Friday, 27 September 2013
Thursday, 26 September 2013
Highlight of The International Commodity Market
- US Core Durable Goods Orders declined by 0.1 percent in August.
- GfK German Consumer Climate rose to 7.1-level in September.
- US New Home Sales gained by 31,000 to 421,000 in the last month.
- UK’s CBI Realized Sales jumped to 34-mark in the current month
- LME Copper inventories fell 0.6 percent in yesterday’s trading session.
- US crude oil inventories surged unexpectedly by 2.6 mn bbl yesterday.
Asian markets are trading lower today on the back of rising concerns over the US debt ceiling which poses a threat of growth in the world’s largest economy.
www.marketmagnify.com
07316619100
Domestic Market Update on Soyabean Crop
In the domestic markets, soybean prices witnessed a seesaw session but ended the day on a positive note. Weather premiums continue to build as arrivals in the spot markets remain lower due to slowdown in the harvesting process. The active monsoon trough over the Western and Central India have bought heavy showers leading to concerns over crop damage. Heavy rains in Gujarat have damaged the groundnut crop which is supporting sentiments across the oilseed market. Arrivals of soybean in the Madhya Pradesh spot market were 100,000 bags. Mustard prices surged in yesterday’s session on active buying interest ahead of the festival season. . For the day we expect the bias to remain positive due to unfavourable weather conditions.
www.marketmagnify.com
07316619100
Today's News on Gold Market
Spot gold prices gained around 0.8 percent yesterday on the back of weakness in the DX. Further, favorable economic data from the US in yesterday’s trade supported an upside in prices.
However, sharp upside was capped as a result of declining trend in SPDR gold holdings to 909.59 tonnes. Additionally, weak global market sentiments coupled with rising concerns over the US debt ceiling restricted positive movement in prices. The yellow metal touched an intra-day high of $1337.90/oz and closed at $1333/oz in yesterday’s trade.
On the MCX, October contract gold prices jumped around 1.3 pecentand closed at Rs.30,215/10 gms after touching an intra-day high of Rs.30,290/10 gms on Wednesday.
www.marketmagnify.com
07316619100
Industrial Metal Market News on 26/09/2013 by Market Magnify
Industrial metals prices traded mixed yesterday as solid demand from China helped stem three consecutive days of falls, though uncertainty about the U.S. fiscal outlook and its monetary policy kept gains in check.
Industrial metals prices are trading little changed on international bourses today. In the evening session we have the final GDP numbers to be released by the US. Any higher than expected data reported is likely to lend support to base metals prices.
www.marketmagnify.com
07316619100
Wednesday, 25 September 2013
How to Start Trading in Commodity Market
Traditionally, investors have had more exposure in equities and fixed income. They should now diversify into commodities even if it means holding 5-10 percent of their portfolio. What they have to be careful with, as with any asset class, is they should do their research and homework on how to invest in commodities, what instruments to use and what risks there are in investing in commodities. For retail investors, the easiest way to get started with commodities is the gold ETF
So to get
best MCX Tips commodity
trading tips, gold tips, silver tips, crude tips, copper tips,
aluminum tips, and nickel tips register today at http://www.marketmagnify.com/freetrial.php for free trial
and get best calls for two days or call 07316619100.
Monday, 6 May 2013
COPPER
Copper rose more than 6 percent on Friday, its strongest daily gain in 18 months, as economic stimulus moves by central banks raised investor confidence over growth of industrial metals demand.
0731-6619000
U.S.CRUDE
U.S. crude rose $1.27 a barrel to a one-month high of $96.88 at 0000 GMT on Monday, down slightly from a high of $96.97. On Friday, it settled up $1.62, or 1.7 percent, at $95.61, its highest close since April 3.
0731-6619000
BRENT CRUDE
Brent crude also rose $1.14 to $105.33 a barrel after it previously settled at $104.19 a barrel.
0731-6619000
GOLD
Gold added $3.46 an ounce to $1,473.66 by 0037 GMT after rising as high as $1,487.80 on Friday, its strongest since April 15, on safe haven buying after a cut in interest rates by the European Central Bank and the U.S. Federal Reserve’s decision to stick to its stimulus programme.
0731-6619000
Subscribe to:
Posts (Atom)