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Canadian inflation continues to ease, moving closer to the Bank of Canada's target

U.S. weekly jobless claims unexpectedly decrease

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

U.S. Consumer Confidence falls in September

Swiss franc likely to gradually depreciate against euro in coming months

U.S. vehicle sales fall again in November

Swedish economic sentiment indicator rises in November

U.S. existing home sales rise above expectations in October

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

Philippine central bank keeps interest rate unchanged at 2 pct

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

U.S. existing home sales decline in August

Bank Indonesia keeps key interest rate on hold at 3.75 pct

Germany's unemployment exceeds expectations in September

Australian private new capital expenditure likely fell further in Q3 2020 - ANZ

U.S. personal income and spending rose less than expected in August

Australian economic growth recovers strongly in Q3 2020

Commodities snapshot (precious & industrial)

Friday, April 1, 2016 1:10 PM UTC

Metal pack is green today. Performance this week at a glance in chart & table -

 

Gold –

 

  • Gold is down as NFP report showed labor market strong in March.  Today’s range $1217-1235
  • Gold is currently trading at $1219/troy ounce. Immediate support lies at $1180 and resistance at $1280 area.

 

Silver –

 

  • Silver is down in line with gold today. Today’s range $15.5-14.9
  • Silver is currently trading at $15/troy ounce. Support lies at $14.1 & resistance at $16

 

Copper –

 

  • Copper recovered from its earlier loss and now trading in green. Today’s range $2.2-2.165
  • Longer term Call – Sell Copper targeting $1.75/pound but will sell higher.  Copper selloffs may intensify and price might test $2 area once more in the near term.
  • Copper is currently trading at $2.19/pound, immediate support lies at, $2.12 & resistance at $2.26, $2.42

 

Gold

+0.25%

Silver

+1.06%

Copper

 -3.26%

 

 

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