Thursday, 31 May 2018

Zinc Prices Remained Supported On Warrant Zinc Stocks In LME Warehouses Eased

Zinc trading range for the day is 203.8-216.8.

Zinc prices remained supported on-warrant zinc stocks in LME warehouses eased to 195,225 tonnes, their lowest in a month.

Chinese state media criticised a U.S. announcement that it would press ahead with restrictions on investment by Chinese companies, saying that Beijing was ready to fight back

China warned that it was ready to fight back if Washington was looking for a trade war.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Copper Fell Pressured By A Firmer Dollar And As Italy's Deepening Political Crisis Pulled

Copper trading range for the day is 447.3-465.9.

Copper fell pressured by a firmer dollar and as Italy's deepening political crisis pulled investors out of risky assets.

News that US will continue with imposing tariffs on $50 billion of imports from China unless Beijing addresses the issue of theft of U.S. intellectual property also weighed.

Italy, may call elections that could put leaders in power who question the country's commitment to the European Union and the euro currency.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Silver On MCX Settled Up 0.16% At 40044 After U.S. Data Showed The U.S. Economy

Silver on MCX settled up 0.16% at 40044 after U.S. data showed the U.S. economy slowed slightly more than initially expected in the first quarter while political uncertainty lingered in Italy.

Prices traded in a range as signs the Italian crisis was abating reduced safe-haven demand, triggering risk-on sentiment, offsetting support from a plunge in the U.S. dollar index.

Safe-haven demand eased as hopes emerged for the formation of an elected coalition government in Italy after Italy’s designate Prime Minister Carlo Cottarelli was reportedly mulling “new possibilities” to form a government.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Gold Traded In Range As Signs The Italian Crisis Was Abating Reduced Safe Haven Demand

Gold traded in range as signs the Italian crisis was abating reduced safe-haven demand, triggering risk-on sentiment, offsetting support from a plunge in dollar. U.S. economic growth slowed slightly more than initially thought in the first quarter as consumer spending rose at its weakest pace in nearly five years.

China lashed out at renewed threats from the White House on trade, warning that it was ready to fight back if Washington was looking for a trade war.

The United States will announce plans to impose tariffs on steel and aluminium from the European Union, possibly as early as Thursday, the Wall Street Journal reported, citing people familiar with the matter.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 30 May 2018

Natural Gas Dropped As The Weather Forecast Changed Slightly To Show

Natural gas trading range for the day is 190.5-206.7.

Natural gas dropped as the weather forecast changed slightly to show that the east coast will have cooler than normal weather over the next 8-14 days.

While the rest of the United States is forecast to receive temperatures well above normal the slight deviation took prices down following last weeks rally.

Total natural gas in storage currently stands at 1.629 trillion cubic feet, according to the U.S. Energy Information Administration.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Crude Oil Prices Dropped As Traders Continued To Fret The Prospect Of An Increase

Crude oil trading range for the day is 4438-4622.

Crude oil prices dropped as traders continued to fret the prospect of an increase in output from OPEC and Russia to offset a potential shortage in global supplies.

Concerns that Saudi Arabia and Russia could boost output to meet the shortfall in supply from Iran and Venezuela have put downward pressures on oil prices.

The OPEC and non-OPEC producers led by Russia have been curbing output by about 1.8 mbpd to prop up oil prices and reduce high global oil stocks.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Silver Edged Up As A Deepening Political Crisis In Italy Provoked

Silver trading range for the day is 39594-40412.

Silver edged up as a deepening political crisis in Italy provoked a second day of heavy selling on European financial markets.

The U.S. Federal Reserve will have difficulty raising interest rates significantly beyond the settings of its Japanese and European counterparts.

Investors fear another Italian election, which looks likely to take place as soon as August, might serve as a de facto referendum on the country’s membership in EU.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Gold Prices Remained Supported As Earlier Losses On Dollar Strength

Gold trading range for the day is 30879-31479.

Gold prices remained supported as earlier losses on dollar strength were offset somewhat by rising safe-haven demand following an uptick in geopolitical uncertainty.

Italy faces the prospect of fresh elections, which could deliver a deeply Eurosceptic government, threatening the future of Eurozone.

Rising geopolitical uncertainty, however, has failed to stop money managers from trimming their bets on gold for a second-straight week.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 29 May 2018

Natural Gas Prices Remained Supported On Concerns Warm Weather Going Into The Summer

Natural gas trading range for the day is 197.1-205.7.

Natural gas prices remained supported on concerns warm weather going into the summer will cause power generators to burn more gas than usual.

Warm weather so far this spring and forecasts for temperatures to remain higher than normal through at least the second week of June.

Projected gas demand in the Lower 48 U.S. states would rise to 72.0 billion cubic feet per day.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Crude Oil Prices Extended Losses As Saudi Arabia And Russia Said They May Increase Supplies

Crude oil trading range for the day is 4403-4633.

Crude oil prices extended losses as Saudi Arabia and Russia said they may increase supplies while U.S. production gains show no signs of slowing.

OPEC and other producers withholding 1.8mbpd of supplies in 2017 to tighten the market and prop up prices that in 2016 fell to their lowest in more than a decade

U.S. crude production showed no sign of abating as drillers continued to expand their search for new oilfields to exploit.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Silver Prices Eased After U.S. President Donald Trump Appeared To Confirm His Summit

Silver trading range for the day is 39597-40363.

Silver prices eased after U.S. President Donald Trump appeared to confirm his summit with North Korean leader Kim Jong-un is now back on track.

Sentiments remain weak after U.S. President Donald Trump revived hopes that he would meet North Korean leader Kim Jong Un next month, lowering political tensions

Now investors had feared that the coalition could endanger Italy’s membership in the euro zone.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Gold Prices Eased As U.S. President Trump Revived Hopes

Gold trading range for the day is 30738-31262.

Gold prices eased as U.S. President Trump revived hopes of his summit with North Korean leader Kim Jong-un, after cancelling the meeting last week.

Risk appetite was boosted after U.S. President Donald Trump said that a U.S. team had entered North Korea to prepare for a proposed summit.

Hedge funds and money managers cut their net long position in COMEX gold contracts to the smallest in 10 months in the week to May 22, U.S. CFTC data showed.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 28 May 2018

Aluminium Dropped On Profit Booking After Prices Rallied On Lingering Supply

Aluminium trading range for the day is 149.8-159.

Aluminium dropped on profit booking after prices rallied on lingering supply uncertainties as investors positioned for a deficit market.

Japan aluminium association official says working closely with Japan government in seeking country exemption from U.S. import duties.

China's inventory of primary aluminium, shrank to 2.08 million mt due to fewer deliveries to warehouses and stable downstream consumption.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Nickel Prices Dropped On Profit Booking After Prices Gained As Investors Bet

Nickel trading range for the day is 973.6-1032.

Nickel prices dropped on profit booking after prices gained as investors bet that demand would increase in line with China's electric vehicle boom.

Nickel ore output in the Philippines, the No. 2 biggest supplier to China, fell 2 percent in the first quarter from a year ago.

Nickel ore directly shipped to buyers totalled 1.69 million dry metric tonnes in January- March, down from 1.72 million dmt in the same quarter last year.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Silver On MCX Settled Down -1.5% At 40267 Amid Easing Geopolitical Uncertainty

Silver on MCX settled down -1.5% at 40267 amid easing geopolitical uncertainty following Trump’s reverse ferret on the North Korea summit.

On Thursday, U.S. President Donald Trump canceled his June 12 summit with Korean leader Kim Jong-Un because of what he called the “tremendous anger and open hostility” from Pyongyang.

However, Trump described on Friday a conciliatory statement from North Korea saying it remained willing to meet with the U.S. as “warm and productive”, suggesting that the door was not completely closed on eventual talks.

Escalating friction between China and the U.S. on trade issues also served to increase appetite for the safe haven asset in the week.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Gold Remained Resilient In The Wake Of A Resurgent Dollar On The Back Of Positive Economic

Gold on MCX settled down -0.91% at 31189 as investors digested news of U.S. President Donald Trump saying a meeting with North Korea's leader could still go ahead. 

Gold remained resilient in the wake of a resurgent dollar on the back of positive economic data as durable goods orders topped expectations reaffirming investor confidence in the U.S. economy. 

The yellow metal also sidestepped easing U.S.- North Korea tensions after U.S. President Donald Trump said the meeting with North Korean counterpart Kim Jong Un could still proceed following conciliatory comments from North Korea overnight.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 25 May 2018

Zinc Prices Recovered After The Dollar Took A Hit Following U.S. President Donald Trump's

Zinc trading range for the day is 205.6-209.4.

Zinc prices recovered after the dollar took a hit following U.S. President Donald Trump's decision to cancel a summit with North Korean leader Kim Jong Un.

China will slash import tariffs on certain vehicles and auto parts down to 15%, the Ministry of Finance said. Cuts will take effect on July 1.

Cme lowers zinc futures initial margins for specs by 8.3 percent to $3,630 per contract from $3,960.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Copper Recovered Some Lost Ground, Though Appetite For Risk Remained Fragile

Copper trading range for the day is 462.8-472.6.

Copper recovered some lost ground, though appetite for risk remained fragile after U.S. President Donald Trump called off a planned summit with North Korean.

The CME Group, lowered margins for copper contracts nearly 10 percent, effective after the close of business on May 24.

On-warrant stocks of copper in LME warehouses - fell 7,975 tonnes to 226,300 tonnes, their lowest since late January.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Silver Prices Gained Lifted By A Weaker Dollar, Worries About Renewed Trade

Silver trading range for the day is 40125-41295.

Silver prices gained lifted by a weaker dollar, worries about renewed trade tensions and volatile emerging markets.

Support also seen after U.S. President Donald Trump's threat to impose new tariffs and minutes of the Federal Reserve's last policy meeting were seen as dovish.

US data showed unemployment claims rose 9 thousand to 234 thousand from 223 thousand, while continuing claims rose 29 thousand.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Gold Prices Moved Higher As A Weaker Dollar And U.S. China Trade Concerns

Gold trading range for the day is 31135-31679.

Gold prices moved higher as a weaker dollar and U.S.-China trade concerns continued to support demand for the safe haven precious medal.

The latest Federal Reserve meeting minutes hinted at a dovish approach to rate hikes later this year.

The minutes indicated central bankers are happy to let inflation run above the 2% target for a “temporary period”, signaling no rush to tighten monetary policy.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 24 May 2018

Natural Gas Soared To Settled Near 200 Level After Revised National Weather Service

Natural gas trading range for the day is 195.9-203.3.

Natural gas soared to settled near 200 level after revised National Weather Service forecasts showed above-average temperatures.

Support seen as jump in cooling load and linger demand for heating boosted overall consumption for natural gas by 4% in the week to May 16

Demand increases week over week as electric power sector consumption rises.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Crude Oil Prices Settled Lower Following Data Showing An Unexpected Jump In U.S.

Crude oil trading range for the day is 4853-4977.

Crude oil prices settled lower following data showing an unexpected jump in U.S. crude supplies

Commercial U.S. crude inventories rose by 5.8 million barrels in the week to May 18, beating expectations for a decrease of 1.6 million barrels.

OPEC may decide to raise oil output in June due to concerns about Venezuela production decline and possible Iran oil supply shortage.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Silver On MCX Settled Down -0.55% At 40274 But Losses Were Limited

Silver on MCX settled down -0.55% at 40274 but losses were limited as rising geopolitical uncertainty triggered demand for safe-haven assets. 

Signs of US-China trade tensions saw traders pile into prices, helping the metal steady from a heavy selloff last week despite a strong uptick in the dollar. Investors interpreted minutes from the U.S. Federal Reserve's latest policy meeting as dovish. 

Most Federal Reserve policymakers thought it likely another interest rate increase would be warranted "soon" if the U.S. economic outlook remains intact, minutes of the central bank's last policy meeting showed. Policymakers once again debated the inflation path.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Gold On MCX Settled Up 0.24% At 31183 As The U.S. Dollar Backed Off

Gold on MCX settled up 0.24% at 31183 as the U.S. dollar backed off its highs while investors interpreted minutes from the U.S. Federal Reserve's latest policy meeting as dovish. 

The Federal Reserve continues to project two more rate hikes are on the way this year with three more on the way for 2019, according to the minutes of their most recent meeting. 

There was no interest rate hike at the May meeting, but policy makers debated the threat of inflation and acknowledged trade-related uncertainties.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 23 May 2018

Aluminium Slid As The Market Continued In Correction Mode After Rallying Last Month

Aluminium trading range for the day is 152.3-157.1.

Aluminium slid as the market continued in correction mode after rallying last month on support from U.S. sanctions against Rusal.

Global primary aluminium output fell to 5.256 million tonnes in April from a revised 5.372 million tonnes in March, data showed.

China’s economy will likely expand by around 6.7 percent in the second quarter this year, the State Information Center said.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Nickel Remained Supported With Prices Underpinned As The Chance Of A U.S.

Nickel trading range for the day is 982.1-1018.9.

Nickel remained supported with prices underpinned as the chance of a U.S.-China trade war appeared to fade.

The global nickel market deficit widened to 15,700 tonnes in March from a revised deficit of 6,600 tonnes in the previous month.

Stocks registered with the ShFE closed last week at 33,000 tonnes, their lowest level since October 2015, when the Shanghai contract was in its infancy.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Silver On MCX Settled Up 0.27% At 40495 As The Dollar Lost Momentum

Silver on MCX settled up 0.27% at 40495 as the dollar lost momentum after a rally sparked by rising U.S. bond yields and the prospect of a resolution to U.S.-China trade tensions. 

Demand for industrial metal silver rose after China said it would cut import duties on passenger cars and parts from July 1. Trump said he was not pleased with recent trade talks between the United States and China, but kept the door open for further negotiations. 

Donald Trump said on Tuesday there was a "substantial chance" his summit with North Korean leader Kim Jong Un will not take place as planned on June 12 amid concerns that Kim is resistant to giving up his nuclear weapons.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Gold Steadied As The U.S. Dollar Fell From A Five Month High

Gold steadied as the U.S. dollar fell from a five-month high, although risk appetite in the broader financial markets kept the metal's gains in check. 

Investors waited for minutes from the Federal Reserve's meeting for clues on the outlook for U.S. interest rates. Trump on Tuesday said he was not pleased with recent trade talks between the United States and China, but kept the door open for further negotiations.

Donald Trump said there was a "substantial chance" his summit with North Korean leader Kim Jong Un will not take place as planned on June 12 amid concerns that Kim is resistant to giving up his nuclear weapons.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 22 May 2018

Zinc Settled Flat As Prices Seen Pressure Buoyed By A Further Rise In U.S. Treasury

Zinc trading range for the day is 209.4-213.4.

Zinc settled flat as prices seen pressure buoyed by a further rise in U.S. Treasury yields that suggests an upbeat outlook for the world’s largest economy.

China's economy will likely expand around 6.7 percent in the second quarter this year, the State Information Center said.

China’s zinc social inventories dipped as maintenance works at smelters limited the deliveries to warehouses.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Copper Edged Higher After China And The United States Put Their Trade Row On Hold

Copper trading range for the day is 460.5-473.1.

Copper edged higher after China and the United States put their trade row on hold, easing concerns the dispute could escalate.

The U.S. trade war with China is "on hold" after the world's largest economies agreed to drop their tariff threats while they work on a wider trade agreement.

Japanese copper miners JX Nippon Mining & Metals and Sumitomo Metal Mining plan to increase output from their mines in Chile this year.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Silver On MCX Settled Up 0.48% At 40387 As The U.S. Dollar Took A Breather

Silver on MCX settled up 0.48% at 40387 as the U.S. dollar took a breather from its recent rally to trade below a five-month high. 

U.S. President Donald Trump said China had pledged to buy "massive amounts" of American agricultural products but gave no other details about planned commitments from Beijing following U.S.-China trade talks last week. 

Washington and Beijing both claimed victory as the world's two largest economies stepped back from the brink of a global trade war and agreed to hold further talks to boost U.S. exports to China.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Gold On MCX Settled Up 0.07% At 31112 As Prices Recovered From Lows On Dollar

Gold on MCX settled up 0.07% at 31112 as prices recovered from lows on dollar weakness but remained under pressure amid easing trade war fears and signs of waning demand for the yellow metal. 

The world's two largest economies stepped back from the brink of a global trade war and agreed to hold further talks aimed at boosting U.S. exports to China. 

The yellow metal is also being weighed down by expectations that the Federal Reserve will lift U.S. interest rates again next month. Higher interest rates make non-yielding assets like gold less attractive to investors.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 21 May 2018

Natural Gas Prices Ended With Gains On Forecasts For Low Heating And Cooling Demand

Natural gas trading range for the day is 192.2-196.4.

Natural gas prices ended with gains on forecasts for low heating and cooling demand through the end of May.

Supply was flat week over week and demand was higher helping prices remain buoyed.

According to data from the EIA, the average total supply of natural gas remained the same as in the previous report week, averaging 85.6 Bcf/d.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Crude Oil Prices Gained Boosted By Strong Demand, Looming Sanctions On Iran

Crude oil trading range for the day is 4801-4907.

Crude oil prices gained boosted by strong demand, looming sanctions on Iran, plummeting Venezuelan production and Nigerian disruptions.

Crude prices have received broad support from voluntary supply cuts led by the Organization of the Petroleum Exporting Countries.

The International Energy Agency said oil inventories in the developed world had already dipped below the five-year average, a measure targeted by OPEC and its allies.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Silver Gains As A Weaker Dollar And Falling U.S. Treasury Yields Bolstered Demand

Silver trading range for the day is 39966-40362.

Silver gains as a weaker dollar and falling U.S. Treasury yields bolstered demand for the precious metal.

A tightening U.S. labor market and mid-Atlantic factory activity picking up, bolstering expectations Fed will raise interest rates next month.

United States 10-Year turned negative, pressuring the dollar to give up some of its gains after hitting a fresh five-month high.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Gold Prices Rebounded As The U.S. Dollar Eased After Italian Political Tension Sparked

Gold trading range for the day is 30882-31214.

Gold prices rebounded as the U.S. dollar eased after Italian political tension sparked a sell-off in the country's bond markets and investors sought a safe haven.

Fed's Kaplan says the US economy is currently at or past the level of full employment

Fed's Kaplan says he is confident in the 2.5 to 2.75% 2018 growth estimate. Doesn't see the economy heading into a recession.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 18 May 2018

Natural Gas Gains On Prospects That Warm Weather Expected For The Next Few Weeks

Natural gas trading range for the day is 186.1-197.9.

Natural gas gains on prospects that warm weather expected for the next few weeks will boost air conditioning demand.

The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. increased by 106 billion cubic feet in the week

Total U.S. natural gas storage stood at 1.538 trillion cubic feet, 34.8% lower than levels at this time a year ago.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Crude Oil Gained On Concerns That Iranian Exports Could Fall Due To Renewed U.S. Sanctions

Crude oil trading range for the day is 4774-4928.

Crude oil gained on concerns that Iranian exports could fall due to renewed U.S. sanctions and reduce supply in an already tightening market.

Global inventories of crude oil and refined products dropped sharply in recent months due to robust demand and production cuts by the world's top producing countries.

Oil stocks were expected to drop further as the peak summer driving season nears, offsetting increases in U.S. shale output.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Silver Prices Gained As The Rally In Bond Yields And The Dollar Cooled

Silver trading range for the day is 39657-40435.

Silver prices gained as the rally in bond yields and the dollar cooled, limiting downside momentum in the precious metal.

The U.S. economy has reached the threshold for maximum employment and it may already be lower than is sustainable, Dallas Fed President Robert Kaplan said.

New applications for U.S. jobless benefits increased more than expected last week, but the number of Americans on unemployment rolls fell to its lowest level since 1973.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Gold Settled Flat As Another Rise In U.S. Bond Yields And Concerns Over Political Risk

Gold trading range for the day is 30797-31085.

Gold settled flat as another rise in U.S. bond yields and concerns over political risk in Italy weighed.

United States 10-Year struggled to add to gains, retreating from session highs, dragging the dollar lower to trade just above breakeven against its rivals.

Recovery in prices seen data pointing to signs of rising inflation that could prompt the Federal Reserve to adopt a faster pace of monetary policy tightening.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 17 May 2018

Zinc Prices Settled Flat With The Uplift From Encouraging Chinese Home Sales Data

Zinc trading range for the day is 206.7-210.7.

Zinc prices settled flat with the uplift from encouraging Chinese home sales data capped by a stronger dollar.

China's industrial production growth improved more than expected in April, while retail sales and fixed asset investment grew at slower rates.

China's bank lending increased marginally in April, data from the People's Bank of China showed.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Copper Struggled To Recover After A Two Day Slide As The U.S. Dollar Hovered

Copper trading range for the day is 457.3-464.7.

Copper struggled to recover after a two-day slide as the U.S. dollar hovered near a fivemonth high following a surge in Treasury yields.

China's new home prices rose 0.5 percent in April from a month earlier, compared with an increase of 0.4 percent in March.

Industrial output in the United States rose in April, helped by an acceleration in manufacturing.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Silver On MCX Settled Down -0.98% At 39952 As A Surge In Both The Dollar

Silver on MCX settled down -0.98% at 39952 as a surge in both the dollar and bond yields on mostly upbeat economic data reduced investor appetite to hold the precious metal. 

The dollar hovered near a five-month high against a group of major currencies, as a surge in the benchmark 10-year Treasury yield above 3 percent reignited a rally that had lost steam last week. 

U.S. retail sales increased marginally in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Gold Is Sensitive To Moves Higher In Both Bond Yields And The U.S. Dollar

Gold on MCX settled down -0.57% at 30997 tracking weakness from Comex Gold price while fell sharply earlier in the week yesterday also settled at $1,291.50/oz tumbling to a 5-month low amid speculation the Federal Reserve will raise interest rates in June. 

A stronger dollar also dented gold prices. Yesterday Gold prices recovered losses after falling to a session low of $1,285.70 as the dollar retreated from a five-month high, while the 10-year treasury yield met resistance after hitting a nearly seven-year high.

Gold is sensitive to moves higher in both bond yields and the U.S. dollar – A stronger dollar makes gold more expensive for holders of foreign currency while a rise in U.S. rates, lift the opportunity cost of holding gold as it pays no interest.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 15 May 2018

Natural Gas Rose As Forecasts For Continued Warm Weather Is Expected To Boost

Natural gas trading range for the day is 187-195.2.

Natural gas rose as forecasts for continued warm weather is expected to boost the amount of gas power generators will burn to meet rising air conditioning use.

The two biggest factors affecting the gas market in recent weeks were record-high production and the vast storage deficit.

Meteorologists forecast temperatures will remain higher than normal over the next two weeks.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Crude Oil Recovered From Lows As Traders Cheered A Mostly Bullish Report

Crude Oil trading range for the day is 4697-4863.

Crude oil recovered from lows as traders cheered a mostly bullish report from OPEC showing excess stockpiles of global crude has been nearly eliminated.

A global oil glut has been virtually eliminated, according to OPEC, thanks in part to an OPEC-led supply cut deal in place since January 2017 and fast-rising global demand.

Oil inventories in developed nations in March fell to stand 9 million barrels above the fiveyear average, OPEC said in a report.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Silver Prices Ended With Weekly Gains As Dollar Weakness Continued

Silver prices ended with weekly gains as dollar weakness continued following a recent bout of softer inflation data. St. Louis Federal Reserve Bank President James Bullard said aggressive rate increases would risk nipping off U.S. business investment. 

Bond market investors remain confident the Fed will hike rates in June, but less sure of prospects for rate hikes in September and December. 

Weaker inflation data seen earlier in the week continued to drive direction, prompting traders to scale back their expectations for a faster pace of Federal Reserve rate hikes, pressuring both the 10-yield treasury and the dollar, underpinning bullion prices.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Gold On MCX Settled Down -0.04% At 31504 Tracking Weakness From Comex Gold

Gold on MCX settled down -0.04% at 31504 tracking weakness from Comex Gold which edged lower but stayed in a stubborn trading range on a quiet day fell $2.50, unable to sustain any direction this year. 

While the main geopolitical drivers for gold this week are likely going to be the US-China trade talks which are set to start on Tuesday and NAFTA.

House Speaker Paul Ryan has set a NAFTA deadline for May 17. Additionally, the recent US withdrawal from the Iran nuclear deal is another geopolitical risk as the US is now at odds with Europe, China, and Russia. The recent decision can also increase tensions in the Middle-East.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 14 May 2018

Natural Gas Prices Ended With Small Gains As Support Seen Smaller

Natural gas trading range for the day is 187.1-192.1.

Natural gas prices ended with small gains as support seen smaller-than-expected storage build despite forecasts for continued low demand over the next two weeks.

The two biggest factors affecting the gas market in recent weeks were record-high production and the vast storage deficit.

Production in the Lower 48 states has averaged a record high 78.9 billion cubic feet per day (bcfd) over the past 30 days.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Crude Oil Prices Gained On Weekly Basis As Sentiment Remained Positive

Crude oil trading range for the day is 4736-4852.

Crude oil prices gained on weekly basis as sentiment remained positive despite signs of an increase in U.S. production as rig counts jumped for the sixth week in a row.

The number of oil rigs operating in the US rose by 10 to 844, its highest level since March 20, 2015, according to data.

The uptick in rig counts raised expectations for a further ramp in U.S. output following data showed domestic output climbed by 84,000 barrels per day.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory