Wednesday, 17 January 2018

Natural Gas Edged Down Pulling Back From A Two Month High As Market

Naturalgas trading range for the day is 192.9-204.5.

Natural Gas edged down pulling back from a two-month high as market players monitored winter weather forecasts to gauge demand for the fuel.

Below freezing temperatures will continue to linger across most parts of the Northeast through Jan. 20, with light snow expected throughout the region.

Market participants looked ahead to this week's storage data due on Thursday, which is expected to show a draw in a range between 190 and 205bcf.

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

Crude Oil Prices Eased On Profit Taking But Remained Well Supported

Crude oil trading range for the day is 4023-4159.

Crude oil prices eased on profit taking but remained well supported amid expectations OPEC-led output curbs would further tighten global supplies.

Rising US oil production, however, remains a concern for investors as data showed the number of U.S. oil rigs drilling for oil, an early indicator of future production.

U.S. crude stocks fell by 11.2 million barrels in the week to Jan. 5 to 416.6 million barrels, industry group the American Petroleum Institute said.

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

Silver Slipped Tracking Weakness In Base Metals Prices

Silver trading range for the day is 38109-40349.

Silver slipped tracking weakness in base metals prices and crude oil prices as the U.S. dollar clawed back some losses.

The ECB signalled a growing appetite for revising its policy message in "early" 2018, and specifically a promise to continue its 2.55 trillion euro money-printing programme

US data showed the Empire State Manufacturing Index dipped to 17.7 in January from 18, missing expectations of 18.5.   
For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory 

Gold Prices Remained Supported As The U.S. Dollar Slumped To Three Year Lows

Gold trading range for the day is 29694-29914.

Gold prices remained supported as the U.S. dollar slumped to three-year lows against a basket of currencies.

The greenback has weakened as markets have grown more confident that a global recovery would outpace U.S. growth.

The ECB is unlikely to ditch a pledge to keep buying bonds at next week's meeting as rate setters need more time to assess the outlook for the economy and the euro.

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

Tuesday, 16 January 2018

Silver Prices Gained As The U.S. Dollar Index Slumped

Silver trading range for the day is 39183-39853.

Silver prices gained as the U.S. dollar index slumped to its lowest in three years.

Prices was also boosted after data showing that U.S. consumer prices rose in December, ending the year on a slightly stronger note.

The recent drop in U.S. unemployment could spark a surge in inflation that, given the Fed’s current policy framework, could trigger interest-rate hikes.

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

Gold Prices Gained With A Holiday Ahead In The US Kept Trade Light

Gold trading range for the day is 29531-29889.

Gold prices gained with a holiday ahead in the US kept trade light and the market awaiting more signals on inflation this year

U.S. producer prices fell for the first time in nearly 1-1/2 years in December amid declining costs for services.

Underlying U.S. consumer prices recorded their largest increase in 11 months in December, bolstering expectations that inflation will accelerate this year.

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

Monday, 15 January 2018

Zinc Prices Edged Up To Supported By Potential Shortages

Zinc trading range for the day is 215-219.2.
Zinc prices edged up to supported by potential shortages and low inventories, but some investors voiced concern about the lofty levels.
LME inventories have tumbled 58 percent over the past 12 months to 180,150 tonnes after closures and suspensions of big mines in recent years.
China's zinc and zinc alloy production dropped by 1.5 percent in 2017 to 4.73 million tonnes due to low processing fees.
For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory