DATE
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PARTICULARS
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SEGMENTS
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| 02/06/2016 08:32pm |
Crude Oil Inventories -1.4B VS -4.2M ===> DATA IS WEAK FOR CRUDE |
MCX |
| 02/06/2016 08:30pm |
Crude Oil Inventories: Previous -4.226M , Forecast-2.490M ,Actual-.1.366M |
MCX |
| 02/06/2016 08:02pm |
US Natural Gas Storage 82B VS 71B ===> DATA IS WEAK FOR PRICES WHILE SUSTAINED ABOVE 160 CAN SEE 164-166 LEVEL |
MCX |
| 02/06/2016 08:00pm |
EIA Natural Gas Report: Previous 71B, Forecast 85B, Actual 82B . |
MCX |
| 02/06/2016 08:00pm |
Crude oil prices fall below $48 as OPEC meeting in Vienna appears very unlikely to produce any agreement on a output cap. |
MCX |
| 02/06/2016 07:40pm |
OPEC fails to agree on output cap |
MCX |
| 02/06/2016 7:25pm |
*Opec leaders meet in* *Vienna as Iran rejects oil* *output cap*
Iran’s oil minister has rejected suggestions Opec will agree a production cap at a meeting due to take place in Vienna, saying his country backs a return to a national quota system.
Tehran, which only recently returned to world oil markets after western sanctions were lifted, has opposed any attempt to limit output to support weak crude prices.
News Negative For Crude |
MCX |
| 02/06/2016 07:16pm |
Bloomberg Consumer Comfort Index:Prior 42.0 ,Actual43.2 . |
MCX |
| 02/06/2016 7:15pm |
Gallup Good Jobs Rate: Prior 44.9 , Actual 45.5 . |
MCX |
| 02/06/2016 07:07pm |
US ADP Non-Farm Employment Change : 173K VS 156K ==> DATA IS WEAK FOR BULLION |
MCX |
| 02/06/2016 7:10pm |
TODAY CRUDE OIL INVENTORIES: EXP: -2.7M PREV: -4.2M. ACTUAL IS AT 8.30PM |
MCX |
| 02/06/2016 07:07pm |
TODAY NATURAL GAS STORAGE: EXP: 84B PREV: 71B. ACTUAL IS AT 8.00PM |
MCX |
| 02/06/2016 6:45pm |
US Unemployment Claims270K VS 268K ===> DATA IS WEAK FOR BULLION |
MCX |
| 02/06/2016 05:07pm |
: Challenger Job-Cut Report: Prior 65,141 , Actual 30,157 . |
MCX |
| 02/06/2016 4:21pm |
Crude oil prices turned flat awaiting the outcome from the OPEC meeting that could work as a strong market driver. |
MCX |
| 02/06/2016 1:35pm |
Daily LME stock : Aluminium down by -4500MT, Copper down by -825MT, Lead unchanged, Nickel down by -1500MT & Zinc down by -1725MT. |
MCX |
| 02/06/2016 12:35pm |
EUR ZONE : Spanish Unemployment Change-119.8K VS -83.6KDATA IS SUPPORTIVE FOR METALS |
MCX |
| 02/06/2016 10:50am |
Today US Datas: Challenger Job-Cut Report 05:00 PM,ADP Employment Report 05:45 PM, Jobless Claims 06:00 PM,Gallup Good Jobs Rate 06:00 PM,Bloomberg Consumer Comfort Index 07:15PM. EIA Natural Gas Report 08:00PM,EIA Petroleum Status Report 08:30 PM.
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MCX |
| 02/06/2016 10:08am |
Silver trading range for the day is 37993-39013. # Silver prices rose slightly as investors continued to assess the prospects of a rate hike as early as this month by the Federal Reserve. # Stronger than expected manufacturing data in the U.S. potentially increased the likelihood that the Fed will raise interest rates when it meets next later this month. # Data showed automobile sales rising last month from April, extending the recent flow of relatively strong data that suggested economic growth was regaining speed. # U.S. consumer confidence dipped while business activity in the U.S. Midwest also underwhelmed. |
MCX |
| 02/06/2016 10:03am |
Copper trading range for the day is 305.8-314.6.# Copper dropped to its lowest in a week as a mixed outlook for Chinas manufacturing growth in May.# Pressure seen as strong dollar and expectations that brightening economic picture in the US could herald a rate hike as soon as June.# LME data also showed copper inventories rose 2,625 tonnes on Wednesday and have gained about 8 percent since early April.# Warehouse stock for Copper at LME was at 154350mt that is up by 2625mt. |
MCX |
| 02/06/2016 09:59am |
Crudeoil trading range for the day is 3200-3374.# Crude oil dropped on expectations of OPEC inaction on output as its focus stays on retaining market share, while concerns about Chinas economy weighed on the demand outlook.# Prices eased on concern that Middle East members of the OPEC, which meets on Thursday to discuss policy, could continue to raise output.# Many Middle East oil producers have ramped up deliveries to Asia in an aggressive fight for market share.# Today crude oil inventories: Exp: -2.7M Prev: -4.2M. Actual is at 8.30PM |
MCX |
| 02/06/2016 09:58am |
Zinc trading range for the day is 125.6-137.4.# Zinc rallied sharply surged to its highest level in 10 months as speculators bet weaker supplies would create shortages.# Earlier in the day Chinas manufacturing growth in May put more pressure on prices already hit by a stronger dollar. # Chinese plan to curb worsening soil pollution by 2020 and stabilise and improve soil quality by 2030 impacting lead and zinc production.# Warehouse stock for Zinc at LME was at 380450mt that is down by -250mt. |
MCX |
| 02/06/2016 09:56am |
Nickel trading range for the day is 562.4-582.2.# Nickel recovered from the days low as prices takes a hit from a strong dollar.# Support seen after the news that union workers at Colombias Cerro Matoso mine will begin an indefinite strike on June 14.# Miners last year went on strike at the mine on a dispute that had forced previous owner BHP Billiton to declare force majeure# Warehouse stock for Nickel at LME was at 401508mt that is down by -258mt. |
MCX |
| 02/06/2016 09:54am |
Aluminium trading range for the day is 103.2-107.8.# Aluminium prices gained as support seen as LME stocks continue to trend lower, fallen a net 369,375 tonnes or 12.8 percent so far this year. # Chinas manufacturing activity showed signs of steadying in May but remained weak reflecting soft demand at home and abroad.# Aluminum daily stocks at Shanghai exchange came down by 1973 tonnes. # Warehouse stock for Aluminium at LME was at 2520175mt that is down by -8925mt. |
MCX |
| 02/06/2016 09:52am |
*Naturalgas trading range for the day is 150.9-167.1.# Natural gas rallied to close with more that 4% climbing to a five-month high as forecasts for intense heat, boosting near-term demand expectations.# Weather updates for mid-June have been getting gradually warmer, areas that are likely to have temperatures as much as five-degrees-Fahrenheit above normal# Traders looked ahead to fresh weekly information on U.S. gas inventories that is expected to show a build of approximately 84bcf.# More demand will be required to address the concerns of record-high storage levels. Total US natural gas storage has zoomed to 2.8tcf. |
MCX |
| 02/06/2016 09:50am |
Gold trading range for the day is 28706-29290.# Gold prices inched higher supported by mixed economic data from the US and flat Chinese May manufacturing purchasing managers indexes.# U.S. manufacturing grew for a third straight month in May, but factories appeared to be taking in fewer deliveries from their suppliers.# Fed Chair Janet Yellen is scheduled to testify to the Senate Banking Committee on the U.S. central banks semi-annual monetary policy report on June 21, the panel said.# Holdings in SPDR Gold Trust, rose 0.24 percent to 870.74 tonnes on Wednesday, the highest since November 2013 |
MCX |