Weekly Commodity Podcast With Ravindra Rao | 12th Dec 2022
Kotak Market Mantra di Kotak Securities
Note sull'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 ...