Friday 30 December 2016
Thursday 29 December 2016
RUPEE UP TO 15 PAISE AGAINST U.S DOLLAR
INTRADAY STOCK TIPS|RUPEE UP TO 15 PAISE AGAINST U.S DOLLAR:-
The Indian rupee higher by 15 paise on Friday at 67.95 per dollar versus previous close of 68.10/$.
On the global front, US dollar weakened against the basket of currencies, while yields on US 10yr bonds were also at two-week low.
Gold prices garnered impressive gains, hitting a two week, while silver regained US$16/oz mark. Recent volatility in the precious pack is quite surprising given the fact that trading conditions generally remain quiet at this time of the year. It seems that retracement in the greenback and escalating tensions between US and Russia has augmented the safe haven appetite for the precious pack.
On geopolitical front, Barack Obama administration announced that it is deporting 35 Russians on the suspicion of espionage and US government is also imposing sanctions on two Russian intelligence agencies. It will be interesting to now see what US President elect Trump intends to do on the same after he assumes power on January 20th. In physical markets, China’s gold imports from Hong Kong during November declined by 18% on mom basis, as Chinese regime is restricting import licenses in order to sustain foreign exchange reserves. Meanwhile, Shanghai Gold Exchange announced that it will limit the quantity of gold an investor can trade at one time in order to curb the volatility in prices.
The Indian rupee closed higher on Thursday on fresh selling of the US currency by banks and exporters. Besides, the dollar’s weakness against some currencies overseas and a better trend in the domestic equity market also supported the local currency.
The Indian Rupee closed higher by 14 paise at 68.10/$. The local unit hit a high of 68.37/$ and a low of 68.39/$ today.
The Reserve Bank of India’s (RBI) reference rate as on December 29, 2016, for the dollar stood at 68.12 while for the Euro it was 71.21. The RBI’s reference rate for the Yen stood at 58.41; reference rate for the Great Britain Pound (GBP) stood at 83.41.
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Wednesday 28 December 2016
Gold prices trade on firm ground
COMMODITY TIPS|GOLD PRICES TRADE ON FIRM GROUND:-
Gold prices are trading on a firm ground even though
the dollar gained against the euro, the yen, and the pound. The firming
up of the gold prices was helped by weakness in US equities and deadlock
over recapitalisation of an Italian bank. It is currently trading at Rs
27,300.
In terms of US macro numbers, metro area home prices increased modestly
in October, while consumer confidence data rose to its highest level in
15 years. On the negative side, pending home sales for November
contracted by 2.5% on mom basis. For the balance of this week, the
trading conditions are likely to remain uneventful given the lack of
market participation ahead of the year end.
The Chinese, a major consumer of gold, and a significant buyer of
dollars, in the past, told the media in Beijing that there could be
trade friction with the US after the appointment of Prof. Navarro, who
has been critical of Chinese trade practices as industrial policy
advisor.
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Tuesday 27 December 2016
Gold prices climb up
COMMODITY TIPS | GOLD PRICES CLIMB UP:-
Gold prices moved higher as it was at Rs 27,170, up 0.49%, while silver was trading at Rs 39,118, up 1.57%.
The development was aided by dull Japanese inflation numbers
and an impasse over re-capitalisation of the Italian third largest
bank. In Japan, the core CPI for November contracted by 0.4% on yoy
basis, the ninth consecutive decline, indicating that the economy is
still deprived of the impetus to attain BOJ’s inflation target rate of
2%.
Japanese household spending during November also witnessed an annual
contraction of 1.5%. With respect to the Italian banking situation, the
European Central Bank (ECB) stated that Italy’s Monte dei Paachi di
Siena has a capital shortfall of 8.8 bn euros, larger than the estimated
amount of 6.5 bn euros by Italian regulators.
On speculative front, CTF reported that funds/non-commercials trimmed
their net longs positions on COMEX Gold by 14,994 contracts during last
week. On outlook, not many changes are likely to emerge in terms of
price trend this week given the thin market participation and light
liquidity conditions ahead of the year end.
Earlier, the prices of gold and silver settled higher on Wall Street.
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Monday 26 December 2016
Silver could be new gold
COMMODITY TIPS | SILVER COULD BE NEW GOLD:-
PRICES MAY RISE 20% IN 2017
KOLKATA: Commodity experts and bullion traders feel that silver can trump gold in coming months as demand for the metal is increasing for solar panels and electronics sector. Demand for silver is increasing in the home décor and fashionable jewellery categories in the country which may push the price of the metal by almost 15-20% in 2017, feel the traders and analysts.
India had consumed around 7,000 tonnes of silver in 2015. Of this, 1,900 -2,000 tonnes were consumed by the industrial sector. In 2016, from January to July , imports of silver fell over half to 2,111 tonnes from 4,362 tonnes in the same period last year.
Bullion traders feel that this year the total import may not cross 5,000 tonnes as demand was low and traders, who had imported huge volumes of silver in past years, were offloading the metal in the market and booking profit.
“In 2015, rural India went through a drought and their purchasing power decreased sharply which has been reflected in this year's rural off-take of demand. But this year, rains have been good, and once the cash flow increases in the market, we see good demand to emerge for silver in rural India,“ said Surendra Mehta, general secretary, India Bullion & Jewellers Association (IBJA).
“We are expecting silver price to appreciate by 15 -20% next year,“ Mehta said.
Silver has gained 16% in 2016 in comparison to gold, which has appreciated 9% in the whole year. On Monday , silver was trading at `38,500 per kg.
Gnanasekar Thiagarajan, director, Comtrendz Risk Management Services, said: “Gold price has fallen since November 8. The price of silver, which also falls in the precious metal category , has dropped in tandem with gold but the decline in silver price is lesser than gold.But we have seen that when gold prices rally, silver prices outperform gold.
2017 is expected to be a good year for silver.Investors, who want to take a position in silver, can get good returns if they stay invested for a longer horizon.“ He pointed out that there is a fear in the mind of Indian consumers that government will put a cap on gold holdings.
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Sunday 25 December 2016
OMC investors to expect better Q3
COMMODITY TIPS | OMC INVESTORS TO EXPECT BETTER Q3:-
Oil price hikes give OMC investors to expect better Q3:-
ET Intelligence Group: The stocks of state-owned oil marketing companies (OMCs) are likely to end their sideways movement following expectations of good third-quarter results. OMCs have been able to increase fuel prices in higher steps in tandem with rising global crude oil prices during the quarter. This reassures investors that OMCs have sustained pricing power.
The international price of crude oil rose by $6 per barrel in the period considered for a price hike on November 29, which necessitated a steep rise in petrol and diesel prices in India.
Market trackers were closely watching whether OMCs were in a position to implement such a high increase in prices. The fact that such a steep rise was passed on to consumers shows the pricing power of OMCs and their ability to protect marketing margins. After the re cent price increase, marketing margins in December 2016 quarter averaged at `2.1 per li tre on diesel compared with `1.9 per litre in the previous quarter. For petrol, the margin was more or less stable at `1.8 per litre.
Every `1 change in petrol margin expands projected EPS by 6-15% for OMCs, while every 5% growth in petrol volume expands EPS by as much as 2%. In addition, India's fuel consumption growth remained robust at 7% and 12% in the first two months of the December quarter.This augurs well for OMCs. On the refining side, OMCs are likely to benefit from inventory gains due to rising oil prices during the December quarter and $1.8 per barrel improvement in the Singapore gross refining margin (GRM). ..
Crude oil has surged nearly $8barrel in the December quarter so far. In the June quarter, when crude had inched up $10barrel, Indian OilBSE -0.85 % had reported $6.4barrel of inventory gain, while HPCLBSE -0.43 % and BPCLBSE -0.90 % recorded $2barrel gain each. IOCBSE -0.85 % is likely to be the key beneficiary since it has higher inventory days due to more number of inland refineries compared with other OMCs which have refineries closer to coastal areas.
OMCs trade between 9.3x and 9.5x the FY18E earnings -less than 10% premium to their long-term average multiple. The expansion of valuations hinges on their ability to control prices. Also, the extent of earnings upgrades will depend on who will bear the burden of 0.75% cash discount offered by the government on digital payments at petrol pumps. If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, equity tips call @8109999233 or fill form http://equityresearchlab.com/Freetrial.php please drop your number for profit calls...?
Friday 23 December 2016
Commodity roundup: Sugar futures & lead plunges
COMMODITY TIPS | Commodity roundup: Sugar futures up 0.33%, lead plunges 0.63%:-
NEW DELHI: Sugar prices rose by 0.33 per cent to Rs 3,620 per quintal in futures trading on Friday as speculators built up fresh positions amid pick-up in demand in the spot market
At the National Commodity and Derivatives Exchange, sugar for delivery in far-month March 2017 was trading higher by Rs 12, or 0.33 per cent, to Rs 3,620 per quintal, with an open interest of 4,460 lots.
Analysts said, building up of positions by speculators on the back of upsurge in demand at the spot markets mainly attributed the rise in sugar prices at futures trade.
Crude palm oil
Crude palm oil prices declined by another 1.22 per cent to Rs 552.50 per 10 kg in futures today as participants engaged in reducing their positions, taking negative cues from spot market on sluggish demand.
Moreover, sufficient stocks following higher supplies from the producing belts too fuelled the downtrend.
At the Multi Commodity Exchange, crude palm oil for delivery in January moved down by Rs 6.80, or 1.22 per cent, to Rs 552.50 per 10 kg, in a business turnover of 641 lots.
Likewise, the oil for delivery this month weakened by Rs 4.80, or 0.85 per cent, to Rs 559 per 10 kg in 299 lots.
Market analysts said offloading of positions by traders due to muted demand in the spot market against adequate stocks position on increased supplies mainly kept crude palm oil prices lower at futures trade.
Refined soya oil
Continuing its falling streak for the third straight day, refined soya oil prices moved down by 1.11 per cent to Rs 703.70 per 10 kg in futures market as participants engaged in offloading their positions, tracking a weak trend at spot market on tepid demand.
Besides, adequate stocks position on increased supplies from producing regions also weighed on prices.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in February drifted lower by Rs 7.90, or 1.11 per cent, to Rs 703.70 per 10 kg, with an open interest of 26,220 lots.
Similarly, the oil for delivery in January declined by Rs 7.65, or 1.07 per cent, to Rs 706.20 per 10 kg in 50,900 lots.
Analysts said trimming of positions by traders on the back of subdued demand in the spot market against ample stocks position, mainly kept refined soya oil prices down at futures trade.
Lead
Continuing its losing streak for the fifth straight day, lead prices drifted further down by 0.63 per cent to Rs 143 per kg in futures market as participants engaged in reducing their positions amid low demand from consuming industries at spot market.
At the Multi Commodity Exchange, lead for delivery in December month fell 90 paise, or 0.63 per cent to Rs 143 per kg in business turnover of 139 lots.
Likewise, the metal for delivery in January contracts traded lower by 65 paise, or 0.45 per cent to Rs 143.90 per kg in 1 lot.
Analysts said that cutting down of positions by traders due to sluggish demand from battery-makers at the domestic spot markets, mainly kept lead prices lower at futures trade.
Wheat
Wheat prices were down by 0.25 per cent to Rs 1,985 per quintal in futures trade as traders trimmed their positions, triggered by ample stocks position at spot market against subdued demand.
At the National Commodity and Derivatives Exchange, wheat for delivery in January declined by Rs 5, or 0.25 per cent, to Rs 1,985 per quintal, with an open interest of 3,640 lots.
Analysts said, offloading of positions by participants amid sufficient stocks position in the physical market against lower demand from flour mills, mainly led to the decline in wheat prices at futures trade.
Crude oil
Crude oil futures declined by Rs 21 to Rs 3,586 per barrel after participants cut down bets in tune with a weak trend in Asian trade.
In futures trade at the Multi Commodity Exchange, crude oil for delivery in January 2017 shed Rs 21, or 0.58 per cent, to Rs 3,586 per barrel, with a business volume of 2,438 lots.
Oil prices for far-month February delivery moved down by Rs 20, or 0.54 per cent, to trade at Rs 3,657 per barrel with a business volume of 33 lots.
Marketmen said the fall in crude oil futures was mostly attributed to trimming of positions at futures trade in tandem with a weakening trend in Asian trade.
Meanwhile, West Texas Intermediate crude oil was down by 31 cents to USD 52.64, while Brent fell 29 cents to trade at USD 54.76 a barrel.
Nickel
Nickel futures traded 0.75 per cent lower at Rs 724.30 per kg today amid a weakening trend at the London Metal Exchange (LME) and sluggish demand from alloy-makers in the domestic spot market.
At the Multi Commodity Exchange, nickel for delivery in current month shed Rs 5.50, or 0.75 per cent, to Rs 724.30 per kg in a business turnover of 330 lots.
Metal for delivery in January 2017 was also trading lower by Rs 4.80, or 0.65 per cent, at Rs 730.40 per kg in a turnover of 63 lots.
Market analysts said that the fall in nickel prices at futures trade was mostly in tune with a weak trend at LME as most industrial metals retreated amid subdued demand from alloy-makers at domestic spot markets.
Zinc
Zinc prices fell by 0.76 per cent to 176.55 per kg in futures trade after speculators lightened their positions, tracking a weak global trend.
In futures trading at the Multi Commodity Exchange, zinc for delivery in the current month declined by Rs 1.35, or 0.76 per cent, to Rs 176.55 per kg, in a business turnover of 338 lots.
Likewise, the metal for delivery in January next year softened by Rs 1.25, or 0.70 per cent, to Rs 176.95 per kg in 21 lots.
Analysts said that the weakness in zinc at futures trade could be attributed to a muted trend in the base metals pack at the London Metal Exchange (LME).
Globally, zinc prices were down by 0.50 per cent at the LME.
Copper
Copper futures fell 0.45 per cent to Rs 374.85 per kg as speculators cut down positions amid weak trend in global markets.
Moreover, subdued demand at the domestic spot markets also put pressure on prices.
At the Multi Commodity Exchange, copper for delivery in February next year declined by Rs 1.70, or 0.45 per cent to Rs 374.85 per kg in a business turnover of 959 lots.
The metal for delivery in far-month April fell by Rs 1.55 or 0.41 per cent to Rs 378.50 per kg in a business volume of 2 lots.
Analysts said that a weak trend in copper and other industrial metals at the London Metal Exchange (LME) and muted demand from consuming industries at domestic spot markets, mainly weighed on metal prices at futures trade here.
Globally, copper for delivery in three-months fell 0.3 per cent at the LME.
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Thursday 22 December 2016
Coal production reaches 391.10 MTe, 1.6% overall growth
COMMODITY TIPS | COAL PRODUCTION REACHES:-
Coal production reaches 391.10 MTe, 1.6% overall growth recorded during Apr-Nov 2016
The actual revenue generated from these coal mines up to Oct’16 is Rs 2,779 crore (excluding Royalty, Cess and Taxes). The benefit to consumers in terms of reduction of electricity tariff from auction of 9 coal blocks to ‘Power’ Sector is likely to be about Rs 69,310.97 crore.
Wednesday 21 December 2016
Betting on MCX, IndusInd in long-term
COMMODITY TIPS | BETTING ON MCX, INDUSLND IN LONG-TERM:-
Betting on MCX, IndusInd in long-term: Milan Sharma, Rivergate Capital:-
What is your first rcommendation?
MCX. It is one of the leading players in commodities trading market. We saw majority of the shares with the company and I think this is one company which should do well in times to come based on couple of reasons.
One is that with recent demonetisation, we will see a lot of unorganised trade from the commodity market shifting to the organised trade and that will benefit MCX. And two, MCX is one company which has been recently granted by the options trading for the commodity market which is a huge area.
In India, we never had options in the commodities.. But I think with the approval in place, in times to come, we will have option in the commodity market and that will be a game changer for this company. So tomorrow options come on, the gold contracts as well as other commodity contracts are going to get huge fillip in volumes of the exchange. The third aspect is the agri side of it. MCX is focussing now more on the agri options and if agri options will come in place, then again that is a huge area.
Going forward in times to come, maybe in two to three years’ time, this can be a multibagger kind of story.
My second is a buy call on IndusInd BankBSE -1.05 %, a new generation private sector bank with almost 30% quarter-on-quarter growth. We have been seeing this bank from the last almost 16 quarters of consistent growth in the bank. The best part about this bank is that though it is a largecap bank, where all the other banks are suffering from the NPA problem, this is a bank which clearly stands out with gross and net NPA both less than 1%.
If you look in terms of the CASA deposits of the bank, a very healthy growth with 37% growth in the CASA ratio for this bank and NIM of around 4%. On all the parameters, if I compare this bank with another bank I think it stands out clearly and the way they have tried to build their bank in the retail side and that will also give benefits in the times to come.
Now talking on the corporate side they are best suited because they are trying to build their corporate banking book now in the times when the economy is almost on turnaround and they did not venture into corporate banking side aggressively as aggressive as ICICI BankBSE -0.39 % and other banks like Axis BankBSE -1.31 % who did and that is the reason why they settled with NPA of around 6-7% kind of things on their books.
This is one more advantage IndusIndBSE -1.05 % Bank -- great value unlocking in times to come when the corporate banking book builds up and that too on a cleaner note. So overall, this is the bank if one patiently holds for two to three years time. I think it can easily double to-- two to three times returns from these levels.
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Tuesday 20 December 2016
Dollar hits new 14-year high, Dow sets sights on 20,000
COMMODITY TIPS | DOLLAR HITS NEW 14-YEAR HIGH:-
The dollar hit a 14-year high on Tuesday as the yen fell after the Bank of Japan stuck to its ultra-loose monetary policy and the euro weakened following deadly attacks in Germany and Turkey. On Wall Street, the Dow appeared set for another run at 20,000 points, as concern after the attacks in Europe were offset by reassurance over Italy's plan to spend up to 20 billion euros (USD21 billion) to rescue its troubled banks.
On currency markets, a sense of caution after a truck ploughed into a Christmas market in Berlin, killing 12, sent the safe-haven Swiss franc towards a six-month high versus the euro and pushed the common currency firmly back below USD1.04. But the dollar and rising bond yields again dominated, after the head of the Federal Reserve flagged the strength of the U.S. jobs market in a speech to students on Monday. That sent the greenback up almost half a percent against a basket of major currencies to 103.65, its strongest since January 2003. Its gains were strongest against the yen, which slid around 1 percent after the Bank of Japan, shrugging off the yen's recent slump, said it would keep monetary policy loose. "The biggest impact you see from the attacks in Berlin and (Ankara) is the Swiss franc/euro," said Societe Generale FX strategist Alvin Tan. "But apart from that the dollar continues to be strong after we had some rather positive comments from Janet Yellen." Benchmark 10-year U.S government bond yields, which set the bar for global borrowing costs and have been rising hand-in-hand with the dollar over the last few months, were at 2.57 percent having earlier topped 2.58 percent. The greenback has risen 12 percent versus the yen since Donald Trump's surprise presidential election victory, on his promises of increased fiscal stimulus. The win was made official on Monday after he got the required Electoral College votes. FUNDAMENTALS Modest 0.3 percent gains for European shares [.EU] came after MSCI's broadest index of Asia-Pacific shares outside Japan had ended down 0.3 percent due fifth straight day of losses for emerging markets stocks. China's CSI 300 index slid 0.6 percent, on Beijing's move to tighten supervision of shadow banking activities and on liquidity concerns, while Japan's Nikkei closed up 0.5 percent after a late BOJ-linked rally. "There was no particular surprise from the policy meeting, but investors are happy that the economy's fundamentals are finally rising after the BOJ expressed an upbeat view," said Takuya Takahashi, a strategist at Daiwa Securities. Wall Street was expected to nudge higher having tailed off slightly on Monday as risk aversion set in following the deaths in Germany, the shooting dead of Russia's ambassador in Turkey, and a gun attack in a mosque in Switzerland. Chancellor Angela Merkel said of the attack in Berlin: "There is much we still do not know with sufficient certainty but we must, as things stand now, assume it was a terrorist attack." The lira initially rallied on relief that Moscow and Ankara struck a unified tone after the Ankara attack, but took a dive after the country's central bank unexpectedly kept interest rates on hold having been widely forecast to raise them. The currency has lost 17 percent of its value against the dollar this year, hit by investor concerns about a crackdown by authorities in the aftermath of a failed coup in July and by a resurgent dollar following Donald Trump's U.S. election win. The rouble though was up at 61.6554 per dollar and safe haven gold, which rose 0.4 percent on Monday, pulled back 0.7 percent to USD1,130 an ounce, as the prospect of further U.S. rate hikes outweighed political concerns. Oil prices also rose as traders positioned for weekly U.S. crude oil inventories. Analysts polled by Reuters expected them to show a draw of 2.4 million barrels in the week ending Dec. 16. U.S. crude was at USD52.45 per barrel and global benchmark Brent rose to USD55.50 after Russia's energy minister was also quoted saying the country may extend a production cut beyond the first half of next year if needed.
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Monday 19 December 2016
Oil Service Stocks to Buy
COMMODITY TIPS | OIL SERVICE STOCKS TO BUY ON A BOOMING U.S RIG COUNT:-
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. BHI reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country) – the twenty-second increase in 25 weeks. This can be attributed to addition in the tally of oil-directed rigs as commodity price ticks up and efficiencies improve.
Analysis of the Data
Weekly Summary: Rigs engaged in exploration and production in the U.S. totaled 637 for the week ended December 16, 2016. This was up by 13 from the previous week’s rig count and continues the trend of recent increases that has only been snapped thrice since June. Since plunging to an all-time low of 404 in May, rig counts have generally been rising over the past 7 months, with the addition of a flood of new units into an improving commodity price environment.
Oils-Energy Sector 5YR % Return
Oils-Energy Sector 5YR % Return
This steady climb has boosted the current nationwide rig count closer to the prior-year level of 709. It rose to a 22-year high in 2008, peaking at 2,031 in the weeks ending August 29 and September 12.
For the week under review, the rig count was lifted entirely by units engaged in land operations, which rose by 13 to 614. Meanwhile, inland waters activity and offshore drilling remained steady at 1 and 22 units, respectively.
Oil Rig Count: The oil rig count – that bottomed at a 6-year low of 316 in May 2016 – improved further (by 12) to 510. All of the growth came in West Texas’ Permian Basin, which now accounts for 258 rigs, or more than half of all the nation’s oil rigs.
With the Permian shale producing region continuing to see large increases in the rig count, the number of active domestic oil units have gone up in twenty-six of the last 28 weeks. As a result of this sustained gain, the current tally is now the highest in 11 months. Nevertheless, they are still below the previous year’s rig count of 541 and only about 32% of the peak of 1,609 in Oct 2014.
Natural Gas Rig Count: The natural gas rig count – which plunged to their lowest level on record in Aug – inched up for the thirteenth time in 16 weeks to 126 (a gain of 1 rig from the previous week). Still, as per the most recent report, the number of natural gas-directed rigs are languishing 92% below the all-time high of 1,606 reached in late summer 2008. In the year-ago period, there were 168 active natural gas rigs.
Miscellaneous Rig Count: The miscellaneous rig count (primarily drilling for geothermal energy) at 1 remained unchanged from the previous week.
Rig Count by Type: The number of vertical drilling rigs increased by 1 to 71, while the horizontal/directional rig count (encompassing new drilling technology that has the ability to drill and extract gas from dense rock formations, also known as shale formations) was up by 12 to 566. In particular, horizontal rig units jumped by 9 from last week’s level to 512 – up by 63% since the bottom in late May 2016.
Gulf of Mexico (GoM): The GoM rig count was flat at 22 – all of these oil-directed.
Conclusion: Good Time to Add Oil Service Stocks: The Baker Hughes data, issued since 1944 at the end of every week, acts as an important yardstick for energy service providers in gauging the overall business environment of the oil and gas industry.
This generates considerable excitement among energy investors and has long been deployed to help predict future oil and gas production. When number of rigs increase, as is the case now, additional wells are drilled. This means new oil and gas are discovered, and ultimately production picks up.
In essence, a rise in the Baker Hughes rotary rig count positively weighs on the demand for energy services – drilling, completion, production, etc. At this juncture, adding a few of these stocks to your portfolio might as well make for a prudent option,
How to Identify Outperformers?
With a wide range of energy firms thronging the investment space, it is by no means an easy task for investors to arrive at stocks that have the potential to deliver attractive returns. While it is impossible to be sure about such outperformers, this is where the Zacks Rank, which justifies a company’s strong fundamentals, can come in really handy.
If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, equity tips call @8370098946 or fill form http://equityresearchlab.com/Freetrial.php please drop your number for profit calls...?
MCX TIPS | BULLION TIPS | BASE METAL TIPS | COMMODITY MARKET TIPS: Donald Trump causing a rare trend in commodities
MCX TIPS | BULLION TIPS | BASE METAL TIPS | COMMODITY MARKET TIPS: Donald Trump causing a rare trend in commodities: COMMODITY TIPS | CAUSING A RARE TREND IN COMMODITIES:- One of the fundamental dynamics of commodities markets has being turned upsi...
Donald Trump causing a rare trend in commodities
COMMODITY TIPS | CAUSING A RARE TREND IN COMMODITIES:-
One of the fundamental dynamics of commodities markets has being turned upside down, thanks in part to Donald Trump.
Industrial
metals prices and the dollar are rising in tandem on expectations that
US economic growth and inflation will accelerate during Trump's
presidency.
Usually,
they move in the opposite direction as the dollar's strength makes
commodities, which are mostly denominated in the currency, more
expensive for buyers outside the US.
The
trend is so rare that it's only happened a handful of times in the past
decade, and it's one of the many reasons that mining companies such as
Glencore are rebounding. The commodities giant is benefiting from lower
costs and higher metal prices at its zinc operations, and is on track to
resume paying dividends next year as part of a broader turnaround plan.
"Post-election, we've seen markets rotate away from defensive investments, seeking growth," Tom Price, a metals analyst at Morgan Stanley, said. "The US dollar's lifted, and so has demand for dollar-priced assets like commodities."
The
Federal Reserve said on Wednesday that inflation expectations have
tightened and conditions in the labour market are strengthening.
Trump has pledged to enact growth-fuelling tax cuts and infrastructure spending after being sworn into office.
Another
factor: Chinese investors are buying dollarpriced commodities like
copper and zinc as a hedge against yuan depreciation, strengthening the
correlation between metal prices and the dollar, JPMorgan Chase analysts
said in a Dec 2 note.
Industrial metals prices and the dollar are rising in tandem on expectations that US economic growth and inflation will accelerate during Trump's presidency.
Usually, they move in the opposite direction as the dollar's strength makes commodities, which are mostly denominated in the currency, more expensive for buyers outside the US.
The trend is so rare that it's only happened a handful of times in the past decade, and it's one of the many reasons that mining companies such as Glencore are rebounding. The commodities giant is benefiting from lower costs and higher metal prices at its zinc operations, and is on track to resume paying dividends next year as part of a broader turnaround plan.
"Post-election, we've seen markets rotate away from defensive investments, seeking growth," Tom Price, a metals analyst at Morgan Stanley, said. "The US dollar's lifted, and so has demand for dollar-priced assets like commodities."
The Federal Reserve said on Wednesday that inflation expectations have tightened and conditions in the labour market are strengthening.
Trump has pledged to enact growth-fuelling tax cuts and infrastructure spending after being sworn into office.
Another factor: Chinese investors are buying dollarpriced commodities like copper and zinc as a hedge against yuan depreciation, strengthening the correlation between metal prices and the dollar, JPMorgan Chase analysts said in a Dec 2 note.
If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, equity tips call @8370098946 or fill form http://equityresearchlab.com/Freetrial.php please drop your number for profit calls...?
Friday 16 December 2016
Goldman Sachs to settle U.S. rate-rigging lawsuit for $56.5 mln
COMMODITY TIPS | GOLDMAN SACHS TO SETTLE U.S. RATE-RIGGING:-
NEW YORK (Reuters) – Goldman Sachs Group Inc has agreed to pay $56.5 million (45.22 million pounds) to resolve a U.S. class action lawsuit accusing it and other banks of rigging an interest rate benchmark used in the $553 trillion derivatives market.
The proposed settlement was disclosed in papers filed in
federal court in Manhattan on Friday. It came after seven other banks
agreed in May to pay a combined $324 million to resolve the litigation.
As part of the deal, Goldman has also agreed to provide lawyers for the plaintiffs evidence including transaction data, documents and witness interviews, which could be used in litigations against the remaining banks, the court papers said.
Neither a spokesman for Goldman Sachs nor a lawyer for the plaintiffs immediately responded to a request for comment late on Friday.
The case is one of many pending in Manhattan federal court accusing banks of conspiring to rig rate benchmarks, securities prices or commodities prices.
In the lawsuit, several pension funds and municipalities accused 14 banks, including those that settled, of conspiring to rig the “ISDAfix” benchmark for their own gain from at least 2009 to 2012.
Companies and investors use ISDAfix to price swaps transactions, commercial real estate mortgages and structured debt securities.
The lawsuit accused the banks of executing rapid trades before the rate was set each day. It said the banks also caused UK brokerage ICAP Plc to delay trades until they moved ISDAfix where they wanted, and post rates that did not reflect market activity.
U.S. and European regulators have also examined whether ISDAfix was set properly. The U.S. Commodity Futures Trading Commission has secured settlements of $115 million with Barclays Plc in May 2015 and $250 million with Citigroup Inc in May 2016.
To date in the class action, seven other banks have settled, including JPMorgan Chase & Co, Bank of America Corp, Credit Suisse Group AG and Deutsche Bank AG.
The remaining defendants are BNP Paribas SA, HSBC Holdings Plc, Morgan Stanley, Nomura Holdings Inc<8604.T>, UBS AG , Wells Fargo & Co and ICAP, lawyers for the plaintiffs said.
The case is Alaska Electrical Pension Fund et al v. Bank of America Corp et al, U.S. District Court, Southern District of New York, No. 14-07126.
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तेल की कीमतों में बढ़त के रूप में कुवैत अधिक से अधिक की उम्मीद से आपूर्ति में कटौती
COMMODITY TIPS | तेल की कीमतों में बढ़त:-
सिंगापुर: तेल की कीमतों में शुक्रवार को धार के बाद बाजार सूत्रों ने कहा कि कुवैत ग्राहकों को यह शुरू में जनवरी से तेल उत्पादकों द्वारा एक समन्वित प्रयास एक वैश्विक भरमार के निकास के लिए के हिस्से के रूप में उम्मीद से ज्यादा की आपूर्ति काट रहा था कहा था।
अंतर्राष्ट्रीय ब्रेंट कच्चा तेल वायदा कीमतों उनके अंतिम निपटान से 0114
जीएमटी पर प्रति बैरल $ 54,22 पर कारोबार कर रहे थे, 20 सेंट, या 0.37
प्रतिशत तक।
अमेरिका वेस्ट टेक्सास इंटरमीडिएट (डब्ल्यूटीआई) क्रूड वायदा 24 सेंट, या 0.47 प्रतिशत प्रति बैरल $ 51,14 में थे।
थोड़ा उच्च कीमतों के बाद कुवैत, पेट्रोलियम निर्यातक देशों के संगठन (ओपेक) के एक सदस्य, जनवरी से ग्राहकों है कि यह आपूर्ति में कटौती करेगा अधिसूचित रूस के नेतृत्व में ओपेक और अन्य निर्माताओं द्वारा एक प्रयास लगभग 1.8 से उत्पादन में कटौती के हिस्से के रूप में आया आदेश में प्रति दिन (बीपीडी) एक लाख बैरल ईंधन की आपूर्ति की अधिकता है कि दो साल से अधिक के लिए बाजार हठी है कम करने के लिए।
कुवैत पेट्रोलियम कॉरपोरेशन (केपीसी) पहले से ही मंगलवार को कहा कि यह आधिकारिक तौर पर एक कटौती के अपने ग्राहकों को अपने संविदात्मक कच्चे तेल की आपूर्ति में जनवरी के लिए ओपेक के साथ एक समझौते के साथ अधिसूचित किया था, लाइन में उत्पादन कम करने के लिए।
बाजार सूत्रों ने कहा कि बाजार की कीमतों गुलाब के रूप में केपीसी से अधिक के शुरू में उम्मीद की आपूर्ति में कटौती किए जाने की दिखाई दिया।
के रूप में उभरा है कि खबर कुवैत अमेरिका और यूरोपीय ग्राहकों के लिए बड़ा उत्पादन में कटौती कर रही हो करने के लिए कहा गया था कीमतों में बरामद, "एएनजेड बैंक ने शुक्रवार को कहा।
अधिकांश निर्यातकों एक तथाकथित परिचालन सहिष्णुता है जिसके तहत वे कम करने या कम नोटिस के साथ ग्राहकों को अपनी अनुबंधित निर्यात में वृद्धि कर सकते है।
बाजार सूत्रों ने कहा कि केपीसी ग्राहकों है कि यह परिचालन सहिष्णुता परे आपूर्ति काट रहा था सूचित किया था।
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Thursday 15 December 2016
Wednesday 14 December 2016
MCX TIPS | BULLION TIPS | BASE METAL TIPS | COMMODITY MARKET TIPS: The Indian rupee opened lower at 67.76 per dollar
MCX TIPS | BULLION TIPS | BASE METAL TIPS | COMMODITY MARKET TIPS: The Indian rupee opened lower at 67.76 per dollar: COMMODITY TIPS | THE INDIAN RUPEE OPENED LOWER:- The Indian rupee opened lower at 67.76 per dollar versus previous close of 67.43. ...
The Indian rupee opened lower at 67.76 per dollar
COMMODITY TIPS | THE INDIAN RUPEE OPENED LOWER:-
The Indian rupee opened lower at 67.76 per dollar versus previous close of 67.43. Indian Rupee opened down 33 paise after the hawkish US Federal Reserve hiked interest rate.
US dollar index regained lost ground after Janet Yellen news conference. The greenback ascended primarily against Yen and Euro, with values now hovering around 117 and 1.05 respectively. Nonetheless, Sterling is holding ground.
In the emerging market space, the pain is expected to intensify, with Yuan, Mexican Peso and Indonesian Rupiah being vulnerable.
The Reserve Bank of India’s (RBI) reference rate as on December 14, 2016, for the dollar stood at 67.56 while for the Euro it was 71.91. The RBI’s reference rate for the Yen stood at 58.66; reference rate for the Great Britain Pound (GBP) stood at 85.54.
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Tuesday 13 December 2016
Share ERL 14-12-2016 DERIVATIVE REPORT.pdf - 676 KB
Share ERL 14-12-2016 DERIVATIVE REPORT.pdf - 676 KB
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Commodities: Crude oil futures fall
COMMODITY TIPS | CRUDE OIL FUTURES FALL:-
NEW DELHI: Crude oil futures fell 0.98 per cent to Rs 3,553 per barrel, in line with a weak trend in Asian trade, as speculators cut down their bets.
Crude oil for delivery in current month was trading lower by Rs 35, or 0.98 per cent, at Rs 3,553 per barrel, with a business volume of 2,704 lots at Multi Commodity Exchange (MCX)
Also, oil prices for January shed Rs 31, or 0.85 per cent, at Rs 3,627 per barrel, with a business volume of 166 lots.
Traders said the fall in crude oil futures is mostly in tandem with a weak trend in Asian trade today as investors locked in profits after two days of strong gains following a landmark deal by Russia and other non-OPEC producers to join the cartel in capping output.
Meanwhile, West Texas Intermediate fell 0.23 per cent, to USD 52.71 and Brent was trading 0.05 per cent down at USD 55.66 a barrel.
Lead
Taking weak cues from the global market and sluggish domestic demand, lead fell 0.44 per cent to Rs 157.30 per kg in futures trade as speculators cut down bets.
At the Multi Commodity exchange, lead for delivery in January 2017 contracts was trading 70 paise down, or 0.44 per cent, at Rs 157.30 per kg in a business turnover of three lots.
Metal prices for delivery in December also fell by 65 paise, or 0.41 per cent, to Rs 156.60 per kg in 218 lots.
Market analysts said apart from slackened demand from battery-makers in the domestic spot market, a weak trend in base metals overseas led to the fall in lead futures prices here.
Zinc
Zinc futures fell 0.73 per cent as participants cut down bets and booked profits at current levels amid a weak trend in select base metals in the global market.
At the Multi Commodity Exchange, zinc for delivery in current month contracts was trading lower by Rs 1.35, or 0.73 per cent, to Rs 182.60 per kg, with a business turnover of 535 lots.
The metal for delivery in January next year fell Rs 1.20, or 0.65 per cent, to Rs 183.10 per kg in ..
Nickel
Amid pick-up in demand from alloy-makers at domestic spot markets, nickel prices edged higher by 0.34 per cent to Rs 765.30 per kg in futures trade as speculators raised their bets.
At the Multi Commodity Exchange, nickel for delivery in current month was trading higher by Rs 2.60, or 0.34 per cent, to Rs 765.300 per kg in a business turnover of 302 lots.
Analysts attributed the rise in nickel prices in futures trade to fresh buying by par ..
Copper
Copper futures traded 0.49 per cent lower at Rs 389.40 per kg as speculators trimmed their positions amid a weak trend in global markets.
Moreover, muted demand in domestic spot markets also put pressure on prices.
At the Multi Commodity Exchange, copper for delivery in February declined by Rs 1.90, or 0.49 per cent, to Rs 389.40 per kg in a business turnover of 1,179 lots.
The metal for delivery in far-month April too fell by Rs 1.80, or 0.46 per cent, to Rs 393.10 per kg in a business volume of 12 lots.
Analysts said a weak trend in most industrial metals at the London Metal Exchange (LME) as investors took profits from gains made last week on renewed signs of economic recovery in world's top consumer China and muted demand at the domestic spot markets, mainly weighed on copper futures here.
Globally, copper for three-month delivery closed down 1 per cent at USD 5,768 per tonne at the LME.
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Monday 12 December 2016
Indian rupee opened marginally lower
COMMODITY TIPS | INDIAN RUPEE OPENED MARGINALLY LOWER AT 67.47 PER DOLLAR:-
The Indian rupee opened marginally lower at 67.47 per dollar on Tuesday versus 67.42 on Friday.
Yuan remains under pressure, failing to capitalise from moderate
softness in US dollar. Investors remain apprehensive regarding Donald
Trump’s aggressive stance on China. Moreover, the President-elect has
re-ignited controversy by directly interacting with Taiwanese
authorities and giving birth to speculation regarding the end to US’s
“One-China” policy. Meanwhile, Turkish Lira tumbled as the country’s
economy contracted for the first time since 2009.
The Reserve Bank of India’s (RBI) reference rate as on December 09, 2016, for the dollar stood at 67.58 while for the Euro it was 71.76. The RBI’s reference rate for the Yen stood at 59.06; reference rate for the Great Britain Pound (GBP) stood at 85.12.
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Sunday 11 December 2016
COMMODITY TIPS - Weekly Outlook: December 12 - 16
COMMODITY TIPS - Weekly Outlook: December 12 - 16:-
Investing.com - Oil prices climbed on Friday ahead of a weekend meeting of the Organization of the Petroleum Exporting Countries and non-OPEC producers to finalize the details of a planned output cut.
U.S. crude oil settled up 65 cents or 1.28% at $51.49 a barrel from its previous close on the New York Mercantile Exchange.
Global benchmark Brent futures were at $54.36 a barrel, up 47 cents or 0.87% on London’s ICE Futures Exchange.
Oil prices have climbed above $50 a barrel since OPEC agreed on its first production cut since 2008, aimed at reining in massive oversupply that has seen prices more than halve since mid-2014.
The deal will see the group slash output by 1.2 million barrels per day from January 1.
On Saturday, major oil producers reached agreement on a deal which will see non-OPEC members cut output by an additional 558,000 bpd. Of that, Russia will cut 300,000 bpd.
This is short of the initial target of 600,000 bpd, but it is still the largest output cut by non-OPEC nations ever.
While the output cut agreement has boosted oil prices, some remain skeptical on the ability of major producers to adhere to output limits.
Meanwhile, Reuters reported Sunday that oil production by Saudi Arabia rose to a new record high in November.
OPEC and Russia have already reported that output hit record highs since the deal was announced, adding to fears that the global supply overhang could persist well into 2017.
Some analysts have also warned that the cuts are likely to cause other producers, particularly U.S. shale drillers, to quickly ramp up output as prices rise.
In the week ahead, markets will focus their attention on the implementation and impact of the OPEC agreement. Traders will also be watching U.S. stockpile data on Tuesday and Wednesday for fresh supply-and-demand signals.
Ahead of the coming week, Investing.com has compiled a list of these and other significant events likely to affect the markets.
Tuesday, December 13
The American Petroleum Institute, an industry group, is to publish its weekly report on U.S. oil supplies.
Wednesday, December 14
The U.S. Energy Information Administration is to release weekly data on oil and gasoline stockpiles.
Friday, December 16
Baker Hughes will release weekly data on the U.S. oil rig count.
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