Daily Commodity Pointer
05th March 2015

Tracking Market
Mar 4 2015 ClosePrevCloseAbsChange
$ / Re.62.2561.910.34
Euro / $1.10761.1176-0.0100
Light Sweet Crude Oil51.6650.571.09
Gold $ / OZ-1199.601203.20-3.60
Silver $ / OZ-16.2216.180.04
$ / Yen119.65119.73-0.08

On Mar 5 2015
Events ETISTForecastPrev
EUR-Minimum Bid Rate12.45PM6.15PM0.05%0.05%
EUR-ECB Press Conference1.30PM7.00PM--
USD-Unemployment Claims1.30PM7.00PM293K313K

CallTracker
Commodity LTPT1T2SLMarginTick
COPPER369.50 373375367250000.05


  Pivot Point - Agri/Non-Agri


  
Energy
NYMEX crude up in Asia as market focuses on China, India, demand outlook
Crude oil prices gained in early Asia on Thursday, shrugging of a surge in U.S. stockpiles and focused on signs of demand globally on moves by importing giants China and India to cut interest rates in the past week.
Bullions
Gold prices up in early Asia in cautious trade ahead of ECB meeting
Gold prices rose margingally in Asia on Thursday in cautious trade ahead of a European Central Bank meeting that will detail the start of an ?60 billion a month quantitative easing program.
Currency
U.S. dollar reaches 11-year high against euro, ahead of ECB meeting
The U.S. dollar rose to its highest level against the euro on Wednesday in more than 11 years, ahead of the European Central Bank's announcement on Thursday detailing the start of its 60 billion a month quantitative easing program.
Base Metals
Signs of life in copper but doubts remain
Copper prices have bounced off five-year lows on the back of hopes of economic stimulus in China, with one prominent bank lifting its copper price forecast by more than 20 per cent
Agri Commodity
Poor upcountry orders pound turmeric
Spot turmeric prices decreased on Wednesday on the back of fresh upcountry orders lacking and inferior quality of arrivals.
Chana futures decline 0.46 pc on sluggish demand
Chana prices were down by 0.46 per cent to Rs 3667 per quintal in futures trade today as speculators trimmed positions, tracking a weak trend at spot market on subdued demand.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 2431.50 crores, whereas MCX recorded a total traded turnover of Rs. 20202.70 Crores on 04th March 2015.
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