Neal Bhai MFA Technical Analyst – MCX Silver Tips Below 40100 Only Sell, Silver MCX Trading Zone 39200-40100 – U.S. retail sales increased marginally in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter. Federal Reserve Chair Jerome Powell’s top deputies are edging toward a clash that could shape the pace of interest-rate hikes in coming months, as well as how the Fed should prepare for and combat the next economic downturn.
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RBI Announces Further Restrictions On Allahabad Bank
Gold Silver Reports (GSR) – RBI Announces Further Restrictions On Allahabad Bank — Allahabad Bank has been under the RBI’s PCA framework since January 2018. The fresh restrictions placed by RBI on the bank represent a second round of corrective measures.
India CPI Inflation Rises To 4.58% In April
India CPI Inflation – The index of consumer price inflation stood at 4.58 percent in April, overturning a three month slide from its peak, according to data released by the Central Statistics Office. Economists polled Expected CPI inflation at 4.41 percent. Inflation stood at 4.28 percent in March, and 4.4 percent in February.
Commodities Weekly Research Report Forecast 14-05-18 To 18-05-18
Trend Up ⇒ Buy Gold MCX Between 31150 – 31250, Stop Loss (CBSL) – 30820 Target – 31710 ↔ 31944 ↔ 32120
Trend Up ⇒ Buy Silver MCX Between 39600 – 39800, Stop Loss (CBSL) – 39001, Target – 40780 ↔ 41380