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Showing posts with label intraday stock tips. Show all posts
Showing posts with label intraday stock tips. Show all posts

Thursday, 13 September 2018


India is the world's largest gold consumption country. In this way, to meet its needs, every year 900-1000 tonnes of gold is imported. Whose negative impact is on the economy of the country. Whereas, about 20,000-24,000 thousand tonnes of gold is lying idle in homes, temples and trusts across the country. The government wants to get rid of this gold reservoir in the economy and put it in the economy. For this, the government is in the process of getting the gold monetization scheme and its draft note has been prepared. This scheme is expected to get cabinet approval soon.

Under the Gold Monetization scheme, the customer has to deposit his gold, jewelery and coins at the centers set by the government. After scrutinizing it, the customer will be issued a certificate equal to the quantity of gold after melting. On the basis of which the customer will be able to get interest by opening a Gold Savings account in the bank. The government will reduce the import of gold through this scheme, which can reduce its import by 10-20%. At the same time, the government expects that this scheme will reduce the import bill of gold. Which can be used to improve the economy and improve development. Gold Monetization Scheme will increase circulation of gold reserves in the country. Apart from this, the inclusion of Gold in CRR, SLR will increase the cash flows in the market.

Higher interest in gold monetization scheme

The government is preparing to launch the gold monetization scheme. His announcement was made by Finance Minister Jaitley in the Budget 2015-16. In fact, the government is going to resume the failed Gold Savings Scheme in 1999. Because at that time the scheme could not run due to low interest rate. The special feature of the new scheme is that people will get more interest on this. While the cost of sleep maintenance will also be left. At the same time, there is a plan to provide interest up to 2-3% for 1.5% and above for less than one year in the scheme. Apart from this, the customer depositing the gold in this scheme will start receiving interest from the same day on which he has taken it. Also, those who take the scheme will not have to give information about where the money has been raised to buy gold. For this, the maximum limit of gold has been fixed at 500 grams.

This is the proposal of Gold Monetization Scheme

Under this scheme, customers will have to deposit at least 30 grams of gold. In this, the customer will be able to keep gold coins and jewelery with the banks. Instead, it will be given the equivalent certificate of gold. On the basis of that certificate, the customer will be able to obtain interest by opening his Gold Savings account in the bank. The customers who will be associated with this scheme, by melting gold and jewelery in the other way, the government will re-use it to the market for its use. Whereas under this scheme, the customer has to deposit his gold with the bank for a minimum of one year. This scheme will also benefit the jewelers, they can also take a loan on their metal account.

How to get interest under this scheme

According to the draft of Gold Monetization Scheme of the Government, if the customer deposited 100 grams of gold and got interest of one per cent on it. So he will get the same price as 101 grams of gold. At the same time, it will be exempt from income tax, wealth tax, capital gains tax etc. on the earnings it earns. If a customer wants to get out of this scheme before time, then the amount will be paid according to the market price. While customers will also have the right to get paid gold as a gold or cash deposit under the scheme.


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Tuesday, 11 September 2018



BULLION:-

Gold prices inched up on Tuesday, as a lower U.S. dollar and trade tensions bolstered the precious metal. Trade war tensions continued to ease investor sentiment. Robert E. Lighthizer, the United States trade representative met with European Union officials in Brussels on Monday to discuss trade tariffs. While Lighthizer called the talks “constructive,” a deal is not likely to be reached as soon as the White House administration would like. Meanwhile U.S. President Donald Trump wants to impose tariffs on almost all imported Chinese goods .China’s foreign ministry said on Monday that it would respond to any new steps on trade. Trade fears offset expectations for a Federal Reserve rate hike in September, pushing the greenback lower and increasing the price of gold. The US INDEX, which measures the greenback’s strength against a basket of six major currencies, fell 0.18% to 94.95.


ENERGY:-

Oil prices rose on Tuesday as U.S. sanctions squeezed Iranian crude exports, tightening global supply despite efforts by Washington to get other producers to increase output. Washington has told its allies to reduce imports of Iranian oil and several Asian buyers, including South Korea, Japan and India appear to be falling in line. the U.S. government does not want to push up oil prices, which could depress economic activity or even trigger a slowdown in global growth. U.S. Energy Secretary Rick Perry met Saudi Energy Minister Khalid al-Falih on Monday in Washington, as the Trump administration encourages big oil-producing countries to keep output high. Perry will meet with Russian Energy Minister Alexander Novak on Thursday in Moscow. the United States and Saudi Arabia are the world's three biggest oil producers by far, meeting around a third of the world's almost 100 million barrels per day (bpd) of daily crude consumption.



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Monday, 3 September 2018


Gold declines as rising global trade tensions buoy dollar. 

Gold inched lower on Friday, as the dollar stayed firm on expectations of rising interest rates amid lingering Sino-US trade tensions, and the yellow metal was headed for its fifth straight monthly decline. Spot gold was down 0.1 per cent at $1,198.66 an ounce at 0029 GMT. Prices were on track for fifth straight monthly decline, the metal's longest losing streak since early 2013. They are down about 2 per cent so far this month. US gold futures were mostly steady at $1,204 an ounce. US President Donald Trump is prepared to quickly ramp up a trade war with China and has told aides he is ready to impose tariffs on $200 billion more in Chinese imports as soon as a public comment period on the plan ends next week, Bloomberg News reported on Thursday. Policy and regulatory certainty in South Africa could potentially add 122 billion rand ($8 billion) in capital expenditure to the struggling mining sector.

 A looming trade war is likely to limit rebounds in copper prices in the short term.

As the US dollar climbed above 95, LME copper fell below support at $6,000/mt while the SHFE 1811 contract stood firm above 48,000 yuan/mt. However, it will remain difficult for the contract to rise above the 20-day moving average given pressure from shorts. A weak euro, expectations of further interest rate hikes by the US Federal Reserve, and a looming trade war are likely to limit rebounds in copper prices in the short term. Spot premiums are likely to be seen at 50 yuan/mt as lower prices prompt downstream purchases.

Large amount of Norilsk nickel entered the domestic market last Friday while downstream demand rose slightly.

Large amount of Norilsk nickel entered the domestic market last Friday while downstream demand rose slightly, and this lowered nickel prices. Surging shorts dragged the SHFE 1811 contract to a low around 105,000 yuan/mt. It closed at 105,090 yuan/mt with open interests up 63,000 lots to 370,000 lots. LME nickel fell sharply, after it rebounded, to the lowest in seven months below the $12,800/mt level. We expect LME nickel to hover weakly around $12,750/mt today, with the contract trading at 104,500-106,000 yuan/mt. Spot prices are likely to trade at 105,000-108,500 yuan/mt.

Oil falls on rising output from OPEC and United States.

 Oil prices fell on Monday amid rising supply from OPEC and the United States, outweighing concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November. Output from the producer cartel of the Organization of the Petroleum Exporting Countries (OPEC) rose by 220,000 barrels per day (bpd) between July and August, to a 2018-high of 32.79 million bpd, a Reuters survey found. Output was boosted by a recovery in Libyan production and as Iraq's southern exports hit a record. U.S. drillers added oil rigs for the first time in three weeks, energy services firm Baker Hughes reported on Friday, increasing the rig count by 2 units to 862. high rig count has helped lift U.S. crude oil production C-OUT-T-EIA by more than 30 percent since mid-2016, to 11 million bpd. 


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Friday, 31 August 2018


 Gold headed for longest monthly losing streak since 2013. 

Gold inched lower on Friday, as the dollar stayed firm on expectations of rising interest rates amid lingering Sino-US trade tensions, and the yellow metal was headed for its fifth straight monthly decline. Spot gold was down 0.1 per cent at $1,198.66 an ounce at 0029 GMT. Prices were on track for fifth straight monthly decline, the metal's longest losing streak since early 2013. They are down about 2 per cent so far this month. US gold futures were mostly steady at $1,204 an ounce. US President Donald Trump is prepared to quickly ramp up a trade war with China and has told aides he is ready to impose tariffs on $200 billion more in Chinese imports as soon as a public comment period on the plan ends next week, Bloomberg News reported on Thursday. Policy and regulatory certainty in South Africa could potentially add 122 billion rand ($8 billion) in capital expenditure to the struggling mining sector over the next four years, the Minerals Council's chief executive said on Thursday. 

 Investor risk aversion intensifies as US President Donald Trump plans to move forward with tariffs.

 Investor risk aversion intensifies as US President Donald Trump plans to move forward with tariffs on another $200 billion worth of Chinese imports, according to a new report. This is set to weigh on copper prices in the short run. We expect LME copper to test support at the 10-day moving average, with the SHFE 1810 contract hovering around 48,500 yuan/mt today. Spot premiums are seen at 60-120 yuan/mt.

LME nickel extended its losses during the European trading period. 

LME nickel tumbled to the $13,200/mt level before it pared some losses and closed at $13,310/mt on Thursday. The SHFE 1811 contract plummeted to a low of 108,180 yuan/mt before it regained some losses and closed overnight at 108,620 yuan/mt. Growing inventories in China eroded upward momentum in SHFE nickel prices and fuelled bearish market sentiment. We expect LME nickel to hover around $13,300/mt today and the SHFE 1811 contract to trade at 108,500-110,000 yuan/mt. Spot prices are seen at 108,000-112,000 yuan/mt. 

Oil dips on Sino-U.S. trade conflict, but looming Iran sanctions support. 

Oil prices dipped on Friday amid concerns the trade war between the United States and China could intensify, although looming U.S. sanctions against Iran's oil exports prevented markets from falling further. Still, with Venezuelan supply falling sharply and concerns around U.S. sanctions against Iran that will target its oil exports from November, crude markets in August are on track to post a more than 4 percent rise for Brent and a 2 percent increase for WTI. In a sign of a tightening market, the amount of unsold crude stored in the Atlantic basin has dwindled from around 30 cargoes to just a handful in recent weeks, trade data showed. this, analysts cautioned that the trade disputes between the United States and other major economies, especially China and the European Union, could start to drag on economic growth and, by extension, fuel demand.


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Wednesday, 29 August 2018



BULLION:-

Gold prices inched lower in the morning session amid expectations of higher U.S. interest rates, but managed to hold above a key psychological level of $1,200 which acted as a strong support. Spot gold was down 0.2 percent at $1,203.86 an ounce at the time of writing, after rising nearly 0.5 percent in the previous session. U.S. gold futures were down 0.1 percent at $1,209.90 an ounce. Spot gold has been trading in an $8 range for the past two sessions, with investors keenly watching the $1,200 level after the metal broke below that and hit a 1-1/2-year low of $1,159.96 early this month. Data showing a higher-than-expected annualized growth in second-quarter U.S. gross domestic product cemented expectations for a rate hike next month, with a 96 percent probability, according to Fed funds futures. Higher rates dent the appeal of noninterest-yielding gold, boosting the dollar in which the yellow metal is priced. The dollar index against a basket of six major currencies stayed above a four-week low of 94.434 hit on Tuesday. The greenback has been on the defensive this week with safe-haven demand for the currency diminishing in the wake of improving risk sentiment in broader markets following promising NAFTA negotiations. Gold prices are heading for a fifth straight monthly fall, which would make it the precious metal’s longest losing streak since early 2013. The metal has declined about 7.4 percent so far this year amid international trade disputes and the Turkish currency crisis, with investors preferring the dollar as a safe haven.

METALS:-

London aluminium prices fell for the first time in six sessions in early Asian trade on Thursday, after U.S. President Donald Trump allowed relief on aluminium import quotas from Argentina. Trump, who put in place tariffs on steel and aluminium imports in March, signed proclamations allowing relief from the quotas on steel from South Korea, Brazil and Argentina and on aluminium from Argentina, the U.S. Commerce Department said in a statement on Wednesday. Three-month aluminium on the London Metal Exchange fell 0.7 percent to $2,157 a tonne, after jumping 1.8 percent in the previous session. It hit a two-month high of $2,178 and has climbed for five straight days on rising input costs for smelters. Copper prices have recovered from a recent rout, but the possibility of the trade dispute between Washington and Beijing escalating and its potential to crimp demand in China, the world's top consumer, is expected to cap gains. Striking workers at state-owned Codelco's Andina copper mine have rejected their employers' latest contract offer, the company and union said on Wednesday.

ENERGY:-

Oil prices inched up on Thursday, extending solid gains from the previous session on a fall in U.S. crude inventories and expected disruptions to supply from Iran and Venezuela. U.S. West Texas Intermediate (WTI) crude futures were up 14 cents at $69.65 a barrel. The rises came after crude hit multi-week highs during the previous session. U.S. commercial crude inventories fell by 2.6 million barrels in the week to Aug. 24, to 405.79 million barrels. U.S. production was flat from the previous week’s record 11 million barrels per day (bpd). The Organization of the Petroleum Exporting Countries (OPEC), of which Iran is the third biggest producer, will discuss in December whether it can compensate for a sudden drop in Iranian oil supply after U.S sanctions against Tehran start in November, the head of Iraq’s state-oil marketer SOMO, Alaa al-Yasiri, said on Wednesday. Iran’s August crude oil exports will likely drop to just over 2 million bpd, versus a peak of 3.1 million bpd in April, as importers bow to American pressure to cut orders. The International Energy Agency (IEA) warned of a tightening market toward the end of the year, due to a combination of supply concerns, such as Iran and also Venezuela, and strong demand especially in Asia.



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Tuesday, 21 August 2018


BULLION:-
Gold prices rose on the back of a weaker U.S. dollar on Tuesday, extending gains into a third session after U.S. president Donald Trump said he was “not thrilled” with the U.S. Federal Reserve for raising interest rates. Trump said on Monday he was “not thrilled” with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates and said the U.S. central bank should do more to help him to boost the economy. Asian stocks were capped in the wake of those comments from Trump and after he accused China and Europe of manipulating their currencies. Atlanta Fed President Raphael Bostic said on Monday he was maintaining his expectation for one more interest rate hike this year, as trade tensions and international events add some downside risk to an otherwise strong U.S. outlook. U.S. businesses have a message for the Trump administration: New tariffs on $200 billion of Chinese imports will force Americans to pay more for items they use throughout their daily lives, from cradles to first bicycles and wedding dresses to coffins. Turkish authorities detained two men suspected of shooting at the U.S. Embassy in the capital Ankara on Monday, in an attack that coincides with increased tensions between the two NATO allies over the trial of a U.S. pastor in Turkey. Meanwhile, Trump also said he did not expect much progress from trade talks with China this week in Washington. China, seeking to skirt U.S. sanctions, will use oil tankers from Iran for its purchases of that country’s crude, throwing Tehran a lifeline while European companies such as France’s Total are walking away due to fear of reprisals from Washington.

METALS:-
Base metals prices rose on Tuesday, with London copper climbing back above the $6,000-a-tonne mark, as the dollar slipped, making metals cheaper for holders of other currencies, while the market awaited U.S.-China trade talks in Washington. Copper prices on the London Metal Exchange have fallen by 18 percent from a four-year high touched on June 7 amid concerns a trade row between the United States and China, which have slapped billions of dollars in tariffs on each other's goods, will hit demand for industrial metals. Industrial metals got a lift from improving sentiment on China’s economy and a rise in the yuan. The Asian nation plans to send a delegation to the U.S. later this month, stoking hopes of a revival of trade talks. Meanwhile, orders to withdraw copper from warehouses tracked by the London Metal Exchange climbed the most since 2015 on Monday. Metal prices plunged last week, sending the LMEX Index to a one-year low, as turmoil fueled by Turkey’s financial woes spread across emerging markets. Currency moves have also set the direction for the market in recent weeks, with the stronger dollar and weaker Chinese yuan leading metal prices lower.

ENERGY:-
Crude oil futures were mixed during morning trade in Asia on Tuesday, with the NYMEX WTI contract ticking up on expected US crude stock draws. Analysts surveyed Monday by S&P Global Platts were expecting latest US crude stocks data to show a 3.37 million-barrel draw for the week ended August 17 -- they had also expected a decline in last week's survey, but stocks instead posted a 6.81 million-barrel build. The American Petroleum Institute is due to release its preliminary stocks report later Tuesday and the more definitive US Energy Information Administration report is due on Wednesday. Meanwhile, Brent prices reacted to supply news elsewhere, including reports that Saudi Arabia ramped up its crude exports, refinery runs and direct burn for power generation in June, which pressured prices lower. Saudi exports rose 260,000 b/d month on month to 7.244 million b/d in June, after falling to a seven-month low in May, according to latest data from the Riyadh-based Joint Organizations Data Initiative. Its refinery runs increased 190,000 b/d on month to 2.792 million b/d in June, the highest since December 2017. Iran on Sunday told OPEC that no member country should be allowed to take over any other member country's share of oil exports as OPEC prepares to pump more oil from the second half of 2018 to offset the loss of Iranian oil as a result of US sanctions.


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.



Wednesday, 8 August 2018


Gold steady as dollar softens versus stabilizing yuan.

 Gold prices were steady early on Wednesday, after rising in the previous session, as the U.S. dollar softened against China's yuan and the euro. Asian shares rose on Wednesday on the back of firmer Wall Street earnings while expectations for increased Chinese stimulus helped take the edge off wider concerns about the worsening Sino-U.S. trade dispute The United States will begin collecting 25 percent tariffs on another $16 billion in Chinese goods on Aug. 23, the U.S. Trade Representative's office said on Tuesday as it published a final tariff list targeting 279 imported product lines. The European Parliament has agreed to ease tough new liquidity rules for banks trading gold, marking a success for the London Bullion Market Association's (LBMA) campaign to revise the plans.

Copper prices are likely to rebound against the backdrop of resilient infrastructure construction in China.

Copper lost some early gains and closed at $6,150/mt in LME on Tuesday. The SHFE October contract turned to the most liquid overnight. Copper prices are likely to rebound against the backdrop of resilient infrastructure construction in China. We expect LME copper to trade at $6,160-6,210/mt today with the SHFE 1810 contract at 49,300-49,800 yuan/mt. Spot premiums are seen at 60-100 yuan/mt.
Nickel rebound as a weakened US dollar and low stocks at SHFE warehouses accounted for the increase.

Given low-level inventory of nickel across LME warehouses, LME nickel rebounded to around the daily moving average to a high of $13,890/mt. Pressure was at the $13,900/mt level. LME inventory continued to shrink 372 mt to 251,466 mt. The SHFE 1811 contract received support at the 40-day moving average and gained over 1% from Monday to close at 113,240 yuan/mt. A weakened US dollar and low stocks at SHFE warehouses accounted for the increase. We expect the contract to trade at 112,500-114,000 yuan/mt with LME nickel hovering at $13,900/mt today. Spot prices are set at 112,000-114,500 yuan/mt.

Oil prices steady on falling U.S. crude stocks, Iran sanctions.

 Oil prices held steady on Wednesday, supported by a report of rising U.S. crude inventories as well as the introduction of sanctions against Iran. The U.S. government introduced a raft of new sanctions against Iran on Tuesday, targeting Iran's purchases of U.S. dollars - in which oil is traded - metals trading, coal, industrial software and its auto sector. November, Washington will also target Iran's petroleum sector. Beyond the sanctions, the oil market was focusing on the U.S. market, where the American Petroleum Institute said on Tuesday that crude inventories fell by 6 million barrels in the week to Aug. 3 to 407.2 million. U.S. fuel storage data is due to be released later on Wednesday by the Energy Information Administration (EIA). Shipments into the world's biggest importer of crude came in at 36.02 million tonnes last month, or 8.48 million bpd, up from 8.18 million bpd a year ago, and just up on June's 8.36 million bpd, data from the General Administration of Customs showed.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Tuesday, 7 August 2018



BULLION :-
Gold prices were steady early on Wednesday, after rising in the previous session, as the U.S. dollar softened against China's yuan and the euro. The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1 percent at 95.133. Asian shares rose on Wednesday on the back of firmer Wall Street earnings while expectations for increased Chinese stimulus helped take the edge off wider concerns about the worsening Sino-U.S. trade dispute. The United States will begin collecting 25 percent tariffs on another $16 billion in Chinese goods on Aug. 23, the U.S. Trade Representative's office said on Tuesday as it published a final tariff list targeting 279 imported product lines. Companies doing business with Iran will be barred from the United States, President Donald Trump said on Tuesday, as new U.S. sanctions took effect despite pleas from Washington's allies. U.S. job openings held near record highs in June amid a modest decline in hiring, pointing to a further tightening of labor market conditions, which economists hope will soon spur faster wage growth. The prospect of a "no-deal Brexit" appears to have grown after the European Union's negotiator rejected last month central elements of Prime Minister Theresa May's proposals for a new trade agreement. The European Parliament has agreed to ease tough new liquidity rules for banks trading gold, marking a success for the London Bullion Market Association's (LBMA) campaign to revise the plans. Gold-backed exchange-traded funds (ETFs) saw outflows in North America, Europe and Asia in July as a strong U.S. dollar helped weaken gold prices, the World Gold Council said on Tuesday. SPDR Gold Trust, the world's largest goldbacked exchange-traded fund, said its holdings fell 0.15 percent to 787.53 tonnes on Tuesday from 788.71 tonnes on Monday.

ENERGY :-
Oil prices were mixed on Wednesday amid reports that Iran’s exports fell after US re-imposed economic and crude sanctions against the world’s fifth biggest oil exporter, U.S.’s crude inventories also declined, API data showed. Iran’s oil exports dropped for the third consecutive month by 7% to 2.32 million barrel per day in July, the lowest level in four months, data from S&P Global Platts showed. Exports to China rose, on the other hand, to nearly 800,000 barrels per day in July and that to India also rose by 400,000 barrels per day from June to July. The data came after Washington announced sanctions against Iran on Tuesday. Crude sanctions will take effect in November this year, while other economic sanctions became effective on Tuesday. “The Iran sanctions have officially been cast. These are the most biting sanctions ever imposted, and in November they ratchet up to yet another level. Anyone doing business with Iran will not be doing business with the United States,” said U.S. President Donald Trump. Separately, the American Petroleum Institute (API) said on Tuesday that U.S. crude inventories decreased by 6 million barrels in the week to Aug 3 to 407.2 million, US official EIA data will be released today.

METALS :-

Base metals prices trading mostly higher on early Wednesday, as a rising yuan kept the dollar on the back foot and easing US-China trade war concerns supported sentiment. Copper prices were given a further boost on fears a wage dispute at the world’s largest copper mine could result in a strike if an agreement isn’t reached. Talks to resolve the despite between the Chile’s Escondida and the labor union were set to get underway Tuesday. China will release trade data later, with economists predicting exports maintained solid growth in July despite new tariffs on billions of dollars of shipments to the United States. Chile’s exports of lithium carbonate reached $85 million in July, more than double that of the same month the previous year, as demand and prices for the key component in electric vehicle batteries continues to rise. Zinc had the secondlargest speculative short position on the LME, accounting for 21 percent of open interest at Friday's close, according to estimates by Marex Spectron. LME aluminium dipped 0.3 percent to end at $2,038 a tonne. LME on-warrant inventories - those not earmarked for delivery - fell to the lowest level since September 2007, LME data showed on Tuesday.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Thursday, 19 July 2018

Commodities-Market-1

Gold Remains Near One-Year Low.

Gold prices were steady near a one-year low on Wednesday as a higher dollar and comments from Federal Reserve Chair Jerome Powell continued to weigh. Powell reiterated the central bank should gradually increase interest rates at his hearing at Congress on Tuesday. Trade tensions and fiscal policy made the future uncertain, he added. The Fed raised rates twice this year and is expected to raise rates at least once more before the end of the year. Higher rates are a negative for gold as the precious metal, which does not pay interest, struggles to compete with yield-bearing assets when rates rise. Gold falls as the dollar rises, as the precious metal is denominated in the U.S. currency and is sensitive to moves in the dollar.

Zinc chalked up its largest daily gain in a year, recovering from this week’s one-year low on bargain hunting and falling inventories.

Zinc on MCX settled up 4.71% at 181.15 gained on short covering tracking weakness from LME Zinc prices which pulled away from one-year lows hit earlier in the week and the metal recorded its first daily jump in seven trading days in Shanghai, tracking a rise on the London Metal Exchange (LME) amid plunging inventories. Zinc prices is down 10.1 percent so far this month in Shanghai and 11.3 percent in London on concerns about oversupply, but it had been boosted by positive data from top metals consumer China on Tuesday. in a note, adding that zinc was “one of the metals most leveraged to the housing and construction sectors. Meanwhile expectations for a rise in zinc concentrate supplies in coming years have driven down the metal price in London to one-year lows, but smelting capacity constraints suggest the sell-off is premature.

Aluminium exports record second monthly high in Jun.

China’s export volumes of unwrought aluminium and aluminium products logged its second monthly high, of all time, in June as the growth in extrusion exports exceeded the decline in flat rolled product exports, SMM research found. The total figure for the first six months of this year grew 11.3% on the year and registered 2.72 million mt. SMM found that extrusion exports in June were substantially boosted by the depreciating Chinese yuan. Export orders for aluminium coil for remelting also boomed in June on high profits.

Oil prices extend gains, buoyed by unexpected drop in U.S. gasoline stocks.

Oil prices on Thursday extended gains from the previous session, buoyed after official data showed that U.S. inventories of gasoline, diesel and heating oil unexpectedly fell last week.A Reuters poll taken before the data release had forecast that gasoline stocks would be unchanged and distillate stockpiles would show a build of around 900,000 barrels. U.S. crude stocks rose by 5.8 million barrels last week, compared with a forecast of a decline of 3.6 million barrels. Oil production reached a record 11 million barrels per day, the EIA said. The United States has added nearly 1 million bpd in production since November, thanks to rapid increases in shale drilling.

Precious Metals

CS GOLD (AUG) OVERVIEW:
TREND : BEARISH
RESIST 2: 30100
RESIST 1: 30000
SUP 1: 29650
SUP 2: 29550
CS SILVER (SEP) OVERVIEW:
TREND : BEARISH
RESIST 2: 38900
RESIST 1: 38700
SUP 1: 38000
SUP 2: 37800

Base Metals

CS COPPER (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 428.00
RESIST 1: 426.00
SUP 1: 417.00
SUP 2: 415.00
CS NICKEL (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 950.00
RESIST 1: 945.00
SUP 1: 915.00
SUP 2: 910.00
CS ZINC (JULY) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 187.00
RESIST 1: 185.00
SUP 1: 177.00
SUP 2: 175.00
CS LEAD (JULY) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 153.00
RESIST 1: 151.00
SUP 1: 146.00
SUP 2: 144.00
CS ALUMINIUM (JULY) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 143.00
RESIST 1: 141.00
SUP 1: 138.00
SUP 2: 136.00

Energies

CS CRUDE OIL (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 4770
RESIST 1: 4730
SUP 1: 4630
SUP 2: 4590
CS NATURAL GAS (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 192.00
RESIST 1: 190.00
SUP 1: 185.00
SUP 2: 183.00
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Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Tuesday, 17 July 2018

Commodities-Market-1


Gold Prices Edge Lower After Fed Comments.

Gold Prices were slightly lower on Wednesday and hovered near a one-year low as the dollar strengthened following Federal Reserve Chairman Jerome Powell’s comments on Tuesday that reinforced views the central bank is on track to gradually raise interest rates. A U.S. central banker said on Tuesday that the Fed should ease away from money policy accommodation and raise interest rate to avoid inflation as data showed the U.S. economy has improved in recent months. “At a time of full employment with price stability, policy should be a neutral influence on economic activity,” Kansas City Federal Reserve Bank President Esther George said in remarks prepared for delivery to an agricultural symposium. “Gradual further increases in our policy rate will be necessary to return policy to a neutral stance, although there is considerable uncertainty about exactly how far or fast we need to go.”

Copper prices edged lower pushed down by a stronger dollar and fears that demand will be damaged by a global trade war and weaker economic growth in China.

Copper on MCX settled down -0.85% at 417.85 on fresh selling tracking weakness from LME copper prices which was depressed by a stronger US dollar to a low of around $6,150/mt. However, we expect copper prices to see limited downward room in the short term as the union at Escondida rejected BHP’s offer and a threat of strike remains. While Concerns over the US-China trade disputes and weak Chinese economic data weighed on market sentiment and copper prices.

Zinc recovered on short covering after prices remained under pressure amid worries over Washington-Beijing trade war curbing demand.

Zinc on MCX settled up 1.29% at 173 gained on short covering as support seen after LME zinc prices halted its downward trend while sentiments still remain weak with pressure from a rising US dollar. Zinc prices are likely to gain some support from shrinking social inventories across Shanghai, Guangdong and Tianjin. We expect the contract to strengthen today given LME zinc’s strong performance. Last night the US dollar index gained 0.48% to close at 94.96 on Federal Reserve Board chairman Jerome Powell’s remarks that back more rate increases as the economy is growing “considerably stronger”.

Oil prices drop amid surprise jump in U.S. stockpiles.

Oil prices dropped on Wednesday after an industry group reported that U.S. crude inventories rose last week, defying analyst expectations for a significant reduction.U.S. West Texas Intermediate crude was down 36 cents, or 0.5 percent, at $67.72. It settled up 2 cents at $68.08 a barrel the session before, coming off a nearly one-month low. The benchmarks had steadied after big declines on Monday and last week as supply disruptions in Venezuela came to the fore and as analysts had been forecasting a decline of 3.6 million barrels in U.S. inventories for the week through July 13. But the specter of oversupply quickly returned, with a rise of more than 600,000 barrels in U.S. crude stockpiles, reported by the American Petroleum Institute late on Tuesday.

Precious Metals

CS GOLD (AUG) OVERVIEW:
TREND : BEARISH
RESIST 2: 29950
RESIST 1: 29850
SUP 1: 29500
SUP 2: 29400
CS SILVER (SEP) OVERVIEW:
TREND : BEARISH
RESIST 2: 38900
RESIST 1: 38700
SUP 1: 38150
SUP 2: 37950

Base Metals

CS COPPER (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 426.00
RESIST 1: 424.00
SUP 1: 414.00
SUP 2: 412.00
CS NICKEL (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 950.00
RESIST 1: 945.00
SUP 1: 910.00
SUP 2: 905.00
CS ZINC (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 178.00
RESIST 1: 176.00
SUP 1: 170.00
SUP 2: 168.00
CS LEAD (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 153.00
RESIST 1: 151.00
SUP 1: 146.00
SUP 2: 144.00
CS ALUMINIUM (JULY) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 143.00
RESIST 1: 141.00
SUP 1: 138.00
SUP 2: 136.00

Energies

CS CRUDE OIL (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 4720
RESIST 1: 4680
SUP 1: 4580
SUP 2: 4540
CS NATURAL GAS (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 192.00
RESIST 1: 190.00
SUP 1: 183.00
SUP 2: 181.00
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