On a fortnightly basis, global equity markets traded on a positive note as a result of the dovish statement made by the US Federal Reserve Chair Janet Yellen, who commented on the need for stabilization of foreign economies and its markets.
The committee also noted that the recent global economic and financial developments have been hampering the economy of the United States which prompted them to leave the borrowing rates unchanged.
On a fortnightly basis, global equity markets traded on a positive note after the Chinese regulators slashed the reserve requirement ratio by 50 basis points for all banks from March 1, 2016.
Expect chana prices to trade sideways to lower note during the next fortnight due to government intervention and good sowing progress.
The Indian Rupee depreciated by 1.37 percent in the last fortnight owing to buying of greenback by banks and importers that kept the Indian Rupee pressurized. Moreover, weak trading in the Asian markets governed the trend of the Indian markets and its currency.
The Indian rupee appreciated by more than 0.5 per cent in the last fortnight after the RBI kept its policy rates unchanged and said more foreign investors will be allowed in the Indian debt market.
The rupee appreciated marginally by 0.09 per cent in the last fortnight after the RBI gave permission to the corporates to raise funds from overseas market in rupee denominated bonds.
In the past fortnight, spot gold prices plunged 5.6 per cent to close below $1,000/oz levels while MCX gold prices declined 5.1 per cent to close at Rs 24,731/10 gms.
Gold and silver prices are expected to trade lower in the coming fortnight on strengthening dollar and growth and optimism in the US economy, writes Angel Broking's Naveen Mathur.
Precious metals are expected to trade lower while crude is expected to remain volatile over the next fortnight, writes Angel Broking's Naveen Mathur.
Commodities are expected to trade higher as the ECB action on monetary easing to revive the sagging Euro Zone is a signal that the economy is in doldrums.
Crude oil prices will continue to see weakness as ample supplies and bleak demand will exert downside pressure.
We expect gold and silver prices to trade lower as the US GDP growth of 5 per cent in the third quarter will provide room for the Federal Reserve to raise interest rates.
Gold and silver prices are expected to trade higher in the coming fortnight on bargain buying at lower levels coupled with renewed speculative interest.
The price of precious metals will trade lower as waning investment demand, strength in dollar, and falling crude oil prices are indicating downside pressure to continue.
We expect gold and silver prices to trade lower in the coming fortnight as outflows from the SPDR Gold Trust suggests waning interest in the yellow metal.
We expect gold and silver prices to trade lower in the coming fortnight as growth in the US GDP has raised optimism in the economy as a whole.
Lower growth projection of the world economy, troubled euro-zone, and comments from James Bullard to extend the bond buying programme will act as positives for gold.
Base metals are likely to trade lower as strong DX following comments by Fed Reserve along with concerns of demand from China will act as a negative factor.
Crude oil prices will trade lower on sustained pressure from plentiful global supply and weak demand conditions in Europe and China is acting as a negative factor for prices.
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