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Gold Prices Gain Amid Weaker Dollar- 4 APR 2018

05:08 Unknown No comments

Gold prices gained on Wednesday as dollar weakened after the U.S. slapped tariffs on $50 billion worth imports from China. Trading tensions were cited as a catalyst for the buying as investors stayed away from risk assets. The Trump administration proposed on Tuesday to impose 25% tariffs on nearly $50 billion worth of made-in-China products - around 1,300 industrial technology, transport and medical products to be particular. Dollar-denominated assets such as gold are sensitive to moves in the dollar – a fall in the dollar makes gold cheaper for holders of foreign currency and thus increases demand for the precious metal. More directional drivers for the dollar this week will be the U.S. payrolls data and comments by Federal Reserve Chairman Jerome Powell.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

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CS HNI FUTURES CALL: BUY APOLLO TYRES FUTURES ABOVE 290 - 3 APR 2018

04:33 Unknown No comments

CS HNI FUTURES CALL:

BUY APOLLO TYRES FUTURES ABOVE 290

TG 295

SL 285

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

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Copper prices ended with gains on short covering as support seen amid receding fears about a trade - 2 Apr 2018

04:54 Unknown No comments

Copper on MCX settled up 0.77% at 436.8 on short covering as support seen amid receding fears about a trade. Metals markets were shaken in the month when U.S. President Donald Trump moved to impose tariffs on Chinese goods and Beijing threatened retaliation. But fears of a trade war have eased on hopes that negotiations can bring a compromise. Growth in China’s manufacturing sector likely picked up slightly in March as authorities lifted winter industrial pollution restrictions and steel mills cranked up production as construction activity swings back into high gear.

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

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Oil prices rise as OPEC seen continuing supply cuts through 2018- 29 MAR 2018

04:05 Unknown No comments

Oil prices rose on Thursday as the producer cartel OPEC and other suppliers look set to continue withholding output for the rest of the year and potentially into 2019.

U.S. WTI crude futures CLc1 were at $64.62 a barrel at 0354 GMT, up 24 cents, or 0.4 percent, from their previous settlement.

Brent crude futures LCOc1 were at $69.81 per barrel, up 28 cents, or 0.4 percent.

The Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC) together with a group of non-OPEC producers led by Russia started cutting output in 2017 to rein in oversupply and prop up the market.

Brent, off which OPEC prices most its crude exports, has risen by around a quarter since then, which has lead to speculation that the restraints on production may be lifted.

But sources at OPEC told Reuters this week that the group and its allies were set to keep their deal on cutting production for the rest of 2018. this, Brent remained below $70 and WTI under $65 per barrel, weighed by rising crude inventories and production in the United States.

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

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