Five "O" Clock Currency and Commodity Report : 9th August 2018

Insignia Consultants

New Delhi

Thursday, August 09, 2018

TIME: 5:02pm IST          

Five “O” Clock Currency Commodity Report

Closing prices:

Usd/Inr: 68.6050

Sensex: 38024.37

Nifty: 11470.70

Current rates

Spot Gold: $1215.15

Spot Silver: $15.5000

MCX Gold October: Rs.29674

MCX Silver September: Rs.38157

Nifty creeping higher on closing basis every day. Emerging market currencies have gained today against the US dollar. Pound is trying and will be trying to pare some of this week’s losses against the US dollar. Industrial metals have risen so far as global growth outlook is not as gloomy as perceived. Gold and silver are trading with a firm bias. There are US economic data release which will affect the trend of the markets. Russian trade sanctions will not have any impact on financial markets. Natural gas prices can rise due to Russian trade sanctions. Crude oil prices will be very volatile due to Russia and Iran.

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