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Below the Quote on Oil by Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd "Oil continues to trade with a positive bias, as prices remain supported by demand expectations in the ongoing U.S. summer driving season, falling bi-product inventories in U.S. and revised oil demand estimates by OPEC and EIA for rest of the year. WTI crude has recovered from around $76.5 hit last week after reports that U.S. Energy department pl...
Quote on Oil by Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Below the Quote on Gold by Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd "Commodities are broadly stuck in a range and trading flat, as we look ahead to the U.S. CPI numbers and the Federal Reserve’s policy meeting outcome later in the day. Although the Fed is expected to keep rates unchanged today, but their forward guidance/ commentary on inflation will be closely watched and any surprises would lead to increased v...
Quote on Gold by Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
Below the Quote on Gold from Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd "Gold is still confined in a 800/1000 point range for the eight straight session, while U.S. dollar index trades steady above support at 103.8. Focus ahead will be on the European Central Bank policy meeting on Thursday and the U.S. NFP data of Friday. Technically, support holds at 71450/ 70800, while on the upside resistance is seen at 72500/ 72...
Quote on Gold from Mr. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd
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