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Mcx daily report 14 dec

This Document is regarding Daily Mcx report.

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Mcx daily report 14 dec

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  1. Gold prices steady on Fed policy outlookuncertainty. Gold prices steadied on Friday, after slipping to a week-low in the previous session, supported by the uncertainty around the Federal Reserve's next year's policy outlook, while the dollar strengthened on expectations of a rate hike next week. The dollar firmed against major counterparts as investor focus shifted to an expected U.S. interest rate hike next week, although gains are likely to be capped on greater uncertainty about next year's policy outlook. Asian shares were on the defensive as investors kept a wary eye on economic tensions between Washington and Beijing, while the euro was steady after the European Central Bank halted new bond purchases as expected. The number of Americans filing applications for jobless benefits tumbled to near a 49-year low last week, which could ease concerns about a slowdown in the labour market and economy. The risk of a U.S. recession in the next two years has risen to 40 percent, according to a Reuter’s poll of economists who also found a significant shift in expectations toward fewer Federal Reserve interest rate rises next year. European Union leaders assured Prime Minister Theresa May on Thursday that the Brexit treaty she agreed last month but is struggling to get through UK parliament should not bind Britain forever to EUrules. New US-China trade hopes weighed on the US dollar index overnight and supported copperprices. London copper pared earlier gains to close at $6,153/mt on Thursday. The SHFE 1902 contract came off from a high of 49,440 yuan/mt overnight, ending at 49,260 yuan/mt. As the US dollar strengthened, copper prices are expected to remain rangebound at lows today. LME copper is likely to trade at $6,150-6,200/mt with the SHFE 1902 contract at 49,000-49,500 yuan/mt. Spot premiums are seen lower at 20-70yuan/mt. As the US dollar surged, LME nickel tumbled to closelower. London nickel initially fell to a low of $10,725/mt, just above the year-low of $10,720/mt on November 27. It then clawed back those losses to close 0.6% higher at $10,850/mt. The SHFE 1905 contract fluctuated to close 0.4% higher at 89,380 yuan/mt overnight. Market focus is largely attuned to the fundamentals as investors await an upcoming two-day meeting of the Federal Open Market Committee (FOMC), which is scheduled to take place on December 18-19. The recent improvement in spot trades limited losses in nickel prices. LME nickel is expected to hover around $10,800/mt today with the SHFE 1905 contract at 88,500-90,000 yuan/mt. Spot prices are seen at 89,000-96,500 yuan/mt. Oil prices fall as investors take profits amid China economyworries. Oil prices fell on Friday as investors cashed in gains of more than 2 percent made during the previous session on concerns demand may slump amid slowing economic growth, though there are still expectations for producer supply cuts to support prices. China, the world's second-largest economy and the largest crude importer, on Friday reported some of the slowest retail sales and industrial output growth in years for November, highlighting the risks of the country's trade dispute with the United States. Refinery throughput in November in China fell from October, which was the second-highest month on record, suggesting an easing in Chinese oil demand, though runs were 2.9 percent higher than a year earlier. Some support for prices remains because of the output cuts agreed between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers including Russia. That could create a supply deficit by the second quarter of next year, the International Energy Agency (IEA) said on Thursday. International benchmark Brent crude rose 2.2 percent on Thursday, while WTI climbed 2.8percent.

  2. CapitalStars Financial Research Pvt.,Ltd., 2 SEBI Registration Number: INA000001647 MCXDailyReport 14 DEC2018 CS ALUMINIUM (NOV)OVERVIEW: TREND :BEARISH RESIST 2:141.00 RESIST 1:139.00 SUP 1:137.00 SUP 2:135.00 WWW.CAPITALSTARS.COM+919977499927

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number: INA000001647 MCXDailyReport 14 DEC2018 Pick for the DAY • MCX Crude on Friday as seen in the Daily chart opened at 3713 levels and made day low of 3616 Levels. During this period Crude High is 3750 levels and finally closed at 3716 levels. Now, there are chances of down movement technically &fundamentally. • Oil prices fell on Friday as investors cashed in gains of more than 2 percent made during the previous session on concerns demand may slump amid slowing economic growth, though there are still expectations for producer supply cuts to support prices. • China, the world's second-largest economy and the largest crude importer, on Friday reported some of the slowest retail sales and industrial output growth in years for November, highlighting the risks of the country's trade dispute with the United States. • DAILY RECOMMENDATION: SELL MCX CRUDE DEC BELOW 3724 LEVELS FOR TARGET OF 3690/3655 WITH SL 37760 OF LEVELS.

  4. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number: INA000001647 MCXDailyReport 14 DEC2018 Disclaimer The information and views in this report & all the service we provide are believed to be reliable, but we do not accept any responsibility for errors of fact or opinion. Investors have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. My research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financialadviser. Capital Stars shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of regulators. The price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Investment & Trading in Securities Markets are always subjected to marketrisk. Capitalstars Financial Research Private Ltd., Reserves allRights. CONTACT US BRANCHOFFICE Capitalstars Financial Research Private Limited Forex TradingTips Stock MarketTips Share TipsExpert PLOT NO.32, MECHANIC NAGAR EXTENSION, IDA SCHEME NO.54, VIJAYNAGARINDORE REGISTEREDOFFICE PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR,INDORE Email :-backoffice@capiltalstars.in Report Is Checked By InvestmentAdvisor:

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