News

Cotton prices to trade sideways to higher: Angel Commodities

Angel Commodities’ report on Cotton MCX June Cotton edged lower on Monday tracking fall in international prices and technical selling at higher levels. Currently, cotton is trading at 22 months highs in the domestic market as Miller and traders are stocking up cotton for the lean season.  Moreover, good export demand from China […]

Indian Rupee: Cautious Ahead Of Key Data

The Indian rupee dipped lower against the dollar in early trades on Tuesday, 12 June 2018 ahead of release of key IIP and inflation data. Fresh demand for the US currency weighed down rupee but a higher opening in domestic stocks limited the fall. Besides, major currencies were mostly weak against the US dollar overseas […]

Oil steady as Trump, Kim launch summit in Singapore

SINGAPORE: Oil prices were little changed in early Asian trading on Tuesday as markets awaited the outcome of a summit between US President Donald Trump and North Korean leader Kim Jong Un in Singapore. Traders also said they were reluctant to take on large new positions ahead of a meeting between producer cartel Opec and […]

Precious Metals Preview: Fund Buying Remains Strong In Silver

Large precious metals speculators added to their bullish net positions in the silver futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of silver, traded by large speculators and hedge funds, totaled a net position of 19,434 […]

Commodities Buzz: China Inflation Continues to be Mild in May

With consumer price growth continuing to be mild and factory prices of industrial products slightly edging up in May, Chinas inflation remains benign. National Bureau of Statistics (NBS) data showed Saturday that Chinas consumer price index, a main gauge of inflation, rose 1.8 percent year-on-year in May. NBS statistician Sheng Guoqing mainly attributed the rise […]

Commodities Buzz: Gold Speculative Longs Continue To Drop

Large metals speculators continued to trim their bullish net positions in the Gold futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of […]