Commodities - Angel One

USDINR: The entire month of Sep’23 saw a positive trend in the Indian Rupee on account of suspected inflows in the system. In a recent discussion, it was mentioned that the Indian government bonds will become part of JPMorgan Chase & Co.’s emerging markets bond index. The inclusion will happen in a staggered manner over 10 …

Gold: Gold prices have been influenced by various factors in recent weeks. Concerns about the Federal Reserve’s approach to interest rates, alongside rising Treasury yields and a stronger U.S. dollar, have diminished gold++’s appeal as an investment. Despite some positive economic indicators and lower-than-expected jobless claims, gold prices have slipped below $1900. Download Report

USDINR: In the holiday shortened last week, the Indian Rupee weakened by 0.25 percent following the weak trend in Asian markets. Rising US Treasury yields, faltering global growth outlook, supply-constrained rising oil prices, and a short-term government funding stopgap for the US are all sending investors into the safe-haven dollar. Download Report

Gold: Gold prices have continued their decline for the ninth consecutive session on Friday, as concerns over the Federal Reserve’s commitment to higher interest rates is driving the dollar to higher levels. Since reaching above $2,000 per ounce in May, gold has retreated by nearly 12%, largely influenced by the Fed’s hawkish stance, which has pushed …

NSE USD INR (Technical): NSE MCX USDINR Oct, as seen in the weekly chart above, has opened the week gap up to 83.2975 levels. The same day of the week, the price reached a weekly high of 83.48. Later on, the price corrected sharply and reached a weekly low of 82.94. This week, prices have closed …

USDINR: The overall trend of the Indian Rupee last week was in a range bound manner with a slight positive trend on account of suspected inflows into the system. Indian government bonds will become part of the JPMorgan Chase & Co’s emerging markets bond index. Download Report

Gold: Gold prices continued to face downward pressure as the U.S. Federal Reserve signaled a more hawkish stance in response to economic data suggesting a robust recovery. The prospect of future rate hikes and a commitment to tighter monetary policy through 2024 diminished gold’s appeal as an inflation hedge. Download Report

NSE USD INR (Technical): NSE MCX USDINR Sep as seen in the weekly chart above has opened the week gap down at 82.7750 levels. Same day of the week price made a weekly low of 82.7450 levels. Later on, price rallied sharply and made weekly high of 83.28 levels. Download Report

USDINR: Last week, the Indian Rupee traded in a range-bound manner with a slight negative bias owing to higher DXY on weak risk and rising U.S. Treasury yields. U.S. Treasury yields rose with the 10-year yield now about ten basis points shy of the recent high. Download Report

Gold: Post a series of gains in the yellow metal, the previous week saw the metal giving up over 1 percent gains. Gold prices slipped to a one-week low as investors turned to the U.S. dollar amidst weak data from China. Download Report