Daily Commodity Pointer
01st February 2023

Tracking Market
Jan 31 2023 ClosePrevCloseAbsChange
Euro / $1.08601.08480.0012
Light Sweet77.9079.68-1.78
Gold $ / OZ-1945.301939.206.10
Silver $ / OZ-23.8323.730.10
$ / Yen130.05130.32-0.27

On Feb 1 2023
Events ETISTForecastPrev
ADP Non-Farm Employment Change8.1518.45176K235K
Final Manufacturing PMI7.4518.1546.846.8
ISM Manufacturing PMI10.0020.3048.048.4
JOLTS JOB Openings10.0020.3010.28M10.46M
ISM Manufacturing Prices10.0020.3040.639.4
Crude Oil Inventories10.3021.00-1.0M0.5M

Commodity LTPT1T2SLMarginTick
NATURALGAS222 228233218826340.10

  Pivot Point - Agri/Non-Agri

Oil prices rise as US recession fears over rate hikes ease, dollar weakens
Oil prices climbed on Wednesday underpinned by a weaker dollar, which fell on signs of slowing inflation in the United States, easing fears that the world's largest oil user may face a recession because of further interest rate hikes.
Gold holds tight range as traders focus on Fed decision
Gold traded in a narrow price range on Wednesday, as investors refrained from taking big bets ahead of the U.S. Federal Reserve?s policy decision due later in the day.
Dollar pauses ahead of Fed rate decision
The dollar was broadly flat against major currencies on Wednesday after easing in the previous session following U.S. data that showed moderating wage pressure, with investors keenly awaiting the conclusion of a Federal Reserve policy meeting.
Base Metals
Copper holds steady as investors await China demand, Fed outcome
Copper prices were little changed on Wednesday as investors awaited China's demand to pick up after the Lunar New Year holidays and sought clues on the Federal Reserve's interest-rate hike stance.
Agri Commodity
Palm oil drops 3% as Indonesia keeps domestic sale rule
Malaysian palm oil futures slid 3% on Tuesday, ending a three-day climb as Indonesia maintained its domestic sales rule and traders fretted about slow export demand.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 1,340.57 crores, whereas MCX recorded a total traded turnover of Rs. 52398.67 Crores on 31st January 2023.
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