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WEEKLY CURRENCY COMMODITY REPORT (09-AUG)

Weekly Commodity Levels- Get the datails you need to make profit in Commodity Market

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WEEKLY CURRENCY COMMODITY REPORT (09-AUG)

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  1. August 09, 2021 Weekly Currency and Commodity Levels CURRENCY OUTLOOK RBI REFERENCE RATE FUNDAMENTALS OF CURRENCY: The US dollar was slightly up at 92.3 against a basket of currencies on Friday as investors await the US jobs report due later in the day, which is expected to show the largest payroll increase in seven months as the world's largest economy consolidates its recovery from the pandemic hit. A stronger-than-expected number could make the case for faster US policy tightening. Earlier in the week, Federal Reserve Vice Chair Richard INDEX CLOSE PREV. CLOSE CHANGE IN % USDINR 74.3871 74.2822 0.14 GBPINR 103.7269 103.5108 0.21 EURINR 88.3882 88.0769 0.35 JPYINR 67.89 67.66 0.34 FII FIGURES Clarida suggested conditions for hiking interest rates might be met as soon as late 2022. The British pound held above $1.39 on Friday on the back of Bank of England's anticipated hawkish turn. The central bank left monetary policy unchanged on Thursday, raising inflation forecasts for 2021, but said that "some modest tightening" of monetary policy over its forecast period was likely to be necessary if the economy continues to improve. Sterling has also been boosted by the British government's decision to lift most social-distancing rules in July amid high vaccination rates. On the economic data front, UK house prices rebounded in July, as a shortage of home on the market helped to soften the impact of a reduced tax break for buyers. The euro depreciated below $1.18 on Friday, moving closer to an over three-month low of $1.175 hit in July, as a stronger than expected US jobs report raised expectations of early tapering by the US Federal Reserve. At the same time, investors expect that the European Central Bank will remain dovish for some time, after policymakers pledged last month to keep interest rates at record-low levels for even longer in an effort to bring inflation back to its 2% target. DATE EQUITY BOND 06-AUG -69.37 -631 05-AUG -719.88 731.92 04-AUG 2828.57 -411.36 03-AUG 2116.6 -298.54 ¶ 02-AUG -1539.88 1505.82 NET 2616.04 896.84 U S DOLLAR INDEX 1 www.swastika.co.in research@swastika.co.in

  2. August 09, 2021 Weekly Currency and Commodity Levels USDINR TECHNICAL CHART Pivot levels for Domestic Currencies Pivot levels for Global Currencies Technical indicators (Daily): RSI- 48.1271 MACD- 0.0025 MOVING AVERAGES (20,50,100)- (74.4229/74.0325/73.872) WEEKLY PIVOT LEVELS S3 S2 S1 PIVOT R1 R2 R3 74.94 74.79 74.54 74.39 74.14 73.99 73.75 PAIR R2 R1 P S1 S2 PAIR R2 R1 P S1 S2 USDINR 74.79 74.54 74.39 74.14 73.99 EURUSD 1.1930 1.1873 1.1843 1.1786 1.1756 EURINR 89.00 88.39 88.07 87.46 87.14 GBPUSD 1.3976 1.3944 1.3908 1.3876 1.3840 GBPINR 104.07 103.70 103.46 103.10 102.85 USDJPY JPYINR 110.3300 110.0300 109.5500 109.2500 108.7700 68.52 68.10 67.85 67.43 67.19 Currency Majors CLOSEPRICE CURRENCY FXMAJORS DAY WEEK MONTHLY YTD EURUSD GBPUSD AUDUSD USDJPY USDCNY USDCHF USDCAD USDMXN USDINR USDBRL USDRUB DXY USDKRW USDZAR USDSGD USDHKD 1.1761 1.38704 0.73525 110.22 6.47517 0.91494 1.25587 20.0455 74.24 5.2306 73.495 92.784 1141.64 14.6208 1.35473 7.77925 -0.61% -0.43% -0.72% 0.43% 0.22% 0.92% 0.49% 0.58% 0.19% -0.35% 0.60% 0.58% 0.27% 0.81% 0.29% 0.04% -0.90% -0.25% 0.14% 0.49% 0.15% 1.01% 0.71% 0.73% -0.13% 0.35% 0.58% 0.66% -0.51% 0.40% 0.01% 0.10% -0.30% 0.49% -1.77% -0.36% 0.03% -1.14% 0.62% 0.46% -0.74% -0.02% -1.34% 0.15% 0.31% 2.21% 0.44% 0.15% -3.73% 1.44% -4.61% 6.75% -0.42% 3.38% -1.37% 0.73% 1.65% 0.71% -0.40% 3.17% 5.31% -0.46% 2.47% 0.34% EURO POUND AUSTRAILIAN DOLLAR YEN YUAN SWISS FRANC CANADIAN DOLLAR MEXICO PESO INDIAN RUPEE BRAZILIAN REAL RUSSIAN RUBBLE DOLLAR INDEX KOREAN WON SOUTH AFRICAN RAND SINGAPORE DOLLAR HONGKONG DOLLAR 2 www.swastika.co.in research@swastika.co.in

  3. August 09, 2021 Weekly Currency and Commodity Levels COMMODITY MARKET OUTLOOK FUNDAMENTALS OF COMMODITY: Silver dropped to below $24.5 an ounce on Friday, the lowest since April 1st following a robust US jobs report, suggesting the labor market in the world’s biggest economy continues to recover from the Covid-19 crisis despite a jump in cases recently amid the Delta strain and supporting bets for early Fed tapering. The white metal has been drawing support from a global shift towards green technologies, such as solar panel production, electric vehicles and charging points. Brent crude futures recovered ground towards $72 a barrel on Friday, after falling below $70 for the first time in two weeks Thursday, as rising tensions in the Middle East and robust economic data out of the US overshadowed rising Covid-19 cases. Brent crude is heading for an almost 5% loss, the most since mid-March as both the US and China are witnessing a spike in coronavirus cases amid the highly contagious delta variant, threatening demand at the peak summer driving season and limiting air traffic. Gold came under heavy selling pressure on Friday, breaking below the $1,770 level for the first time in over a month, pressured by a stronger dollar and soaring US Treasury yields. The Labor Department's closely watched employment nonfarm payrolls grew by 943K, the most in eleven months and easily beating market expectations. Such a reading sparked fears about sooner-than-expected tapering by the Federal Reserve. Pivot levels for MCX Bullion: COMMODITY R3 R2 R1 P S1 S2 S3 GOLD 49776 49113 47882 47219 45988 45325 44094 SILVER 71918 70395 67685 66162 63452 61929 59219 Pivot levels for MCX Energy: COMMODITY R3 R2 R1 P S1 S2 S3 CRUDEOIL 5853 5674 5385 5206 4917 4738 4449 NATURAL GAS 338.8 325.6 317.7 304.5 296.6 283.4 275.5 Pivot levels for MCX Metals: COMMODITY R3 R2 R1 P S1 S2 S3 ALUMINIUM 213.5 211.3 208.5 206.3 203.6 201.4 198.6 NICKEL 1532.1 1514.9 1487.1 1469.9 1442.1 1424.9 1397.1 ZINC 256.0 252.9 250.0 246.9 244.0 240.9 238.0 COPPER 783.3 770.5 751.3 738.5 719.3 706.5 687.3 LEAD 182.5 180.6 178.6 176.7 174.6 172.7 170.7 report showed 3 www.swastika.co.in research@swastika.co.in

  4. August 09, 2021 Weekly Currency and Commodity Levels Commodity Majors COMMODITY PRICE DAY WEEKLY MONTHLY YTD CRUDE OIL 67.89 -1.74% -8.19% -5.97% 39.92% BRENT 70.26 -1.44% -6.83% -4.32% 35.64% NATURAL GAS 4.135 -0.12% 5.65% 14.99% 62.86% GOLD 1762.88 -2.28% -2.80% -2.25% -7.05% SILVER 24.327 -3.20% -4.45% -6.87% -7.71% PLATINUM 980 -2.50% -6.58% -9.68% -8.06% PALLADIUM 2627.34 -0.82% -1.25% -7.85% 7.34% COPPER 4.331 -0.33% -3.34% 0.05% 23.07% LEAD 2297.6 -4.33% -4.85% 0.53% 16.29% ALUMINIUM 2581.5 -0.30% -0.63% 3.79% 30.33% TIN 34757.5 0.19% -0.02% 9.58% 71.09% ZINC 2992.75 -0.84% -1.25% 1.21% 8.79% NICKEL 19194.75 -1.36% -1.80% 4.95% 15.96% MCX GOLD CHART Technical indicators (Daily): RSI- 36.925 MACD- -9.8934 MOVING AVERAGES (20,50,100)- (47856/47893/47400) WEEKLY PIVOT LEVELS S3 S2 S1 PIVOT R1 R2 R3 49776 49113 47882 47219 45988 45325 44094 4 www.swastika.co.in research@swastika.co.in

  5. August 09, 2021 Weekly Currency and Commodity Levels MCX CRUDE OIL CHART Technical indicators (Daily): RSI- 41.1763 MACD- -41.4858 MOVING AVERAGES (20,50,100)- (5307/5305/4972) WEEKLY PIVOT LEVELS MCX COPPER CHART WEEKLY PIVOT LEVELS S3 S2 S1 PIVOT R1 R2 R3 5853 5674 5385 5206 4917 4738 4449 Technical indicators (Daily): RSI- 47.3925 MACD- 2.4531 MOVING AVERAGES (20,50,100) - (739.36/732.43/730.27) S3 S2 S1 PIVOT R1 R2 R3 783.3 770.5 751.3 738.5 719.3 706.5 687.3 5 www.swastika.co.in research@swastika.co.in

  6. August 09, 2021 Weekly Currency and Commodity Levels UPCOMING ECONOMIC EVENTS DATE TIME COUNTRY DATA FORECAST PREVIOUS Mon Aug 9 All Day JPY Bank Holiday 7:30pm USD FOMC Member Bostic Speaks USD JOLTS Job Openings 9.27M 9.21M USD FOMC Member Barkin Speaks Tue Aug 10 2:30pm EUR ZEW Economic Sentiment 55.3 61.2 EUR German ZEW Economic Sentiment 54.9 63.3 Wed Aug 11 6:00pm USD CPI m/m 0.50% 0.90% USD Core CPI m/m 0.40% 0.90% 8:00pm USD Crude Oil Inventories 3.6M USD FOMC Member Bostic Speaks Thu Aug 12 11:30am GBP Prelim GDP q/q 4.80% -1.60% 6:00pm USD PPI m/m 0.60% 1.00% USD Core PPI m/m 0.50% 1.00% USD Unemployment Claims 375K 385K Fri Aug 13 7:30pm USD Prelim UoM Consumer Sentiment 81.2 81.2 6 www.swastika.co.in research@swastika.co.in

  7. August 09, 2021 Weekly Currency and Commodity Levels DISCLAIMER: Disclaimer: This document is solely for the personal information of the intended recipient and must not be exceptionally used as the basis for any investment decision. Nothing in this document should be construed as investment, Legal, taxation or financial advice. Swastika Investmart Ltd. is not soliciting any action based upon it. Each recipient of this document should make necessary investigations as they consider important to arrive at an independent evaluation of an investment in the securities of the companies referred to in this document (including the merits and risks involved). This report has been made based on information that we consider reliable and are publicly available but we do not state that it is accurate or complete and it should not be solely relied upon such, as this document is for. Swastika Investmart Limited, its affiliates, directors, its proprietary trading and investment businesses may, from time to time, make investment decisions that are inconsistent with or contradictory to the recommendations expressed herein. The views contained in this document are those of the analyst, and the company may or may not subscribe to all the views expressed within this document. Swastika Investmart Limited or any of its affiliates/ group companies, or employees shall not be in any way held responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. CORPORATE & ADMINISTRATIVE OFFICE - 48, Jaora Compound, M.Y.H. Road, Indore - 452 001 | Phone0731 - 6644000 / 3345000 Compliance Officer: Ms. Sheetal Duraphe Email: compliance@swastika.co.inPhone: (0731) 6644 241 Swastika Investmart Limited, SEBI Regn. No. : NSE - INB/F/E 231129736, BSE - INB/F 011129732, MSEI - INE 261129736, INB/F 261129739, NSDL & CDSL - IN-DP-115-2015, NCDEX & MCX : INZ000072532, Investment Advisor Regn. No. – INA000009843. 7 www.swastika.co.in research@swastika.co.in

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