• 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...

  • posted by IMV |
  • 01/2/2018

Morning News Headlines Economic Times● Big surge in provisions weighs on ICICI Bank in Q3● FTIL case: Sebi revokes interim order against individuals● ONGC buys govt's entire 51.11% stake in HPCL● Mahindra & Mahindra  to invest Rs 600 crore in new EV● Quess to acquire Monster India, HCL Info' care bizMint● SBI gets board approval to divest 4.40% CCIL stake● Havells India promoters sell 2% stake for Rs 647 cr● L&T, 2 senior...

  • posted by IMV |
  • 12/1/2018

Update on Bullion, Base Metal and Energy Levels 12th January 2018Gold futures ended higher on Wednesday, hitting its highest in nearly four months as dollar index fell sharply after a report that Chinese officials recommended slowing or halting purchases of US Treasury securities.Crude oil futures traded lower on MCX after hitting their highest levels overseas. Although traders have been warning of the risks of a downward price correction since...

  • posted by IMV |
  • 12/1/2018

 Crude oil dips in Asia despite strong China data on oil importsCrude oil prices dipped in Asia despite solid China trade data on imports for the month of December and all of 2017 with US rig count data ahead. China's crude oil imports in December come in at 34 million metric tons, while 2017 crude imports rose 10.1% to 420 million metric tons, highest on record. China's gas imports 7.87 million metric tonnes in December, while natural gas...

  • posted by IMV |
  • 11/1/2018

Gold futures ended higher on Wednesday, hitting its highest in nearly four months as dollar index fell sharply after a report that Chinese officials recommended slowing or halting purchases of US Treasury securities.Crude oil futures continued their upmove on Wednesday, extending 4-year highs amid further signs the global oil market is tightening. Traders cheered an unexpected drop in US production while data showing crude stockpiles fell for the...

  • posted by IMV |
  • 10/1/2018

Update on Bullion, Base Metal and Energy Levels 10th January 2018Gold futures ended lower on Tuesday, as traders adopted cautious approach on expectations for more US interest rate hikes this year. The yellow metal also declined as US dollar strengthened against a basket of major currencies on the back of concerns about political uncertainty in Europe, while a buoyant stock market also drained enthusiasm for bullion.Crude oil futures traded...