BUSINESS
'Commodities may struggle to gain momentum unless US dollar corrects significantly'
The US currency has been edging up benefiting from rising bond yields
BUSINESS
Still too soon to call an end to gold's bull run, this may just be a pause: Ravindra Rao of Kotak Securities
The pandemic crisis is far from over and large-scale vaccination may take time. The recovery seen in the global economy in the last few months is largely dependent on the virus situation as well as government stimulus measures.
BUSINESS
Commodities continue to sway to bond yields, developments on virus front
The surge in bond yields and thereby gains in the dollar have pressurised commodities, which gained following the nod to the $1.9-trillion US stimulus package and an accommodative stance of global central banks.
BUSINESS
Commodities remain volatile as focus is on bond yields: Ravindra Rao
The next key event that could determine the trend in bond yields is the Fed Reserve meeting on March 17. The Fed has acknowledged rising yields as a concern but has stopped short of taking any measures.
BUSINESS
Cotton prices may take a breather after 9 straight months of rally: Ravindra Rao of Kotak Securities
Demand from domestic millers is reported to be limited at such higher price levels, which may keep Cotton prices under check in coming few weeks.
BUSINESS
Rising bond yields could continue to threaten commodity market: Ravindra Rao of Kotak Securities
Bond yields have continued to rise even as central banks have maintained that accommodative monetary policy may remain in place.
BUSINESS
Trend in US dollar may continue to decide direction of commodities
In the near term, market focus will be on how soon US stimulus is approved as well as economic data from major economies.
BUSINESS
US stimulus plans, COVID situation to dictate commodity prices next week: Ravindra Rao of Kotak Securities
Liquidity may take a hit as Chinese markets are closed for Lunar holiday from February 11-17.
BUSINESS
Budget 2021 | Changes in customs duty may affect commodity prices: Ravindra Rao of Kotak Securities
For the commodities market, there has been no change in commodities transaction tax. We have however seen few changes in customs duty which may affect commodity prices.
BUSINESS
Commodities to struggle for direction amid China, virus uncertainties
Overall, the undertone for commodities remains positive but the momentum has halted for want of positive triggers.
BUSINESS
Six expectations from Budget 2021 for Commodity market by Kotak Securities
The focus of Budget 2021-2022 could be largely to mend the economy and boost growth and fight inflationary pressures. While the economy came under pressure, the commodities market was also not left unaffected.
BUSINESS
Fed's stance to determine direction for US dollar, commodities
With rising virus cases, uneven economic recovery and low inflation, there is little reason for the Fed to change its monetary policy.
BUSINESS
New coronavirus strain, US-China tensions will test commodities
The dollar index has been on a downslide and with stimulus expectations and worsening virus situation in the US, the general outlook remains weak.
BUSINESS
Commodities set to end the year with a mixed bag of hope and uncertainty: Ravindra Rao
While the overall undertone is still positive, virus concerns are far from over and unless the outbreak is controlled, risk may persist.
BUSINESS
Commodities continue to hit fresh multi-month highs on US stimulus hope, weak dollar
The trend has remained positive with markets seemingly replicating the qualities of mythical sword of Gryffindor – taking in only what makes it stronger.
BUSINESS
Commodities register cautious gains amid increasing challenges
One of the major reasons for the rally across asset classes in the last few months has been the huge influx of monetary inflows as central banks cut interest rates and infused liquidity to boost growth.
BUSINESS
Commodities to remain directionless amid uncertainty over US elections: Kotak Securities
A win by President Trump means the US may continue to pressurize China but we need to see if Joe Biden will maintain the status quo or soften its stance.
BUSINESS
See choppy trade in gold amid US stimulus development; buy on dips: Kotak Securities
Gold along with other commodities has turned choppy amid volatility in equity and currency markets as market players assess possibility of US stimulus deal.
BUSINESS
US stimulus measures, Brexit negotiations, virus scare likely to keep gold prices choppy: Kotak Securities
We however maintain buy on dips view as increasing challenges to global economy may increase gold’s safe haven appeal while US dollar may remain pressurized by concerns about health of US economy.
BUSINESS
Resurgence in COVID cases, poor China data to affect commodity prices: Kotak Securities
US stimulus talks will impact the outlook of the US economy as well as general risk sentiment and trend in the US dollar and thereby commodities at large.
BUSINESS
Base metals may witness choppy trade amid rising virus cases, uncertain economic recovery: Kotak Securities
Base metals may witness choppy trade as market players assess situation relating to US stimulus, Brexit and virus outbreak.
BUSINESS
Lack of clarity on OPEC production stance, US stimulus likely to keep oil prices choppy: Kotak Securities
Crude oil may remain choppy until there is more clarity on OPEC production stance and US stimulus however, we maintain sell on rise view amid increasing challenges to demand.
BUSINESS
Gold likely to remain choppy, stick to buy-on-dips approach: Kotak Securities
Gold may continue to witness choppy trade until more clarity emerges on the second US stimulus package.
BUSINESS
Volatile equity markets, US dollar likely to keep gold prices choppy: Kotak Securities
Gold may remain choppy as equity markets and US dollar are likely to remain volatile amid uncertainty relating to US stimulus package and US Presidential elections. The general bias however may be on the upside as uncertainty about US economy may keep pressure on US dollar.
