WEEKLY CURRENCY COMMODITY REPORT (20SEP)

1. September 20, 2021 Weekly Currency and Commodity Levels CURRENCY OUTLOOK RBI REFERENCE RATE FUNDAMENTALS OF CURRENCY: The dollar index rallied to around 93.2 on Friday, the highest since August 22nd, after the Michigan Consumer Sentiment came below forecasts, raising further uncertainty on when the Federal Reserve will start cutting stimulus. Early in the week, fresh data showed retail sales unexpectedly rose in August and the inflation slowed more than forecasted but remained high. Investors now await the FOMC meeting next INDEX CLOSE PREV. CLOSE CHANGE IN % USDINR 73.6887 73.6519 0.05 GBPINR 101.4900 101.3769 0.11 EURINR 87.1266 87.1533 -0.03 JPYINR 66.94 66.69 0.37 FII FIGURES week for further clarity on when the Fed will start cutting stimulus. On the week, the dollar gained 0.7%, a second straight week of rises. The British pound changed hands at $1.38 on Friday, its lowest level for over a week, after economic data showed UK retail sales unexpectedly declined for a fourth consecutive month during August. Meanwhile, the country's inflation rate jumped more than expected to a near nine-year high, reigniting concern about a sooner-than-expected policy tightening by the Bank of England. The Japanese yen appreciated slightly to around 109.4 in mid-September, the strongest in a month, amid worries over a slowdown in global growth, uncertainties over Fed's tapering timeline, and strong local data. The Japanese economy grew faster than expected in Q2 and exports grew at the double-digit rate for a sixth consecutive month in August. Meanwhile, BOJ Governor Haruhiko Kuroda said the "Japanese economy will recover as the impact of COVID-19 wanes due to further progress in vaccinations and that consumer inflation will be well below 2% in 2023, at around 1% or slightly more than 1%". Source: tradingeconomics.com DATE EQUITY BOND 17-SEP 1552.59 -1398.55 16-SEP 1621.88 795.13 15-SEP 232.84 167.67 14-SEP 1649.6 -310.31 ¶ 13-SEP 1419.31 -559.59 NET 6476.22 -1305.65 U S DOLLAR INDEX 1 www.swastika.co.in research@swastika.co.in

2. September 20, 2021 Weekly Currency and Commodity Levels USDINR TECHNICAL CHART Pivot levels for Domestic Currencies Pivot levels for Global Currencies Technical indicators (Daily): RSI- 48.8691 MACD- -0.1320 MOVING AVERAGES (20,50,100)- (73.5178/74.0411/73.7941) WEEKLY PIVOT LEVELS S3 S2 S1 PIVOT R1 R2 R3 74.29 74.04 73.84 73.58 73.39 73.13 72.93 PAIR R2 R1 P S1 S2 PAIR R2 R1 P S1 S2 USDINR 74.04 73.84 73.58 73.39 73.13 EURUSD 1.1885 1.1805 1.1765 1.1685 1.1645 EURINR 87.84 87.09 86.58 85.83 85.32 GBPUSD 1.3972 1.3850 1.3789 1.3667 1.3606 GBPINR 103.26 102.18 101.47 100.39 99.68 USDJPY JPYINR 110.7833 110.3767 109.7433 109.3367 108.7033 67.97 67.46 67.08 66.57 66.19 Currency Majors CLOSEPRICE CURRENCY FXMAJORS DAY WEEK MONTHLY YTD 1.1725 1.37284 0.7265 109.97 6.473 0.93208 1.27455 20.0125 73.64 5.289 72.8 93.23 1175.97 14.7659 1.3485 7.78109 EURUSD GBPUSD AUDUSD USDJPY USDCNY USDCHF USDCAD USDMXN USDINR USDBRL USDRUB DXY USDKRW USDZAR USDSGD USDHKD EURO -0.34% -0.50% -0.36% 0.24% 0.30% 0.50% 0.50% 0.37% 0.10% 0.68% 0.84% 0.32% 0.40% 1.20% 0.22% -0.02% -0.72% -0.74% -1.18% 0.06% 0.47% 1.52% 0.53% 0.61% 0.17% 0.83% -0.52% 0.70% 0.82% 4.00% 0.50% 0.04% 0.12% -0.16% 0.42% 0.15% -0.20% 1.63% 0.72% -0.12% -0.86% -1.68% -0.89% 0.10% 0.77% -1.16% -0.90% -0.09% -4.02% 0.40% -5.75% 6.51% -0.45% 5.31% 0.12% 0.57% 0.83% 1.84% -1.34% 3.66% 8.48% 0.53% 2.00% 0.37% 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. September 20, 2021 Weekly Currency and Commodity Levels COMMODITY MARKET OUTLOOK FUNDAMENTALS OF COMMODITY: WTI crude futures fell to below $72 a barrel on Thursday, having hit a 6-week high of $73.14 in the previous session, as tropical storm Nicholas didn't hurt Texas refineries allowing energy companies to swiftly fix pipeline services and electricity as they recover from Hurricane Ida. The oil market has been recently supported by a drop in US crude inventories, supply disruptions and prospects of higher demand. EIA data showed crude stocks in the US fell by 6.42 million in the latest week, almost the double of market forecasts and inventories at Cushing, Oklahoma also fell. Gold was around $1760 an ounce level on Friday, close to levels not seen since mid- August, and is heading for a more than 1% drop on the week. It is the second weekly loss, amid firmer dollar and as traders awaits the FOMC meeting next week for clues on how soon the central bank will start to reduce stimulus. In recent data, US retail sales unexpectedly grew in August while the number of Americans filing new claims for unemployment benefits thousand last week from a pandemic low of 312 thousand. Iron ore with 63.5% iron content for delivery to Tianjin fell further to almost $110 a tonne, less than a half of a record high of $230 hit in May and the lowest level since August 2020 after China, the world’s biggest steelmaker doubled down on production curbs and as a sharp downturn in China’s property sector brought down the demand. Source: www.tradingeconomics.com Pivot levels for MCX Bullion: COMMODITY R3 R2 R1 P S1 S2 S3 GOLD 48441 47881 46933 46373 45425 44865 43917 SILVER 66256 64961 62477 61182 58698 57403 54919 Pivot levels for MCX Energy: COMMODITY R3 R2 R1 P S1 S2 S3 CRUDEOIL 5627 5502 5391 5266 5155 5030 4919 NATURAL GAS 464.7 439.7 411.1 386.1 357.5 332.5 303.9 Pivot levels for MCX Metals: COMMODITY R3 R2 R1 P S1 S2 S3 ALUMINIUM 243.7 239.5 233.4 229.2 223.1 218.9 212.8 NICKEL 1595.1 1564.4 1518.2 1487.5 1441.3 1410.6 1364.4 ZINC 271.7 265.7 261.0 254.9 250.2 244.2 239.5 COPPER 766.7 756.5 738.8 728.6 710.9 700.7 683.0 LEAD 177.8 179.0 182.6 183.8 187.4 188.6 192.2 rose to 332 3 www.swastika.co.in research@swastika.co.in

4. September 20, 2021 Weekly Currency and Commodity Levels Commodity Majors COMMODITY PRICE DAY WEEKLY MONTHLY YTD CRUDE OIL 71.94 -0.92% 3.18% 10.32% 48.27% BRENT 75.29 -0.50% 3.25% 10.35% 45.35% NATURAL GAS 5.055 -0.92% 3.18% 10.32% 48.27% GOLD 1754.34 -5.25% 2.37% 31.23% 99.09% SILVER 22.38 0.05% -1.85% -1.86% -7.50% PLATINUM 941 -2.40% -5.64% -4.69% -15.09% PALLADIUM 2016.27 0.86% -1.52% -5.37% -11.72% COPPER 4.2355 -0.85% -5.74% -16.91% -17.62% 2175 LEAD -1.01% -4.78% 2.90% 20.36% 2872.5 ALUMINIUM -1.26% -6.99% -12.79% 10.08% 34222.5 TIN -0.62% -1.80% 12.61% 45.02% 3067.5 ZINC 0.21% 2.29% -3.33% 68.46% NICKEL 19389 1.62% 4.15% 3.09% 19.79% MCX GOLD CHART Technical indicators (Daily): RSI- 35.3133 MACD- -224.7686 MOVING AVERAGES (20,50,100)- (47068/47320/47640) WEEKLY PIVOT LEVELS S3 S2 S1 PIVOT R1 R2 R3 48441 47881 46933 46373 45425 44865 43917 4 www.swastika.co.in research@swastika.co.in

5. September 20, 2021 Weekly Currency and Commodity Levels MCX CRUDE OIL CHART Technical indicators (Daily): RSI-58.5989 MACD- 47.8232 MOVING AVERAGES (20,50,100)- (5098/5155/5124) WEEKLY PIVOT LEVELS MCX COPPER CHART WEEKLY PIVOT LEVELS S3 S2 S1 PIVOT R1 R2 R3 5627 5502 5391 5266 5155 5030 4919 Technical indicators (Daily): RSI- 50.3827 MACD- 0.9202 MOVING AVERAGES (20,50,100) - (718.47/706.6/735.09) S3 S2 S1 PIVOT R1 R2 R3 766.7 756.5 738.8 728.6 710.9 700.7 683.0 5 www.swastika.co.in research@swastika.co.in

6. September 20, 2021 Weekly Currency and Commodity Levels UPCOMING ECONOMIC EVENTS DATE TIME COUNTRY DATA FORECAST PREVIOUS Wed Sep 22 Tentative JPY Monetary Policy Statement Tentative JPY BOJ Press Conference 8:00pm USD Crude Oil Inventories -6.4M 11:30pm USD FOMC Economic Projections USD FOMC Statement USD Federal Funds Rate <0.25% <0.25% Thu Sep 22 12:00am USD FOMC Press Conference All Day JPY Bank Holiday 12:45am EUR French Flash Manufacturing PMI 57.1 57.5 EUR French Flash Services PMI 56.1 56.3 1:00pm EUR German Flash Manufacturing PMI 61.3 62.6 EUR Flash Services PMI 60.3 60.8 2:00pm GBP Flash Manufacturing PMI 59.0 60.3 GBP Flash Services PMI 55.0 55.0 4:30pm GBP Asset Purchase Facility 875B 875B GBP MPC Asset Purchase Facility Votes 0-1-8 0-0-8 GBP Monetary Policy Summary GBP MPC Official Bank Rate Votes 0-0-9 0-0-8 GBP Official Bank Rate 0.10% 0.10% 6:30pm USD Unemployment Claims 317K 332K 7:15pm USD Flash Manufacturing PMI 61.1 61.1 USD Flash Services PMI 55.1 55.1 USD Natural Gas Storage 83B Fri Sep 24 EUR German ifo Business Climate 99.0 99.4 USD Fed Chair Powell Speaks Sat Sep 25 USD FOMC Member Williams Speaks 6 www.swastika.co.in research@swastika.co.in

7. September 20, 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