Daily Commodity Pointer
18th September 2020
Tracking Market
Sep 17 2020 ClosePrevCloseAbsChange
$ / Re.73.6373.530.10
Euro / $1.18441.18130.0031
Light Sweet Crude Oil40.9740.180.79
Gold $ / OZ-1943.201959.60-16.40
Silver $ / OZ-27.2527.33-0.08
$ / Yen104.73104.93-0.20

On Sep 18 2020
Events ETISTForecastPrev
CB Leading Index m/m9.0019.301.3%1.4%
Prelim UoM Consumer Sentiment9.0019.3075.074.1

CallTracker
Commodity LTPT1T2SLMarginTick
NATURAL GA148143140152739400.10


  Pivot Point - Agri/Non-Agri


  
Energy
Oil eases as U.S. production returns after storm
Oil prices drifted lower on Friday, pausing after three days of gains, as producers prepared to resume operations in the Gulf of Mexico and data showed Saudi Arabian exports rose from record lows.
Bullions
Gold falls after U.S. Fed dampens hopes for more stimulus
Gold prices fell on Thursday to the lowest in more than a week, after the U.S. Federal Reserve dashed investors' hopes for more stimulus to support the coronvirus-hit economy.
Currency
Yen gains as weak U.S. data, economic uncertainty dim outlook
The safe-haven yen rose to a seven-week high against the dollar and a 1-1/2-month peak versus the euro, amid another batch of generally weak U.S. data and overall uncertainty about the economic outlook.
Base Metals
Shanghai base metals strengthened for the most part on weak dollar
Shanghai base metals cruised higher for the most part on Friday morning, and the LME complex also rose broadly, as uncertainty over the economic outlook weighed on US dollar index.
Agri Commodity
India?s organic soyameal exports to US grow 11%
Amid growing resistance for the genetically modified crops in the United States, India?s organic soyabean meal is gaining traction with increased exports to the country.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 1164.96 crores, whereas MCX recorded a total traded turnover of Rs. 36350.37 Crores on 17th September 2020.
Ventura Securities Ltd.
Corporate Office: I-Think Techno Campus, "B" Wing, 8th Floor, Pokhran Road No. 2, Off. Eastern Express Highway, Thane (West) – 400607. Maharashtra.
This report is neither an offer nor a solicitation to purchase or sell commodities. The information and views expressed herein are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in or have positions in the commodities mentioned in their articles. Neither Ventura Securities Limited nor any of the contributors accepts any liability arising out of the above information/articles. Reproduction in whole or in part without written permission is prohibited. This report is for private circulation.