Category Archives: Blog

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Forex- Weak Euro Bolsters U.S. Dollar

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Investing.com – The dollar rose against a basket of currencies on Wed because the monetary unit fell from a 3 year high.

The U.S. dollar index, that measures the greenback’s strength against a trade-weighted basket of six major currencies, up 0.19% to 90.40 as of 11:35 AM ET (16:35 GMT) when plumbing a 3 year low of eighty nine.98 nightlong. it had been bolstered by a lower monetary unit.

EUR/USD was down zero.21% to 1.2235 when rising as high as one.2323 nightlong, that was the strongest level since Gregorian calendar month 2014.

The monetary unit rose amid expectations that the eu financial institution can begin to unwind its huge financial input program this year.

The monetary unit declined when policymaker Ewald Nowotny that the euro’s recent strength against the U.S. dollar is “not useful,” reflective unease among officers over the currency’s robust gains.

The dollar has been pressured lower by the read that the world economic recovery can outdo U.S. growth and prompt alternative major central banks, together with the ECB to start unreeling loose financial policy at a quicker pace.

Against the yen the dollar was higher, with USD/JPY rising zero.32% to 110.81, actuation far from the four-month low of a hundred and ten.18 reached nightlong.

Elsewhere, sterling gained zero.25%, with GBP/USD at one.3828. The Australian and New Sjaelland bucks were conjointly up against the buck, with AUD/USD up zero.23% to 0.7978 and NZD/USD increasing zero.26% to 0.7287.


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MCX Commodity Support & Resistance

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MCX Commodity Support & Resistance

MCX Trading as per Support and Resistance Levels is also quite helpful for daily commerce in mcx commodities.

Resistance is termed because the level wherever the artefact usually gets some opposite force before it will go more up.
trading Support is that the level wherever a stock get shopping for interest before it will fall more.
Under the traditional MCX Market conditions or within the absence of some extraordinarily panic news the support and therefore the resistance levels will act nearly as good levels for initiating the buying and selling.
In general, it’s suggested to shop for the stock at support levels and sell at resistance levels.
In Intraday, there square measure few support and resistance levels called  1 Support , 2 Support , 1 Resistance , 2 Resistance , etc.

Intraday MCX Crude Oil & MCX Natural Gas  Support and Pivot Level.

 

Date : 18-01-2018

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
MCX Gold 29618 29690 29755 29827 29892
MCX Silver 38824 39019 39251 39446 39678
MCX Crude 4021 4052 4074 4105 4127
MCX Natural Gas 194.93 201.57 205.73 212.37 216.53
MCX Copper 446.38 448.37 451.78 453.77 457.18
MCX Nickel 781.53 785.77 793.83 798.07 806.13
MCX Lead 160.85 161.95 162.95 164.05 165.05
MCX Zinc 215.52 216.38 217.97 218.83 220.42
MCX Aluminium 138.75 139.45 140 140.7 141.25

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Oil prices slip as analysts warn of correction after 13 percent gain in the past month

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By Henning Gloystein

SINGAPORE (Reuters) – Oil costs gave away earlier gains on Wednesday as analysts warned of a downward correction once costs have gained quite thirteen % over the past month.

Despite the decline, overall oil markets remained well supported on the rear of adjustment offer and robust world demand. The tighter fundamentals raised each crude futures benchmarks regarding thirteen % higher than levels in early December, helped by production curbs by world organization and Russia, in addition as by healthy demand growth.

Brent crude futures (LCOc1) were at $69.07 a barrel at 0441 UT, down from a high of $69.37 earlier within the day and eighteen cents below their last shut.

Brent on weekday rose to $70.37 a barrel, its highest since December 2014, that was the start of a three-year oil worth slump.

U.S. West Lone-Star State Intermediate (WTI) crude futures (CLc1) were at $63.68 a barrel, down five cents from their last settlement. WTI rose to $64.89 on Tues, additionally the best since December 2014.

Norbert Ruecker, head of artifact analysis at Swiss bank Julius Baer, same a worth “correction ought to occur… (as) hedge fund expectations for additional inflation have reached excessive levels.”

He same this was particularly the case as political risk factors that have helped boost brent goose, as well as tensions in Qatar, and therefore the Kurdish region of Asian nation and in Islamic Republic of Iran have to this point not caused vital offer disruptions.

Money managers have raised the bullish positions in WTI and Brent crude futures and options to a record, according to data from the U.S. Commodity Futures Trading Commission and the Intercontinental Exchange.

Wang Tao, Thomson Reuters commodity analyst, said Brent may fall to around $68.50 a barrel due to technical chart indicators.

Still, traders and analysts said overall oil markets were well supported, and steep price falls unlikely.

The Organization of the Petroleum Exporting Countries (OPEC) and Russia have continued to withhold production since January last year and the cuts are set to last through 2018.

This restraint has coincided with healthy oil demand.

“Oil remains underpinned by the solid economy with strong oil demand tightening global oil inventories. The past years’ surplus supplies are slowly disappearing,” Ruecker said.

One factor that in 2017 prevented crude prices from rising further was a surge in U.S. production.

Despite a recent drop due to extreme cold, U.S. crude output is expected to soon break through 10 million barrels per day (bpd), challenging top producers Russia and Saudi Arabia.


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MCX Commodity Support & Resistance

Tags : 

MCX Commodity Support & Resistance

MCX Trading as per Support and Resistance Levels is also quite helpful for daily commerce in mcx commodities.

Resistance is termed because the level wherever the artefact usually gets some opposite force before it will go more up.
trading Support is that the level wherever a stock get shopping for interest before it will fall more.
Under the traditional MCX Market conditions or within the absence of some extraordinarily panic news the support and therefore the resistance levels will act nearly as good levels for initiating the buying and selling.
In general, it’s suggested to shop for the stock at support levels and sell at resistance levels.
In Intraday, there square measure few support and resistance levels called  1 Support , 2 Support , 1 Resistance , 2 Resistance , etc.

Intraday MCX Crude Oil & MCX Natural Gas  Support and Pivot Level.

 

Date : 08-01-2018

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
MCX Gold 29096 29159 29216 29279 29336
MCX Silver 38893 39077 39213 39397 39533
MCX Crude 3831 3857 3893 3919 3955
MCX Natural Gas 169.3 173.3 178.8 182.8 188.3
MCX Copper 447.52 449.98 454.62 457.08 461.72
MCX Nickel 781.77 787.93 794.27 800.43 806.77
MCX Lead 158.95 160.4 162.25 163.7 165.55
MCX Zinc 212.03 212.92 214.13 215.02 216.23
MCX Aluminium 554.47 973.23 557.77 976.53 561.07

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Iran unrest helps push crude oil to new multiyear highs

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U.S. fossil oil rises to a replacement two-and-a-half-year high, +0.8% to $60.89/bbl, supported by anti-government protests in Iran; goose crude +0.7% to $67.08/bbl.
More than twenty individuals are killed in Iran since the turmoil stony-broke out last week, though crude and atmospheric phenomenon exports stay unaffected.
“With politics risk driving the market, the appetency of mercantilism earlier than a possible spike is restricted,” says Ole Hansen, head of goods strategy at Saxo Bank.
ETFs: USO, XLE, OIL, UWT, UCO, VDE, XOP, DWT, ERX, OIH, SCO, BNO, DBO, ERY, DIG, BGR, GUSH, DTO, FENY, USL, IYE, DUG, DRIP, IEO, FIF, DNO, NDP, PXE, OLO, RYE, PXJ, SZO, CRAK, FXN, OLEM, WTIU, DDG, OILK, NANR, OILX, WTID, USOI, FTXN, JHME, ERYY, ERGF
Now read: Energy Fourth Quarter Review and therefore the Outlook For Q1 2018


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MCX Commodity Support & Resistance

Tags : 

MCX Commodity Support & Resistance

MCX Trading as per Support and Resistance Levels is also quite helpful for daily commerce in mcx commodities.

Resistance is termed because the level wherever the artefact usually gets some opposite force before it will go more up.
trading Support is that the level wherever a stock get shopping for interest before it will fall more.
Under the traditional MCX Market conditions or within the absence of some extraordinarily panic news the support and therefore the resistance levels will act nearly as good levels for initiating the buying and selling.
In general, it’s suggested to shop for the stock at support levels and sell at resistance levels.
In Intraday, there square measure few support and resistance levels called  1 Support , 2 Support , 1 Resistance , 2 Resistance , etc.

Intraday MCX Crude Oil & MCX Natural Gas  Support and Pivot Level.

Date : 03-01-2018

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
MCX Gold 28963 29059 29146 29242 29329
MCX Silver 38827 39004 39142 39319 39457
MCX Crude 3786 3803 3834 3851 3882
MCX Natural Gas 182.1 187.9 192.2 198 202.3
MCX Copper 455.18 457.72 461.38 463.92 467.58
MCX Nickel 787.87 795.93 805.57 813.63 823.27
MCX Lead 157.9 160.35 161.75 164.2 165.6
MCX Zinc 210.1 211.75 212.75 214.4 215.4
MCX Aluminium 141.87 142.63 144.02 144.78 146.17

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MCX Commodity Support & Resistance

Tags : 

MCX Commodity Support & Resistance

MCX Trading as per Support and Resistance Levels is also quite helpful for daily commerce in mcx commodities.

Resistance is termed because the level wherever the artefact usually gets some opposite force before it will go more up.
trading Support is that the level wherever a stock get shopping for interest before it will fall more.
Under the traditional MCX Market conditions or within the absence of some extraordinarily panic news the support and therefore the resistance levels will act nearly as good levels for initiating the buying and selling.
In general, it’s suggested to shop for the stock at support levels and sell at resistance levels.
In Intraday, there square measure few support and resistance levels called  1 Support , 2 Support , 1 Resistance , 2 Resistance , etc.

Intraday MCX Crude Oil & MCX Natural Gas  Support and Pivot Level.

Date : 19-12-2017

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
MCX Gold 28217 28336 28409 28528 28601
MCX Silver 36451 36992 37277 37818 38103
MCX Crude 3604 3627 3664 3687 3724
MCX Natural Gas 166.4 172.1 175.3 181 184.2
MCX Copper 442.42 445.28 446.87 449.73 451.32
MCX Nickel 730.8 742.9 750.7 762.8 770.6
MCX Lead 160.82 162.68 163.87 165.73 166.92
MCX Zinc 202.98 203.92 205.23 206.17 207.48
MCX Aluminium 131.45 131.95 132.25 132.75 133.05

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Gold Prices Gain In Asia Ahead Of Fed Announcement On Rates

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Investing.com – Gold gained slightly in Asia on weekday with the Fed wide expected to announce 1 / 4 purpose hike in rates, however the language on 2018 are seen as key for the dear metal.

Gold futures for Gregorian calendar month delivery on the Comex division of the the big apple Mercantile Exchange rose zero.28% to $1,245.20 a troy unit.

Overnight, gold costs remained at five-month lows amid dollar strength that followed upbeat economic information inform to AN up inflationary surroundings, whereas a wide expected Fed rate hike continuing to weigh down the dear metal.

Upbeat wholesale inflation information inform to AN up inflationary surroundings that might encourage the Fed to adopt a tighter rate-hike cycle in 2018 boosted the dollar, pressuring gold costs lower.

The Labor Department same on weekday its producer index number for final demand hyperbolic zero.4% last month. within the twelve months through August, the PPI rose three.1% once rising two.8% in Oct. That beat economists’ forecast of a two.9% for Gregorian calendar month.

Following the solid PPI information on Tues, Bank of metropolis same that though markets area unit evaluation concerning 2 hikes for 2018, a powerful shopper inflation report due weekday, might alter the Fed’s future financial policy plans.

As well as AN rate call, the Federal Open Market Committee {is expected|is predicted|is ANticipated} on weekday to reveal an update to the outline of economic projections, that might supply clues on financial policy.

Rising expectations of tighter financial policy has forced traders to slash their bets on gold as CFTC information showed massive speculative internet long positions in gold fell fifty one,100 to 173,300, a 17-week low.

Gold is sensitive to moves higher in each bond yields and therefore the U.S. dollar – A stronger dollar makes gold dearer for holders of foreign currency whereas an increase in U.S. rates, carry the chance price of holding non-yielding assets like bullion.


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Crude Oil Narrowly Mixed In Asia With Eyes On US Rig Count

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Crude costs were narrowly mixed on Fri with weekly U.S. rig count knowledge ahead expected to line the tone.

 

On the the big apple Mercantile Exchange crude futures for Jan delivery rose zero.18% to $57.14 a barrel, whereas on London\’s worldwide Exchange, goose slipped zero.11% to $63.34 a barrel.

Overnight, fossil fuel costs settled higher on Thursday, shrugging off knowledge prediction a quicker than expected rise in U.S. oil production next year, whereas associate degree current pipeline closedown supported goose crude costs.

The International Energy Agency (IEA) in its monthly oil market report, printed on Thursday, revised upward its projection for U.S. drilling, warning that total offer growth might exceed demand growth within the months ahead.

The IEA raised U.S. fossil fuel growth to 390,000 barrels per day (bpd) this year and 870,000 bpd for 2018. Non-OPEC output, LED by the U.S., can rise by 630,000 bpd in 2017, followed by a rise of one.6 million bpd throughout 2018.

That supports the same read from oil cartel, United Nations agency aforementioned in its monthly report, printed on weekday, that non-OPEC production would rise quicker than expected by one hundred twenty,000 barrels per day (bpd) to 990,000 bpd in 2018.

Rising non-OPEC output has weighed on the efforts of oil cartel because the trust tries to free the world market of excess oil provides. oil cartel compliance with the deal to curb output reached its highest this year, rising to one hundred and fifteenth.

Sentiment on goose fossil fuel costs, meanwhile, remained positive amid the continuing Forties pipeline closedown earlier on. the 40s pipeline carries four-hundredth of sea oil and gas, and repairs might take weeks.

Andrew Gardner, chief government of the Ineos Forties Pipeline System aforementioned “We’re estimating just between 2 and 3 weeks,” once asked however long the system was seemingly to be down.


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