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| As on Nov 19, 2019 12:00 AM |
Your results on : End Session |
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Eurozone's construction output grew 0.7 percent in September, reversing a 0.8 percent fall in August, data from Eurostat showed on Tuesday. Building and civil engineering works increased 0.6 percent and 1.2 percent, respectively. On an annual basis, construction output fell 0.7 percent in September, after a 0.8 percent increase in the preceding month. Powered by Commodity Insights |
UK manufacturers continued to log a decline in orders in November but the pace of decrease slowed from October, survey data from the Confederation of British Industry, or CBI, showed Tuesday. The order book balance fell to -26 percent in November from -37 percent in October, the Industrial Trends Survey showed. This was well below the long-run average of -13 percent. Powered by Commodity Insights |
| COMEX Copper edged up from four weeks low on bargain buying. The COMEX Copper futures are currently trading at $2.63 per pound, up 0.46% on the day. MCX Copper futures are trading at Rs 436.45 per kg, almost unchanged on the day. Domestic copper saw a muted action as the Indian Rupee gained today. INR ended at 71.71 against the US dollar today, adding 13 paise on the day. INR had slipped above 72 per dollar in intraday moves. A late rebound in local equities and weakness in crude oil supported the currency. Powered by Commodity Insights |
COMEX Gold futures continued to see profit selling as rising global equities are capping the upside for the metal. The commodity currently trades at $1468 per ounce, down 0.23% on the day. MCX Gold futures are currently trading at Rs 38041 per 10 grams, down 0.50% on the day. WTI Crude oil futures are trading with modest losses today, extending their downturn from a seven week high. The WTI Crude oil futures are currently trading at $56.59 per barrel, down 1% on the day. MCX Crude oil futures are trading at Rs 4057 per quintal, down 0.49% on the day after failing to hold on near Rs 4100 per barrel mark. Oil traders are focussing on the weekly US crude oil stocks data to be released tomorrow. Powered by Commodity Insights |
| India's Petroleum, crude and products imports fell 34.15% over year to Rs 11482 crore in October 2019. India's Pulses imports rose 87% over year to Rs 1547 crore in October 2019. India's Gold imports came in at Rs 13069 crore in October 2019, up 1.05% compared to October 2018. Silver imports tumbled though, giving up 81% over the year to Rs 679.51 crore in October 2019. Tea exports fell 9.50% to Rs 519.22 crore while Spices exports slipped 0.77% to Rs 1940 crore in October. Petroleum Products exports fell 14.10% to Rs 25750 crore. Powered by Commodity Insights |
COMEX Gold futures continued to slip today as profit selling took charge in the commodity following a latest spurt to one week high. The US equities hit another record high on Friday. The commodity currently trades at $1460 per ounce, down 0.60% on the day. MCX Gold futures are currently trading at Rs 37870 per 10 grams, down 0.30% on the day. Meanwhile, India’s Gold imports came in at Rs 13069 crore in October 2019, up 1.05% compared to October 2018. This modest recovery could cap the downside for the metal in near term. Silver imports tumbled though, giving up 81% over the year to Rs 679.51 crore in October 2019. WTI Crude oil futures slipped on profit selling after the counter hit nearly seven week highs on continued buying support. The commodity currently trades at $57.66 per barrel, down 0.29% on the day. MCX Crude oil futures are also trading lower at Rs 4130 per barrel, down marginally on the day. Powered by Commodity Insights |
| India's Gold imports came in at Rs 13069 crore in October 2019, up 1.05% compared to October 2018. Silver imports tumbled though, giving up 81% over the year to Rs 679.51 crore in October 2019. Powered by Commodity Insights |
As per the latest official data of Ministry of Agriculture, the total area of rabi crop has reached 148.23 lakh hectare, down 10.23 percent down as on 15th November. The acreage of wheat has been reported at 32.98 lakh hectares against 42.40 lakh hectares of the last year, while pulses and oilseeds sowing reported at 45.60 and 47.36 lakh hecatres. The acreage of oilseeds has witnessed some gains so far in the current year. Powered by Commodity Insights |
| COMEX Gold futures eased from its one week high yesterday and are currently facing a stiff resistance around its 100 day Exponential Moving Average (EMA), placed at $1470 per ounce. The yellow metal had dropped to three month low earlier in the week before edging up as lower Bollinger Bands provided support. However, the Relative Strength Index (RSI) is at 41 mark and is turning lower. The counter needs to hold above $1470 level to see sustained gains. Powered by Commodity Insights |
| Natural Gas futures are trading marginally higher today. The commodity is on a recovery trail from a two week low and currently lingers at 2.65 per mmbtu, up 0.20% on the day. US Energy Information Administration (EIA) reported yesterday that the US working gas in storage was 3,732 Billion Cubic Feet or Bcf as of Friday, November 8, 2019, according to EIA estimates. This represents a net increase of 3 Bcf from the previous week. Stocks were 491 Bcf higher than last year at this time and 2 Bcf above the five-year average of 3,730 Bcf. At 3,732 Bcf, total working gas is within the five-year historical range. The prices are likely to see subdued moves in near term. US dry natural gas production are expected to hit an all-time high of 92.13 billion cubic feet per day (bcfd) in 2019 from a record high of 83.80 bcfd last year, the Energy Information Administration said in its Short Term Energy Outlook (STEO) earlier this week. Powered by Commodity Insights |
| Eurozone's inflation slowed in October to its lowest level in nearly three years, latest data from the Eurostat confirmed on Friday. The consumer price index rose 0.7 percent year-on-year following a 0.8% increase in September. The initial estimate for core inflation, which excludes energy, food, alcohol & tobacco, was also confirmed. The figure rose for a second straight month, to 1.1% from 1%in the previous month. The rate of core inflation was the highest in four months. Powered by Commodity Insights |
| Copper edged up from two week low as bargain buying supported the commodity though tepid economic data from China capped the upside. The COMEX Copper futures are currently trading at $2.64 per pound, up 0.36% on the day. MCX Copper futures are holding just under Rs 441 per kg mark. China's industrial production rose 4.7% year-on-year in October, data from the National Bureau of Statistics showed today. Value of delivered industrial exports fell 3.8% on-year in October, recording third straight month of declines. China's fixed asset investment edged up 5.2% in January-October 2019 - around two decade low. China's retail sales of consumer goods rose 8.1% year on year in the January-October period, the National Bureau of Statistics said. Powered by Commodity Insights |
| Copper continued to see selling pressure amid weak equities. The COMEX Copper futures are currently trading at $2.63 per pound, down 0.28% on the day. The metal is lingering around its two week low. MCX Copper futures are trading flat around Rs 439.90 per kg. Tepid economic cues and weak equities weighed on the red metal. Global shares continued to ease following global trade anxiety. Risk sentiment has been mostly tepid after the US President Donald Trump failed to provide details about the state of trade talks between the US and China. On the economic front today, Eurozone's industrial production decreased at the slowest pace in four months in September. Industrial production fell 1.7% year-on-year following a 2.8% slump in August. Powered by Commodity Insights |
COMEX Gold edged up from three month low as some buying emerged on global trade worries and stressful equities. The COMEX Gold futures are currently trading at $1466 per ounce, up 0.90% on the day. MCX Gold futures broke above Rs 38000 per 10 grams and currently trade at Rs 38127 per 10 grams, up 1.08% on the day as weak Indian Rupee boosted the sentiment even further. Indian Rupee tumbled today as a slide from one month high extended. Weak local economic cues and falling equities are hurting the local currency. INR fell to a three month low of 72.10 per US dollar today and closed at 72.09, slumping 62 paise on the day. INR has been under severe stress after Moody’s Investors Services lowered India’s rating outlook to negative citing growth concerns. Powered by Commodity Insights |
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