Commodities - Angel One - Page 150

Gold: Gold prices experienced a retreat, reaching a two-week low, as the safe-haven rally prompted by Middle East tensions lost momentum. The focus shifted to interest rate cues from Federal Reserve officials, the strengthening dollar further contributed to the retreat across metals. Download Report

NSE USD INR (Technical): NSE USDINR Nov, as seen in the weekly chart above, has opened the week gap down to 83.2150 levels. At midday of the week, the price corrected and reached a weekly low of 83.0775. Later on, the price could not sustain itself at lower levels and rallied, reaching a weekly high of …

USDINR: In the last week, the Indian Rupee traded in a range bound manner as festive activities kept the trading volumes light. Apart from this, the Fitch Ratings on November 6 revised India’s medium-term growth estimate upward by 70 basis points to 6.2 percent from 5.5 percent. Download Report

Gold: The extended weakness in gold from the past few months continued to extend further, as the yellow metal concluded the August month marginally lower. Gold’s monthly performance was a story of initial promise followed by challenges. It kicked off the month with a rise in prices, benefiting from a weaker U.S. dollar and Treasury yields …

USDINR: Last week, there were all the reasons for Rupee to act volatile and weaken. US treasury yields were on the rise which pulled the US Dollar Index in the northern direction affecting all the currencies in turn. Download Report

Gold: Gold prices witnessed the strongest week in months, bolstered by diminishing U.S. bond yields that increased the allure of dollar-backed gold, reflecting market sentiments that the Fed’s rate hike cycle might be concluding. Download Report

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

For decades, the Black Sea has been a part of the geopolitical and economic discourses. It has been one of the pivotal locales for international commodity trading in goods such as steel, wheat, sunflower oil, crude oil, to name a few. This region is rich in oil reserves and connects major Eurasian nations to the …

A trader continuously seeks new variables to estimate the movements of stock prices efficiently. While earnings, momentum, charts, and volumes are common indicators, another way to observe equity is via the association with commodity markets. From a financial perspective, commodities are ores and minerals that have been extracted from the terrain. A few of the …