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KEDIA COMMODITY MARKET ALERTS (English)
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KEDIA COMMODITY MARKET ALERTS
20 Feb, 04:16
Japanese yen reaches almost two-month high.
The Japanese yen surpassed 151 per dollar on Thursday, reaching its highest level in almost two months as trade and geopolitical uncertainty fueled demand for the safe-haven currency. Earlier this week, US President Donald Trump revealed plans to put 25% tariffs on imported autos, electronics, and pharmaceuticals, reigniting fears of a bigger global trade war. Market nervousness increased about geopolitical tensions after Trump referred to Ukrainian President Volodymyr Zelenskiy as a dictator, despite ongoing discussions with Russia to end the conflict in Ukraine. Domestically, the yen rose on predictions that the Bank of Japan will hike interest rates further this year. The central bank's decision to raise interest rates again in March remains uncertain. Traders are now waiting on Friday's inflation statistics to obtain further insight into the future rate outlook.
The Japanese yen surpassed 151 per dollar on Thursday, reaching its highest level in almost two months as trade and geopolitical uncertainty fueled demand for the safe-haven currency. Earlier this week, US President Donald Trump revealed plans to put 25% tariffs on imported autos, electronics, and pharmaceuticals, reigniting fears of a bigger global trade war. Market nervousness increased about geopolitical tensions after Trump referred to Ukrainian President Volodymyr Zelenskiy as a dictator, despite ongoing discussions with Russia to end the conflict in Ukraine. Domestically, the yen rose on predictions that the Bank of Japan will hike interest rates further this year. The central bank's decision to raise interest rates again in March remains uncertain. Traders are now waiting on Friday's inflation statistics to obtain further insight into the future rate outlook.
KEDIA COMMODITY MARKET ALERTS
20 Feb, 04:08
US Building Permits Building permits in the US
US Building Permits Building permits in the US unexpectedly increased by 0.1% to 1.483 million in January 2025, exceeding market expectations of 1.46 million, according to preliminary estimates. Permits for housing with two to four units increased by 13.2% from the previous month to 60 thousand, offsetting a 1.4% decrease in housing with five or more units (to 427 thousand), while permits for housing with one unit remained steady at 996,000. Permits increased in two regions: the West (2.3% to 316 thousand) and the Midwest (1.8% to 223,000). These overcame the minor dip in the South (-0.1% to 806 thousand) and the more severe drop in the Northeast (-6.1% to 138 thousand).
US Building Permits Building permits in the US unexpectedly increased by 0.1% to 1.483 million in January 2025, exceeding market expectations of 1.46 million, according to preliminary estimates. Permits for housing with two to four units increased by 13.2% from the previous month to 60 thousand, offsetting a 1.4% decrease in housing with five or more units (to 427 thousand), while permits for housing with one unit remained steady at 996,000. Permits increased in two regions: the West (2.3% to 316 thousand) and the Midwest (1.8% to 223,000). These overcame the minor dip in the South (-0.1% to 806 thousand) and the more severe drop in the Northeast (-6.1% to 138 thousand).
KEDIA COMMODITY MARKET ALERTS
20 Feb, 04:07
US housing starts in the fall. More than expected.
Housing starts in the United States fell 9.8% month on month to an annualized 1.366 million in January 2025, down from December's 10-month high of 1.515 million and falling short of market expectations of 1.4 million. Severe snowstorms and severe temperatures slowed construction work, and any potential recovery could be hampered by increased import tariffs and chronically high mortgage rates. Single-family housing starts fell 8.4% to 993 thousand, while multi-unit buildings with five or more units fell even more sharply, 11.0% to 355 thousand. Housing starts declined sharply across the South (-23.3% to 680 thousand), Midwest (-10.4% to 181 thousand), and Northeast (-27.6% to 105 thousand).
Housing starts in the United States fell 9.8% month on month to an annualized 1.366 million in January 2025, down from December's 10-month high of 1.515 million and falling short of market expectations of 1.4 million. Severe snowstorms and severe temperatures slowed construction work, and any potential recovery could be hampered by increased import tariffs and chronically high mortgage rates. Single-family housing starts fell 8.4% to 993 thousand, while multi-unit buildings with five or more units fell even more sharply, 11.0% to 355 thousand. Housing starts declined sharply across the South (-23.3% to 680 thousand), Midwest (-10.4% to 181 thousand), and Northeast (-27.6% to 105 thousand).
KEDIA COMMODITY MARKET ALERTS
20 Feb, 04:05
US Natural Gas Prices Approach Two-Year Highs
US natural gas futures rose to $4.3/MMBtu, approaching a two-year high set on January 16, as extreme weather raised heating demand and froze oil and gas wells, reducing supply. Over the last 13 days, output has declined by 6.7 bcfd to a four-week low of 100.1 bcfd. Forecasters predict colder-than-normal temperatures in the Lower 48 states through February 22, keeping demand high. At the same time, gas flows to LNG export plants reached new highs, averaging 15.4 billion cubic feet per day (bcfd) in February, up from 14.6 billion in January. On Tuesday, daily LNG feedgas reached an all-time high of 16.2 billion cubic feet per day (bcfd), topping Monday's record of 16.0 billion.
US natural gas futures rose to $4.3/MMBtu, approaching a two-year high set on January 16, as extreme weather raised heating demand and froze oil and gas wells, reducing supply. Over the last 13 days, output has declined by 6.7 bcfd to a four-week low of 100.1 bcfd. Forecasters predict colder-than-normal temperatures in the Lower 48 states through February 22, keeping demand high. At the same time, gas flows to LNG export plants reached new highs, averaging 15.4 billion cubic feet per day (bcfd) in February, up from 14.6 billion in January. On Tuesday, daily LNG feedgas reached an all-time high of 16.2 billion cubic feet per day (bcfd), topping Monday's record of 16.0 billion.
KEDIA COMMODITY MARKET ALERTS
20 Feb, 04:05
FOMC minutes show that the Fed is concerned about inflation and tariffs.
According to minutes from the January 2025 FOMC meeting, the majority of Fed policymakers agreed that the high level of uncertainty called for caution when considering future monetary policy adjustments. Many participants believed that the Committee could keep the policy rate at a restrictive level if the economy remained strong and inflation remained high. Several observers suggested that policy may be loosened if labor market conditions deteriorated, economic activity slowed, or inflation recovered to 2% faster than predicted. Many officials emphasized the importance of gathering more evidence of long-term disinflation. Participants also emphasized inflationary risks, noting prospective changes in trade and immigration policy, geopolitical disruptions to supply chains, and higher-than-expected consumer spending. The Fed held the fed funds rate stable at 4.25%-4.5% in January, pausing its rate-cutting cycle after three consecutive cuts in 2024.
According to minutes from the January 2025 FOMC meeting, the majority of Fed policymakers agreed that the high level of uncertainty called for caution when considering future monetary policy adjustments. Many participants believed that the Committee could keep the policy rate at a restrictive level if the economy remained strong and inflation remained high. Several observers suggested that policy may be loosened if labor market conditions deteriorated, economic activity slowed, or inflation recovered to 2% faster than predicted. Many officials emphasized the importance of gathering more evidence of long-term disinflation. Participants also emphasized inflationary risks, noting prospective changes in trade and immigration policy, geopolitical disruptions to supply chains, and higher-than-expected consumer spending. The Fed held the fed funds rate stable at 4.25%-4.5% in January, pausing its rate-cutting cycle after three consecutive cuts in 2024.
KEDIA COMMODITY MARKET ALERTS
20 Feb, 04:04
The dollar hasn't changed much, and the Fed is looking at tariffs.
As traders analyzed the FOMC minutes and growing trade concerns, the dollar index erased some gains to about 107.1. Minutes from the January 2025 meeting show Fed members emphasizing the need for additional evidence of sustained disinflation while warning of inflation risks posed by anticipated trade and immigration movements, geopolitical upheavals, and high household spending. The minutes reaffirmed Chair Powell's previous statement that the Fed is not in a hurry to lower rates. Meanwhile, President Donald Trump hinted at plans to put 25% tariffs on vehicle, semiconductor, and pharmaceutical imports, with an announcement due by April 2. Investors currently expect one rate drop in the fed funds rate in 2025, with the possibility of a second.
As traders analyzed the FOMC minutes and growing trade concerns, the dollar index erased some gains to about 107.1. Minutes from the January 2025 meeting show Fed members emphasizing the need for additional evidence of sustained disinflation while warning of inflation risks posed by anticipated trade and immigration movements, geopolitical upheavals, and high household spending. The minutes reaffirmed Chair Powell's previous statement that the Fed is not in a hurry to lower rates. Meanwhile, President Donald Trump hinted at plans to put 25% tariffs on vehicle, semiconductor, and pharmaceutical imports, with an announcement due by April 2. Investors currently expect one rate drop in the fed funds rate in 2025, with the possibility of a second.
KEDIA COMMODITY MARKET ALERTS
20 Feb, 04:03
US crude oil inventories rise for the fifth week in a row, above forecasts.
US crude oil stockpiles increased by 9.043 million barrels in the week ending February 7, 2025, following a high 9.04 million-barrel gain the previous week, according to the American Petroleum Institute's Weekly Statistical Bulletin. This was the greatest weekly rise since March, and the fourth consecutive week of inventory increases, reversing five weeks of reductions and much exceeding market estimates of a 2.8 million barrel build.
US crude oil stockpiles increased by 9.043 million barrels in the week ending February 7, 2025, following a high 9.04 million-barrel gain the previous week, according to the American Petroleum Institute's Weekly Statistical Bulletin. This was the greatest weekly rise since March, and the fourth consecutive week of inventory increases, reversing five weeks of reductions and much exceeding market estimates of a 2.8 million barrel build.
KEDIA COMMODITY MARKET ALERTS
20 Feb, 04:03
China maintains LPR rate steady for fourth month.
The People's Bank of China (PBoC) held its key lending rates steady for the fourth consecutive month in February, in line with market forecasts. The one-year loan prime rate (LPR), which serves as a benchmark for most business and consumer loans, was held steady at 3.1%, while the five-year LPR, which serves as a reference for property mortgages, remained at 3.6%. Both rates are at record lows, having fallen in October and July of last year. The move comes amid yuan volatility and US President Donald Trump's tough trade strategy, which aims to strengthen the US economy through import levies. The PBoC recently announced that it would adjust its monetary policy at the proper time to support the slowing economy, including modifications to interest rates and the bank reserve requirement ratio for commercial banks.
The People's Bank of China (PBoC) held its key lending rates steady for the fourth consecutive month in February, in line with market forecasts. The one-year loan prime rate (LPR), which serves as a benchmark for most business and consumer loans, was held steady at 3.1%, while the five-year LPR, which serves as a reference for property mortgages, remained at 3.6%. Both rates are at record lows, having fallen in October and July of last year. The move comes amid yuan volatility and US President Donald Trump's tough trade strategy, which aims to strengthen the US economy through import levies. The PBoC recently announced that it would adjust its monetary policy at the proper time to support the slowing economy, including modifications to interest rates and the bank reserve requirement ratio for commercial banks.
KEDIA COMMODITY MARKET ALERTS
20 Feb, 04:02
Oil Halts Three-Day Gain
WTI crude oil futures dipped below $72 per barrel on Thursday, snapping a three-day rally, as an industry survey revealed another growth in US crude stockpiles. API data showed that US oil stocks rose by more than 9 million barrels last week, considerably above estimates of a 2.8 million barrel rise, indicating a likely fourth straight weekly build if confirmed by official data later today. Meanwhile, global supply concern lingered after a Ukrainian drone strike curtailed Kazakhstan's exports, and the G7 contemplated increasing Russia's oil price ceiling. Traders also watched conflicting reports about whether OPEC+ will reduce or extend output restrictions in April, as well as US-Russia peace negotiations on the Ukraine issue. However, Kyiv's omission stoked fears about possible delays in negotiations. Kurdistan's oil shipments may begin this week, but Turkey has yet to get assurance that flows will return to the Ceyhan hub.
WTI crude oil futures dipped below $72 per barrel on Thursday, snapping a three-day rally, as an industry survey revealed another growth in US crude stockpiles. API data showed that US oil stocks rose by more than 9 million barrels last week, considerably above estimates of a 2.8 million barrel rise, indicating a likely fourth straight weekly build if confirmed by official data later today. Meanwhile, global supply concern lingered after a Ukrainian drone strike curtailed Kazakhstan's exports, and the G7 contemplated increasing Russia's oil price ceiling. Traders also watched conflicting reports about whether OPEC+ will reduce or extend output restrictions in April, as well as US-Russia peace negotiations on the Ukraine issue. However, Kyiv's omission stoked fears about possible delays in negotiations. Kurdistan's oil shipments may begin this week, but Turkey has yet to get assurance that flows will return to the Ceyhan hub.
KEDIA COMMODITY MARKET ALERTS
20 Feb, 03:57
Gold Holds Firm at Peaks
Gold remained above $2,930 per ounce on Thursday, staying around all-time highs as investors assessed the most recent FOMC minutes. The January meeting minutes emphasized Fed policymakers' call for greater evidence of sustained disinflation while also raising concerns about trade policy adjustments, such as rising tariffs, potentially adding to inflationary pressures. The markets are now pricing in one rate drop for the federal funds rate in 2025, with the possibility of a second. As global uncertainty persisted, gold's attractiveness as a safe haven remained strong. Trump has announced plans to impose a 25% tariff on automobiles, as well as tariffs on electronics and pharmaceuticals, intensifying trade hostilities. Investors are also eagerly monitoring US-Russia peace negotiations on the Ukraine conflict, though Kyiv's exclusion has stoked fears about potential delays. Meanwhile, China maintained its benchmark lending rates, indicating a cautious approach to monetary stimulus.
Gold remained above $2,930 per ounce on Thursday, staying around all-time highs as investors assessed the most recent FOMC minutes. The January meeting minutes emphasized Fed policymakers' call for greater evidence of sustained disinflation while also raising concerns about trade policy adjustments, such as rising tariffs, potentially adding to inflationary pressures. The markets are now pricing in one rate drop for the federal funds rate in 2025, with the possibility of a second. As global uncertainty persisted, gold's attractiveness as a safe haven remained strong. Trump has announced plans to impose a 25% tariff on automobiles, as well as tariffs on electronics and pharmaceuticals, intensifying trade hostilities. Investors are also eagerly monitoring US-Russia peace negotiations on the Ukraine conflict, though Kyiv's exclusion has stoked fears about potential delays. Meanwhile, China maintained its benchmark lending rates, indicating a cautious approach to monetary stimulus.
KEDIA COMMODITY MARKET ALERTS
20 Feb, 03:37
MENTHAOIL DAILY LEVELS
MENTHAOIL - 925
Resistance: 937-948-956
Support: 918-910-899
MENTHAOIL - 925
Resistance: 937-948-956
Support: 918-910-899
KEDIA COMMODITY MARKET ALERTS
20 Feb, 03:35
CASTOR LEVELS
CASTOR - 6335
Resistance: 6354-6372-6396
Support: 6312-6288-6270
CASTOR - 6335
Resistance: 6354-6372-6396
Support: 6312-6288-6270
KEDIA COMMODITY MARKET ALERTS
20 Feb, 03:35
SPICES LEVELS
TURMERIC - 12968
Resistance: 13062-13154-13280
Support: 12844-12718-12626
JEERA - 21140
Resistance: 21390-21650-21810
Support: 20970-20810-20550
DHANIYA - 8224
Resistance: 8268-8312-8374
Support: 8162-8100-8056
TURMERIC - 12968
Resistance: 13062-13154-13280
Support: 12844-12718-12626
JEERA - 21140
Resistance: 21390-21650-21810
Support: 20970-20810-20550
DHANIYA - 8224
Resistance: 8268-8312-8374
Support: 8162-8100-8056
KEDIA COMMODITY MARKET ALERTS
20 Feb, 03:34
COTTON COMPLEX LEVELS
COTTON - 54420
Resistance: 54540-54650-54770
Support: 54310-54190-54080
COCUDAKL - 2718
Resistance: 2726-2735-2750
Support: 2702-2687-2678
KAPAS - 1485.5
Resistance: 1489-1491-1493
Support: 1485-1483-1481
COTTON - 54420
Resistance: 54540-54650-54770
Support: 54310-54190-54080
COCUDAKL - 2718
Resistance: 2726-2735-2750
Support: 2702-2687-2678
KAPAS - 1485.5
Resistance: 1489-1491-1493
Support: 1485-1483-1481
KEDIA COMMODITY MARKET ALERTS
20 Feb, 03:33
GUAR COMPLEX LEVELS
GUARSEED - 5364
Resistance: 5387-5410-5425
Support: 5349-5334-5311
GUARGUM - 10167
Resistance: 10220-10270-10300
Support: 10140-10110-10060
GUARSEED - 5364
Resistance: 5387-5410-5425
Support: 5349-5334-5311
GUARGUM - 10167
Resistance: 10220-10270-10300
Support: 10140-10110-10060
KEDIA COMMODITY MARKET ALERTS
20 Feb, 03:33
BASEMETALS LEVELS
COPPER - 868.05
Resistance: 874-879.8-884.7
Support: 863.3-858.4-852.6
ZINC - 268.65
Resistance: 270.7-272.6-274.3
Support: 267.1-265.4-263.5
ALUMINIUM - 262.4
Resistance: 265.6-268.7-271.1
Support: 260.1-257.7-254.6
LEAD - 179.55
Resistance: 180.1-180.6-181.2
Support: 179-178.4-177.9
COPPER - 868.05
Resistance: 874-879.8-884.7
Support: 863.3-858.4-852.6
ZINC - 268.65
Resistance: 270.7-272.6-274.3
Support: 267.1-265.4-263.5
ALUMINIUM - 262.4
Resistance: 265.6-268.7-271.1
Support: 260.1-257.7-254.6
LEAD - 179.55
Resistance: 180.1-180.6-181.2
Support: 179-178.4-177.9
KEDIA COMMODITY MARKET ALERTS
20 Feb, 03:32
ENERGY LEVELS
CRUDEOIL - 6288
Resistance: 6336-6385-6423
Support: 6249-6211-6162
NATURALGAS - 368.8
Resistance: 378.8-388.8-405.6
Support: 352-335.2-325.2
CRUDEOIL$ - 72.11
Resistance: 72.78-73.45-84.65
Support: 71.57-71.03-59.83
NATURALGAS$ - 4.389
Resistance: 4.546-4.703-4.923
Support: 4.09-3.791-3.571
CRUDEOIL - 6288
Resistance: 6336-6385-6423
Support: 6249-6211-6162
NATURALGAS - 368.8
Resistance: 378.8-388.8-405.6
Support: 352-335.2-325.2
CRUDEOIL$ - 72.11
Resistance: 72.78-73.45-84.65
Support: 71.57-71.03-59.83
NATURALGAS$ - 4.389
Resistance: 4.546-4.703-4.923
Support: 4.09-3.791-3.571
KEDIA COMMODITY MARKET ALERTS
20 Feb, 03:32
BULLION LEVELS
MCXBULLDEX - 20617
Resistance: 20697-20778-20849
Support: 20545-20474-20393
GOLD - 85910
Resistance: 86380-86850-87110
Support: 85650-85390-84920
SILVER - 96406
Resistance: 97300-98200-98880
Support: 95720-95040-94140
GOLD$ - 2935.55
Resistance: 2949.5-2962.73-2973.93
Support: 2920.77-2905.27-2894.07
SILVER$ - 32.7035
Resistance: 33.07-33.43-33.65
Support: 32.39-32.07-31.85
MCXBULLDEX - 20617
Resistance: 20697-20778-20849
Support: 20545-20474-20393
GOLD - 85910
Resistance: 86380-86850-87110
Support: 85650-85390-84920
SILVER - 96406
Resistance: 97300-98200-98880
Support: 95720-95040-94140
GOLD$ - 2935.55
Resistance: 2949.5-2962.73-2973.93
Support: 2920.77-2905.27-2894.07
SILVER$ - 32.7035
Resistance: 33.07-33.43-33.65
Support: 32.39-32.07-31.85
KEDIA COMMODITY MARKET ALERTS
20 Feb, 03:31
CURRENCY LEVELS
USDINR - 87.0075
Resistance: 87.05-87.09-87.14
Support: 86.96-86.91-86.87
EURINR - 91.03
Resistance: 91.15-91.27-91.38
Support: 90.92-90.81-90.69
GBPINR - 109.5825
Resistance: 109.8-110.02-110.19
Support: 109.41-109.24-109.02
JPYINR - 57.635
Resistance: 57.77-57.89-58.03
Support: 57.51-57.37-57.25
USDINR - 87.0075
Resistance: 87.05-87.09-87.14
Support: 86.96-86.91-86.87
EURINR - 91.03
Resistance: 91.15-91.27-91.38
Support: 90.92-90.81-90.69
GBPINR - 109.5825
Resistance: 109.8-110.02-110.19
Support: 109.41-109.24-109.02
JPYINR - 57.635
Resistance: 57.77-57.89-58.03
Support: 57.51-57.37-57.25
KEDIA COMMODITY MARKET ALERTS
28 Jan, 09:04
Daily LME Daily Stocks As On 28012025
Daily LME Daily Stocks is as follows: Aluminium up by 225MT, Copper up by 675MT, Lead down by -2225MT, Nickel down by -672MT & Zinc down by -3625MT.
Daily LME Daily Stocks is as follows: Aluminium up by 225MT, Copper up by 675MT, Lead down by -2225MT, Nickel down by -672MT & Zinc down by -3625MT.
KEDIA COMMODITY MARKET ALERTS
28 Jan, 08:03
1:30PM EUR ZONE DATA
Spanish Unemployment Rate
Actual: 10.6%
Forecast: 11.1%
Previous: 11.2%
Positive for Euro
Spanish Unemployment Rate
Actual: 10.6%
Forecast: 11.1%
Previous: 11.2%
Positive for Euro
KEDIA COMMODITY MARKET ALERTS
28 Jan, 06:55
Silver falls as the dollar recovers.
Silver prices fell to around $30 per ounce on Tuesday, extending losses from the previous session as the dollar rallied amid US President Donald Trump's escalating tariff threats. Trump has announced plans to levy tariffs on imported chips, pharmaceuticals, steel, aluminium, and copper in an effort to boost domestic production. Traders remained cautious ahead of the President's previously announced February 1 deadline for the first round of tariffs targeting China, Mexico, and Canada. Meanwhile, investors are gearing up for the US Federal Reserve's policy decision this week, which is widely expected to leave interest rates unchanged. In addition, overcapacity in China's solar panel industry prompted photovoltaic companies to join a government-led self-discipline program, which is expected to limit silver demand from one of the country's top industries.
Silver prices fell to around $30 per ounce on Tuesday, extending losses from the previous session as the dollar rallied amid US President Donald Trump's escalating tariff threats. Trump has announced plans to levy tariffs on imported chips, pharmaceuticals, steel, aluminium, and copper in an effort to boost domestic production. Traders remained cautious ahead of the President's previously announced February 1 deadline for the first round of tariffs targeting China, Mexico, and Canada. Meanwhile, investors are gearing up for the US Federal Reserve's policy decision this week, which is widely expected to leave interest rates unchanged. In addition, overcapacity in China's solar panel industry prompted photovoltaic companies to join a government-led self-discipline program, which is expected to limit silver demand from one of the country's top industries.
KEDIA COMMODITY MARKET ALERTS
28 Jan, 05:19
Palm oil drops ahead of the Lunar holidays.
Malaysian palm oil futures fell below MYR 4,200 per tonne following a quiet session the day before, as traders were hesitant to enter new positions ahead of the Spring Festival break. Meanwhile, the Malaysia Palm Oil Council (MPOC) expects lower shipments in the first two months of the year due to seasonal factors, putting pressure on prices. Palm oil demand in top buyer India fell as buyers shifted to soybean oil due to South American surplus supplies. Capping further declines, the Malaysian Palm Oil Association reported a 14% decrease in production during the first 20 days of January compared to the same period in December. Separately, the MPOC stated that prices will hover between MYR 4,250 and MYR 4,550 in Q1 2025, with demand expected to increase after March due to a tightening supply of sunflower oil caused by heavy exports from the Black Sea region. Separately, Reuters forecasted that Malaysian palm oil futures would average higher in 2025, boosted by Indonesia's push for a higher biodiesel mandate.
Malaysian palm oil futures fell below MYR 4,200 per tonne following a quiet session the day before, as traders were hesitant to enter new positions ahead of the Spring Festival break. Meanwhile, the Malaysia Palm Oil Council (MPOC) expects lower shipments in the first two months of the year due to seasonal factors, putting pressure on prices. Palm oil demand in top buyer India fell as buyers shifted to soybean oil due to South American surplus supplies. Capping further declines, the Malaysian Palm Oil Association reported a 14% decrease in production during the first 20 days of January compared to the same period in December. Separately, the MPOC stated that prices will hover between MYR 4,250 and MYR 4,550 in Q1 2025, with demand expected to increase after March due to a tightening supply of sunflower oil caused by heavy exports from the Black Sea region. Separately, Reuters forecasted that Malaysian palm oil futures would average higher in 2025, boosted by Indonesia's push for a higher biodiesel mandate.
KEDIA COMMODITY MARKET ALERTS
28 Jan, 05:07
10:30AM JPY ZONE DATA
BOJ Core CPI y/y
Actual: 1.9%
Forecast: 1.7%
Previous: 1.7%
Positive for JPY
BOJ Core CPI y/y
Actual: 1.9%
Forecast: 1.7%
Previous: 1.7%
Positive for JPY
KEDIA COMMODITY MARKET ALERTS
28 Jan, 04:19
The Japanese yen has weakened in response to Trump's tariff plans.
On Tuesday, the Japanese yen fell below 155.5 per dollar, retreating from six-week highs as the dollar rebounded after US President Donald Trump issued fresh tariff threats. To boost domestic production, Trump announced plans to impose tariffs on imported chips, pharmaceuticals, steel, aluminium, and copper. The yen also reversed gains from the previous session, when concerns over Chinese startup DeepSeek's free open-source AI model challenging the dominance of US AI leaders triggered a risk-off sentiment. Nevertheless, the yen remains supported by a hawkish outlook on Bank of Japan monetary policy. In January, the BOJ raised interest rates by 25 basis points to 0.5%, resulting in the highest short-term borrowing costs in 16 years. The central bank also expects inflation to reach its 2% target in the second half of its forecast period, indicating the possibility of additional rate hikes.
On Tuesday, the Japanese yen fell below 155.5 per dollar, retreating from six-week highs as the dollar rebounded after US President Donald Trump issued fresh tariff threats. To boost domestic production, Trump announced plans to impose tariffs on imported chips, pharmaceuticals, steel, aluminium, and copper. The yen also reversed gains from the previous session, when concerns over Chinese startup DeepSeek's free open-source AI model challenging the dominance of US AI leaders triggered a risk-off sentiment. Nevertheless, the yen remains supported by a hawkish outlook on Bank of Japan monetary policy. In January, the BOJ raised interest rates by 25 basis points to 0.5%, resulting in the highest short-term borrowing costs in 16 years. The central bank also expects inflation to reach its 2% target in the second half of its forecast period, indicating the possibility of additional rate hikes.
KEDIA COMMODITY MARKET ALERTS
28 Jan, 04:18
The dollar rises on fresh tariff threats.
The dollar index rose above 107.8 on Tuesday, recovering from six-week lows as President Donald Trump increased his tariff threats. Trump announced tariffs on imported computer chips, pharmaceuticals, and steel in an effort to encourage domestic production of these goods. Traders also became more cautious as the February 1 deadline for the first round of tariffs, as previously announced by the President, approaches. Meanwhile, the Federal Reserve began its two-day policy meeting on Tuesday, with expectations that interest rates would remain unchanged despite Trump's calls for immediate rate cuts. Investors are watching the central bank's inflation outlook for clues as to when the next rate cut will occur.
The dollar index rose above 107.8 on Tuesday, recovering from six-week lows as President Donald Trump increased his tariff threats. Trump announced tariffs on imported computer chips, pharmaceuticals, and steel in an effort to encourage domestic production of these goods. Traders also became more cautious as the February 1 deadline for the first round of tariffs, as previously announced by the President, approaches. Meanwhile, the Federal Reserve began its two-day policy meeting on Tuesday, with expectations that interest rates would remain unchanged despite Trump's calls for immediate rate cuts. Investors are watching the central bank's inflation outlook for clues as to when the next rate cut will occur.
KEDIA COMMODITY MARKET ALERTS
28 Jan, 04:05
US Building Permits Down as Expected in December.
Building permits in the United States fell by 0.7% in December 2024 to a seasonally adjusted annualised rate of 1.482 million, according to final data. Permits for buildings with five or more units fell by 6.7% to an annualised rate of 433 thousand, while single-family permits increased by 2% to 996,000. Permits decreased in the West (-7.8% to 309 thousand), but increased in the Northeast (5% to 147 thousand), Midwest (0.5% to 219 thousand), and South (0.9% to 309 thousand).
Building permits in the United States fell by 0.7% in December 2024 to a seasonally adjusted annualised rate of 1.482 million, according to final data. Permits for buildings with five or more units fell by 6.7% to an annualised rate of 433 thousand, while single-family permits increased by 2% to 996,000. Permits decreased in the West (-7.8% to 309 thousand), but increased in the Northeast (5% to 147 thousand), Midwest (0.5% to 219 thousand), and South (0.9% to 309 thousand).
KEDIA COMMODITY MARKET ALERTS
28 Jan, 04:04
The Chicago Fed National Activity Index improves.
The Chicago Fed National Activity Index for the United States rose to 0.15 in December 2024, the highest reading in seven months, from an upwardly revised -0.01 in November. The reading revealed that economic growth increased in December, with production-related indicators contributing 0.19 (vs +0.03 in November) and employment-related indicators adding (vs unchanged). In contrast, the sales, orders, and inventories category contributed -0.02 (compared to -0.05 in November), while the personal consumption and housing category contributed -0.02 (versus -0.01). Meanwhile, the index's three-month moving average (CFNAI-MA3) rose to -0.13 in December from -0.26 in November.
The Chicago Fed National Activity Index for the United States rose to 0.15 in December 2024, the highest reading in seven months, from an upwardly revised -0.01 in November. The reading revealed that economic growth increased in December, with production-related indicators contributing 0.19 (vs +0.03 in November) and employment-related indicators adding (vs unchanged). In contrast, the sales, orders, and inventories category contributed -0.02 (compared to -0.05 in November), while the personal consumption and housing category contributed -0.02 (versus -0.01). Meanwhile, the index's three-month moving average (CFNAI-MA3) rose to -0.13 in December from -0.26 in November.
KEDIA COMMODITY MARKET ALERTS
28 Jan, 04:02
US Home Sales Exceed Expectations.
Sales of new single-family homes in the United States increased 3.6% from the previous month to a seasonally adjusted annualised rate of 698,000 in December 2024, the highest since September and well above market expectations of 670,000. The increase came despite a spike in benchmark mortgage rates during the period, which coincided with market concerns that high inflation would force the Fed to remain hawkish in the meantime. The West (20.3% to 154,000) and the Northeast (41.7% to 34,000) led sales growth, while sales fell slightly in the South (-2.1% to 423,000) and the Midwest (-3.3% to 87,000). The median home price was $427,000, with an average sales price of $513,600. In turn, the inventory of homes for sale was 494,000, which equates to 8.5 months at the current sales rate.
Sales of new single-family homes in the United States increased 3.6% from the previous month to a seasonally adjusted annualised rate of 698,000 in December 2024, the highest since September and well above market expectations of 670,000. The increase came despite a spike in benchmark mortgage rates during the period, which coincided with market concerns that high inflation would force the Fed to remain hawkish in the meantime. The West (20.3% to 154,000) and the Northeast (41.7% to 34,000) led sales growth, while sales fell slightly in the South (-2.1% to 423,000) and the Midwest (-3.3% to 87,000). The median home price was $427,000, with an average sales price of $513,600. In turn, the inventory of homes for sale was 494,000, which equates to 8.5 months at the current sales rate.
KEDIA COMMODITY MARKET ALERTS
28 Jan, 04:01
Nickel hovers near 4-year low
Nickel futures were below $15,700, remaining relatively close to the four-year low of $15,000 set on January 2nd, as threats of output curbs failed to sway bets on an oversupplied market in the coming years. According to reports, top producer Indonesia is considering reducing nickel mining quotas to 150 million tonnes this year, down from 270 million tonnes in 2024, which would reduce global supply by 35 percent. However, the muted magnitude of the rebound suggests that markets expect the nickel market to remain oversupplied. This is due to the increase in Chinese smelting projects in Indonesia, which prohibited the export of nickel ores in 2020. As of September, Indonesia had 44 nickel smelting operations, up from four a decade ago. Adding to the bearish pressure, Chinese battery producers have begun to use technologies that do not use nickel, further lowering the metal's outlook.
Nickel futures were below $15,700, remaining relatively close to the four-year low of $15,000 set on January 2nd, as threats of output curbs failed to sway bets on an oversupplied market in the coming years. According to reports, top producer Indonesia is considering reducing nickel mining quotas to 150 million tonnes this year, down from 270 million tonnes in 2024, which would reduce global supply by 35 percent. However, the muted magnitude of the rebound suggests that markets expect the nickel market to remain oversupplied. This is due to the increase in Chinese smelting projects in Indonesia, which prohibited the export of nickel ores in 2020. As of September, Indonesia had 44 nickel smelting operations, up from four a decade ago. Adding to the bearish pressure, Chinese battery producers have begun to use technologies that do not use nickel, further lowering the metal's outlook.
KEDIA COMMODITY MARKET ALERTS
28 Jan, 04:00
The Dallas Fed Manufacturing Index has reached its highest level in over three years.
The Dallas Fed's Texas Manufacturing Activity Index increased 7 points to 12.2 in January 2025, the highest level since October 2021. Additionally, new orders reached their highest level since April 2022, while capacity utilisation and shipments improved. Business conditions have reached multiyear highs, with the general business activity index rising to 14.1 and the company outlook index to 18.7. Employment increased slightly, with 14% of firms hiring. Price pressures have increased, with raw material and finished goods prices rising. Future manufacturing expectations are high, with the future production index jumping to 44.8.
The Dallas Fed's Texas Manufacturing Activity Index increased 7 points to 12.2 in January 2025, the highest level since October 2021. Additionally, new orders reached their highest level since April 2022, while capacity utilisation and shipments improved. Business conditions have reached multiyear highs, with the general business activity index rising to 14.1 and the company outlook index to 18.7. Employment increased slightly, with 14% of firms hiring. Price pressures have increased, with raw material and finished goods prices rising. Future manufacturing expectations are high, with the future production index jumping to 44.8.
KEDIA COMMODITY MARKET ALERTS
28 Jan, 03:59
Gold falls from its two-month high.
Gold fell below $2,735 per ounce on Monday, after reaching a two-month high of $2,770 the previous session, as investors preferred fixed income and defensive equities over bullion following a recalibration of future returns for the heavyweight US tech output. However, expectations of lower interest rates from the Fed this year limited the pullback. The central bank is expected to keep rates unchanged this week, but investors are hoping that Chairman Powell will refrain from providing overly hawkish guidance after the most recent CPI data showed some softening in underlying inflation. Pro-inflationary risks from US trade policy were also mitigated as President Trump eased his rhetoric on tariffs against China and postponed taxing Colombian exports after the White House reached an expatriation agreement with Bogota. Markets anticipate two rate cuts from the Fed this year, with a slight consensus for the first move in May, boosting the outlook for non-interest-bearing assets.
Gold fell below $2,735 per ounce on Monday, after reaching a two-month high of $2,770 the previous session, as investors preferred fixed income and defensive equities over bullion following a recalibration of future returns for the heavyweight US tech output. However, expectations of lower interest rates from the Fed this year limited the pullback. The central bank is expected to keep rates unchanged this week, but investors are hoping that Chairman Powell will refrain from providing overly hawkish guidance after the most recent CPI data showed some softening in underlying inflation. Pro-inflationary risks from US trade policy were also mitigated as President Trump eased his rhetoric on tariffs against China and postponed taxing Colombian exports after the White House reached an expatriation agreement with Bogota. Markets anticipate two rate cuts from the Fed this year, with a slight consensus for the first move in May, boosting the outlook for non-interest-bearing assets.
KEDIA COMMODITY MARKET ALERTS
28 Jan, 03:58
Oil Losses Continue, With Trump's Tariff Threats in Focus
WTI crude oil futures hovered around $73.2 per barrel on Tuesday, following a sharp decline the previous day, as traders remained focused on President Donald Trump's broad set of tariffs. Trump announced plans to impose tariffs on foreign-produced goods such as steel, aluminium, and copper in the near future, raising concerns about the potential impact on global commodity demand. Additionally, his Treasury Secretary, Scott Bessent, is said to support gradual universal tariffs on US imports beginning at 2.5%. On Monday, crude prices fell 2% amid a broad risk-off trade fuelled by a drop in technology stocks and weak manufacturing data from top oil importer China. While the migrant dispute between the United States and Colombia has been resolved, Trump's tariff threats against China, Canada, and Mexico, as well as his calls for OPEC to lower prices and increase U.S. production, continue to weigh on market sentiment.
WTI crude oil futures hovered around $73.2 per barrel on Tuesday, following a sharp decline the previous day, as traders remained focused on President Donald Trump's broad set of tariffs. Trump announced plans to impose tariffs on foreign-produced goods such as steel, aluminium, and copper in the near future, raising concerns about the potential impact on global commodity demand. Additionally, his Treasury Secretary, Scott Bessent, is said to support gradual universal tariffs on US imports beginning at 2.5%. On Monday, crude prices fell 2% amid a broad risk-off trade fuelled by a drop in technology stocks and weak manufacturing data from top oil importer China. While the migrant dispute between the United States and Colombia has been resolved, Trump's tariff threats against China, Canada, and Mexico, as well as his calls for OPEC to lower prices and increase U.S. production, continue to weigh on market sentiment.
KEDIA COMMODITY MARKET ALERTS
28 Jan, 03:24
MENTHAOIL DAILY LEVELS
MENTHAOIL - 932.8
Resistance: 936-939-942
Support: 930-927-924
MENTHAOIL - 932.8
Resistance: 936-939-942
Support: 930-927-924
KEDIA COMMODITY MARKET ALERTS
28 Jan, 03:22
CASTOR LEVELS
CASTOR - 6407
Resistance: 6435-6462-6480
Support: 6390-6372-6345
CASTOR - 6407
Resistance: 6435-6462-6480
Support: 6390-6372-6345
KEDIA COMMODITY MARKET ALERTS
28 Jan, 03:22
SPICES LEVELS
TURMERIC - 13516
Resistance: 13756-13996-14192
Support: 13320-13124-12884
JEERA - 21725
Resistance: 22030-22320-22520
Support: 21540-21340-21050
DHANIYA - 8280
Resistance: 8342-8406-8442
Support: 8242-8206-8142
TURMERIC - 13516
Resistance: 13756-13996-14192
Support: 13320-13124-12884
JEERA - 21725
Resistance: 22030-22320-22520
Support: 21540-21340-21050
DHANIYA - 8280
Resistance: 8342-8406-8442
Support: 8242-8206-8142
KEDIA COMMODITY MARKET ALERTS
28 Jan, 03:21
COTTON COMPLEX LEVELS
COTTON - 52850
Resistance: 53450-54050-54420
Support: 52480-52110-51510
COCUDAKL - 2686
Resistance: 2704-2722-2737
Support: 2671-2656-2638
KAPAS - 1476
Resistance: 1483-1489-1494
Support: 1472-1467-1461
COTTON - 52850
Resistance: 53450-54050-54420
Support: 52480-52110-51510
COCUDAKL - 2686
Resistance: 2704-2722-2737
Support: 2671-2656-2638
KAPAS - 1476
Resistance: 1483-1489-1494
Support: 1472-1467-1461
KEDIA COMMODITY MARKET ALERTS
28 Jan, 03:21
GUAR COMPLEX LEVELS
GUARSEED - 5417
Resistance: 5434-5452-5473
Support: 5395-5374-5356
GUARGUM - 10452
Resistance: 10490-10528-10586
Support: 10394-10336-10298
GUARSEED - 5417
Resistance: 5434-5452-5473
Support: 5395-5374-5356
GUARGUM - 10452
Resistance: 10490-10528-10586
Support: 10394-10336-10298
KEDIA COMMODITY MARKET ALERTS
28 Jan, 03:20
BASEMETALS LEVELS
COPPER - 826.8
Resistance: 837.2-847.4-852.9
Support: 821.5-816-805.8
ZINC - 269.25
Resistance: 271-272.7-274.2
Support: 267.8-266.3-264.6
ALUMINIUM - 249.05
Resistance: 251.2-253.4-255.1
Support: 247.3-245.6-243.4
LEAD - 179.75
Resistance: 180.3-180.9-181.8
Support: 178.8-177.9-177.3
COPPER - 826.8
Resistance: 837.2-847.4-852.9
Support: 821.5-816-805.8
ZINC - 269.25
Resistance: 271-272.7-274.2
Support: 267.8-266.3-264.6
ALUMINIUM - 249.05
Resistance: 251.2-253.4-255.1
Support: 247.3-245.6-243.4
LEAD - 179.75
Resistance: 180.3-180.9-181.8
Support: 178.8-177.9-177.3
KEDIA COMMODITY MARKET ALERTS
23 Jan, 03:25
MENTHAOIL DAILY LEVELS
MENTHAOIL - 916.7
Resistance: 922-928-934
Support: 910-904-898
MENTHAOIL - 916.7
Resistance: 922-928-934
Support: 910-904-898
KEDIA COMMODITY MARKET ALERTS
23 Jan, 03:23
CASTOR LEVELS
CASTOR - 6510
Resistance: 6529-6548-6580
Support: 6478-6446-6427
CASTOR - 6510
Resistance: 6529-6548-6580
Support: 6478-6446-6427
KEDIA COMMODITY MARKET ALERTS
23 Jan, 03:22
SPICES LEVELS
TURMERIC - 14300
Resistance: 14414-14530-14620
Support: 14208-14118-14002
JEERA - 22625
Resistance: 22730-22820-22960
Support: 22500-22360-22270
DHANIYA - 8610
Resistance: 8644-8676-8712
Support: 8576-8540-8508
TURMERIC - 14300
Resistance: 14414-14530-14620
Support: 14208-14118-14002
JEERA - 22625
Resistance: 22730-22820-22960
Support: 22500-22360-22270
DHANIYA - 8610
Resistance: 8644-8676-8712
Support: 8576-8540-8508
KEDIA COMMODITY MARKET ALERTS
23 Jan, 03:22
COTTON COMPLEX LEVELS
COTTON - 53450
Resistance: 54020-54580-54910
Support: 53130-52800-52240
COCUDAKL - 2768
Resistance: 2779-2790-2798
Support: 2760-2752-2741
KAPAS - 1489.5
Resistance: 1492-1495-1498
Support: 1486-1483-1480
COTTON - 53450
Resistance: 54020-54580-54910
Support: 53130-52800-52240
COCUDAKL - 2768
Resistance: 2779-2790-2798
Support: 2760-2752-2741
KAPAS - 1489.5
Resistance: 1492-1495-1498
Support: 1486-1483-1480
KEDIA COMMODITY MARKET ALERTS
23 Jan, 03:21
GUAR COMPLEX LEVELS
GUARSEED - 5506
Resistance: 5525-5544-5566
Support: 5484-5462-5443
GUARGUM - 10641
Resistance: 10680-10720-10760
Support: 10600-10560-10520
GUARSEED - 5506
Resistance: 5525-5544-5566
Support: 5484-5462-5443
GUARGUM - 10641
Resistance: 10680-10720-10760
Support: 10600-10560-10520
KEDIA COMMODITY MARKET ALERTS
23 Jan, 03:20
BASEMETALS LEVELS
COPPER - 831.2
Resistance: 833.8-836.4-838.8
Support: 828.8-826.4-823.8
ZINC - 275.15
Resistance: 276.8-278.5-279.9
Support: 273.7-272.3-270.6
ALUMINIUM - 255.25
Resistance: 256.5-257.8-259
Support: 254-252.8-251.5
LEAD - 177.95
Resistance: 178.7-179.5-180.5
Support: 176.9-175.9-175.1
COPPER - 831.2
Resistance: 833.8-836.4-838.8
Support: 828.8-826.4-823.8
ZINC - 275.15
Resistance: 276.8-278.5-279.9
Support: 273.7-272.3-270.6
ALUMINIUM - 255.25
Resistance: 256.5-257.8-259
Support: 254-252.8-251.5
LEAD - 177.95
Resistance: 178.7-179.5-180.5
Support: 176.9-175.9-175.1
KEDIA COMMODITY MARKET ALERTS
23 Jan, 03:20
ENERGY LEVELS
CRUDEOIL - 6561
Resistance: 6609-6656-6698
Support: 6520-6478-6431
NATURALGAS - 340
Resistance: 347.3-354.7-367.7
Support: 326.9-313.9-306.5
CRUDEOIL$ - 75.44
Resistance: 75.77-76.09-87.29
Support: 75.27-75.09-63.89
NATURALGAS$ - 3.96
Resistance: 4.061-4.162-4.382
Support: 3.801-3.642-3.422
CRUDEOIL - 6561
Resistance: 6609-6656-6698
Support: 6520-6478-6431
NATURALGAS - 340
Resistance: 347.3-354.7-367.7
Support: 326.9-313.9-306.5
CRUDEOIL$ - 75.44
Resistance: 75.77-76.09-87.29
Support: 75.27-75.09-63.89
NATURALGAS$ - 3.96
Resistance: 4.061-4.162-4.382
Support: 3.801-3.642-3.422
KEDIA COMMODITY MARKET ALERTS
23 Jan, 03:19
BULLION LEVELS
MCXBULLDEX - 19269
Resistance: 19305-19342-19368
Support: 19242-19216-19179
GOLD - 79564
Resistance: 79700-79840-80045
Support: 79355-79150-79010
SILVER - 91944
Resistance: 92560-93180-93810
Support: 91310-90680-90060
GOLD$ - 2755.64
Resistance: 2766.17-2775.89-2787.09
Support: 2744.28-2732.11-2720.91
SILVER$ - 30.7835
Resistance: 31.01-31.24-31.46
Support: 30.55-30.32-30.1
MCXBULLDEX - 19269
Resistance: 19305-19342-19368
Support: 19242-19216-19179
GOLD - 79564
Resistance: 79700-79840-80045
Support: 79355-79150-79010
SILVER - 91944
Resistance: 92560-93180-93810
Support: 91310-90680-90060
GOLD$ - 2755.64
Resistance: 2766.17-2775.89-2787.09
Support: 2744.28-2732.11-2720.91
SILVER$ - 30.7835
Resistance: 31.01-31.24-31.46
Support: 30.55-30.32-30.1
KEDIA COMMODITY MARKET ALERTS
23 Jan, 03:19
CURRENCY LEVELS
USDINR - 86.3975
Resistance: 86.59-86.77-86.9
Support: 86.28-86.15-85.97
EURINR - 90.28
Resistance: 90.37-90.45-90.6
Support: 90.14-89.99-89.91
GBPINR - 106.8
Resistance: 107.1-107.4-107.85
Support: 106.35-105.9-105.6
JPYINR - 55.4175
Resistance: 55.72-56.01-56.17
Support: 55.27-55.11-54.82
USDINR - 86.3975
Resistance: 86.59-86.77-86.9
Support: 86.28-86.15-85.97
EURINR - 90.28
Resistance: 90.37-90.45-90.6
Support: 90.14-89.99-89.91
GBPINR - 106.8
Resistance: 107.1-107.4-107.85
Support: 106.35-105.9-105.6
JPYINR - 55.4175
Resistance: 55.72-56.01-56.17
Support: 55.27-55.11-54.82
KEDIA COMMODITY MARKET ALERTS
23 Jan, 03:18
AGRI COMMODITY MARKET UPDATE -
# Menthaoil dropped on profit booking after prices gained amid shrinking supplies.
# Cotton dropped as WASDE report projected higher production and ending stocks for the 2024/25 crop year
# Turmeric dropped as harvesting has commenced in Karnataka and Andhra Pradesh and is expected to commence in Telangana.
# Jeera gains on low level buying amid shortage of stocks is contributing.
# Dhaniya gains on low level buying after prices dropped due to the off-season and good sowing reports.
# Castor seen supported as acreage has reported a significant drop.
# Menthaoil dropped on profit booking after prices gained amid shrinking supplies.
# Cotton dropped as WASDE report projected higher production and ending stocks for the 2024/25 crop year
# Turmeric dropped as harvesting has commenced in Karnataka and Andhra Pradesh and is expected to commence in Telangana.
# Jeera gains on low level buying amid shortage of stocks is contributing.
# Dhaniya gains on low level buying after prices dropped due to the off-season and good sowing reports.
# Castor seen supported as acreage has reported a significant drop.
KEDIA COMMODITY MARKET ALERTS
23 Jan, 03:17
COMMODITY MARKET UPDATE -
# Gold gains boosted by safe-haven buying as U.S. President Trump “is shaking things up” as the world marketplace nervously watches.
# Silver dropped on profit booking after seen supported boosted by uncertainty surrounding U.S. President Trump's policies.
# Crude oil dropped weighed down by U.S. President Trump's plans to boost US oil production.
# Natural gas gained on forecasts for colder weather than previously expected.
# Copper dropped as U.S. President Trump said his administration was considering imposing a 10% tariff on Chinese imports from Feb. 1
# Zinc dropped as global zinc market deficit narrows in November fell to 52,900 metric tons.
# Aluminium dropped as stocks at Japanese ports rose by 13.2% by December end, from the previous month.
# Gold gains boosted by safe-haven buying as U.S. President Trump “is shaking things up” as the world marketplace nervously watches.
# Silver dropped on profit booking after seen supported boosted by uncertainty surrounding U.S. President Trump's policies.
# Crude oil dropped weighed down by U.S. President Trump's plans to boost US oil production.
# Natural gas gained on forecasts for colder weather than previously expected.
# Copper dropped as U.S. President Trump said his administration was considering imposing a 10% tariff on Chinese imports from Feb. 1
# Zinc dropped as global zinc market deficit narrows in November fell to 52,900 metric tons.
# Aluminium dropped as stocks at Japanese ports rose by 13.2% by December end, from the previous month.
KEDIA COMMODITY MARKET ALERTS
23 Jan, 03:16
CURRENCY MARKET UPDATE -
# Rupee strengthened tracking gains in most of its regional peers, while dollar-rupee forward premiums declined.
# EURINR rises amid global market relief and ECB policy insights
# GBPINR gains amid risk-on sentiment, BOE rate cut looms
# JPYINR declines on profit booking amid BOJ rate hike expectations
# Rupee strengthened tracking gains in most of its regional peers, while dollar-rupee forward premiums declined.
# EURINR rises amid global market relief and ECB policy insights
# GBPINR gains amid risk-on sentiment, BOE rate cut looms
# JPYINR declines on profit booking amid BOJ rate hike expectations
KEDIA COMMODITY MARKET ALERTS
22 Jan, 15:29
8:30PM USD ZONE DATA
CB Leading Index m/m
Actual: -0.1%
Forecast: -0.1%
Previous: 0.3%
CB Leading Index m/m
Actual: -0.1%
Forecast: -0.1%
Previous: 0.3%
KEDIA COMMODITY MARKET ALERTS
22 Jan, 10:27
European Natural Gas Market Surge
The European natural gas market surged higher, with TTF settling over 4.5% higher and above EUR50/MWh, the highest level since the first trading day of 2025. The surge was triggered by an outage at the Freeport LNG export terminal in the US, which is currently experiencing power issues. Europe needs to import more LNG this winter due to Russian pipeline flows through Ukraine and stronger demand. Germany may consider subsidizing gas storage refills ahead of 2025/26 winter.
* European natural gas market surged higher due to Freeport LNG export terminal outage.
* TTF settled over 4.5% higher and above EUR50/MWh, the highest level since the first trading day of 2025.
* Germany may consider subsidizing gas storage refill ahead of 2025/26 winter.
* EU gas storage has fallen to 59%, requiring more LNG imports this winter due to Russian pipeline flows and stronger demand.
* Germany may consider subsidizing gas storage refill ahead of the 2025/26 winter.
The European natural gas market surged higher, with TTF settling over 4.5% higher and above EUR50/MWh, the highest level since the first trading day of 2025. The surge was triggered by an outage at the Freeport LNG export terminal in the US, which is currently experiencing power issues. Europe needs to import more LNG this winter due to Russian pipeline flows through Ukraine and stronger demand. Germany may consider subsidizing gas storage refills ahead of 2025/26 winter.
* European natural gas market surged higher due to Freeport LNG export terminal outage.
* TTF settled over 4.5% higher and above EUR50/MWh, the highest level since the first trading day of 2025.
* Germany may consider subsidizing gas storage refill ahead of 2025/26 winter.
* EU gas storage has fallen to 59%, requiring more LNG imports this winter due to Russian pipeline flows and stronger demand.
* Germany may consider subsidizing gas storage refill ahead of the 2025/26 winter.
KEDIA COMMODITY MARKET ALERTS
22 Jan, 09:13
Daily LME Daily Stocks As On 22012025
Daily LME Daily Stocks is as follows: Aluminium down by -4100MT, Copper down by -125MT, Lead down by -1800MT, Nickel up by 1992MT & Zinc down by -2175MT.
Daily LME Daily Stocks is as follows: Aluminium down by -4100MT, Copper down by -125MT, Lead down by -1800MT, Nickel up by 1992MT & Zinc down by -2175MT.
KEDIA COMMODITY MARKET ALERTS
22 Jan, 09:13
Daily LME Daily Stocks As On 22012025
Daily LME Daily Stocks is as follows: Aluminium down by -4100MT, Copper down by -125MT, Lead down by -1800MT, Nickel up by 1992MT & Zinc down by -2175MT.
Daily LME Daily Stocks is as follows: Aluminium down by -4100MT, Copper down by -125MT, Lead down by -1800MT, Nickel up by 1992MT & Zinc down by -2175MT.
KEDIA COMMODITY MARKET ALERTS
22 Jan, 07:25
UK Public Sector Borrowing Widens More Than Expected
In the UK, public sector net borrowing, excluding public sector banks, rose to £17.81 billion in December 2024, up from an upwardly revised £11.8 billion in November and exceeding the expected £14.1 billion. Total public sector spending increased by £13 billion from the previous year to £112.2 billion, driven by increases in public services, benefits, debt interest, and capital transfers. Meanwhile, receipts increased by £2.9 billion to £94.4 billion, with growth in central government tax receipts partially offset by a reduction in compulsory social contributions.
In the UK, public sector net borrowing, excluding public sector banks, rose to £17.81 billion in December 2024, up from an upwardly revised £11.8 billion in November and exceeding the expected £14.1 billion. Total public sector spending increased by £13 billion from the previous year to £112.2 billion, driven by increases in public services, benefits, debt interest, and capital transfers. Meanwhile, receipts increased by £2.9 billion to £94.4 billion, with growth in central government tax receipts partially offset by a reduction in compulsory social contributions.
KEDIA COMMODITY MARKET ALERTS
22 Jan, 07:23
12:30PM GBP ZONE DATA
Public Sector Net Borrowing
Actual: 17.8B
Forecast: 14.2B
Previous: 11.8B
Public Sector Net Borrowing
Actual: 17.8B
Forecast: 14.2B
Previous: 11.8B
KEDIA COMMODITY MARKET ALERTS
22 Jan, 06:47
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KEDIA COMMODITY MARKET ALERTS
22 Jan, 06:46
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KEDIA COMMODITY MARKET ALERTS
20 Jan, 09:53
Euro remains subdued.
The euro traded near $1.03, close to its late-2022 lows, as dollar strength remained supported by expectations that the Fed will lower rates less this year and rising inflation fears tied to Trump's proposed plans. Meanwhile, in Europe, ECB policymakers have urged caution over additional rate cuts. Robert Holzmann noted that the ECB's January rate cut is "not a foregone conclusion for me at all," whilst Joachim Nagel emphasised that the ECB should avoid rushing into rate decreases due to persistently high inflation and significant uncertainty. In December, eurozone inflation jumped for the third month in a row to 2.4%, albeit this was widely predicted given the previous year's favourable base effects. The ECB, which has already slashed rates four times since June, is expected to continue its easing policy for the next six months. Markets predict a 25 basis point drop in the main deposit rate at the ECB's meeting next week.
The euro traded near $1.03, close to its late-2022 lows, as dollar strength remained supported by expectations that the Fed will lower rates less this year and rising inflation fears tied to Trump's proposed plans. Meanwhile, in Europe, ECB policymakers have urged caution over additional rate cuts. Robert Holzmann noted that the ECB's January rate cut is "not a foregone conclusion for me at all," whilst Joachim Nagel emphasised that the ECB should avoid rushing into rate decreases due to persistently high inflation and significant uncertainty. In December, eurozone inflation jumped for the third month in a row to 2.4%, albeit this was widely predicted given the previous year's favourable base effects. The ECB, which has already slashed rates four times since June, is expected to continue its easing policy for the next six months. Markets predict a 25 basis point drop in the main deposit rate at the ECB's meeting next week.
KEDIA COMMODITY MARKET ALERTS
20 Jan, 09:46
Daily LME Daily Stocks As On 20012025
Daily LME Daily Stocks is as follows: Aluminium down by -2500MT, Copper up by 75MT, Lead down by -1725MT, Nickel up by 720MT & Zinc down by -2225MT.
Daily LME Daily Stocks is as follows: Aluminium down by -2500MT, Copper up by 75MT, Lead down by -1725MT, Nickel up by 720MT & Zinc down by -2225MT.
KEDIA COMMODITY MARKET ALERTS
20 Jan, 08:18
German producer prices rose less than expected.
In December 2024, producer prices in Germany rose by 0.8% year on year, up from 0.1% in November but less than the predicted 1.1% increase. Following more than a year of deflation, producer prices rose for the second consecutive month, owing mostly to rising capital goods prices (1.8%), particularly for machinery, motor vehicles, trailers, and semi-trailers. Non-durable consumer products (2.6%) and intermediate goods (0.1%) saw price increases as well. Meanwhile, energy prices declined by 0.2%, with higher district heating costs (17.2%) practically cancelling out decreases in natural gas (-5.6%), electricity (-1.3%), mineral oil products (-4%) and motor gasoline (-3.9%). Without energy, producer prices increased by 1.2%. The monthly PPI dipped by 0.1%, following a 0.5% increase in November. Throughout the year, the yearly average producer price reduction was 1.8%.
In December 2024, producer prices in Germany rose by 0.8% year on year, up from 0.1% in November but less than the predicted 1.1% increase. Following more than a year of deflation, producer prices rose for the second consecutive month, owing mostly to rising capital goods prices (1.8%), particularly for machinery, motor vehicles, trailers, and semi-trailers. Non-durable consumer products (2.6%) and intermediate goods (0.1%) saw price increases as well. Meanwhile, energy prices declined by 0.2%, with higher district heating costs (17.2%) practically cancelling out decreases in natural gas (-5.6%), electricity (-1.3%), mineral oil products (-4%) and motor gasoline (-3.9%). Without energy, producer prices increased by 1.2%. The monthly PPI dipped by 0.1%, following a 0.5% increase in November. Throughout the year, the yearly average producer price reduction was 1.8%.
KEDIA COMMODITY MARKET ALERTS
20 Jan, 08:18
German producer prices rose less than expected.
In December 2024, producer prices in Germany rose by 0.8% year on year, up from 0.1% in November but less than the predicted 1.1% increase. Following more than a year of deflation, producer prices rose for the second consecutive month, owing mostly to rising capital goods prices (1.8%), particularly for machinery, motor vehicles, trailers, and semi-trailers. Non-durable consumer products (2.6%) and intermediate goods (0.1%) saw price increases as well. Meanwhile, energy prices declined by 0.2%, with higher district heating costs (17.2%) practically cancelling out decreases in natural gas (-5.6%), electricity (-1.3%), mineral oil products (-4%) and motor gasoline (-3.9%). Without energy, producer prices increased by 1.2%. The monthly PPI dipped by 0.1%, following a 0.5% increase in November. Throughout the year, the yearly average producer price reduction was 1.8%.
In December 2024, producer prices in Germany rose by 0.8% year on year, up from 0.1% in November but less than the predicted 1.1% increase. Following more than a year of deflation, producer prices rose for the second consecutive month, owing mostly to rising capital goods prices (1.8%), particularly for machinery, motor vehicles, trailers, and semi-trailers. Non-durable consumer products (2.6%) and intermediate goods (0.1%) saw price increases as well. Meanwhile, energy prices declined by 0.2%, with higher district heating costs (17.2%) practically cancelling out decreases in natural gas (-5.6%), electricity (-1.3%), mineral oil products (-4%) and motor gasoline (-3.9%). Without energy, producer prices increased by 1.2%. The monthly PPI dipped by 0.1%, following a 0.5% increase in November. Throughout the year, the yearly average producer price reduction was 1.8%.
KEDIA COMMODITY MARKET ALERTS
20 Jan, 08:18
German producer prices rose less than expected.
In December 2024, producer prices in Germany rose by 0.8% year on year, up from 0.1% in November but less than the predicted 1.1% increase. Following more than a year of deflation, producer prices rose for the second consecutive month, owing mostly to rising capital goods prices (1.8%), particularly for machinery, motor vehicles, trailers, and semi-trailers. Non-durable consumer products (2.6%) and intermediate goods (0.1%) saw price increases as well. Meanwhile, energy prices declined by 0.2%, with higher district heating costs (17.2%) practically cancelling out decreases in natural gas (-5.6%), electricity (-1.3%), mineral oil products (-4%) and motor gasoline (-3.9%). Without energy, producer prices increased by 1.2%. The monthly PPI dipped by 0.1%, following a 0.5% increase in November. Throughout the year, the yearly average producer price reduction was 1.8%.
In December 2024, producer prices in Germany rose by 0.8% year on year, up from 0.1% in November but less than the predicted 1.1% increase. Following more than a year of deflation, producer prices rose for the second consecutive month, owing mostly to rising capital goods prices (1.8%), particularly for machinery, motor vehicles, trailers, and semi-trailers. Non-durable consumer products (2.6%) and intermediate goods (0.1%) saw price increases as well. Meanwhile, energy prices declined by 0.2%, with higher district heating costs (17.2%) practically cancelling out decreases in natural gas (-5.6%), electricity (-1.3%), mineral oil products (-4%) and motor gasoline (-3.9%). Without energy, producer prices increased by 1.2%. The monthly PPI dipped by 0.1%, following a 0.5% increase in November. Throughout the year, the yearly average producer price reduction was 1.8%.
KEDIA COMMODITY MARKET ALERTS
20 Jan, 08:17
Copper falls as China keeps LPRs steady.
Copper futures fell to approximately $4.31 per pound on Monday, retreating further from two-month highs after China's central bank held key lending rates constant for the third month in a row during its January meeting, despite Beijing's pledge to promote demand. Caution also lingered ahead of Donald Trump's inauguration, as traders anticipated more clarification on his potential plans, particularly those involving tariffs. However, there is still hope that China may deliver on its promises of extra stimulus, with state media saying that the People's Bank of China may lower the reserve requirement ratio for banks ahead of the Spring Festival later this month. On the supply side, Chile lowered its copper output prediction to 5.54 million tonnes by 2034, down from 6.34 million tonnes previously.
Copper futures fell to approximately $4.31 per pound on Monday, retreating further from two-month highs after China's central bank held key lending rates constant for the third month in a row during its January meeting, despite Beijing's pledge to promote demand. Caution also lingered ahead of Donald Trump's inauguration, as traders anticipated more clarification on his potential plans, particularly those involving tariffs. However, there is still hope that China may deliver on its promises of extra stimulus, with state media saying that the People's Bank of China may lower the reserve requirement ratio for banks ahead of the Spring Festival later this month. On the supply side, Chile lowered its copper output prediction to 5.54 million tonnes by 2034, down from 6.34 million tonnes previously.
KEDIA COMMODITY MARKET ALERTS
20 Jan, 08:17
Silver remains steady as Trump's second term approaches.
Silver maintained stable over $30.30 per ounce on Monday, following a week of increased volatility as market mood became cautious ahead of Donald Trump's inauguration. Traders are focused on his promises to increase tariffs, tighten immigration, decrease taxes, and enhance deregulation, all of which are projected to raise inflation. Still, softer-than-expected US economic data last week fuelled speculation about additional Federal Reserve interest rate reduction this year. Lower US interest rates could increase demand for commodities by promoting economic growth and weakening the dollar. Meanwhile, a positive phone discussion between US President-elect Donald Trump and Chinese President Xi Jinping on Friday bolstered prospects of lowering US-China tensions.
Silver maintained stable over $30.30 per ounce on Monday, following a week of increased volatility as market mood became cautious ahead of Donald Trump's inauguration. Traders are focused on his promises to increase tariffs, tighten immigration, decrease taxes, and enhance deregulation, all of which are projected to raise inflation. Still, softer-than-expected US economic data last week fuelled speculation about additional Federal Reserve interest rate reduction this year. Lower US interest rates could increase demand for commodities by promoting economic growth and weakening the dollar. Meanwhile, a positive phone discussion between US President-elect Donald Trump and Chinese President Xi Jinping on Friday bolstered prospects of lowering US-China tensions.
KEDIA COMMODITY MARKET ALERTS
20 Jan, 08:16
Palm oil surges to begin the week.
Malaysian palm oil futures rose more than 1% to MYR 4,200 a tonne after hitting a low of MYR 4,106 in the previous session, boosted by bargain hunting after prices fell to their lowest since early October last week. Optimism about demand recovery in important buyer China also improved mood, with the forthcoming Lunar New Year expected to boost sales. Furthermore, bets developed that purchasing activity would grow ahead of the fasting month of March. Meanwhile, Malaysian palm oil stockpiles declined for the third consecutive month in December, with output down 8.3% from November. However, advances were limited by caution, as export projections for the first 20 days of January are coming later this week. Palm oil imports in India, the world's largest importer, are likely to fall to a near-five-year low in January as cheaper alternative vegetable oils take market share. Jakarta, Indonesia's largest producer, temporarily halted incentives for biodiesel and reforestation initiatives owing to a reorganisation of its palm oil fund agency.
Malaysian palm oil futures rose more than 1% to MYR 4,200 a tonne after hitting a low of MYR 4,106 in the previous session, boosted by bargain hunting after prices fell to their lowest since early October last week. Optimism about demand recovery in important buyer China also improved mood, with the forthcoming Lunar New Year expected to boost sales. Furthermore, bets developed that purchasing activity would grow ahead of the fasting month of March. Meanwhile, Malaysian palm oil stockpiles declined for the third consecutive month in December, with output down 8.3% from November. However, advances were limited by caution, as export projections for the first 20 days of January are coming later this week. Palm oil imports in India, the world's largest importer, are likely to fall to a near-five-year low in January as cheaper alternative vegetable oils take market share. Jakarta, Indonesia's largest producer, temporarily halted incentives for biodiesel and reforestation initiatives owing to a reorganisation of its palm oil fund agency.
KEDIA COMMODITY MARKET ALERTS
20 Jan, 07:03
12:30PM EUR ZONE DATA
German PPI m/m
Actual: -0.1%
Forecast: 0.3%
Previous: 0.5%
German PPI m/m
Actual: -0.1%
Forecast: 0.3%
Previous: 0.5%
KEDIA COMMODITY MARKET ALERTS
20 Jan, 05:00
Japan Industrial Output Falls Slightly Less than Anticipated
Japan's industrial production dropped by 2.2% month-over-month in November 2024, compared with the preliminary reading of 2.3% fall. The latest result followed a 2.8% growth in the previous month, marking the first contraction in industrial output since August. Output fell for production machinery (-9.1% vs 21.6 in October), motor vehicles (-4.3% vs 6.4%), and fabricated metals (-5.8% vs 7.8%). Yearly, industrial production declined by 2.7%, reversing a 1.4% increase in October.
Japan's industrial production dropped by 2.2% month-over-month in November 2024, compared with the preliminary reading of 2.3% fall. The latest result followed a 2.8% growth in the previous month, marking the first contraction in industrial output since August. Output fell for production machinery (-9.1% vs 21.6 in October), motor vehicles (-4.3% vs 6.4%), and fabricated metals (-5.8% vs 7.8%). Yearly, industrial production declined by 2.7%, reversing a 1.4% increase in October.
KEDIA COMMODITY MARKET ALERTS
20 Jan, 04:47
Japanese yen edged higher as BOJ meeting looms.
The Japanese yen rose above 156 per dollar on Monday, extending last week's gains as investors braced for the Bank of Japan's imminent policy decision. BOJ Governor Kazuo Ueda and Deputy Governor Ryozo Himino urged a rate hike at this week's meeting, citing robust inflation and wage statistics. Furthermore, Japan's Finance Minister, Katsunobu Kato, reiterated the government's commitment to taking "appropriate action" to support the yen, adding to the currency's strength. On the data front, Japan's machinery orders increased 3.4% month on month in November, confounding market predictions of a 0.4% decrease and representing the largest growth in nine months. Externally, the yen gained from a drop in the US dollar ahead of Donald Trump's inauguration, as speculators anticipated more information about his proposed plans.
The Japanese yen rose above 156 per dollar on Monday, extending last week's gains as investors braced for the Bank of Japan's imminent policy decision. BOJ Governor Kazuo Ueda and Deputy Governor Ryozo Himino urged a rate hike at this week's meeting, citing robust inflation and wage statistics. Furthermore, Japan's Finance Minister, Katsunobu Kato, reiterated the government's commitment to taking "appropriate action" to support the yen, adding to the currency's strength. On the data front, Japan's machinery orders increased 3.4% month on month in November, confounding market predictions of a 0.4% decrease and representing the largest growth in nine months. Externally, the yen gained from a drop in the US dollar ahead of Donald Trump's inauguration, as speculators anticipated more information about his proposed plans.
KEDIA COMMODITY MARKET ALERTS
20 Jan, 04:32
10:00PM JPY ZONE DATA
Revised Industrial Production m/m
Actual: <span style="white-space:pre"> </span>-2.2%
Forecast: -2.3%
Previous: -2.3%
Tertiary Industry Activity m/m
Actual: -0.3%
Forecast: 0.1%
Previous: 0.3%
Revised Industrial Production m/m
Actual: <span style="white-space:pre"> </span>-2.2%
Forecast: -2.3%
Previous: -2.3%
Tertiary Industry Activity m/m
Actual: -0.3%
Forecast: 0.1%
Previous: 0.3%
KEDIA COMMODITY MARKET ALERTS
20 Jan, 04:04
India to Allow 1 Million Tons of Sugar Exports Amid Surplus Stocks
India is set to allow 1 million tons of sugar exports this year, according to government and industry sources. The move is expected to help sugar mills sell surplus stocks and boost local prices. The decision comes as India's sugar production is expected to fall below consumption for the first time in eight years. Maharashtra, Karnataka, and Uttar Pradesh account for over 80% of the country's total sugar production. The Indian Sugar and Bio-energy Manufacturers Association believes the permission to export 1 million tons will help sugar mills cope with low local prices.
Highlights
* India is set to permit 1 million metric tons of sugar exports this year to help sugar mills sell surplus stocks and boost local prices.
* The move could further pressure global sugar prices.
* The government is expected to issue an official order allowing sugar exports.
* This decision comes as production is expected to fall below consumption for the first time in eight years.
* Maharashtra, Karnataka, and Uttar Pradesh account for over 80% of the country's total sugar production.
* India was the world's No. 2 sugar exporter from 2022-23, with volumes averaging 6.8 million tons annually.
* The Indian Sugar and Bio-energy Manufacturers Association believes the permission would help sugar mills struggling with low local prices.
India is set to allow 1 million tons of sugar exports this year, according to government and industry sources. The move is expected to help sugar mills sell surplus stocks and boost local prices. The decision comes as India's sugar production is expected to fall below consumption for the first time in eight years. Maharashtra, Karnataka, and Uttar Pradesh account for over 80% of the country's total sugar production. The Indian Sugar and Bio-energy Manufacturers Association believes the permission to export 1 million tons will help sugar mills cope with low local prices.
Highlights
* India is set to permit 1 million metric tons of sugar exports this year to help sugar mills sell surplus stocks and boost local prices.
* The move could further pressure global sugar prices.
* The government is expected to issue an official order allowing sugar exports.
* This decision comes as production is expected to fall below consumption for the first time in eight years.
* Maharashtra, Karnataka, and Uttar Pradesh account for over 80% of the country's total sugar production.
* India was the world's No. 2 sugar exporter from 2022-23, with volumes averaging 6.8 million tons annually.
* The Indian Sugar and Bio-energy Manufacturers Association believes the permission would help sugar mills struggling with low local prices.
KEDIA COMMODITY MARKET ALERTS
20 Jan, 04:02
Gold falls as tensions in the Middle East ease.
Gold fell below $2,700 per ounce on Monday, as lessening tensions in the Middle East decreased demand for safe-haven assets. Israel released the first batch of 90 Palestinian inmates on Sunday in exchange for the three hostages liberated from Gaza, signalling the commencement of a cease-fire after 15 months of conflict. Meanwhile, investors are awaiting President-elect Donald Trump's inauguration later today. His proposed trade tariffs are projected to drive inflation and perhaps spark trade wars, increasing gold's appeal as an inflation hedge. On the economic front, softer-than-expected U.S. inflation data last week rekindled hopes for further rate reduction by the Federal Reserve this year. Lower interest rates reduce the opportunity cost of owning non-interest-bearing gold, increasing its attraction.
Gold fell below $2,700 per ounce on Monday, as lessening tensions in the Middle East decreased demand for safe-haven assets. Israel released the first batch of 90 Palestinian inmates on Sunday in exchange for the three hostages liberated from Gaza, signalling the commencement of a cease-fire after 15 months of conflict. Meanwhile, investors are awaiting President-elect Donald Trump's inauguration later today. His proposed trade tariffs are projected to drive inflation and perhaps spark trade wars, increasing gold's appeal as an inflation hedge. On the economic front, softer-than-expected U.S. inflation data last week rekindled hopes for further rate reduction by the Federal Reserve this year. Lower interest rates reduce the opportunity cost of owning non-interest-bearing gold, increasing its attraction.
KEDIA COMMODITY MARKET ALERTS
20 Jan, 03:51
The dollar eases as Trump's second term approaches.
The dollar fell against major currencies on Monday as markets braced for a slew of policy pronouncements following Donald Trump's inauguration. Markets are focused on his pledges to boost tariffs, limit immigration, reduce taxes, and increase deregulation, all of which are expected to have an inflationary impact. Trading volumes are expected to remain low throughout the session, as US markets are closed for the Martin Luther King Jr. holiday. Last week, the dollar index lost a six-week winning run after a surprising slowdown in US core inflation, combined with weaker-than-expected producer price index and retail sales data, fuelled anticipation of more Federal Reserve interest rate cuts this year. Currently, markets anticipate a total of 42 basis points of easing in 2025.
The dollar fell against major currencies on Monday as markets braced for a slew of policy pronouncements following Donald Trump's inauguration. Markets are focused on his pledges to boost tariffs, limit immigration, reduce taxes, and increase deregulation, all of which are expected to have an inflationary impact. Trading volumes are expected to remain low throughout the session, as US markets are closed for the Martin Luther King Jr. holiday. Last week, the dollar index lost a six-week winning run after a surprising slowdown in US core inflation, combined with weaker-than-expected producer price index and retail sales data, fuelled anticipation of more Federal Reserve interest rate cuts this year. Currently, markets anticipate a total of 42 basis points of easing in 2025.
KEDIA COMMODITY MARKET ALERTS
20 Jan, 03:51
Japan machinery orders hit a nine-month high.
In November 2024, Japan's core machinery orders, excluding those for ships and electric power firms, grew by 3.4% month on month to 899.6 billion yen, the largest gain in nine months. The most recent result also jumped from a 2.1% increase in October, defying market predictions of a 0.4% drop. Orders from the industrial sector increased 6% to 462.9 billion yen, while non-manufacturing orders up 1.1% to 453.7 billion yen. Chemicals and chemical products (71.4%), information and communication electronics (47.4%), mining, quarrying of stone and gravel (42.6%), information services (34.8%), and finance and insurance (21.7%) experienced the greatest gains. On an annual basis, private-sector machinery orders increased by 10.3% in November, outpacing the consensus projection of 5.6% growth in October.
In November 2024, Japan's core machinery orders, excluding those for ships and electric power firms, grew by 3.4% month on month to 899.6 billion yen, the largest gain in nine months. The most recent result also jumped from a 2.1% increase in October, defying market predictions of a 0.4% drop. Orders from the industrial sector increased 6% to 462.9 billion yen, while non-manufacturing orders up 1.1% to 453.7 billion yen. Chemicals and chemical products (71.4%), information and communication electronics (47.4%), mining, quarrying of stone and gravel (42.6%), information services (34.8%), and finance and insurance (21.7%) experienced the greatest gains. On an annual basis, private-sector machinery orders increased by 10.3% in November, outpacing the consensus projection of 5.6% growth in October.
KEDIA COMMODITY MARKET ALERTS
20 Jan, 03:50
China keeps the LPR rate steady for the third month.
In January, the People's Bank of China (PBoC) held its benchmark lending rates constant for the third month in a row, matching market expectations despite the yuan's continuing weakness. The one-year loan prime rate (LPR), which serves as the benchmark for the majority of corporate and household loans, remained at 3.1%. Meanwhile, the five-year LPR, which serves as a benchmark for property mortgages, remained unchanged at 3.6%. Both rates have remained at record lows following rate cuts in October and July. The latest move comes amid uncertainty over Trump's policy, as Friday's report indicated that the mainland economy grew 5.4% year on year in Q4 2024, the strongest expansion in 1-1/2 years, owing to a series of stimulus measures implemented since last September. GDP increased by 5% during the year, which was consistent with the government's aim of roughly 5%. Last month, a PBoC official stated that the central bank saw more room to lower the RRR from its current average of 6.6%.
In January, the People's Bank of China (PBoC) held its benchmark lending rates constant for the third month in a row, matching market expectations despite the yuan's continuing weakness. The one-year loan prime rate (LPR), which serves as the benchmark for the majority of corporate and household loans, remained at 3.1%. Meanwhile, the five-year LPR, which serves as a benchmark for property mortgages, remained unchanged at 3.6%. Both rates have remained at record lows following rate cuts in October and July. The latest move comes amid uncertainty over Trump's policy, as Friday's report indicated that the mainland economy grew 5.4% year on year in Q4 2024, the strongest expansion in 1-1/2 years, owing to a series of stimulus measures implemented since last September. GDP increased by 5% during the year, which was consistent with the government's aim of roughly 5%. Last month, a PBoC official stated that the central bank saw more room to lower the RRR from its current average of 6.6%.
KEDIA COMMODITY MARKET ALERTS
20 Jan, 03:49
Oil rises ahead of Trump's inauguration.
WTI crude oil futures traded near $78 per barrel on Monday, as markets braced for President-elect Donald Trump's return to the White House. While the oil market has been digesting the impact of fresh sanctions on Russia's oil sector, attention has now shifted to how the incoming Trump administration will handle these measures. Traders are also looking for further information on his trade tariffs and probable sanctions against Iran and Venezuela. Last week, oil prices rose 1.7%, bolstered by concerns about supply disruptions following the latest round of US sanctions against Russia, as well as predictions of US interest rate cuts amid signs of lowering inflation. However, lessening tensions in the Middle East may restrict additional price increases. After 15 months of conflict, Hamas and Israel exchanged hostages and inmates on Sunday, marking the start of a ceasefire.
WTI crude oil futures traded near $78 per barrel on Monday, as markets braced for President-elect Donald Trump's return to the White House. While the oil market has been digesting the impact of fresh sanctions on Russia's oil sector, attention has now shifted to how the incoming Trump administration will handle these measures. Traders are also looking for further information on his trade tariffs and probable sanctions against Iran and Venezuela. Last week, oil prices rose 1.7%, bolstered by concerns about supply disruptions following the latest round of US sanctions against Russia, as well as predictions of US interest rate cuts amid signs of lowering inflation. However, lessening tensions in the Middle East may restrict additional price increases. After 15 months of conflict, Hamas and Israel exchanged hostages and inmates on Sunday, marking the start of a ceasefire.
KEDIA COMMODITY MARKET ALERTS
20 Jan, 03:45
MENTHAOIL DAILY LEVELS
MENTHAOIL - 926.7
Resistance: 928-930-932
Support: 924-922-920
MENTHAOIL - 926.7
Resistance: 928-930-932
Support: 924-922-920
KEDIA COMMODITY MARKET ALERTS
20 Jan, 03:43
CASTOR LEVELS
CASTOR - 6428
Resistance: 6453-6478-6494
Support: 6412-6396-6371
CASTOR - 6428
Resistance: 6453-6478-6494
Support: 6412-6396-6371
KEDIA COMMODITY MARKET ALERTS
10 Jan, 15:04
8:30PM USD ZONE DATA
Prelim UoM Consumer Sentiment
Actual: 73.2
Forecast: 74.0
Previous: 74.0
Prelim UoM Inflation Expectations
Actual: 3.3%
Previous: 2.8%
DATA IS WEAK FOR DOLLAR
Prelim UoM Consumer Sentiment
Actual: 73.2
Forecast: 74.0
Previous: 74.0
Prelim UoM Inflation Expectations
Actual: 3.3%
Previous: 2.8%
DATA IS WEAK FOR DOLLAR
KEDIA COMMODITY MARKET ALERTS
10 Jan, 13:32
7:00PM USD ZONE DATA
Average Hourly Earnings m/m
Actual: 0.3%
Forecast: 0.3%
Previous: 0.4%
Non-Farm Employment Change
Actual: 256K
Forecast: 164K
Previous: 227K
Unemployment Rate
Actual: 4.1%
Forecast: 4.2%
Previous: 4.2%
DATA IS SUPPORTIVE FOR DOLLAR
Average Hourly Earnings m/m
Actual: 0.3%
Forecast: 0.3%
Previous: 0.4%
Non-Farm Employment Change
Actual: 256K
Forecast: 164K
Previous: 227K
Unemployment Rate
Actual: 4.1%
Forecast: 4.2%
Previous: 4.2%
DATA IS SUPPORTIVE FOR DOLLAR
KEDIA COMMODITY MARKET ALERTS
10 Jan, 11:21
India Industrial Growth Quickens to 6-Month High
Industrial production in India rose 5.2% year-on-year in November 2024, accelerating from a 3.5% rise in the previous month, and easily beating market expectations of 4% gain. On a monthly basis, industrial production fell 1.2%, reversing from a 2.4% gain in October 2024. Considering April to November period, industrial output rose 4.1%.
Industrial production in India rose 5.2% year-on-year in November 2024, accelerating from a 3.5% rise in the previous month, and easily beating market expectations of 4% gain. On a monthly basis, industrial production fell 1.2%, reversing from a 2.4% gain in October 2024. Considering April to November period, industrial output rose 4.1%.
KEDIA COMMODITY MARKET ALERTS
10 Jan, 10:03
Ukraine's steel output has increased, but fighting threatens coking coal supply.
Ukraine's steel output will increase by 21.6% to 7.58 million metric tonnes in 2024, according to its producers' union, though fighting at the country's only coking coal mine threatens to reduce volumes this year. Steel production has already declined since Russia's invasion on February 24, 2022, which resulted in the destruction of major steel plants. Ukraine, a former major steel producer and exporter, reported a 70.7% drop in output in 2022, to 6.3 million tonnes. By 2023, it had dropped to 6 million tonnes. The steelmakers' union warned in October that the potential closure of Ukraine's only coking coal mine, Pokrovsk, could reduce steel production to 2-3 million metric tonnes by 2025. According to Ukrainian military analyst DeepState, advancing Russian forces are less than 2 kilometres (1.24 miles) from the mine. Producers have stated that they hope to find coking coal from elsewhere in Ukraine if the mine is seized by Russian troops, but imports will undoubtedly be required, raising costs.
Ukraine's steel output will increase by 21.6% to 7.58 million metric tonnes in 2024, according to its producers' union, though fighting at the country's only coking coal mine threatens to reduce volumes this year. Steel production has already declined since Russia's invasion on February 24, 2022, which resulted in the destruction of major steel plants. Ukraine, a former major steel producer and exporter, reported a 70.7% drop in output in 2022, to 6.3 million tonnes. By 2023, it had dropped to 6 million tonnes. The steelmakers' union warned in October that the potential closure of Ukraine's only coking coal mine, Pokrovsk, could reduce steel production to 2-3 million metric tonnes by 2025. According to Ukrainian military analyst DeepState, advancing Russian forces are less than 2 kilometres (1.24 miles) from the mine. Producers have stated that they hope to find coking coal from elsewhere in Ukraine if the mine is seized by Russian troops, but imports will undoubtedly be required, raising costs.
KEDIA COMMODITY MARKET ALERTS
10 Jan, 09:07
MAIZE UPDATE
China's agriculture ministry raised its forecast for corn production and lowered its imports estimates for the 2024/25 crop year in its January outlook. Corn production for 2024/25 was estimated at a record 294.92 million metric tons, 0.4% higher than its previous estimates, while forecast for imports was lowered to 9 million metric tons, from 13 million metric tons.
China's agriculture ministry raised its forecast for corn production and lowered its imports estimates for the 2024/25 crop year in its January outlook. Corn production for 2024/25 was estimated at a record 294.92 million metric tons, 0.4% higher than its previous estimates, while forecast for imports was lowered to 9 million metric tons, from 13 million metric tons.
KEDIA COMMODITY MARKET ALERTS
10 Jan, 09:03
*2:30PM EUR ZONE DATA*
Italian Retail Sales m/m
Actual: -0.4%
Forecast: 0.2%
Previous: -0.5%
Italian Retail Sales m/m
Actual: -0.4%
Forecast: 0.2%
Previous: -0.5%
KEDIA COMMODITY MARKET ALERTS
10 Jan, 08:25
Malaysian palm oil stocks hit a 19-month low in December as output dropped.
Malaysian palm oil stocks fell for the third month in a row in December, reaching their lowest level since May 2023, as output was reduced due to flooding, according to industry regulator data. The drop in inventories in the world's second-largest palm oil producer after Indonesia could support benchmark futures, which have fallen sharply in recent weeks after reaching their highest level in nearly two and a half years in November. Malaysia's palm oil stocks fell 6.91% in December from the previous month to a 19-month low of 1.71 million metric tonnes, according to Malaysian Palm Oil Board (MPOB) data. Crude palm oil production fell 8.3% to 1.49 million tonnes, the lowest level since March 2024, while exports fell 9.97% to a six-month low of 1.34 million tonnes. Malaysia's palm oil consumption increased by 53% in December from the previous month to 309,865 tonnes, according to the data.
Malaysian palm oil stocks fell for the third month in a row in December, reaching their lowest level since May 2023, as output was reduced due to flooding, according to industry regulator data. The drop in inventories in the world's second-largest palm oil producer after Indonesia could support benchmark futures, which have fallen sharply in recent weeks after reaching their highest level in nearly two and a half years in November. Malaysia's palm oil stocks fell 6.91% in December from the previous month to a 19-month low of 1.71 million metric tonnes, according to Malaysian Palm Oil Board (MPOB) data. Crude palm oil production fell 8.3% to 1.49 million tonnes, the lowest level since March 2024, while exports fell 9.97% to a six-month low of 1.34 million tonnes. Malaysia's palm oil consumption increased by 53% in December from the previous month to 309,865 tonnes, according to the data.
KEDIA COMMODITY MARKET ALERTS
10 Jan, 08:05
Copper Futures Outlook
* Copper futures rose above $4.29 per pound on Friday, expected to gain over 6% for the week.
* This is the best weekly performance since May last year, when copper prices surpassed $5.
* Bullish sentiment is driven by optimism that China will follow through on monetary and fiscal stimulus commitments.
* Expectations for higher copper consumption due to strong demand for electric vehicles and renewable energy technologies.
* Supply disruptions from aging copper mines remain a concern.
* Rising global trade tensions and potential manufacturing slowdown due to looming tariffs under Trump keep investors cautious.
* Copper futures rose above $4.29 per pound on Friday, expected to gain over 6% for the week.
* This is the best weekly performance since May last year, when copper prices surpassed $5.
* Bullish sentiment is driven by optimism that China will follow through on monetary and fiscal stimulus commitments.
* Expectations for higher copper consumption due to strong demand for electric vehicles and renewable energy technologies.
* Supply disruptions from aging copper mines remain a concern.
* Rising global trade tensions and potential manufacturing slowdown due to looming tariffs under Trump keep investors cautious.
KEDIA COMMODITY MARKET ALERTS
10 Jan, 08:04
Copper Set for Strong Weekly Gain.
Copper futures rose above $4.29 per pound on Friday and were expected to rise more than 6% this week, the best weekly performance since May of last year, when copper prices surpassed $5. The bullish sentiment was fuelled largely by expectations that China, the world's largest copper consumer, would follow through on its recent commitments to increase monetary and fiscal stimulus to boost economic growth. Copper prices were also supported by expectations that strong demand for electric vehicles and renewable energy technologies will drive increased consumption of the metal this year. Furthermore, potential supply disruptions from ageing copper mines are a major concern. However, rising global trade tensions and a potential manufacturing slowdown, fuelled by looming tariffs under incoming US President Donald Trump, have kept investors cautious.
Copper futures rose above $4.29 per pound on Friday and were expected to rise more than 6% this week, the best weekly performance since May of last year, when copper prices surpassed $5. The bullish sentiment was fuelled largely by expectations that China, the world's largest copper consumer, would follow through on its recent commitments to increase monetary and fiscal stimulus to boost economic growth. Copper prices were also supported by expectations that strong demand for electric vehicles and renewable energy technologies will drive increased consumption of the metal this year. Furthermore, potential supply disruptions from ageing copper mines are a major concern. However, rising global trade tensions and a potential manufacturing slowdown, fuelled by looming tariffs under incoming US President Donald Trump, have kept investors cautious.
KEDIA COMMODITY MARKET ALERTS
10 Jan, 07:49
1:15PM EUR ZONE DATA
French Consumer Spending m/m
Actual: 0.3%
Forecast: 0.1%
Previous: -0.3%
French Industrial Production m/m
Actual: 0.2%
Forecast: -0.1%
Previous: -0.3%
French Consumer Spending m/m
Actual: 0.3%
Forecast: 0.1%
Previous: -0.3%
French Industrial Production m/m
Actual: 0.2%
Forecast: -0.1%
Previous: -0.3%
KEDIA COMMODITY MARKET ALERTS
10 Jan, 06:47
Palm oil recovers but faces a second consecutive weekly drop.
Malaysian palm oil futures surged around 1% to above MYR 4,330 per tonne, snapping a two-session decline as traders responded to key monthly industry data. According to the Malaysian Palm Oil Board, production in December fell 8.3% from the previous month to 1.49 million tonnes. Furthermore, inventories fell 6.91% in December, marking the third consecutive monthly decline, to 1.71 million metric tonnes. Prices rebounded from their lowest point in over 11 weeks on expectations that demand from key buyer China would rise ahead of the Lunar New Year in late January. However, the contracts remain on track for a second consecutive week of losses, down about 0.6% so far, weighed by ongoing concerns over weak overall demand in Q1 as rival oils maintain a price advantage over palm oil. Some traders were cautious ahead of upcoming import data from India, the world's largest consumer of palm oil, which is due next week. They also awaited China's December trade data, which was scheduled to be released over the weekend.
Malaysian palm oil futures surged around 1% to above MYR 4,330 per tonne, snapping a two-session decline as traders responded to key monthly industry data. According to the Malaysian Palm Oil Board, production in December fell 8.3% from the previous month to 1.49 million tonnes. Furthermore, inventories fell 6.91% in December, marking the third consecutive monthly decline, to 1.71 million metric tonnes. Prices rebounded from their lowest point in over 11 weeks on expectations that demand from key buyer China would rise ahead of the Lunar New Year in late January. However, the contracts remain on track for a second consecutive week of losses, down about 0.6% so far, weighed by ongoing concerns over weak overall demand in Q1 as rival oils maintain a price advantage over palm oil. Some traders were cautious ahead of upcoming import data from India, the world's largest consumer of palm oil, which is due next week. They also awaited China's December trade data, which was scheduled to be released over the weekend.
KEDIA COMMODITY MARKET ALERTS
10 Jan, 05:02
10:30PM JPY ZONE DATA
Leading Indicators
Actual: 107.0%
Forecast: 107.2%
Previous: 109.1%
Leading Indicators
Actual: 107.0%
Forecast: 107.2%
Previous: 109.1%
KEDIA COMMODITY MARKET ALERTS
10 Jan, 04:23
Gold remains steady, with eyes on US payrolls.
Gold prices remained above $2,670 per ounce on Friday, extending recent gains and on track for the best week since mid-November. Traders are awaiting the release of US payroll data, which is expected to shape the Federal Reserve's policy outlook for the year. December's payroll data is expected to show moderate but robust job growth. A strong jobs report would support the case for fewer Fed rate cuts this year, in line with the most recent FOMC minutes, which indicate a potential slowdown in policy easing amid renewed inflation concerns, which are partly linked to Trump's proposed policies. Earlier this week, the World Gold Council reported that physically-backed gold ETFs saw their first inflows in four years, driven by Asian demand. North American funds experienced their first annual inflow since 2020, while European outflows decreased compared to 2023.
Gold prices remained above $2,670 per ounce on Friday, extending recent gains and on track for the best week since mid-November. Traders are awaiting the release of US payroll data, which is expected to shape the Federal Reserve's policy outlook for the year. December's payroll data is expected to show moderate but robust job growth. A strong jobs report would support the case for fewer Fed rate cuts this year, in line with the most recent FOMC minutes, which indicate a potential slowdown in policy easing amid renewed inflation concerns, which are partly linked to Trump's proposed policies. Earlier this week, the World Gold Council reported that physically-backed gold ETFs saw their first inflows in four years, driven by Asian demand. North American funds experienced their first annual inflow since 2020, while European outflows decreased compared to 2023.
KEDIA COMMODITY MARKET ALERTS
10 Jan, 04:22
The yen maintains its decline amid uncertainty about the BOJ's rate hike.
On Friday, the Japanese yen traded around 158.2 per dollar, remaining near multi-month lows as the Bank of Japan's interest rate hike timing remains uncertain. Japan's Economy Minister, Ryosei Akazawa, stated that the economy is at a "critical stage" in overcoming the public's deflationary mindset, but gave no indication of when the BOJ might raise interest rates. On the data front, household spending in Japan fell by 0.4% year on year in November, while household income increased by 0.7%. Externally, the yen faced additional pressure from a recent widening of the US-Japan yield differential, which was fuelled by hawkish signals from the US Federal Reserve. Furthermore, investors are anticipating the release of the US jobs report on Friday, which may increase expectations for fewer Fed rate cuts this year.
On Friday, the Japanese yen traded around 158.2 per dollar, remaining near multi-month lows as the Bank of Japan's interest rate hike timing remains uncertain. Japan's Economy Minister, Ryosei Akazawa, stated that the economy is at a "critical stage" in overcoming the public's deflationary mindset, but gave no indication of when the BOJ might raise interest rates. On the data front, household spending in Japan fell by 0.4% year on year in November, while household income increased by 0.7%. Externally, the yen faced additional pressure from a recent widening of the US-Japan yield differential, which was fuelled by hawkish signals from the US Federal Reserve. Furthermore, investors are anticipating the release of the US jobs report on Friday, which may increase expectations for fewer Fed rate cuts this year.
KEDIA COMMODITY MARKET ALERTS
10 Jan, 04:18
GUAR COMPLEX LEVELS
GUARSEED - 5429
Resistance: 5447-5466-5494
Support: 5400-5372-5353
GUARGUM - 10540
Resistance: 10586-10634-10698
Support: 10474-10410-10362
GUARSEED - 5429
Resistance: 5447-5466-5494
Support: 5400-5372-5353
GUARGUM - 10540
Resistance: 10586-10634-10698
Support: 10474-10410-10362
KEDIA COMMODITY MARKET ALERTS
10 Jan, 04:17
COTTON COMPLEX LEVELS
COTTON - 54590
Resistance: 54610-54630-54660
Support: 54560-54530-54510
COCUDAKL - 2786
Resistance: 2796-2807-2817
Support: 2775-2765-2754
KAPAS - 1505.5
Resistance: 1510-1514-1517
Support: 1503-1500-1496
COTTON - 54590
Resistance: 54610-54630-54660
Support: 54560-54530-54510
COCUDAKL - 2786
Resistance: 2796-2807-2817
Support: 2775-2765-2754
KAPAS - 1505.5
Resistance: 1510-1514-1517
Support: 1503-1500-1496
KEDIA COMMODITY MARKET ALERTS
10 Jan, 04:16
MENTHAOIL DAILY LEVELS
MENTHAOIL - 947.9
Resistance: 953-957-960
Support: 946-943-939
MENTHAOIL - 947.9
Resistance: 953-957-960
Support: 946-943-939
KEDIA COMMODITY MARKET ALERTS
10 Jan, 04:15
SPICES LEVELS
TURMERIC - 15200
Resistance: 15312-15426-15602
Support: 15022-14846-14732
JEERA - 23360
Resistance: 23460-23550-23630
Support: 23290-23210-23120
DHANIYA - 8644
Resistance: 8710-8774-8818
Support: 8602-8558-8494
TURMERIC - 15200
Resistance: 15312-15426-15602
Support: 15022-14846-14732
JEERA - 23360
Resistance: 23460-23550-23630
Support: 23290-23210-23120
DHANIYA - 8644
Resistance: 8710-8774-8818
Support: 8602-8558-8494
KEDIA COMMODITY MARKET ALERTS
10 Jan, 04:15
Japan's personal spending falls the least in four months.
In November 2024, real household spending in Japan fell by 0.4% year on year, compared to market expectations of a 0.6% drop and following a 1.3% decline the previous month. It was the fourth consecutive month of decline, but the softest in the series. Food (-0.6% vs -0.8% in October), fuel, light and water charges (-2.9% vs 8.0%), furniture and household goods (-13.8% vs -5.8%), clothing and footwear (-13.7% vs -13.7%), transportation and communication (-0.5% vs flat reading), culture and recreation (-2.9% vs -3.0%), other consumption (-2.7% vs 7.2%) and miscellaneous items (-5.9% vs 13.4%). In contrast, spending on housing (18.7% vs -10.7%), medical care (0.8% vs -2.4%), and education (31.9% vs -14.0%) increased. Personal spending increased by 0.4% monthly, falling short of October's 14-month high of 2.9% growth but beating the consensus forecast of a 0.9% decrease.
In November 2024, real household spending in Japan fell by 0.4% year on year, compared to market expectations of a 0.6% drop and following a 1.3% decline the previous month. It was the fourth consecutive month of decline, but the softest in the series. Food (-0.6% vs -0.8% in October), fuel, light and water charges (-2.9% vs 8.0%), furniture and household goods (-13.8% vs -5.8%), clothing and footwear (-13.7% vs -13.7%), transportation and communication (-0.5% vs flat reading), culture and recreation (-2.9% vs -3.0%), other consumption (-2.7% vs 7.2%) and miscellaneous items (-5.9% vs 13.4%). In contrast, spending on housing (18.7% vs -10.7%), medical care (0.8% vs -2.4%), and education (31.9% vs -14.0%) increased. Personal spending increased by 0.4% monthly, falling short of October's 14-month high of 2.9% growth but beating the consensus forecast of a 0.9% decrease.
KEDIA COMMODITY MARKET ALERTS
10 Jan, 04:14
CASTOR LEVELS
CASTOR - 6368
Resistance: 6392-6416-6434
Support: 6350-6332-6308
CASTOR - 6368
Resistance: 6392-6416-6434
Support: 6350-6332-6308
KEDIA COMMODITY MARKET ALERTS
10 Jan, 04:14
Japan's Foreign Reserves Fall Slightly in December
Japan's foreign reserves fell by $8.28 billion to $1.12 trillion in December 2024, marking their lowest level since July. Total reserve assets included foreign currency reserves ($1.08 trillion), IMF reserve positions ($10,199 million), SDRs ($57,197 million), gold ($71,013 million), and other reserve assets. In a recent disclosure, Japan's finance ministry revealed that it spent 5.53 trillion yen in July on foreign exchange interventions to support the yen.
Japan's foreign reserves fell by $8.28 billion to $1.12 trillion in December 2024, marking their lowest level since July. Total reserve assets included foreign currency reserves ($1.08 trillion), IMF reserve positions ($10,199 million), SDRs ($57,197 million), gold ($71,013 million), and other reserve assets. In a recent disclosure, Japan's finance ministry revealed that it spent 5.53 trillion yen in July on foreign exchange interventions to support the yen.
KEDIA COMMODITY MARKET ALERTS
30 Dec, 15:04
8:30PM USD ZONE DATA
Pending Home Sales m/m
Actual: 2.2%
Forecast: 0.9%
Previous: 1.8%
DATA IS SUPPORTIVE FOR DOLLAR
Pending Home Sales m/m
Actual: 2.2%
Forecast: 0.9%
Previous: 1.8%
DATA IS SUPPORTIVE FOR DOLLAR
KEDIA COMMODITY MARKET ALERTS
30 Dec, 14:51
8:15PM USD ZONE DATA
Chicago PMI
Actual: 36.9
Forecast: 42.7
Previous: 40.2
DATA IS WEAK FOR DOLLAR
Chicago PMI
Actual: 36.9
Forecast: 42.7
Previous: 40.2
DATA IS WEAK FOR DOLLAR
KEDIA COMMODITY MARKET ALERTS
30 Dec, 09:00
LME STOCKS AS ON 30122024
Daily LME Daily Stocks is as follows: Aluminium down by -9000MT, Copper down by -1325MT, Lead down by -2025MT, Nickel down by -360MT & Zinc down by -6625MT.
Daily LME Cancelled Warrants is as follows: Aluminium down by -6025MT, Copper down by -1325MT, Lead down by -1175MT, Nickel down by -870MT & Zinc down by -6525MT.
Daily LME Daily Stocks is as follows: Aluminium down by -9000MT, Copper down by -1325MT, Lead down by -2025MT, Nickel down by -360MT & Zinc down by -6625MT.
Daily LME Cancelled Warrants is as follows: Aluminium down by -6025MT, Copper down by -1325MT, Lead down by -1175MT, Nickel down by -870MT & Zinc down by -6525MT.
KEDIA COMMODITY MARKET ALERTS
30 Dec, 08:01
1:30PM EUR ZONE DATA
Spanish Flash CPI y/y
Actual: 2.8%
Forecast: 2.6%
Previous: <span style="white-space:pre"> </span>2.4%
Spanish Flash CPI y/y
Actual: 2.8%
Forecast: 2.6%
Previous: <span style="white-space:pre"> </span>2.4%
KEDIA COMMODITY MARKET ALERTS
30 Dec, 07:34
Palm Oil trades slightly lower.
Malaysian palm oil futures eased slightly in thin trade as the end of the year approached, with prices hovering around MYR 4,620 per tonne after a rally the previous session. The decline was caused by lower export estimates, as evidenced by cargo surveyors' data, which showed a 1.1%-4% drop in shipments between December 1-25 compared to the same period in November. Traders remained cautious ahead of China's PMI data, citing concerns about the country's uneven economic recovery. A slight drop in palm oil buying by top buyer India in November, combined with the authorities' decision to extend the halt of agricultural commodity derivatives trading in the country until January 31, contributed to the subdued sentiment. Still, prices are expected to rise by around 24% this year, driven by rising global demand and stagnant production in key producers such as Indonesia and Malaysia. Factors such as ageing trees, unpredictable weather, and limited expansion into new plantation areas have limited output, making supply scarce.
Malaysian palm oil futures eased slightly in thin trade as the end of the year approached, with prices hovering around MYR 4,620 per tonne after a rally the previous session. The decline was caused by lower export estimates, as evidenced by cargo surveyors' data, which showed a 1.1%-4% drop in shipments between December 1-25 compared to the same period in November. Traders remained cautious ahead of China's PMI data, citing concerns about the country's uneven economic recovery. A slight drop in palm oil buying by top buyer India in November, combined with the authorities' decision to extend the halt of agricultural commodity derivatives trading in the country until January 31, contributed to the subdued sentiment. Still, prices are expected to rise by around 24% this year, driven by rising global demand and stagnant production in key producers such as Indonesia and Malaysia. Factors such as ageing trees, unpredictable weather, and limited expansion into new plantation areas have limited output, making supply scarce.
KEDIA COMMODITY MARKET ALERTS
30 Dec, 04:41
India's Growth Forecast for FY25
India's economy is expected to strengthen in FY25, driven by robust domestic consumption, government infrastructure spending, and digitalization. While global challenges remain, positive climate actions and increased consumer confidence support sustainable growth and investment in renewable energy and technology.
Highlights
# India's growth is expected to increase in Q2 due to resilient domestic private consumption demand.
# Q3 indicators show recovery from Q2's moderation, driven by strong festival activity and sustained rural demand.
# Government spending on infrastructure is expected to stimulate economic activity and investment.
# Consumer confidence is boosted by higher optimism for the year ahead.
# Supply chain pressures remain below historical average levels, with further easing in November.
# Global headwinds pose risks to growth and inflation outlook.
# Expectations for India's growth trajectory are backed by sustainable underpinnings, including renewable energy, EVs, green hydrogen, and carbon market institutionalization.
# Digitalization is driving growth, productivity, and product reach, with growing investor confidence and innovative energies driving India's finance technology ascendency.
India's economy is expected to strengthen in FY25, driven by robust domestic consumption, government infrastructure spending, and digitalization. While global challenges remain, positive climate actions and increased consumer confidence support sustainable growth and investment in renewable energy and technology.
Highlights
# India's growth is expected to increase in Q2 due to resilient domestic private consumption demand.
# Q3 indicators show recovery from Q2's moderation, driven by strong festival activity and sustained rural demand.
# Government spending on infrastructure is expected to stimulate economic activity and investment.
# Consumer confidence is boosted by higher optimism for the year ahead.
# Supply chain pressures remain below historical average levels, with further easing in November.
# Global headwinds pose risks to growth and inflation outlook.
# Expectations for India's growth trajectory are backed by sustainable underpinnings, including renewable energy, EVs, green hydrogen, and carbon market institutionalization.
# Digitalization is driving growth, productivity, and product reach, with growing investor confidence and innovative energies driving India's finance technology ascendency.
KEDIA COMMODITY MARKET ALERTS
30 Dec, 04:39
The Japanese yen remains weak.
On Monday, the Japanese yen remained steady at 157.8 per dollar, near a five-month low, as investors assessed the Bank of Japan's interest rate outlook. According to the summary of the Bank of Japan's December meeting, policymakers discussed the possibility of raising interest rates in the near future, with some arguing that conditions were ripe for such a move. The BOJ maintained interest rates at 0.25%, citing the need to assess more data on next year's wage growth and gain a better understanding of the incoming US administration's economic policies. Investors are keeping a close eye on any potential Japanese intervention, especially after Finance Minister Katsunobu Kato reiterated concerns about the yen's decline and warned against excessive currency movements. Externally, the yen was under additional pressure from rising US Treasury yields, despite recent Fed rate cuts.
On Monday, the Japanese yen remained steady at 157.8 per dollar, near a five-month low, as investors assessed the Bank of Japan's interest rate outlook. According to the summary of the Bank of Japan's December meeting, policymakers discussed the possibility of raising interest rates in the near future, with some arguing that conditions were ripe for such a move. The BOJ maintained interest rates at 0.25%, citing the need to assess more data on next year's wage growth and gain a better understanding of the incoming US administration's economic policies. Investors are keeping a close eye on any potential Japanese intervention, especially after Finance Minister Katsunobu Kato reiterated concerns about the yen's decline and warned against excessive currency movements. Externally, the yen was under additional pressure from rising US Treasury yields, despite recent Fed rate cuts.
KEDIA COMMODITY MARKET ALERTS
30 Dec, 04:38
Gold traded above $2,620 per ounce on Monday in thin holiday trading.
Gold traded above $2,620 per ounce on Monday in thin holiday trading, with investors keeping a close eye on the US Federal Reserve's monetary policy outlook and President-elect Donald Trump's tariff policies. The Fed's hawkish projections were challenged by soft PCE inflation data, implying that further reductions could be possible, benefiting non-yielding gold. Markets are also preparing for significant policy changes in the coming year, including tariffs, deregulation, and tax reforms, as Trump prepares to take office next month. Meanwhile, gold's safe-haven appeal was bolstered by geopolitical risks from the ongoing Russia-Ukraine conflict and Middle Eastern tensions. The precious metal has risen more than 27% this year, its best performance since 2010, fuelled by US policy easing, increased geopolitical uncertainty, and continued buying by global central banks.
Gold traded above $2,620 per ounce on Monday in thin holiday trading, with investors keeping a close eye on the US Federal Reserve's monetary policy outlook and President-elect Donald Trump's tariff policies. The Fed's hawkish projections were challenged by soft PCE inflation data, implying that further reductions could be possible, benefiting non-yielding gold. Markets are also preparing for significant policy changes in the coming year, including tariffs, deregulation, and tax reforms, as Trump prepares to take office next month. Meanwhile, gold's safe-haven appeal was bolstered by geopolitical risks from the ongoing Russia-Ukraine conflict and Middle Eastern tensions. The precious metal has risen more than 27% this year, its best performance since 2010, fuelled by US policy easing, increased geopolitical uncertainty, and continued buying by global central banks.
KEDIA COMMODITY MARKET ALERTS
30 Dec, 04:36
GUAR COMPLEX LEVELS
GUARSEED - 5283
Resistance: 5312-5340-5360
Support: 5264-5244-5216
GUARGUM - 10381
Resistance: 10432-10482-10520
Support: 10344-10306-10256
GUARSEED - 5283
Resistance: 5312-5340-5360
Support: 5264-5244-5216
GUARGUM - 10381
Resistance: 10432-10482-10520
Support: 10344-10306-10256
KEDIA COMMODITY MARKET ALERTS
30 Dec, 04:35
COTTON COMPLEX LEVELS
COTTON - 54140
Resistance: 54520-54890-55150
Support: 53890-53630-53260
COCUDAKL - 2663
Resistance: 2676-2689-2700
Support: 2652-2641-2628
KAPAS - 1486
Resistance: 1492-1497-1501
Support: 1483-1479-1474
COTTON - 54140
Resistance: 54520-54890-55150
Support: 53890-53630-53260
COCUDAKL - 2663
Resistance: 2676-2689-2700
Support: 2652-2641-2628
KAPAS - 1486
Resistance: 1492-1497-1501
Support: 1483-1479-1474
KEDIA COMMODITY MARKET ALERTS
30 Dec, 04:32
SPICES LEVELS
TURMERIC - 14170
Resistance: 14438-14708-14996
Support: 13880-13592-13322
JEERA - 24045
Resistance: 24170-24300-24500
Support: 23840-23640-23510
DHANIYA - 8082
Resistance: 8218-8356-8520
Support: 7916-7752-7614
TURMERIC - 14170
Resistance: 14438-14708-14996
Support: 13880-13592-13322
JEERA - 24045
Resistance: 24170-24300-24500
Support: 23840-23640-23510
DHANIYA - 8082
Resistance: 8218-8356-8520
Support: 7916-7752-7614
KEDIA COMMODITY MARKET ALERTS
30 Dec, 04:31
MENTHAOIL DAILY LEVELS
MENTHAOIL - 932.9
Resistance: 935-937-940
Support: 930-927-925
MENTHAOIL - 932.9
Resistance: 935-937-940
Support: 930-927-925
KEDIA COMMODITY MARKET ALERTS
30 Dec, 04:30
CASTOR LEVELS
CASTOR - 6371
Resistance: 6389-6407-6424
Support: 6354-6337-6319
CASTOR - 6371
Resistance: 6389-6407-6424
Support: 6354-6337-6319
KEDIA COMMODITY MARKET ALERTS
30 Dec, 04:29
BASEMETALS LEVELS
COPPER - 806.45
Resistance: 809.4-812.2-814.4
Support: 804.4-802.2-799.4
ZINC - 282.85
Resistance: 284.4-285.8-287.4
Support: 281.4-279.8-278.4
ALUMINIUM - 241.4
Resistance: 242.7-243.8-245
Support: 240.4-239.2-238.1
LEAD - 177.9
Resistance: 178.4-178.8-179.6
Support: 177.2-176.4-176
COPPER - 806.45
Resistance: 809.4-812.2-814.4
Support: 804.4-802.2-799.4
ZINC - 282.85
Resistance: 284.4-285.8-287.4
Support: 281.4-279.8-278.4
ALUMINIUM - 241.4
Resistance: 242.7-243.8-245
Support: 240.4-239.2-238.1
LEAD - 177.9
Resistance: 178.4-178.8-179.6
Support: 177.2-176.4-176
KEDIA COMMODITY MARKET ALERTS
30 Dec, 04:28
ENERGY LEVELS
CRUDEOIL - 6035
Resistance: 6070-6105-6161
Support: 5979-5923-5888
NATURALGAS - 284.3
Resistance: 293.1-301.9-307.5
Support: 278.7-273.1-264.3
CRUDEOIL$ - 70.26
Resistance: 70.32-70.38-81.58
Support: 70.17-70.08-58.88
NATURALGAS$ - 3.659
Resistance: 3.693-3.728-3.948
Support: 3.639-3.62-3.4
CRUDEOIL - 6035
Resistance: 6070-6105-6161
Support: 5979-5923-5888
NATURALGAS - 284.3
Resistance: 293.1-301.9-307.5
Support: 278.7-273.1-264.3
CRUDEOIL$ - 70.26
Resistance: 70.32-70.38-81.58
Support: 70.17-70.08-58.88
NATURALGAS$ - 3.659
Resistance: 3.693-3.728-3.948
Support: 3.639-3.62-3.4
KEDIA COMMODITY MARKET ALERTS
30 Dec, 04:25
BULLION LEVELS
MCXBULLDEX - 18631
Resistance: 18722-18814-18865
Support: 18579-18528-18436
GOLD - 76544
Resistance: 77010-77470-77770
Support: 76250-75950-75490
SILVER - 88887
Resistance: 89865-90850-91450
Support: 88280-87680-86695
GOLD$ - 2624.05
Resistance: 2626.46-2628.68-2639.88
Support: 2621.78-2619.32-2608.12
SILVER$ - 29.4585
Resistance: 29.49-29.52-29.74
Support: 29.43-29.4-29.18
MCXBULLDEX - 18631
Resistance: 18722-18814-18865
Support: 18579-18528-18436
GOLD - 76544
Resistance: 77010-77470-77770
Support: 76250-75950-75490
SILVER - 88887
Resistance: 89865-90850-91450
Support: 88280-87680-86695
GOLD$ - 2624.05
Resistance: 2626.46-2628.68-2639.88
Support: 2621.78-2619.32-2608.12
SILVER$ - 29.4585
Resistance: 29.49-29.52-29.74
Support: 29.43-29.4-29.18
KEDIA COMMODITY MARKET ALERTS
30 Dec, 04:24
CURRENCY LEVELS
USDINR - 85.8075
Resistance: 86.07-86.33-86.59
Support: 85.55-85.29-85.03
EURINR - 89.4975
Resistance: 89.74-89.97-90.29
Support: 89.19-88.87-88.64
GBPINR - 107.505
Resistance: 107.75-107.99-108.35
Support: 107.15-106.79-106.55
JPYINR - 54.4525
Resistance: 54.65-54.86-55.15
Support: 54.15-53.86-53.65
USDINR - 85.8075
Resistance: 86.07-86.33-86.59
Support: 85.55-85.29-85.03
EURINR - 89.4975
Resistance: 89.74-89.97-90.29
Support: 89.19-88.87-88.64
GBPINR - 107.505
Resistance: 107.75-107.99-108.35
Support: 107.15-106.79-106.55
JPYINR - 54.4525
Resistance: 54.65-54.86-55.15
Support: 54.15-53.86-53.65
KEDIA COMMODITY MARKET ALERTS
30 Dec, 04:23
US natural gas stocks fall less than expected.
On the week ending December 20, US utilities withdrew 93 billion cubic feet of natural gas from storage, reducing total stockpiles to 3,529 billion cubic feet, falling short of market expectations of a 99 billion cubic foot decrease. It was the sixth consecutive draw in inventories following an expected start to the withdrawal season. Storage drops were most pronounced in the Midwest (-47 bcf) and East (-304 bcf), which corresponded to the country's colder regions. Despite the draw, storage is 0.4% higher than the same period last year and 4.9% higher than the five-year average.
On the week ending December 20, US utilities withdrew 93 billion cubic feet of natural gas from storage, reducing total stockpiles to 3,529 billion cubic feet, falling short of market expectations of a 99 billion cubic foot decrease. It was the sixth consecutive draw in inventories following an expected start to the withdrawal season. Storage drops were most pronounced in the Midwest (-47 bcf) and East (-304 bcf), which corresponded to the country's colder regions. Despite the draw, storage is 0.4% higher than the same period last year and 4.9% higher than the five-year average.
KEDIA COMMODITY MARKET ALERTS
30 Dec, 04:22
US crude oil stocks fall more than expected.
Crude oil inventories in the United States fell by 4.3 million barrels from the previous week in the week ending December 20th, exceeding market expectations of a two million barrel drop and a private industry report indicating a 3.2 billion barrel drop. It was the fifth consecutive drop in crude oil stocks, challenging recent predictions that low fuel demand in the coming year will keep the crude oil market in surplus. In turn, distillate fuel stocks fell by 1.7 million barrels during the period, versus expectations of a 700,000-barrel drop. In contrast, petrol stocks increased by 1.6 million barrels, exceeding market expectations of a one-million-barrel draw.
Crude oil inventories in the United States fell by 4.3 million barrels from the previous week in the week ending December 20th, exceeding market expectations of a two million barrel drop and a private industry report indicating a 3.2 billion barrel drop. It was the fifth consecutive drop in crude oil stocks, challenging recent predictions that low fuel demand in the coming year will keep the crude oil market in surplus. In turn, distillate fuel stocks fell by 1.7 million barrels during the period, versus expectations of a 700,000-barrel drop. In contrast, petrol stocks increased by 1.6 million barrels, exceeding market expectations of a one-million-barrel draw.
KEDIA COMMODITY MARKET ALERTS
30 Dec, 04:21
Japan Manufacturing PMI Revised Slightly Higher.
The Au Jibun Bank Japan Manufacturing PMI stood at 49.6 in December 2024, slightly higher than the flash estimate of 49.5 and up from 49.0 in November. This was the highest reading since September, despite the fact that factory activity fell for the sixth consecutive month. Output contracted at a slower rate, with the decrease becoming marginal. New orders edged closer to stabilisation, with the reduction rate falling to the lowest level in six months. New exports remained subdued, while employment recovered from a slight drop in November and backlogs of work continued to shrink. Purchasing levels fell for the third consecutive month, as input delivery times increased marginally. Input prices rose the most since August, driven by a weaker yen and higher costs. Firms increased selling charges at the fastest rate in five months. Finally, sentiment was relatively positive, aided by bets on mass production of newly launched products, business expansion plans, and a continued recovery in the semiconductor and auto markets.
The Au Jibun Bank Japan Manufacturing PMI stood at 49.6 in December 2024, slightly higher than the flash estimate of 49.5 and up from 49.0 in November. This was the highest reading since September, despite the fact that factory activity fell for the sixth consecutive month. Output contracted at a slower rate, with the decrease becoming marginal. New orders edged closer to stabilisation, with the reduction rate falling to the lowest level in six months. New exports remained subdued, while employment recovered from a slight drop in November and backlogs of work continued to shrink. Purchasing levels fell for the third consecutive month, as input delivery times increased marginally. Input prices rose the most since August, driven by a weaker yen and higher costs. Firms increased selling charges at the fastest rate in five months. Finally, sentiment was relatively positive, aided by bets on mass production of newly launched products, business expansion plans, and a continued recovery in the semiconductor and auto markets.
KEDIA COMMODITY MARKET ALERTS
06 Dec, 15:05
8:30PM USD ZONE DATA
Prelim UoM Consumer Sentiment
Actual: 74.0
Forecast: 73.3
Previous: 71.8<br />
Prelim UoM Inflation Expectations
Actual: 2.9%
Previous: 2.6%
Prelim UoM Consumer Sentiment
Actual: 74.0
Forecast: 73.3
Previous: 71.8<br />
Prelim UoM Inflation Expectations
Actual: 2.9%
Previous: 2.6%
KEDIA COMMODITY MARKET ALERTS
06 Dec, 13:33
7:00PM USD ZONE DATA
Average Hourly Earnings m/m
Actual: 0.4%
Forecast: 0.3%
Previous: 0.4%<br />
Non-Farm Employment Change
Actual: 227K
Forecast: 218K
Previous: 12K<br />
Unemployment Rate
Actual: 4.2%
Forecast: 4.1%
Previous: 4.1%
Average Hourly Earnings m/m
Actual: 0.4%
Forecast: 0.3%
Previous: 0.4%<br />
Non-Farm Employment Change
Actual: 227K
Forecast: 218K
Previous: 12K<br />
Unemployment Rate
Actual: 4.2%
Forecast: 4.1%
Previous: 4.1%
KEDIA COMMODITY MARKET ALERTS
06 Dec, 10:03
3:30PM EUR ZONE DATA
Final Employment Change q/q
Actual: 0.2%
Forecast: 0.2%
Previous: 0.2%
Revised GDP q/q
Actual: 0.4%
Forecast: 0.4%
Previous: 0.4%
Final Employment Change q/q
Actual: 0.2%
Forecast: 0.2%
Previous: 0.2%
Revised GDP q/q
Actual: 0.4%
Forecast: 0.4%
Previous: 0.4%
KEDIA COMMODITY MARKET ALERTS
06 Dec, 07:46
01:15PM EUR ZONE DATA
French Trade Balance
Actual: -7.7B
Forecast: -8.0B<span style="white-space:pre"> </span>
Previous: -8.3B
French Trade Balance
Actual: -7.7B
Forecast: -8.0B<span style="white-space:pre"> </span>
Previous: -8.3B
KEDIA COMMODITY MARKET ALERTS
06 Dec, 07:05
12:30PM GBP ZONE DATA
Halifax HPI m/m
Actual: 1.3%
Forecast: 0.3%
Previous: 0.2%
Halifax HPI m/m
Actual: 1.3%
Forecast: 0.3%
Previous: 0.2%
KEDIA COMMODITY MARKET ALERTS
06 Dec, 07:04
12:30PM EUR ZONE DATA
German Industrial Production m/m
Actual: -1.0%
Forecast: 1.0%
Previous: -2.5%
German Industrial Production m/m
Actual: -1.0%
Forecast: 1.0%
Previous: -2.5%
KEDIA COMMODITY MARKET ALERTS
06 Dec, 05:02
10:30AM JPY ZONE DATA
Leading Indicators
Actual: 108.6%
Forecast: <span style="white-space:pre"> </span>108.9%
Previous: 109.1%
Leading Indicators
Actual: 108.6%
Forecast: <span style="white-space:pre"> </span>108.9%
Previous: 109.1%
KEDIA COMMODITY MARKET ALERTS
06 Dec, 03:14
GUAR COMPLEX LEVELS
GUARSEED - 5143
Resistance: 5165-5188-5211
Support: 5119-5096-5073
GUARGUM - 10164
Resistance: 10216-10264-10322
Support: 10110-10052-10004
GUARSEED - 5143
Resistance: 5165-5188-5211
Support: 5119-5096-5073
GUARGUM - 10164
Resistance: 10216-10264-10322
Support: 10110-10052-10004
KEDIA COMMODITY MARKET ALERTS
06 Dec, 03:14
COTTON COMPLEX LEVELS
COTTON - 55630
Resistance: 55820-56010-56170
Support: 55470-55310-55120
COCUDAKL - 2690
Resistance: 2702-2715-2725
Support: 2679-2669-2656
KAPAS - 1530.5
Resistance: 1535-1538-1542
Support: 1528-1524-1521
COTTON - 55630
Resistance: 55820-56010-56170
Support: 55470-55310-55120
COCUDAKL - 2690
Resistance: 2702-2715-2725
Support: 2679-2669-2656
KAPAS - 1530.5
Resistance: 1535-1538-1542
Support: 1528-1524-1521
KEDIA COMMODITY MARKET ALERTS
06 Dec, 03:13
SPICES LEVELS
TURMERIC - 13214
Resistance: 13324-13434-13506
Support: 13142-13070-12960
JEERA - 23800
Resistance: 24540-25280-25730
Support: 23350-22900-22160
DHANIYA - 7818
Resistance: 7850-7882-7914
Support: 7786-7754-7722
TURMERIC - 13214
Resistance: 13324-13434-13506
Support: 13142-13070-12960
JEERA - 23800
Resistance: 24540-25280-25730
Support: 23350-22900-22160
DHANIYA - 7818
Resistance: 7850-7882-7914
Support: 7786-7754-7722
KEDIA COMMODITY MARKET ALERTS
06 Dec, 03:13
MENTHAOIL DAILY LEVELS
MENTHAOIL - 929.5
Resistance: 934-938-941
Support: 927-924-920
MENTHAOIL - 929.5
Resistance: 934-938-941
Support: 927-924-920
KEDIA COMMODITY MARKET ALERTS
06 Dec, 03:12
BASEMETALS LEVELS
COPPER - 820.2
Resistance: 825.1-829.8-832.7
Support: 817.5-814.6-809.9
ZINC - 288.95
Resistance: 290.6-292.1-293.8
Support: 287.4-285.7-284.2
ALUMINIUM - 246.1
Resistance: 246.7-247.3-247.8
Support: 245.6-245.1-244.5
LEAD - 182.6
Resistance: 183.1-183.6-184.2
Support: 182-181.4-180.9
COPPER - 820.2
Resistance: 825.1-829.8-832.7
Support: 817.5-814.6-809.9
ZINC - 288.95
Resistance: 290.6-292.1-293.8
Support: 287.4-285.7-284.2
ALUMINIUM - 246.1
Resistance: 246.7-247.3-247.8
Support: 245.6-245.1-244.5
LEAD - 182.6
Resistance: 183.1-183.6-184.2
Support: 182-181.4-180.9
KEDIA COMMODITY MARKET ALERTS
06 Dec, 03:12
ENERGY LEVELS
CRUDEOIL - 5805
Resistance: 5860-5915-5960
Support: 5760-5715-5660
NATURALGAS - 260.3
Resistance: 265.5-270.8-274.1
Support: 256.9-253.6-248.3
CRUDEOIL$ - 68.44
Resistance: 69.08-69.71-80.91
Support: 67.91-67.37-56.17
NATURALGAS$ - 3.086
Resistance: 3.142-3.198-3.418
Support: 3.039-2.992-2.772
CRUDEOIL - 5805
Resistance: 5860-5915-5960
Support: 5760-5715-5660
NATURALGAS - 260.3
Resistance: 265.5-270.8-274.1
Support: 256.9-253.6-248.3
CRUDEOIL$ - 68.44
Resistance: 69.08-69.71-80.91
Support: 67.91-67.37-56.17
NATURALGAS$ - 3.086
Resistance: 3.142-3.198-3.418
Support: 3.039-2.992-2.772
KEDIA COMMODITY MARKET ALERTS
06 Dec, 03:12
BULLION LEVELS
MCXBULLDEX - 18859
Resistance: 18937-19014-19082
Support: 18792-18724-18647
GOLD - 76476
Resistance: 76980-77490-77780
Support: 76180-75890-75380
SILVER - 92424
Resistance: 93090-93750-94140
Support: 92040-91650-90990
GOLD$ - 2633.81
Resistance: 2652.31-2669.87-2681.07
Support: 2620.44-2606.13-2594.93
SILVER$ - 31.3605
Resistance: 31.52-31.67-31.89
Support: 31.12-30.87-30.65
MCXBULLDEX - 18859
Resistance: 18937-19014-19082
Support: 18792-18724-18647
GOLD - 76476
Resistance: 76980-77490-77780
Support: 76180-75890-75380
SILVER - 92424
Resistance: 93090-93750-94140
Support: 92040-91650-90990
GOLD$ - 2633.81
Resistance: 2652.31-2669.87-2681.07
Support: 2620.44-2606.13-2594.93
SILVER$ - 31.3605
Resistance: 31.52-31.67-31.89
Support: 31.12-30.87-30.65
KEDIA COMMODITY MARKET ALERTS
06 Dec, 03:11
CURRENCY LEVELS
USDINR - 84.8175
Resistance: 84.87-84.9-84.94
Support: 84.8-84.76-84.73
EURINR - 89.355
Resistance: 89.51-89.66-89.77
Support: 89.25-89.14-88.99
GBPINR - 108.0275
Resistance: 108.15-108.28-108.48
Support: 107.82-107.62-107.49
JPYINR - 57.22
Resistance: 57.39-57.57-57.84
Support: 56.94-56.67-56.49
USDINR - 84.8175
Resistance: 84.87-84.9-84.94
Support: 84.8-84.76-84.73
EURINR - 89.355
Resistance: 89.51-89.66-89.77
Support: 89.25-89.14-88.99
GBPINR - 108.0275
Resistance: 108.15-108.28-108.48
Support: 107.82-107.62-107.49
JPYINR - 57.22
Resistance: 57.39-57.57-57.84
Support: 56.94-56.67-56.49
KEDIA COMMODITY MARKET ALERTS
05 Dec, 15:32
9:00PM USD ZONE DATA
Natural Gas Storage
Actual: -30B
Forecast: -38B
Previous: -2B
Natural Gas Storage
Actual: -30B
Forecast: -38B
Previous: -2B
KEDIA COMMODITY MARKET ALERTS
05 Dec, 13:33
7:00PM USD ZONE DATA
Unemployment Claims
Actual: 224K
Forecast: 215K
Previous: 213K
Trade Balance
Actual: -73.8B
Forecast: -75.2B
Previous: -84.4B
Unemployment Claims
Actual: 224K
Forecast: 215K
Previous: 213K
Trade Balance
Actual: -73.8B
Forecast: -75.2B
Previous: -84.4B
KEDIA COMMODITY MARKET ALERTS
05 Dec, 12:35
6:00PM USD ZONE DATA
Challenger Job Cuts y/y
Actual: 26.8%
Previous: 50.9%
Challenger Job Cuts y/y
Actual: 26.8%
Previous: 50.9%
KEDIA COMMODITY MARKET ALERTS
05 Dec, 10:06
3:30PM EUR ZONE DATA
Retail Sales m/m
Actual: -0.5%
Forecast: <span style="white-space:pre"> </span>-0.3%
Previous: 0.5%
Retail Sales m/m
Actual: -0.5%
Forecast: <span style="white-space:pre"> </span>-0.3%
Previous: 0.5%
KEDIA COMMODITY MARKET ALERTS
05 Dec, 09:36
3:00PM GBP ZONE DATA
Construction PMI
Actual: 55.2
Forecast: <span style="white-space:pre"> </span>53.5
Previous: 54.3
Construction PMI
Actual: 55.2
Forecast: <span style="white-space:pre"> </span>53.5
Previous: 54.3
KEDIA COMMODITY MARKET ALERTS
21 Nov, 15:34
9:00PM USD ZONE DATA
Natural Gas Storage
Actual: -3B
Forecast: 2B
Previous: 42B
DATA IS SUPPORTIVE FOR NATURAL GAS
Natural Gas Storage
Actual: -3B
Forecast: 2B
Previous: 42B
DATA IS SUPPORTIVE FOR NATURAL GAS
KEDIA COMMODITY MARKET ALERTS
21 Nov, 15:25
8:30PM USD ZONE DATA
Existing Home Sales
Actual: 3.96M
Forecast: 3.95M
Previous: 3.83M
CB Leading Index m/m
Actual: -0.4%
Forecast: -0.3%
Previous: -0.3%
DATA IS MIX FOR DOLLAR
Existing Home Sales
Actual: 3.96M
Forecast: 3.95M
Previous: 3.83M
CB Leading Index m/m
Actual: -0.4%
Forecast: -0.3%
Previous: -0.3%
DATA IS MIX FOR DOLLAR
KEDIA COMMODITY MARKET ALERTS
21 Nov, 15:24
8:30PM EUR ZONE DATA
Consumer Confidence
Actual: -14
Forecast: -13
Previous: -13
DATA IS WEAK FOR EUR
Consumer Confidence
Actual: -14
Forecast: -13
Previous: -13
DATA IS WEAK FOR EUR
KEDIA COMMODITY MARKET ALERTS
21 Nov, 13:34
7.00PM US ZONE
Unemployment Claims
213K VS 219K
Philly Fed Manufacturing Index
-5.5 VS 10.3
Mixed for Dollar
Unemployment Claims
213K VS 219K
Philly Fed Manufacturing Index
-5.5 VS 10.3
Mixed for Dollar
KEDIA COMMODITY MARKET ALERTS
21 Nov, 09:01
LME UPDATE AS ON 21.11.2024
Daily LME Daily Stocks is as follows: Aluminium down by -350MT, Copper up by 775MT, Lead down by -250MT, Nickel down by -1362MT & Zinc down by -3700MT.
Daily LME Cancelled Warrants is as follows: Aluminium down by -2500MT, Copper down by -650MT, Lead down by -250MT, Nickel down by -762MT & Zinc down by -3375MT.
Daily LME Daily Stocks is as follows: Aluminium down by -350MT, Copper up by 775MT, Lead down by -250MT, Nickel down by -1362MT & Zinc down by -3700MT.
Daily LME Cancelled Warrants is as follows: Aluminium down by -2500MT, Copper down by -650MT, Lead down by -250MT, Nickel down by -762MT & Zinc down by -3375MT.
KEDIA COMMODITY MARKET ALERTS
21 Nov, 03:18
Oil prices rise amid rising geopolitical tensions.
WTI crude oil futures rose above $69 per barrel on Thursday, as rising geopolitical risks outweighed concerns about growing US crude supplies. On Wednesday, Ukraine launched long-range weapons supplied by the West for the second time, a day after President Putin approved an updated nuclear doctrine that broadens the conditions for using nuclear weapons. At the same time, the United States vetoed a UN resolution calling for a ceasefire in Gaza, reigniting concerns about supply disruptions amid Middle East tensions. However, gains were limited by signs of excess supply in the market. According to EIA data, US crude oil inventories rose for the third week in a row, by 0.5 million barrels last week, exceeding the expected 0.4 million-barrel increase. Additionally, petrol stocks increased by 2.1 million barrels, exceeding expectations of a 1.6 million-barrel rise.
WTI crude oil futures rose above $69 per barrel on Thursday, as rising geopolitical risks outweighed concerns about growing US crude supplies. On Wednesday, Ukraine launched long-range weapons supplied by the West for the second time, a day after President Putin approved an updated nuclear doctrine that broadens the conditions for using nuclear weapons. At the same time, the United States vetoed a UN resolution calling for a ceasefire in Gaza, reigniting concerns about supply disruptions amid Middle East tensions. However, gains were limited by signs of excess supply in the market. According to EIA data, US crude oil inventories rose for the third week in a row, by 0.5 million barrels last week, exceeding the expected 0.4 million-barrel increase. Additionally, petrol stocks increased by 2.1 million barrels, exceeding expectations of a 1.6 million-barrel rise.
KEDIA COMMODITY MARKET ALERTS
21 Nov, 03:17
Gold Climbs for the Fourth Straight Run
Gold rose above $2,650 per ounce on Thursday, rising for the fourth straight session, as investors sought safety in the metal as geopolitical uncertainty grew due to escalating Russia-Ukraine tensions. Ukraine launched long-range weapons supplied by the West for the second time on Wednesday, just a day after President Putin approved an updated nuclear doctrine that expanded the conditions for using nuclear weapons. At the same time, the United States vetoed a UN resolution calling for a ceasefire in Gaza, reigniting concerns about the ongoing Middle East conflict. On the monetary policy front, markets remained focused on the Federal Reserve's interest rate outlook, closely monitoring Fedspeak for new trading signals. A slight majority of the market continues to expect a 25 basis point rate cut in December, which would lower the opportunity cost of holding non-interest-bearing gold.
Gold rose above $2,650 per ounce on Thursday, rising for the fourth straight session, as investors sought safety in the metal as geopolitical uncertainty grew due to escalating Russia-Ukraine tensions. Ukraine launched long-range weapons supplied by the West for the second time on Wednesday, just a day after President Putin approved an updated nuclear doctrine that expanded the conditions for using nuclear weapons. At the same time, the United States vetoed a UN resolution calling for a ceasefire in Gaza, reigniting concerns about the ongoing Middle East conflict. On the monetary policy front, markets remained focused on the Federal Reserve's interest rate outlook, closely monitoring Fedspeak for new trading signals. A slight majority of the market continues to expect a 25 basis point rate cut in December, which would lower the opportunity cost of holding non-interest-bearing gold.
KEDIA COMMODITY MARKET ALERTS
20 Nov, 15:33
9:00PM USD ZONE DATA
Crude Oil Inventories
Actual: 0.545M
Previous: 2.089M
EIA Refinery Crude Runs (WoW)
Actual: -0.281M
Previous: 0.175M
Crude Oil Imports
Actual: 0.237M
Previous: -0.321M
Cushing Crude Oil Inventories
Actual: -0.140M
Previous: -0.688M
Distillate Fuel Production
Actual: -0.132M
Previous: -0.127M
EIA Weekly Distillates Stocks
Actual: -0.114M
Previous: -1.394M
Gasoline Production
Actual: -0.980M
Previous: 0.559M
Heating Oil Stockpiles
Actual: 0.342M
Previous: -1.060M
EIA Weekly Refinery Utilization Rates (WoW)
Actual: -0.012
Previous: 0.90%
Gasoline Inventories
Actual: 2.054M
Previous: -4.407M
Crude Oil Inventories
Actual: 0.545M
Previous: 2.089M
EIA Refinery Crude Runs (WoW)
Actual: -0.281M
Previous: 0.175M
Crude Oil Imports
Actual: 0.237M
Previous: -0.321M
Cushing Crude Oil Inventories
Actual: -0.140M
Previous: -0.688M
Distillate Fuel Production
Actual: -0.132M
Previous: -0.127M
EIA Weekly Distillates Stocks
Actual: -0.114M
Previous: -1.394M
Gasoline Production
Actual: -0.980M
Previous: 0.559M
Heating Oil Stockpiles
Actual: 0.342M
Previous: -1.060M
EIA Weekly Refinery Utilization Rates (WoW)
Actual: -0.012
Previous: 0.90%
Gasoline Inventories
Actual: 2.054M
Previous: -4.407M
KEDIA COMMODITY MARKET ALERTS
20 Nov, 10:40
BASEMETALS LEVELS
COPPER - 811.35
Resistance: 814.4-817.3-822.3
Support: 806.5-801.5-798.6
ZINC - 278.4
Resistance: 280.5-282.6-284
Support: 277-275.6-273.5
LEAD - 181.2
Resistance: 182-182.8-183.7
Support: 180.3-179.4-178.6
ALUMINIUM - 243.6
Resistance: 246.7-249.6-252.3
Support: 241.1-238.4-235.5
COPPER - 811.35
Resistance: 814.4-817.3-822.3
Support: 806.5-801.5-798.6
ZINC - 278.4
Resistance: 280.5-282.6-284
Support: 277-275.6-273.5
LEAD - 181.2
Resistance: 182-182.8-183.7
Support: 180.3-179.4-178.6
ALUMINIUM - 243.6
Resistance: 246.7-249.6-252.3
Support: 241.1-238.4-235.5
KEDIA COMMODITY MARKET ALERTS
20 Nov, 10:39
ENERGY LEVELS
CRUDEOIL - 5858
Resistance: 5906-5955-6007
Support: 5805-5753-5704
NATURAL GAS - 255.2
Resistance: 260.5-265.8-273.4
Support: 247.6-240-234.7
CRUDEOIL - 5858
Resistance: 5906-5955-6007
Support: 5805-5753-5704
NATURAL GAS - 255.2
Resistance: 260.5-265.8-273.4
Support: 247.6-240-234.7
KEDIA COMMODITY MARKET ALERTS
20 Nov, 10:39
BULLION LEVELS
MCXBULLDEX - 18804
Resistance: 18870-18935-18998
Support: 18742-18679-18614
GOLD - 75587
Resistance: 75898-76209-76558
Support: 75238-74889-74578
SILVER - 90620
Resistance: 91299-91979-92508
Support: 90090-89561-88881
MCXBULLDEX - 18804
Resistance: 18870-18935-18998
Support: 18742-18679-18614
GOLD - 75587
Resistance: 75898-76209-76558
Support: 75238-74889-74578
SILVER - 90620
Resistance: 91299-91979-92508
Support: 90090-89561-88881
KEDIA COMMODITY MARKET ALERTS
19 Nov, 15:55
Euro Weakens Toward 1-Year Low
The euro weakened to $1.0559, nearing a one-year low of $1.0496, due to concerns over US trade tariffs' impact on Eurozone growth and geopolitical tensions. Investors sought safer assets after Ukraine used missiles against Russia and Putin expanded Russia's nuclear doctrine. The ECB has cut rates three times since June.
Highlights
# Euro weakens to $1.0559, nearing over-one-year low of $1.0496.
# Concerns over US trade tariffs' impact on Eurozone growth and geopolitical tensions influence sentiment.
# Investors seek safer assets after Ukraine used Western missiles to strike Russia.
# ECB officials warn new US trade tariffs could harm Eurozone economic growth.
# Markets expect a 25-basis-point rate cut next month.
# Investors await Euro Area wage data and PMI figures
The euro weakened to $1.0559, nearing a one-year low of $1.0496, due to concerns over US trade tariffs' impact on Eurozone growth and geopolitical tensions. Investors sought safer assets after Ukraine used missiles against Russia and Putin expanded Russia's nuclear doctrine. The ECB has cut rates three times since June.
Highlights
# Euro weakens to $1.0559, nearing over-one-year low of $1.0496.
# Concerns over US trade tariffs' impact on Eurozone growth and geopolitical tensions influence sentiment.
# Investors seek safer assets after Ukraine used Western missiles to strike Russia.
# ECB officials warn new US trade tariffs could harm Eurozone economic growth.
# Markets expect a 25-basis-point rate cut next month.
# Investors await Euro Area wage data and PMI figures
KEDIA COMMODITY MARKET ALERTS
19 Nov, 15:54
Aluminium Prices Rise on LME China's Tax Rebate Ending
Aluminium prices on the London Metal Exchange (LME) rose, while prices on the Shanghai Futures Exchange fell. China's announcement to cancel a 13% export tax refund for aluminium semi-manufactured products from Dec. 1 inflated concerns about global supplies tightening and more of the product inside the country. The cancellation of rebates could make Chinese aluminium more expensive on the international market and reduce export volumes. LME aluminium may struggle to hold onto the price rally until physical demand picks up. China's imports of unwrought aluminium and aluminium products in October fell 8.7% YoY to 320,000 metric tons, while imports for the first ten months of this year reached 3.17 million tons, up 32.4% YoY. Aluminium stocks at three major Japanese ports fell 0.5% to 311,400 metric tons.
Highlights
# Aluminium prices on LME rose and SHFE aluminium contract closed down 0.4% at 20,470 yuan ($2,827.5) a ton.
# China's cancellation of a 13% export tax refund for aluminium semi-manufactured products from Dec. 1 sparked global supply concerns.
# The cancellation of rebates could make Chinese aluminium more expensive and reduce export volumes.
# LME aluminium may struggle to maintain price rally until physical demand increases.
# China's imports of unwrought aluminium and aluminium products in October fell 8.7% YoY to 320,000 metric tons.
# Aluminum stocks at three major Japanese ports fell to 311,400 metric tons by the end of October.
Aluminium prices on the London Metal Exchange (LME) rose, while prices on the Shanghai Futures Exchange fell. China's announcement to cancel a 13% export tax refund for aluminium semi-manufactured products from Dec. 1 inflated concerns about global supplies tightening and more of the product inside the country. The cancellation of rebates could make Chinese aluminium more expensive on the international market and reduce export volumes. LME aluminium may struggle to hold onto the price rally until physical demand picks up. China's imports of unwrought aluminium and aluminium products in October fell 8.7% YoY to 320,000 metric tons, while imports for the first ten months of this year reached 3.17 million tons, up 32.4% YoY. Aluminium stocks at three major Japanese ports fell 0.5% to 311,400 metric tons.
Highlights
# Aluminium prices on LME rose and SHFE aluminium contract closed down 0.4% at 20,470 yuan ($2,827.5) a ton.
# China's cancellation of a 13% export tax refund for aluminium semi-manufactured products from Dec. 1 sparked global supply concerns.
# The cancellation of rebates could make Chinese aluminium more expensive and reduce export volumes.
# LME aluminium may struggle to maintain price rally until physical demand increases.
# China's imports of unwrought aluminium and aluminium products in October fell 8.7% YoY to 320,000 metric tons.
# Aluminum stocks at three major Japanese ports fell to 311,400 metric tons by the end of October.
KEDIA COMMODITY MARKET ALERTS
19 Nov, 15:39
EU 2024/25 Soft Wheat Exports
The European Union's soft wheat exports reached 8.79 million metric tons by November 17, up from 12.66 million a year earlier, according to data from the European Commission. Barley exports reached 1.83 million tons, while maize imports reached 7.60 million tons. However, export figures for Italy, France, Bulgaria, and Ireland were not complete for the last five weeks, with data not available since the start of 2024.
Highlights
# Soft wheat exports reached 8.79 million metric tons by Nov. 17, up from 12.66 million a year earlier.
# EU barley exports increased to 1.83 million tons, from 2.91 million tons in 2023/24.
# EU maize imports increased to 7.60 million tons, from 6.83 million a year earlier.
# Export figures for Italy, France, Bulgaria, and Ireland were incomplete for the last five weeks.
The European Union's soft wheat exports reached 8.79 million metric tons by November 17, up from 12.66 million a year earlier, according to data from the European Commission. Barley exports reached 1.83 million tons, while maize imports reached 7.60 million tons. However, export figures for Italy, France, Bulgaria, and Ireland were not complete for the last five weeks, with data not available since the start of 2024.
Highlights
# Soft wheat exports reached 8.79 million metric tons by Nov. 17, up from 12.66 million a year earlier.
# EU barley exports increased to 1.83 million tons, from 2.91 million tons in 2023/24.
# EU maize imports increased to 7.60 million tons, from 6.83 million a year earlier.
# Export figures for Italy, France, Bulgaria, and Ireland were incomplete for the last five weeks.
KEDIA COMMODITY MARKET ALERTS
19 Nov, 15:16
Gold Price Strengthens Amid Russia's Nuclear Doctrine
Gold price has recovered to nearly $2,635 following Russia's approval of a revision in its nuclear policy. This move has sparked fears of a nuclear war, prompting investors to seek safe-haven assets like gold. The move was seen as an answer to the US backing Ukraine's military strength by allowing Kyiv to use Washington-supplied ATACMS missiles to attack Russia's Kursk region. Goldman Sachs is bullish on the gold price for a year-long horizon, expecting it to rise to $3,000 by 2025. The US Dollar Index fell back to near the key support of 106.00.
Highlights
# Gold price recovers to nearly $2,635 due to escalation in Russia-Ukraine war.
# Russian President Vladimir Putin has signed a decree to update the country's nuclear doctrine.
# The move has heightened fears of a nuclear war, prompting investors to seek safe-haven assets like Gold.
# The nuclear doctrine states that Russia reserves the right to use nuclear weapons in case of aggression with conventional weapons against it.
# Russia acknowledges US President Joe Biden's approval of the supply of missiles to Ukraine as an intent to prolong the conflict.
# Goldman Sachs predicts a year-long bullish gold price rise to $3,000 by 2025 due to higher demand from central banks and flows to exchange-traded funds as the Federal Reserve cuts interest rates.
# Gold price has recovered 38% of losses in the first half of November amid increasing geopolitical worries.
# Trump's promise to raise import tariffs and lower taxes is expected to boost inflation and economic growth.
# The impact of Trump's victory is visible in market expectations for the Federal Reserve's interest rate path.
# The US Dollar Index (DXY) surrenders its intraday gains and falls back to near the key support of 106.00.
# Gold price bounces back strongly after discovering support near the 100-day Exponential Moving Average (EMA) around $2,535.
Gold price has recovered to nearly $2,635 following Russia's approval of a revision in its nuclear policy. This move has sparked fears of a nuclear war, prompting investors to seek safe-haven assets like gold. The move was seen as an answer to the US backing Ukraine's military strength by allowing Kyiv to use Washington-supplied ATACMS missiles to attack Russia's Kursk region. Goldman Sachs is bullish on the gold price for a year-long horizon, expecting it to rise to $3,000 by 2025. The US Dollar Index fell back to near the key support of 106.00.
Highlights
# Gold price recovers to nearly $2,635 due to escalation in Russia-Ukraine war.
# Russian President Vladimir Putin has signed a decree to update the country's nuclear doctrine.
# The move has heightened fears of a nuclear war, prompting investors to seek safe-haven assets like Gold.
# The nuclear doctrine states that Russia reserves the right to use nuclear weapons in case of aggression with conventional weapons against it.
# Russia acknowledges US President Joe Biden's approval of the supply of missiles to Ukraine as an intent to prolong the conflict.
# Goldman Sachs predicts a year-long bullish gold price rise to $3,000 by 2025 due to higher demand from central banks and flows to exchange-traded funds as the Federal Reserve cuts interest rates.
# Gold price has recovered 38% of losses in the first half of November amid increasing geopolitical worries.
# Trump's promise to raise import tariffs and lower taxes is expected to boost inflation and economic growth.
# The impact of Trump's victory is visible in market expectations for the Federal Reserve's interest rate path.
# The US Dollar Index (DXY) surrenders its intraday gains and falls back to near the key support of 106.00.
# Gold price bounces back strongly after discovering support near the 100-day Exponential Moving Average (EMA) around $2,535.
KEDIA COMMODITY MARKET ALERTS
19 Nov, 15:08
Commerzbank Expects Gold Price To Rise To $2,650 In Second Half Of 2025
KEDIA COMMODITY MARKET ALERTS
19 Nov, 15:07
UAE Surpasses London as World's Second-Largest Gold Hub
The Dubai Multi Commodities Centre (DMCC) has reported that Asian demand has transformed the gold market, driving prices to record highs. The UAE, which has become the world's second-largest gold hub, is positioned to serve as an important bridge between East and West. The DMCC envisions the start of an "Asian Century" for gold, with a focus on developing a new gold economic corridor among BRICS nations, including the UAE. The UAE has seen significant growth in gold trading this year, with $129 billion in gold flowing through Dubai in 2024, marking a 36% increase compared to the previous year. The DMCC also recommended enhancing transparency and regulation in the gold market, supporting digital innovation, and improving access for emerging markets.
Highlights
# Asian demand has transformed the gold market, driving prices to record highs.
# The Dubai Multi Commodities Centre (DMCC) reports that Asia's influence in the marketplace is expected to grow.
# The UAE and the United Arab Emirates are positioned as a bridge between East and West, with a focus on developing a new gold economic corridor among BRICS nations, including the UAE.
# The UAE has seen significant growth in gold trading this year, with $129 billion in gold flowing through Dubai in 2024, marking a 36% increase compared to the previous year.
# The DMCC recommends enhancing transparency and regulation in the gold market, supporting digital innovation, and improving access for emerging markets.
# The report calls for further digitization of the gold market to improve transparency, eliminate pricing inconsistencies, and reduce reliance on derivative products.
The Dubai Multi Commodities Centre (DMCC) has reported that Asian demand has transformed the gold market, driving prices to record highs. The UAE, which has become the world's second-largest gold hub, is positioned to serve as an important bridge between East and West. The DMCC envisions the start of an "Asian Century" for gold, with a focus on developing a new gold economic corridor among BRICS nations, including the UAE. The UAE has seen significant growth in gold trading this year, with $129 billion in gold flowing through Dubai in 2024, marking a 36% increase compared to the previous year. The DMCC also recommended enhancing transparency and regulation in the gold market, supporting digital innovation, and improving access for emerging markets.
Highlights
# Asian demand has transformed the gold market, driving prices to record highs.
# The Dubai Multi Commodities Centre (DMCC) reports that Asia's influence in the marketplace is expected to grow.
# The UAE and the United Arab Emirates are positioned as a bridge between East and West, with a focus on developing a new gold economic corridor among BRICS nations, including the UAE.
# The UAE has seen significant growth in gold trading this year, with $129 billion in gold flowing through Dubai in 2024, marking a 36% increase compared to the previous year.
# The DMCC recommends enhancing transparency and regulation in the gold market, supporting digital innovation, and improving access for emerging markets.
# The report calls for further digitization of the gold market to improve transparency, eliminate pricing inconsistencies, and reduce reliance on derivative products.
KEDIA COMMODITY MARKET ALERTS
19 Nov, 15:06
Indonesia's Nickel Ore Imports Surge by 50 Times
Indonesia's nickel ore imports in the first ten months of 2024 soared to 9.3 million metric tons, more than 50 times the previous year's figure of 161,917 tons. The world's largest nickel producer has bought record volumes of the ore from the Philippines since April, as smelter demand increased and Jakarta delayed the issue of mining quotas due to heavy rains. Indonesia's chief executive officer, Alexander Barus, said the imports were a rational business decision made by domestic smelters. The total value of nickel ore imports from January to October was $406 million, up from $7.1 million a year earlier. Indonesia changed the way it issued mining quotas this year, affecting nearly all miners.
Highlights
# Indonesia's nickel ore imports increased by 50 times to 9.3 million metric tons in the first ten months of 2024.
# The world's largest nickel producer has purchased record volumes of the ore from the Philippines since April due to increased smelter demand and delayed mining quotas.
# Alexander Barus, CEO of Indonesia Morowali Industrial Park, attributed the imports to a rational business decision by domestic smelters.
# Imports of nickel ore from January to October totaled $406 million, up from $7.1 million a year earlier.
# Indonesia's change in mining quotas affected nearly all miners, with ore shortages continuing into the year.
# Indonesian authorities have defended the nickel ore quota, stating approved volumes were sufficient for smelters.
Indonesia's nickel ore imports in the first ten months of 2024 soared to 9.3 million metric tons, more than 50 times the previous year's figure of 161,917 tons. The world's largest nickel producer has bought record volumes of the ore from the Philippines since April, as smelter demand increased and Jakarta delayed the issue of mining quotas due to heavy rains. Indonesia's chief executive officer, Alexander Barus, said the imports were a rational business decision made by domestic smelters. The total value of nickel ore imports from January to October was $406 million, up from $7.1 million a year earlier. Indonesia changed the way it issued mining quotas this year, affecting nearly all miners.
Highlights
# Indonesia's nickel ore imports increased by 50 times to 9.3 million metric tons in the first ten months of 2024.
# The world's largest nickel producer has purchased record volumes of the ore from the Philippines since April due to increased smelter demand and delayed mining quotas.
# Alexander Barus, CEO of Indonesia Morowali Industrial Park, attributed the imports to a rational business decision by domestic smelters.
# Imports of nickel ore from January to October totaled $406 million, up from $7.1 million a year earlier.
# Indonesia's change in mining quotas affected nearly all miners, with ore shortages continuing into the year.
# Indonesian authorities have defended the nickel ore quota, stating approved volumes were sufficient for smelters.
KEDIA COMMODITY MARKET ALERTS
19 Nov, 13:34
7:00PM USD ZONE DATA
Building Permits
Actual: 1.42M
Forecast: 1.44M
Previous: 1.43M
Building Permits
Actual: 1.311M
Forecast: 1.34M
Previous: 1.35M
DATA IS FLAT FOR DOLLAR
Building Permits
Actual: 1.42M
Forecast: 1.44M
Previous: 1.43M
Building Permits
Actual: 1.311M
Forecast: 1.34M
Previous: 1.35M
DATA IS FLAT FOR DOLLAR
KEDIA COMMODITY MARKET ALERTS
19 Nov, 10:04
3:30PM EUR ZONE DATA
Final Core CPI y/y
Actual: 2.7%
Forecast: 2.7%
Previous: 2.7%
Final CPI y/y
Actual: 2.0%
Forecast: 2.0%
Previous: 2.0%
Final Core CPI y/y
Actual: 2.7%
Forecast: 2.7%
Previous: 2.7%
Final CPI y/y
Actual: 2.0%
Forecast: 2.0%
Previous: 2.0%
KEDIA COMMODITY MARKET ALERTS
16 Nov, 03:00
Germany Faces Economic Challenges Amid Weak Growth Prospects
Germany's economy is set to underperform the eurozone average until 2026, as per the European Commission's Autumn Forecast. While the eurozone is projected to grow at 0.8% in 2024, Germany is expected to face a 0.1% GDP contraction due to weakened global demand and high uncertainty affecting consumption and investment. Inflation has eased significantly, reaching 2.4% in October 2024, compared to a peak of 11.6% in 2022. Growth is anticipated to recover modestly in 2025 and 2026, supported by rising real wages and private consumption. However, Germany's growth rate will still lag behind the eurozone average, indicating prolonged economic challenges for the region's largest economy.
Key Highlights
# Germany's GDP is forecasted to contract by 0.1% in 2024.
#Eurozone's GDP is projected to grow by 0.8% in 2024.
#Inflation in Germany eased to 2.4% in October 2024.
#Recovery expected in 2025-2026, driven by domestic demand.
#Germany's growth to lag behind the eurozone average till 2026.
Germany's economic performance continues to face significant headwinds, with the European Commission projecting a 0.1% contraction in GDP for 2024. This marks a downward revision from the earlier forecast of 0.1% growth. In contrast, the eurozone economy is expected to grow by 0.8%, highlighting Germany's relative underperformance. Inflation trends have improved, with harmonized inflation dropping to 2.4% in October 2024 from a high of 11.6% in 2022.
The contraction in Germany's GDP is attributed to declining global demand for industrial goods, which has hurt the country's export-driven economy. High uncertainty continues to weigh on consumption and investment. However, the easing inflationary pressures and real wage increases are expected to gradually boost domestic demand in 2025 and 2026, contributing to modest growth rates of 0.7% in 2025 and 1.3% in 2026.
Germany's economic struggles stand in stark contrast to the broader eurozone, where growth is anticipated to accelerate to 1.6% by 2026. Despite signs of recovery in private consumption and real household income, Germany remains the weakest performer among the G7 economies. The European Commission's forecasts underscore the need for structural reforms to address long-standing issues in Germany's economic framework.
Finally
Germany's economy faces prolonged challenges, with modest recovery driven by domestic demand. Structural reforms are essential to bridge the gap with the eurozone average.
Germany's economy is set to underperform the eurozone average until 2026, as per the European Commission's Autumn Forecast. While the eurozone is projected to grow at 0.8% in 2024, Germany is expected to face a 0.1% GDP contraction due to weakened global demand and high uncertainty affecting consumption and investment. Inflation has eased significantly, reaching 2.4% in October 2024, compared to a peak of 11.6% in 2022. Growth is anticipated to recover modestly in 2025 and 2026, supported by rising real wages and private consumption. However, Germany's growth rate will still lag behind the eurozone average, indicating prolonged economic challenges for the region's largest economy.
Key Highlights
# Germany's GDP is forecasted to contract by 0.1% in 2024.
#Eurozone's GDP is projected to grow by 0.8% in 2024.
#Inflation in Germany eased to 2.4% in October 2024.
#Recovery expected in 2025-2026, driven by domestic demand.
#Germany's growth to lag behind the eurozone average till 2026.
Germany's economic performance continues to face significant headwinds, with the European Commission projecting a 0.1% contraction in GDP for 2024. This marks a downward revision from the earlier forecast of 0.1% growth. In contrast, the eurozone economy is expected to grow by 0.8%, highlighting Germany's relative underperformance. Inflation trends have improved, with harmonized inflation dropping to 2.4% in October 2024 from a high of 11.6% in 2022.
The contraction in Germany's GDP is attributed to declining global demand for industrial goods, which has hurt the country's export-driven economy. High uncertainty continues to weigh on consumption and investment. However, the easing inflationary pressures and real wage increases are expected to gradually boost domestic demand in 2025 and 2026, contributing to modest growth rates of 0.7% in 2025 and 1.3% in 2026.
Germany's economic struggles stand in stark contrast to the broader eurozone, where growth is anticipated to accelerate to 1.6% by 2026. Despite signs of recovery in private consumption and real household income, Germany remains the weakest performer among the G7 economies. The European Commission's forecasts underscore the need for structural reforms to address long-standing issues in Germany's economic framework.
Finally
Germany's economy faces prolonged challenges, with modest recovery driven by domestic demand. Structural reforms are essential to bridge the gap with the eurozone average.
KEDIA COMMODITY MARKET ALERTS
15 Nov, 15:02
8:30PM USD ZONE DATA
Business Inventories m/m
Actual: 0.1%
Forecast: 0.2%
Previous: 0.3%
DATA IS SUPPORTIVE FOR DOLLAR
Business Inventories m/m
Actual: 0.1%
Forecast: 0.2%
Previous: 0.3%
DATA IS SUPPORTIVE FOR DOLLAR
KEDIA COMMODITY MARKET ALERTS
15 Nov, 14:18
7:45PM USD ZONE DATA
Capacity Utilization Rate
Actual: 77.1%
Forecast: 77.1%
Previous: 77.5%
Industrial Production m/m
Actual: -0.3%
Forecast: -0.3%
Previous: -0.3%
Capacity Utilization Rate
Actual: 77.1%
Forecast: 77.1%
Previous: 77.5%
Industrial Production m/m
Actual: -0.3%
Forecast: -0.3%
Previous: -0.3%
KEDIA COMMODITY MARKET ALERTS
15 Nov, 13:33
7:00PM USD ZONE DATA
Core Retail Sales m/m
Actual: 0.1%
Forecast: 0.3%
Previous: 0.5%
Retail Sales m/m
Actual: 0.4%
Forecast: 0.3%
Previous: 0.4%
Empire State Manufacturing Index
Actual: 31.2
Forecast: -0.3
Previous: -11.9
Import Prices m/m
Actual: 0.3%
Forecast: -0.1%
Previous: -0.4%
Core Retail Sales m/m
Actual: 0.1%
Forecast: 0.3%
Previous: 0.5%
Retail Sales m/m
Actual: 0.4%
Forecast: 0.3%
Previous: 0.4%
Empire State Manufacturing Index
Actual: 31.2
Forecast: -0.3
Previous: -11.9
Import Prices m/m
Actual: 0.3%
Forecast: -0.1%
Previous: -0.4%
KEDIA COMMODITY MARKET ALERTS
15 Nov, 11:07
BASEMETALS LEVELS
COPPER - 797.3
Resistance: 802.2-807.1-815.9
Support: 788.5-779.7-774.8
ZINC - 275.65
Resistance: 278.6-281.4-285.5
Support: 271.7-267.6-264.8
LEAD - 178.2
Resistance: 179.6-180.9-181.8
Support: 177.4-176.5-175.2
ALUMINIUM - 235.1
Resistance: 237.6-239.9-242.4
Support: 232.8-230.3-228
COPPER - 797.3
Resistance: 802.2-807.1-815.9
Support: 788.5-779.7-774.8
ZINC - 275.65
Resistance: 278.6-281.4-285.5
Support: 271.7-267.6-264.8
LEAD - 178.2
Resistance: 179.6-180.9-181.8
Support: 177.4-176.5-175.2
ALUMINIUM - 235.1
Resistance: 237.6-239.9-242.4
Support: 232.8-230.3-228
KEDIA COMMODITY MARKET ALERTS
15 Nov, 11:07
ENERGY LEVELS
CRUDEOIL - 5767
Resistance: 5836-5905-5954
Support: 5718-5669-5600
NATURAL GAS - 239.3
Resistance: 248.1-256.9-262
Support: 234.2-229.1-220.3
CRUDEOIL - 5767
Resistance: 5836-5905-5954
Support: 5718-5669-5600
NATURAL GAS - 239.3
Resistance: 248.1-256.9-262
Support: 234.2-229.1-220.3
KEDIA COMMODITY MARKET ALERTS
15 Nov, 11:06
BULLION LEVELS
MCXBULLDEX - 18444
Resistance: 18532-18621-18787
Support: 18277-18111-18022
GOLD - 74154
Resistance: 74548-74941-75565
Support: 73531-72907-72514
SILVER - 88870
Resistance: 89646-90423-91824
Support: 87468-86067-85290
MCXBULLDEX - 18444
Resistance: 18532-18621-18787
Support: 18277-18111-18022
GOLD - 74154
Resistance: 74548-74941-75565
Support: 73531-72907-72514
SILVER - 88870
Resistance: 89646-90423-91824
Support: 87468-86067-85290
KEDIA COMMODITY MARKET ALERTS
15 Nov, 10:46
COPPER AND ALUMINIUM UPDATE
China's finance ministry said it would reduce or cancel export tax rebates for aluminum and copper products, effective Dec. 1.
Supportive Aluminium amd Copper
China's finance ministry said it would reduce or cancel export tax rebates for aluminum and copper products, effective Dec. 1.
Supportive Aluminium amd Copper
KEDIA COMMODITY MARKET ALERTS
14 Nov, 16:03
9:00PM USD ZONE DATA
Crude Oil Inventories
Actual: 2.089M
Forecast: 0.400M
Previous: 2.149M
EIA Refinery Crude Runs (WoW)
Actual: 0.175M
Previous: 0.281M
Crude Oil Imports
Actual: -0.321M
Previous: 1.676M
Cushing Crude Oil Inventories
Actual: -0.688M
Previous: 0.522M
Distillate Fuel Production
Actual: -0.127M
Previous: 0.233M
EIA Weekly Distillates Stocks
Actual: -1.394M
Forecast: 1.000M
Previous: 2.947M
Gasoline Production
Actual: 0.559M
Previous: 0.013M
Heating Oil Stockpiles
Actual: -1.060M
Previous: 0.335M
EIA Weekly Refinery Utilization Rates (WoW)
Actual: 0.009
Previous: 1.40%
Gasoline Inventories
Actual: -4.407M
Forecast: 1.000M
Previous: 0.412M
Crude Oil Inventories
Actual: 2.089M
Forecast: 0.400M
Previous: 2.149M
EIA Refinery Crude Runs (WoW)
Actual: 0.175M
Previous: 0.281M
Crude Oil Imports
Actual: -0.321M
Previous: 1.676M
Cushing Crude Oil Inventories
Actual: -0.688M
Previous: 0.522M
Distillate Fuel Production
Actual: -0.127M
Previous: 0.233M
EIA Weekly Distillates Stocks
Actual: -1.394M
Forecast: 1.000M
Previous: 2.947M
Gasoline Production
Actual: 0.559M
Previous: 0.013M
Heating Oil Stockpiles
Actual: -1.060M
Previous: 0.335M
EIA Weekly Refinery Utilization Rates (WoW)
Actual: 0.009
Previous: 1.40%
Gasoline Inventories
Actual: -4.407M
Forecast: 1.000M
Previous: 0.412M
KEDIA COMMODITY MARKET ALERTS
14 Nov, 15:33
9:00PM USD ZONE DATA
Natural Gas Storage
Actual: 42B
Forecast: 34B
Previous: 69B
DATA IS WEAK FOR NATURAL GAS
Natural Gas Storage
Actual: 42B
Forecast: 34B
Previous: 69B
DATA IS WEAK FOR NATURAL GAS
KEDIA COMMODITY MARKET ALERTS
14 Nov, 13:32
7:00PM USD ZONE DATA
Core PPI m/m
Actual: 0.3%
Forecast: 0.3%
Previous: 0.2%
PPI m/m
Actual: 0.2%
Forecast: 0.2%
Previous: 0.0%
Unemployment Claims
Actual: 217K
Forecast: 224K
Previous: 221K
DATA IS SUPPORTIVE FOR DOLLAR
Core PPI m/m
Actual: 0.3%
Forecast: 0.3%
Previous: 0.2%
PPI m/m
Actual: 0.2%
Forecast: 0.2%
Previous: 0.0%
Unemployment Claims
Actual: 217K
Forecast: 224K
Previous: 221K
DATA IS SUPPORTIVE FOR DOLLAR
KEDIA COMMODITY MARKET ALERTS
14 Nov, 10:04
3:30PM EUR ZONE DATA
Flash Employment Change q/q
Actual: 0.2%
Forecast: 0.2%
Previous: 0.2%
Flash GDP q/q
Actual: 0.4%
Forecast: 0.4%<span style="white-space:pre"> </span>
Previous: 0.4%
Industrial Production m/m
Actual: -2.0%
Forecast: -1.3%
Previous: 1.5%
Flash Employment Change q/q
Actual: 0.2%
Forecast: 0.2%
Previous: 0.2%
Flash GDP q/q
Actual: 0.4%
Forecast: 0.4%<span style="white-space:pre"> </span>
Previous: 0.4%
Industrial Production m/m
Actual: -2.0%
Forecast: -1.3%
Previous: 1.5%
KEDIA COMMODITY MARKET ALERTS
14 Nov, 09:01
Daily LME Daily Stocks As On 14112024
Daily LME Daily Stocks is as follows: Aluminium down by -2625MT, Copper down by -900MT, Lead down by -500MT, Nickel up by 3132MT & Zinc down by -1225MT.
Daily LME Cancelled Warrants is as follows: Aluminium down by -2625MT, Copper down by -900MT, Lead down by -125MT, Nickel up by 96MT & Zinc up by 425MT.
Daily LME Daily Stocks is as follows: Aluminium down by -2625MT, Copper down by -900MT, Lead down by -500MT, Nickel up by 3132MT & Zinc down by -1225MT.
Daily LME Cancelled Warrants is as follows: Aluminium down by -2625MT, Copper down by -900MT, Lead down by -125MT, Nickel up by 96MT & Zinc up by 425MT.
KEDIA COMMODITY MARKET ALERTS
14 Nov, 04:20
MENTHAOIL DAILY LEVELS
MENTHAOIL - 915.6
Resistance: 918-921-924
Support: 912-909-906
MENTHAOIL - 915.6
Resistance: 918-921-924
Support: 912-909-906
KEDIA COMMODITY MARKET ALERTS
14 Nov, 04:19
CASTOR LEVELS
CASTOR - 6714
Resistance: 6762-6810-6881
Support: 6643-6572-6524
CASTOR - 6714
Resistance: 6762-6810-6881
Support: 6643-6572-6524
KEDIA COMMODITY MARKET ALERTS
14 Nov, 04:18
SPICES LEVELS
TURMERIC - 13336
Resistance: 13502-13666-13902
Support: 13102-12866-12702
JEERA - 25105
Resistance: 25350-25590-25890
Support: 24810-24510-24270
DHANIYA - 7460
Resistance: 7596-7732-7954
Support: 7238-7016-6880
TURMERIC - 13336
Resistance: 13502-13666-13902
Support: 13102-12866-12702
JEERA - 25105
Resistance: 25350-25590-25890
Support: 24810-24510-24270
DHANIYA - 7460
Resistance: 7596-7732-7954
Support: 7238-7016-6880
KEDIA COMMODITY MARKET ALERTS
14 Nov, 04:18
COTTON COMPLEX LEVELS
COTTON - 55380
Resistance: 55630-55890-56180
Support: 55080-54790-54530
COCUDAKL - 2923
Resistance: 2937-2951-2964
Support: 2910-2897-2883
KAPAS - 1555.5
Resistance: 1559-1562-1566
Support: 1552-1548-1545
COTTON - 55380
Resistance: 55630-55890-56180
Support: 55080-54790-54530
COCUDAKL - 2923
Resistance: 2937-2951-2964
Support: 2910-2897-2883
KAPAS - 1555.5
Resistance: 1559-1562-1566
Support: 1552-1548-1545
KEDIA COMMODITY MARKET ALERTS
14 Nov, 04:17
GUAR COMPLEX LEVELS
GUARSEED - 5211
Resistance: 5263-5314-5378
Support: 5148-5084-5033
GUARGUM - 10478
Resistance: 10636-10792-10984
Support: 10288-10096-9940
GUARSEED - 5211
Resistance: 5263-5314-5378
Support: 5148-5084-5033
GUARGUM - 10478
Resistance: 10636-10792-10984
Support: 10288-10096-9940
KEDIA COMMODITY MARKET ALERTS
14 Nov, 04:17
BASEMETALS LEVELS
COPPER - 799.95
Resistance: 805.5-811.1-814.7
Support: 796.3-792.7-787.1
ZINC - 277.2
Resistance: 280-282.8-286.8
Support: 273.2-269.2-266.4
ALUMINIUM - 236.05
Resistance: 237.6-239.1-240.5
Support: 234.7-233.3-231.8
LEAD - 180.35
Resistance: 181.3-182.2-183
Support: 179.6-178.8-177.9
COPPER - 799.95
Resistance: 805.5-811.1-814.7
Support: 796.3-792.7-787.1
ZINC - 277.2
Resistance: 280-282.8-286.8
Support: 273.2-269.2-266.4
ALUMINIUM - 236.05
Resistance: 237.6-239.1-240.5
Support: 234.7-233.3-231.8
LEAD - 180.35
Resistance: 181.3-182.2-183
Support: 179.6-178.8-177.9
KEDIA COMMODITY MARKET ALERTS
14 Nov, 04:16
BULLION LEVELS
MCXBULLDEX - 18529
Resistance: 18674-18819-18906
Support: 18442-18355-18210
GOLD - 74482
Resistance: 75090-75695-76070
Support: 74110-73735-73130
SILVER - 89197
Resistance: 90200-91210-91870
Support: 88530-87870-86860
GOLD$ - 2571.03
Resistance: 2602.6-2635.29-2646.49
Support: 2553.31-2536.71-2525.51
SILVER$ - 30.3303
Resistance: 30.9-31.47-31.69
Support: 30.02-29.71-29.49
MCXBULLDEX - 18529
Resistance: 18674-18819-18906
Support: 18442-18355-18210
GOLD - 74482
Resistance: 75090-75695-76070
Support: 74110-73735-73130
SILVER - 89197
Resistance: 90200-91210-91870
Support: 88530-87870-86860
GOLD$ - 2571.03
Resistance: 2602.6-2635.29-2646.49
Support: 2553.31-2536.71-2525.51
SILVER$ - 30.3303
Resistance: 30.9-31.47-31.69
Support: 30.02-29.71-29.49
KEDIA COMMODITY MARKET ALERTS
01 Nov, 12:35
6:00PM USD ZONE DATA
ISM Manufacturing PMI
Actual: 0.4%
Forecast: 0.3%
Previous: 0.3%
ISM Manufacturing Prices
Actual: 12K
Forecast:106K
Previous: 223K
Construction Spending m/m
Actual: 4.1%
Forecast: 4.1%
Previous: 4.1%
DATA IS MIX FOR DOLLAR
ISM Manufacturing PMI
Actual: 0.4%
Forecast: 0.3%
Previous: 0.3%
ISM Manufacturing Prices
Actual: 12K
Forecast:106K
Previous: 223K
Construction Spending m/m
Actual: 4.1%
Forecast: 4.1%
Previous: 4.1%
DATA IS MIX FOR DOLLAR
KEDIA COMMODITY MARKET ALERTS
31 Oct, 14:32
8:00PM USD ZONE DATA
Natural Gas Storage
Actual: 78B
Forecast: 79B
Previous: 80B
DATA IS FLAT FOR NATURAL GAS
Natural Gas Storage
Actual: 78B
Forecast: 79B
Previous: 80B
DATA IS FLAT FOR NATURAL GAS
KEDIA COMMODITY MARKET ALERTS
31 Oct, 13:48
7:15PM USD ZONE DATA
Chicago PMI
Actual: 41.6
Forecast: 46.9
Previous: 46.6
DATA IS WEAK FOR DOLLAR
Chicago PMI
Actual: 41.6
Forecast: 46.9
Previous: 46.6
DATA IS WEAK FOR DOLLAR
KEDIA COMMODITY MARKET ALERTS
31 Oct, 12:34
6:00PM USD ZONE DATA
Core PCE Price Index m/m
Actual: 0.3%
Forecast: 0.3%
Previous: 0.1%
Employment Cost Index q/q
Actual: 0.8%
Forecast: 0.9%
Previous: 0.9%
Unemployment Claims
Actual: 216K
Forecast: 229K
Previous: 228
Personal Income m/m
Actual: 0.3%
Forecast: 0.3%
Previous: 0.2%
Personal Spending m/m
Actual: 0.5%
Forecast: 0.4%
Previous: 0.2%
DATA IS MIX FOR DOLLAR
Core PCE Price Index m/m
Actual: 0.3%
Forecast: 0.3%
Previous: 0.1%
Employment Cost Index q/q
Actual: 0.8%
Forecast: 0.9%
Previous: 0.9%
Unemployment Claims
Actual: 216K
Forecast: 229K
Previous: 228
Personal Income m/m
Actual: 0.3%
Forecast: 0.3%
Previous: 0.2%
Personal Spending m/m
Actual: 0.5%
Forecast: 0.4%
Previous: 0.2%
DATA IS MIX FOR DOLLAR
KEDIA COMMODITY MARKET ALERTS
31 Oct, 10:52
Euro Area Inflation Rises to 2% in October, Surpassing Forecasts
Euro Area Inflation Rises to 2% in October, Surpassing Forecasts<br />
The Euro Area's annual inflation rate climbed to 2% in October, up from a 3-year low of 1.7% in September, surpassing the expected 1.9%, according to preliminary estimates. The increase aligns with anticipated base effects influencing inflation in the final months of 2024. <br />
Impact: This inflation rise could bolster the Euro as it may prompt discussions on potential policy adjustments in the Eurozone.
Euro Area Inflation Rises to 2% in October, Surpassing Forecasts<br />
The Euro Area's annual inflation rate climbed to 2% in October, up from a 3-year low of 1.7% in September, surpassing the expected 1.9%, according to preliminary estimates. The increase aligns with anticipated base effects influencing inflation in the final months of 2024. <br />
Impact: This inflation rise could bolster the Euro as it may prompt discussions on potential policy adjustments in the Eurozone.
KEDIA COMMODITY MARKET ALERTS
31 Oct, 10:03
3:30PM Euro Zone Data
Core CPI Flash Estimate y/y
Actual: 2.7%
Expected: 2.6%
Previous: 2.7%
CPI Flash Estimate y/y
Actual: 2.0%
Expected: 1.9%
Previous: 1.7%
Unemployment Rate
Actual: 6.3%
Expected: 6.4%
Previous: 6.4%
Italian Prelim CPI m/m
Actual: 0.0%
Expected: -0.1%
Previous: -0.2%
Positive for Euro
Core CPI Flash Estimate y/y
Actual: 2.7%
Expected: 2.6%
Previous: 2.7%
CPI Flash Estimate y/y
Actual: 2.0%
Expected: 1.9%
Previous: 1.7%
Unemployment Rate
Actual: 6.3%
Expected: 6.4%
Previous: 6.4%
Italian Prelim CPI m/m
Actual: 0.0%
Expected: -0.1%
Previous: -0.2%
Positive for Euro
KEDIA COMMODITY MARKET ALERTS
31 Oct, 10:02
3:30PM Euro Zone Data
Core CPI Flash Estimate y/y
Actual: 2.7%
Expected: 2.6%
Previous: 2.7%
CPI Flash Estimate y/y
Actual: 2.0%
Expected: 1.9%
Previous: 1.7%
Unemployment Rate
Actual: 6.3%<span style="white-space:pre"> </span>
Expected: 6.4%
Previous: 6.4%
Italian Prelim CPI m/m
Actual: 0.0%
Expected: -0.1%
Previous: -0.2%
Positive for Euro
Core CPI Flash Estimate y/y
Actual: 2.7%
Expected: 2.6%
Previous: 2.7%
CPI Flash Estimate y/y
Actual: 2.0%
Expected: 1.9%
Previous: 1.7%
Unemployment Rate
Actual: 6.3%<span style="white-space:pre"> </span>
Expected: 6.4%
Previous: 6.4%
Italian Prelim CPI m/m
Actual: 0.0%
Expected: -0.1%
Previous: -0.2%
Positive for Euro
KEDIA COMMODITY MARKET ALERTS
31 Oct, 09:02
2:30PM Euro Italian Monthly Unemployment Rate Data
Actual: 6.1%
Expected: 6.2%
Previous: 6.2%
Positive for Euro
Actual: 6.1%
Expected: 6.2%
Previous: 6.2%
Positive for Euro
KEDIA COMMODITY MARKET ALERTS
31 Oct, 07:46
1:15PM Euro French Prelim CPI m/m Data
Actual: 0.2%
Expected: 0.2%
Previous: -1.2%
Unchanged for Euro
Actual: 0.2%
Expected: 0.2%
Previous: -1.2%
Unchanged for Euro
KEDIA COMMODITY MARKET ALERTS
31 Oct, 07:29
EUR ZONE DATA
German Import Prices m/m
-0.4% VS -0.4%
German Retail Sales m/m
1.2% VS 1.6%
German Import Prices m/m
-0.4% VS -0.4%
German Retail Sales m/m
1.2% VS 1.6%
KEDIA COMMODITY MARKET ALERTS
31 Oct, 03:45
MENTHAOIL DAILY LEVELS
MENTHAOIL - 934.2
Resistance: 938-941-946
Support: 930-925-922
MENTHAOIL - 934.2
Resistance: 938-941-946
Support: 930-925-922
KEDIA COMMODITY MARKET ALERTS
31 Oct, 03:44
CASTOR LEVELS
CASTOR - 6592
Resistance: 6641-6689-6742
Support: 6540-6487-6439
CASTOR - 6592
Resistance: 6641-6689-6742
Support: 6540-6487-6439
KEDIA COMMODITY MARKET ALERTS
31 Oct, 03:43
SPICES LEVELS
TURMERIC - 13120
Resistance: 13224-13328-13406
Support: 13042-12964-12860
JEERA - 24160
Resistance: 24390-24630-24900
Support: 23880-23610-23370
DHANIYA - 7248
Resistance: 7268-7288-7306
Support: 7230-7212-7192
TURMERIC - 13120
Resistance: 13224-13328-13406
Support: 13042-12964-12860
JEERA - 24160
Resistance: 24390-24630-24900
Support: 23880-23610-23370
DHANIYA - 7248
Resistance: 7268-7288-7306
Support: 7230-7212-7192
KEDIA COMMODITY MARKET ALERTS
31 Oct, 03:43
COTTON COMPLEX LEVELS
COTTON - 55930
Resistance: 56020-56110-56220
Support: 55820-55710-55620
COCUDAKL - 2930
Resistance: 2989-3049-3114
Support: 2864-2799-2739
KAPAS - 1543
Resistance: 1552-1561-1567
Support: 1537-1531-1522
COTTON - 55930
Resistance: 56020-56110-56220
Support: 55820-55710-55620
COCUDAKL - 2930
Resistance: 2989-3049-3114
Support: 2864-2799-2739
KAPAS - 1543
Resistance: 1552-1561-1567
Support: 1537-1531-1522
KEDIA COMMODITY MARKET ALERTS
31 Oct, 03:42
GUAR COMPLEX LEVELS
GUARSEED - 5256
Resistance: 5292-5328-5349
Support: 5235-5214-5178
GUARGUM - 10619
Resistance: 10686-10750-10794
Support: 10578-10534-10470
GUARSEED - 5256
Resistance: 5292-5328-5349
Support: 5235-5214-5178
GUARGUM - 10619
Resistance: 10686-10750-10794
Support: 10578-10534-10470
KEDIA COMMODITY MARKET ALERTS
31 Oct, 03:42
BASEMETALS LEVELS
COPPER - 843.85
Resistance: 847.7-851.4-854.7
Support: 840.7-837.4-833.7
ZINC - 287
Resistance: 290.1-293.1-294.9
Support: 285.3-283.5-280.5
ALUMINIUM - 239.9
Resistance: 242.6-245.1-246.8
Support: 238.4-236.7-234.2
LEAD - 180.05
Resistance: 181-181.8-182.4
Support: 179.6-179-178.2
COPPER - 843.85
Resistance: 847.7-851.4-854.7
Support: 840.7-837.4-833.7
ZINC - 287
Resistance: 290.1-293.1-294.9
Support: 285.3-283.5-280.5
ALUMINIUM - 239.9
Resistance: 242.6-245.1-246.8
Support: 238.4-236.7-234.2
LEAD - 180.05
Resistance: 181-181.8-182.4
Support: 179.6-179-178.2
KEDIA COMMODITY MARKET ALERTS
31 Oct, 03:41
ENERGY LEVELS
CRUDEOIL - 5764
Resistance: 5830-5896-5966
Support: 5694-5624-5558
NATURALGAS - 239.8
Resistance: 244.4-249-254.4
Support: 234.4-229-224.4
CRUDEOIL$ - 68.95
Resistance: 69.65-70.34-81.54
Support: 67.79-66.62-55.42
NATURALGAS$ - 2.825
Resistance: 2.893-2.96-3.18
Support: 2.765-2.704-2.484
CRUDEOIL - 5764
Resistance: 5830-5896-5966
Support: 5694-5624-5558
NATURALGAS - 239.8
Resistance: 244.4-249-254.4
Support: 234.4-229-224.4
CRUDEOIL$ - 68.95
Resistance: 69.65-70.34-81.54
Support: 67.79-66.62-55.42
NATURALGAS$ - 2.825
Resistance: 2.893-2.96-3.18
Support: 2.765-2.704-2.484
KEDIA COMMODITY MARKET ALERTS
31 Oct, 03:41
BULLION LEVELS
MCXBULLDEX - 19867
Resistance: 19933-19999-20073
Support: 19793-19719-19653
GOLD - 79736
Resistance: 79910-80080-80385
Support: 79435-79130-78960
SILVER - 97740
Resistance: 98925-100115-101295
Support: 96555-95375-94185
GOLD$ - 2786.19
Resistance: 2793.35-2801.45-2812.65
Support: 2773.9-2762.55-2751.35
SILVER$ - 33.8
Resistance: 34.42-35.05-35.27
Support: 33.28-32.77-32.55
MCXBULLDEX - 19867
Resistance: 19933-19999-20073
Support: 19793-19719-19653
GOLD - 79736
Resistance: 79910-80080-80385
Support: 79435-79130-78960
SILVER - 97740
Resistance: 98925-100115-101295
Support: 96555-95375-94185
GOLD$ - 2786.19
Resistance: 2793.35-2801.45-2812.65
Support: 2773.9-2762.55-2751.35
SILVER$ - 33.8
Resistance: 34.42-35.05-35.27
Support: 33.28-32.77-32.55
KEDIA COMMODITY MARKET ALERTS
31 Oct, 03:40
CURRENCY LEVELS
USDINR - 84.1575
Resistance: 84.18-84.19-84.21
Support: 84.15-84.13-84.12
EURINR - 91.2375
Resistance: 91.45-91.65-91.9
Support: 91-90.75-90.55
GBPINR - 109.1425
Resistance: 109.42-109.71-109.87
Support: 108.97-108.81-108.52
JPYINR - 55.285
Resistance: 55.5-55.7-55.9
Support: 55.1-54.9-54.7
USDINR - 84.1575
Resistance: 84.18-84.19-84.21
Support: 84.15-84.13-84.12
EURINR - 91.2375
Resistance: 91.45-91.65-91.9
Support: 91-90.75-90.55
GBPINR - 109.1425
Resistance: 109.42-109.71-109.87
Support: 108.97-108.81-108.52
JPYINR - 55.285
Resistance: 55.5-55.7-55.9
Support: 55.1-54.9-54.7
KEDIA COMMODITY MARKET ALERTS
31 Oct, 03:39
AGRI COMMODITY MARKET UPDATE -
# Menthaoil prices gained amid shrinking supplies.
# Cotton dropped as yarn markets face weak demand and payment constraints.
# Turmeric prices dropped due to lower demand amid a rise in arrivals.
# Jeera dropped as arrival has increased and on an average, 15,000 to 16,000 bags of cumin are coming daily in Unjha.
# Dhaniya prices gained as India's festival season demand is expected to surge
# Castor gains as India's castor seed acreage for the current Kharif season has reported a significant drop
# Menthaoil prices gained amid shrinking supplies.
# Cotton dropped as yarn markets face weak demand and payment constraints.
# Turmeric prices dropped due to lower demand amid a rise in arrivals.
# Jeera dropped as arrival has increased and on an average, 15,000 to 16,000 bags of cumin are coming daily in Unjha.
# Dhaniya prices gained as India's festival season demand is expected to surge
# Castor gains as India's castor seed acreage for the current Kharif season has reported a significant drop
KEDIA COMMODITY MARKET ALERTS
30 Oct, 08:09
1:30PM Euro Zone Data
Spanish Flash CPI y/y
Actual: 1.8%
Expected: 1.7%
Previous: 1.5%
Spanish Flash GDP q/q
Actual: 0.8%
Expected: 0.6%
Previous: 0.8%
Positive for Euro.
Spanish Flash CPI y/y
Actual: 1.8%
Expected: 1.7%
Previous: 1.5%
Spanish Flash GDP q/q
Actual: 0.8%
Expected: 0.6%
Previous: 0.8%
Positive for Euro.
KEDIA COMMODITY MARKET ALERTS
30 Oct, 06:37
12:00PM Euro Zone Data
French Consumer Spending m/m
Actual: 0.1%
Expected: 0.1%
Previous: 0.2%<br />
French Flash GDP q/q
Actual: 0.4%
Expected: 0.3%
Previous: 0.2%
French Consumer Spending m/m
Actual: 0.1%
Expected: 0.1%
Previous: 0.2%<br />
French Flash GDP q/q
Actual: 0.4%
Expected: 0.3%
Previous: 0.2%
KEDIA COMMODITY MARKET ALERTS
30 Oct, 03:55
MENTHAOIL DAILY LEVELS
MENTHAOIL - 927.8
Resistance: 933-937-940
Support: 926-923-919
MENTHAOIL - 927.8
Resistance: 933-937-940
Support: 926-923-919
KEDIA COMMODITY MARKET ALERTS
30 Oct, 03:54
SPICES LEVELS
TURMERIC - 13178
Resistance: 13242-13308-13424
Support: 13060-12944-12878
JEERA - 24280
Resistance: 24560-24820-25050
Support: 24070-23840-23580
DHANIYA - 7242
Resistance: 7282-7324-7382
Support: 7182-7124-7082
TURMERIC - 13178
Resistance: 13242-13308-13424
Support: 13060-12944-12878
JEERA - 24280
Resistance: 24560-24820-25050
Support: 24070-23840-23580
DHANIYA - 7242
Resistance: 7282-7324-7382
Support: 7182-7124-7082
KEDIA COMMODITY MARKET ALERTS
30 Oct, 03:53
COTTON COMPLEX LEVELS
COTTON - 56010
Resistance: 56140-56260-56420
Support: 55860-55700-55580
COCUDAKL - 2978
Resistance: 3003-3028-3066
Support: 2940-2902-2877
KAPAS - 1556.5
Resistance: 1567-1576-1592
Support: 1542-1526-1517
COTTON - 56010
Resistance: 56140-56260-56420
Support: 55860-55700-55580
COCUDAKL - 2978
Resistance: 3003-3028-3066
Support: 2940-2902-2877
KAPAS - 1556.5
Resistance: 1567-1576-1592
Support: 1542-1526-1517
KEDIA COMMODITY MARKET ALERTS
30 Oct, 03:53
GUAR COMPLEX LEVELS
GUARSEED - 5288
Resistance: 5316-5344-5379
Support: 5253-5218-5190
GUARGUM - 10657
Resistance: 10714-10768-10850
Support: 10578-10496-10442
GUARSEED - 5288
Resistance: 5316-5344-5379
Support: 5253-5218-5190
GUARGUM - 10657
Resistance: 10714-10768-10850
Support: 10578-10496-10442
KEDIA COMMODITY MARKET ALERTS
30 Oct, 03:52
BASEMETALS LEVELS
COPPER - 845.2
Resistance: 851.2-857.3-865.9
Support: 836.5-827.9-821.8
ZINC - 288.95
Resistance: 292.9-296.8-299.9
Support: 285.9-282.8-278.9
ALUMINIUM - 242.1
Resistance: 244.2-246.2-247.8
Support: 240.6-239-237
LEAD - 180.05
Resistance: 180.8-181.6-182.4
Support: 179.2-178.4-177.6
COPPER - 845.2
Resistance: 851.2-857.3-865.9
Support: 836.5-827.9-821.8
ZINC - 288.95
Resistance: 292.9-296.8-299.9
Support: 285.9-282.8-278.9
ALUMINIUM - 242.1
Resistance: 244.2-246.2-247.8
Support: 240.6-239-237
LEAD - 180.05
Resistance: 180.8-181.6-182.4
Support: 179.2-178.4-177.6
KEDIA COMMODITY MARKET ALERTS
30 Oct, 03:52
ENERGY LEVELS
CRUDEOIL - 5668
Resistance: 5752-5835-5897
Support: 5607-5545-5462
NATURALGAS - 241.5
Resistance: 244.8-248-252.7
Support: 236.9-232.2-229
CRUDEOIL$ - 67.46
Resistance: 68.41-69.36-80.56
Support: 66.62-65.78-54.58
NATURALGAS$ - 2.891
Resistance: 2.936-2.98-3.2
Support: 2.821-2.75-2.53
CRUDEOIL - 5668
Resistance: 5752-5835-5897
Support: 5607-5545-5462
NATURALGAS - 241.5
Resistance: 244.8-248-252.7
Support: 236.9-232.2-229
CRUDEOIL$ - 67.46
Resistance: 68.41-69.36-80.56
Support: 66.62-65.78-54.58
NATURALGAS$ - 2.891
Resistance: 2.936-2.98-3.2
Support: 2.821-2.75-2.53
KEDIA COMMODITY MARKET ALERTS
30 Oct, 03:51
BULLION LEVELS
MCXBULLDEX - 19845
Resistance: 19908-19972-20079
Support: 19737-19630-19566
GOLD - 79233
Resistance: 79470-79700-80120
Support: 78820-78400-78170
SILVER - 98730
Resistance: 99620-100505-101680
Support: 97560-96385-95500
GOLD$ - 2775.13
Resistance: 2788.18-2800.07-2811.27
Support: 2752.11-2727.93-2716.73
SILVER$ - 34.4462
Resistance: 34.82-35.18-35.4
Support: 33.85-33.24-33.02
MCXBULLDEX - 19845
Resistance: 19908-19972-20079
Support: 19737-19630-19566
GOLD - 79233
Resistance: 79470-79700-80120
Support: 78820-78400-78170
SILVER - 98730
Resistance: 99620-100505-101680
Support: 97560-96385-95500
GOLD$ - 2775.13
Resistance: 2788.18-2800.07-2811.27
Support: 2752.11-2727.93-2716.73
SILVER$ - 34.4462
Resistance: 34.82-35.18-35.4
Support: 33.85-33.24-33.02
KEDIA COMMODITY MARKET ALERTS
30 Oct, 03:51
CURRENCY LEVELS
USDINR - 84.145
Resistance: 84.16-84.19-84.2
Support: 84.12-84.11-84.08
EURINR - 91.01
Resistance: 91.1-91.19-91.24
Support: 90.96-90.91-90.82
GBPINR - 109.145
Resistance: 109.28-109.4-109.55
Support: 109.01-108.86-108.74
JPYINR - 55.1
Resistance: 55.28-55.45-55.54
Support: 55.02-54.93-54.76
USDINR - 84.145
Resistance: 84.16-84.19-84.2
Support: 84.12-84.11-84.08
EURINR - 91.01
Resistance: 91.1-91.19-91.24
Support: 90.96-90.91-90.82
GBPINR - 109.145
Resistance: 109.28-109.4-109.55
Support: 109.01-108.86-108.74
JPYINR - 55.1
Resistance: 55.28-55.45-55.54
Support: 55.02-54.93-54.76
KEDIA COMMODITY MARKET ALERTS
30 Oct, 03:50
AGRI COMMODITY MARKET UPDATE -
# Menthaoil dropped on profit booking after prices gained amid shrinking supplies.
# Cotton dropped as yarn markets face weak demand and payment constraints.
# Turmeric gains amid reports of crop damage due to heavy rains
# Jeera dropped as arrival has increased and on an average, 15,000 to 16,000 bags of cumin are coming daily in Unjha.
# Dhaniya prices gained as India's festival season demand is expected to surge
# Castor dropped on profit booking amid reduction in the export of castorseed meal in H1.
# Menthaoil dropped on profit booking after prices gained amid shrinking supplies.
# Cotton dropped as yarn markets face weak demand and payment constraints.
# Turmeric gains amid reports of crop damage due to heavy rains
# Jeera dropped as arrival has increased and on an average, 15,000 to 16,000 bags of cumin are coming daily in Unjha.
# Dhaniya prices gained as India's festival season demand is expected to surge
# Castor dropped on profit booking amid reduction in the export of castorseed meal in H1.
KEDIA COMMODITY MARKET ALERTS
30 Oct, 03:50
COMMODITY MARKET UPDATE -
# Gold rose aided by a softer U.S. dollar and U.S. election jitters.
# Silver rose as uncertainty surrounding the US presidential election and Middle East tensions continued to drive safe-haven demand.
# Crude oil dropped as concerns about supply disruptions faded after Israel avoided hitting Iranian oil facilities.
# Natural gas gains amid drop in output and forecasts for slightly cooler weather and a little more heating demand.
# Copper gains on revived hope for large fiscal stimulus in China
# Zinc prices retreated after stocks in LME registered rose for a third consecutive day
# Aluminium slipped amid signs of resilience in the US economy tempered expectations for aggressive Fed interest rate cuts.
# Gold rose aided by a softer U.S. dollar and U.S. election jitters.
# Silver rose as uncertainty surrounding the US presidential election and Middle East tensions continued to drive safe-haven demand.
# Crude oil dropped as concerns about supply disruptions faded after Israel avoided hitting Iranian oil facilities.
# Natural gas gains amid drop in output and forecasts for slightly cooler weather and a little more heating demand.
# Copper gains on revived hope for large fiscal stimulus in China
# Zinc prices retreated after stocks in LME registered rose for a third consecutive day
# Aluminium slipped amid signs of resilience in the US economy tempered expectations for aggressive Fed interest rate cuts.
KEDIA COMMODITY MARKET ALERTS
30 Oct, 03:49
CURRENCY MARKET UPDATE -
# Rupee ended little changed on expectations that the country's central bank would shield the domestic unit's fall.
# Euro steadied after a series of data pointed to further deterioration in the regional economy.
# GBP consolidates ahead of a US data-heavy week and the UK's Autumn Forecast Statement.
# JPY recovered on short covering after remaining under pressure from policy uncertainties
# Rupee ended little changed on expectations that the country's central bank would shield the domestic unit's fall.
# Euro steadied after a series of data pointed to further deterioration in the regional economy.
# GBP consolidates ahead of a US data-heavy week and the UK's Autumn Forecast Statement.
# JPY recovered on short covering after remaining under pressure from policy uncertainties
KEDIA COMMODITY MARKET ALERTS
29 Oct, 14:03
7:30PM USD ZONE DATA
CB Consumer Confidence
Actual: 108.7
Forecast: 99.5
Previous: 98.7
JOLTS Job Openings
Actual: 7.44M
Forecast: 7.98M
Previous: 8.04M
DATA IS SUPPORTIVE FOR DOLLAR
CB Consumer Confidence
Actual: 108.7
Forecast: 99.5
Previous: 98.7
JOLTS Job Openings
Actual: 7.44M
Forecast: 7.98M
Previous: 8.04M
DATA IS SUPPORTIVE FOR DOLLAR
KEDIA COMMODITY MARKET ALERTS
29 Oct, 14:01
7:30PM USD ZONE DATA
CB Consumer Confidence
Actual: 70.5
Forecast: 99.5
Previous: 98.7
JOLTS Job Openings
Actual: 2.7%
Forecast: 7.98M
Previous: 8.04M
DATA IS SUPPOTIVE FOR DOLLAR
CB Consumer Confidence
Actual: 70.5
Forecast: 99.5
Previous: 98.7
JOLTS Job Openings
Actual: 2.7%
Forecast: 7.98M
Previous: 8.04M
DATA IS SUPPOTIVE FOR DOLLAR
KEDIA COMMODITY MARKET ALERTS
29 Oct, 12:32
6:00PM USD Zone Data
Goods Trade Balance
Actual: -108.2B
Expected: -95.9B
Previous: -94.3B
Negative for USD
Prelim Wholesale Inventories m/m
Actual: -0.1%
Expected: 0.1%
Previous: 0.1%
Positive for USD
Goods Trade Balance
Actual: -108.2B
Expected: -95.9B
Previous: -94.3B
Negative for USD
Prelim Wholesale Inventories m/m
Actual: -0.1%
Expected: 0.1%
Previous: 0.1%
Positive for USD
KEDIA COMMODITY MARKET ALERTS
29 Oct, 09:35
3:00PM GBP Zone Data
M4 Money Supply m/m
Actual: 0.6%
Expected: 0.1%
Previous: -0.1%
Positive for GBP
Mortgage Approvals
Actual: 66K
Expected: 65K
Previous: 65K
Unchanged for GBP
Net Lending to Individuals m/m
Actual: 3.8B
Expected: 4.1B
Previous: 4.2B
Negative for GBP
M4 Money Supply m/m
Actual: 0.6%
Expected: 0.1%
Previous: -0.1%
Positive for GBP
Mortgage Approvals
Actual: 66K
Expected: 65K
Previous: 65K
Unchanged for GBP
Net Lending to Individuals m/m
Actual: 3.8B
Expected: 4.1B
Previous: 4.2B
Negative for GBP
KEDIA COMMODITY MARKET ALERTS
29 Oct, 09:34
3:00PM GBP Zone Data
M4 Money Supply m/m
Actual: 0.6%
Expected: 0.1%
Previous: <span style="white-space:pre"> </span>-0.1%
Positive for GBP
Mortgage Approvals
Actual: 66K
Expected: 65K
Previous: 65K
Unchanged for GBP
Net Lending to Individuals m/m
Actual: 3.8B
Expected: 4.1B
Previous: 4.2B
Negative for GBP
M4 Money Supply m/m
Actual: 0.6%
Expected: 0.1%
Previous: <span style="white-space:pre"> </span>-0.1%
Positive for GBP
Mortgage Approvals
Actual: 66K
Expected: 65K
Previous: 65K
Unchanged for GBP
Net Lending to Individuals m/m
Actual: 3.8B
Expected: 4.1B
Previous: 4.2B
Negative for GBP
KEDIA COMMODITY MARKET ALERTS
29 Oct, 09:01
Daily LME Daily Stocks As On 29102024
Daily LME Daily Stocks is as follows: Aluminium down by -2500MT, Copper down by -1875MT, Lead down by -1125MT, Nickel up by 2910MT & Zinc down by -3750MT.
Daily LME Cancelled Warrants is as follows: Aluminium down by -2500MT, Copper down by -1200MT, Lead down by -1125MT, Nickel down by -384MT & Zinc down by -3750MT.
Daily LME Daily Stocks is as follows: Aluminium down by -2500MT, Copper down by -1875MT, Lead down by -1125MT, Nickel up by 2910MT & Zinc down by -3750MT.
Daily LME Cancelled Warrants is as follows: Aluminium down by -2500MT, Copper down by -1200MT, Lead down by -1125MT, Nickel down by -384MT & Zinc down by -3750MT.
KEDIA COMMODITY MARKET ALERTS
29 Oct, 03:51
MENTHAOIL DAILY LEVELS
MENTHAOIL - 930.4
Resistance: 935-940-943
Support: 927-924-919
MENTHAOIL - 930.4
Resistance: 935-940-943
Support: 927-924-919
KEDIA COMMODITY MARKET ALERTS
21 Oct, 14:04
7:30PM USD ZONE DATA
CB Leading Index m/m
Actual: -0.5%
Forecast: -0.3%
Previous: -0.3%
DATA IS WEAK FOR DOLLAR
CB Leading Index m/m
Actual: -0.5%
Forecast: -0.3%
Previous: -0.3%
DATA IS WEAK FOR DOLLAR
KEDIA COMMODITY MARKET ALERTS
21 Oct, 06:02
11:30AM Euro German PPI m/m Data
Actual: -0.5%
Expected: -0.2%
Previous: 0.2%
Negative for Euro.
Actual: -0.5%
Expected: -0.2%
Previous: 0.2%
Negative for Euro.
KEDIA COMMODITY MARKET ALERTS
21 Oct, 03:47
MENTHAOIL DAILY LEVELS
MENTHAOIL - 912.2
Resistance: 917-921-924
Support: 910-907-903
MENTHAOIL - 912.2
Resistance: 917-921-924
Support: 910-907-903
KEDIA COMMODITY MARKET ALERTS
21 Oct, 03:46
CASTOR LEVELS
CASTOR - 6800
Resistance: 6850-6901-6932
Support: 6768-6737-6686
CASTOR - 6800
Resistance: 6850-6901-6932
Support: 6768-6737-6686
KEDIA COMMODITY MARKET ALERTS
21 Oct, 03:45
SPICES LEVELS
TURMERIC - 13702
Resistance: 13786-13868-13986
Support: 13586-13468-13386
JEERA - 25175
Resistance: 25320-25470-25700
Support: 24940-24710-24560
DHANIYA - 7490
Resistance: 7558-7628-7744
Support: 7372-7256-7186
TURMERIC - 13702
Resistance: 13786-13868-13986
Support: 13586-13468-13386
JEERA - 25175
Resistance: 25320-25470-25700
Support: 24940-24710-24560
DHANIYA - 7490
Resistance: 7558-7628-7744
Support: 7372-7256-7186
KEDIA COMMODITY MARKET ALERTS
21 Oct, 03:45
COTTON COMPLEX LEVELS
COTTON - 56460
Resistance: 57460-58470-59650
Support: 55270-54090-53080
COCUDAKL - 3013
Resistance: 3030-3048-3059
Support: 3001-2990-2972
KAPAS - 1573.5
Resistance: 1580-1585-1593
Support: 1567-1559-1554
COTTON - 56460
Resistance: 57460-58470-59650
Support: 55270-54090-53080
COCUDAKL - 3013
Resistance: 3030-3048-3059
Support: 3001-2990-2972
KAPAS - 1573.5
Resistance: 1580-1585-1593
Support: 1567-1559-1554
KEDIA COMMODITY MARKET ALERTS
21 Oct, 03:44
GUAR COMPLEX LEVELS
GUARSEED - 5531
Resistance: 5562-5592-5618
Support: 5506-5480-5450
GUARGUM - 11232
Resistance: 11302-11370-11422
Support: 11182-11130-11062
GUARSEED - 5531
Resistance: 5562-5592-5618
Support: 5506-5480-5450
GUARGUM - 11232
Resistance: 11302-11370-11422
Support: 11182-11130-11062
KEDIA COMMODITY MARKET ALERTS
21 Oct, 03:44
BASEMETALS LEVELS
COPPER - 822.25
Resistance: 826-829.7-834.2
Support: 817.8-813.3-809.6
ZINC - 284.9
Resistance: 285.9-287-288.8
Support: 283-281.2-280.1
ALUMINIUM - 239
Resistance: 240.6-242-244.5
Support: 236.7-234.2-232.8
LEAD - 182.55
Resistance: 183.4-184.1-184.7
Support: 182.1-181.5-180.8
COPPER - 822.25
Resistance: 826-829.7-834.2
Support: 817.8-813.3-809.6
ZINC - 284.9
Resistance: 285.9-287-288.8
Support: 283-281.2-280.1
ALUMINIUM - 239
Resistance: 240.6-242-244.5
Support: 236.7-234.2-232.8
LEAD - 182.55
Resistance: 183.4-184.1-184.7
Support: 182.1-181.5-180.8
KEDIA COMMODITY MARKET ALERTS
21 Oct, 03:38
ENERGY LEVELS
CRUDEOIL - 5839
Resistance: 5949-6060-6156
Support: 5742-5646-5535
NATURALGAS - 190.9
Resistance: 197-203-206.5
Support: 187.5-184-178
CRUDEOIL$ - 68.83
Resistance: 69.07-69.32-80.52
Support: 68.52-68.22-57.02
NATURALGAS$ - 2.259
Resistance: 2.27-2.281-2.501
Support: 2.237-2.215-1.995
CRUDEOIL - 5839
Resistance: 5949-6060-6156
Support: 5742-5646-5535
NATURALGAS - 190.9
Resistance: 197-203-206.5
Support: 187.5-184-178
CRUDEOIL$ - 68.83
Resistance: 69.07-69.32-80.52
Support: 68.52-68.22-57.02
NATURALGAS$ - 2.259
Resistance: 2.27-2.281-2.501
Support: 2.237-2.215-1.995
KEDIA COMMODITY MARKET ALERTS
21 Oct, 03:37
BULLION LEVELS
MCXBULLDEX - 19393
Resistance: 19489-19584-19729
Support: 19249-19104-19009
GOLD - 77749
Resistance: 77955-78170-78500
Support: 77410-77080-76865
SILVER - 95402
Resistance: 96615-97830-100140
Support: 93090-90780-89565
GOLD$ - 2723.51
Resistance: 2725.39-2727.58-2738.78
Support: 2720.81-2718.42-2707.22
SILVER$ - 33.7945
Resistance: 33.93-34.06-34.28
Support: 33.69-33.58-33.36
[8:28 am, 21/10/2024] ~pinky Yadav:
MCXBULLDEX - 19393
Resistance: 19489-19584-19729
Support: 19249-19104-19009
GOLD - 77749
Resistance: 77955-78170-78500
Support: 77410-77080-76865
SILVER - 95402
Resistance: 96615-97830-100140
Support: 93090-90780-89565
GOLD$ - 2723.51
Resistance: 2725.39-2727.58-2738.78
Support: 2720.81-2718.42-2707.22
SILVER$ - 33.7945
Resistance: 33.93-34.06-34.28
Support: 33.69-33.58-33.36
[8:28 am, 21/10/2024] ~pinky Yadav:
KEDIA COMMODITY MARKET ALERTS
21 Oct, 03:37
CURRENCY LEVELS
USDINR - 84.0775
Resistance: 84.09-84.11-84.12
Support: 84.06-84.05-84.03
EURINR - 91.2675
Resistance: 91.33-91.39-91.48
Support: 91.18-91.09-91.03
GBPINR - 109.6825
Resistance: 109.92-110.16-110.44
Support: 109.4-109.12-108.88
JPYINR - 56.0825
Resistance: 56.31-56.52-56.66
Support: 55.96-55.82-55.61
USDINR - 84.0775
Resistance: 84.09-84.11-84.12
Support: 84.06-84.05-84.03
EURINR - 91.2675
Resistance: 91.33-91.39-91.48
Support: 91.18-91.09-91.03
GBPINR - 109.6825
Resistance: 109.92-110.16-110.44
Support: 109.4-109.12-108.88
JPYINR - 56.0825
Resistance: 56.31-56.52-56.66
Support: 55.96-55.82-55.61
KEDIA COMMODITY MARKET ALERTS
21 Oct, 03:36
AGRI COMMODITY MARKET UPDATE -
# Menthaoil dropped on profit booking after prices gained amid shrinking supplies
# Cotton dropped as yarn markets face weak demand and payment constraints.
# Turmeric prices gained amid reports of crop damage due to heavy rains.
# Jeera gains on short covering as Middle East tension boosts jeera exports from Gujarat.
# Dhaniya prices gained as India's festival season demand is expected to surge
# Castor dropped on profit booking amid reduction in the export of castorseed meal in H1.
# Menthaoil dropped on profit booking after prices gained amid shrinking supplies
# Cotton dropped as yarn markets face weak demand and payment constraints.
# Turmeric prices gained amid reports of crop damage due to heavy rains.
# Jeera gains on short covering as Middle East tension boosts jeera exports from Gujarat.
# Dhaniya prices gained as India's festival season demand is expected to surge
# Castor dropped on profit booking amid reduction in the export of castorseed meal in H1.
KEDIA COMMODITY MARKET ALERTS
21 Oct, 03:36
COMMODITY MARKET UPDATE -
# Gold reached a new record high driven by global demand for safe-haven assets and expectations of further interest rate cuts.
# Silver prices climbed tracking a rally in gold prices as uncertainties around the upcoming US election.
# Crude oil dropped due to concerns about outlook for demand and easing fears of supply disruptions.
# Natural gas dropped on forecasts for mild weather over the next two weeks that should keep heating demand lower.
# Copper rose supported by new measures to boost liquidity in the Chinese stock market
# Zinc prices rose amid better-than-expected economic data in China lifted market sentiment.
# Aluminium gains driven by aggressive stimulus packages announced by China that boosted the demand outlook.
# Gold reached a new record high driven by global demand for safe-haven assets and expectations of further interest rate cuts.
# Silver prices climbed tracking a rally in gold prices as uncertainties around the upcoming US election.
# Crude oil dropped due to concerns about outlook for demand and easing fears of supply disruptions.
# Natural gas dropped on forecasts for mild weather over the next two weeks that should keep heating demand lower.
# Copper rose supported by new measures to boost liquidity in the Chinese stock market
# Zinc prices rose amid better-than-expected economic data in China lifted market sentiment.
# Aluminium gains driven by aggressive stimulus packages announced by China that boosted the demand outlook.
KEDIA COMMODITY MARKET ALERTS
21 Oct, 03:35
CURRENCY MARKET UPDATE -
# Rupee fell pressured by equity outflows but managed to avert a sharp fall on account of sustained dollar sales.
# Euro dropped as investors continued to assess the implications of the ECB's latest policy decision.
# GBP rose as UK monthly Retail Sales unexpectedly rose.
# JPY dropped as slowing domestic inflation countered hawkish bets on Bank of Japan monetary policy.
# Rupee fell pressured by equity outflows but managed to avert a sharp fall on account of sustained dollar sales.
# Euro dropped as investors continued to assess the implications of the ECB's latest policy decision.
# GBP rose as UK monthly Retail Sales unexpectedly rose.
# JPY dropped as slowing domestic inflation countered hawkish bets on Bank of Japan monetary policy.
KEDIA COMMODITY MARKET ALERTS
18 Oct, 12:33
6:00PM USD ZONE DATA
Building Permits
Actual: 1.43M
Forecast: 1.45M
Previous: 1.48M
Housing Starts
Actual: 1.35M
Forecast: 1.35M
Previous: 1.36M
Building Permits
Actual: 1.43M
Forecast: 1.45M
Previous: 1.48M
Housing Starts
Actual: 1.35M
Forecast: 1.35M
Previous: 1.36M
KEDIA COMMODITY MARKET ALERTS
18 Oct, 08:05
Daily LME Daily Stocks As On 18102024
Daily LME Daily Stocks is as follows: Aluminium down by -2500MT, Copper down by -3225MT, Lead unchanged, Nickel up by 48MT & Zinc down by -2775MT.
Daily LME Cancelled Warrants is as follows: Aluminium down by -1275MT, Copper down by -3100MT, Lead up by 750MT, Nickel unchanged & Zinc down by -2675MT.
Daily LME Daily Stocks is as follows: Aluminium down by -2500MT, Copper down by -3225MT, Lead unchanged, Nickel up by 48MT & Zinc down by -2775MT.
Daily LME Cancelled Warrants is as follows: Aluminium down by -1275MT, Copper down by -3100MT, Lead up by 750MT, Nickel unchanged & Zinc down by -2675MT.
KEDIA COMMODITY MARKET ALERTS
18 Oct, 08:02
1:30PM Euro Current Account Data
Actual: 31.5B
Expected: 42.2B
Previous: 39.6B
Negative for Euro.
Actual: 31.5B
Expected: 42.2B
Previous: 39.6B
Negative for Euro.
KEDIA COMMODITY MARKET ALERTS
18 Oct, 06:01
11:30AM GBP Retail Sales m/m Data
Actual: 0.3%
Expected: -0.4%
Previous: 1.0%
Positive for GBP.
Actual: 0.3%
Expected: -0.4%
Previous: 1.0%
Positive for GBP.
KEDIA COMMODITY MARKET ALERTS
18 Oct, 03:48
MENTHAOIL DAILY LEVELS
MENTHAOIL - 913.6
Resistance: 917-920-923
Support: 911-908-905
MENTHAOIL - 913.6
Resistance: 917-920-923
Support: 911-908-905
KEDIA COMMODITY MARKET ALERTS
18 Oct, 03:47
CASTOR LEVELS
CASTOR - 6857
Resistance: 6905-6952-6978
Support: 6832-6806-6759
CASTOR - 6857
Resistance: 6905-6952-6978
Support: 6832-6806-6759
KEDIA COMMODITY MARKET ALERTS
18 Oct, 03:46
SPICES LEVELS
TURMERIC - 13596
Resistance: 13786-13978-14288
Support: 13284-12974-12782
JEERA - 24935
Resistance: 25130-25310-25620
Support: 24640-24330-24150
DHANIYA - 7426
Resistance: 7512-7598-7658
Support: 7366-7306-7220
TURMERIC - 13596
Resistance: 13786-13978-14288
Support: 13284-12974-12782
JEERA - 24935
Resistance: 25130-25310-25620
Support: 24640-24330-24150
DHANIYA - 7426
Resistance: 7512-7598-7658
Support: 7366-7306-7220
KEDIA COMMODITY MARKET ALERTS
18 Oct, 03:46
COTTON COMPLEX LEVELS
COTTON - 56910
Resistance: 57300-57700-57970
Support: 56630-56360-55960
COCUDAKL - 3006
Resistance: 3032-3058-3104
Support: 2960-2914-2888
KAPAS - 1571
Resistance: 1574-1576-1579
Support: 1569-1566-1564
COTTON - 56910
Resistance: 57300-57700-57970
Support: 56630-56360-55960
COCUDAKL - 3006
Resistance: 3032-3058-3104
Support: 2960-2914-2888
KAPAS - 1571
Resistance: 1574-1576-1579
Support: 1569-1566-1564
KEDIA COMMODITY MARKET ALERTS
18 Oct, 03:45
GUAR COMPLEX LEVELS
GUARSEED - 5535
Resistance: 5562-5588-5629
Support: 5495-5454-5428
GUARGUM - 11240
Resistance: 11320-11400-11510
Support: 11130-11020-10940
GUARSEED - 5535
Resistance: 5562-5588-5629
Support: 5495-5454-5428
GUARGUM - 11240
Resistance: 11320-11400-11510
Support: 11130-11020-10940
KEDIA COMMODITY MARKET ALERTS
18 Oct, 03:44
BASEMETALS LEVELS
COPPER - 814.1
Resistance: 820-825.7-831.2
Support: 808.8-803.3-797.6
ZINC - 281.9
Resistance: 284.1-286.1-289.6
Support: 278.6-275.1-273.1
ALUMINIUM - 235.2
Resistance: 237-238.6-239.9
Support: 234.1-232.8-231.2
LEAD - 182.6
Resistance: 183.2-183.9-184.8
Support: 181.6-180.7-180
COPPER - 814.1
Resistance: 820-825.7-831.2
Support: 808.8-803.3-797.6
ZINC - 281.9
Resistance: 284.1-286.1-289.6
Support: 278.6-275.1-273.1
ALUMINIUM - 235.2
Resistance: 237-238.6-239.9
Support: 234.1-232.8-231.2
LEAD - 182.6
Resistance: 183.2-183.9-184.8
Support: 181.6-180.7-180
KEDIA COMMODITY MARKET ALERTS
18 Oct, 03:44
ENERGY LEVELS
CRUDEOIL - 5897
Resistance: 5964-6032-6096
Support: 5832-5768-5700
NATURALGAS - 197.6
Resistance: 201.6-205.7-207.9
Support: 195.3-193.1-189
CRUDEOIL$ - 70.84
Resistance: 71.48-72.13-83.33
Support: 69.81-68.79-57.59
NATURALGAS$ - 2.349
Resistance: 2.398-2.447-2.667
Support: 2.319-2.289-2.069
CRUDEOIL - 5897
Resistance: 5964-6032-6096
Support: 5832-5768-5700
NATURALGAS - 197.6
Resistance: 201.6-205.7-207.9
Support: 195.3-193.1-189
CRUDEOIL$ - 70.84
Resistance: 71.48-72.13-83.33
Support: 69.81-68.79-57.59
NATURALGAS$ - 2.349
Resistance: 2.398-2.447-2.667
Support: 2.319-2.289-2.069
KEDIA COMMODITY MARKET ALERTS
18 Oct, 03:44
BULLION LEVELS
MCXBULLDEX - 19086
Resistance: 19140-19194-19278
Support: 19002-18918-18864
GOLD - 77107
Resistance: 77340-77570-77930
Support: 76750-76390-76160
SILVER - 91744
Resistance: 92660-93575-94390
Support: 90930-90115-89200
GOLD$ - 2693.88
Resistance: 2702.62-2711.38-2722.58
Support: 2679.24-2664.62-2653.42
SILVER$ - 31.695
Resistance: 32.06-32.41-32.63
Support: 31.33-30.95-30.73
MCXBULLDEX - 19086
Resistance: 19140-19194-19278
Support: 19002-18918-18864
GOLD - 77107
Resistance: 77340-77570-77930
Support: 76750-76390-76160
SILVER - 91744
Resistance: 92660-93575-94390
Support: 90930-90115-89200
GOLD$ - 2693.88
Resistance: 2702.62-2711.38-2722.58
Support: 2679.24-2664.62-2653.42
SILVER$ - 31.695
Resistance: 32.06-32.41-32.63
Support: 31.33-30.95-30.73
KEDIA COMMODITY MARKET ALERTS
18 Oct, 03:43
CURRENCY LEVELS
USDINR - 84.0875
Resistance: 84.12-84.15-84.2
Support: 84.04-83.99-83.96
EURINR - 91.3825
Resistance: 91.52-91.65-91.8
Support: 91.24-91.09-90.96
GBPINR - 109.3275
Resistance: 109.54-109.74-110.11
Support: 108.97-108.6-108.4
JPYINR - 56.3575
Resistance: 56.53-56.7-56.9
Support: 56.16-55.96-55.79
USDINR - 84.0875
Resistance: 84.12-84.15-84.2
Support: 84.04-83.99-83.96
EURINR - 91.3825
Resistance: 91.52-91.65-91.8
Support: 91.24-91.09-90.96
GBPINR - 109.3275
Resistance: 109.54-109.74-110.11
Support: 108.97-108.6-108.4
JPYINR - 56.3575
Resistance: 56.53-56.7-56.9
Support: 56.16-55.96-55.79
KEDIA COMMODITY MARKET ALERTS
18 Oct, 03:42
AGRI COMMODITY MARKET UPDATE -
# Menthaoil dropped on profit booking after prices gained amid shrinking supplies
# Cotton dropped as yarn markets face weak demand and payment constraints.
# Turmeric dropped due to lower demand amid a rise in arrivals.
# Jeera prices dropped as it is estimated that 30 percent of cumin is still available with the farmers.
# Dhaniya dropped on profit booking after prices gained as India's festival season demand is expected to surge
# Castor dropped on profit booking amid reduction in the export of castorseed meal in H1.
# Menthaoil dropped on profit booking after prices gained amid shrinking supplies
# Cotton dropped as yarn markets face weak demand and payment constraints.
# Turmeric dropped due to lower demand amid a rise in arrivals.
# Jeera prices dropped as it is estimated that 30 percent of cumin is still available with the farmers.
# Dhaniya dropped on profit booking after prices gained as India's festival season demand is expected to surge
# Castor dropped on profit booking amid reduction in the export of castorseed meal in H1.
KEDIA COMMODITY MARKET ALERTS
18 Oct, 03:40
COMMODITY MARKET UPDATE -
# Gold hits record high as US rate cut bets and election jitters spur demand
# Silver dropped as dollar traded at 11-week highs, underpinned by strong US economic data
# Crude oil dropped due to concerns over demand outlook and a looming surplus.
# Natural gas eased on forecasts for mild weather over the next two weeks
# Copper slipped amid a lack of forceful policy support measures for the beleaguered property sector in China.
# Zinc dropped as funds exited industrial metals and switched to gold to reduce exposure to China's struggling economy.
# Aluminium dropped weighed down by a lack of aggressive stimulus measures in China for the property market.
# Gold hits record high as US rate cut bets and election jitters spur demand
# Silver dropped as dollar traded at 11-week highs, underpinned by strong US economic data
# Crude oil dropped due to concerns over demand outlook and a looming surplus.
# Natural gas eased on forecasts for mild weather over the next two weeks
# Copper slipped amid a lack of forceful policy support measures for the beleaguered property sector in China.
# Zinc dropped as funds exited industrial metals and switched to gold to reduce exposure to China's struggling economy.
# Aluminium dropped weighed down by a lack of aggressive stimulus measures in China for the property market.
KEDIA COMMODITY MARKET ALERTS
18 Oct, 03:39
CURRENCY MARKET UPDATE -
# Rupee weakened weighed down by strong dollar demand from foreign banks, likely due to outflows from equities.
# Euro dropped as the dollar rose amid signs of strength in the US economy supported.
# GBP fell sharply after inflation in the UK fell more than expected
# JPY dropped as investors reacted to disappointing trade figures.
# Rupee weakened weighed down by strong dollar demand from foreign banks, likely due to outflows from equities.
# Euro dropped as the dollar rose amid signs of strength in the US economy supported.
# GBP fell sharply after inflation in the UK fell more than expected
# JPY dropped as investors reacted to disappointing trade figures.
KEDIA COMMODITY MARKET ALERTS
17 Oct, 15:03
8:30PM USD ZONE DATA
Crude Oil Inventories
Actual: -2.191M
Forecast: 1.800M
Previous: 5.810M
EIA Refinery Crude Runs (WoW)
Actual: 0.165M
Previous: -0.101M
Crude Oil Imports
Actual: -1.039M
Previous: -0.305M
Cushing Crude Oil Inventories
Actual: 0.108M
Previous: 1.247M
Distillate Fuel Production
Actual: -0.234M
Previous: 0.194M
EIA Weekly Distillates Stocks
Actual: -3.534M
Forecast: -2.500M
Previous: -3.124M
Gasoline Production
Actual: -0.941M
Previous: 0.627M
Heating Oil Stockpiles
Actual: -0.343M
Previous: 0.497M
EIA Weekly Refinery Utilization Rates (WoW)
Actual: 0.01
Previous: -0.90%
Gasoline Inventories
Actual: -2.201M
Forecast: -1.400M
Previous: -6.304M
DATA IS SUPPORTIVE FOR CRUDE OIL
Crude Oil Inventories
Actual: -2.191M
Forecast: 1.800M
Previous: 5.810M
EIA Refinery Crude Runs (WoW)
Actual: 0.165M
Previous: -0.101M
Crude Oil Imports
Actual: -1.039M
Previous: -0.305M
Cushing Crude Oil Inventories
Actual: 0.108M
Previous: 1.247M
Distillate Fuel Production
Actual: -0.234M
Previous: 0.194M
EIA Weekly Distillates Stocks
Actual: -3.534M
Forecast: -2.500M
Previous: -3.124M
Gasoline Production
Actual: -0.941M
Previous: 0.627M
Heating Oil Stockpiles
Actual: -0.343M
Previous: 0.497M
EIA Weekly Refinery Utilization Rates (WoW)
Actual: 0.01
Previous: -0.90%
Gasoline Inventories
Actual: -2.201M
Forecast: -1.400M
Previous: -6.304M
DATA IS SUPPORTIVE FOR CRUDE OIL
KEDIA COMMODITY MARKET ALERTS
17 Oct, 14:32
8:00PM USD ZONE DATA
Natural Gas Storage
Actual: 76B
Forecast: 80B
Previous: 82B
DATA IS SUPPORTIVE FOR NATURAL GAS
Natural Gas Storage
Actual: 76B
Forecast: 80B
Previous: 82B
DATA IS SUPPORTIVE FOR NATURAL GAS
KEDIA COMMODITY MARKET ALERTS
17 Oct, 14:02
7:30PM USD ZONE DATA
Business Inventories m/m
Actual: 0.3%
Forecast: 0.3%
Previous: 0.4%
NAHB Housing Market Index
Actual: 43
Forecast: 43
Previous: 41
DATA IS FLAT FOR DOLLAR
Business Inventories m/m
Actual: 0.3%
Forecast: 0.3%
Previous: 0.4%
NAHB Housing Market Index
Actual: 43
Forecast: 43
Previous: 41
DATA IS FLAT FOR DOLLAR
KEDIA COMMODITY MARKET ALERTS
17 Oct, 13:16
6:45PM USD ZONE DATA
Capacity Utilization Rate
Actual: 77.5%
Forecast: 77.9%
Previous: 78.0%
Industrial Production m/m
Actual: -0.3%
Forecast: -0.1%
Previous: 0.8%
DATA IS WEAK FOR DOLLAR
Capacity Utilization Rate
Actual: 77.5%
Forecast: 77.9%
Previous: 78.0%
Industrial Production m/m
Actual: -0.3%
Forecast: -0.1%
Previous: 0.8%
DATA IS WEAK FOR DOLLAR
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