Commodity Catch-up with Ravindra Rao | 28th November 2022
Kotak Market Mantra por Kotak Securities
Notas del episodio
Highlights of this week's Commodity Podcast:
• Commodities traded mixed last week with precious metals trading flat to positive, whereas Industrial metals and oil fell.
• The Chinese central bank reduced the reserve requirement ratio by 0.25%, while the FOMC minutes showed policymakers were with the view of slower rate hikes ahead.
• US Dollar index fell by more than 1% after the release of the minutes.
• The focus for the week will be on U.S. economic data prints including Q3 GDP, ISM Manufacturing PMI, and monthly jobs report.
• Weakening data points will be negative for dollar index and positive for precious metals.
• Oil witnessed wild swings in the previous week; focus will now shift to Dec 4th OPEC meeting.
• Liquidity injection by the Chinese central bank in the form of a RRR cut by 0.25% might sup ...