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Mcx Daily Report

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Mcx Daily Report

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  1. GoldPricesMayFallifPCEDataPutsFed OutlookBackinFocus. Gold prices marked time Wednesday, managing a narrow retracement following the prior day’s weakness but falling short of substantive trend development. Perhaps tellingly, it was unable to capitalize even as cross-winds from a Brexit-inspired GBP/USD rally weighed on the US Dollar. The greenback’s weakness is typically a boon for theanti-fiatyellowmetal.Looking ahead,theFed’sfavoredPCEgaugeofUSinflationisinfocus.The coreon-year price growth rate is expected to return to target at 2 percent having narrowly fallen short of it in the past three months. Anything short of an improbably dramatic deviation from forecasts seems unlikely to materially alter the monetary policy outlook. It might still remind investors of the US central bank’s hawkish disposition, boosting the US Dollar and thereby weighing on raw materialsprices. Copperwillcontinuetorunbullishinshortperiod. While most base metals stopped or slowed their declines as risk aversion eased, the market expects to see limited upward momentum. LME copper traded between the 10- and 40-day moving averages overnight, and the SHFE 1810contractincheddownto closeat48,800yuan/mt.Spotpremiumsareexpectedtolowerto50-100yuan/mtas downstream consumers hesitated on higheroffers. LMEnickel extended its losses during the European trading period. LME nickel extended its losses during the European trading period and closed Wednesday at $13,450/mt. The SHFE 1811 contract came off to a low of 109,520 yuan/mt after it initially jumped past 110,000 yuan/mt. It then rebounded to its daily moving average and ended overnight at 109,920 yuan/mt. We expect nickel prices to trade range bound with LME nickel hovering around $13,450/mt today. The SHFE 1811 contract is likely to trade at 109,000-110,500 yuan/mttodaywithspotpricesat109,000-112,000yuan/mt. OilpricesedgeupondeclineinU.S.fuelinventories,loomingIransanctions. Oil prices inched up on Thursday, extending solid gains from the previous session on a fall in U.S. crude inventories and expected disruptions to supply from Iran and Venezuela. The rises came after crude hit multi-week highs during the previous session. Commercial crude inventories USOILC=ECI fell by 2.6 million barrels in the week toAug. 24, to 405.79 million barrels. U.S. production C-OUT-T-EIA was flat from the previous week's record 11 million barrels per day (bpd). prices rose on the back of an unexpected U.S. inventory draw, the second week in a row of declines, together with gasoline demand reaching a record high," said William O'Loughlin, investment analyst at Australia's RivkinSecurities.

  2. CapitalStars Financial Research Pvt.,Ltd., 2 SEBI Registration Number: INA000001647 MCXDailyReport 30 Aug2018 CS ALUMINIUM (AUG)OVERVIEW: TREND :BULLISH RESIST 2:155.00 RESIST 1:154.00 SUP 1:148.00 SUP 2:146.50 WWW.CAPITALSTARS.COM+917440449744

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number: INA000001647 MCXDailyReport 30 Aug2018 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 beheldresponsiblefor.Investment&TradinginSecuritiesMarkets are alwayssubjectedtomarketrisk. Capitalstars Financial Research Private Ltd., Reserves allRights. CONTACTUS BRANCHOFFICE Capitalstars Financial Research PrivateLimited 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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