Daily Commodity Pointer
31st July 2014

Tracking Market
Jul 30 2014 ClosePrevCloseAbsChange
$ / Re.60.0560.12-0.07
Euro / $1.33951.3409-0.0014
Light Sweet Crude Oil99.42101.04-1.62
Gold $ / OZ-1295.601298.60-3.00
Silver $ / OZ-20.6520.610.04
$ / Yen102.81102.120.69

On Jul 31 2014
Events ETISTForecastPrev
US Unemployment Claims12301800306K284K
US Chicago PMI1345191563.262.6
US Natural Gas Storage1430200092B90B

Commodity LTPT1T2SLMarginTick
COPPER432.50 436438429300000.05

  Pivot Point - Agri/Non-Agri

Crude drops as Russia sancstions eclipse solid U.S. economic growth data
A U.S.-European decision to slap fresh sanctions on Russia for allegedly meddling in Ukraine sent crude futures falling on Wednesday, offsetting otherwise bullish U.S. growth and inventory data.
Gold trims losses on Fed's dovish take on labor market
Gold prices trimmed earlier losses sustained from an upbeat U.S. gross domestic product report on Wednesday as a dovish take from the Federal Reserve on the labor market bolstered the yellow metal's appeal as a hedge to loose monetary policy.
Dollar gains on U.S. growth data, though Fed statement weighs
The dollar strengthened against most major currencies on Wednesday on news the U.S. economy grew much more in the second quarter than anticipated
Base Metals
Copper Rises as U.S. Economy Rebounds More Than Forecast
Copper advanced in London, snapping three sessions of losses, as a rebounding U.S. economy signaled stronger demand in the world?s second-largest user of the metal.
Agri Commodity
Weak global cues hold edible oils steady
Soyabean refined oil increased by Rs.1, while all other edible oils ruled unchanged on Wednesday tracking weak futures markets amid slack physical demand.
Festival demand to light up sugar
Sugar futures dropped sharply during intra-day on higher selling on the back of monsoon progressing satisfactorily all over Maharashtra and Gujarat.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 3936.51 crores, whereas MCX recorded a total traded turnover of Rs. 20635.08 Crores on 30th July 2014.
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