Wednesday 8 August 2018

Five "O" Clock Currency and Commodity Report : 8th August 2018


Five “O” Clock Currency Commodity Report
Closing prices:
Usd/Inr: 68.6250
Sensex: 37691.89
Nifty: 11450.00
Current rates
Spot Gold: $1211.20
Spot Silver: $15.3650
MCX Gold October: Rs.29610
MCX Silver September: Rs.37921
Nifty continues to close higher every day on the back of global cues. US bond yields will be the key to US dollar. There will be a direct correlation between US dollar Index and US bond yields. Once again today, there is no significant US economic data release. Better to remain on sidelines and trade for small profit today. US weekly crude oil inventory can change the recent consolidation phase of crude oil. Gold and silver are trading with a softer bias in early European session.

No comments:

Post a Comment