Inditrade Derivatives & Commodities Ltd
Published on 10/12/2016 12:16:34 PM

 Oil prices moved higher ahead of tomorrow’s meet between OPEC and non-OPEC members on output freeze cuts. In the last week OPEC agreed to cut output by 1.2 million barrels a day to 32.5 million barrels. Non-OPEC producers have been asked to chip in with cuts of around 600,000 barrels a day. Russia has indicated it will contemplate a cut of about 300,000 barrels a day. Prices can open with sharp gains or losses on Monday evening as morning session of Mcx is closed on account of ID-E-MILAD

Inditrade Derivatives & Commodities Ltd
Published on 10/12/2016 12:13:21 PM

Gold prices posted fresh ten month lows and are on track for their fifth straight weekly decline. Expectations that a stronger U.S. economy will push the Federal Reserve to raise rates at a faster clip have pressured the precious metal, which struggles to compete with yield bearing investments when borrowing costs rise. Gains in dollar index boosted by the release of U.S. consumer sentiment data pushed yellow metal prices down. Investors now turn their attention to the Federal Reserve’s policy meeting next week which starts on Dec 13 and Fed interest rate decision is scheduled to release on Dec 14.
 

Achiievers Equites Ltd
Published on 9/12/2016 7:10:33 PM

HOLIDAY UPDATE: ON DECEMBER 12TH 2016, CURRENCY MARKET WILL REMAIN CLOSE ON ACCOUNT OF ID-E-MILAD. EQUITY MARKET WILL REMAIN OPEN AS NORMAL. COMMODITY MARKET WILL REMAIN CLOSE FOR MORNING SESSION. COMMODITY MARKET WILL REMAIN OPEN FOR EVE SESSION FROM 5.00PM ONWARDS.

Kedia Commodities
Published on 9/12/2016 3:20:20 PM

HOLIDAY UPDATE: ON DECEMBER 12TH 2016, CURRENCY MARKET WILL REMAIN CLOSE ON ACCOUNT OF ID-E-MILAD. EQUITY MARKET WILL REMAIN OPEN AS NORMAL. COMMODITY MARKET WILL REMAIN CLOSE FOR MORNING SESSION. COMMODITY MARKET WILL REMAIN OPEN FOR EVE SESSION FROM 5.00PM ONWARDS.