Gold - Jan 27, 2021 - Reliance Securities
Posted On:
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International gold prices are trading marginally weak this Wednesday morning and early afternoon trade in Asia, ahead of the U.S. Federal Reserve policy decision due later in the day.
The Fed concludes a two-day policy meeting and will hand down its policy decision later in the day. The central bank is widely expected to keep policy steady.
Investors also await details of the U.S. stimulus measures.
The U.S. Dollar Index was flat to marginally higher this Wednesday morning and early afternoon trade in Asia and kept upside limited.
Crude Oil - Jan 25, 2021 - Reliance Securities
Posted On:
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International oil prices are trading marginally higher this Monday morning and early afternoon trade in Asia.
However, upside remained capped as renewed COVID-19 lockdowns raised fresh concerns about global fuel demand.
Investors will also be watching out for any fresh cues from the resumption of talks between the United States and Iran on a nuclear accord.
Technically, WTI Crude Oil is trading on a positive note above $52.20 levels where it could trade in a range of $51.25-$52.92 levels.
Domestic oil prices are trading marginally higher this Monday morning and early afternoon trade, tracking overseas prices.
Gold - Jan 25, 2021 - Reliance Securities
Posted On:
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International gold prices are trading marginally weak this Monday morning and early afternoon trade in Asia.
However, hopes that the U.S. would pass more stimulus measures which could kickstart the economic recovery from COVID-19 capped losses.
On the central bank front, the Federal Reserve will meet for its first policy meeting in 2021 on Tuesday, with its decision to be handed down on Wednesday.
Technically, LBMA Gold Spot took a resistance near $1858 levels and below which could see a downside move up to $1845-$1836 levels. Resistance at $1860-$1866 levels.
Rupee - Jan 25, 2021 - Reliance Securities
Posted On:
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
The Indian Rupee appreciated against the U.S. Dollar this Monday tracking gains in regional currencies and on foreign inflows into local equities.
The Rupee ended at 72.94 compared with 72.98 in the previous session. The rupee had initially appreciated to 72.89 earlier in the session.
Most Asian currencies were stronger against the dollar despite the Greenback showing resilience this Monday.
The Federal Reserve will meet for its first policy meeting in 2021 on Tuesday, with its decision to be handed down on Wednesday. The thing to watch out for will be whether the Fed changes its outlook on the U.S. Economy as covid-19 continues to threaten the recovery.
Silver - Jan 25, 2021 - Reliance Securities
Posted On:
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International and domestic silver prices are trading marginally weak this Monday morning and early afternoon trade.
Technically, LBMA Silver Spot holds a strong support near $24.20-$24.90 levels where prices could bounce back and could trade on bullish momentum up to $25.94-$26.45 levels.
Technically, MCX Silver March is trading near 66500 level above which will continue its bullish rally up to 67200-67900 levels. Support is at 65800-65000 levels.
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