By:    Mcxkey    2020-11-23

Oil prices extend gains on COVID vaccine hopes

Oil prices extended their gains on Monday as traders were optimistic about a recovery in crude demand thanks to successful coronavirus vaccine trials, but price gains were contained by renewed lockdowns in several countries.
Sentiment was also bolstered by hopes that the Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers, a group known as OPEC+, will keep crude output in check.
Brent crude futures rose 17 cents, or 0.4%, to $45.13 a barrel by 0039 GMT while U.S. West Texas Intermediate crude gained 4 cents, or 0.1%, to $42.46 a barrel. Both benchmarks had increased by 5% last week.

By:    Mcxkey    2020-10-13

OPEC cuts 2021 oil demand forecast again as coronavirus cases rise

World oil demand will rebound more slowly in 2021 than previously thought as coronavirus cases rise, OPEC said on October 13, adding to headwinds faced by the group and its allies in balancing the market.
Demand will rise by 6.54 million barrels per day(bpd) next year to 96.84 million bpd, the Organization of the Petroleum Exporting Countries said in a monthly report. The growth forecast is 80,000 bpd less than expected a month ago.
A further weakening of demand could threaten plans by OPEC and allies to taper in 2021 the record oil output cuts they made this year. OPEC is keeping an eye on the situation but currently has no plan to cancel the supply boost.

By:    Mcxkey    2020-10-11

Libya to resume oil production at largest field amid talks

The National Oil Corporation said it has lifted the force majeure that was imposed at the southwestern Sharara oil field after it reached an honor agreement with forces loyal to military commander Khalifa Hifter to end all obstructions at the field.
Libya’s national oil company announced Sunday it is resuming production at the country’s largest oil field as rival officials from eastern and western Libya began peace talks, part of preliminary negotiations ahead of a UN-brokered dialogue set to take place next month.
The National Oil Corporation said it has lifted the force majeure that was imposed at the southwestern Sharara oil field after it reached an honor agreement with forces loyal to military commander Khalifa Hifter to end all obstructions at the field.

By:    Mcxkey    2020-10-09

COVID-19 HAS PUSHED VARIOUS SECTORS INTO POSITIVE RECOVERY TRENDS

RESEARCH HIGHLIGHTS:
InfoTech has been the hottest sector in the past 30 days, although it is 11% off from September 21, 2020 highs. Consumer Discretionary and Healthcare are the #2 and #3 hottest sectors.
The Energy, Internet, Banks, and Insurance sectors have been weaker in the past 30 days.
Volatility, which is almost twice as high as historic levels, will continue to be an issue going forward so it is smart to properly allocate capital to avoid risk.
The Technology and Healthcare sector were two of the strongest sectors for growth and price appreciation in the US before the COVID-19 virus collapsed the US and global economy. After the COVID-19 bottom setup in March 2020, these two sectors continued to lead other sectors in price appreciation and bullish trending.

By:    Mcxkey Group    2020-08-17

Oil prices advance as China lines up boost in US crude imports

Oil prices climbed higher on Monday, lifted by China's plans to ship in large volumes of U.S. crude in August and September, outweighing concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies.
Brent crude rose 21 cents, or 0.5%, to $45.01 a barrel by 0023 GMT while U.S. West Texas Intermediate crude was up 27 cents, or 0.6%, to $42.28 a barrel.
Chinese state-owned oil firms have tentatively booked tankers to transport at least 20 million barrels of U.S. crude for August and September, Reuters reported on Friday, as China ramped up energy and farm purchases ahead of a review of the Sino-U.S. trade deal.
Record crude imports from world's top importer China and the easing of COVID-19 restrictions globally have supported oil prices, although new waves of coronavirus outbreaks in several countries are expected to cool consumption again.

By:    Mcxkey Group    2020-08-16

Gold imports dip 81% in Apr-Jul to $2.47 bn

India's gold imports, which have a bearing on the current account deficit (CAD), plunged 81.22 per cent to $2.47 billion (about Rs 18,590 crore) during April-July period of 2020-21 due to a significant fall in demand in the wake of COVID-19 pandemic, according to data from the Commerce Ministry.
Imports of the yellow metal stood at $13.16 billion (about Rs 91,440 crore) in the corresponding period of 2019-20.
Similarly, silver imports during the first four months of the current financial year also dipped 56.5 per cent to USD 685.32 million (about Rs 5,185 crore).
The decline in gold and silver imports has helped in narrowing the country's trade deficit, difference between imports and exports, to USD 13.95 billion during April-July 2020-21 as against USD 59.4 billion in the year-ago period.

By:    Mcxkey    2020-07-08

Crude oil drops; here is how others may fare

NEW DELHI: Barring zinc and lead, all metal and energy counters on MCX traded in the red on Wednesday amid sharp rise in Covid-19 cases in many parts of the world that threatens economic recovery.
Crude oil dipped 0.95 per cent as supply increased while its peer natural gas fell 1.26 per cent. Silver and gold saw profit booking and slipped up to 0.2 per cent. Base metals were mixed with zinc and lead in green while others in the red.
“Gold’s safe haven demand remains on the higher side due to worries over surging coronavirus cases and hopes of fresh stimulus measures. Concerns over a quick global economic recovery and a weak US dollar continue to offer lower level support to the commodity,” said Hareesh V ,Head Commodity Research at Geojit Financial Services.

By:    Mcxkey    2020-07-06

Sebi looking at allowing futures trade in petrol, diesel

New Delhi: Markets regulator Sebi is looking at permitting futures trading in petrol and diesel, an official said emphasising that there has been no disruption in commodities derivatives trading during the COVID-19 crisis.
The Securities and Exchange Board of India (Sebi) is also looking at re-allowing futures trade in tur and urad, which were banned in 2007 after a spike in prices of these commodities.
"Yes, all products that I mentioned over here (tur and urad weather indices..

By:    Mcxkey Group    2019-07-15

Gold prices fall, silver follows suit

Gold prices slipped in India today, mirroring a declining overseas trend. On MCX, August gold futures slipped 0.21% to 34,833 while the October contracts slid 0.2% to 35,164. August gold contracts had hit a record high of 35,145 last week. The September silver contracts on MCX also slipped 0.2% to 38,312. In global markets spot gold was down 0.3% at $1,410.73 per ounce as better-than-expected key China data boosted appetite for riskier assets. Also weighing on gold prices, the dollar index inched higher on Monday against a basket of major currencies.
According to the All India Sarafa Association, in Delhi, gold of 99.9 per cent and 99.5 percent purity fell 100 each to 35,470 and 35,300 per 10 gram, respectively.

By:    Mcxkey Group    2019-07-02

Cryptocurrency exchange Koinex shuts down in India

Facing regulatory troubles, one of India's largest cryptocurrency exchange, Koinex, shut down today. "After months of uncertainty and disruption, we have regretfully decided to shut down all digital assets exchange services and operations today," Koinex co-founder Rahul Raj said in a blogpost.
He said the last 14 months have been tough to operate a digital assets trading business in India, on account of the closure of bank accounts holding user deposits.

By:    Mcxkey group    2019-07-02

Oil prices surge as OPEC set to extend supply cuts

Oil prices rose more than $1 a barrel on Monday, with OPEC and its allies on track to extend supply cuts until at least the end of 2019 at their meeting in Vienna this week.
Front-month Brent crude futures, for September, touched an intraday high of $66.63 a barrel and were up $1.72, or 2.7%, at $66.46 a barrel by 0639 GMT.
The US crude futures for August climbed $1.52, or 2.6%, to $59.99 a barrel, after earlier hitting their highest in over five weeks at $60.13.
Iran on Monday joined top producers Saudi Arabia, Iraq and Russia in supporting a policy aimed at propping up the price of crude amid a weakening global economy.

By:    Mcxkey Group    2019-06-27

Gold prices suffer sharp fall for second straight day

Gold prices in India saw a sharp fall for the second day in a row. On MCX, gold for delivery in August contracts fell 0.45% to 34,235 - their fall for second straight day - mirroring a decline in global prices. On Tuesday, gold futures prices on MCX had come closer to 35,000 mark amid a global rally. In global markets, gold prices edged lower today after suffering a sharp fall in the previous session. Investors remained cautious ahead of US President Donald Trump and Chinese President Xi Jinping this weekend at the G20 summit.
Donald Trump said on Wednesday that a trade deal with China was possible this weekend. But he also warned that US is prepared to impose tariffs on virtually all remaining Chinese imports if the two countries continue to disagree.

By:    Mcxkey Group    2019-06-27

Crude oil futures fall on global cues

Crude oil futures Thursday fell by 0.73 per cent to Rs 4,099 per barrel as speculators indulged in reducing holdings amid a weakening trend overseas.
On the Multi Commodity Exchange, crude oil for delivery in July contracts fell by Rs 30, or 0.73 per cent, to Rs 4,099 per barrel with a business turnover of 21,034 lots.
Analysts said trading sentiments turned weak after oil prices eased in global markets and profit-booking by speculators led to a further fall in the prices.

By:    Mcxkey Group    2019-06-26

Gold prices fall sharply after rising closer to 35,000

Gold prices in India saw a sharp fall today, amid a weak global trend. On MCX, gold futures for August delivery fell 0.70% to 34,322 after prices rose closer to 35,000 on Tuesday. Gold futures for October delivery were down also down 0.70% at 34,500. On Tuesday, October gold futures prices had shot up above 35,000 to 35,100. In global markets, prices slipped more than 1% today after as US Federal Reserve officials played down expectations of aggressive rate cuts.
Spot gold rates were down at $1,405, heading for its first decline in seven sessions.

By:    Mcxkey Group    2019-02-12

Oil prices rise on OPEC output cuts, as U.S. sanctions bite

Oil prices rose today amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. production and concerns over economic growth to keep markets in check.
U.S. West Texas Intermediate (WTI) crude oil futures were at $52.78 per barrel at 0329 GMT, up 37 cents, or 0.7 percent, from their last close.
The ongoing closure of parts of the Keystone pipeline that brings Canadian oil into the United States also helped prop up WTI, traders said.
International Brent crude futures were up 50 cents, or 0.8 percent, at $62.01 per barrel.

By:    Mcxkey Group    2019-02-07

Oil falls as U.S. maintains record output, inventories climb

Oil prices fell on Thursday after U.S. crude inventories rose and as production levels in the country held at record levels, but OPEC-led supply cuts and Washington’s sanctions against Venezuela supported markets.
U.S. West Texas Intermediate (WTI) crude futures were at $53.84 per barrel at 0247 GMT, down 17 cents, or 0.3 percent, from their last settlement.
International Brent crude oil futures were down by 26 cents, or 0.4 percent, at $62.43 per barrel.
U.S. crude oil inventories climbed by 1.3 million barrels in the week that ended Feb. 1 to 447.21 million barrels, data from the Energy Information Administration (EIA) showed on Wednesday.

By:    Mcxkey Group    2019-02-06

Indian steel firms seek higher duties on steel imports as prices drop

Indian steel firms are putting pressure on the government to impose higher duties on imports as trade disputes and a global economic slowdown divert surplus Asian steel stocks to India, industry executives and government sources said.
Local producers are suffering from the double whammy of a rise in cheap imports and low domestic steel prices, which threatens to wipeout the healthy profits made in the past couple of years.

By:    Mcxkey Group    2019-02-05

Oil rises on tighter supply but U.S. factory data weighs

Oil prices rose on Tuesday as investors expect U.S. sanctions on Venezuela and production cuts led by OPEC and its allies to head off any glut, but data showing a decline in U.S. factory orders weighed on the market.
The supply optimism helped U.S. West Texas Intermediate (WTI) and Brent crude reach 2019 highs on Monday.
WTI futures were up 46 cents, or 0.84 percent, at $55.02 per barrel by 0940 GMT. They touched their highest level in more than two months at $55.75 the previous day.
International Brent crude futures were up 33 cents, or 0.53 percent, at $62.84 a barrel, down from a high of $63.63.

By:    Mcxkey Group    2019-02-05

US Crude Oil price up as market tighter supply

US Crude oil prices inched up on Tuesday, buyed by expectations of tightening global supply due to U.S. sanctions on Venezuela and production cuts led by OPEC.
U.S. West Texas Intermediate (WTI) crude futures were at $54.77 per barrel at 0223 GMT, up 21 cents or 0.4 percent. They closed down 1.3 percent on Monday, after earlier touching their highest since Nov. 21 at $55.75 a barrel.
International Brent crude oil futures were at $62.72 a barrel, also up 21 cents or 0.4 percent, after closing down 0.4 percent in the previous session.

By:    Mcxkey Group    2018-12-31

Oil prices rise, but set for first annual decline since 2015

Oil prices edged higher on the last trading day of the year on Monday, taking a cue from firmer stock markets, but remain on track for the first yearly decline in three years amid concerns of a supply glut.
Hints of progress on a possible US-China trade deal helped bolster sentiment, which has been battered by concerns over a weaker global economic outlook.
Brent crude futures - the international benchmark for oil prices - rose 17 cents, or 0.3 percent, to $53.38 a barrel by 0115 GMT. Brent has shed about 20 percent in 2018 following two years of successive growth.

By:    Mcxkey Group    2018-12-28

Crude oil prices likely to impact Sugar prices in 2019

With Crude Oil prices falling as much as one-third, reducing the appeal of Ethanol, there are fears Brazilian farmers will divert more Sugarcane for Sugar production in 2019, weighing on Sugar prices in global markets.
In India, dry weather, deficient rain and pest infestation have come as a blessing in disguise for Sugarcane millers. As yields dropped and production estimates are revised lower, prices of the sweetener recovered, bringing relief for the share prices of the millers. But as the industry enters 2019, optimism is fading.
Prices began easing in November, tracking the onset of the crushing season and fresh supplies into the market. According to ratings agency Icra Ltd, Sugar production in India is expected to decline by around 2% to 31.5 million tonnes (mt) in the current season. Even so, the Sugar surplus scenario is likely to continue as the industry is carrying sizeable inventories.

By:    Mcxkey Group    2018-11-15

Oil rebounds from steep sell-off as OPEC, partners discuss supply cut

Oil rose about 1 percent on Wednesday, recouping some of the previous session's heavy sell-off, on growing prospects that the Organization of the Petroleum Exporting Countries and allied producers would cut output at a meeting next month to prop up prices.
After a record 12 straight days of losses and the steepest one-day loss in more than three years, the oil market reversed course after Reuters reported that OPEC and its partners were discussing a proposal to cut output by up to 1.4 million barrels per day (bpd), more than officials had mentioned previously.
Brent crude settled up 65 cents, or 1 percent, at $66.12 a barrel, after hitting a session high of $67.63.
US crude futures rose 56 cents, or 1.01 percent, to settle at $56.25 a barrel, after sliding for 12 straight sessions to the lowest since November 2017.

By:    Mcxkey Group    2018-11-14

Natural gas jumps to 4-year high in panicky trading as snow, cold push across US

Natural gas prices surged to a more than four-year high in panicky and volatile trading Wednesday, after the latest cold weather forecasts raised fears that the U.S. is heading for a potentially colder-than-expected winter with too little gas supply.
Futures for December settled up 18 percent at $4.837 per mmBtus but had been up as much as 20 percent in an early morning rush of panic buying. Prices also rose across futures contracts that that would cover the winter months through March, indicating that prices could be pressured all winter by dwindling supply, which is at a 15-year low for this time of year.

By:    Mcxkey Group    2018-03-06

Oil extends gains on IEA growth forecasts and as OPEC touts pact cutting output

Oil prices rose on Tuesday for a third straight session, underpinned by robust demand forecasts and as ministers from OPEC touted the strength of its agreement with global producers to cut output in order to bolster the market. International benchmark Brent crude futures LCOc1 were at$65.61 per barrel at 0428 GMT, up 7 cents, or 0.11 percent.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $62.67 a barrel, up 10 cents, or 0.16 percent.

By:    Mcxkey Group    2017-11-07

Saudi purge takes oil to 2 year high

Oil reached levels last seen more than two years ago as Saudi Arabian Crown Prince Mohammed bin Salman's anti-corruption drive shook the world's biggest crude exporter just weeks before major producers gather to discuss prolonging historic production caps. Futures advanced as much as 1.2 per cent in New York. The purge eliminated potential rivals to Crown Prince Mohammed bin Salman and included a member of the royal council overseeing state oil producer Saudi Aramco and one of its directors. The arrests of princes, government ministers and billionaires may cast a shadow over the November 30 Opec meeting.

By:    Mcxkey Group    2017-10-23

Oil prices rise on tightening supply, strong demand

Oil prices rose on Monday over supply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand in Asia keeps rising.
Brent crude futures LCOc1, the international benchmark for oil prices, were at $57.90 at 0131 GMT, up 15 cents, or 0.26 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $52.13 per barrel, up 29 cents, or 0.56 percent.
“Oil prices are holding comfortably above $50 as possible supply disruptions in the Kurdish region of Iraq support prices,” said William O‘Loughlin, investment analyst at Rivkin Securities.

By:    Mcxkey Group    2017-01-05

NCDEX, MCX to launch castor seed futures on Thursday

After a year, castor seed futures are back for trading on an exchange platform. With permission from the Securities and Exchange Board of India (Sebi), the National Commodity and Derivatives Exchange (NCDEX) and the Multi Commodity Exchange (MCX) are launching these from Thursday, with the first contract expiring in February, followed by March, April and May 2017.
When NCDEX suspended the trade last January, it was the only major one in the segment. This time, MCX is doing so, too, with with much lower transaction charges. NCDEX has fixed a flat Rs 2 per Rs 1 lakh of trade; most contract specifications are as these earlier were. MCX's transaction charge will be 50p per Rs 1 lakh of trade value.

By:    Mcxkey Group    2017-01-03

Oil dives two percent, strong dollar knocks crude off 18-month high

Oil prices slid more than 2 percent on the first trading day of 2017, knocked off 18-month highs hit in early trade as the U.S. dollar rallied to its highest level since 2002 and traders took profits.
Brent futures fell $1.35, or 2.4 percent, to settle at $55.47 a barrel, while U.S. West Texas Intermediate (WTI) crude lost $1.39, or 2.6 percent, to settle at $52.33, its lowest close in two weeks.
Before the slide began, both contracts hit their highest levels since July 2015 on hopes that a deal between OPEC and other big oil exporters to cut production, which kicked in on Sunday, will drain a global supply glut. Brent reached as high as $58.37 and WTI $55.24.

By:    Mcxkey Group    2016-12-12

तेल उत्पादन में कटौती को लेकर गैर-ओपेक

रूस और गैर-ओपेक देशों के उत्पादन में कटौती के निर्णय में शामिल होने से तेल के दाम में आज उछाल आया. तेल निर्यातक देशों के संगठन (ओपेक) ने वैश्विक स्तर पर तेल की अधिक उपलब्धता को कम करने के लिये उत्पादन में कटौती का फैसला किया है.
उनका कहना है तेल की अधिक आपूर्ति से कीमतें प्रभावित हो रही हैं जिसके कारण उन्होंने उत्पादन में कटौती का निर्णय किया. ओपेक ने कहा कि आय में उल्लेखनीय गिरावट को थामने के लिये रूस और 10 अन्य गैर-ओपेक देशों ने शनिवार को कहा कि वे तेल उत्पादन में प्रति दिन 5.0 लाख बैरल से अधिक की कमी लाएंगे.

By:    Mcxkey Group    2016-10-04

RBI cuts repo rate by 25 bps in fourth bi-monthly policy

The Reserve Bank of India (RBI) on Tuesday cut repo rate by 25 bps to 6.25 percent. Reverse repo rate under the LAF stands adjusted to 5.75 percent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.75 percent. All six members of the monetary policy committee voted in favour of cutting repo rate.
In its policy statement, the central back said that the decision of the monetary policy committee was consistent with the accommodative stance of the monetary policy. Retail inflation is expected to be 5 per cent by March 2017 with upside risk.

By:    Mcxkey Group    2016-09-22

FOMC leaves rates unchanged in September meeting !!

Federal Reserve officials lowered their expectations for rate hikes in the years ahead Wednesday but teed up a likely move before the end of 2016.
In a statement from the Federal Open Market Committee after this week's meeting, the central bank expressed confidence in economic growth, but not enough to make a move this month.
"The committee judges that the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives," the statement said.

By:    Mcxkey Group    2016-09-16

Gold slides to two-week low after U.S. inflation data

Gold hit a two-week low on Friday after data showing faster-than-expected growth in U.S. consumer inflation last month helped support the case for the Federal Reserve to raise interest rates later this year. Inflation is a key factor the U.S. central bank considers when deciding monetary policy. While the prospect of a hike at the Fed's policy meeting next week remains remote, a new Reuters poll of 100 economists indicated a 70 percent chance of a December rise. Spot gold slid to its lowest since Sept. 1 in the wake of the data at $1,306.38, and was at $1,307.36 an ounce at 1350 GMT, down 0.5 percent. U.S. gold futures for December delivery were down $7.30 at $1,310.70. The precious metal is also on track for its first weekly loss in three weeks, down 1.5 percent.

By:    Mcxkey Group    2016-09-01

MCX Q1 net profit up 55% at Rs 33 cr

Commodity exchange MCX reported 55 percent increase in net profit to Rs 32.81 crore for the quarter ended June 30. It had reported net profit of Rs 21.22 crore in the April- June period of the last fiscal. Income from operations increased to Rs 62.98 crore in the first quarter of 2016-17 from Rs 56.21 crore in the year-ago period. Its total income increased by 23 percent to Rs 93.79 crore during April-June quarter of this fiscal from Rs 76.17 crore in the corresponding period of previous year. During the first quarter, MCX said its market share in commodity derivative space has increased to 88.20 percent from 80.55 percent in the corresponding quarter of last fiscal.

By:    Mcxkey Group    2016-08-16

Indian Steel production may reach 127.1 million tons by 2020

India steel production during 2016-2020 is expected to grow annually at an average of 7.3 percent to touch 127.1 million tons(MT). Besides, government has been spearheading the push towards the boost in steel production capacity, with upgrades being made to existing steel mills and state-owned companies stepping in to build new steel plants.

By:    Mcxkey Group    2016-08-12

Gold continues its record levels of demand

In a world of uncertainties and political turmoil, demand for Gold continues unabated as if there is no tomorrow. According to World Gold Council’s latest Gold Demand Trends report, global gold demand reached 2,335 tonnes (t) in the first half of 2016 with investment reaching record H1 levels, 16% higher than the previous record in H1 2009.

By:    Mcxkey    2016-04-26

Gold demand in India, China falls in Q1 2016: GFMS

Jewellery consumption in India declined by 56% year-on-year to 65 tonnes in Q1 2016, the lowest since the first quarter of 2008, partly due to higher prices but crucially hindered by the budget and jewellers’ strike.

By:    Mcxkey    2016-01-05

Crude gains in Asia with Middle East tensions eyed

Today our analyst believe that Crude Oil price might make new high due to crises in Middle East and Africa. On the New York Mercantile Exchange, WTI crude for February delivery traded up 0.31% to $36.88 a barrel.

Overnight, U.S. crude futures closed slightly lower on Monday, following a choppy, volatile day of trading as a trio of nations joined Saudi Arabia in severing diplomatic ties with Iran, escalating Islamic sectarian conflict in the Middle East and Africa.

By:    Mcxkey    2015-12-16

Gold may trade sideways to bearish on stronger dollar ahead of Fed

Gold futures on the COMEX division of the New York Mercantile Exchange fell on Tuesday as the US dollar showed strength ahead of the Wednesday meeting of the US Federal Reserve.

Investors awaited the statement after the conclusion of Federal Reserve’s two-day meeting on Wednesday. Many believed an interest rake hike will occur, putting gold under pressure.At Multi Commodity Exchange (MCX), Gold futures may trade on a sideways to bearish note today.

By:    Mcxkey    2015-12-11

The Effect of a Fed Rate Hike on Precious Metals

The markets have for the most part already priced in a Fed rate hike which is expected next week. Yesterday fed funds futures indicated an 80% chance of a rate hike. It would be the first hike in roughly 9 years. The Fed last began a new hiking cycle in 2004. We consult history to decipher the potential impact (of a rate hike) on the embattled precious metals sector.

The chart below plots the US$ index, the Fed Funds rate and Gold. We marked the points at which the Fed Funds rate began to increase. The red marks show the two points which are most comparable to today with respect to the US$ index. At those points (1983-1984 and 1999) an increase in the Fed Funds rate was preceded by a strong uptrend in the US$ index.

By:    Mcxkey    2015-12-01

Crude oil prices remain weak ahead of OPEC meeting

* OPEC meets Friday in Vienna, expected to keep output high
* Hedge funds cut U.S. crude longs to 5-year lows
* China manufacturing at 3-year trough
* Dubai crude falls to lowest since Dec 2008

Crude oil prices were barely changed on Tuesday as traders bet on continued high production from the Organization of the Petroleum Exporting Countries (OPEC) ahead of its meeting later this week.
U.S. crude CLc1 was trading at $41.93 a barrel at 0427 GMT on Tuesday, up 28 cents, but still down more than 10 percent since the start of November. Internationally traded Brent futures LCOc1 were at $44.77 a barrel, up 16 cents.

By:    Mcxkey    2015-11-16

Global risks bolster gold, oil after Paris attacks

Gold and oil edged up in nervous trading on Monday following the deadly attacks on Paris and large-scale French airstrikes in Syria, although broader commodities markets remain weak on poor fundamentals.
Gold, typically seen as a safe haven in times of heightened risk, jumped about 1 percent as Asian shares and U.S. stock futures fell, while the euro skidded to a 6-1/2 month low. Oil prices edged higher, but copper slipped to a six-year low.
Multiple attacks in Paris on Friday killed more than 130 people, prompting France to launch air strikes in Syria against Islamic State, which claimed responsibility for the attacks.

By:    Mcxkey    2015-11-03

U.S. crude oil edges up after drops, but market remains oversupplied

U.S. crude futures edged up early on Tuesday, but the market outlook remains bearish as supply still exceeds demand and due to worries the dollar will strengthen when the U.S. Federal Reserve eventually raises interest rates.

Benchmark U.S. crude futures CLc1 were trading at $46.27 per barrel at 7.28 p.m. ET, up 13 cents from their last settlement. The slight rise followed falls in the previous session as Russian production hit a post-Soviet peak while China's demand outlook weakened.

By:    Mcxkey    2015-10-28

India trumps China to become biggest gold consumer

India regained its top position from China as the biggest overall consumer of gold in the first nine months this year with a total consumption of 642 tonnes, a survey said.
China is trailing by just 63 tonnes though, with total consumption of 579 tonnes in the first nine months, according to GFMS Gold Survey Q3 2015 Review and Outlook.
In India, jewellery consumption increased by 5% year-on-year to an estimated 193 tonnes in Q3 2015, the highest quarterly consumption since Q1 2011, and the highest third quarter demand since 2008. Retail investment rose 30% year-on-year to 55 tonnes, the highest since Q4 2013.

By:    Mcxkey    2015-10-21

Oil falls after industry report shows surge in U.S. crude stocks

Oil prices fell on Wednesday after data from an industry group showed a larger-than-expected build in U.S. crude inventories last week, fanning worries over global oversupply, even as a slightly weaker dollar provided some support.
Brent crude for December delivery had fallen 9 cents to $48.62 a barrel by 0313 GMT after settling up 10 cents in the previous session.
U.S. crude for December delivery dropped 24 cents at $46.05 a barrel after settling up one cent at $46.29. The November contract, which expired on Tuesday, finished down 34 cents at $45.55 per barrel.

By:    Mcxkey    2015-10-19

Gold dips as U.S. data boosts rate hike prospects

Gold extended loses to a third straight session on Monday, as strong data on U.S. consumer sentiment prompted investors to pare bets the Federal Reserve will wait until next year to raise interest rates.
Other precious metals also tracked gold lower. Bullion has come under pressure after strong U.S. economic reports towards the end of last week. Data on Friday showed U.S. consumer sentiment rebounded strongly in early October, while Thursday data showed a pick up in core inflation. The upbeat data helped the dollar move away from seven-week lows as it kept alive prospects that the Fed could hike interest rates before year-end.

By:    Mcxkey    2015-10-15

Gold near 3-1/2-month high on bets Federal Reserve to delay rate hike

Gold held near a 3-1/2-month high on Thursday as sluggish economic data from China and the United States stoked speculation the Federal Reserve will not raise rates this year.
Spot gold steadied at $1,183.21 an ounce by 9:10 pm IST following a four-day rally. The metal climbed to $1,190 on Tuesday, its highest since June 22.
Data on Wednesday showed US retail sales barely rose in September and producer prices recorded their biggest decline in eight months. Consumer inflation in China cooled more than expected in September, while producer prices extended their slide to a 43rd straight month.

By:    Mcxkey    2015-10-14

Zinc prices may rebound in Oct post Glencore cut

Zinc prices are likely to rebound in Oct’15 following Glencore's announcement about output cut, according to Mcxkey.
Glencore announced that it will cut 500,000 tonnes of annual zinc production, equivalent to around four per cent of global supply, in its latest response to weak commodities prices.
“The move is significant enough to swing the zinc market into a deficit for 2016 from surplus estimated earlier,” Mcxkey says.
?yi gnler hayat?m, bugn hayat?n?z?n en zirve kirsehir escort noktas?n? ya?ayacaks?n?z ve benimle seks yapt???n?z iin asla pi?man olmayacaks?n?z diyerek sizlerin kar??s?na ?kmaktay?m. Canlar?m ben seks konusunda olduka bilgili olan, sizlerle seks yapt???n da en iyi ?ekilde siz elit beyleri sekse kar?? mutlu edecek olan bir masaj salonu bayan?m. Bende bu yzden sizlere diyorum ki beni kaybetmeden bir an nce benden seks randevunuzu al?n da benimle en iyi ?ekilde seks yaparak yolunuza devam edin diyorum. Hayal etti?iniz o geceler de en iyi ?ekil de sizlere hizmet edece?im, ?phesiz ki benimle seks yapt???n?z zaman sizler de bana hayran kalacaks?n?z ve benimle oldu?unuz zaman bir daha benden asla ve asla vazgeemeyen beyler olacaks?n?z. Ben bugne kadar kimle seks yapt?ysam yapay?m kar??ma ?kan tm beyler benimle olmaktan ok memnun adiyaman escort kald?lar, bugn sizler de benimle oldu?unuz zaman bana hayran kalacak, benimle seks yapt???n?z iin eminim ki benden vazgeemeyen beyler olacaks?n?z. masaj salonu bayan Nazl? ad?nda sizlerin kar??s?na ?k?yorum. Bacaklar?m?n uzun olmas? sebebiyle sizlerin gzne ok seksi geliyorum. Zaten bu yzden de sizler benimle srekli yan yana gelerek seks yapmak istiyorsunuz ve benimle srekli beraber olmak istiyorsunuz. Kendinizi benim gibi gzellikten al? koymay?n da hemen benim gibi Masz bayan escortunu arayarak benimle seks yap?n diyorum sizlere ben. Kendinize ok cici bak?n beyler. Selam can?m, yata??n?z da seksi bir bayan grmek isteyen beylere ho? geldiniz diyorum. Benim gibi seksi bir bayan sizlerin kar??s?na ?karak en gzel ?ekilde sizlere hizmet edece?ini dile getiriyor ve benimle oldu?unuz zaman da sex hikayelerikendinizi benimle ok mutlu edece?inize inand???m? ben sizlere sylyorum. Seks yapman?n tam bana gre oldu?una inan?yorum, kendime o kadar ok gveniyorum ki ben siz elit beylere benden uzak kalmadan bir an nce benden seks randevunuzu al?n diyorum. Yolunuza ?kt???m iin inan?n bana asla pi?man olmayacaks?n?z, benimle oldu?unuz iin sizler asla benden s?k?lmayacaks?n?z. masaj salonu bayan olarak uzun bacaklar?m?n seksili?ini ben en iyi ?ekilde sizlere gsterece?im. Benim bacaklar?m?n seksili?iyle sizler seks yaparken olsun sevi?irken olsun kendinizden geeceksiniz. Ellerinizi benim seksi bacaklar?mdan alamayacaks?n?z. Bacaklar?m ok seksi oldu?u iin ben s?rf Masz rus escort Hande ad? alt?nda sizlere akseki escort kar?? ilan?n? payla?an bir bayan?m. Bacaklar?m bu kadar seksi olmasayd? san?r?m ismimin ba??na byle demezdim. Resimlerime bakarak grebilirsiniz. Eminim grdkten sonra sizler gzlerinize inanamayacaks?n?z ve benimle seks yapmak iin can atacaks?n?z. Benim gibi bir bayan? de?erlendirmek isterseniz ka?rmadan ve beni kaybetmeden hemen araman?z? sizlere neririm. Beni hemen aray?n ki randevu gnlerim dolmadan sizlere randevu vereyim. Sonra bana arad?k ta sen bize randevu vermedin falan demeyin. Sizlere iyi gnler diliyorum, kendinize cici bak?n canlar?m.

By:    Mcxkey    2015-10-14

Indian agri markets to trade volatile for the week

Profit booking at the higher levels brought some dips to the rising rates for Agri commodities on Wednesday even as overall Fundamentals remained Bullish. With rates having risen significantly over last few days, intermittent corrections were also seen at the higher levels. Oil complex remained firm on firmness in International markets as some profit booking seen for Spices after the recent surge in prices. Chana too showed some fall in price from these very high levels but good Festive season domestic demand amidst falling stocks are likely to support prices.