1 DAILY COMMODITY REPORT ALL NEW.xlsx

LKP SECURITIES LIMITED
13th Floor Raheja Center,
Free Press Marg, Nariman Point,
Mumbai-400021
LKP SECURITIES LIMITED
13th Floor Raheja Center,
Free Press Marg, Nariman Point, Mumbai-400021
Item
Open
High
Low
Close
% Cng
Net Cng
Trend
Market Update
Precious Metals
Gold $
1195.0
1199.2
1193.5
1198.1
0.3
3.2
16.11
16.13
15.93
16.05
-0.4
-0.1
LME Alum.
1906.3
1913.0
1905.8
1912.0
0.4
7.3
LME Copper
6391.0
6415.0
6384.0
6405.3
0.2
15.3
Silver $
India's leading index, which measures the future economic activity, increased
in November after declining in the previous month, figures from the
Conference Board showed. The Conference Board leading index rose 1.2
percent in November, in contrast to a 1.0 percent fall in October. Out of the
eight components, seven of them contributed positively to the index. "Despite
the broad-based strength in November's Leading Economic Index for India, a
moderation in its six-month growth suggests that the current rate of economic
expansion is unlikely to accelerate considerably in early 2015," Jing Sima, a
senior economist at the Conference Board, said. "Drastic reforms in labor
markets, taxes and foreign domestic investment are still on the horizon. For
2015, the economy will likely grow at 5.5 percent, slightly faster than in
2014." The coincident index that reflects current economic activity climbed
notably 4.4 percent in November, reversing a 5.7 percent slump in the prior
month.
Base Metal
LME Lead
LME Nickel
LME Zinc
1879.0
1886.0
1877.5
1886.0
0.2
4.0
15650.0
15665.0
15562.0
15641.0
0.2
29.0
2174.0
2180.0
2171.3
2180.0
0.2
4.0
Energy
Crude $
54.87
57.17
54.87
57.17
5.50
2.98
3.35
3.35
3.31
3.35
-0.1
-3.4
89.21
89.66
89.17
89.50
0.3300
0.2963
Euro
1.2226
1.2246
1.2216
1.2243
0.1300
0.0016
GB Pound
1.5631
1.5644
1.5614
1.5642
0.1000
0.0015
Japan YEN
119.53
119.65
119.29
119.42
-0.0600
-0.0700
59.58
59.58
56.10
58.57
0.0100
0.0041
Singapore
1.3178
1.3178
1.3142
1.3153
-0.0700
-0.0009
Canadian
1.1606
1.1616
1.1594
1.1603
0.0500
0.0006
Swissfranc
0.9842
0.9846
0.9818
0.9823
-0.1700
-0.0017
RMB
6.2195
6.2258
6.1869
6.2257
0.1000
0.0062
Nat. Gas $
Currency
Dollar Index
Rus. Rouble
TIME
ZONE
DATA
8:30pm
EUR
Consumer Confidence
8:30pm
USD
Existing Home Sales
0
0
0
0
0:00
Forecast
Previous
-11
-12
5.21M
5.26M
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
LKP SECURITIES LIMITED
13th Floor Raheja Center,
Free Press Marg, Nariman Point, Mumbai-400021
The Bank of Japan decided to leave its monetary stimulus unchanged in
order to assess the impact of its past massive easing. The unchanged
stance came despite falling oil prices posing a threat to the central bank's
2 percent inflation target. The Policy Board of the BoJ voted 8-1 to
maintain the annual pace of increase in the monetary base at about JPY
80 trillion. The bank expanded its stimulus last on October 31. The BoJ
turned more upbeat on the economy. Japan's economy has continued to
recover moderately as a trend as the effects of the decline in demand
following the sales tax hike have been waning on the whole, it said. The
bank also lifted its assessment of exports and industrial production.
Exports have shown signs of picking up compared to its last assessment
of "more or less flat." Industrial production has started to bottom out. At
the previous meeting, the bank said the weakness in industrial production
remained with inventory adjustments.
Page No
1
NSE-CUR USDINR Dec 2014
Rupee weakened as sentiment remained subdued after a volatile week
marked by concerns about financial contagion from the tumbling Russian
rouble. India faces a "major challenge" in achieving its 2014/15 fiscal
deficit aim of 4.1 percent of gross domestic product, its lowest in seven
years, the finance ministry said in a report. The report, which was tabled
in parliament, also said that a pick up in economic activity was needed to
prevent any fiscal slippage in the year to March 2015. The deficit reached
nearly 90 percent of the full-year target between April and October, the
first seven months of the current fiscal year. India's leading index, which
measures the future economic activity, increased in November after
declining in the previous month, figures from the Conference Board
showed. The Conference Board leading index rose 1.2 percent in
November, in contrast to a 1.0 percent fall in October. Out of the eight
components, seven of them contributed positively to the index. Drastic
reforms in labor markets, taxes and foreign domestic investment are still
on the horizon. For 2015, the economy will likely grow at 5.5 percent,
slightly faster than in 2014. The coincident index that reflects current
economic activity climbed notably 4.4 percent in November, reversing a
5.7 percent slump in the prior month. Technically market is under fresh
buying as market has witnessed gain in open interest by 10.92% to
settled at 1264981, now USDINR is getting support at 63.1375 and
below same could see a test of 62.9375 level, And resistance is now
likely to be seen at 63.5, a move above could see prices testing 63.6625.
OPEN
HIGH
LOW
CLOSE
%
RE
VOL
OI
63.14
63.46
63.10
63.43
0.26
0.17
1,190,210
1256588
R1
R2
63.56
63.69
R3
63.92
PP
63.33
S1
63.20
S2
S3
62.97
62.83
Trading Ideas :
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USDINR trading range for the day is 62.97-63.69.
Rupee weakened as sentiment remained subdued after a volatile week marked by concerns about financial contagion from the tumbling Russian rouble.
India faces a "major challenge" in achieving its 2014/15 fiscal deficit aim of 4.1 percent of gross domestic product, its lowest in seven years.
India's leading index, which measures the future economic activity, increased in November after declining in previous month, figures from CB showed.
RBI Reference Rate for USDINR was 63.067 vs 63.067.
BUY USDINR @ 63.25 SL 63.08 TGT 63.44-63.56.
LKP SECURITIES LIMITED
13th Floor Raheja Center,
Free Press Marg, Nariman Point, Mumbai-400021
Page No
2
NSE-CUR EURINR Dec 2014
Euro fell as the European Central Bank moved towards a fully-fledged
government buying program to kickstart the economy. The Eurozone
current account surplus declined notably in October, the European Central
Bank said. The current account surplus fell to a seasonally adjusted EUR
20.5 billion from EUR 32 billion in September. The surplus on trade in
goods decreased to EUR 19.3 billion from EUR 21.6 billion a month ago.
At the same time, the surplus on services halved to EUR 5.5 billion from
EUR 10.4 billion in September. Commercial vehicle registrations in the
European Union declined in November after increasing in the previous
months, a report from the European Automobile Manufacturers
Association, or ACEA, showed. Demand for commercial vehicles in the
European Union decreased 0.2 percent year-on-year to 152,744 units in
November. This was in contrast to the 10.8 percent surge in October.
French statistical office INSEE said that the country's economic growth is
expected to accelerate in 2015, aided by the depreciation of the euro and
a fall in crude oil prices. The gross domestic product, or GDP, is expected
to see sequential growth of 0.3 percent each in the first two quarters of
2015. This would mark a slowdown from the 0.1 percent growth
estimated for the fourth quarter of 2014. Technically market is under
long liquidation as market has witnessed drop in open interest by -9.79%
to settled at 34383, now EURINR is getting support at 77.5275 and
below same could see a test of 77.3 level, And resistance is now likely to
be seen at 77.9275, a move above could see prices testing 78.1.
OPEN
HIGH
LOW
CLOSE
%
RE
VOL
OI
77.70
77.87
77.47
77.82
-0.26
-0.20
40,337
34429
R1
R2
77.97
78.12
R3
78.37
PP
77.72
S1
77.57
S2
S3
77.32
77.17
Trading Ideas :
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#
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EURINR trading range for the day is 77.32-78.12.
Euro fell as the European Central Bank moved towards a fully-fledged government buying program to kickstart the economy.
The Eurozone current account surplus declined notably in October, the European Central Bank said.
French statistical office INSEE said that the country's economic growth is expected to accelerate in 2015.
RBI Reference Rate for EURINR was 77.4589 vs 77.4589.
SELL EURINR BELOW 77.70 SL 77.90 TGT 77.52-77.36-77.10.
LKP SECURITIES LIMITED
13th Floor Raheja Center,
Free Press Marg, Nariman Point, Mumbai-400021
Page No
3
NSE-CUR GBPINR Dec 2014
GBP held steady after the release of lower-than-expected public sector
net borrowing data from the U.K., as demand for the greenback
remained broadly supported. In a report, the Office for National Statistics
said that U.K. public sector net borrowing rose by £13.41 billion last
month, compared to expectations for an increase of £15.37 billion.
October' figure was revised to a £6.43 billion gain from a previously
estimated £7.06 billion rise. Meanwhile, the dollar remained supported
after the U.S. Department of Labor said the number of individuals filing
for initial jobless benefits in the week ending December 12 fell by 6,000
to 289,000 from the previous week’s revised total of 295,000. Economist
had forecast an increase of 1,000. House prices in the U.K. continued to
grow in November though the increase in the last quarter slowed,
property tracking website Hometrack said. The asking price for a house in
the U.K. rose 8.9 percent year-on-year in November. But the rate of
house price growth in the last quarter has slowed across 16 of the 20
cities, Hometrack said. House prices in London advanced the most, by
16.4 percent. An index measuring consumer confidence in the United
Kingdom declined in December, the latest survey from polling company
GfK revealed, with a nine-month low score of -4. market is under fresh
buying as market has witnessed gain in open interest by 3.57% to settled
at 20692 while prices up 0.095 rupee, now GBPINR is getting support at
98.95 and below same could see a test of 98.625 level, And resistance is
now likely to be seen at 99.425, a move above could see prices testing
99.575.
OPEN
HIGH
LOW
CLOSE
%
RE
VOL
OI
98.92
99.25
98.78
99.18
0.14
0.14
37,691
20123
R2
99.36
99.54
R3
99.8
PP
99.1
S1
S2
S3
98.9
98.59
98.41
Trading Ideas :
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GBPINR trading range for the day is 98.59-99.54.
GBP held steady after the release of lower-than-expected public sector net borrowing data from the U.K.
House prices in the U.K. continued to grow in November though the increase in the last quarter slowed, property tracking website Hometrack said.
An index measuring consumer confidence in the United Kingdom declined in December, the latest survey from polling company GfK revealed.
RBI Reference Rate for GBPINR was 98.7314 vs 98.7314.
SELL GBPINR @ 99.25 SL 99.56 TGT 99.01-98.74-98.54
LKP SECURITIES LIMITED
13th Floor Raheja Center,
Free Press Marg, Nariman Point, Mumbai-400021
Page No
4
SPREAD MATRIX FOR USDINR
MONTH
RATE
DEC
63.43
JAN
63.82
FEB
64.16
DEC
SPREAD MATRIX FOR EURINR
FEB
MONTH
RATE
0.73
DEC
77.82
0.34
JAN
78.29
-3.00
FEB
78.65
-5.00
SPREAD MATRIX FOR GBPINR
MONTH
RATE
DEC
99.18
DEC
JAN
99.73
-3.00
FEB
100.19
-5.00
FEB
MONTH
RATE
0.545
1.01
DEC
53.15
0.46
JAN
53.48
FEB
53.60
INR
U.S. $
JAN
FEB
0.48
0.84
0.36
SPREAD MATRIX FOR JPYINR
JAN
MAJOR CURRENCY CROSS RATES
Last Trade
DEC
JAN
0.390
Euro €
U.K. £
¥en
DEC
JAN
FEB
0.33
0.45
0.12
RBI Reference Rate
1 INR
=
-
0.0158
0.0129
0.0101
1.8853
Date
1 U.S. $
=
63.260
-
0.8164
0.6390
119.420
USD
63.067
63.067
1 Euro €
=
77.472
1.2243
-
0.7827
146.22
EURO
77.459
77.459
1 U.K. £
=
98.917
1.5642
1.2773
-
186.78
YEN
52.800
52.800
1 ¥en
=
0.5295
0.0084
0.6838
0.0053
-
GBP
98.731
98.731
LKP SECURITIES LIMITED
13th Floor Raheja Center,
Free Press Marg, Nariman Point, Mumbai-400021
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Contact Us
LKP SECURITIES LIMITED
Head Office
LKP SECURITIES LIMITED
Currency Desk
13th Floor Raheja Center,
Free Press Marg, Nariman Point, Mumbai-400021
Phone:022- 66351234 Ext 239 .
Disclaimer: The information in this document has been printed on the basis of publicly available information, internal data and other
reliable sources believed to be true and is for general guidance only. While every effort is made to ensure the accuracy and
completeness of information contained, the company makes no guarantee and assumes no liability for any errors or omissions of the
information. No one can use the information as the basis for any claim, demand or cause of action. LKP Securities Ltd., and affiliates,
including the analyst who have issued this report, may, on the date of this report, and from time to time, have long or short positions
in, and buy or sell the Currencies mentioned herein or engage in any other transaction involving such Currencies and earn brokerage
or compensation or act as advisor or have other potential conflict of interest with respect to company/ies mentioned herein or
inconsistent with any recommendation and related information and opinions. LKP Securities Ltd., and affiliates may seek to provide or
have engaged in providing corporate finance, investment banking or other advisory services in a merger or specific transaction to the
companies referred to in this report, as on the date of this report or in the past.
LKP SECURITIES LIMITED
13th Floor Raheja Center,
Free Press Marg, Nariman Point, Mumbai-400021
Page No
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