Evening Update For 29th June 2017 - Angel Commodities

News and Analysis

* Hawkish comments BY BoE and ECB hurt DX.

* LME Copper inventories plunged by 2.2 percent on Wednesday.

* US Consumer confidence rose to a nearly 16-year high in June’17.

European markets are trading lower today hurt by weakness in the domestic indices. Asian markets ended higher and the US stocks

29/06/2017 5:42:46 PM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade higher today - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices rose marginally by 0.15 percent to close at $1248.8 per ounce on account of weak dollar and following a global cyber attack and a delay to U.S. healthcare legislation that fueled doubts about President Donald Trump's ability to pass measures expected to boost th

29/06/2017 9:59:38 AM | Posted in Commodities Reports read full news
Sugar futures may trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean July futures on NCDEX closed down after good rise in the morning pressured by higher arrivals, weak edible oil prices and good sowing progress. The current prices have been 21% lower as compared to last year prices and there is further scope of price rise due to higher MSP de

29/06/2017 9:52:11 AM | Posted in Commodities Reports read full news
EURINR spot is likely to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, the Indian Rupee spot depreciated marginally by 0.05 percent on account of limited demand for the US Dollar by importers and banks. Domestic markets i.e. Sensex and Nifty traded lower as worries with respect to GST bill weigh on investo

Evening Update For 28th June 2017 - Angel Commodities

News and Analysis

* Janet Yellen reiterates on gradual rate hikes.

* LME Copper inventories fell by 0.8 percent on Tuesday.

* US Consumer confidence rose to a nearly 16-year high in June’17.

European markets are trading mixed today weighed down by persistent fall in crude oil prices. Asian markets ended lower and th

28/06/2017 5:46:41 PM | Posted in Commodities Reports read full news
Gold prices are expected to trade higher today - Angel Commodities

Bullion

Gold

Spot Gold prices closed marginally higher by 0.2 percent at $1247 per ounce as weakness in the DX after European Central Bank President Mario Draghi said in a speech in Portugal that changes to the central bank’s accommodative posture may see the ECB move “not in order to tighten the p

28/06/2017 12:25:14 PM | Posted in Commodities Reports read full news
We expect Ref Soy oil to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

Soybean July futures on NCDEX closed higher on Tuesday despite good sowing progress. The prices have been supported by lower level buying and good physical markets players. The current prices have been 20% lower as compared to last year prices and there is further scope of price rise

28/06/2017 11:57:33 AM | Posted in Commodities Reports read full news
USDINR spot is likely to depreciate - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, the Indian Rupee spot appreciated marginally by 0.02 percent owing to weakness in the American currency post the announcement of delay in health care vote. Moreover, sustained selling of the US Dollar by exporters and banks added to the

Evening Update For 27th June 2017 - Angel Commodities

News and Analysis

*  Markets to watch for Janet Yellen speech tonight.

* LME Copper inventories continue to decline consistently

* Consumer confidence from US will be a close watch tonight

European markets are trading lower today, Asian markets ended mixed and the US stocks futures are trading in red Gold prices

27/06/2017 5:35:31 PM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade higher today - Angel Commodities

Bullion

Gold

Week on week, gold prices closed marginally higher by 0.1 percent at $1244 per ounce while the markets remained dull last week on account of Eid holidays.

Earlier, prices lost momentum after a string of hawkish comments by Fed members. Latest comments by Boston Fed President Eric Rosen

27/06/2017 10:56:09 AM | Posted in Commodities Reports read full news
Soybean futures are expected to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean July futures on NCDEX gain more that 1% during last week mainly on lower level buying by the market participants due to lower level buying and higher intake by physical markets players. The monsoon rains may cover soybean belt in MP, Maharashtra and Rajasthan before the begin

27/06/2017 10:41:44 AM | Posted in Commodities Reports read full news
Sell NSE USDINR July between 65.00-65.20, SL-65.40, Target-64.50/64.30 - Angel Broking

NSE USDINR July (CMP – 64.77)

NSE USDINR July as seen in the weekly chart above has opened the week with gap down at 64.7525 levels and starting of the week it made a weekly low of 64.64 levels. Later on prices could not able to sustain on lower levels and rallied sharply and made a weekly high of 64.9875 levels. On the last trading session of th

Evening Update For 23rd June 2017 - Angel Commodities

News and Analysis

* Copper market shifts to 5000 tonnes deficit in Mar’17 - ICSG.

* German Flash Manufacturing PMI fell to 59.3 in Mar’17.

* LME Copper stocks down by 0.8 percent on Thursday.

European markets are trading lower today as weakness in crude oil prices hurt global risk appetite. Asian markets are t

23/06/2017 5:34:11 PM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade lower today - Angel Commodities

Bullion

Gold

On Thursday, gold prices closed higher by 0.2 percent at $1249.8 per ounce recovered after touching $1241/oz, level last seen in May’17, supported by weaker dollar along with sharp plunge in global equities.

Earlier, prices lost momentum after a string of hawkish comments by Fed m

23/06/2017 11:04:27 AM | Posted in Commodities Reports read full news
We expect Jeera futures expected to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean Jul futures trading in a range and closed little down on Thursday, despite slow progress of soybean planting and lower arrivals in physical markets. Weak physical demand and reports of monsoon rains may cover soybean belt in MP, Maharashtra and Rajasthan in coming weeks. The p

23/06/2017 9:50:53 AM | Posted in Commodities Reports read full news
GBPINR is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot depreciated by 0.10 percent amid weak trading in domestic markets i.e. Sensex and Nifty after National Association of Software and Services Companies projected that the revenue growth for India’s software services indu

We continue to remain cautious on the index and any attempt towards 9700 - 9720 - Angel Broking

Sensex (31291) / Nifty (9630)

Yesterday, we witnessed a flat opening with a mildly positive bias owing to favorable cues from the Asian peers. Subsequently, the index added further gains to gradually march towards the 9700 mark. However, as expected, a strong bout of profit booking towards this resistance dragged the index lower to pare down all gains.

Evening Update For 22nd June 2017 - Angel Commodities

News and Analysis

* US crude oil prices languish near nine month lows.

* Fed member Harker advocated a "pause" on rate hikes.

* LME Copper stocks down by 1 percent on Wednesday.

European markets are trading lower today as sharp plunge in crude oil prices hurt global risk appetite. Asian markets are trading mixed

22/06/2017 5:43:24 PM | Posted in Commodities Reports read full news
Cotton futures are expected trade lower - Angel Commodities

Agri-Fundamentals

Soybean

Soybean Jul futures fell nearly 1% on weak physical demand and reports of monsoon rains to cover soybean belt in MP. As per the government weekly sowing data, area under soybean crop across the country for the 2017-18 kharif was at 45,000 ha till last week, down 55.4% on year. Earli

22/06/2017 12:14:55 PM | Posted in Commodities Reports read full news
Gold prices are expected to trade higher today - Angel Commodities

Bullion

Gold

On Wednesday, gold prices closed higher by 0.3 percent at $1246.1 per ounce recovered after touching $1241/oz, level last seen in May’17, supported by weaker dollar along with sharp plunge in global equities.

Earlier, prices lost momentum after a string of hawkish comments by Fed

22/06/2017 12:02:24 PM | Posted in Commodities Reports read full news