GIVE MISS CALL ON :- +91 99774 99927

CAPITALSTARS – MCX COMMODITY EVENING MARKET NEWS UPDATES – 14 MAY 2018

CS MCX Commodity Evening mkt updates

Gold Prices Little Changed As Dollar Slips Gold prices were little changed on Monday as the dollar opened the week slipping against the other major currencies amid sagging U.S. 10-year Treasury yields. Meanwhile, the U.S. Dollar Index that tracks the greenback against a basket of six major currencies last stood at 92.28, down 0.17%. The greenback reached this year’s new high last Wednesday at 93.22, then lost its rally to drop to the 92 level on Monday. Its uptrend since mid-April is still intact, however. Last Friday, the U.S. released softer than expected consumer inflation data that curbed expectations for four rate hikes by the Federal Reserve this year. The news pressured United States 10-Year treasuries, with the yields dropping to 2.96%, while the dollar also lost support. Markets also set eyes on the U.S. retail sales data on Tuesday and Japan’s GDP on Wednesday to look for more directional drivers.

Oil Prices Back Off Recent Highs In Cautious Start To Week Oil prices edged lower for the second session in a row on Monday, moving further away from more than three-year highs touched recently, as a rise in U.S. drilling for new production dampened sentiment. U.S. drillers added 10 oil rigs in the week to May 11, bringing the total count to 844, the highest number since March 2015, General Electric (NYSE:GE)’s Baker Hughes energy services firm said in its closely followed report on Friday. That was the sixth consecutive weekly increase in the rig count, underscoring worries about rising U.S. output. Indeed, domestic oil production – driven by shale extraction – rose to an all-time high of 10.70 million barrels per day (bpd) last week, the Energy Information Administration (EIA) said. Only Russia currently produces more, at around 11 million bpd. The relentless increase in U.S. production marked one of the few factors tamping back crude in an otherwise bullish environment in recent weeks.

MCX TipsStock Market LiveFinancial Advisory Company in IndoreStock Advisory Company in Indore ,  Intraday stock Tips , Financial Advisory company  , Sebi Registered Advisory company , Capitalstars Video Gallery

CapitalStars Provides  Free Trial To Our Client…

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Leave a Reply

Your email address will not be published. Required fields are marked *

Checking...

Ouch! There was a server error.
Retry »

Sending message...

FREE TRIAL REQUEST


CapitalStars FORUM