Weekly Commodity Podcast With Rav...
Weekly Commodity Podcast With Ravindra Rao | 12th Dec 2022

Kotak Market Mantra por Kotak Securities

Notas del episodio

Highlights of this week's Commodity Podcast:

• It was a mixed week for commodities and the U.S. dollar index as encouraging economic data print supported the recovery in the dollar and capped commodity gains.

• This week’s U.S. CPI data will be an important market mover as a softer print might support the belief that inflation is actually moderating.

• The consensus is high for a 50-bps point hike by the Fed this week.

• Precious metals traded mixed. It will be a crucial week for the precious metals as the U.S. CPI print and the FOMC meeting will drive prices.

• WTI Crude oil saw a sharp drop of over 11% in the previous week.

• We expect limited downside in crude oil as any bullish factor might trigger a sharp short covering.

• On the metals front, all except aluminium and lead traded positive in the we ... 

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