Unemployment Claims:  POSITIVE for USD
 Actual: 227K
Survey: 230K
Prior: 229K
 
Source: forexfactory
Disclaimer-  https://www.kotaksecurities.com/disclaimer/commodities
 

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KCALRT: INTRADAY : BUY MCX NATURALGAS MAY 285 PE BETWEEN 6.70 – 6.90 TP 10 SL 5 (CMP-6.70)

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KCALRT: INTRADAY UPDATE : BUY MCX SILVERM JUN 97000 CE, BOOK PROFIT AT(CMP- 3000)
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KCALRT: INTRADAY: BUY MCX SILVERM JUN 98000 CE BETWEEN 2653 – 2680 TP 2950 SL 2450 (CMP- 2653)

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KCALRT: INTRADAY: BUY MCX NATURALGAS MAY 290 PE BETWEEN 11.10 – 11.20 TP 13.70 SL 09.80 (CMP- 11.10)
Disc: https://www.kotaksecurities.com/disclaimer/commodities - Kotak Securities
 

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KCALRT : INTRADAY UPDATE : BUY MCX CRUDEOIL JUN, BOOK PROFIT (CMP-5252)

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KCALRT: INTRADAY UPDATE: BUY MCX SILVERM JUN 98000 CE, SL TRADED AT 2450

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Flash Manufacturing PMI:  POSITIVE for USD
 Actual: 52.3
Survey: 49.9
Prior: 50.24
 
Flash Services PMI: POSITIVE for USD
 Actual: 52.3
Survey: 51
Prior: 50.8
Hide quoted text
 
Source: forexfactory
Disclaimer-  https://www.kotaksecurities.com/disclaimer/commodities

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KCALRT: INTRADAY: BUY MCX SILVERM JUN 98000 PE BETWEEN 3000 – 3040 TP 3300 SL 2800 (CMP- 3000)
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KCALRT: INTRADAY UPDATE: BUY MCX GOLDM MAY 95000 CE, SL TRADED AT 1130

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Existing Home Sales: NEGATIVE for USD

Actual: 4 M

Survey: 4.15M

Prior: 4.02M




Source: forexfactory

Disclaimer- https://www.kotaksecurities.com/disclaimer/commodities

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KCALRT: INTRADAY: BUY MCX NATURALGAS MAY 290 PE, SL TARDED AT 9.80

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KCALRT : INTRADAY: BUY MCX CRUDEOIL JUN 5200 CE BETWEEN 235– 235.30 TP 258 SL 219 (CMP-235)


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Natural Gas Storage:  NEGATIVE for Natural Gas
 Actual:  120 B
Survey: 118B
Prior: 110B
 
Source: forexfactory
Disclaimer-  https://www.kotaksecurities.com/disclaimer/commodities
 

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KCALRT: INTRADAY UPDATE: BUY MCX SILVERM JUN 98000 PE, SL TRADED AT 2800

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Oil declined for a third day as US
stockpiles gained and OPEC+ members discussed another super-
sized production increase for July, just as demand faces
headwinds from the US-led trade war.
West Texas Intermediate slid more than 1.5% to trade below
$61 a barrel. Brent dropped below $64, touching the lowest in a
week. If OPEC+ approves the potential increase of 411,000
barrels a day when it meets on June 1, it will mark the third
month in a row the cartel has agreed to boost supplies by triple
the initially scheduled amount.
“The most likely outcome is another headline increase of
411,000 barrels a day from July, which will be primarily Saudi
barrels,” said Helima Croft, head of global commodity strategy
at RBC Capital Markets LLC.
Crude is under pressure as the Organization of the
Petroleum Exporting Countries and its allies push barrels back
into a market that’s already looking well supplied, amplifying
concerns about a glut. The US-led trade war has stirred fears of
slower economic growth and weaker energy demand, deepening the
price losses.
Oil inventories are rising in the US, still the world’s
biggest consumer of the commodity. US commercial inventories of
crude rose for a second week, according to data on Wednesday,
while gauges of gasoline and distillate demand were weak, even
as the summer driving season approaches. (Bloomberg)

Wall Street showed signs of stabilization just a day after a Treasury selloff that shook markets around the globe, with stocks seeing small moves amid a rebound in bonds from session lows. The dollar rose.

Following the worst equity rout in a month, the S&P 500 wavered. While most of its industries retreated, the world’s biggest technology companies saw a rally. Alphabet Inc. extended a two-day surge to about 7%. Long-term US government bonds, which had led the recent selling on concerns about the nation’s surging debt load, pared most of their earlier losses.

“Equities are cooling off from short-term overbought
conditions. Still, a healthy pause/consolidation phase seems
more likely than another significant decline, as market breadth
remains constructive,” said Craig Johnson at Piper Sandler.
With traders taking cues from the bond market, the still
elevated level of yields kept a lid on riskier bets. Investors
are concerned that President Donald Trump’s signature tax bill
that narrowly passed the House would boost the nation’s already
swelling deficit.

That reinforces what many in financial markets have been
highlighting: Unless the US gets its finances in order and soon,
the perceived risks of lending to the government will increase,
and borrowing costs on long-term Treasury debt will climb even
further. That would make reducing the deficit even harder and
lift the cost of money for households and companies throughout the economy.

“Market volatility has resurfaced amid renewed uncertainty
surrounding trade policy and the fiscal outlook,” said Mark
Haefele at UBS Global Wealth Management: “With bond yields
elevated and tariff and budget risks in focus, this volatility
may persist as investors monitor further developments in
policy.”

On the economic front, US business activity and output
expectations improved as trade-related anxiety eased even as
price pressures continued to mount. In a sign of a still healthy
labor market, initial jobless claims dropped to the lowest in
four weeks. Meantime, existing home sales unexpectedly fell to
the slowest pace in seven months. (Bloomberg)

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KCALRT : INTRADAY UPDATE : SELL MCX NATURAL GAS MAY, BOOK PROFIT AT (CMP-280.7)
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