COPPER NEWS WITH ACCURATE TIPS FOR MCX TRADERS BY DSCOMMODITY

The copper-to-gold ratio, a crucial market barometer to monitor the stages of the business cycle, is starting to unmistakably display the first symptoms of an economic stagflation. And we might be at the beginning of a new major trend.

व्यापार चक्र के चरणों की निगरानी के लिए एक महत्वपूर्ण बाजार बैरोमीटर तांबा-से-सोना अनुपात, आर्थिक मंदी के पहले लक्षणों को स्पष्ट रूप से प्रदर्शित करना शुरू कर रहा है। और हम एक नई प्रमुख प्रवृत्ति की शुरुआत में हो सकते हैं।

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MARKET RELATED NEWS BY DSCOMMODITY

GOLD : was down on Friday morning in Asia, set for its second straight decline, with worries of big interest rate hikes from the U.S. Federal Reserve weighing on bullion demand.

Gold futures were down 0.21% to $1,825.95 by 12:01 AM ET (4:01 AM GMT). CRUDE : Oil was down on Friday morning in Asia as fears of slower demand from slowing U.S. economic growth and supply concerns weighed on the market. Brent oil futures inched down 0.09% to $109.94 by 12:46 AM ET (4:46 AM GMT) and crude oil WTI futures gained 0.14% to $104.42. COPPER : A bellwether for economic output with its wide range of industrial and construction uses, slid 3% in Shanghai and is down more than 7% for the week – its sharpest weekly fall since the pandemic-driven financial markets meltdown in March 2020. NIFTY : Sensex, Nifty, Share Prices LIVE: Indian benchmark indices opened higher with Nifty above 15,700 on the back of positive global cues. The Sensex was up 526.66 points or 1.01% at 52792.38, and the Nifty was up 163.50 points or 1.05% at 15720.20. HERO MOTOCORP :Earlier this month, the company deferred the July launch of its first electric two-wheeler as geopolitical tensions have led to supply constraints. At 09:20 hrs Hero MotoCorp was quoting at Rs 2,710.15, up Rs 39.30 or 1.47 percent, on the BSE. The share touched a 52 week high of Rs 2,994.55 and a 52 week low of Rs 2,148.00 on 23 June 2021 and 8 March 2022 respectively.Currently, it is trading 9.5 percent below its 52 week high and 26.17 percent above its 52 week low. Call/Whatsapp: 9058623625/8273111878 Or To know more visit us : https://www.dscommodity.com/index.php Or Follow Us: https://www.facebook.com/

UPCOMMING DATA AND EVENTS REPORT BY DSCOMMODITY

TentativeUSDBank Stress Test Results  
All DayNZDBank Holiday  
7:01pmGBPGfK Consumer Confidence-40-40
7:30pmJPYNational Core CPI y/y2.10%2.10%
7:50pmJPYSPPI y/y1.70%1.70%

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Steve Commodity: Copper, prices on COMEX, have witnessed a steep fall in the Asian session. For daily Basemetals updates & accurate tips, C/W-9045769763.

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