Evening Update For 28th April 2017 - Angel Commodities

News and Analysis

* Trump indicated a major conflict with North Korea.

* US Advanced GDP data due to be released today.

* LME Copper stocks fell by 0.3 percent on Thursday.

European markets are trading mixed as the risk appetite is low following latest comments by Trump on North Korea. Asian markets are trading lower and t

28/04/2017 5:17:38 PM | Posted in Commodities Reports read full news
We expect cotton futures to trade lower - Angel Commodities

Agri-Fundamentals

Soybean

Soybean May futures continue fall this week for the fourth consecutive session on Thursday due to long liquidation on anticipation of lower demand by the market participants at higher levels. The open interest too decline by 4750 tonnes. As per Agmarknet, arrivals of soybean during

28/04/2017 12:33:49 PM | Posted in Commodities Reports read full news
We expect gold prices to trade lower - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices declined by 0.4 percent to close at $1263.7 per ounce from a five-month high in mid-April, giving up gains that came after U.S. President Donald Trump announced unfunded tax cuts, while comments from European Central Bank President Mario Draghi weakened the euro.

28/04/2017 11:46:24 AM | Posted in Commodities Reports read full news
Evening Update For 27th April 2017 - Angel Commodities

News and Analysis

* ECB Press Conference due today at 6:00 pm IST.

* Bank of Japan kept its monetary policy unchanged.

* LME Copper stocks fell by 0.3 percent on Wednesday.

European markets are trading lower ahead of the ECB Press conference wherein status quo is widely expected. Asian markets are trading mixed and the US

27/04/2017 4:58:09 PM | Posted in Commodities Reports read full news
We expect Jeera futures to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

Soybean May futures continue fall this week for the third consecutive session on Wednesday due to long liquidation on anticipation of lower demand by the market participants at higher levels. The open interest too decline by 4750 tonnes. As per Agmarknet, arrivals of soybean during

27/04/2017 11:37:41 AM | Posted in Commodities Reports read full news
Gold prices are expected to trade higher - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices rose by 0.42 percent to close at $1268.7 per ounce buoyed by short-covering on Wednesday as U.S. Treasury yields turned lower and the dollar pared gains after President Donald Trump proposed slashing the U.S. tax rate on corporate profits.

Trump proposed c

27/04/2017 11:28:54 AM | Posted in Commodities Reports read full news
GBPINR spot is expected to trade lower today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot appreciated by 0.33 percent yesterday owing to huge foreign inflows into equities and debt markets which kept the Indian Rupee stronger. Furthermore, fresh selling of dollar by exporters and banks added to the strength. Domestic markets i.e. Sensex and Ni

The intraday supports for the Nifty Bank index are placed around 22027 and 21950 - Angel Broking

Sensex (30133) / Nifty (9352)

For the third consecutive day, our markets opened higher owing to positive global cues. It has been a great come back for our markets after undergoing few weeks of consolidation mode. In the process, the Nifty posted yet another record high beyond the 9350 mark. However, some hint of profit booking was witnessed at higher

Evening Update For 26th April 2017 - Angel Commodities

News and Analysis

* ECB Press Conference due tomorrow.

* German Ifo Business Climate rose to 112.9 in April’17.

* LME Copper stocks fell by 0.3 percent on Tuesday.

 

European markets are trading sideways ahead of the ECB Press conference due tomorrow. Asian markets are trading higher and the US stocks

26/04/2017 5:50:10 PM | Posted in Commodities Reports read full news
Copper prices are currently trading higher - Angel Commodities

Bullion

Gold

Spot gold prices declined by 0.93 percent on Tuesday to close at $1263.4 per ounce as markets became less concerned that far-right leader Marine Le Pen would win the French presidential election, increasing investor appetite for risky assets such as stocks while denting bullion.

A gauge

26/04/2017 3:49:54 PM | Posted in Commodities Reports read full news
We expect sugar prices to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean May futures see a steep fall of 2% on Tuesday due to long liquidation on anticipation of lower demand by the market participants at higher levels. The open interest too decline by 7500 tonnes. As per Agmarknet, arrivals of soybean during Apr 1- 25 is 2,32,853 tonnes while dur

26/04/2017 3:33:01 PM | Posted in Commodities Reports read full news
JPYINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot appreciated by 0.3 percent yesterday owing to increased selling of dollar by exporters and banks. Furthermore, markets rejoiced the outcome of the first round of French Presidential elections which saw the victory of Macron and Le Pen. This kept the domes

The intraday supports for the Nifty Bank index are placed around 21884 and 21794 - Angel Broking

Sensex (29943) / Nifty (9307)

After few weeks of pain, the bulls came back roaring in last couple of days. The Nifty was able to defend the 9100 mark successfully on a closing basis on various occasions and as a result, some positivity across the globe provided impetus to the rally to hit record highs beyond the 9300 mark. Yesterday, we witnessed a goo

Evening Update For 25th April 2017 - Angel Commodities

News and Analysis

* ECB Press Conference due on Thursday.

*  German Ifo Business Climate rose to 112.9 in April’17.

* LME Copper stocks plunged by 1 percent on Monday.

European markets are trading mostly higher as pro growth centrist Emmanuel Macron turned up to be the lead in the first round. Asian markets are

25/04/2017 5:26:20 PM | Posted in Commodities Reports read full news
We expect Soybean prices to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean May futures corrected on Monday due to profit booking at higher levels but the trend is higher as supplies are diminishing and demand for crushing is intact due to encouraging soy meal exports. As per Agmarknet, arrivals of soybean during Apr 1-20 is 1,75,634 tonnes while duri

25/04/2017 12:06:02 PM | Posted in Commodities Reports read full news
The MCX, oil prices are expected to trade higher today - Angel Commodities

Bullion

Gold

On Monday, Spot gold prices declined by 0.7 percent, to close at $1275.2/oz, while MCX gold prices plunged by 1 percent to Rs.29131 per 10 gms. Gold fell to its lowest in nearly two weeks after centrist candidate Emmanuel Macron won the first round of French presidential election, boosting stocks

25/04/2017 11:32:20 AM | Posted in Commodities Reports read full news
EURINR spot is likely to trade higher in today’s trading session - Angel Broking

GLOBAL UPDATES

Asian markets are trading in green on French election relief. The market favorite Emmanuel Macron won the first round of voting alongside far-right leader Marine Le Pen. Both will now contest for the second time on May 7th 2017. Minneapolis Federal Reserve Bank President Neel Kashkari stated he does not believe that infrastructure spendi

The intraday supports for the Nifty Bank index are placed around 21680 and 21580 - Angel Broking

Sensex (29656) / Nifty (9218)

Finally, after few days of pain, the bulls had something to cheer for. The benchmark index opened slightly higher in-line with other Asian peers and then went on to give a vertical rally throughout the remaining part of the day to conclude the session almost at the highest point of the day with more than a percent gains.

Evening Update For 24th April 2017 - Angel Commodities

News and Analysis


* Centrist Emmanuel Macron leads the first round of French elections.

*German Ifo Business Climate rose to 112.9 in April’17.

* LME Copper stocks plunged by 1.3 percent on Friday.

 

European markets are trading higher as risk appetite turned higher after victory of pro growth

24/04/2017 5:46:09 PM | Posted in Commodities Reports read full news
We expect NCDEX May contract to trade higher - Angel Commodities

Jeera

* Jeera May futures corrected for the second successive day on Friday on profit booking but closed higher for the week on lower production estimates by Gujarat Agriculture Department in its 3rd advance estimates for 2016/17 and good export demand .

* As per third advance estimates for 2016/17, production of Jeera in Gujarat revised dow

24/04/2017 5:39:31 PM | Posted in Commodities Reports read full news
EURINR spot is expected to trade sideways - Angel Broking

Rupee
* Last week, USDINR spot depreciated by 0.26 percent owing to risk aversion in the markets that prompted the traders to play safe which dented the demand for the rupee.
* Moreover, weak economic datasets from the nation like inflation, industrial/manufacturing production and balance of trade data added to the woes.
* In the recent RBI