MCX Zinc Base Metal Commodity Trading Tips CMP- 182 Dt 26 Aug 2019

MCX Zinc

Markit also reported that Germany’s factory sector remained in contraction, raising concerns over the global economy. The German IHS Markit PMI for manufacturing rose marginally to 43.6 in August, from 43.2 in July. Meanwhile, services PMI hit a seven-month low level of 54.4 as against the previous month?s reading of 54.5 and 54 anticipated.

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Precious Metals: Near Term Correction Due

Silver Price Forecast: Technical Set-up Favors Bearish Traders

Precious Metals – ABN AMRO’s Senior precious metals strategist, Georgette Boele, notes that gold prices have gained 17% this year and argues that gold prices have risen too sharply in a short period and are likely to make a correction in the coming months.

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Bank Nifty Trading Tips – Below 28200 Any Rise Sell Sell Target 27150—26300 Very Very Soon – Neal Bhai

Bank Nifty Trading Tips – Below 28200 Any Rise Sell Sell Target 27150—26300 Very Very Soon – Neal Bhai

Indian equity markets and the rupee fell on Monday amid political uncertainty in Jammu and Kashmir. The Indian currency also declined in the backdrop of speculation that Beijing may allow currency depreciation to counter US President Donald Trump’s latest tariff threat.

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