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Daily Commodity Pointer

26th July 2024

Tracking Market

Jul 25 2024	Close	PrevClose	AbsChange
Re/$	83.72	83.71	0.01
Euro / $	1.0844	1.0839	0.0005
Light Sweet	78.28	77.59	0.69
Gold $ / OZ-	2353.50	2415.70	-62.20
Silver $ / OZ-	27.97	29.31	-1.34
$ / Yen	153.93	153.87	0.06

On Jul 26 2024

Events	ET	IST	Forecast	Prev
Core PCE Price Index m/m	7.30	18.00	0.2%	0.1%
Personal Income m/m	7.30	18.00	0.4%	0.5%
Revised UoM Consumer Sentiment	9.00	19.30	66.3	66.0
Revised UoM Inflation Expectations	9.00	19.30	-	2.9%

CallTracker

Commodity	LTP	T1	T2	SL	Margin	Tick
CRUDEOIL	6500	6600	6700	6450	202880	1

Pivot Point - Agri/Non-Agri

Commodity News Wire

Energy

Oil edges up on strong US GDP data but Asia economic woes limit gains.

Oil prices were up slightly on Friday on stronger-than-expected U.S. economic data that raised investor expectations for increasing crude oil demand from the world's largest energy consumer.

Bullions

Gold heads for weekly loss; spotlight on US inflation data

Gold prices inched higher on Friday, but remained on track for a weekly loss, while traders awaited U.S. inflation data for further cues on the trajectory of the Federal Reserve's interest rate cuts.

Currency

Yen heads for strongest week in 3 months as carry trades unwind

The yen was poised for its strongest week in nearly three months on Friday as traders unwound their long-held bets against the frail currency ahead of crucial U.S. inflation data that could cement rate cut expectations.

Base Metals

Copper Extends Fall on Risk-Off Sentiment

Copper futures fell to around $4.05 per pound on Thursday, hitting the lowest levels since early April as risk-off sentiment dominated financial markets due to sharp losses in equity markets.

Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 386.63 crores, whereas MCX recorded a total traded turnover of Rs. 218764.66 Crores on 25th July 2024.

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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.