MCX - WEEKLY NEWS LETTERS
✍ International News
1. Payrolls handling company ADP said private-sector payrolls improved by 204,000 last 30 days after increasing by 212,000 in This summer, with gains spread across a range of sectors. The Work Division, meanwhile, said initial statements for state lack of employment benefits increased 4,000 to a seasonally modified 302,000 for the 7 days finished Aug. 30, a little bit above objectives but remaining at levels consistent with shrinking labor market circumstances.
2. The European Central Bank cut rates to a fresh record low on Friday and released a new plan to force cash into the flagging European area economic system.
3. Crude inventories fell by 905,000 barrels in the a couple weeks ago, in contrast to analysts' objectives for an loss of 1.1 million barrels. Gasoline stocks USOILG=ECI fell by 2.3 million barrels, compared with analysts' expectations in a Reuters poll for a 1.3 million barrel drop.
SOURCES : Reuters

✍ Precious Metals
Silver fallen on Thursday as the western dropped against the money after the European Main Financial institution cut attention levels to record levels and said it would release an resource purchase program to prevent deflation. Early benefits in U.S. stocks motivated by powerful U.S. services industry activity also reduced bullion's safe-haven attraction.
ECB Chief executive Mario Draghi, discussing at a news meeting soon after the ECB suddenly cut already ultra-low attention levels by another 10 basis points, said the central bank would start buying securitized loans and protected ties next month. U.S. nonfarm payrolls data due on Saturday is predicted to give further clues about the world's biggest economic system and the moment of the Federal Reserve's move to increase attention levels.
Gold dropped on Thursday on better than predicted US financial information and the ECB interest rate cut. Data revealed U.S. companies employed employees at a stable video in August and services industry action multiplied to 6-1/2-year high, assurances the financial system was on monitor for durable development in the third one fourth. That perspective was strengthened by other information on Friday displaying only a slight increase in the number of People in America processing for unemployment benefits a week ago and a reducing in the business lack to its lowest point in six months in This summer.
We expect gold prices to trade on the adverse note in next week the on back of improving US economy and ECB’s financial policy.


✍ Base Metals
Nickel Price risen to their maximum in seven several weeks on Thursday as traders came back to the market on problems that the Philippines could follow Malaysia in prohibiting natural ore exports. Prices hopped 2.8 percent on Wed on the news that a Filipino senator had suggested a ban on raw materials exports.
Copper rebounded from two-week levels and other components also rose after the Western Main Bank cut interest levels to new record lows to support the stagnating European area economic system. More accommodate financial plan could free up assets for industry and traders, assisting components costs.
We anticipate Base Metal price to trade on the combined note the unwanted supply could move price and increase in liquidity could push price up.

✍ Energy
Crude oil trading lower on Thursday after a shock rate cut from the Western Main Financial institution enhanced the money and hit commodities priced in the U.S. forex . The ECB cut rates to a history low, suddenly bringing borrowing costs close to zero to raise rising costs from rock-bottom levels and assistance the stagnating European area economic system. The failures, however, were restricted by a fall in U.S. oil inventories, with information from the U.S. Energy Information Management (EIA) showing a 905,000-barrel fall last week. U.S. fuel inventories decreased 2.3 million barrels.
Natural Gas trading finished down five pennies on Thursday on forecasts contacting for moderating climate and a bigger-than-expected storage develop. The U.S. Energy Information Management said resources included 79 billion cubic legs of gas into storage space a couple weeks ago. That was over analyst estimates for a develop of 73 bcf. It was also over develops in the before week of 75 bcf, 60 bcf in the same A week a year ago and a regular of 56 bcf over the past five years.
MDA Weather Services prediction warmer-than-normal climate on the East and Western shorelines over the next five times before chilly weather takes over the Mid-Continent and Eastern over the following six to 15 days.

NCDEX - WEEKLY NEWS LETTERS
✍ NCDEX Circular

✍ Trading and Clearing Members are requested to note that the Exchange, as per the Bye-laws, Rules and Regulations of the Exchange and with the approval of the Forward Markets Commission, has modified the contract specification in the JEERA futures contracts (Symbol: JEERAUNJHA) expiring in the months of January 2015 and thereafter.
✍ The contract expiring in the month of January 2015 will be available for trading from September 01, 2014. Contracts for further expires will be launched as per the enclosed contract launch calendar.
✍ Currently, JEERA futures contracts (Symbol: JEERAUNJHA) expiring in September 2014, October 2014, November 2014 and December 2014 are available for trading and would continue to be traded as per existing contract specifications


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