Wednesday, 28 June 2017

Aluminium Gains Supported By Continued Concern

Aluminium trading range for the day is 118.8-122.6.

Aluminium gains supported by continued concern about a crackdown by the Chinese government on illegal and polluting smelters.

Japanese aluminium buyers will pay up to 8 percent less in premiums in the July to September quarter after a fall in spot premiums.

Aluminum ingot stocks in China’s five major markets fell at a faster pace last week, despite the ongoing off-season.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Natural Gas Rose Extending Gains From The Prior Session

Natural gas trading range for the day is 195.3-200.9.

Natural gas rose extending gains from the prior session amid bullish weather forecasts that should provide a boost in demand for the fuel.

Prices rallied as updated weather forecasting models pointed to increased summer demand in the weeks ahead.

Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on summer heating demand.

 For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Crude Oil Rose As Investors Looked Ahead To Weekly Data

Crude oil trading range for the day is 2778-2918.

Crude oil rose as investors looked ahead to weekly data from the U.S. on stockpiles of crude and refined products.

OPEC will not rush into making a further cut in oil output or end some countries' exemptions to output limits, OPEC delegates said.

Iran said OPEC was considering further cuts but should wait until the effect of the current reduced level of production became clear.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Silver Gained Supported By An Easing Dollar

Silver trading range for the day is 38008-38690.

Silver gained supported by an easing dollar, with investors looking to a speech by Fed’s Yellen for clues on the outlook for U.S. monetary policy.

The International Monetary Fund cut its growth forecasts for the U.S. economy to 2.1 percent for both 2017 and 2018.

The BOE tightened its controls on bank credit to more normal levels o, deciding the risk had passed of a big hit to the economy and to lending after last year's Brexit vote.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Gold Gained As Bargain Hunting Set In And The Dollar Slid Sharply

Gold trading range for the day is 28383-28733.

Gold gained as bargain hunting set in and the dollar slid sharply after the U.S. Senate postponed a planned healthcare vote.

Fed’s Yellen said she was sticking to the plan to raise interest rates gradually and that inflation has continued to run below the Fed's objectives.

The dollar slid after the ECB's Draghi opened the door to steps that might begin to reduce the central bank's stimulus.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 27 June 2017

Copper Dropped As The Dollar Firmed, But The Metal Held Near

Copper trading range for the day is 370.3-376.5.

Copper dropped as the dollar firmed, but the metal held near the highs as expectations for upbeat Chinese demand and concern over mine supply lent support.

Copper inventories in LME warehouses now down nearly 100,000 tonnes, or 28 percent, from their early May peak.

Hedge funds and money managers cut their net long position in copper futures and options by 13,552 contracts to 49,285 in the week to June 20, U.S. CFTC data showed.

 For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Natural Gas Gained As Updated Weather Forecasting Models

Natural gas trading range for the day is 190.5-196.9.

Natural gas gained as updated weather forecasting models pointed to increased summer demand in the weeks ahead.

Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on summer heating demand.

Total natural gas in storage currently stands at 2.770 trillion cubic feet, according to EIA, 10.4% lower than levels at this time a year ago.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory