Live MCX Commodity Updates

Market closed on down side & all market looking for budget side. Both precious metal were in negative phase & no major correction seems form this level.

Commodity Live Updates

GOLD SLIPS AS EQUITIES REVERSE GAINS, EYES ON FED MEETING.

BRENT CRUDE OIL SLIPS UNDER $125 ON GROWTH CONCERNS.

COPPER SNAPS 3-DAY RALLY; CHINA CONCERN WEIGHS.

INDIAN SPICES TRADE BEARISH.

MCX Commodity Data

Date	Time	Currency	Economic Data	Forecast	Previous
MON 13TH MAR	6.00PM	USD	CORE RETAIL SALES M/M	0.80%	0.70%
	6.00PM	USD	RETAIL SALES M/M	1.10%	0.40%
	7.30PM	USD	BUSINESS INVENTORIES M/M	0.50%	0.40%
	7.30PM	USD	IBD/TIPP ECONOMIC OPTIMISM	53.2	49.4
	11.45PM	USD	FOMC STATEMENT
	11.45PM	USD	FEDERAL FUND RATES	<0.25%	<0.25%

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Live MCX Commodity Tips, Crude Updates

Commodity Updates

GOLD EASES ON FIRMER U.S. DOLLAR; PHYSICALS SUPPORT.
CRUDE SLIPS BELOW $107, IRAN WOES SUPPORT.
LME COPPER SLIPS, CHINA CUTS GROWTH OUTLOOK.
NCDEX TURMERIC AND JEERA TRADE LOW; PEPPER HITS 4PC UPPER CIRCUIT.

Gold & Silver Both metals was down on last trading hours. For today's trading session we expect trend may mix for all base metal as well as gold & Silver.

Crude has first resistance at 5410 after this resistance it may go for upside & if it will break the second resistance of 5480 then crude could be 5500.

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MCX Commodity Updates, Bullion News

Gold Silver Precious Metal Updates. 

Gold & Silver both were on lower side today, as the market open both precious metals were trade on lower side & whole trading day on lower side.

From this level we clearly suggest sell of both metals at lower level.

Strength in the US dollar coupled with weak sentiments in the global markets led spot gold prices to trade lower by almost 1 percent till 4.30 pm IST today. The yellow metal touched an intra-day low of $1693/oz and was trading below the level of $1700/oz till 4.30 pm IST. MCX Gold April contract dropped around 0.3 percent today, as sharp decline was cushioned on account of a weaker Rupee.

Base Metal Updates

Base metals all were down due to internation rate & Indian stock market impact. The base metals complex traded lower on the LME today on the back of dollar strength coupled with rising concerns over global economic growth which affected demand for industrial metals. Additionally, rise in risk aversion in the markets also acted as a negative factor for metal prices today. No major correction seems here. 

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MCX Commodity Live Updates

MCX Updates

- GOLD SLIPS BUT NOTCHES LARGEST GAIN IN FOUR WEEKS.
- METALS, OIL DROP AS FIRM DOLLAR SPARKS RISK SELLING.
- COPPER FALLS; MARKET RATTLED BY CHINESE SURPLUS.
- FMC IMPOSES SPECIAL CASH MARGIN ON CARDAMOM, MENTHA OIL.

Commodity Data

Date	Time	Currency	Economic Data	Forecast	Previous
MON 5TH MAR	8:30pm	USD	ISM Non-Manufacturing PMI	56.2	56.8
	8:30pm	USD	Factory Orders m/m	-1.2%	1.10%

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Gold Silver Commodity Updates

In Indian Commodity Both Bullion Metal Trade in Under Pressure. We expect Silver will trade for down side & we suggest it for sell today.

While Gold is consolidate after falling form high level.

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MCX Commodity Market Data

Live Commodity Data
- GOLD STEADY AFTER ECB CASH INJECTION TO BANKS.
- OIL DOWN AS U.S. DURABLE GOODS ORDERS TUMBLE.
- COPPER CLIMBS TO TWO-WEEK HIGH AFTER ECB INJECTION.
- INDIAN SPICES COMPLEX TRADE BULLISH.

Commodity Data for Today

 

Date	Time	Currency	Economic Data	Forecast	Previous
THU 1ST MAR	12:30am	USD	Beige Book
	6:30pm	USD	FOMC Member Pianalto Speaks
	7:00pm	USD	Unemployment Claims	350K	351K
	7:00pm	USD	Core PCE Price Index m/m	0.2%	0.2%
	7:00pm	USD	Personal Spending m/m	0.4%	0.0%
	7:00pm	USD	Personal Income m/m	0.5%	0.5%
	8:30pm	USD	Fed Chairman Bernanke Testifies
	8:30pm	USD	ISM Manufacturing PMI	54.6	54.1
	8:30pm	USD	Construction Spending m/m	1.1%	1.5%
	8:30pm	USD	ISM Manufacturing Prices	57.6	55.5
	9:00pm	USD	FOMC Member Raskin Speaks
	9:00pm	USD	Natural Gas Storage	-89B	-166B
	All Day	USD	Total Vehicle Sales	14.0M	14.2M
	11:00pm	USD	FOMC Member Lockhart Speaks

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