Stocks
Research
Wheat Crop

Richcomm Global Services publishes over 30 propriety research reports each month, covering everything from technical indicators, weather forecasts to Daily Market Reports, on a restricted local and global client base distribution. The circulation is to the key bona fide decision makers, concentrating on precious metals, energy, base metals and agricultural products.

Daily Grain & Veg Oil Reports

A compact yet comprehensive report covering everything from physical grain and oil markets in key trading centers – Amsterdam, Kandla, Mediterranean, Mumbai, Black Sea, Europe, North Africa. This reports cover the weather changes, vessel positions, overnights newswire, Supply – Demand figures & Currency movements. This is customizable to individual client requirements.

Daily Technical Reports

For clients who wish to trade the markets with the help of technical charts, RGS provides reports with specific support / resistance levels on each script, delivered to the client electronically before the start of the markets. The report also alerts the key economic data which the client must watch out for.

Event Based Reports

Election results, Brexit, BASEL-3 norms, OPEC meetings, WASDE reports, Financial year budgets in varied countries, Duty and import embargo changes all need detailed analysis and we make sure that the client get a detailed info on such developments and be able to understand clearly “What’s in for me? How does my business get effected?”.

VaR reports

To specific clients who needs an analysis of their portfolio and suggest the risk levels and alternative strategies, RGS prepares customized reports on a regular basis to help client navigate the market volatility.

Special Reports

Seasonal changes, key trend reversal, market discounts / contango, Arbitrage opportunities, inter and inter-commodity reports are rare but specific opportunities to be capitalized almost instantly and such opportunities are passed on to the clients who have signed non-disclosure agreements with RGS.

Bullions & PMG

Bullions (Gold & Silver) and other precious metals (Platinum & Palladium) are commodities that needs specific market info, loco market prices, LBMA price fix, currency changes and industry specific news. RGS makes sure that we cater to this industry and our compact one pager is the most awaited report in multiple bullion centers.

Weekly Reports

RGS also prepares weekly reports, catering specifically to the clients who wish to avoid the daily market “noise’ and are invested over the long term horizon. Category specific reports with clear outlook & target levels and follow up of previous trading calls are included in this report. 

Managed Portfolio Reports

RGS provides clients with a detailed report of how their portfolio is performing on a regular basis. Clients’ needs to provide us with the Power of Attorney mandate and specify their risk levels and commodity preferences. The reports provides the net AUM growth, risks taken & the diversification ratios.

Richcomm in News

Indian rupee may touch 19.9 vs UAE dirham

Jan 07 2020

Stacks of Coins

Forex experts said that the beleaguered currency is expected to weaken further to 72.50-72.70 in the coming weeks due to concerns the potential impact spiraling oil price rally will have on India's fiscal deficit and overall economy.

Pradeep Unni, Head of Strategic Business Development, Richcomm Global Services DMCC, said the rupee is consistently on a losing track and the recent developments in the Middle East had further worsened its recovery possibilities.

"The rupee, which was already hurt by the lower growth rate forecasts and downgrade by multiple rating agencies, is now under increased pressure on the back of surging oil prices," said Unni.

However, it must also be noted that Reserve Bank of India is now much well-prepared with higher dollar reserves to stave off major weakness in rupee due to the Mideast tensions. It is very likely that rupee will likely breach the 72 levels in the coming week and may even hit the 72.50/73 (19.75/19.89 vs the UAE dirham) mark if there no intervention from the RBI front. Markets are also predicting that the Financial Year Budget on Feb 1 2020 will have major policies aimed to boost the economic conditions on the nation," said Unni.

Gold prices hit 7-year peak on coronavirus impact

Feb 20 2020

Gold Cards

Pradeep Unni, head of Strategic Business Development, Richcomm Global Services DMCC, said after much resistance, gold finally scythed the 2013 highs on concerns over the spread of coronavirus and how it would be impacting global growth.

"Many major cities and production hubs China are still at a total shutdown mode and there is hardly any indication when normalcy returns. Gold is already up 5.7 per cent this year as investors continued to flock the metal as an ultimate safe haven," said Unni.

"The impact of the virus outbreak on global growth is still unknown and there is speculation that the Federal Reserve will come under increased pressure to reduce interest rates to propel the economy. Jewellers and bullion traders should ideally use these high price levels to hedge their stocks," said Unni.

After breaching the psychological barrier of $1600 per ounce, gold is technically in a safe zone, he said. "There could be slight retracements, but if news about a more severe impact of the virus flows in, a swift rally to $1700 plus cannot be ruled out," said Unni.

As for how high gold prices can go, one bullion expert said that he is looking at initial resistance at $1,620 with his next target at $1,650.

Indian rupee is set for further losses

Nov 25, 2019

Coins

The rupee slumped to 72.2425 per dollar earlier this month, almost as close to a nine-month low of 72.4075 set in September.

"The Indian rupee continues to trade weaker on the back of lower economic growth forecasts combined and escalating levels of public debt and a credit crunch among non-bank finance companies. Moody's Investors Service cut the country's credit rating outlook to negative this month and the general perception is that economic slowdown is likely to be deeper and longer than it anticipated," said Pradeep Unni, head of Strategic Business Development, Richcomm Global Services DMCC.

"This has caused the slow reversal in the currency pair. Rupee is likely to trade weaker towards the 72.50/73 levels if the sentiments do not improve. Unless the government do not take major policy changes, rupee's outlook is bleak. It is ideal to hedge the currency pair on regulated exchanges like Dubai Gold & Commodities Exchange (DGCX) to take protect from adverse price move," said Unni.

"On the contrary it's quite strange to see that the stock markets are performing remarkably well on the back of better valuations and increase in the domestic and foreign investments. Investments to the stock markets via SIP (Systematic Investment Plan) has seen a tremendous surge on the general outlook for higher valuations," said Unni.

He said that positive US-China vibes has been fresh momentum to the uptrend. "Overall good rainfall in most part of India, recovery in telecom, banking and energy sector are giving additional push to north. Farmers are likely to harvest good crop this year and thus boosting the rural and associated sector."

Gold buyers shift from jewellery to bars

Oct 13, 2011

Jewelry Appraiser

The rupee slumped to 72.2425 per dollar earlier this month, almost as close to a nine-month low of 72.4075 set in September.

"The Indian rupee continues to trade weaker on the back of lower economic growth forecasts combined and escalating levels of public debt and a credit crunch among non-bank finance companies. Moody's Investors Service cut the country's credit rating outlook to negative this month and the general perception is that economic slowdown is likely to be deeper and longer than it anticipated," said Pradeep Unni, head of Strategic Business Development, Richcomm Global Services DMCC.

"This has caused the slow reversal in the currency pair. Rupee is likely to trade weaker towards the 72.50/73 levels if the sentiments do not improve. Unless the government do not take major policy changes, rupee's outlook is bleak. It is ideal to hedge the currency pair on regulated exchanges like Dubai Gold & Commodities Exchange (DGCX) to take protect from adverse price move," said Unni.

"On the contrary it's quite strange to see that the stock markets are performing remarkably well on the back of better valuations and increase in the domestic and foreign investments. Investments to the stock markets via SIP (Systematic Investment Plan) has seen a tremendous surge on the general outlook for higher valuations," said Unni.

He said that positive US-China vibes has been fresh momentum to the uptrend. "Overall good rainfall in most part of India, recovery in telecom, banking and energy sector are giving additional push to north. Farmers are likely to harvest good crop this year and thus boosting the rural and associated sector."

© All rights reserved by Richcomm Global Services DMCC

Contact Us: Office 3-K, Silver Tower, Jumeirah Lakes Towers, Dubai, U.A.E.

Tel: +971 4 432 7820  Fax: +971 4 432 7819 Email: info@richcommglobal.com

  • Facebook - White Circle
  • LinkedIn - White Circle

Website and content developed by

Richcomm Global Services DMCC.