-3209


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Thursday 25 August 2016

COMMODITY MARKET OUTLOOK TODAY REPORT 25 AUGUST 2016.

COMMODITY REPORT UPDATE

Gold dropped as the dollar strengthened and markets looked ahead to a speech by Federal Reserve Chair Janet Yellen.
 Base Metal Silver traded in a narrow range as investors waited for clues on whether the U.S. Federal Reserve would hike interest rates this year.
Crude oil tumbled after an unexpectedly large inventory build in the world's biggest oil consumer renewed worries about oversupply.
Copper prices ended with losses as the highest stockpiles in almost seven months suggest the market is amply supplied.
 Zinc dropped tracking other metals and update that China's imports of zinc slumped on the month in July.
 Nickel prices ended with losses as fears fade over a wholesale halt to Philippine ore exports.
Natural gas rallied to settle above 188 levels on increased concerns that a storm could hit the Gulf of Mexico.




COMMODITY MARKET UPDATE:-

GOLD
PP-31143
R1- 31259                                                       S1-30930
R2- 31460                                                       S2-30810

SILVER
PP-44012
R1- 44302                                                       S1-43476
R2-44838                                                        S2-43186


COPPER
PP-310.4
R1-312.7                                                         S1-306.5
R2- 316.6                                                        S2-304.2

CRUDE OIL
PP-3166
R1-3200                                                          S1-3114
R2-3252                                                          S2-3080


NATURAL GAS
PP-187.5
R1- 190.2                                                       S1-185.5
R2- 192.2                                                       S2-182.8


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Wednesday 24 August 2016

COMMODITY MARKET OUTLOOK 24 AUGUST 2016.


Commodity market news update:-

Gold settled flat as markets shifted focus from comments by Fed official over the weekend to a meeting of global central bankers later this week.
Base Metal Silver settled flat ahead of a speech by Fed’s Janet Yell-en later this week that could provide clues about the timing of a U.S interest rate hike.
Crude oil prices ended with gains on report that Iran may support coordinated crude-output freeze.
Natural gas rallied above 184 level as forecasts for warmer than normal temperatures across the US in the days ahead.
Zinc prices settled up at 154.75 as lower mine supply has eroded feed for smelters.
Nickel prices ended with losses as pressure seen with a stronger dollar hitting the prices.
Ref soy oil ended with flat node amid expectation of higher supply. Cereals Mentha oil prices gained amid a pickup in physical demand from major consuming industries in the domestic spot Oil and Oil seeds & Others market.
Soybean prices gained on short covering after prices dropped tracking reports of better production due to good monsoon Energy Copper prices slipped below 314 level to six-week lows on market jitters over the timing of U.S. interest rate rises.




Commodity market price:-
 Gold
 PP -31349                                           
 R1-31440                              S1-31280
 R2-31500                              S2-31195

Silver         
Pp - 44609    
R1- 44768                             S1-44338
R2- 45040                             S2-44185

Copper
PP-315.3
R1-317.3                               S1-312.0
R2-320.6                               S2-310.0

Natural Gas
 PP-182.2
R1- 186.5                              S1-179.8
R2-188.9                               S2- 175.2

Crude oil
pp-3211
R1-3284                                 S1-3167
R2-3328                                 S2-3098


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Tuesday 23 August 2016

COMMODITY MARKET NEWS UPDATE 23 AUGUST 2016.

COMMODITY MARKET OUT LOOK

Gold dropped as the U.S. dollar rallied amid indications the Federal Reserve could raise interest rates as early as next month.
Base Metal Silver dropped as the dollar strengthened after comments from U.S. Federal Reserve officials increased bets on a U.S. rate hike this year.
Crude dropped on worries about burgeoning Chinese fuel exports, more Iraqi and Nigerian crude shipments and arising US oil rig count.
Copper edged down in the face of a stronger dollar and as glut-hit China ramped up its exports of the metal.
Zinc settled flat as pressure seen as dollar gained after hawkish comments from Fed official after prices seen supported on escalating concern about mine supplies.
 Nickel prices dropped tracking LME prices as Philippines mine closures tail off.

Natural gas rose to a two-week high again as support seen from hotter weather forecasts boosted demand expectations.





GOLD OCT 2016
PP-31326
S1-31257                                  R1-31448
S2-31135                                  R2-31517

SILVER
PP-44730
S1-44204                                   R1-45043
S2-43889                                   R2-45571

CRUDE OIL
PP-3237
S1-3179                                     R1-3271
S2-3145                                     R2-3329

COPPER
PP- 318.7
S1-316.3                                    R1- 320.8
S2-314.2                                    R2-323.2

NATURAL GAS
PP-178.9
S1-176.5                                    R1-181.8
S2-173.6                                    R2-184.2

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Monday 22 August 2016

COMMODITY MARKET NEWS UPDATE 22 AUGUST 2016

commodity market news
Gold dropped after trading in tight trade as hawkish comments from U.S. Federal Reserve officials renewed bets on a U.S. rate hike this year.
Base Metal Silver prices slipped lower as the minutes of the Federal Reserve’s latest policy meeting continued to weigh on the greenback.
Crude oil gains on speculation that Saudi Arabia and other members of OPEC will agree next month to a production freeze deal with non-OPEC producers.
Copper gained after trading in the range as persistent concern about excess copper supply in the second half limited the upside.
Zinc gained and remained supported for the week propped up by firm demand and tighter supply in top market China.
Nickel gains as support seen amid tightening global supplies because of a mining clampdown in the Philippines and rising demand.

Natural gas prices ended with losses on expectations that the surplus of the fuel is set to persist. 





MCX Gold Oct-16 --     
 Pp-31399
 S1- 31331                             R1-31473
 S2- 31266                            R2- 31535
  
SILVER Sep 16-
PP-45551
S1-45141                                R1-45829
S2-44881                               R2-46174. 

Copper Aug 16
Pp- 321.5
S1-320.9                              R1-322.9
S2- 319.8                             R2-323.6

CRUDE OIL
PP-3232
S1-3211                               R1-3251
S2-3193                               R2-3270

NATURAL GAS AUGUST-16
PP-176.0
S1-173.1                              R1- 177.6
S2-171.4                              R2-180.0          
      
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Friday 19 August 2016

bullion news update | commodity market news update 19 august 2016.

BULLION TIPS NEWS UPDATE 

Gold rose on Thursday buoyed by a weaker dollar after minutes from the U.S. Federal Reserve's July meeting showed policymakers were divided over whether to raise interest rates soon. Meanwhile US data reports showed the number of Americans filing for unemployment benefits fell more than expected last week while manufacturing activity in the U.S. Mid-Atlantic region saw a mild improvement this month. This limited upside in bullion prices. However, prices were weak on Friday morning in Asian trade after New York Fed President William Dudley said strong recent U.S. job growth and a long-awaited return of middle-wage employment are two positive signs for the labor market, appearing to reinforce his more confident message on a possible interest rate hike. In other news, European Central Bank rate setters agreed not to discuss any policy change at their July meeting and to keep market hopes for more stimulus in check, despite rising risks linked to Britain's vote to leave the European Union, minutes showed on Thursday.
The accounts of the meeting suggested the ECB's Governing Council, which will meet again on Sept. 7- 8 and examine new inflation forecasts, was in no rush to act, taking comfort from a calmer-than expected market reaction to the Brexit vote even though risks had "clearly increased". Shanghai bullion prices were mixed on Friday morning with gold trading lower and silver prices trading higher. Domestic bullion prices were trading lower on Friday morning.