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Dollar Update
The dollar steadied near 99.56 as investors awaited Fed minutes and Kevin Warsh’s Jackson Hole remarks. Markets expect September rates to remain unchanged, while rising global bond yields and weak US data shaped sentiment.
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Copper Update
Copper prices fell as rising LME inventories eased supply concerns after a 20,000-ton daily increase. Chile expects lower output, while elevated bond yields and oil prices pressured metals amid inflation and interest-rate risks.
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Call Ratio Spread - NATURALGAS,Max Profit - 16562.50| Max Loss - 8437.50.Check out details:https://finx.choiceindia.com/research-report/research/option_strategy/report
Global Market Heatmap
Major stock indices are experiencing minor losses across the board, with the Nikkei 225 down -0.90%, the NASDAQ 100 down -0.21%, and the S&P 500 edging slightly lower by -0.07%. The VIX volatility index rose marginally by +0.33% to 18.25.
Conversely, the energy sector showed broad strength, driven by gains in Crude Oil WTI (+0.75%), Brent (+0.60%) and Natural Gas (+0.07%).
Metals traded predominantly lower, led by declines in Silver (-1.37%), Palladium (-0.32%), Gold (-0.24%), and Copper (-0.41%).
In fixed income, bond yields fell slightly as bond prices edged higher across 2-year to 30-year Treasuries, while major fiat currencies experienced slight dips against the US Dollar index (-0.11%).
Sumeet Bagadia’s Desk : Stopped Out @ 4398.00...Sell in Commodity ELECDMBL|28AUG26 @ 4359.00 SL 4395.00 TGT 4287.00
Sumeet Bagadia’s Desk : Stopped Out @ 153298.00...Buy in Commodity GOLDTEN|31AUG26 @ 154636.00 SL 153300.00 TGT 157308.00
*MCX Zinc and Aluminium prices down by -0.7% and -1.1% respectively with next support near 397 and 345*
Sumeet Bagadia’s Desk : Stopped Out @ 235200.00...Buy in Commodity SILVERMIC|31AUG26 @ 237051.00 SL 235212.00 TGT 240729.00
Sumeet Bagadia’s Desk : Stopped Out @ 8100.00...Buy in Commodity CRUDEOILM|19AUG26 @ 8182.00 SL 8100.00 TGT 8346.00
US Pending Home Sales m/m
Actual : -2.3%
Forecast : -0.1%
Prev.: -5.4%
Impact : Positive for Bullion
Sumeet Bagadia’s Desk:Sell ELECDMBL|28AUG26 in Commodity @ 4359.00 SL 4395.00 TGT 4287.00
Sumeet Bagadia’s Desk:Buy CRUDEOILM|19AUG26 in Commodity @ 8182.00 SL 8100.00 TGT 8346.00
MCX Silver prices down -1.2% down today, with next support may seen around 233300
Sumeet Bagadia’s Desk : Stopped Out @ 11.30...Buy in Commodity COPPER|24AUG26 CE 1380.00 @ 13.04 SL 11.41 TGT 16.30
Sumeet Bagadia’s Desk : Stopped Out @ 398.40...Buy in Commodity ZINC|31AUG26 @ 398.95 SL 398.45 TGT 399.95
*US Industrial Production m/m*
Actual : 0.2%
Forecast: 0.3%
Prev.: 0.1%
Impact : Negative for Base metals
