CPO trading range for the day is 477.7-486.1 - Kedia Commodity

Gold

Gold on MCX settled up 0.29% at 28331 as the euro jumped in the wake of a ECB meeting, putting pressure on the dollar. The ECB, as expected, left interest-rate policy and other stimulative measures untouched. But the euro jumped as investors looked beyond seemingly dovish remarks by ECB President Mario Draghi to continued expectations the institu

21/07/2017 11:11:35 AM | Posted in Commodities Reports read full news
USDINR trading range for the day is 64.31-64. - Kedia Commodity

USDINR

* USDINR trading range for the day is 64.31-64.6.

* Rupee weakened against the dollar on selling importers amid strong greenback and lack of fresh triggers.

* Indian banks taking 12 of the country's largest defaulters to bankruptcy court under a central bank directive, will need to make additional provisioning of at leas

Ref.Soya oil trading range for the day is 633-645 - Kedia Commodity

Gold

Gold on MCX settled at 28250 prices consolidated in yesterday’s session settled unchanged holding recent gains in quiet dealing as the dollar edged higher, following the stronger than expected housing starts report. The recent string of data, until Wednesday, showed the U.S. economy was moderating, helping the dollar ease and paving the way

20/07/2017 11:34:17 AM | Posted in Commodities Reports read full news
EURINR trading range for the day is 74.1-74.43 - Kedia

USDINR

* USDINR trading range for the day is 64.31-64.48. 

* Rupee traded in range on likely foreign institutional investor fund inflows into local stocks and likely dollar buying by RBI to curb further appreciation.

* India will reclaim its position as the fastest growing major global economy this year, partly propelled by ben

Soyabean trading range for the day is 2948-3070 - Kedia Commodity

Gold

Gold on MCX settled up 0.47% at 28253 finished higher with a sharply weaker US dollar sending prices up for a third session in a row to their highest level of the month so far. Price gained as growing doubts over the US President Donald Trump's ability to push through pro-growth reforms, after the Senate Republicans rejected Trump’s Hea

19/07/2017 10:51:48 AM | Posted in Commodities Reports read full news
GBPINR trading range for the day is 83.35-84.8 - Kedia

USDINR

* USDINR trading range for the day is 64.36-64.48.

* Rupee traded in range on dollar buying by nationalised banks amid overseas fund outflows from local stocks.

* Investors risk appetite improved on rising expectations that the Federal Reserve will take a more cautious approach to raising interest rates.

* Indian ba

Menthaoil trading range for the day is 943.4-976.2 - Kedia Commodity

Gold

Gold on MCX settled up 0.44% at 28120 climbed amid somewhat disappointing economic data and questions about whether the Federal Reserve will raise interest rates again this year. Bullion prices on Friday marked the highest finish of the month and their first weekly rise since early June, as data on retail sales and inflation stoked concerns that

18/07/2017 10:16:00 AM | Posted in Commodities Reports read full news
JPYINR trading range for the day is 57.11-57.48. - Kedia

USDINR

* USDINR trading range for the day is 64.36-64.53.

* Rupee ends near five-week high on likely buying by foreign banks on behalf of overseas investors.

* There is expectation of a possible rate cut by the Reserve Bank of India at the August policy amid buying by provident funds and insurance companies.

* India's

Aluminium trading range for the day is 122.3-124.3 - Kedia Commodity

Gold

Gold on MCX settled up 0.57% at 27996 after data pointed to weak U.S. inflation, reaffirming doubts that the U.S. central bank would again hike interest rates this year. U.S. consumer prices were unchanged in June and retail sales fell for a second straight month. Bond yields dipped and the dollar index slid to their lowest level since September

17/07/2017 10:05:26 AM | Posted in Commodities Reports read full news
USDINR trading range for the day is 64.47-64.62 - Kedia

USDINR

* USDINR trading range for the day is 64.47-64.62.

* Rupee traded in range on intervention by the Reserve Bank of India in the forex market and uptick in US Treasury yields post upbeat US economic data.

* India's wholesale prices further eased to 0.9 percent year-on-year in June, government data showed, in line with the decline in retail

Zinc trading range for the day is 177.8-184.6 - Kedia Commodity

Gold

Gold on MCX settled flat at 27845 for a second session amid little response to ongoing testimony from Federal Reserve Chair Janet Yellen. There has been further mixed currency trading with only limited impact on gold, but a renewed increase in bond yields has put some downward pressure on prices. The dollar remained on the defensive against the y

14/07/2017 12:14:35 PM | Posted in Commodities Reports read full news
JPYINR trading range for the day is 57-57.3 - Kedia Commodity

USDINR Trading Ideas for the Day

* USDINR trading range for the day is 64.39-64.66.

* Rupee gained after the consumer inflation rate eased to its lowest in five years, cementing hopes for a cut in interest rates in August.

* India's industrial output grew 1.7 percent in May from a year earlier, g

Copper trading range for the day is 380.8-387 - Kedia Commodity

Gold

Gold on MCX settled flat up at 27842 in yesterday’s session as somewhat positive economic data solidified expectations for another interest rate hike before year's end. The sell-off in the precious metals prices also seems to have run their course, with underlying tails on recent days’ candlesticks suggesting dip buying interest.

13/07/2017 11:35:52 AM | Posted in Commodities Reports read full news
GBPINR trading range for the day is 82.74-83.63 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.58-64.76.

* Rupee gained against the dollar on likely position building ahead of India's June retail inflation data.

* Support also seen after Federal Reserve Governor Lael Brainard said another rate hike is unnecessary am

Sell Natural Gas Jul Below 195.50 SL ABV 198 TGT 191.80-188.80 - Kedia Commodity

Naturalgas

Naturalgas on MCX settled up 3.91% at 196.80 prices surged higher as warmer than normal weather is expected to cover most of the United States for the next 8-14 days which should increase cooling demand driving up natural gas prices. Hot high pressure with highs of 90s and 100s will dominate much of the country this week for strong demand b

12/07/2017 3:07:15 PM | Posted in Commodities Reports read full news
Naturalgas trading range for the day is 186.2-202.4 - Kedia Commodity

Gold

Gold on MCX settled up 0.14% at 27834 after Fed’s Brainard sparked doubts about a rate hike later this year, warning that further rate increases could stifle inflation. Minneapolis Federal Reserve Bank President Neel Kashkari said on Tuesday he finds it hard to believe that the U.S. economy is in danger of overheating when wage growth is so

12/07/2017 11:56:34 AM | Posted in Commodities Reports read full news