:: Daily Pointer ::

Daily Commodity Pointer

01st February 2023

Tracking Market

Jan 31 2023	Close	PrevClose	AbsChange
Re/$	81.71	81.45	0.26
Euro / $	1.0860	1.0848	0.0012
Light Sweet	77.90	79.68	-1.78
Gold $ / OZ-	1945.30	1939.20	6.10
Silver $ / OZ-	23.83	23.73	0.10
$ / Yen	130.05	130.32	-0.27

On Feb 1 2023

Events	ET	IST	Forecast	Prev
ADP Non-Farm Employment Change	8.15	18.45	176K	235K
Final Manufacturing PMI	7.45	18.15	46.8	46.8
ISM Manufacturing PMI	10.00	20.30	48.0	48.4
JOLTS JOB Openings	10.00	20.30	10.28M	10.46M
ISM Manufacturing Prices	10.00	20.30	40.6	39.4
Crude Oil Inventories	10.30	21.00	-1.0M	0.5M

CallTracker

Commodity	LTP	T1	T2	SL	Margin	Tick
NATURALGAS	222	228	233	218	82634	0.10

Pivot Point - Agri/Non-Agri

Commodity News Wire

Energy

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.

Bullions

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.

Currency

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.

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.