dailly commodity news latter 14 aug 2015
DESCRIPTION
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Daily commodity News Latter
U.S. adds 173,000 jobs in August
as unemployment falls to seven
year low
2015
Capital Life
Market Research
9/14/2015
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
Bullion:
Base Metals:
Energy:
Gold fell to a one-month low on Friday, heading for a third successive
weekly loss, as uncertainty over the timing of the U.S. Federal Reserve's
first interest rate increase in nearly a decade weighed on appetite for
the metal. Prices went down 2 percent t
weakest level since August 11 at $1,099.05 an ounce on Wednesday.
Traders are awaiting the Fed's next policy statement on Sept. 17 for
clues on the timing of a U.S. interest rate rise, before taking any big
positions in gold. The dollar edged up 0.1 percent against a basket of
currencies on Friday. Global stocks slipped into the red but remained on
track for their biggest weekly gain in eight as investors grappled with
the possibility of U.S. interest rates rising next week.
Copper traded sluggish on Friday on persistent fears of a hard landing in
top consumer China and a possible U.S. rate rise next week, but the
metal still set its biggest weekly gain since May thanks to output cut
announcements. Copper hit a seven
an announcement by commodities giant Glencore that
400,000 tonnes of output over the next 18 months. U.S.
became the first big miner to cut output last month. But weighing on
investor nerves again was China, Copper hit a seven
week, mostly due to an announcement by commodities giant Glencore
that it plans to cut 400,000 tonnes of output over
Crude oil may trade on negative zone in range of 2950
Crude futures fell 2 percent or more on Friday after influential Wall
Street trader Goldman Sachs cut its outlook on oil, but positive
sentiment from rebounding U.S. stock prices and less drilling for oil
helped the market pare losses. Global benchmarks for crude oil fell more
than 3 percent initially on the Goldman announcement, then pared
losses as stocks on Wall Street rebounded and news of a lower U.S. oil
rig count emerged. But toward the close, they headed lower again before
finishing off their lows.
month low on Friday, heading for a third successive
weekly loss, as uncertainty over the timing of the U.S. Federal Reserve's
first interest rate increase in nearly a decade weighed on appetite for
the metal. Prices went down 2 percent this week, and touched their
weakest level since August 11 at $1,099.05 an ounce on Wednesday.
Traders are awaiting the Fed's next policy statement on Sept. 17 for
clues on the timing of a U.S. interest rate rise, before taking any big
e dollar edged up 0.1 percent against a basket of
currencies on Friday. Global stocks slipped into the red but remained on
track for their biggest weekly gain in eight as investors grappled with
the possibility of U.S. interest rates rising next week.
Copper traded sluggish on Friday on persistent fears of a hard landing in
p consumer China and a possible U.S. rate rise next week, but the
metal still set its biggest weekly gain since May thanks to output cut
announcements. Copper hit a seven-week high this week, mostly due to
an announcement by commodities giant Glencore that it plans to cut
400,000 tonnes of output over the next 18 months. U.S.-listed Freeport
became the first big miner to cut output last month. But weighing on
Copper hit a seven-week high this
week, mostly due to an announcement by commodities giant Glencore
that it plans to cut 400,000 tonnes of output over the next 18 months.
Crude oil may trade on negative zone in range of 2950-3070 in MCX.
Crude futures fell 2 percent or more on Friday after influential Wall
ut its outlook on oil, but positive
sentiment from rebounding U.S. stock prices and less drilling for oil
helped the market pare losses. Global benchmarks for crude oil fell more
than 3 percent initially on the Goldman announcement, then pared
ocks on Wall Street rebounded and news of a lower U.S. oil
rig count emerged. But toward the close, they headed lower again before
currencies on Friday. Global stocks slipped into the red but remained on
Copper traded sluggish on Friday on persistent fears of a hard landing in
helped the market pare losses. Global benchmarks for crude oil fell more
rig count emerged. But toward the close, they headed lower again before
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: 113.50, 114, 115.20• Support: 112, 111, 110.00• Stratergy: Buy On Dips
Zinc
• Resistance: 121.50, 122.50, 123.40• Support: 119.50, 118.50, 117.80 • Stratergy: Buy On Dips
International Market
Updates
Dow Jonse-16217
FTSE_100-6072
Hang_Seng-20640
Nikkei_225-17460
DAX_30-10109
CAC_40-4540
International Market
gold-
1120
Silver-
14.50
Copper-
2.334
Crude oil-
44.35
Natural Gas-
2.681
EURUSD
1.1217
USDCHF
0.9711
USDJPY
119.44
GBPUSD
1.5382
USDINR
EURUSD-
1.1217
USDCHF-
0.9711
USDJPY-
119.44
GBPUSD-
1.5382
USDINR-
66.87
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