Daily Commodity Pointer
22nd August 2019

Tracking Market
Aug 21 2019 ClosePrevCloseAbsChange
$ / Re.71.5571.70-0.15
Euro / $1.10871.1097-0.0010
Light Sweet Crude Oil55.8556.12-0.27
Gold $ / OZ-1512.601517.40-4.80
Silver $ / OZ-17.0917.14-0.05
$ / Yen106.58106.240.34

On Aug 22 2019
Events ETISTForecastPrev
Unemployment Claims7.3018.00217K220K
Flash Manufacturing PMI8.4519.1550.550.4
Natural Gas Storage8.3020.0051B49B

CallTracker
Commodity LTPT1T2SLMarginTick
CRUDEOIL4020 407041003980570001


  Pivot Point - Agri/Non-Agri


  
Energy
Oil prices rise after U.S. crude stocks draw
Oil prices rose on Thursday following a drawdown in U.S. crude inventories, but gains in fuel inventories and persistent concerns over the global economy and future demand outlook capped gains.
Bullions
Gold Dips as Fed Meeting Minutes Show No Plan for Series of Rate Cuts
Gold prices dipped on Wednesday after just-released minutes from the Federal Reserve?s July meeting showed the central bank wanted to review more data befire making future rate decisions, stopping short of suggesting a planned series of rate cuts.
Currency
Dollar holds gains after Fed minutes temper rate cut expectations
The dollar held gains on Thursday after minutes from the Federal Reserve's last policy meeting hosed down some aggressive expectations the central bank would embark on a series of deep interest rate cuts.
Base Metals
Base metals fall after Fed minutes
Most industrial metals on the London Metal Exchange (LME) slipped on Thursday, after the U.S. Federal Reserve signaled that it was not on a preset path to more monetary policy easing.
Agri Commodity
British crops are being rushed to market before Brexit deadline
British farmers are rushing to sell their big harvests of wheat and barley before October to avoid the potential market chaos of a no-deal Brexit.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 1604.90 crores, whereas MCX recorded a total traded turnover of Rs. 32642.17 Crores on 21st August 2019.
Ventura Commodities Ltd.
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