Nine “O” Clock Currency Commodity Report: 9th August 2018
Thursday, August 09, 2018
TIME: 9:00pm IST
Nine “O” Clock Currency Commodity Report
- S. jobless claims fall 6,000 to 213,000
- 12-month rate of core PPI climbs to 2.8% from 2.7%
Range bound markets are very scary. Gold, silver and crude oil are trading in a range. Nickel, copper, lead and zinc are showing signs of weariness on today’s rise. Investors and traders are extra cautious today. Even the currency markets are range trading with the US dollar having the slight edge against the euro and pound. Direction of US stock markets will dictate metals, energies and currencies. The recent range bound trade will be broken soon. News will be the key. US dollar Index still floats over 95.00.
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