Category Archives: global markets

Weekly Price Change 5th Sep to 9th Sep|Exchange Rates|Commodities|Equity Indices

Weekly Price Change 5th Sep to 9th Sep|Exchange Rates|Commodities|Equity Indices

The dashboard provides a snapshot of the weekly price changes in futures contracts
for :

  • 9 Currencies : EUR USD , GBP USD , AUD USD , USD CHF , USD SGD, USD CNH, USD INR, USD JPY, USD BRL
  • 31 commodities :
    • Base Metals : Copper, Aluminium, Zinc, Nickel, Tin,Lead 
    • Precious Metals: Gold , Platinum , Palladium,Silver
    • Ferrous Metals :Steel , Iron Ore 
    • Energy : Crude Oil, Nat gas , Coal
    • Grains: Corn,Wheat
    • Oil Seeds: Soybean , Soybean Meal, Soybean Oil, Palm Oil
    • Softs: Coffee, Sugar
  • 14 Equity Indices : S & P 500, Nasdaq, Dow Jones, Nifty India, Hang Seng , China A Shares, China H shares , MSCI EAFE, MSCI EM , ASX API , FTSE 100, Stoxx Europe

Commentary

  • Slowdown in the overseas economy has prompted the US Federal Reserve to keep the borrowing rates at lower levels.
  • China’s foreign exchange reserves have declined to $3.18 trillion as of the end of August, data released Wednesday by the People’s Bank of China
  • Silver prices declined  last week  with decline in gold prices and stronger dollar index.
  • Natural Gas prices falls due to low demand.
  • The Japanese Yen rebounded last week due to the positive economic data sets.
  • GBP/USD dropped due to the stronger USD
  • Canadian dollar weakened due to disappointing economic data sets and sharp drop in the oil price.
  • Weak demand in China, and a slowing global economy, made the red metal narrower. The country’s demand matters because copper is used to make items as varied as electrical cables and coins, and China is the world’s largest importer.
  • Weakening U.S. dollar and  strike of Mine workers in South Africa  have plummeted platinum prices worldwide.

mmd

Commodities

  • Energy
    • Brent Up > 2.50%,  WTI Up  > 3.50%
    • Nat Gas Up > 1%
    • Coal API4 Down 1.50%, Coal NewC Flat, Rotterdam Down > 2%
  • Base Metals lead indices with weekly gains :
    • Tin Flat , Zinc Down > 2.50%
    • Lead Down > 3%, Nickel Up > 3%
    • Iron Ore Down > 2.50%
    • Aluminium Flat , Copper Flat
    • Steel Down > 4%
  • Precious Metals
    • Gold Flat , Platinum Flat, Palladium Flat
    • Silver Flat
  • Grains , Oilseeds and Softs
    • Cocoa Down > 4% ; Coffee Flat
    • Sugar Flat
    • Corn Up > 7.50%
    • Wheat Up > 8%
    • Soybean Up > 1%, Soybean Meal Flat, Soybean Oil Up > 1.50%,
    • Crude Palm Oil Up > 1.50%

Equity Indices

  • S&P Down > 2.50%, Dow Jones Down >2%, Nasdaq Down > 2.50%
  • Nikkei Flat
  • FTSE China A 50 Flat
  • MSCI World Down > 1%, MSCI EAFE Down > 1.50%, MSCI EMI Down > 1%
  • Stoxx 600 Down > 1.50%
  • India Nifty Flat
  • Hang Seng Up > 3.50%, H Shares Up > 3.50%
  • ASX SPI Flat
  • FTSE 100 Down > 1.50%

Currencies

  • EUR Flat, GBP Flat, AUD Flat
  • SGD Flat
  • CNH Flat, INR Flat, JPY Up > 1%,  BRL Flat
  • CHF Flat

Weekly Price Changes|Exchange Rates|Commodities|Equity Indices 22nd Aug to 26th Aug

Weekly Price Change 22nd Aug to 26th Aug|Exchange Rates|Commodities|Equity Indices

The dashboard provides a snapshot of the weekly price changes in futures contracts
for :

  • 9 Currencies : EUR USD , GBP USD , AUD USD , USD CHF , USD SGD, USD CNH, USD INR, USD JPY, USD BRL
  • 31 commodities :
    • Base Metals : Copper, Aluminium, Zinc, Nickel, Tin,Lead 
    • Precious Metals: Gold , Platinum , Palladium,Silver
    • Ferrous Metals :Steel , Iron Ore 
    • Energy : Crude Oil, Nat gas , Coal
    • Grains: Corn,Wheat
    • Oil Seeds: Soybean , Soybean Meal, Soybean Oil, Palm Oil
    • Softs: Coffee, Sugar
  • 14 Equity Indices : S & P 500, Nasdaq, Dow Jones, Nifty India, Hang Seng , China A Shares, China H shares , MSCI EAFE, MSCI EM , ASX API , FTSE 100, Stoxx Europe

mmd

Commodities

  • Energy
    • Brent Down > 1%,  WTI Down  > 2.50%
    • Nat Gas Up > 12%
    • Coal API4 Flat, Coal NewC Down > 1%, Rotterdam Flat
  • Base Metals lead indices with weekly gains :
    • Tin Up > 2% , Zinc Up > 1.50%
    • Lead Up > 1.50%, Nickel Down > 3%
    • Iron Ore Down > 3.50%
    • Aluminium Down > 1% , Copper Flat Down > 2%
    • Steel Flat
  • Precious Metals
    • Gold Flat , Platinum Down > 3%, Palladium Down > 2%
    • Silver Down > 3%
  • Grains , Oilseeds and Softs
    • Cocoa Down > 1.50% ; Coffee Up > 4%
    • Sugar Up > 4%
    • Corn Down > 2%
    • Wheat Down 4.50%
    • Soybean Down > 5.50%, Soybean Meal Down > 4%, Soybean Oil Down > 2%,
    • Crude Palm Oil Down > 10.50%

Equity Indices

  • S&P Flat, Dow Jones Flat, Nasdaq Flat
  • Nikkei Flat
  • FTSE China A 50 Flat
  • MSCI World Flat, MSCI EAFE Flat, MSCI EMI Down > 2%
  • Stoxx 600 Up > 1%
  • India Nifty Flat
  • Hang Seng Flat, H Shares Flat
  • ASX SPI Flat
  • FTSE 100 Flat

Currencies

  • EUR Flat, GBP Flat, AUD Flat
  • SGD Flat
  • CNH Flat, INR Flat, JPY Flat,  BRL Flat
  • CHF Down > 1%

Weekly Price Changes|Exchange Rates|Commodities|Equity Indices 15th Aug to 19th Aug

Weekly Price Change 15th Aug to 19th Aug|Exchange Rates|Commodities|Equity Indices

The dashboard provides a snapshot of the weekly price changes in futures contracts
for :

  • 9 Currencies : EUR USD , GBP USD , AUD USD , USD CHF , USD SGD, USD CNH, USD INR, USD JPY, USD BRL
  • 31 commodities :
    • Base Metals : Copper, Aluminium, Zinc, Nickel, Tin,Lead 
    • Precious Metals: Gold , Platinum , Palladium,Silver
    • Ferrous Metals :Steel , Iron Ore 
    • Energy : Crude Oil, Nat gas , Coal
    • Grains: Corn,Wheat
    • Oil Seeds: Soybean , Soybean Meal, Soybean Oil, Palm Oil
    • Softs: Coffee, Sugar
  • 14 Equity Indices : S & P 500, Nasdaq, Dow Jones, Nifty India, Hang Seng , China A Shares, China H shares , MSCI EAFE, MSCI EM , ASX API , FTSE 100, Stoxx Europe

The combination of a sharp decline in the Greenback and a Momentum-driven rally in oil prices weighed heavy on USD/CAD in the past week.

mmd

Commodities

  • Energy
    • Brent Up > 8.50%,  WTI Up  > 9.50%
    • Nat Gas Up > 2%
    • Coal API4 Flat, Coal NewC Flat, Rotterdam Down > 1%
  • Base Metals lead indices with weekly gains :
    • Tin Up > 2% , Zinc Up > 2.50%
    • Lead Up > 3%, Nickel Down > 1%
    • Iron Ore up > 1.50%
    • Aluminium  flat , Copper Flat
    • Steel Up > 3%
  • Precious Metals
    • Gold Flat , Platinum Flat, Palladium Up > 3.50%
    • Silver Down > 2%
  • Grains , Oilseeds and Softs
    • Cocoa 3.50% ; Coffee Flat
    • Sugar Flat
    • Corn Up 7%
    • Wheat Up 7%
    • Soybean Flat, Soybean Meal Down > 2%, Soybean Oil Up > 7.50%,
    • Crude Palm Oil Up > 1.50%

Equity Indices

  • S&P Flat, Dow Jones Flat, Nasdaq Flat
  • Nikkei Down > 2%
  • FTSE China A 50 Flat
  • MSCI World Flat, MSCI EAFE Flat, MSCI EMI Flat
  • Stoxx 600 Down > 1.50%
  • India Nifty Flat
  • Hang Seng Flat, H Shares Flat
  • ASX SPI Flat
  • FTSE 100 Flat

Currencies

  • EUR Up > 1%, GBP Up > 1%, AUD Flat
  • SGD Flat
  • CNH Flat, INR Flat, JPY Flat,  BRL Flat
  • CHF Up > 1%

Weekly Price Changes|Exchange Rates|Commodities|Equity Indices 1st Aug to 5th Aug

Weekly Price Change 1st Aug to 5th Aug|Exchange Rates|Commodities|Equity Indices

The dashboard provides a snapshot of the weekly price changes in futures contracts
for :

  • 9 Currencies : EUR USD , GBP USD , AUD USD , USD CHF , USD SGD, USD CNH, USD INR, USD JPY, USD BRL
  • 31 commodities :
    • Base Metals : Copper, Aluminium, Zinc, Nickel, Tin,Lead 
    • Precious Metals: Gold , Platinum , Palladium,Silver
    • Ferrous Metals :Steel , Iron Ore 
    • Energy : Crude Oil, Nat gas , Coal
    • Grains: Corn,Wheat
    • Oil Seeds: Soybean , Soybean Meal, Soybean Oil, Palm Oil
    • Softs: Coffee, Sugar
  • 14 Equity Indices : S & P 500, Nasdaq, Dow Jones, Nifty India, Hang Seng , China A Shares, China H shares , MSCI EAFE, MSCI EM , ASX API , FTSE 100, Stoxx Europe

Commentary

  • The dollar surged against the basket currency on the back of employment report.
  • The Australian dollar was still one of the strongest currencies against the dollar last week.
  • INR depreciated last week owing to strength seen in the US Dollar.
  • Non farm payrolls jumped by 2,55,000 in July its the second strong monthly growth.
  • Last week Asian markets Traded higher after BoE announced a post Brexit interest rate cut.
  • Brazil real currency plummeted citing strong dollar inflow to companies in the county.
  • Raw sugar futures surged as strength see in Brazil real currency attracted speculative buying.
  • U.S. soybean futures climbed  after the USDA reported better than expected export sales.

mmd

Commodities

  • Energy
    • Brent Up > 2.50,  WTI Up  > 1%
    • Nat Gas Down > 2%
    • Coal API4 Down > 5%, Coal NewC Down>3.50%, Rotterdam Down> 6%
  • Base Metals lead indices with weekly gains :
    • Tin Up > 1.50%, Zinc Flat
    • Lead Down > 2%, Nickel Down > 1%
    • Iron Ore Up > 4.50%
    • Aluminium Flat , Copper Down > 2%
    • Steel Up > 3%
  • Precious Metals
    • Gold Flat , Platinum Flat, Palladium Down  2.50%
    • Silver Down > 2.50%
  • Grains , Oilseeds and Softs
    • Cocoa Up > 7% ; Coffee Down > 1.50%
    • Sugar Up > 6.50%
    • Corn Flat
    • Wheat Flat
    • Soybean Down > 4.50%, Soybean Meal Down > 4%, Soybean Oil Up 2%,
    • Crude Palm Oil Up > 2.50%

Equity Indices

  • S&P Flat, Dow Jones Flat, Nasdaq Flat
  • Nikkei Flat
  • FTSE China A 50 Flat
  • MSCI World Flat, MSCI EAFE Down > 1%, MSCI EMI Flat
  • Stoxx 600 Down > 1%
  • India Nifty Flat
  • Hang Seng Up > 1.50%, H Shares Up > 1.50%
  • ASX SPI Up  1%
  • FTSE 100 Flat

Currencies

  • EUR Flat, GBP Down > 1%, AUD Flat
  • SGD Flat
  • CNH Flat, INR Flat, JPY Flat,  BRL Up > 2.50%
  • CHF Down > 1%

Weekly Price Changes|Exchange Rates|Commodities|Equity Indices 25th July to 29th July

Weekly Price Changes 25th July to 29th July|Exchange Rates|Commodities|Equity Indices

The dashboard provides a snapshot of the weekly price changes in futures contracts
for :

  • 9 Currencies : EUR USD , GBP USD , AUD USD , USD CHF , USD SGD, USD CNH, USD INR, USD JPY, USD BRL
  • 31 commodities :
    • Base Metals : Copper, Aluminium, Zinc, Nickel, Tin,Lead 
    • Precious Metals: Gold , Platinum , Palladium,Silver
    • Ferrous Metals :Steel , Iron Ore 
    • Energy : Crude Oil, Nat gas , Coal
    • Grains: Corn,Wheat
    • Oil Seeds: Soybean , Soybean Meal, Soybean Oil, Palm Oil
    • Softs: Coffee, Sugar
  • 14 Equity Indices : S & P 500, Nasdaq, Dow Jones, Nifty India, Hang Seng , China A Shares, China H shares , MSCI EAFE, MSCI EM , ASX API , FTSE 100, Stoxx Europe

Commentary

  • The USD traded lower against all the major currency.
  • Euro currency traded higher in the last week on account of robust release of economic datasets from the nation.
  • Gold Prices boosted  post BOJ monetary stimulus.
  • Coal prices have surged as the China forges with capacity closures.

mmd

Commodities

  • Energy
    • Brent Down > 4.50% ,  WTI Down  > 5.50%
    • Nat Gas Up > 3%
    • Coal API4 Up > 4%, Coal NewC Up >3%, Rotterdam Up > 4%
  • Base Metals lead indices with weekly gains :
    • Tin Flat, Zinc Down > 1.50%
    • Lead Down > 3%, Nickel Flat
    • Iron Ore Up > 7%
    • Aluminium Flat , Copper Down > 1%
    • Steel Up > 6%
  • Precious Metals
    • Gold Up 3% , Platinum Up > 6%, Palladium Up  3.50%
    • Silver Up > 3%
  • Grains , Oilseeds and Softs
    • Cocoa Down > 1.50% ; Coffee Up > 3%
    • Sugar Down > 2.50%
    • Corn Up > 2%
    • Wheat Down > 4%
    • Soybean Flat, Soybean Meal Up > 1%, Soybean Oil Up 2%,
    • Crude Palm Oil Flat

Equity Indices

  • S&P Flat, Dow Jones Flat, Nasdaq Up > 1%
  • Nikkei Down > 1%
  • FTSE China A 50 Flat
  • MSCI World Flat, MSCI EAFE Up > 1.50%, MSCI EMI Flat
  • Stoxx 600 Flat
  • India Nifty Up >1%
  • Hang Seng Flat, H Shares Flat
  • ASX SPI Up  1%
  • FTSE 100 Flat

Currencies

  • EUR Up > 1.50%, GBP Flat, AUD Up > 1.50%
  • SGD Up > 1%
  • CNH Flat, INR Flat, JPY Up > 3.50%,  BRL Flat
  • CHF Up > 1.50%

Weekly Price Changes|Exchange Rates|Commodities|Equity Indices 18th July to 22nd July

Weekly Price Changes 18th July to 22nd July|Exchange Rates|Commodities|Equity Indices

The dashboard provides a snapshot of the weekly price changes in futures contracts
for :

  • 9 Currencies : EUR USD , GBP USD , AUD USD , USD CHF , USD SGD, USD CNH, USD INR, USD JPY, USD BRL
  • 31 commodities :
    • Base Metals : Copper, Aluminium, Zinc, Nickel, Tin,Lead 
    • Precious Metals: Gold , Platinum , Palladium,Silver
    • Ferrous Metals :Steel , Iron Ore 
    • Energy : Crude Oil, Nat gas , Coal
    • Grains: Corn,Wheat
    • Oil Seeds: Soybean , Soybean Meal, Soybean Oil, Palm Oil
    • Softs: Coffee, Sugar
  • 14 Equity Indices : S & P 500, Nasdaq, Dow Jones, Nifty India, Hang Seng , China A Shares, China H shares , MSCI EAFE, MSCI EM , ASX API , FTSE 100, Stoxx Europe

Commentary

  • The American currency soared by 1 percent in the last week’s trading session owing to the robust release of economic datasets from the nation.
  • Euro Currency traded negative last week due to the outcome of ECB Monetary Policy where the president kept the interest rates unchanged.
  • Rate cut speculations have increased therefore volatility is been seen in AUD/USD.
  • The International Monetary Fund has cut its growth forecast for India from 7.5 per cent to 7.4 per cent, citing low private investment.
  • LME Copper prices finished the week with a positive demand implications for the metal .

mmd

 

Commodities

  • Energy
    • Brent Down > 3.50% ,  WTI Down  > 4%
    • Nat Gas Down > 1%
    • Coal API4 Flat, Coal NewC Flat, Rotterdam Down > 1.50%
  • Base Metals lead indices with weekly gains :
    • Tin Flat, Zinc Up > 2.50%
    • Lead Flat, Nickel Up > 3
    • Iron Ore Down > 2.50%
    • Aluminium Flat , Copper Up > 2%
    • Steel Down > 7%
  • Precious Metals
    • Gold Flat , Platinum Flat, Palladium Up > 5.50%
    • Silver Down > 1.50%
  • Grains , Oilseeds and Softs
    • Cocoa Down > 6% ; Coffee Down > 2.50%
    • Sugar Up > 1%
    • Corn Down > 2.50%
    • Wheat Up > 1%
    • Soybean Down > 6.50%, Soybean Meal Down > 6.50%, Soybean Oil Flat,
    • Crude Palm Oil Up > 2%

Equity Indices

  • S&P Flat, Dow Jones Flat, Nasdaq Up > 1.50%
  • Nikkei Flat
  • FTSE China A 50 Down > 1.50%
  • MSCI World Flat, MSCI EAFE Flat, MSCI EMI Flat
  • Stoxx 600 Flat
  • India Nifty Flat
  • Hang Seng Up > 1%, H Shares Flat
  • ASX SPI Up > 1%
  • FTSE 100 Flat

Currencies

  • EUR Flat, GBP Flat, AUD Down > 1%
  • SGD Flat
  • CNH Flat, INR Flat, JPY Flat,  BRL Flat
  • CHF Flat

NMDC : CMP 95, target 120 to 125 , time frame within 3 months , Stop Loss 80.00

After the successful call on Vedanta, (on 12th April 16), I initiate the call on NMDC.

NMDC is India’s largest iron ore producer, producing around 30 m MT of Iron Ore per annum. Approximately 95% of iron Ore produced is sold domestically. The book value per share as per the 2014-15 annual report is Rs 81.54 and the current market price (CMP) is Rs 95.00. The total dividend declared for FY 2014-15 was Rs 8.55 /share which provides a yield of around 9.00% before taxes at the CMP.

The stock price is correlated  to international prices of Iron Ore, though the quality of produce is on an average is inferior to 62 Fe Iron Ore fines.

Iron Ore prices have been broadly volatile between a 38 to 64 Dollar/ MT and are expected to remain volatile. With a new boss at Rio Tinto, the focus seems to be shifting from outright maintenance of market share to a more balanced perspective between profits, dividend and market share. Rio Tinto is up around 18% since June 16, NMDC by around 7% since June 16.

iron ore price vs nmdc

A breakout from the 38/64 channel could propel international Iron Ore prices into a new range between 80 to 90 dollars/MT. When the Iron Ore prices averaged around 56 dollars / MT, the NMDC price hovered at around 102.

There is an inverted head and shoulder formation in process on the NMDC chart which portends a breakout from the 85 to 106 range . Its early days , but the international commodity price scenario has changed from a grossly bearish one to that of stability . Prices , however do not remain stable, they eventually break out.

nmdc

Apart from the weekly trend line support, the 38.2 % Fibonacci retracement for the move from 190 to 78 , targets a 122 number.

Looking at the overall structure , would call a target between 120 to 125 within the next 3 months , going long at current market prices and adding to longs with a stop loss of 80.00 . 

 

Weekly Price Changes|Exchange Rates|Commodities|Equity Indices 11th July to 15th July

Weekly Price Changes 11th July to 15th July|Exchange Rates|Commodities|Equity Indices

The dashboard provides a snapshot of the weekly price changes in futures contracts
for :

  • 9 Currencies : EUR USD , GBP USD , AUD USD , USD CHF , USD SGD, USD CNH, USD INR, USD JPY, USD BRL
  • 31 commodities :
    • Base Metals : Copper, Aluminium, Zinc, Nickel, Tin,Lead 
    • Precious Metals: Gold , Platinum , Palladium,Silver
    • Ferrous Metals :Steel , Iron Ore 
    • Energy : Crude Oil, Nat gas , Coal
    • Grains: Corn,Wheat
    • Oil Seeds: Soybean , Soybean Meal, Soybean Oil, Palm Oil
    • Softs: Coffee, Sugar
  • 14 Equity Indices : S & P 500, Nasdaq, Dow Jones, Nifty India, Hang Seng , China A Shares, China H shares , MSCI EAFE, MSCI EM , ASX API , FTSE 100, Stoxx Europe

Commentary

  • A sharp decline was seen on Friday for EUR/USD due to strong retail sales figures from the US.
  • Sterling pound rose last week mainly due to the BoE decision to keep the rates unchanged.
  • Japanese Yen depreciated on stimulus hope.
  • Coal prices rise due to output cuts, supply disruptions  and increase in demand in some parts of the world
  • Metals traded higher last week owing to the stable GDP Data from China.
  • Demand for gold has declined as risk aversion was seen in the global market.

mmd

Commodities

  • Energy
    • Brent Up > 2% ,  WTI Up  > 1.50%
    • Nat Gas Down > 2%
    • Coal API4 Up >  2.50%, Coal NewC Up > 2.50%, Rotterdam Up > 2.50%
  • Base Metals lead indices with weekly gains :
    • Tin Up > 2.50%, Zinc Up > 3%
    • Lead Up > 4.50%, Nickel Down > 2.50%
    • Iron Ore Up > 3.50%
    • Aluminium Up > 1.50% , Copper Up > 4%
    • Steel Up > 1.50%
  • Precious Metals
    • Gold Up 3% , Platinum Flat, Palladium Up > 4%
    • Silver Down 1%
  • Grains , Oilseeds and Softs
    • Cocoa Down > 2% ; Coffee Up > 3%
    • Sugar Down > 1.50%
    • Corn Down > 1.50%
    • Wheat Flat
    • Soybean Down > 4%, Soybean Meal Down > 3%, Soybean Oil Up > 3%
    • Crude Palm Oil Up > 1%

Equity Indices

  • S&P Up > 1%, Dow Jones Up > 2%, Nasdaq Up > 1%
  • Nikkei Up > 2.50%
  • FTSE China A 50 Up > 2.50%
  • MSCI World NTR Up > 1%, MSCI EAFE Up > 1.50%, MSCI EMI Up > 3.50%
  • Stoxx 600 Up > 2%
  • India Nifty Up > 2.50
  • Hang Seng Up > 5.50%, H Shares Up > 6%
  • ASX SPI Up > 3.50%
  • FTSE 100 Flat

Currencies

  • EUR Flat, GBP Up> 1.50%, AUD Flat
  • SGD Flat
  • CNH Flat, INR Flat, JPY Down >4%,  BRL Flat
  • CHF Flat