Commodities - Angel One

USDINR: Last week, the Indian Rupee appreciated by almost 0.33 percent after the dollar index saw its worst session in almost a month on upbeat risk and wagers that the U.S. Federal Reserve will not raise rates at the June meeting.   Download Report

NSE USD INR (Technical): NSE USDINR Jun as seen in the weekly chart above has opened the week gap Up at 82.90 levels. Same day of the week price rallied and made weekly high of 82.9775 levels. Later on, price corrected sharply and made weekly low of 82.6650 levels. Download Report

USDINR: Last week, the Indian Rupee mostly had an appreciating trend on account of Adani related inflows into the system along with persistent RBI intervention into the markets. However, there were bouts of weakness in the local unit which later was curbed. Weakness was mostly due to worries over the U.S. debt ceiling that boosted the …

Gold: In the week gone by, the yellow metal continued the decline, as it slipped over 1 percent.  Prices fell as a result of hawkish comments from two US Federal Reserve officials, as investors sought more clarity on US debt ceiling negotiations. Download Report

NSE USD INR (Technical): NSE USDINR May as seen in the weekly chart above has opened the week gap down at 82.23 levels. Same day of the week price corrected sharply and made a weekly low of 82.20 levels. Later on, price rallied sharply and made weekly high of 82.82 levels. This week prices have closed …

USDINR: Last week, the Indian Rupee weakened by almost 0.61 percent on account of higher DXY and rising U.S. yields following hawkish comments from Federal Reserve officials. Asian currencies declined, with the Chinese yuan once again leading the way. The offshore yuan dropped to 7.0750 to the dollar, a level last seen in December. Higher U.S. …

Gold: Gold prices fell 2% in the recent week, extending the loss from the previous week. The yellow metal’s ongoing weakening has sent prices below the $2000 level, with prices trading near 6-week lows. This week, the overhang of headwinds got the better of gold. Optimism in the debt ceiling talks bolstered the dollar, sending the …

NSE USD INR (Technical): NSE USDINR May as seen in the weekly chart above has opened the week gap up at 82.0975 levels. At mid of the week price rallied sharply and made weekly high of 82.1375 levels. Later on, price could not able to sustain on higher levels, it has rallied corrected and made …

USDINR: In the holiday shortened last week, the Indian Rupee traded in a range bound manner to positive bias owing to controlled volatility due to low trading volumes. Also, the Asian markets traded in green which further helped the local unit. There was a brief fall in DXY and US stocks in the wake of …

Gold: Just as gold had ended the previous week on a flat note, bullion prices soared almost 2 percent after the end of the current week. Fresh concerns about banking sector contagion in the US before the Federal Reserve’s much-anticipated interest rate hike fuelled the rise in the price of the yellow metal. Download Report