• posted by IMV |
  • 28/2/2018

Commodity Alert: Oil struggles to shake off concern over demand after China dataOil prices struggled to stay in positive territory after data showed industrial activity in some of the world’s major crude-consuming nations has softened.oil prices declined on concerns of a slowdown in the global economy after three out of the world’s top consumers of crude - China, India and Japan - reported a slowdown in monthly factory activity.While China’s...

  • posted by IMV |
  • 28/2/2018

Commodity Alert : Oil prices fall on weak Asian industry data, rise in U.S. crude stocksOil prices fell as weak Chinese and Japanese industrial data triggered concerns of an economic slowdown that could lower oil demand, and as an industry data report showed an increase in U.S. crude stockpiles amid soaring output. Traders said oil prices declined on concerns of a slowdown in the global economy after China reported on Wednesday that factory...

  • posted by IMV |
  • 27/2/2018

Commodity Alert : U.S. to overtake Russia as top oil producer by 2019 at latest: IEAThe United States will overtake Russia as the world's biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said on Tuesday, as the country's shale oil boom continues to upend global markets. IEA Executive Director Fatih Birol said at an event in Tokyo the United States would overtake Russia as the biggest crude oil producer "definitely...

  • posted by IMV |
  • 26/2/2018

Commodity Alert: Oil hits nearly three-week high as Saudi Arabia to keep output well below capOil prices extended gains to hit their highest level in nearly three weeks today, supported by comments from Saudi Arabia that it would continue to curb exports in line with the OPEC-led effort to cut global supplies. Prices were supported after Saudi Arabian oil minister Khalid al-Falih on Saturday said the country's crude production in January-March...

  • posted by IMV |
  • 23/2/2018

Copper futures exhibited bearish trend on MCX, as speculators reduced exposure, taking negative cues from alloy-makers in the physical market. Moreover, the red metal in London Metal Exchange (LME) declined as the dollar strengthened.Crude oil futures traded marginally lower on MCX on offloading positions by speculators as high US crude exports outweighed lower crude inventories in the world's biggest consumer of the fuel.Technical...

  • posted by IMV |
  • 23/2/2018

Commodity Alerts: Oil edges up on drop in U.S. inventories, but surge in exports caps gainsOil prices edged up on, supported by lower U.S. crude inventories, but gains were capped by a surge in U.S. exports that dragged net imports in the world's biggest fuel consumer to a record low. U.S. crude oil stockpiles fell by 1.6 million barrels in the week to 420.48 million barrels, as reported by the Energy Information Administration (EIA).The fall in...

  • posted by IMV |
  • 22/2/2018

Gold futures settled almost flat on Wednesday, after the release of minutes from the US Federal Reserve's January policy meeting. Inflation fears boost the yellow metal's appeal as a store of value against inflation.Crude oil futures traded marginally lower on MCX, as speculators trimmed positions due to weak trend overseas, as the minutes of the Federal Reserve's latest policy meeting sent the US dollar broadly higher. A stronger greenback often...

  • posted by IMV |
  • 20/2/2018

Gold futures traded lower on Tuesday in a cautious trade, as speculators awaited for more cues on US interest rates ahead of Fed meeting and on a stronger dollar against a bucket of currencies.Crude oil futures declined marginally on MCX as speculators reduced positions due to profit booking at current levels by speculators. However, some losses were capped by a firm trend overseas due to reduced flows from Canada's Keystone pipeline, which has...

  • posted by IMV |
  • 19/2/2018

Gold futures ended slightly lower on Thursday, retreating from the highest finish in nearly three weeks, taking cues from a rally in stocks. Moreover, expectations that the US Federal Reserve will raise interest rates to fight inflation make gold less attractive since it is not interest-yielding.Crude oil prices rallied for second day Thursday, rising back near January's 4-year highs, on the back of weakness in dollar. Prices are...

  • posted by IMV |
  • 09/2/2018

Currency Report 9th Feb 2018Indian rupee wiped off its early losses and ended a tad strong against dollar on Thursday, owing to sustained selling of the US currency by exporters and banks. Local currency got support with report that a sharp fall in oil prices eased investors’ concerns surrounding inflation and rising twin deficits. Besides, strong gains in the domestic equity markets also supported the rupee. However, dollar’s strength against...