Dailly commodity news latter 15 sep 2015

6
Daily comm U.S. adds 173,000 jobs in as unemployment falls to year low 201 Capita Marke 9/15/2 modity News La August o seven- 15 al Life et Research 2015 atter

Transcript of Dailly commodity news latter 15 sep 2015

Page 1: Dailly commodity news latter 15 sep 2015

Daily commodity News Latter

U.S. adds 173,000 jobs in August

as unemployment falls to seven

year low

2015

Capital Life

Market Research

9/15/2015

commodity News Latter

U.S. adds 173,000 jobs in August

as unemployment falls to seven-

2015

Capital Life

Market Research

/2015

commodity News Latter

Page 2: Dailly commodity news latter 15 sep 2015

Bullion:

Base Metals:

Energy:

Gold settled up 0.4% at 26070 marginally gained as investors await the

decision of the Fed on interest rate hikes, with many speculating an

immediate hike by the Fed at the conclusion of its policy meet on

Thursday. The Fed will announce its policy decision Thursday afternoon,

with market divided whether the central bank will raise interest rates. If

a hike is indicated, then it would be the first since 2006. The uncertainty

of a rate continues to roil markets after some mixed economic data in

the last few weeks. Technically market is getting support at 25981 and

below same could see a test of 25891 level, and resistance is now likely

to be seen at 26143, a move above could see prices testing 26215.

Base metals may continue to move in range as US retail sales data to give

further direction to the prices. Copper may trade in range of 355

while Lead may move in range of 110

range of 106 -108. Zinc may move in range of 115

in range of 650-670 in MCX. Copper prices slid on Monday along with

Chinese equities as economic data from China reinforced worries about

demand growth in the world's top consumer of industrial metals.

Copper prices slid on Monday along with Chinese equities as economic

data from China reinforced worries about demand growth in the world's

top consumer of industrial metals.

Crude oil may trade in range of 2870

their lowest level in more than two weeks on Monday as data showing

weaker-than-expected industrial production in China and a decline for

Shanghai's stock market raised concerns that demand for crude from

the world's second-largest consumer will weaken. The U.S. Federal Open

Market Committee meeting on Sept. 16

theme for financial markets this week and any fluctuations in the dollar

will also affect oil prices. A strengthening of the U.S. dollar has generally

been bearish for oil prices. However, market expectations of a U.S.

interest-rate increase this week have been tempered b

turmoil in global markets and worries over economic growth.

Gold settled up 0.4% at 26070 marginally gained as investors await the

decision of the Fed on interest rate hikes, with many speculating an

immediate hike by the Fed at the conclusion of its policy meet on

Thursday. The Fed will announce its policy decision Thursday afternoon,

with market divided whether the central bank will raise interest rates. If

a hike is indicated, then it would be the first since 2006. The uncertainty

ts after some mixed economic data in

ally market is getting support at 25981 and

below same could see a test of 25891 level, and resistance is now likely

to be seen at 26143, a move above could see prices testing 26215.

Base metals may continue to move in range as US retail sales data to give

. Copper may trade in range of 355-367

while Lead may move in range of 110-114. Aluminum may move in

108. Zinc may move in range of 115-117. Nickel may move

670 in MCX. Copper prices slid on Monday along with

as economic data from China reinforced worries about

demand growth in the world's top consumer of industrial metals.

Copper prices slid on Monday along with Chinese equities as economic

data from China reinforced worries about demand growth in the world's

Crude oil may trade in range of 2870-2980 in MCX. Oil futures settled at

their lowest level in more than two weeks on Monday as data showing

expected industrial production in China and a decline for

Shanghai's stock market raised concerns that demand for crude from

largest consumer will weaken. The U.S. Federal Open

Market Committee meeting on Sept. 16-17 is expected to be the main

theme for financial markets this week and any fluctuations in the dollar

A strengthening of the U.S. dollar has generally

been bearish for oil prices. However, market expectations of a U.S.

rate increase this week have been tempered by the recent

turmoil in global markets and worries over economic growth.

Thursday. The Fed will announce its policy decision Thursday afternoon,

with market divided whether the central bank will raise interest rates. If

Base metals may continue to move in range as US retail sales data to give

117. Nickel may move

data from China reinforced worries about demand growth in the world's

largest consumer will weaken. The U.S. Federal Open

Page 3: Dailly commodity news latter 15 sep 2015

Technical

Out Look Gold

• Resistance: 26150 26300 26450• Support: 26000 25900 25750• Strategy: Sell On Rise

Silver

• Resistance: 35800, 36300,36900• Support: 35000, 34600,34000• Stratergy: Sell On Rise

Copper

• Resistance: 370, 374, 378• Support: 360, 357,355• Stratergy: Sell On Rise

Crude Oil

• Resistance: 2980, 3050, 3150• Support: 2900, 2860, 2800• Stratergy: Sell On Rise

Lead

• Resistance: 112.50, 113, 114.20• Support: 111, 110, 100.00• Stratergy: Buy On Dips

Zinc

• Resistance: 117.50, 118.50, 119.40• Support: 115.50, 114.50, 113.80 • Stratergy: Buy On Dips

Page 4: Dailly commodity news latter 15 sep 2015

International Market

Updates

Dow Jonse-16403

FTSE_100-6097

Hang_Seng-21515

Nikkei_225-18003

DAX_30-10154

CAC_40-4534

International Market

gold-

1107

Silver-

14.40

Copper-

2.4154

Crude oil-

44.23

Natural Gas-

2.752

EURUSD

1.1312

USDCHF

USDJPY

120.07

GBPUSD

1.5428

USDINR

EURUSD-

1.1312

USDCHF-

0.681

USDJPY-

120.07

GBPUSD-

1.5428

USDINR-

66.65

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