BULLION - Bullion counter may remain on firm path as gold prices gained on Tuesday, hovering near a more than six-year high hit the previous day, as concerns around protests in Hong Kong, a slump in Argentina's markets and the ongoing Sino-U.S. trade war dented risk appetite. Protesters managed to shut down Hong Kong's airport, the world's busiest cargo airport, on Monday. Fears of a possible return to interventionist policies, gripped the Argentine market after market-friendly President Mauricio Macri lost by a much wider-than-expected margin in presidential primaries.. Investors are focused on the Federal Reserve's annual symposium next week. Traders see a 74% chance of a 25 basis-point rate cut by the Fed this September.

ENERGY- Crude oil may trade with negative path as oil prices slipped on Tuesday, offsetting narrow gains in the previous session, as sluggish demand forecasts countered expectations that major producers would prop up oil prices by limiting crude oil output. U.S. oil output from seven major shale formations is expected to rise by 85,000 barrels per day (bpd) in September, to a record 8.77 million bpd, the U.S. Energy Information Administration forecast in its monthly drilling productivity report on Monday. Saudi Arabia, the de-facto leader of the Organization of the Petroleum Exporting Countries (OPEC), said late last week it plans to keep its crude oil exports below 7 million barrels per day in August and September to help drain global oil inventories. Saudi Aramco was ready for its IPO, but the timing for the deal will be decided by its sole shareholder, the Saudi government, a senior executive said on Monday. U.S. natural gas futures eased on Monday as the market focused more on an increase in production to record levels as opposed to forecasts for more demand over the next two weeks than previously expected.

BASE METAL - Base metals may trade on sideways to weaker path. China's banks extended surprisingly fewer new yuan loans in July, while growth of money supply and total social financing also slowed, raising pressure on the central bank to ease policy further to support the slowing economy. Lead prices touched a two-week high on Monday after Belgium-listed Nyrstar said it had stopped production at its Port Pirie smelter in Australia, raising fears of shortages of the metal mainly used in car batteries. The stoppage is the second this year at the lead smelter and follows an outage in June and July, when 30,000 tonnes of metal were lost in the 12 million tonne market. Shanghai aluminum rose to its highest in more than two months on Tuesday, as a typhoon in China affected the world's top aluminum producer, raising concerns about supply disruptions. Facilities belonging to China Hongqiao Group 1378.HK were damaged by flooding after Typhoon Lekima wreaked havoc in the smelting heartland of Shandong, according to a statement from an affiliate firm. Indonesia aims to speed up enforcement of a ban on mineral ore exports that is currently due to come into force in 2020, news website Detik.com quoted coordinating minister for maritime affairs Luhut Pandjaitan as saying on Monday.

 

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

 

BULLION - Bullion counter may remain on firm path as gold prices rose on Friday, holding above the key $1,500 per ounce pivot, as fresh concerns about the U.S.-China trade dispute and worries over global economic slowdown lifted demand for the safe-haven metal. Trade tensions between the United States and China further escalated after a report that Washington is delaying a decision about licenses for U.S. firms to restart trade with Huawei Technologies. Meanwhile, U.S. economic data pointed to a robust labor market as the number of Americans filing applications for unemployment benefits unexpectedly fell last week, allaying some worries about the potential for a recession and helping U.S. Treasury yields rise. Central banks in New Zealand, Thailand and India stunned financial markets on Wednesday with a series of surprising interest rate cuts and pointing to policymakers dwindling ammunition to fight off a downturn.

ENERGY- Crude oil may trade with positive path as oil prices rose on Friday, supported by expectations of more production cuts by OPEC amid fears the U.S.-China trade row could lead to a global slowdown, curbing demand for crude. Both contracts jumped more than 2% on Thursday to recover from January lows, buoyed by reports that Saudi Arabia, the worlds biggest oil exporter, had called other producers to discuss the recent slide in crude prices. Oil prices have still lost more than 20% from their peaks reached in April, putting them in bear territory. Global financial markets were rocked over the past week after U.S. President Donald Trump said he would impose 10% tariffs on Chinese goods starting September and a fall in the Chinese yuan sparked fears of a currency war. Saudi Arabia, de facto leader of the Organization of Petroleum Exporting Countries (OPEC), planned to maintain its crude oil exports below 7 million barrels per day in August and September to bring the market back to balance and help absorb global oil inventories, a Saudi oil official said on Wednesday. U.S. natural gas demand is at an all-time high and expected to keep rising - and yet, prices are falling. U.S. gas futures this week collapsed to a three-year low, while spot prices were on track to post their weakest summer in over 20 years. In other markets, such lackluster pricing would cause investment to retrench and supply to contract.

BASE METAL - Base metals may trade on sideways to weaker path. Anti-mining protests in Peru have held up about $400 million in copper exports from some of the country's top mines and blocked supplies from reaching their operations for nearly three weeks, port operator Tisur said. Copper production in Democratic Republic of Congo rose 12.5% in the first half of the year from a year earlier to 672,272 tonnes, according to Central Bank figures. London nickel prices eased in early trade on Friday, slipping from a 16-month high struck in the previous session, after Indonesia's nickel miners association said it had urged the government not to bring forward a ban on mineral ore exports. Russian aluminium giant Rusal said on Friday lifting the share of high value-added products in its sales might prove to be tough in coming months due to the weaker market for the metal, which caused a 38% slump in its first-half net profit.

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

BULLION - Bullion counter may remain on firm path as gold prices edged up on Wednesday as the ongoing trade tensions between the United States and China continued to boost the appeal of safe-haven assets. Gold prices rose again on Thursday after topping the $1,500 mark in the previous session, as central banks around the world slashed interest rates amidst fears of a global recession. Spot gold rose 0.3% to $1,505 per ounce as of 0104 GMT. On Wednesday, gold soared over 2% to break the $1,500 barrier for the first time in over six years. U.S. gold futures were down 0.3% at $1,515.30 an ounce. Chicago Fed President Charles Evans signaled on Wednesday he was open to lowering rates to bolster inflation and to counter risks to economic growth. U.S. 10-year Treasury yields dropped further below three-month rates, an inversion that has reliably predicted recessions in the past. Central banks in New Zealand, India and Thailand surprised markets with aggressive easing on Wednesday. The Philippines central bank is expected to cut later today.

ENERGY- Oil futures jumped more than $1 a barrel on Thursday amid a weaker dollar, recovering ground after concerns that a global economic slowdown would hurt crude demand sparked losses of over 4% in the previous session. Brent crude had rebounded to $57.52 a barrel, up $1.29, or 2.29%, from its last close by 0032 GMT, while U.S. crude futures jumped $1.30, or 2.54%, to $52.39 a barrel. Both contracts hit their lowest levels since January on Wednesday after a surprise build in U.S. crude inventories added to worries that the brewing Sino-U.S. trade war could further dampen demand-growth this year. Bloomberg News reported the Saudis have decided the market slump is intolerable and all options are on the table. Trade war rhetoric will continue to guide markets, but the comments from Saudi Arabia could lead to unprecedented action to stabilise prices.. U.S. natural gas futures for Wednesday slipped close to a 38-month low with a 5% drop in crude prices and forecasts for less gas demand next week than previously expected. With less hot weather expected through late August, Refinitiv forecast demand in the Lower 48 states would slide to 89.8 bcfd next week from 91.7 bcfd this week as power generators burn less gas to keep air conditioners running.

BASE METAL - Base metals may trade on sideways to weaker path. Markets fear an escalation in the trade war could negatively affect metals demand China, the world's second largest economy. U.S. President Donald Trump on Wednesday said his tough stance on China's economic and trade policies would ultimately benefit the American economy, even as Beijing signaled it could strike back by curbing sales of chemicals known as rare earths that are used in everything from iPhones to military equipment. China consumes nearly half of all industrial metals. Coppers three-month price was weaker over the afternoon, falling to an intraday low of $5,665 per tonne, before closing at $5,705 per tonne. On the international market, zincs three-month price settled at $2,261 per tonne on Wednesday, its lowest price since October 2016. Nickels three-month price on the London Metal Exchange rallied by around 3% after the close of trading on Wednesday August 7, reaching a year-to-date high of $15,500 per tonne in what market participants labelled a broadly technical move. 

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

BULLION - Gold (Oct) can test 35020 while taking resistance near 35510 and silver (Sep) can dip lower towards 40500 and resistance near 41300. The price of gold shot up from about 34040 to around 35630 as investor flocked into gold as yields plummeted following the increase in tariffs between the US and China. Trump said he would impose an additional 10% tariff on $300 billion worth of Chinese imports on Sept. 1 after U.S. negotiators returned from trade talks in Shanghai, saying China had failed to buy large quantities of U.S. agricultural products as promised. Trump also said if trade negotiations fail to progress he could raise tariffs further - even beyond the 25% levy he has already imposed on $250 billion of imports from China. The tariffs may also force the Federal Reserve to again cut interest rates to protect the U.S. economy from trade-policy risk. The October Fed funds rate futures FFV9 have jumped to now fully price in a rate cut in September, compared with only around 60% before the tariff announcement. Another 25 basis point move is priced in by December.

ENERGY- Crude oil may move towards 3650 while taking resistance near 3820. steadying after an overnight plunge following U.S. President Donald Trump’s move to impose more tariffs on Chinese imports, intensifying a trade war that has hit global growth. Brent crude slumped more than 7% on Thursday, its steepest drop in more than three years. U.S. crude fell nearly 8%, posting its worst day in more than four years, The collapse ended a fragile rally built on steady drawdown’s in U.S. inventories, even as global demand looked shaky due to the trade dispute between the world’s two biggest economies. Total U.S. oil demand in May fell 98,000 bpd to 20.26 million bpd, data showed earlier this week. OPEC and partners including Russia, an alliance known as OPEC+, have been curbing output this year to support the market. In July, OPEC production revisited a 2011 low, helped by a further cut by Saudi Arabia. Natural gas can recover towards 158 while taking support near 149. Despite the rally on Wednesday, the hotter trends in the overnight data are still not hot enough to impress and suggests there is still a bearish bias in the market. The rally we say yesterday was probably driven by short-covering due to the slight change in the weather pattern and grossly oversold technical indicators.

BASE METAL - Copper may test 436 while taking resistance near 445. Copper hitting its lowest in over three weeks after U.S. President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports from next month. The reactivation of a smelter belonging to Chile’s state-run Codelco, the world’s top copper producer, will be further delayed until the end of October this year after missing a previous target of April. Copper contract on the Shanghai Futures Exchange dipped 0.6%, aluminium eased 0.2%. Three-month LME copper touched its lowest since July 10 at $5,876 a tonne before paring losses to $5,899, a decline of 0.5%.Zinc and lead dropped 0.8% each. However, nickel rose 1.2% and tin was almost unchanged. Zinc can test 187 while taking resistance near 192. Lead may test 149 while taking resistance near 154. Nickel may rise towards 1040 while taking support near 990. company PT Aneka Tam bang’s nickel ore output in Jan-Jun rose 27% on year to 4.79 mln tn. Aluminum may test 135 while taking resistance near 140.

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

BULLION - Bullion counter may trade on mixed path. Gold prices eased on Tuesday as the dollar held near multi-month highs, while investors awaited outcome of a two-day U.S. Federal Reserve policy meeting, where the central bank is widely expected to reduce interest rates. The dollar was up 0.1%, hovering near a two-month high hit in the previous session, making gold expensive for holder of other currencies. The U.S. Fed begins a two-day policy meeting later on Tuesday, at which it is widely expected to lower interest rates by 25 basis points. If implemented, it would be the central banks first rate cut in a decade. Japans central bank is expected to keep monetary policy on hold at a meeting ending later on Tuesday, but some investors say there is a chance Japans central bank could change its forward guidance to reassure traders that rates will remain low.

ENERGY- Crude oil may trade on positive path as oil prices extended overnight gains on Tuesday amid widespread expectations the U.S. Federal Reserve will cut interest rates for the first time in more than a decade this week. U.S. central bankers will begin their twoday meeting later in the day and are expected to lower borrowing costs for the first time since the depths of the financial crisis more than a decade ago. U.S. President Donald Trump said a small rate cut is not enough. Economic growth in the United States slowed less than expected in the second quarter, strengthening the outlook for oil consumption but, elsewhere, disappointing economic data has increased concerns about slower growth. Supply risks are still a concern as tensions remained high around the Strait of Hormuz, through which about a fifth of the worlds oil passes. Tensions spiked between Iran and the West after Iranian commandos seized a British-flagged oil tanker in the Gulf this month in apparent retaliation for the capture of an Iranian tanker by British forces near Gibraltar.

BASE METAL - Base metals may trade on sideways path. Industrial metals traded in tight ranges on Tuesday as investors exercised caution ahead of planned U.S.-China trade talks and a two-day U.S. Federal Reserve meeting starting later today. Meanwhile, U.S. and Chinese officials are due to meet on Tuesday in Shanghai for talks on a year-long trade dispute that has weighed on global economic growth and demand for industrial metals. Expectations for progress at the U.S.-China trade meeting are low, so officials and businesses are hoping Washington and Beijing can at least detail commitments for goodwill gestures and clear the path for future negotiations. Steel futures in China slumped to their lowest in five weeks on Monday ahead of the lifting of intensified production restrictions in the nation's top steelmaking city of Tangshan. 

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

BULLION - Bullion counter may trade on weaker path as gold prices edged lower on Thursday as the U.S. dollar hovered near multi-week highs, while investors awaited clues on monetary policy easing from leading central banks to shore up global economy. Investor focus shifted to the European Central Bank (ECB) meeting due later in the day and a widely expected interest rate cut from the U.S. Federal Reserve next week, which are expected to dictate the tempo for currencies and bond yields in coming months. In the United States, manufacturing activity slowed to a 10-year low in early July with production volumes and purchases falling. Weak housing and manufacturing are offsetting strong consumer spending, holding back the economy and posing a threat to the longest expansion in history. SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings dropped 0.11% to 822.25 tonnes on Wednesday from 823.13 tonnes on Tuesday.

ENERGY- Crude oil may trade on weaker path as oil ticked lower early on Thursday as more signs of slowing global growth added to demand concerns, with Middle East tensions underpinning prices. Sentiment in the oil market has darkened as investors worry that slowing global economic growth will weaken demand for oil. A series of purchasing manager index readings in the United States and Europe were weaker than expected, confirming concerns about slower economic growth amid a trade war between the United States and China. Global growth concerns are driving energy prices lower as forecasts keep getting downgraded even as the U.S. will be sending a trade team to China next week. Set against those worries are ongoing tensions in the Middle East following the seizure of a British-flagged tanker in the Gulf by Iranian forces last week. Britain, meanwhile, gained initial support from France, Italy and Denmark for its plan for a European-led naval mission to ensure safe shipping in the Gulf. U.S. natural gas futures fell on Wednesday to their lowest level in over a month on forecasts for cooler weather over the next two weeks than previously forecast.

BASE METAL - Base metals may trade on subdued path. Top U.S. and Chinese negotiators will meet face-to-face next week for the first time since Donald Trump and Xi Jinping agreed to revive talks to end their year-long trade war. Shanghai lead rose on Thursday, tracking a rally in London prices overnight, following concerns of supply shortages amid some maintenance activities in China. Three-month lead on the London Metal Exchange (LME) jumped 2.6% on Wednesday, its strongest gain in more than six weeks, as lead stockpiles in LME-approved warehouses fell to a fresh decade low of 57,425 tonnes. The difference between the LME cash lead contract over the three-month lead contract flipped to a premium of $1.5 a tonne on Wednesday, indicating near-term supply shortage. The shutdown of 1.5 million tonnes-per-year of alumina refining capacity in China will curb oversupply of the aluminium raw material and see prices currently languishing near two-year lows reach a bottom.

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

BULLION - Bullion counter may trade on mixed path. Gold prices edged higher on Wednesday, recovering from a one-week low touched in the previous session, on expectations of an interest rate cut by the U.S. Federal Reserve and escalating tensions in the Middle East. The European Central Bank is expected to signal easier monetary policy at its meeting this week, while the Turkish central bank is expected to make a 250 bp cut on July 25. A U.S. Navy ship took defensive action against a second Iranian drone in the Strait of Hormuz last week, but did not see the drone go into the water, the U.S. military said on Tuesday. U.S. Trade Representative Robert Lighthizer and senior U.S. officials will travel to Shanghai on Monday for face-to-face trade meetings with Chinese officials, Bloomberg reported on Tuesday, citing unnamed sources. Futures Fed watch remain 100% priced for a rate cut of 25 basis points (bps) by the Fed next week, and have even priced in an 18% chance of a 50 bp cut.

ENERGY- Crude oil may trade on positive path as oil prices rose on Wednesday, extending gains after an industry group reported a much bigger than expected drop in U.S. inventories, while the U.S. Navy said it may have downed a second Iranian drone last week. U.S. crude stocks fell more than expected in the week to July 19, declining by 11 million barrels to 449 million, the trade group American Petroleum Institute said on Tuesday. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 448,000 barrels, although gasoline stocks rose by 4.4 million barrels, compared with analysts expectations for a 730,000-barrel decline. Signs of rising tensions in the Middle East offset a weaker global growth outlook from the International Monetary Fund, which had kept prices largely flat for much of Tuesdays session. Irans capture of a British oil tanker last week sparked worries about supply disruptions in the Strait of Hormuz, through which about a fifth of the worlds oil flows. The tensions come as the United States aims to cut off Irans oil exports and against the backdrop of supply cuts led by the Organization of the Petroleum Exporting Countries since the start of the year to prop up prices. U.S. natural gas futures eased on Tuesday on forecasts for slightly cooler weather and lower demand over the next two weeks than previously forecast.

BASE METAL - Base metals may trade with upside path. Industrial metals on the London Metal Exchange advanced on Wednesday on reports of potential progress in trade negotiations between the United States and China. The trade war between the world's two biggest economies has weighed on global economic growth and dimmed demand outlook for industrial metals. A sign of progress in resolving the dispute often supports prices of base metals. China's central bank governor Yi Gang said the country's current interest rate level is appropriate, the financial magazine Caixin reported on Tuesday. Global aluminium production fell by 0.5% in the first half of this year, according to the International Aluminium Institute (IAI). Chinese output fell by 3.1% in June and by 0.4% over the first six months of the year, according to the IAI. Alcoa, which operates the Canadian smelter, expects the return to full capacity to be achieved in the second quarter of 2020.

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

BULLION - Bullion counter may trade on sideways path as some profit booking can be seen at higher levels. Gold prices held steady, as Chinas industrial output grew 6.3% in June from a year earlier, official data showed on Monday, picking up from Mays 17-year low and handily beating market expectations. Retail sales for June rose 9.8% in annual terms. Analysts had expected growth to cool to 8.3% from Mays 8.6%. Hedge funds and money managers cut their bullish stance in COMEX gold in the week to July 9, the U.S. Commodity Futures Trading Commission (CFTC) said in a report on Friday. Physical gold buying stalled in top Asian hubs last week as consumers sold back bullion to cash in on a steep price rally, while a recent import duty hike further dented waning interest in an Indian market hit by a surge in local rates.

ENERGY- Crude oil may trade on weaker path as oil prices slipped on Monday after China posted its slowest quarterly economic growth in at least 27 years, reinforcing concerns about demand in the world's largest crude oil importer. Refineries in the path of Tropical Storm Barry continued to operate despite flood threats while the storm has slashed U.S. Gulf of Mexico crude output by 73%, or 1.38 million barrels per day. An unwinding of the risk premium from tropical storm Barry, lower oil demand forecasts and a lack of news from the Middle East may have led to a muted oil price reaction. China's economic growth slowed to 6.2% in the second quarter from a year earlier, in line with analysts' expectations, with demand at home and abroad faltering as the Sino-U.S. trade war bites. In the Middle East, Iranian President Hassan Rouhani said in a televised speech on Sunday that Iran is ready to hold talks with the United States if Washington lifts sanctions and returns to the 2015 nuclear deal it quit last year. Chinas June crude oil throughput rose 7.7% year on year to 53.7 million tonnes, the National Bureau of Statistics said on Monday.

BASE METAL - Base metals may trade with sideways path. Three-month copper on the London Metal Exchange edged up 0.1% to $5,939 a tonne, while the most-traded copper contract on the Shanghai Futures Exchange eased 0.1% to 46,620 yuan a tonne. Chinas June unwrought copper imports fell 27.2% from a year earlier to 326,000 tonnes, while copper concentrate imports in June dropped to a six-month low at 1.47 million tonnes, official data showed. Chinese steel futures dropped to their lowest in three weeks on Monday, staying under pressure due to uncertain prospects for demand amid a gloomy outlook for the worlds second-largest economy, and weak production margins. Shanghai nickel prices on Monday surged to their highest in more than 10 months, tracking an overnight rally in London, on concerns that top producer Indonesia will resume an export ban on ore in 2022. Indonesia, which has large nickel laterite ore reserves used to make nickel pig iron for the stainless steel industry, relaxed a ban to export nickel ore in 2017, but said at the time exports of unprocessed ore will be restricted again in 2022. 

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

BULLION - Bullion counter may trade on sideways path as some profit booking can be seen at higher levels. Gold prices rose on Friday and were on track for a weekly gain, as worries over renewed U.S.-China trade tensions and expectations of a rate cut by the Federal Reserve boosted demand for the safe-haven metal. Fed Chair Jerome Powell indicated on Thursday that a rate cut is likely at the Feds next meeting as businesses slow investment due to trade disputes and a global growth slowdown. U.S. President Donald Trump said on Thursday that China was not living up to promises it made on buying agricultural products from American farmers. Meanwhile, the dollar index steadied on Friday after falling to near one-week low in the previous session, regaining some traction against its peers on stronger U.S. inflation data. The signs of a pick-up in underlying inflation, along with separate data on weekly jobless claims showing the labour market remained solid, curbed financial market expectations of a more aggressive 50 basis point cut at the Feds July 30-31 meeting.

ENERGY- Crude oil may trade on upside path as oil prices rose on Friday as U.S. oil producers in the Gulf of Mexico cut more than half their output in the face of a tropical storm and as tensions continued in the Middle East. By Thursday, oil companies in the Gulf of Mexico had cut more than 1 million barrels per day (bpd) of output, or 53% of the regions production, due to Tropical Storm Barry. The storm was forecast to become a category one hurricane with at least 74-mile-per hour (119 km-per-hour) winds. Brent crude oil ... extended its gains as storms in the Gulf of Mexico halted production of oil and U.S. oil inventories continued to recede more than expected. Meanwhile, Irans alleged attempt to block a British-owned tanker heightened tensions in the Middle East in the wake of attacks on tankers and the downing of U.S. drone by Iran in June. But a lower 2020 oil demand outlook from the Organization of the Petroleum Exporting Countries kept price gains in check. OPEC said the world would need 29.27 million bpd of crude from its 14 members in 2020, down 1.34 million bpd this year. U.S. natural gas futures fell on Thursday, a day after hitting a five-week high, as midday forecasts called for less hot weather over the next two weeks than previously expected.

BASE METAL - Base metals may trade with sideways path. Industrial metals traded in tight ranges on Friday, as investors exercised caution ahead of a key set of data from top metal player China later in the session. China is due to release its trade data for the month of June later on Friday, including imports and exports figures of key metals. China is the worlds biggest copper consumer and a key user or producer of the majority of the main base metals. U.S. President Donald Trump said on Thursday that China was not living up to promises it made on buying agricultural products from American farmers as the worlds two largest economies work to resolve a trade dispute.

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

BULLION - Bullion counter may trade on weaker path as gold prices slipped on Wednesday as higher Treasury yields lifted the dollar, while markets awaited testimony from Federal Reserve Chair Jerome Powell for clarity on an expected U.S. rate cut. The dollar index edged toward a three-week high against a basket of major currencies on Wednesday, as easing bets of deep U.S. interest rate cuts pushed Treasury yields higher. Fed Chair Powell testifies before Congress on Wednesday and Thursday and the direction of the U.S. dollar depends on the tone of his comments. Expectations for a 50 basis point rate cut this month have evaporated, but investors still expect a 25 basis point cut due to weak inflation and trade war worries. Futures are still fully priced for a 25-basis-point cut at the Feds July 30-31 meeting, but have abandoned wagers on a half-point move. They had implied a 25% probability of an aggressive cut before Fridays upbeat jobs report.

ENERGY- Crude oil may trade on upside path as oil prices gained more than 1% in early trade on Wednesday, led by U.S. crude after an industry group reported that U.S. stockpiles fell for a fourth week in a row, alleviating concerns about oversupply. The U.S. and global benchmarks have risen this year as OPEC and big producers like Russia have honored commitments to cut production and support prices. U.S. crude stockpiles fell more than forecast last week, while gasoline inventories decreased and distillate stocks built, data from industry group the American Petroleum Institute (API) showed on Tuesday. Oil prices have been under pressure from concerns about global economic growth amid growing signs of harm from the U.S.-China trade war that has rumbled on over the last year.

BASE METAL - Base metals may trade with positive path. Metals and mining company Nyrstar said on Tuesday that it was extending force majeure at its Port Pirie lead and zinc smelter in Australia until the last week of July, from the second week of this month as previously planned. Shanghai lead hit a two-month high at 16,450 yuan a tonne, while London lead hovered around a one-week high, trading up 0.4% at 0203 GMT. Nickel may test 920 while taking support near 900. London nickel rose as much as 2.1% to $12,970 a tonne, its highest since April 17, while Shanghai nickel jumped to 103,160 yuan ($14,985.69) a tonne, a three-month high. 

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

BULLION - Bullion counter may trade on weaker path as gold prices slipped on Wednesday as higher Treasury yields lifted the dollar, while markets awaited testimony from Federal Reserve Chair Jerome Powell for clarity on an expected U.S. rate cut. The dollar index edged toward a three-week high against a basket of major currencies on Wednesday, as easing bets of deep U.S. interest rate cuts pushed Treasury yields higher. Fed Chair Powell testifies before Congress on Wednesday and Thursday and the direction of the U.S. dollar depends on the tone of his comments. Expectations for a 50 basis point rate cut this month have evaporated, but investors still expect a 25 basis point cut due to weak inflation and trade war worries. Futures are still fully priced for a 25-basis-point cut at the Fed�s July 30-31 meeting, but have abandoned wagers on a half-point move. They had implied a 25% probability of an aggressive cut before Friday�s upbeat jobs report.

ENERGY- Crude oil may trade on upside path as oil prices gained more than 1% in early trade on Wednesday, led by U.S. crude after an industry group reported that U.S. stockpiles fell for a fourth week in a row, alleviating concerns about oversupply. The U.S. and global benchmarks have risen this year as OPEC and big producers like Russia have honored commitments to cut production and support prices. U.S. crude stockpiles fell more than forecast last week, while gasoline inventories decreased and distillate stocks built, data from industry group the American Petroleum Institute (API) showed on Tuesday. Oil prices have been under pressure from concerns about global economic growth amid growing signs of harm from the U.S.-China trade war that has rumbled on over the last year.

BASE METAL - Base metals may trade with positive path. Metals and mining company Nyrstar said on Tuesday that it was extending force majeure at its Port Pirie lead and zinc smelter in Australia until the last week of July, from the second week of this month as previously planned. Shanghai lead hit a two-month high at 16,450 yuan a tonne, while London lead hovered around a one-week high, trading up 0.4% at 0203 GMT. Nickel may test 920 while taking support near 900. London nickel rose as much as 2.1% to $12,970 a tonne, its highest since April 17, while Shanghai nickel jumped to 103,160 yuan ($14,985.69) a tonne, a three-month high.

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com

BULLION - Bullion counter may trade on weaker path as gold prices fell on Tuesday as the dollar held near multi-week highs after investors reduced bets on an aggressive U.S. interest rate cut this month. The dollar index was hovering near a three-week high on Tuesday after investors rolled back expectations for a sharp U.S. rate cut at the end of July. Money market futures are still fully pricing in a 25 basis point cut at the Federal Reserves next policy meeting on July 30-31, but have almost priced out a larger 50 basis point reduction. Fed chief Jerome Powells comments in two-day testimony to Congress beginning on Wednesday will be closely watched to determine whether traders will continue to pare bets for deep interest rate cuts. SPDR Gold Trust, the worlds largest gold-backed exchange-traded fund, said its holdings fell 0.15% to 795.80 tonnes on Monday from 796.97 tonnes on Friday.

ENERGY- Crude oil may trade on subdued path as oil fell on Tuesday amid worries over the outlook for demand after the latest signs that international trade disputes have been dragging on the global economy, although tensions in the Middle East offered some support to prices. Oil fell on Tuesday amid worries over the outlook for demand after the latest signs that international trade disputes have been dragging on the global economy, although tensions in the Middle East offered some support to prices. Oil prices are being pressured by ongoing worries about demand as the U.S.-China trade war, heading into its second year, dampens prospects for global economic growth. Japans core machinery orders fell by the most in eight months, data showed on Monday, in a sign the global trade tensions are taking a toll on corporate investment. U.S. natural gas futures eased on Monday from a five-week high in the previous session with production near record highs and forecasts for lower demand over the next two weeks than previously expected.

BASE METAL - Base metals may trade with sideways path.. Copper prices on the London Metal Exchange fell on Tuesday, on track for a third straight decline, amid a lack of news on steps to settle a prolonged trade dispute between the United States and China. Representatives from the two countries were expected to resume talks this week, but nothing has been released about whether the talks happened or whether progress has been made in resolving the year-long dispute that has hurt demand for metals. China will investigate state-owned metals conglomerate China Minmetals Corp Ltd and chemical producer China National Chemical Corp Ltd in a new round of central government environmental audits, the environment ministry said. 

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

For more details call on 9977499927 or visit our website www.capitalstars.com