Daily Commodity Pointer
26th August 2016

Tracking Market
Aug 25 2016 ClosePrevCloseAbsChange
$ / Re.67.0567.10-0.05
Euro / $1.12841.12620.0022
Light Sweet Crude Oil47.0446.760.28
Gold $ / OZ-1321.901324.00-2.10
Silver $ / OZ-18.5118.500.01
$ / Yen100.53100.460.07

On Aug 26 2016
Events ETISTForecastPrev
Prelim GDP q/q8.3018.001.1%1.2%
Goods Trade Balance8.3018.00-62.3b-63.3b
Prelim GDP Price Index q/q8.3018.002.2%2.2%
Fed Chair Yellen Speaks10.0019.30--
Revised UoM Consumer Sentiment10.0019.3090.690.4

CallTracker
Commodity LTPT1T2SLMarginTick
SILVER43700 441004440043400850001


  Pivot Point - Agri/Non-Agri


  
Energy
Brent, NYMEX down in Asia ahead of Baker Hughes rig count figures
Crude oil prices fell further in Asia on Friday in subdued trade ahead of the latest count of U.S. rigs in production from Baker Hughes.
Bullions
Gold trades in narrow range in Asia ahead of Yelllen views in Wyoming
Gold traded narrowly in Asia on Friday with the market treading water ahead of views from the U.S. Fed chief later in the day expected to set the tone.
Currency
Dollar wavers, poised for weekly gains ahead of Yellen speech
The dollar remained on tenterhooks on Friday, ahead of Federal Reserve Chair Janet Yellen's highly anticipated speech later in the session that some believe could provide clarity on whether U.S. interest rates are headed higher this year.
Base Metals
Copper Prices Fall to a 2-Month Low, Demand Still Stagnant
Copper prices fell to their lowest level in two months on the London Metal Exchange Wednesday.
Agri Commodity
Sugar caught in bear grip
Sugar market continued its bearish trend as producers sold the commodity at 10-20 a quintal lower than previous day to ease stocks. Weak mill tender rates kept spot and naka rates also under pressure.
Bearish sentiment in soya oil
Bearish sentiment prevailed in majority of oils in Indore mandis on weak global cues and slack physical demand with soya refined declining to 640-45 per 10 kg (645-50), while soya solvent ruled at 610-15 (615-20).
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 2558.24 crores, whereas MCX recorded a total traded turnover of Rs. 21228.72 Crores on 25th August 2016.
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