✍ MCX - WEEKLY NEWS LETTERS
INTERNATIONAL NEWS

1. US Last GDP for the last quarter stayed the same at 2.2 %.

2. Japan’s Prelim Industrial Production for delved to 3.4%.

3. UK’s National HPI for the 30 days of dropped to 0.1 %.

Asian markets are trading soft due to a week’s holiday on account of Easter time being recognized across the world and an future U.S. jobs review that could affect the moment of the first increase in interest levels.

The US dollar index dropped by 0.7 % a couple weeks ago after the release of poor US economic data which hit the trader feeling on displaying slow growth of the U.S. economy less than prediction in the fourth quarter and another review displaying that customer feeling worsened this 30 days. Also stress in Middle-East and rapid climb of US Money led to companies taking back their profits.
US index made a every week low of 96.32 and shut at 97.52 on Saturday.

US Final GDP for remain the same at 2.2 % as in comparison to its previous quarter. US Improved UoM Consumer Sentiment for the 30 days of Goal dropped less than estimated to 93.0 as in comparison to 91.2 in Feb.

indian Rupee dropped by 0.2 % in the a couple weeks ago on month-end requirement for the American forex from banks and importers. Also, stress in middle-east reduced the risk appetite, thereby harming the requirement for the forex.
✍ PRECIOUS METAL

Silver prices in the international markets rose by 1.32 percent and closed at $16.95/oz. On the MCX, silver prices rose by 1.6 percent and closed at Rs.38395/kg.
Last week, spot silver prices in the international markets traded higher in tandem with rise in gold prices. Weak dollar further boosted the metal prices acting as a positive factor.
In the international markets, gold prices rose by 2.02 percent last week and closed at $1198.8/oz. On the MCX, gold prices jumped by 1.48 percent last week and closed at Rs.26569/10 gms.
Gold price increased last week after a knee-jerk respond to increasing stress in the Center Eastern broken shares and forced traders into resources considered as lower-risk, such as bullion.
Investors favoring bullion over the past few days because of a downturn in the money after the Government Reserve's careful position on the U.S. economic system and reducing chance of an early amount increase.
Federal Source policymaker Wayne Bullard said last Wednesday that a first amount increase "sometime in the summer" would still keep financial plan extremely accommodative, and that market objectives should be better arranged with those of the Fed considering the present "boom time" for the U.S. economic system.

✍ ENERGY
US crude was boosted by the strong economic data. The U.S. Commerce Department announced that new home sales jumped 7.8 percent to a seasonally-adjusted annual rate of 539,000 units last month, the highest since February 2008.
Financial information services firm Markit said its U.S. Manufacturing Purchasing Managers' Index rose to its highest since October.
Last week, WTI oil prices in the international markets rose by 6.89 percent and closed at $48.87/bbl. On the MCX, crude prices rose by 6.92 percent and closed at Rs.3152/bbl.
Oil price higher on both ends of the Ocean with a U turn in WTI as well as Brent raw. Air attacks in Yemen by Saudi Arabic and its Beach Arabic companions stimulated worries that escalation of the Center Eastern fight could affect world raw provides.
The Saudi army function against the Iran-backed Houthi rebels, who have motivated Yemen's chief executive from the investment Sanaa, has not impacted oil features of major Beach manufacturers.
Weak us index, battling in Yemen and risky buying enhanced raw costs regardless of U.S. stocks building to history peaks for an Eleventh week.

✍ BASE METAL
MCX copper prices jumped by 0.7 percent last week and closed at Rs.384.9/kg on Friday owing to Rupee depreciation.
Copper gained 0.3 percent last week as mine closures in Chile coupled with rally by Brent crude oil increased mine costs and spurred buying across the commodities sector. In addition, decline in LME stocks along with positive data from Germany supported gains.
However, sharp upside was restricted after data showed that Chinese manufacturing activity swung into contraction this month, underlining concerns over the health of the world's second largest economy. Also, orders for durable goods unexpectedly dropped in February, a sign the slowdown in global growth may be weighing on American manufacturers.
Base Metal on the LME from Aluminum and others greater last week due to sluggish dollar Federal Source Chair Jesse Yellen said rates would likely start increasing later this year though she strengthened her point that the speed of shrinking would be constant and would rely a lot on data.
However, concerns over China’s growth along with doubt in Portugal limited distinct benefits.
On the MCX, base materials except Aluminum and nickel greater in line with worldwide styles.




NCDEX - WEEKLY NEWS LETTERS

✍ JEERA
Jeera closed 0.03 % due to unfortunate rain fall. The investors and stockiest were definitely purchasing on inquiries for the exports. There are reviews of plants harm of the new year plants due to unseasonal down pours in Gujarat and Rajasthan.

According to Gujarat govt information launched on Nineteenth Jan 15, Jeera documented 2.64 lakh hac, 42% less planting in comparison to last year’s 4.54 lakh hac. The provides of Jeera predicted to development of the next 30 days due to appearance of new year plants.

Export purchases are redirected to Indian due to Geo-political stress in Syria and Poultry. .Jeera (cumin) exports have been 87,500 loads in the first six several weeks (Apr-Sep) of 2014-15, a increase of 25% from the corresponding interval of the past (Source: Spices or herbs Board)

The suppliers and stockiest are also purchasing on expectation of smaller routes in arriving 30 days on expectation of reduced manufacturing.

Jeera may trade on positive note, as there is good demand for exports. The retailers and stockiest are also buying at current market prices on anticipation of lesser arrivals in coming month on anticipation of lower production. However, arrival pressure and profit booking may cap the price rise..

✍ CHANA

NCDEX Chana Apr. futures closed higher on Friday by 0.11% Latest unseasonal down pours in growing areas might have impacted the development and growing of plants.
As per 2nd Advance Reports for 2014-15, Chana manufacturing approximated at 8.28 thousand plenty in comparison to 9.53 thousand plenty last year.

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