Neal Bhai Reports (NBR) – MCX Copper Prices settled down 0.39% at 438.25 but prices recovered from lows amid expectations of rising seasonal demand in the second quarter.
Commodities Weekly Research Report 09-04-18 To 13-04-18
Trend Sideways ⇒ Sell Gold MCX Between 30930 – 31030, Stop Loss (CBSL) – 31333 Target – 30556 ↔ 30320
Trend Sideways ⇒ Sell Silver MCX Between 38850 – 38950, Stop Loss (CBSL) – 39444, Target – 37700 ↔ 37525
Stocks in Asia fluctuated
Gold Silver Reports (GSR) – Stocks in Asia fluctuated — Chinese equity markets reopen after a holiday, though there seemed to be little reaction to President Donald Trump’s order for a review of additional tariffs that prompted an aggressive response from China. Hong Kong equities outperformed. The yen fluctuated ahead of remarks Monday by Bank of Japan Governor Haruhiko Kuroda at the start of his second term. While Friday’s selloff left U.S. stocks teetering on a key support level, futures on the S&P 500 Index climbed in early trading.
Stocks in Asia Looked Set to Fall After a Decline in U.S. Equities
Gold Silver Reports (GSR) – Stocks in Asia Looked Set to Fall After a Decline in U.S. Equities — Futures on equities in Japan and Australia fell, while those in Hong Kong nudged higher. Chinese equity markets are due to reopen after a holiday, with traders getting their first chance to react to President Donald Trump’s order for a review of additional tariffs that prompted an aggressive response from China. While Friday’s selloff left U.S. stocks teetering on a key support level, futures on the S&P 500 Index climbed in early trading.
China Foreign Reserves Rise on Yuan Gains
Gold Silver Reports (GSR) – Reserves rose $8.34 billion to $3.143 trillion in March from the previous month, the People’s Bank of China said Sunday. That was slightly below the $3.146 trillion estimate survey of economists. The March figure marks a turnaround after falling in February for the first time in 13 months. The State Administration of Foreign Exchange expects the country’s foreign reserves will remain stable.