Five “O” Clock Currency Commodity Report: 10th August 2018
Friday, August 10, 2018
TIME: 5:02pm IST
Five “O” Clock Currency Commodity Report
Spot Gold: $1210.00
Spot Silver: $15.3700
MCX Gold October: Rs.29636
MCX Silver September: Rs.37969
- K. GDP rises 0.4% in Q2, meeting expectations.
- US dollar index has hit a one year high.
- China imposes anti-dumping duties on synthetic rubber from U.S., EU, Singapore.
Indian rupee is weaker against the US dollar on global cues. There is no market shaking news from India. If euro and pound fall against the US dollar in USA session, then key long term support will be tested. Key drivers for the rest of the US day will be US stock market and US consumer price index numbers. Caution is the theme in the global financial markets as we head into USA session.
Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Prepared by Chintan Karnani
Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.
NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
PLEASE USE A STOP LOSS OF MINIMUM RS.5000-RS.8000 PER LOT ON ALL INTRA DAY TRADES
ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORT
Indian Standard Time (IST): +5:30 GMT