This document provides daily and weekly support and resistance levels for various commodities trading on the MCX and NCDEX exchanges. It also includes brief summaries of recent international and domestic news related to commodities such as gold, silver, crude oil, aluminum, copper, refined soya, chana, jeera, castorseed, and rape mustard seed. Additionally, it contains a legal disclaimer from Ways2Capital regarding the information presented.
Continuing its slide for a fourth consecutive day, gold prices on Thursday dipped below Rs 25,000, having lost Rs 40 to trade, reaching its lowest in over four-year at Rs 24,980 per 10 grams (g) at the domestic bullion market.
The document provides daily and weekly price levels for various commodities traded on the MCX and NCDEX exchanges in India. It also includes international and domestic news related to commodity price movements. Key points from the document include:
- Gold prices on MCX fell by Rs. 60 due to weak global cues and easing domestic demand from jewelers. Imports in the first 8 months of 2015 were 40% higher than the same period last year.
- Nickel and zinc prices on MCX fell slightly due to weakness in base metals on the LME following weak US manufacturing data. Aluminum prices declined 1.45% due to trimming of positions and sluggish domestic demand.
- Crude
Commodity Research Report 19 October 2015 Ways2Capitalways2capitalindore
Gold prices fell 0.43 per cent to Rs 27,360 per 10 grams in futures trade, amid a weak trend
overseas and profit-booking by speculators At the Multi Commodity Exchange, gold for
Commodity Research Report 23 November 2015 Ways2Capitalways2capitalindore
• Nickel smelter developers are putting projects on hold as they struggle to get financing with metal prices near their lowest in more than a decade, industry and government stakeholders
said on Wednesday.
The government is gearing up to launch the gold monetization scheme around Diwali with an interest rate of 1.5-2% on gold deposits.As regards the sovereign gold bond scheme, the government aims to raise Rs 15,000 crore and the timing of the launch will be decided consultations with the Reserve Bank.
Alcoa Inc said on Thursday it will permanently close its 269,000 tonne-per-year Warrick Operations smelter in Evansville, Indiana, by the end of first quarter, the latest in a string of
U.S. smelter curtailments as producers struggle with tumbling prices.
This document provides daily and weekly levels for various commodities traded on the MCX and NCDEX exchanges. It also includes international and domestic news related to commodities like bullion, energy, base metals, and agricultural commodities traded on the exchanges. The news discusses movements in gold, crude oil, copper, zinc, and nickel prices. It also mentions steps taken by FMC to reduce evening trading time for some agri commodities and Maharashtra's plans to use cloud seeding to generate artificial rainfall and save kharif crops.
Gold scaled higher on Friday, further off a four-month low, as the dollar tumbled against the euro on signs of progress in Greece's efforts to secure fresh funding. Spot gold was up 0.2 percent at $1,161.88 an ounce by 1029 GMT.
Continuing its slide for a fourth consecutive day, gold prices on Thursday dipped below Rs 25,000, having lost Rs 40 to trade, reaching its lowest in over four-year at Rs 24,980 per 10 grams (g) at the domestic bullion market.
The document provides daily and weekly price levels for various commodities traded on the MCX and NCDEX exchanges in India. It also includes international and domestic news related to commodity price movements. Key points from the document include:
- Gold prices on MCX fell by Rs. 60 due to weak global cues and easing domestic demand from jewelers. Imports in the first 8 months of 2015 were 40% higher than the same period last year.
- Nickel and zinc prices on MCX fell slightly due to weakness in base metals on the LME following weak US manufacturing data. Aluminum prices declined 1.45% due to trimming of positions and sluggish domestic demand.
- Crude
Commodity Research Report 19 October 2015 Ways2Capitalways2capitalindore
Gold prices fell 0.43 per cent to Rs 27,360 per 10 grams in futures trade, amid a weak trend
overseas and profit-booking by speculators At the Multi Commodity Exchange, gold for
Commodity Research Report 23 November 2015 Ways2Capitalways2capitalindore
• Nickel smelter developers are putting projects on hold as they struggle to get financing with metal prices near their lowest in more than a decade, industry and government stakeholders
said on Wednesday.
The government is gearing up to launch the gold monetization scheme around Diwali with an interest rate of 1.5-2% on gold deposits.As regards the sovereign gold bond scheme, the government aims to raise Rs 15,000 crore and the timing of the launch will be decided consultations with the Reserve Bank.
Alcoa Inc said on Thursday it will permanently close its 269,000 tonne-per-year Warrick Operations smelter in Evansville, Indiana, by the end of first quarter, the latest in a string of
U.S. smelter curtailments as producers struggle with tumbling prices.
This document provides daily and weekly levels for various commodities traded on the MCX and NCDEX exchanges. It also includes international and domestic news related to commodities like bullion, energy, base metals, and agricultural commodities traded on the exchanges. The news discusses movements in gold, crude oil, copper, zinc, and nickel prices. It also mentions steps taken by FMC to reduce evening trading time for some agri commodities and Maharashtra's plans to use cloud seeding to generate artificial rainfall and save kharif crops.
Gold scaled higher on Friday, further off a four-month low, as the dollar tumbled against the euro on signs of progress in Greece's efforts to secure fresh funding. Spot gold was up 0.2 percent at $1,161.88 an ounce by 1029 GMT.
Commodity Research Report 07 December 2015 Ways2Capitalways2capitalindore
Goldman Sachs said on Friday that oil prices will likely remain "lower for even longer," as OPEC members failed to agree on a new production ceiling at the cartel's meeting in Vienna.
Gold prices fell by Rs 50 to Rs 25,958 per 10 grams in futures trade on Wednesday amid a weak global trend.At Multi Commodity Exchange, gold for October contacts fell by Rs 50, or 0.19%, to Rs25,958 per 10 grams in a business turnover of 354 lots.
The document provides daily and weekly technical analysis levels for various commodities trading on the MCX, NCDEX and forex markets. It also includes weekly buy and sell calls, and summaries recent news and price movements for commodities like gold, crude oil, and metals. The document is a weekly newsletter analyzing commodity market conditions.
Gold prices fell Rs 49 to Rs 26,698 per 10 grams in futures trade today as participants trimmed their positions, largely in tune with a weak trend overseas.
Gold prices edged lower on Friday as stocks firmed and the US dollar rose on expectations the Federal Reserve would raise interest rates by the end of the year. Spot gold was down 0.1 per
cent at $1,256.50 an ounce by 0257 GMT. The metal was on track to end the week mostly flat.
Gold prices on Friday fell by Rs 320 to trade at Rs 25,050 per 10 gm and silver cracked the Rs. 34,000-level to trade at about five-year low at the bullion market here due to a weak trend in global market and slackened demand from jewelers and retailers.
Commodity Research Report 02 November 2015 Ways2Capitalways2capitalindore
Gold prices today fell Rs 76 to Rs 26,777 per 10 gram in futures trade amid a weak global trend. At Multi Commodity Exchange, gold delivery in far-month February next year fell Rs 76, or 0.28%, to Rs 26,777 per 10 gram, in a business turnover of four lots.
Commodity Research Report 26 October 2015 Ways2Capitalways2capitalindore
China's central bank cut interest rates on Friday for the sixth time in less than a year, and it again lowered the amount of cash that banks must hold as reserves in a bid to jump start growth
in its stuttering economy
Commodity Research Report 30 November 2015 Ways2Capitalways2capitalindore
Gold futures were down by Rs 37 to Rs 25,244 per 10 gram today as participants trimmed their positions. In futures trading, gold for delivery in December traded Rs 37, or 0.15% lower at Rs
25,244 per 10 gram in a business turnover of 350 lots at the Multi Commodity Exchange
China's factories suffered their fastest drop in activity in a year in April as new orders shrank, a private business survey showed on Monday, hardening the case for fresh policy stimulus to halt a slowdown in the world's second-largest economy. The HSBC/Markit Purchasing Managers'
Index (PMI) fell to 48.9 in April - the lowest level since April 2014 - from 49.6 in March, as demand faltered and deflationary pressures persisted.
Gold rose to a two-week high on Friday as the Federal Reserve's decision to leave US interest rates unchanged weighed on the dollar and added to uncertainty over the timing of the first rate hike in a decade. Spot gold was up 0.5 per cent at $1,136.06 an ounce, having earlier touched
$1,138.80, keeping it on track to snap a three-week losing streak.
The finance ministry is considering introducing measures to stop malpractices of importing pure gold under that garb of dore bars or unrefined gold. It may ask jewellers and refiners to follow know your
supplier, clients norms prescribed by the Organisation for Economic Co-operation and Development
Iraq's government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a senior oil ministry official in Baghdad told Reuters.
Gold and Silver prices have found bases and look set to remain range bound for now. The lack of any immediate geopolitical tension over North Korea has reduced the need for haven demand. With equities still generally upbeat, the opportunity cost of holding bullion is high, but the fact precious metals prices
Commodity Research Report 14 December 2015 Ways2Capitalways2capitalindore
Gold drifted lower on Friday and was headed for the seventh weekly drop in eight weeks as investors positioned for a looming US rate hike. A strong US nonfarm payrolls report last week
cemented expectations of a rate hike at the Federal Reserve's policy meeting on December 15- 16.
Commodity Research Report 28 December 2015 Ways2Capitalways2capitalindore
The document provides daily and weekly technical analysis levels for various commodities trading on the MCX, NCDEX and forex markets. It also includes brief international and domestic news updates on precious metals like gold and silver, crude oil, natural gas and other agricultural commodities. The technical analysis levels and calls can help traders and investors with entry and exit points, while the news updates provide context on supply and demand factors impacting commodity prices.
The central government has asked state governments to use e-auctions to procure agricultural commodities as part of efforts to create a national common market. NCDEX's mandi modernisation programme has linked all APMCs in Karnataka electronically, allowing farmers to get a single state price. NCDEX is also working to unify mandis in other states like Telangana, Andhra Pradesh, Punjab, Haryana and UP through its Unified Market Platform. The exchange has also launched forward trading in commodities for farmers to sell their produce.
- MCX daily and weekly levels are provided for various commodities like aluminum, copper, crude oil, gold, lead, natural gas, nickel, silver, zinc, soybean, jeera and castorseed.
- International news highlights a strong US jobs report, Chinese commodity funds eyeing opportunities in agriculture and oil, and US dollar strengthening against other currencies.
- On the commodities front, gold prices rose over 4% on safe haven demand. Crude oil prices declined over 10% to near 12-year lows on global oversupply. Copper prices fell over 4% on concerns over Chinese economic weakness.
This document provides daily and weekly technical analysis and levels for various commodities trading on the MCX, NCDEX and currency markets. It also includes international commodity news. For metals like gold, silver, copper, nickel, lead and zinc it lists support and resistance levels and recent price movements. For energy it discusses crude oil prices. It also provides recommendations to buy or sell various commodities based on technical analysis.
Gold, silver, copper, nickel, lead, zinc, aluminium and crude oil futures prices increased on the Multi Commodity Exchange as speculators covered short positions or added long positions amid rising demand or firming trends in domestic and global spot markets. Mentha oil and natural gas futures declined as traders trimmed positions due to weak demand from consuming industries or profit taking from recent rallies. Cotton exports are expected to be lower than estimated due to a slowdown in China and higher domestic prices initially.
The Market has started off week on a positive note, tracking global cues post US job data.The Nifty50 climbed 38 points to 7751 and 0.43 per cent. Asian market is also opened in a positive note tracking the US market on Monday.
The Market opened in positive Note on Monday with equity
benchmark Nifty 50 up by 29 points or 0.33 percent above at 8712. Indian markets remained upbeat post the passage of the Goods and Services Tax bill even as the
Commodity Research Report 07 December 2015 Ways2Capitalways2capitalindore
Goldman Sachs said on Friday that oil prices will likely remain "lower for even longer," as OPEC members failed to agree on a new production ceiling at the cartel's meeting in Vienna.
Gold prices fell by Rs 50 to Rs 25,958 per 10 grams in futures trade on Wednesday amid a weak global trend.At Multi Commodity Exchange, gold for October contacts fell by Rs 50, or 0.19%, to Rs25,958 per 10 grams in a business turnover of 354 lots.
The document provides daily and weekly technical analysis levels for various commodities trading on the MCX, NCDEX and forex markets. It also includes weekly buy and sell calls, and summaries recent news and price movements for commodities like gold, crude oil, and metals. The document is a weekly newsletter analyzing commodity market conditions.
Gold prices fell Rs 49 to Rs 26,698 per 10 grams in futures trade today as participants trimmed their positions, largely in tune with a weak trend overseas.
Gold prices edged lower on Friday as stocks firmed and the US dollar rose on expectations the Federal Reserve would raise interest rates by the end of the year. Spot gold was down 0.1 per
cent at $1,256.50 an ounce by 0257 GMT. The metal was on track to end the week mostly flat.
Gold prices on Friday fell by Rs 320 to trade at Rs 25,050 per 10 gm and silver cracked the Rs. 34,000-level to trade at about five-year low at the bullion market here due to a weak trend in global market and slackened demand from jewelers and retailers.
Commodity Research Report 02 November 2015 Ways2Capitalways2capitalindore
Gold prices today fell Rs 76 to Rs 26,777 per 10 gram in futures trade amid a weak global trend. At Multi Commodity Exchange, gold delivery in far-month February next year fell Rs 76, or 0.28%, to Rs 26,777 per 10 gram, in a business turnover of four lots.
Commodity Research Report 26 October 2015 Ways2Capitalways2capitalindore
China's central bank cut interest rates on Friday for the sixth time in less than a year, and it again lowered the amount of cash that banks must hold as reserves in a bid to jump start growth
in its stuttering economy
Commodity Research Report 30 November 2015 Ways2Capitalways2capitalindore
Gold futures were down by Rs 37 to Rs 25,244 per 10 gram today as participants trimmed their positions. In futures trading, gold for delivery in December traded Rs 37, or 0.15% lower at Rs
25,244 per 10 gram in a business turnover of 350 lots at the Multi Commodity Exchange
China's factories suffered their fastest drop in activity in a year in April as new orders shrank, a private business survey showed on Monday, hardening the case for fresh policy stimulus to halt a slowdown in the world's second-largest economy. The HSBC/Markit Purchasing Managers'
Index (PMI) fell to 48.9 in April - the lowest level since April 2014 - from 49.6 in March, as demand faltered and deflationary pressures persisted.
Gold rose to a two-week high on Friday as the Federal Reserve's decision to leave US interest rates unchanged weighed on the dollar and added to uncertainty over the timing of the first rate hike in a decade. Spot gold was up 0.5 per cent at $1,136.06 an ounce, having earlier touched
$1,138.80, keeping it on track to snap a three-week losing streak.
The finance ministry is considering introducing measures to stop malpractices of importing pure gold under that garb of dore bars or unrefined gold. It may ask jewellers and refiners to follow know your
supplier, clients norms prescribed by the Organisation for Economic Co-operation and Development
Iraq's government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a senior oil ministry official in Baghdad told Reuters.
Gold and Silver prices have found bases and look set to remain range bound for now. The lack of any immediate geopolitical tension over North Korea has reduced the need for haven demand. With equities still generally upbeat, the opportunity cost of holding bullion is high, but the fact precious metals prices
Commodity Research Report 14 December 2015 Ways2Capitalways2capitalindore
Gold drifted lower on Friday and was headed for the seventh weekly drop in eight weeks as investors positioned for a looming US rate hike. A strong US nonfarm payrolls report last week
cemented expectations of a rate hike at the Federal Reserve's policy meeting on December 15- 16.
Commodity Research Report 28 December 2015 Ways2Capitalways2capitalindore
The document provides daily and weekly technical analysis levels for various commodities trading on the MCX, NCDEX and forex markets. It also includes brief international and domestic news updates on precious metals like gold and silver, crude oil, natural gas and other agricultural commodities. The technical analysis levels and calls can help traders and investors with entry and exit points, while the news updates provide context on supply and demand factors impacting commodity prices.
The central government has asked state governments to use e-auctions to procure agricultural commodities as part of efforts to create a national common market. NCDEX's mandi modernisation programme has linked all APMCs in Karnataka electronically, allowing farmers to get a single state price. NCDEX is also working to unify mandis in other states like Telangana, Andhra Pradesh, Punjab, Haryana and UP through its Unified Market Platform. The exchange has also launched forward trading in commodities for farmers to sell their produce.
- MCX daily and weekly levels are provided for various commodities like aluminum, copper, crude oil, gold, lead, natural gas, nickel, silver, zinc, soybean, jeera and castorseed.
- International news highlights a strong US jobs report, Chinese commodity funds eyeing opportunities in agriculture and oil, and US dollar strengthening against other currencies.
- On the commodities front, gold prices rose over 4% on safe haven demand. Crude oil prices declined over 10% to near 12-year lows on global oversupply. Copper prices fell over 4% on concerns over Chinese economic weakness.
This document provides daily and weekly technical analysis and levels for various commodities trading on the MCX, NCDEX and currency markets. It also includes international commodity news. For metals like gold, silver, copper, nickel, lead and zinc it lists support and resistance levels and recent price movements. For energy it discusses crude oil prices. It also provides recommendations to buy or sell various commodities based on technical analysis.
Gold, silver, copper, nickel, lead, zinc, aluminium and crude oil futures prices increased on the Multi Commodity Exchange as speculators covered short positions or added long positions amid rising demand or firming trends in domestic and global spot markets. Mentha oil and natural gas futures declined as traders trimmed positions due to weak demand from consuming industries or profit taking from recent rallies. Cotton exports are expected to be lower than estimated due to a slowdown in China and higher domestic prices initially.
The Market has started off week on a positive note, tracking global cues post US job data.The Nifty50 climbed 38 points to 7751 and 0.43 per cent. Asian market is also opened in a positive note tracking the US market on Monday.
The Market opened in positive Note on Monday with equity
benchmark Nifty 50 up by 29 points or 0.33 percent above at 8712. Indian markets remained upbeat post the passage of the Goods and Services Tax bill even as the
NIFTY FIFTY : - Indian Markets witnessed magnificent rally on Friday on the back of rate cut hopes from RBI's Monetary Policy review due in December. Index Nifty saw a sharp upside rally of 132 points
from a low of 8006 to make a high of 8138 and finally closed at 8118. The Nifty open in a Negative note
Oil futures edged up on Tuesday as the U.S. dollar backed off a two-week high hit the day before, although doubts that crude producers would agree next month to an output freeze continued to drag on prices.
The document provides a technical analysis of the Nifty 50 and Bank Nifty futures indexes. It notes that both indexes opened lower on Monday due to weak global cues. For Nifty, key support levels are seen at 7,700 and 7,600-7,516, while resistance is at 7,780-7,850. For Bank Nifty, support is at 16,300-16,100 and resistance at 16,500-16,750. The analysis also provides daily, weekly and monthly resistance and support levels for both indexes going forward as well as commentary on moving averages and parabolic SAR indicators.
The document provides daily and weekly price levels and analysis for various commodities trading on the MCX, NCDEX and forex markets. It includes the following key points:
- Most metals rose led by zinc and nickel, while natural gas and crude oil prices were mixed for the week.
- The FOMC minutes signaled a likely rate hike in June boosting the US dollar and weighing on gold and silver.
- Supply disruptions in Nigeria, Venezuela and US shale bankruptcies are tightening oil supplies despite global inventories remaining high.
The Equity benchmark has opened in a positive note on Monday, the
Nifty50 is up by 10 points or 0.12 per cent at 8166. The Nifty has rallied almost 500 points
in last six to seven trading sessions
The step down in job gains could temper expectations of a strong rebound in economic activity in the second
quarter after growth nearly stalled in the first three months of the year
European Central Bank head Mario Draghi said that "growth is too low everywhere" in the
19-country eurozone despite a modest recovery. Draghi made the blunt remark as he opened a
conference on the unemployment problem plaguing several of the European Union member
countries that share the euro currency.
NIFTY FIFTY : - The Equity benchmark Nifty opened flat on Monday down by 5 points or 0.05 percent at 8710. After a splendid rally last week that pushed Nifty towards 9000
levels, profit booking was seen on the last trading day with both banking as well as IT
NIFTY FIFTY : - The Equity benchmark Nifty 50 opened in a Negative bias on Monday down by 24 points or 0.26 per cent at 8807. Nifty was positive for the last week despite
Friday’s selling. The benchmark Nifty has a major Support of 8790 which the index is
The Federal Reserve held short-term interest rates steady and officials lowered projections of how
much they’ll raise them in the coming years, signs that persistently slow economic growth and low
inflation are forcing the central bank
The Federal Reserve should be cautious on interest rate increases due to lingering risks to the U.S. economy, one of its most influential policymakers said on Monday, appearing to signal the chance of a hike by the end of the year was fading.
The equity benchmark has opened in a Positive bias on Monday with 50 Shares Nifty50 up 90 points or 1.05 per cent at 8413. The Nifty50 reclaimed its Crucial level of 8400 for the first time in last 10 Month.
NIFTY FIFTY : - The Indian Equity benchmark Nifty 50 opened in a positive note on Monday up by 29 points or 0.33 per cent at 8612. Benchmark Index Nifty traded in a very
small range of 48 points on Friday, Nifty has taken support of its two month's low of
Gold prices closed at the lowest level in nine months on Friday as expectations for higher U.S. interest rates continued to cloud the demand outlook for the precious metal.
Gold scaled higher on Friday, further off a four-month low, as the dollar tumbled against the
euro on signs of progress in Greece's efforts to secure fresh funding. Spot gold was up 0.2 per cent at $1,161.88 an ounce by 1029 GMT
Gold's image as a haven asset has taken a battering with the metal heading for its third-straight annual loss amid the sale of gold-backed funds by investors. Bullion for immediate delivery
rose 0.2 per cent to $1,063.22 an ounce at 3:32 pm. in Singapore after declining 0.7 per cent on Wednesday,
1. The document provides daily and weekly price levels for various agricultural commodities traded on the NCDEX and MCX exchanges in India.
2. It also includes a weekly newsletter section summarizing international and domestic news and developments related to precious metals, base metals, energy, and various agricultural commodities.
3. The document highlights updates on sowing areas and production estimates for commodities like jeera, chana, and soybean in India as well as pulses production in other major global producing countries.
1. The document provides daily and weekly price levels for various agricultural commodities traded on the NCDEX and MCX exchanges in India.
2. It also includes a weekly newsletter section summarizing international and domestic news and developments related to precious metals, base metals, energy, and various agricultural commodities.
3. The document highlights updates on sowing areas and production prospects for various crops in India and other countries that impact supply and price expectations.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
Gold continues to show the negative trend. Gold August contract is bearish for both short termand intra day at India's MCX. Gold has fallen back again after a brief recovery earlier this week which ended its worst losing streak in 20 years, after the Federal Reserve hinted at a rate rise in.the near future pushed the dollar towards fresh multi-year highs.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
Plunging iron ore prices are providing a lifeline for some of China's biggest steel mills, but
raising the prospect of a rising tide of exports and increased friction with the European Union
and countries such as India.
he India Meteorological Department (IMD) said on Sunday that the onset of southwest monsoon over the Kerala coast this
year could be delayed by six days and that the rains would arrive around June 7
Friday saw another rise in the price of gold, a 16 per cent rise since the year began. However, with rising prices, the market has also slipped into a historically high discount for physical
delivery. In the past two days, a discount of $30 an ounce or higher (Rs 680-700 per 10g) was quoted. In Ahmadabad on Friday, it was $32.5 an oz, by NCDEX poll data.
Spot silver prices in the international markets declined by 0.57 percent and closed at
$15.67/oz.Last week, spot silver prices in the international markets traded lower in line with
weakness in gold prices ,Strengthening dollar also acted as a negative factor for oil prices
Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.
Similar to Commodity Research Report 17 august 2015 Ways2Capital (12)
Gold in the European market settled on Monday near the highest in a week sup-ported by the decline of the US dollar against a basket of currencies and thanks to this decline prices on
The Indian Equity market remained remained positive throughout last week as the indices posted a gain of 1.6 percent each largely supported by metal, auto, energy and infra stocks. The Nifty50 index managed to close above 11,000 for the first time since September 2018. Nifty gained 172 points in the truncated week ended March 8. On a weekly basis, the rupee rose over 1
Gold prices continued to fall on Monday dropping through the 1,290 level. The dol-lar continued to gain ground early despite the comment from President Trump that he does not want to see a stronger greenback. Late in the trading session the dollar
The document provides a weekly market update with information on currency exchange rates, stock market indices, commodity prices and economic events. Some key points:
- The Indian rupee depreciated against the US dollar and Japanese yen but appreciated against the British pound.
- Domestic stock market indices like Nifty 50 and Nifty Bank saw weekly gains around 0.5-1%, while metals and media sectors gained over 2%.
- International crude oil and gold prices declined nearly 3% over the week.
- Upcoming economic events include services PMI reports from the UK and US as well as US jobs and unemployment data.
This document provides market wrap-ups and summaries for various commodities across several exchanges including NCDEX, MCX, LME, and COMEX. It includes closing prices and percentage changes for commodities such as gold, silver, crude oil, copper, aluminum, and agricultural products. It also provides upcoming economic events and calendar, weekly pivots and ranges for various currencies and commodities, and fundamental analysis for some commodity markets.
On Wednesday spot gold prices declined 0.13 percent to close at $1266.9 per ounce amid concerns about global economic growth and a partial U.S. government shut down although a rebound in investor risk appetite in the previous session lim-
After a weak start for a truncated week, the Indian indices recovered from the lows and ended with a percent gain. The Nifty was up 0.98 percent, or 105.9 points, to close at 10,859.9. Positive lead from Wall Street and rally in banking & financial stocks lifted investor sentiment. Ending the week with a Hammer candle implies further strength in the index in coming sessions. The
Gold traded on flat note on Friday after jumping more than 1 percent in the previ-ous session boosted by a crumbling dollar and as sliding stocks prompted an influx of safe haven bids after the U.S. Federal Reserve monetary policy stance aug-
This document provides a weekly market update on currency exchange rates, stock market indices, and commodity prices. It includes the weekly percentage changes for various currency pairs, stock market indices in India, and commodity prices. It also lists the top weekly gainers and losers from the stock market. Pivot point levels are provided for analyzing support and resistance levels for Nifty 50 stocks. Options open interest data is also presented.
Gold prices steadied on Friday after slipping to a week low in the previous session supported by the uncertainty around the Federal Reserves next years policy out-look while the dollar strengthened on expectations of a rate hike next week.
Last week our Indian Equity market opened on a gap down not on Monday backed by most of the exit polls results indicating possible defeat of BJP in key states. It remained in pressure till 1st session of the Tuesday where after state assembly results came out in favor of congress. Which lifted the sentiments of the market and it recovered from lower levels and it remained
Gold traded firm near a five month peak hit early on Monday supported by a disap-pointing U.S. jobs data that fuelled speculation that the Federal Reserve may stop
Last week our Indian Equity market opened on negative note and remained bearish throughout the week. The December series kick-started on a volatile note with Nifty making swing high of 10,974 and a swing low of 10,611 to end the week with a loss of 1.4 percent. The IT sector outperformed while huge selling was seen in the pharma sector (mainly Sun Pharma), auto, metals,
Gold prices were steady early on Monday as the dollar weakened on U.S. China trade truce that revived investor demand for riskier assets. Spot gold inched up 0.1 percent to $1,222.97 per ounce at the time of writing. U.S. gold futures were up 0.2
The Nifty Bank index started the last week on positive note on Monday and extended its positive run in most of the trading session in the week . The Bank Nifty ended the November F&O expiry on an optimistic note and well above the previous hurdle of 26,400 to give index closing at 26,914 on positive note on weekly basis with gain of 3.50%. Participation was seen
Gold prices traded on flat note on Thursday after rising to a two week high in the previous session as the dollar slipped with uncertainty on the pace of interest rate hikes by the U.S. Federal Reserve also supporting the metal. Spot gold traded at
Last week our Indian Equity market opened on a gap up note but Nifty failed to hold on to its important resistance levels of 10700 and saw a sharp correction in the last 3 trading session that dragged the index below 10,550. The Nifty index closed at the week’s low level of 10,511 down by almost 1.46 %. Broad-based selling was seen in cement, pharma, technology and metal
Gold prices rose on Friday as investors sought safe haven assets amid fears of a chaotic departure for Britain from the European Union. Spot gold was up 0.2 per-
This document provides a weekly market update with information on currency exchange rates, stock market indices, and commodity prices. It summarizes the weekly performance of various indices such as Nifty, Nifty Bank, and sectoral indices. It also lists the top weekly gainers and losers among stocks. The document concludes with stock-specific pivot point levels and analysis of long and short positions in Nifty options.
Gold prices were steady on Monday having dipped to a one month low in the previ-ous session after the U.S. dollar firmed on the Federal Reserves plans to gradually keep tightening borrowing costs.
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How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
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4. MCX - WEEKLY NEWS LETTERS
INTERNATIONAL NEWS
DOMESTIC DEMAND DROPPED OF GOLD✍
Consumer demand in India for gold had dropped by 25 per cent during the calendar year’s
second quarter (April-June) to 154.5 tonnes, from 204.9 tonnes a year before.In dollar terms,
says the World Gold Council (WGC), it dropped by 30 per cent to $5.9 billion during the
quarter as compared to $8.5 bn a year before. The demand forecast is 900-1,000 tonnes in 2015
(calendar year) as compared to 841 tonnes in 2014.
The fall in China’s consumer demand during the quarter from a year before was only five per
cent.Looking ahead, there are encouraging signs in moving into what are traditionally the
busiest quarters for gold buying in India and China.
China has remained much ahead of India in terms of gold demand. In the June quarter, it was
230 tonnes, compared to 154.5 tonnes. Till 2012, China was trailing India.Extreme weather
patterns overshadowed rural demand in the quarter, which had a direct impact on incomes
among the rural population (more than half of India’s demand).
Smuggling was 175 tonnes last year and would be lower this year, substantially due to better
enforcement, demand not driving towards a huge premium and official supplies (enough
importers) also available.
Jewelry demand at some high-end, branded chain stores in larger cities saw modest growth.
This contrasted with sizable losses suffered by small, independent jewelers in Tier-II and
Tier-III cities.
During April–June, jewelry retailer Titan declared it had been one of the toughest quarters for
the company, as sentiment was so weak. Jewelry sales volumes dropped by 10 per cent
year-on-year. Their Gold plus range, designed for ‘semi-urban and rural customers, was one of
the poorest performing, with sales value down 24 per cent over a year.
While wedding-related demand was affected, An interesting trend is the rapid growth of door (a
semi-pure alloy of gold and silver, usually created at the mine site and then transported to a
refinery for further purification) as a proportion of imports; this element grew five-fold, from
9.2 tonnes in Q2 of 2014 to 55.8 tonnes. This might have been driven by refiners actively
seeking out supplies of door, to make the most of the difference between duties on these and
bullion imports. In any case, the groundswell of these imports have contributed to the inventory
overhang.
Indian jewelry demand over these six months declined a modest seven tonnes from a year
before. With Diwali heralding the onset of the wedding season in mid-November, prospects for
the year's second half are supportive, particularly with the local price having dropped
5. substantially in recent weeks. Investment demand in India is, however, at a six-year low.
Despite reasonable levels of interest around Akshaya Tritiya in April, this demand contracted
for a third quarter in a row, declining 30 per cent to 36.5 tonnes.
Uncertain price expectations were a factor, as was the stock market, which has continued to
capture the attention of investors with its continued strong performance. The weak rural
economy played a further role. Those rural investors most affected by the Q1 rains were more
inclined to sell gold to supplement declining incomes than make fresh purchases.
Silver✍
Silver prices were down by Rs 307 to Rs 35,784 per kg in futures trade on Thursday, tracking a
weak trend overseas coupled with profit-booking by speculators.In futures trading, silver for
delivery in September lost Rs 307 or 0.85 per cent to trade at Rs 35,784 per kg in a business
turnover of 1,075 lots.Similarly, the white metal for delivery in December declined by Rs 298
or 0.81 per cent to Rs 36,553 per kg in a business volume of 32 lots.In Singapore, silver traded
0.74 per cent lower at USD 15.42 an ounce.Apart from profit-booking by participants, a weak
trend in precious metals in the Asian region led to the fall in silver prices in futures trade here.
Crude Oil✍
Oil prices extended losses in Asia on Wednesday as dealers worried about China's economy
following its surprise currency devaluation, while oversupply concerns also added to downward
pressure.US benchmark West Texas Intermediate (WTI) for September delivery fell five cents
to $43.03 while Brent crude for September slipped 35 cents to $48.83 in late-morning trade.
WTI yesterday sank to its lowest level since March 2009, while Brent also fell in London, after
China's central bank moved to devalue its currency by nearly two percent against the US
dollar.The People's Bank of China again lowered the daily fix that sets the value of the Chinese
currency against the greenback today by 1.62%, sending a new shock wave through financial
markets.The Chinese yuan continues to weaken for the second day, which could suggest further
weakening of oil prices.
Investors fear Beijing's move signal led concerns over growth in the world's second-largest
economy and top energy consumer, which came after data published over the weekend showed
a slump in Chinese trade.It also pushed up the greenback, which strengthened further against
Asian currencies today, which hurts dollar-denominated commodity prices by making them
more expensive for international buyers.
6. Aluminium✍
Aluminium prices fell 0.64 per cent to Rs 101.65 per kg in futures trade on Thursday after
traders reduced their exposure amid weak global cues.
Besides, sluggish demand in the domestic spot market weighed.At Multi Commodity
Exchange, aluminum for delivery this month eased 65 paise, or 0.64 per cent, to Rs 101.65 per
kg in a business turnover of 181 lots. Similarly, the metal for delivery in September traded
lower by 55 paise, or 0.53 per cent, to Rs 103.30 per kg in nine lots.Weakness in base metal
pack at the LME as China's yuan slid for the third day after its worst loss since 1994 and muted
demand at the domestic spot market kept up the pressure.Meanwhile, aluminum prices fell 0.3
per cent at LME.
Copper✍
Extending its slide, copper futures fell by another 0.96% to Rs 329.20 per kg on Wednesday as
speculators engaged in trimming positions after China lowered the yuan against the dollar for
the second straight day amid subdued demand at the domestic spot markets.Copper for delivery
this month fell by Rs 3.20, or 0.96% to Rs 329.20 per kg at the Multi Commodity Exchange in
a business turnover of 3,293 lots.The metal for delivery in far-month November shed Rs 3.25,
or 0.96%, to Rs 336.50 per kg in a business volume of 187 lots.Weakening trend in base metals
at the London Metal Exchange (LME) after China devalued its currency against the dollar for
the second day , reflecting a slower outlook for growth as the central bank stuck to its plan to
give market forces more sway in determining the exchange rate, put pressure on copper futures
here.The currency weakened 1.6% to 6.4264 per dollar after a 1.8% tumble on
Tuesday.Globally, copper for delivery in three months traded was trading 1% lower at LME.
✍ NCDEX - WEEKLY NEWS LETTERS
Refined soya✍
Refined soya oil eased by 0.46 per cent to Rs 559.70 per 10 kg in futures market on Thursday
as traders trimmed position amid ample stocks on higher supplies from producing regions
against low demand.At National Commodity and Derivatives Exchange, refined soya oil for
delivery in October fell Rs 2.60, or 0.46 per cent to Rs 559.70 per 10 kg with an open interest
of 90,025 lots.Similarly, the oil for delivery in August shed Rs 2.20, or 0.38 per cent to Rs
578.05 per 10 kg in 55,090 lots.Offloading of positions by participants triggered by sufficient
stocks against easing demand at the spot market mainly kept pressure on refined soya oil prices
in futures trade.
7. Chana✍
Chana prices were down 0.86 per cent to Rs 4,477 per quintal in futures trade on Thursday as
speculators booked profits at prevailing levels.Besides, easing demand at the spot market,
weighed on the prices.At the National Commodity and Derivative Exchange, chana for delivery
in August drifted by Rs 39, or 0.86 per cent to Rs 4,477 per quintal with an open interest of
12,960 lots.Similarly, the commodity for delivery in September traded lower by Rs 35, or 0.77
per cent to Rs 4,483 per quintal in 1,60,290 lots.Besides profit-booking by speculators at
existing levels, fall in demand at the spot market mainly pulled down chana prices in futures
trade.
Jeera✍
Jeera prices were up 0.60 per cent to Rs 15,050 per quintal in futures trade on monday as
traders widened positions, driven by pick up in demand in the spot market.Besides, restricted
supplies from growing regions supported the upside.At the National Commodity and
Derivatives Exchange, jeera for delivery in September month rose by Rs 90, or 0.60 per cent to
Rs 15,050 per quintal with an open interest of 14,628 lots. Likewise, the spice for delivery in
August contracts traded higher by Rs 80, or 0.55 per cent to Rs 14,755 per quintal in 7,653
lots.The rise in jeera futures prices to pick up in demand in the spot market against tight
supplies from producing belts.
Castorseed✍
Castor seed prices fell by 0.08 per cent on Thursday at the National Commodity & Derivatives
Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies
as well as strong production estimates. At the NCDEX, castor seed futures for August 2015
contract was trading at Rs. 3,985 per quintal tonnes, down by 0.08 per cent, after opening at Rs.
3,980 against the previous closing price of Rs. 3,988. It touched the intraday low of Rs. 3,980.
Rape Mustard seed✍
Mustard seed prices closed higher by 1.45 per cent on Wednesday at the National Commodity
& Derivatives Exchange Limited (NCDEX) as a result of the decline in the supply for the
commodity in the major markets. At the NCDEX, mustard seed futures for August 2015
contract closed at Rs. 4,137 per quintal, up by 1.45 per cent, after opening at Rs. 4,061 against
the previous closing price of Rs. 4,078. It touched the intraday high of Rs. 4,154. India
produces 5.5 million MT to7 million MT annually and about 0.15 million MT is retained for
sowing and direct consumption as seed which leaves about 4.8-5.1 million MT for crushing and
extracting oil.
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