Turmeric Is Ready to Jump Again Beyond Rs.7000 Mark Again - Kedia Commodity Ltd

Turmeric yesterday settled down -3.98% at 5408 due to higher carry-forward stocks, absence of overseas demand and on the timely progress of the monsoon. India's monsoon rains recorded higher than average levels in the first week of the four-month rainy season, weather office sources told, reflecting a timely onset and progress so far over southern states. Turmeric cultivation usually sta

Commodity Outlook For 12th June 2013 - Kedia Commodity Ltd

Gold

Gold yesterday settled down -0.42% at 27892 as fears lingered that the Fed could curb its stimulus programme as the US economy shows signs of recovery. Also pressure seen after S&P's upgrade of the US credit outlook prompted investors to believe the economy was strong enough for the Fed to begin scaling back its bond purchases. Such a step would dent

USDINR Trend is Firm, While Can Be Volatile - JRG Securities Ltd

Market Review

The Indian rupee sold off v/s the US dollar tracking the Asian peer. The US dollar rose v/s the KRW, MYR, PHP and THB sharply yesterday on  fear of capital outflow. At the interbank market in India, the spot USDINR breached the 58 mark and settled above it. At the futures market, the USDINR June closed firm at 58.25,up 1.7% since the previous se

Commodity Outlook For 11th June 2013 - Kedia Commodity Ltd

Gold

Gold yesterday settled up by +1.56% at 28011 as support seen as rupee hit a record low, weighed down by broad gains in the dollar and choppy domestic shares, although the local currency was seen recovering on expected RBI intervention and potential government measures. Gold in international fall as overall outlook remain weak bearish as the US dollar and equi

USDINR Trend Is Up, RBI Intervention Eyed - JRG Securities Ltd

Market Review

The US dollar continue to advance v/s the INR and other Asian currencies while stays weak v/s the Euro and GBP. At the interbank market today, the USDINR has opened higher and trading around 57.50 marks, up 46 paisa since Friday’s closing.

Other Asian currencies continue to weaken v/s the US dollar today. The Korean won is down over

Commodity Outlook For 10th June 2013 - Kedia Commodity Ltd

Gold

Gold yesterday settled up 0.17% at 27580 modestly gain as traders in the region digested a spate of marquee economic data points from the U.S. and China that were published in recent days. Gold fell around 2 percent on Friday, its biggest one-day drop in over three weeks, as funds dumped bullion after resilient U.S. jobs data suggested the Federal Reserve cou

Weekly Commodity Report For 10.06.2013 - 15.06.2013 By Monarch Project Ltd.

GOLD {June’13}

As we had predicted in our previous report prices tested highs above 27500 level.

Gold prices fall from higher levels on the last trading day of week, as the U.S. government reported that the economy picked up more jobs than expected in May, which strengthened the dollar. The headline U.S. unemployment rate ticked up to 7.6% last mo

Mentha Oil Could Test 1060-1080 - Kedia Commodity Ltd

• Menthaoil on weekly basis we have seen that prices gained by around 8% due to delay in arrival of new crop, however crop output may jump this year by 20 percent to 55,000-60,000 tons.

• Demand from the pharmaceutical industries might pick-up in coming days, also supported Mentha oil prices.

• Rains in some growing areas in Uttar Pradesh affected the arr