COMMODITIES: WTI Oil prices rose by 4.2% whereas, Gold and Silver prices also gained by 2% an 5% respectively
AHMEDABAD, 19 FEBRUARY: Commodity counters gained after Axios reported that US President Donald Trump is moving closer to a full blown conflict with Iran as the U.S. is increasingly preparing for a major military confrontation with Iran amid stalled diplomacy and a significant regional military buildup. The live fire drills and rhetoric from both sides underscores the volatile environment as US is unlikely to accept the conditions put forth by Iran during the second round of talks that concluded in Geneva. In reaction to the report, WTI Oil prices rose by 4.2% whereas, Gold and Silver prices also gained by 2% an 5% respectively. Meanwhile, comments from the White house economic advisor that he sees further room for rate cuts also supported bullish sentiments across asset classes. Finally, the Fed minutes released last night has shown that almost all participants supported the decision to hold interest rates steady.
| GOLD SPOT: | $4972.67 (-0.1%) |
| SILVER SPOT: | $77.32 (+0.10%) |
| WTI OIL: | $65.19 (+0.40%) |
| US Nat. gas: | $2.97 (+1.5%) |
| US Copper: | $5.83 (+0.1%) |
Currencies offshore
| US DOLLAR: | 97.68 |
| USDINR: | 90.75 |
| EURINR: | 107.06 |
| GBPINR: | 122.45 |
Comments from US President regarding the progress of talks with Iran will be crucial for market direction. US economic data and comments from Fed members will also provide cues for traders today.
Economic data & events:
| 7;00PM | US Unemployment Claims (F: 223K P: 227K) |
| 7:00PM | US Philly Fed Manufacturing Index (F: 7.5 P: 12.6) |
| 7:00PM | US FOMC Member Bowman Speaks |
| 8:30PM | US Pending Home Sales m/m (F: 1.4% P: -9.3%) |
| 9:00PM | US Natural Gas Storage (P: -249B) |
| 10:30PM | US Crude Oil Inventories (F: 2.3M P: 8.5M) |
(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)
(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)
