US will be ready to begin a war on Iran by Saturday
MUMBAI, 20 FEBRUAY: Asset classes traded with a negative bias after US and Iran tensions rose as reports suggested that the US is preparing to launch an attack on Iran this weekend. Investors flocked towards the US Dollar sending the greenback to highest level in 4-weeks. The gains in the Dollar triggered selling in commodity counters including Bullions. As per the latest report by telegraph the US will be ready to begin a war on Iran by Saturday, citing defense officials who briefed President Donald Trump. Markets will now wait to see whether the US goes ahead with full scale attack or only a limited operation to force Iran to negotiate a nuclear deal.
COMMODITIES
| GOLD SPOT: | $5002.2 (+0.05%) |
| SILVER SPOT: | $78.34 (-0.20%) |
| WTI OIL: | $66.71 (+0.10%) |
| US Nat. gas: | $2.94 (+0.6%) |
| US Copper: | $5.8 (+0.01%) |
Currencies offshore
| US DOLLAR: | 97.98 |
| USDINR: | 91.00 |
| EURINR: | 107.01 |
| GBPINR: | 122.29 |
Any major escalation will trigger strong gains in Bullions and Oil prices but a jump in the US Dollar is likely to keep a check on gains. Although the geopolitical scenario is likely to dominate sentiments the US GDP and PCE inflation data will also be important cues for the commodity markets.
Economic data & events:
| 7;00PM | US Advance GDP q/q (F: 3.0% P: 4.4%) |
| 7:00PM | US Advance GDP Price Index q/q (F: 2.9% P: 3.8%) |
| 7:00PM | US Core PCE Price Index m/m (F: 0.3% P: 0.2%) |
| 8:15PM | US Flash Manufacturing PMI (F: 52.4 P: 52.4) |
| 8:15PM | US Services PMI (F: 53.0 P: 52.7) |
| 8:30PM | US New Home Sales (F: 732K) |
| 8:30PM | US Inflation Expectations (P: 3.5%) |
(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.)
