10.30PM USD ZONE DATA

30-y Bond Auction
Actual: 4.40|2.5
Previous: 4.64|2.4

DATA AS EXPECTED FOR DOLLAR

CURRENCY MARKET UPDATE -

# Rupee closed nearly unchanged as pressure due to dollar demand from local corporates was blunted by state-run banks' dollar offers
# Euro recovers as concerns about the political situation in France momentarily eased.
# GBP gains as dollar dropped due to slower-than-expected US inflation.
# JPY remained in range as caution prevailed ahead of the Bank of Japan's policy decision

COMMODITY MARKET UPDATE -

# Gold dropped as investors continued to assess the Federal Reserve's updated interest rate projections.
# Silver dropped as investors weighed the higher-for-longer Fed rate outlook.
# Crude oil dropped after data showed an unexpected build in U.S. crude stockpiles.
# Natural gas dropped amid expectations supplies will soon rise
# Copper dropped as dollar steadied on Fed rate cut outlook
# Zinc dropped as China's imports of zinc concentrates fell sharply.
# Aluminium dropped as LME inventories more than doubled in just a month

AGRI COMMODITY MARKET UPDATE -

# Mentha oil dropped on profit booking after prices dropped amid shrinking supplies
# Cotton dropped as USDA showed more than enough cotton while demand remained subdued.
# Turmeric gains as farmers are holding back stocks in anticipation of a further rise.
# Jeera gains amid robust domestic and export demand besides tight global supplies.
# Dhaniya gains on short covring after prices dropped due to good arrivals
# Castor gains on short covering after prices dropped as crushing demand have been slowed down.

CURRENCY LEVELS

USDINR - 83.565
Resistance: 83.6-83.62-83.65
Support: 83.55-83.52-83.5

EURINR - 90.2175
Resistance: 90.29-90.37-90.44
Support: 90.14-90.07-89.99

GBPINR - 106.6975
Resistance: 106.83-106.97-107.07
Support: 106.59-106.49-106.35

JPYINR - 53.4375
Resistance: 53.49-53.55-53.64
Support: 53.34-53.25-53.19

BULLION LEVELS

MCXBULLDEX - 18356
Resistance: 18479-18602-18704
Support: 18254-18152-18029

GOLD - 71138
Resistance: 71605-72065-72380
Support: 70830-70515-70055

SILVER - 87983
Resistance: 89085-90185-91045
Support: 87125-86265-85165

GOLD$ - 2302.4
Resistance: 2320.28-2339.04-2350.24
Support: 2289.24-2276.96-2265.76

SILVER$ - 28.9165
Resistance: 29.5-30.08-30.3
Support: 28.5-28.08-27.86

ENERGY LEVELS

CRUDEOIL - 6568
Resistance: 6607-6647-6705
Support: 6509-6451-6411

NATURALGAS - 247.9
Resistance: 256.5-265.2-272.1
Support: 240.9-234-225.3

CRUDEOIL$ - 77.83
Resistance: 78.59-79.35-90.55
Support: 77.37-76.91-65.71

NATURALGAS$ - 2.928
Resistance: 3.045-3.163-3.383
Support: 2.854-2.781-2.561

BASEMETAL LEVELS

COPPER - 855.65
Resistance: 864.5-873.3-879.7
Support: 849.3-842.9-834.1

ZINC - 259.9
Resistance: 262.1-264.2-266.6
Support: 257.6-255.2-253.1

ALUMINIUM - 233.7
Resistance: 236.4-238.9-240.9
Support: 231.9-229.9-227.4

LEAD - 187.6
Resistance: 188.5-189.3-190.1
Support: 186.9-186.1-185.3

GUAR COMPLEX LEVELS

GUARSEED - 5450
Resistance: 5561-5673-5754
Support: 5368-5287-5175

GUARGUM - 10710
Resistance: 10954-11196-11388
Support: 10520-10328-10086

COTTON COMPLEX LEVELS

COTTON - 56120
Resistance: 56220-56310-56420
Support: 56020-55910-55820

COCUDAKL - 2734
Resistance: 2750-2765-2790
Support: 2710-2685-2670

KAPAS - 1568
Resistance: 1571-1574-1578
Support: 1564-1560-1557

CASTOR LEVELS

CASTOR - 5778
Resistance: 5794-5809-5831
Support: 5757-5735-5720

MENTHAOIL DAILY LEVELS

MENTHAOIL - 916.2
Resistance: 924-932-937
Support: 911-906-898

SPICES LEVELS

TURMERIC - 18046
Resistance: 18200-18354-18614
Support: 17786-17526-17372

JEERA - 27670
Resistance: 28020-28370-28680
Support: 27360-27050-26700

DHANIYA - 7434
Resistance: 7470-7504-7534
Support: 7406-7376-7342

12:15PM Euro French Final CPI m/m Data

Actual: 0.0%
Expected: 0.0%
Previous: 0.0%

Unchanged for Euro

1:30PM Euro Italian Trade Balance Data

Actual: 4.81B
Expected: 4.25B
Previous: 4.34B

Positive for Euro

Daily LME Daily Stocks As On 14062024

Daily LME Daily Stocks is as follows: Aluminium down by -5100MT, Copper up by 1850MT, Lead up by 3525MT, Nickel up by 792MT & Zinc down by -275MT.

Daily LME Cancelled Warrants is as follows: Aluminium up by 18500MT, Copper down by -325MT, Lead down by -3600MT, Nickel up by 18MT & Zinc down by -1700MT.

2:00PM GBP Consumer Inflation Expectations Data

Actual: 2.8%
Previous: 3.0%

Unchanged for GBP

2:30PM Euro Trade Balance Data

Actual: 19.4B
Expected: 17.0B
Previous: 17.3B

Positive for Euro

6:00PM USD ZONE

Import Prices m/m
Actual: -0.4%
Forecast: 0.0
Previous: 0.9%

DATA IS WEAK FOR DOLLAR

7:30PM USD ZONE

Prelim UoM Consumer Sentiment
Actual: 65.6
Forecast: 72.1
Previous: 69.1

Prelim UoM Inflation Expectations
Actual: 3.3%
Previous: 3.3%

DATA IS WEAK FOR DOLLAR