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OTC Trading Range For | All Times Are | As Per Dubai | Date | 27/04/2017 | |
26/04/2017 |
| Gold | Silver | Platinum | Palladium |
Open At 02.00 |
| $1,264.08 | $17.60 | $961.08 | $801.64 |
High Bid |
| $1,270.28 | $17.65 | $965.21 | $812.60 |
Low Offer |
| $1,260.06 | $17.32 | $950.30 | $799.35 |
Close At 01.00 |
| $1,269.22 | $17.49 | $955.84 | $811.09 |
Previous Close |
| $1,264.13 | $17.60 | $961.30 | $801.20 |
Daily Change USD | $5.09 | ($0.11) | ($5.46) | $9.89 | |
Daily Change % |
| 0.40% | -0.63% | -0.57% | 1.22% |
London Fixings | AM | $1,264.95 | ** | $957.00 | $791.00 |
| PM | $1,261.85 | $17.59 | $954.00 | $795.00 |
COMEX Trading Volume | 234131 | 65854 | 14482 | 3922 | |
Active Month Settlement | $1,264.20 | $17.43 | $948.00 | $805.15 | |
Previous Session |
| $1,267.20 | $17.65 | $957.60 | $796.65 |
Daily Change |
| ($3.00) | ($0.22) | ($9.60) | $8.50 |
EFP's |
| 1.4/1.7 | 4/7 | 0/2 | 0/1 |
Forwards & Options | 1 Month | 3 months | 6 months | 12 months | |
GOFO |
| - | - | - | - |
USD LIBOR |
| 0.98333 | 1.14983 | 1.42628 | 1.80261 |
Gold ATM Vols |
| 10.830 | 11.560 | 12.45 | 13.57 |
Silver ATM Vols |
| 17.45 | 19.09 | 20.58 | 22.12 |
Platinum ATM Vols | 14.450 | 15.500 | 15.950 | 16.050 | |
Palladium ATM Vols | 22.300 | 23.200 | 23.550 | 24.100 |
Market Daily & Weekly
Market Snap Shot | 26/04/2017 | 1 Day% | 1 Week % |
XAU | $1,269.22 | 0.40 | -0.87 |
XAG | $17.49 | -0.63 | -3.72 |
XPT | $955.84 | -0.57 | -2.09 |
XPD | $811.09 | 1.22 | 4.08 |
Euro | 1.0904 | -0.20 | 1.77 |
Note: Indications only, open and closing prices are bids; Data source: Bloomberg; Times as per Dubai
Fundamentals and News
White House Unveils Opening Bid for `Biggest Tax Cut'
The White House made its opening bid for what officials called the “biggest tax cut” in U.S. history -- with cuts that would benefit businesses, the middle class and certain high-earning individuals -- but left unanswered questions about whether the plan would be paid for, or how.
A list of goals for the tax overhaul, unveiled by President Donald Trump’s top economic adviserGary Cohn and Treasury Secretary Steven MnuchinWednesday, calls for slashing the federal income-tax rate to 15 percent for corporations, small businesses and partnerships of all sizes. It alsoimposes a one-time tax on about $2.6 trillion in earnings that U.S. companies have parked overseas. The plan would end the taxation of corporations’ offshore income by moving to a territorial system, in which most foreign profits would be exempt from U.S. taxes. Currently, the U.S. taxes business income no matter where it’s earned.
On the individual side, it proposes condensing the existing seven income-tax rates to just three, cutting the individual top rate to 35 percent from 39.6 percent. It would also end a 3.8 percent net investment income tax that applies only to individuals who earn more than $200,000 a year, repeal the alternative minimum tax and eliminate the estate tax, which currently applies only to estates worth more than $5.49 million for individuals and $10.98 million for couples.
At the same time, the plan would eliminate the federal income-tax deductionallowed for state and local taxes -- a provision that would hit high earners in high-tax states, including New York and New Jersey. The only itemized deductions that would be preserved under the plan would be for home mortgage interest and charitable contributions.
“We are determined to move as fast as we can and get this done this year,” Mnuchin said.
The move to tax partnerships, limited liability companies and other so-called “pass-throughs” at 15 percent would represent a major tax cut for many businesses -- from mom-and-pop grocers to hedge funds -- including Trump’s own business empire. Under current law, those companies pass their earnings and deductions through to their owners, who then are taxed at their individual income tax rates.
Data Forthcoming Releases
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| Time | Country | Today's Events | Forecast | Previous | Actual |
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| 3:45pm | EUR | Minimum Bid Rate | 0.00% | 0.00% |
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| 4:30pm | EUR | ECB Press Conference |
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| 4:30pm | USD | Core Durable Goods Orders m/m | 0.40% | 0.50% |
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| 4:30pm | USD | Unemployment Claims | 241K | 244K*Dubai Time |
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Courtesy: http://kalotipm.com.sg/kaloti-market-report-27th-april-2017
Copper Scrap View All | |
Alternator | 0.31 (0) |
#1 Copper Bare Bright | 3.81 (-0.04) |
Aluminum Scrap View All | |
356 Aluminum Wheels (Clean) | 0.73 (0) |
6061 Extrusions | 0.64 (0) |
Steel Scrap View All | |
#1 Bundle | 435.00 (0) |
#1 Busheling | 455.00 (0) |
Electronics Scrap View All |