Monday, May 14, 2012

MCX Commodity Market DATA For Today: 15th May

Gold erased all its gains for the year so far, as concern that Europe’s debt crisis is deepening strengthened the dollar and reduced gold’s safe-haven appeal as an alternative asset. Copper crumbled to a 4-month low, supported by selling in all commodities on fears of a slowdown in global economic growth amid the political impasse in Greece and signs of a struggling Chinese economy. Crude oil declined to a 5-month low, as Greece's inability to form a new government raised fears it might exit the euro zone while worries about China's economic slowdown weighed on the sentiments, sparking a broad sell-off in commodities.

Commodity Highlights

  • Gold below 4 – month low as dollar rises, stocks slide.
  • Brent crude drops towards $ 110 as greece cloude demand.
  • Copper hits near 1-month low on china woes.
  • Soyabean futures hit 4pc lower circuit as funds liquidate long positions.
Here are some important DATA for Commodities-
 
Time
Currency
Economic Data
Forecast
Previous
18:00:00
USD
Core CPI m/m
0.2%
0.2%
18:00:00
USD
Core Retail Sales m/m
0.3%
0.8%
18:00:00
USD
Retail Sales m/m
0.2%
0.8%
18:00:00
USD
CPI m/m
0.1%
0.3%
18:00:00
USD
Empire State Manufacturing Index
9.3
6.6
18:30:00
USD
TIC Long-Term Purchases
19.4B
10.1B
19:00:00
USD
FOMC Member Duke Speaks


19:30:00
USD
Business Inventories m/m
0.5%
0.6%
19:30:00
USD
NAHB Housing Market Index
26
25



 

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