Morning Market Report
1
Thursday, June 19, 2014
Indications only, open & closing prices are bids; data source: Bloomberg; important disclaimer below; Times as per Dubai
OTC Trading Range For 18/06/2014 Open At 02.00 High Bid Low Offer Close At 01.15 Previous Close Daily Change USD Daily Change % London Fixings AM PM COMEX Trading Volume Active Month Settlement Previous Session Daily Change EFP's Forwards & Options GOFO USD LIBOR Gold ATM Vols Silver ATM Vols Platinum ATM Vols Palladium ATM Vols
All Times Are Gold
As Per Dubai Silver
Date Platinum
19/06/2014 Palladium
$1,270.62
$19.75
$1,441.44
$818.75
$1,278.58
$19.92
$1,459.60
$831.45
$1,266.42
$19.68
$1,437.44
$816.50
$1,277.71
$19.89
$1,450.88
$825.70
$1,270.58
$19.75
$1,440.06
$818.75
$7.13
$0.15
$10.82
$6.95
0.56%
0.73%
0.75%
0.84%
$1,269.00
-
$1,447.00
$825.00
$1,269.75
$19.73
$1,451.00
$827.00
86,596
51,106
16,230
4,278
$1,272.70
$19.78
$1,450.80
$822.65
$1,272.00
$19.73
$1,443.10
$816.70
$0.70
$0.05
$7.70
$5.95
-0.10/+0.20
0.00/+0.03
0.00/+3.00
-1.00/+2.00
1 Month
3 months
6 months
12 months
0.05600
0.07400
0.09400
0.15600
0.153
0.231
0.32540
0.55060
10.98
11.88
13.11
14.17
17.44
18.15
18.78
20.14
16.56
17.29
17.94
17.94
19.69
20.19
20.49
21.43
ď ś Market Daily & Weekly: Market Snap Shot XAU XAG XPT XPD Euro
18/06/2014
1 Day%
1 Week %
$1,277.71
0.56
0.33
$19.89
0.73
1.80
$1,450.88
0.75
0.50
$825.70
0.84
0.45
1.3595
0.35
0.32 *Closing Rate
Kaloti Jewellery International DMCC (KJI) does not provide trading or investment advice to its customers. The information provided in this report is for indicative information only and KJI assumes no liability whatsoever for the accuracy and/or any use of the information contained in this report and expresses no solicitation to buy or sell OTC products, futures, or options on futures contracts. The Customer should not regard any views or opinions given in this report as being investment or trading advice. KJI shall have no liability whatsoever for any view or opinion expressed in the report. Reproduction of this report without authorization is forbidden. All rights reserved. Dubai +97142254092 (Reuters Dealing: KLTG), Kaloti FI +97144486978, Sharjah +97165433509, Hong Kong +85223632755, +85223632442, Turkey +902124650089, Singapore +655000939, Miami Associates +3055775969, Paramaribo, Suriname +5978598888 www.kalotico.com
Morning Market Report
Thursday, June 19, 2014
2
www.kalotico.com Gold traded near the highest level in three weeks as the U.S. Federal Reserve trimmed its outlook for economic growth and said interest rates will remain low, boosting demand for bullion as an alternative investment.
Fundamentals and News**:
The metal for immediate delivery was traded at $1,277.50 an ounce by 09:15 a.m. in Dubai from the close of $1,277.71 yesterday, when prices snapped a two-day decline, according to Bloomberg generic pricing. Gold climbed to $1,284.96 on June 16, the highest level since May 27. Fed Chair Janet Yellen said the central bank plans to keep its interest-rate target low for a considerable time after it ends bond-buying, sending the Bloomberg Dollar Spot Index to its biggest drop in almost two weeks. Gold ended a 12-year rally in 2013 on expectations that the central bank would scale back stimulus put in place to fuel growth. The Federal Open Market Committee cut asset purchases at the end of a two-day meeting for the fifth straight time. Fed participants estimated long-term growth for the U.S. economy of 2.1 percent to 2.3 percent, compared with 2.2 percent to 2.3 percent in March and 2.5 percent to 2.8 percent in January 2010 in the wake of the most recent recession. Bullion’s 60-day historical volatility fell to the lowest since October 2010. Today Silver for immediate delivery fell 0.1 percent to $19.85 an ounce after climbing earlier to $19.956, the highest level since May 14. Yesterday closed at $ 19.89. Platinum added 0.3 percent to $1,455.90 an ounce from yesterday’s close of $1450.88. Palladium advanced 0.3 percent to $828.50 an ounce from yesterday’s close of $ 825.70.
Forthcoming Data Releases: Time* 14:00 14:00 14:00 14:00 16:30 16:30 16:30 16:30 18:00 18:00 18:00 18:00 18:00 18:00 18:00 18:00
Country GB GB GB GB US US US US US US US US US US US US
Today's Events CBI Monthly Industrial Survey - Export Order Book Balance. CBI Monthly Industrial Survey - Manufacturing Output Balance. CBI Monthly Industrial Survey - Price Expectations Balance. CBI Monthly Industrial Survey - Total Order Book Balance. Unemployment - Cont Jobless Claims (prior week). Unemployment - Cont Jobless Claims Net Chg (prior week). Unemployment - Weekly Jobless Claims Net Change. Unemployment - Weekly Jobless Claims. Philadelphia Fed Business Outlook - Business Activity. Philadelphia Fed Business Outlook - Delivery Times. Philadelphia Fed Business Outlook - Employment. Philadelphia Fed Business Outlook - Inventories. Philadelphia Fed Business Outlook - New Orders. Philadelphia Fed Business Outlook - Prices Paid. Philadelphia Fed Business Outlook - Prices Received. Philadelphia Fed Business Outlook - Shipments.
**
Bloomberg
Previous -9 32 4 0 2614000 +11K +4K 317K 15.4 -4.2 7.8 -0.5 10.5 23 17 14.2
Forecast
312K 13.3
** Dubai Time
Kaloti Jewellery International DMCC (KJI) does not provide trading or investment advice to its customers. The information provided in this report is for indicative information only and KJI assumes no liability whatsoever for the accuracy and/or any use of the information contained in this report and expresses no solicitation to buy or sell OTC products, futures, or options on futures contracts. The Customer should not regard any views or opinions given in this report as being investment or trading advice. KJI shall have no liability whatsoever for any view or opinion expressed in the report. Reproduction of this report without authorization is forbidden. All rights reserved. Dubai +97142254092 (Reuters Dealing: KLTG), Kaloti FI +97144486978, Sharjah +97165433509, Hong Kong +85223632755, +85223632442, Turkey +902124650089, Singapore +655000939, Miami Associates +3055775969, Paramaribo, Suriname +5978598888 www.kalotico.com
Morning Market Report
Thursday, June 19, 2014
3
www.kalotico.com Technical Comment and Outlook on Gold: Gold for Spot delivery was closed at $1277.71 an ounce at 01:15 a.m. Dubai time yesterday, with the profit of $7.13 or 0.56 percent from its previous close of $1270.58. Spot Gold technically seems having resistance levels at $1283.50 and $1289.90 respectively, while the supports are seen at $ 1264.00 and $1257.90 respectively.
Technical Comment and Outlook on Silver: Silver for immediate delivery was closed at $ 19.89 an ounce; with the profit of 15 cents or 0.73 percent from its previous close of $19.75. The Fibonacci levels on chart are showing resistance at $19.90 which crossed today morning, followed by $ 20.10 and $20.40, while the supports are seen at $19.40 and $ 19.20 respectively.
Resistance & Support Levels: Period
R3
R2
R1
S1
S2
S3
Gold
$ 1,299.80
$ 1,289.90
$ 1,283.80
$ 1,264.00
$ 1,257.90
$ 1,248.00
Silver
$
$
$
$
$
$
20.40
20.10
19.90
19.40
19.20
18.90
******* Kaloti Precious Metals*******
Kaloti Jewellery International DMCC (KJI) does not provide trading or investment advice to its customers. The information provided in this report is for indicative information only and KJI assumes no liability whatsoever for the accuracy and/or any use of the information contained in this report and expresses no solicitation to buy or sell OTC products, futures, or options on futures contracts. The Customer should not regard any views or opinions given in this report as being investment or trading advice. KJI shall have no liability whatsoever for any view or opinion expressed in the report. Reproduction of this report without authorization is forbidden. All rights reserved. Dubai +97142254092 (Reuters Dealing: KLTG), Kaloti FI +97144486978, Sharjah +97165433509, Hong Kong +85223632755, +85223632442, Turkey +902124650089, Singapore +655000939, Miami Associates +3055775969, Paramaribo, Suriname +5978598888 www.kalotico.com