31 March Support & Resistance Level Fundamental & Technical Outlook

Energy

Oil falls as U.S. crude stocks hit record for seventh successive week

Oil futures fell in Asian trade on Thursday amid renewed worries of global oversupply after official data showed U.S. crude inventories rose last week to a record for the seventh time in a row.

Bullions

Gold prices flat in Asia with investors looking to nonfarm payrolls

Gold traded mostly flat in Asia on Thursday with investors on the sidelines ahead of nonfarm payrolls data at the end of the week that is expected to set the tone on the prospects of a near-term Fed hike.

Currency

Dollar on the defensive as Fed’s dovish message hits home

Investors gave the dollar a wide berth early on Thursday as dovish comments from Federal Reserve Chair Janet Yellen continued to resonate, dampening demand for the currency.

Base Metals

Copper Leads Metals Lower in London as China Demand Growth Slows

Copper dropped for a fifth day, the longest losing streak since January, amid growing skepticism about demand in China. Most other metals traded lower in London.

30 March Support & Resistance Level Fundamental & Technical Outlook

Energy

Oil prices rebound on less than expected build in stocks

Oil futures rebounded in Asian trade on Wednesday, buoyed by a forecast for a less than expected build in crude oil stockpiles last week.

Bullions

Gold prices gain in Asia as investors note Yellen views as dovish

Gold prices rose in Asia on Wednesday as Fed chief Janet Yellen painted a more dovish picture on the path of interest rate hikes compared to recent statements from colleagues.

Currency

Yen slightly weaker in Asia on IP data, Yellen views eyed

The yen was slightly weaker in Asia on Wednesday as provisional industrial production estimates came in weaker than seen and overnight comments from Fed chief Janet Yellen were assessed.

Base Metals

Copper slips

London copper edged lower, as the dollar held firm but was underpinned by signs of a revival in China’s housing market, with trade beginning to tail off ahead of Easter holidays later this week.

29 March Support & Resistance Level Fundamental & Technical Outlook

Energy

NYMEX crude falls in Asia with API estimates in focus

Oil prices eased in Asia on Tuesday with U.S. industry data ahead on stockpiles. On the New York Mercantile Exchange, WTI crude for May delivery fell 0.15% to $39.33 a barrel.

Bullions

Gold prices gain in Asia with investor focus on Yellen

Gold posted modest gains in Asia on Tuesday ahead of remarks by Fed chief Janet Yellen to set the tone ahead of the April rate meeting.

Currency

Yen turns weaker as retail sales gain less that expected

The yen weakened in Asia on Monday, giving up earlier gains after a mixed data set on household spending, unemployment and disappointing retail sales. USD/JPY changed hands at 113.64, up 0.17%, while AUD/USD traded at 0.7549, up 0.05%.

Base Metals

Copper’s rally proves fleeting amid weak global demand outlook

It’s been barely a month since investors first started betting on a copper rally, and they’re already on the retreat.

28 March Support & Resistance Level Fundamental & Technical Outlook

Energy

Oil prices rise in thin Asian trade after break

Oil prices rose in early Asian trading on Monday after a three-day break, but volumes were tiny as a number of markets remain on holiday for Easter.

Bullions

Gold prices dip in early Asia with Yellen speech ahead this week

Gold prices eased in Asia on Monday with investors eyeing a speech later in the week by Federal Reserve chief Janet Yellen.

Currency

Dollar on firm footing; awaits data, Fed comments

The dollar nudged up against the euro and yen on Monday, after rebounding last week following a series of comments from U.S. Federal Reserve officials who supported the case for more interest rate hikes.

Base Metals

Elsewhere in metals trading,copperfor May delivery dipped 0.6 cents, or 0.29%, on Thursday to end at $2.229 a pound.

For the week, Comex copper prices slumped 5.6 cents, or 2.46%

23 March Support & Resistance Level Fundamental & Technical Outlook

Energy

Oil futures fall after latest stockpile build

Oil prices fell in early Asian trading on Wednesday after figures from an industry group showed U.S. stockpiles had risen more than expected.

Bullions

Gold holds gains in Asia on risk sentiment after Belgium bombings

Gold prices held mostly steady in Asia on Wednesday, retaining overnight gains linked to risk sentiment after deadly bombings in Belgium.

Currency

Yen gains in Asia on risk sentiment after Belgium bombings

The yen gained on Wednesday in Asia as investors kept an eye on security responses to a deadly bombing in Belgium overnight and looked to safe-have assets.

Base Metals

Base metals steady, China demand clues awaited

Copper prices steadied as the market waited to see whether signs of stronger demand in top consumer China are confirmed over coming months.

22 March Support & Resistance Level Fundamental & Technical Outlook

Energy

Oil futures rise as commodity rally holds

Oil prices rose in early Asian trade on Tuesday, adding to gains from the previous session after data showed U.S. crude inventories fell for the first time since January and as commodity prices broadly strengthened.

Bullions

Spot gold steadies, but may resume fall as rate hike worries resurface

Spot gold steadied on Tuesday after falling for three days, but looked at risk of further weakness as the dollar edged up after a Federal Reserve official speculated the next U.S. rate rise could come as soon as April.

Currency

Dollar perks up with Fed hike seen back in play

The dollar held firm early on Tuesday, having extended its rebound for a second session after two Federal Reserve officials supported the case for a hike in interest rates sooner rather than later.

Base Metals

Copper Settles Higher on Rising Chinese Imports

Copper prices settled higher on Monday, as Chinese data showed a jump in the country’s copper imports in February.

21 March Support & Resistance Level Fundamental & Technical Outlook

Energy

Crude oil falls for 2nd day as U.S. oil rig count rises

Crude oil slid for a second session on Monday, falling further from last week’s 2016 highs on concerns over a supply glut after the U.S rig count rose for the first time since December.

Bullions

Gold eases, but underpinned by weaker dollar

Spot gold eased on Monday, but found support from a weaker dollar as the U.S. and European central banks kept alive the prospect of cheaper capital for longer.

Currency

Dollar on the back foot, sterling unsettled by politics

The dollar stayed on the defensive early on Monday, having extended its losses for a third week in the wake of dovish signals from the Federal Reserve.

Base Metals

Comex copper prices rose 1.7 cents, or 1.83%, boosted by a weaker dollar and a more dovish U.S. rate outlook.

Elsewhere in metals trading, Copper for May delivery hit a daily high of $2.323 a pound, a level not seen since November 4, before giving back gains to end the week at $2.282, down 1.0 cent, or 0.44%.

18 March Support & Resistance Level Fundamental & Technical Outlook

Energy

U.S. oil hits 2016-high on hopes for output freeze

U.S. oil futures touched new highs for 2016 on Friday, adding to strong gains the previous session as optimism grew that major producers would strike a deal to freeze output, while a more benign interest rate environment also supported prices.

Bullions

Gold gains in Asia as BoJ minutes show sharp debate over easy policy

Gold prices gained in Asia on Friday with minutes from the Bank of Japan casting a shadow on easy monetary policies. On the Comex division of the New York Mercantile Exchange, gold for April delivery rose 0.17% to $1,267.00 a troy ounce.

Currency

Yen gains as BoJ minutes show policy debate growing

The yen gained smartly as debate about the direction of Bank of Japan monetary policy grows among the nine board members, according to minutes of the January meeting released on Friday.

Base Metals

Copper Prices Rise on Weaker Dollar After Fed Lowers Rate Expectations

Copper futures rose Thursday in tandem with other metals as the U.S. dollar fell, a day after the Federal Reserve delivered a more dovish-than-expected message at its monetary policy meeting.

17 March Support & Resistance Level Fundamental & Technical Outlook

Energy

Oil rises 2 percent, adds to gains after supplier meeting agreed

Oil futures rose 2 percent in Asian trade on Thursday, adding to strong gains in the previous session after the world’s biggest suppliers firmed up plans to meet to discuss an output freeze.

Bullions

Gold prices gain in Asia after Fed on overall direction of policy track

Gold jumped in Asia on Thursday in the wake of a cautious Fed outlook on interest rates, though investors noted the scope for further hikes remained possible even as the forecast pace was trimmed.

Currency

EUR/USD surged to its highest level in a month, as the dollar fell precipitously on Wednesday afternoon after the Federal Reserve lowered its interes

The currency pair traded in a broad range between 1.1058 and 1.1241 in Wednesday’s session before settling at 1.1217, up 0.99% on the session.

Base Metals

Metals rally on dovish Federal Reserve statement

The US Federal Reserve left rates unchanged at 0.50 percent and expanded the timeline for further rate hikes, which sank the dollar and boosted industrial and precious metals.

16 March Support & Resistance Level Fundamental & Technical Outlook

Energy

NYMEX crude up in Asia as API data shows sharp gasoline stocks drop

Crude oil prices pointed higher in early Asia on Wednesday after industry data on U.S. crude and refined product stockpiles showed a sharp drop in gasoline supplies.

Bullions

Gold gains in Asia with Fed in focus on rate path prospects in 2016

Gold prices edged up in Asia with all eyes on the upcoming Federal Reserve policy review expected to hold steady, but offer fresh commentary on the likely path for the remainder of the year.

Currency

EUR/USD flat, as traders exercise caution ahead of Fed rate decision

EUR/USD inched up on Tuesday in a quiet day of trading, as foreign exchange traders await the release of the Federal Reserve’s monetary policy statement.

Base Metals

Copper drifts ahead of Fed; China hopes support

Three-month copper on the London Metal Exchange edged down by 0.3 percent to $4,936 a tonne by 0146 GMT, extending losses from the previous session.