The Indian rupee has turned into Asia’s worst-performing currency from being the best in the previous quarter. It’s poised for more losses as a resurgence in coronavirus cases to a record threatens to hamstring the economy.
Copper prices CMCU3 have extended their sharp recovery last week from the March lockdown lows of $4,371 to $7,973.5 a tonne, the highest since February 2013, buoyed by China’s solid demand and hefty investments by speculators amid monetary policy easing. views the current prices do not reflect fundamentals and the rally has been overdone.
The US Dollar rallied more than 0.4% this week with DXY marking the second consecutive weekly advance. The rally takes the index nearly 2% off the monthly lows with the rally now eyeing initial resistance hurdles just higher.
MCX Silver Stop Loss Hit……. Call Close – Neal Bhai
Recently, the price has headed higher, bringing down the gold-silver ratio, the all-important indicator of how many ounces of silver would be needed to buy an ounce of gold.
MCX Nickel Target 900 full Hit Wait For 2nd Target 920 – Bola Tha Buy only
MCX Nickel Trading Tips : MCX Nickel Target Level 900—920, Above 800 Level Any Panic buy
Copper MCX Price Target 408—413 – Any Big Panic Buy And Sleep – Neal Bhai
Shanghai copper prices rose to a near four-week high on Monday as supply worries rose following a fall in inventories and suspension of operations in major producer nations.