Gold trading range for the day is 28550-28820 - Kedia Commodity

Gold

Gold on MCX settled down -0.18% at 28661 little changed in yesterday's session despite significant geopolitical tensions and Federal Reserve talk. Gains were capped as pressured by the view toward monetary policy, minutes from the Fed appeared to show that the majority of the central bank’s officials remain resolute about hiking rates at

26/05/2017 9:42:33 AM | Posted in Commodities Reports read full news
USDINR trading range for the day is 64.59-65.15 - Kedia Commodity

USDINR

*USDINR trading range for the day is 64.59-65.15.

*Rupee appreciated on likely buying on foreign banks and after minutes of Federal Open Market Committee hinted of gradual rate increase.

*The minutes showed that some central bankers were still watching for evidence that a recent slowdown in growth is temporary.

*Mea

Nickel trading range for the day is 578.3-605.9 - Kedia Commodity

Gold

Gold on MCX settled down -0.34% at 28713 with little changed ahead of the release of the minutes from the most recent Fed meeting. While prices in international briefly climbed, then eased back after minutes from the Fed’s May policy meeting appeared to show that the majority of the central bank’s officials remain resolute about hikin

25/05/2017 9:55:59 AM | Posted in Commodities Reports read full news
EURINR trading range for the day is 72.26-72.83 - Kedia Commodity

USDINR

*USDINR trading range for the day is 64.62-65.08.

*Rupee appreciated on buying by private banks and foreign banks for exporters.

*India's industrial output rose 2.7 percent in March from a year earlier, government data showed.

*India's wholesale prices rose 3.85 percent year-on-year in April, government dat

Menthaoil trading range for the day is 904.9-966.7 - Kedia Commodity

Market Commentary

Mentha oil on MCX settled up by 0.43% at 944.4 amid surge in demand from major consuming industries in the domestic spot market. Further, tight stocks position on restricted supplies from producing regions, too supported mentha oil prices. Total production of mentha oil during the current season is 32,000-34,000 tonnes against prelimi

24/05/2017 11:33:23 AM | Posted in Commodities Reports read full news
Jeera trading range for the day is 17710-1831 - Kedia Commodity

Gold

Gold on MCX settled up 0.09% at 28811 higher but trimmed recent gains but still sentiments remain firm as continuing political uncertainty in the USA combined with the weakening dollar seem to be the main drivers. Gold prices look well placed to push higher on the charts, but rebounding equity markets and stronger industrial metals may act as a h

24/05/2017 11:25:13 AM | Posted in Commodities Reports read full news
GBPINR trading range for the day is 83.77-84.59 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.54-65.14.

* Rupee fell sharply on report that Indian army had undertaken punitive fire assaults across the Line of Control.

* However rupee was already trading down on FII outflows from local stocks following the terrorists a

The Nifty FMCG index ended up 3.6 percent after touching a record high earlier in the session - Kedia Commodity

Market Update

Indian shares closed marginally higher on Monday, with consumer stocks leading the gains as sentiment remained upbeat after the government finalised rates for the upcoming Goods and Services Tax. The broader Nifty closed 0.11 percent higher at 9,438.25, while the benchmark Sensex ended 0.35 percent up at 30,570.97. The Nifty FMCG index en

Turmeric trading range for the day is 5550-5766 - Kedia Commodity

Gold

Gold on MCX settled up 0.52% at 28785 amid ongoing political worries surrounding U.S. President Donald Trump that are expected to keep weighing on the dollar. The U.S Federal Reserve's expected plans for rate increases may be too fast for an economy that has shown recent signs of weakness, St. Louis Fed President James Bullard said, making th

23/05/2017 11:20:38 AM | Posted in Commodities Reports read full news
EURINR trading range for the day is 72.02-72.93 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.39-64.78.

* Rupee gained on selling by foreign banks including HSBC and Deutsche Bank amid FII inflows into local stocks.

* India's merchandise exports grew in double digits in dollar terms for the third consecutive month

Rmseed trading range for the day is 3655-3717 - Kedia Commodity

Gold

Gold prices ended with gains on weekly basis as the dollar softened on political turbulence in the United States, boosting bullion's safe-haven appeal. Safe-haven demand was boosted following reports this week that U.S. President Donald Trump asked former FBI Director James Comey to end the agency's investigation into ties between former

22/05/2017 11:09:53 AM | Posted in Commodities Reports read full news
USDINR trading range for the day is 64.4-65.25 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.4-65.25.

* Rupee snapped three-day fall on buying by exporters, foreign banks and weighed by rise in odds of June Federal Reserve rate hike.

* Meanwhile local shares ended mixed on profit taking offsetting buying by foreign i

USDINR trading range for the day is 64.17-65.3 - Kedia Commodity

USDINR

Rupee dropped sharply as uncertainties surrounding the actions of US president Donald Trump’s administration. Trump has been accused of trying to influence a federal probe including sharing terrorist information with Russia, casting doubts whether he could be above to focus on his pro-growth policies. Local stocks tanked nearly 1% on selli

Gold trading range for the day is 1242.6-1254.2 - Kedia Commodity

GOLD

Gold rose to a two-week high to an overnight peak of $1265, the most since May 1 as political turmoil in the United States reduced expectations of aggressive interest rate rises this year, pushed down U.S. bond yields and drove the dollar to its lowest in six months. Pressure on US President Donald Trump deepened after reports that he tried to int

19/05/2017 11:25:49 AM | Posted in Commodities Reports read full news
CPO trading range for the day is 508.4-518.2 - Kedia Commodity

Gold

Gold on MCX settled up 0.3% at 28705 as support seen after Rupee weakened over 1.1%, its steepest fall in 21-month against the US dollar as concern over US President Donald Trump spurred a sell off in emerging market currencies. Also Comex Gold rose to a two-week high to an overnight peak of $1265, the most since May 1. Pressure on US President D

19/05/2017 11:08:47 AM | Posted in Commodities Reports read full news
Ref.Soya oil trading range for the day is 630-636 - Kedia Commodity

Gold

Gold on MCX settled up 1.87% at 28619 rallied in the line of expectation tracking gains from Comex Gold which soared $22.30 to settle at $1,258.70 an ounce, at the highest since April 28, as dollar fell amid political uncertainty after a source said U.S. President Donald Trump asked the FBI to end a probe into his former security adviser. Preside

18/05/2017 12:03:15 PM | Posted in Commodities Reports read full news
JPYINR trading range for the day is 56.92-57.33 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.02-64.37.

* Rupee settled flat as dollar buying by state-run banks for oil importers was offset by overseas funds flow into local debt and equity markets.

* India's merchandise exports grew in double digits in dollar term

Soyabean trading range for the day is 2733-2931 - Kedia Commodity

Gold

Gold on MCX settled up 0.36% at 28094 as the U.S. dollar slid to the lowest level since November amid signs of slowing economic activity in the U.S. and following another controversy from President Donald Trump. The yellow metal notched a fourth-straight winning session on Monday after rising to its highest since May 4 at $1,237.40, following the

17/05/2017 11:31:57 AM | Posted in Commodities Reports read full news