Gold prices remained under immense pressure after release of strong US employment report - IIFL

Commodities

Gold prices remained under immense pressure after release of strong US employment report, with values tumbling to a four month low. In this regard, US economy created 222,000 jobs in June, much better than the ADP private payroll number of 158,000.Nevertheless, the unemployment rate marginally ticked higher to 4.4%, while the wage growth ca

10/07/2017 12:06:34 PM | Posted in Commodities Reports read full news
Silver trading range for the day is 35090-38010 - Kedia Commodity

Gold

Gold fell to the lowest in nearly four months after stronger than expected United States jobs data increased the likelihood of another U.S. interest rate increase and the dollar rose. U.S. non farm payrolls jumped by 222,000 jobs last month, the Labor Department said, beating expectations of a 179,000 gain. The latest batch of mostly upbeat jobs

10/07/2017 10:58:48 AM | Posted in Commodities Reports read full news
We expect Jeera futures expected to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures closed higher on Friday as market participants are little bullish as irregular monsoon and low price realization to farmers in the last season is discouraging sowing prospects for soybean in the country. Area under soybean crop across the country for the

10/07/2017 10:42:29 AM | Posted in Commodities Reports read full news
We expect base metal prices likely to trade volatile - Sushil Finance

Gold

Gold fell to the lowest in nearly four months on Friday after stronger than expected United States jobs data increased the likelihood of another U.S. interest rate increase and the dollar rose.

U.S. non farm payrolls jumped by 222,000 jobs last month, the Labor Department said, beating expectations of a 179,000 gain.

Gold has s

10/07/2017 10:30:19 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade higher today - Angel Commodities

Bullion

Gold

Last week, spot gold prices declined by 2.3 percent to close at $1212 per ounce. The pace of growth in the U.S. economy's service sector accelerated in June, as stronger demand offset slower employment gains, according to the Institute for Supply Management. Gold has shed about 6 percent sinc

10/07/2017 10:11:10 AM | Posted in Commodities Reports read full news
Crude oil prices can be expected to give a pullback to reach $44.83-46(2890-2930) level - Enrich Commodities

Crude Oil

Crude Oil on Friday 7th July 2017, Crude Oil July futures prices down by (-84) pts (-2.85%) closed at 2863, trading range between 2835 – 2933 Crude oil for August delivery on the New York Mercantile Exchange settled at $45.23 a barrel.

Oil prices fell sharply on Friday to log their sixth weekly loss in the past seven weeks, a

10/07/2017 8:56:23 AM | Posted in Commodities Reports read full news
The previous bearish flag chart pattern tested lower target during the last trading session- Enrich Commodities

Gold

Gold on Friday 7th July 2017, Gold prices down by 332 pts closed at 27784 trading range between 28118-27724 and August Comex Gold futures settled at $1209.70 division of the New York Mercantile Exchange.

Gold and the dollar typically move in opposite directions, which means if the dollar goes down, gold futures, which are denominated in

10/07/2017 8:53:51 AM | Posted in Commodities Reports read full news
Evening Update For 7th July 2017 - Angel Commodities

News and Analysis

*Markets keenly await US Nonfarm payrolls data.

* US ADP Non-Farm Employment Change fell by 158K in June’17.

* US Crude Oil Inventories plunged by 6.3 mn bbl last week

 

European markets are trading lower today ahead of release of US nonfarm payrolls report. Asian markets ended lower

World Gold Council has lowered India`s gold consumption forecasts for 2017 - IIFL

Commodities

Gold prices traded on an uneventful note, as rising sovereign bond yields in the developed world have dented the buying appetite for the yellow metal. In this regard, US 10yr yields are at six week high, while yields on German 10yr Bund is at 18 month high of 0.57%. On demand front, World Gold Council has lowered India’s gold consumpt

7/07/2017 11:12:55 AM | Posted in Commodities Reports read full news
Gold trading range for the day is 28036-28228 - Kedia Commodity

Gold

Gold pared gains as weaker-than-expected private sector payrolls data fed into a more cautious view on the pace of U.S. interest rate hikes and Treasury yields firmed. The ADP National Employment Report showed private sector payrolls increased by 158,000 jobs last month, lower than the 230,000 positions created in May and below expectations for a

7/07/2017 11:04:48 AM | Posted in Commodities Reports read full news
We expect Natural gas prices to trade negative - Sushil Finance

Gold

Gold eased but hovered above the previous session's two-month low on Thursday as weaker-than-expected private sector payrolls data fed into a more cautious view on the pace of U.S. interest rate hikes this year and Treasury yields firmed.

The metal remained hemmed into a narrow range ahead of key U.S. non-farm payrolls data on Friday

7/07/2017 10:43:58 AM | Posted in Commodities Reports read full news
Crude oil prices eased from highs but ultimately settled higher - Enrich Commodities

CRUDE OIL

Crude Oil on Thursday 6th July 2017, Crude Oil July futures prices Up by (9) pts (0.31%) closed at 2947, trading range between 2932 – 3019. Crude oil for August delivery on the New York Mercantile Exchange settled at $45.52 a barrel.

Crude oil prices fell sharply in Asia on Friday as investors shrugged off U.S. inventory data

7/07/2017 10:32:07 AM | Posted in Commodities Reports read full news
The current downtrend in price may continue steadily - Enrich Commodities

GOLD

Gold on Thursday 7th July 2017, Gold prices up by 9 pts closed at 28116 trading range between 28092 - 28188 and August Comex Gold futures settled at $1223.30 division of the New York Mercantile Exchange.

On Friday, the Gold prices fell as the dollar revived and investors looked ahead to more data on U.S. inflation.

On Thursday

7/07/2017 10:27:29 AM | Posted in Commodities Reports read full news
Crude oil prices will trade lower - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices declined marginally by 0.15 percent to close at $1224.7 per ounce as weaker-than-expected private sector payrolls data fed into a more cautious view on the pace of U.S. interest rate hikes this year and Treasury yields firmed.

The metal remained hemmed into

7/07/2017 10:13:00 AM | Posted in Commodities Reports read full news
Cotton futures are expected trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean July futures closed higher on Thursday on short covering by market participants as they move to far month contracts. Investors are little bullish as Irregular monsoon and low price realization to farmers in the last season may dampen sowing prospects for soybean in the

Evening Update For 6th July 2017 - Angel Commodities

News and Analysis

* US Nonfarm payrolls data due tomorrow.

* LME Copper inventories fell 0.4 percent on Wednesday.

* UK’s construction PMI jumped to 54.8 in June’17.

European markets are trading lower today ahead of ECB Monetary Policy Meeting Accounts. Asian markets ended lower and the US stocks futures are t

Sugar futures may trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean July futures closed lower on Wednesday due to long liquidation by market participants at higher prices. The fall is in anticipation that the acreage may improve in coming weeks due to good rains in soybean cultivating states. As per Agmarknet data, arrivals of soybean

6/07/2017 12:11:44 PM | Posted in Commodities Reports read full news
Cotton trading range for the day is 19790-20050 - Kedia Commodity

Gold

Gold on MCX settled down -0.03% at 28107 but bounced off from the session lows after both the dollar and US 10-Year eased, following the release of downbeat economic data, fueling concerns about the pace of US economic growth. As expected, policy members are leaning toward starting their balance sheet reduction plan in September, likely followed

6/07/2017 12:03:18 PM | Posted in Commodities Reports read full news
Gold prices seem to be deprived of any impetus despite ratcheting geopolitical tensions - IIFL

Commodities 

Gold prices seem to be deprived of any impetus despite ratcheting geopolitical tensions. Meanwhile, minutes of US Fed’s June meeting did not have much impact on prices. In this regard, Fed officials were divided on inflation outlook and the pace at which the US$4.5 trillion balance sheet should be trimmed. Several policymakers w

6/07/2017 11:08:46 AM | Posted in Commodities Reports read full news
Crude Oil market movement trading in sideways trend - Enrich Commodities

CRUDE OIL

Crude Oil on Wednesday 5th July 2017, Crude Oil July futures prices down by (-130) pts (-4.24%) closed at 2938, trading range between 2931 – 3067. Crude oil for August delivery on the New York Mercantile Exchange settled at $45.13 a barrel.

We could notice on Wednesday, the Oil prices receded almost 4% putting an end to their

6/07/2017 10:57:13 AM | Posted in Commodities Reports read full news