Important data affects commodity price

#1
I am new to trading commodities, I observed over time some announcement of data will affect the commodity price volatility. All experienced MCX trader can share their knowledge on this so that novice trader like me can be cautious knowing that big announcement is coming.
As far as I know.

US Unemployment data - affects all commodity occurs every month
Crude Inventory - affects Crude oil occurs every week
LME Inventory - affects Base metals occurs every day
 

DSM

Well-Known Member
#2
Naveen,

* Observe a few months before taking the plunge.

* US Employment data is the big daddy of them all, and an important no. to watch. Mostly impacts Gold/Silver prices in a big way.

* Weak data/Employment nos means more probability of Fed rates being low or no rate hikes. This is positive for Gold/Silver as it has an inverse co-relation.

* Crude/NG data is weekly. But prices may move in the opposite direction of the inventory figures. Expect volatility on release of data and avoid taking position immediately - unless the data in in line with the trend.

* LME data is daily - and mostly and does not impact much in my view.

My 2C.


I am new to trading commodities, I observed over time some announcement of data will affect the commodity price volatility. All experienced MCX trader can share their knowledge on this so that novice trader like me can be cautious knowing that big announcement is coming.
As far as I know.

US Unemployment data - affects all commodity occurs every month
Crude Inventory - affects Crude oil occurs every week
LME Inventory - affects Base metals occurs every day
 

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