Achiievers Equities' daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more.

1. Daily Commodity Report as on Friday, January 16, 2015
Date : Friday, January 16, 2015 URL : www.achiieversequitiesltd.com Page No - 1

2. Open High Low Close % Cng OI
Gold 27066 27546 26706 27492 1.07 8538
Silver 37601 38389 37076 37922 -0.02 10016
Alum. 110.5 111.3 109.55 110.3 0.09 3009
Copper 347 356.75 347 352.2 1.89 13505
Lead 109.75 111.25 108.85 109.1 0.28 2185
Nickel 894.1 908 885.8 891.4 0.35 4534
Zinc 127.4 127.65 125.65 126.8 0.24 2643
Crude 2892 3120 2892 2939 2.65 15268
Nat. Gas 201.6 207.4 195.8 198.5 -1.34 5909
Chana 27066 27546 26706 27492 1.07 8538
Cardamom 1060.5 1077.5 1050 1068.6 0.16 1589
Turmeric 9250 9296 9080 9122 -0.85 36685
Jeera 16560 16600 16220 16455 0.15 15000
Dhaniya 7362 7600 7070 7245 -3.67 9730
Wheat 1670 1700 1659 1681 0.60 2850
Soyabean 3479 3505 3470 3491 0.87 91890
Ref. Oil 655.5 659.8 655.5 655.75 0.47 76100
CPO 462.1 465.9 460 460.5 0.30 1335
RMSeed 3540 3545 3478 3483 -1.16 38780
Menthol 745 745 731.8 738.4 -1.30 9040
Cotton 15100 15160 15040 15130 0.07 5425
USDINR 62.01 62.24 61.59 62.19 -0.28 1321500
EURINR 73.12 73.13 71.70 72.81 -0.61 43280
GBPINR 94.61 94.99 93.69 94.72 0.13 23984
JPYINR 53.00 53.58 52.35 53.43 0.16 17991
Market Round upPrecious Metals
Gold rose after the Swiss National Bank lowered interest rates further into negative territory.
Base Metal
Silver recovered from lows as the dollar weakened following Switzerland’s decision to decouple its currency to the
euro.
Crude oil prices gains after OPEC said that a slump in prices will start to erode U.S. supply growth this year.
Natural gas prices dropped as the outlook for a late January cold snap moderated, signaling slowing demand for the
heating fuel.
Ref soyoil ended with gains on improvement in demand from oil crusher and on supply worries in the domestic
market.Cereals
Mentha oil prices ended with losses due to the ample stocks availability in the physical market on account of higher
supply.Oil and Oilseeds & Others
Soyabean prices ended with gains due to higher demand in the domestic market and good export demand for
soymeal.
Energy Copper prices rebounded as investors returned to the market to seek cheap valuations one day after prices fell to the
lowest level in almost six years.
Zinc prices seen supported on a mix of bargain-hunting, short covering and hedging by consumers.
Pulses
Nickel gains tracking firmness in copper prices after data showed Germany’s growth in 2014 was in line with market
expectations.Spices
Chana prices remained under pressure driven by subdued demand in the spot market.
Turmeric prices ended with losses as pressure seen on prices as new harvest started arriving.
Currency
Jeera gains as prices seen supported tracking firmness in spot prices as lower acreage supported prices.
Date : Friday, January 16, 2015 URL : www.achiieversequitiesltd.com Page No - 2

3. MCX Gold Feb 2015 TRADING IDEA
OPEN 27066 SUP-2 26408 Gold trading range for the day is 26408-28088.
HIGH 27546 SUP-1 26950
Gold rose after the Swiss National Bank lowered interest rates further into negative
territory.
LOW 26706 P.P. 27248
The SNB announced that it will discontinue the minimum exchange rate of 1.20 per euro,
while lowering interest rates further into negative territory.
Gold settled up 1.07% at 27492 erased its earlier decline and gained smartly towards mid-European trade after the Swiss National Bank cut the interest rate to minus 0.75 per cent and scrapped its minimum exchange rate of
1.20 Swiss francs to a euro, which boosted fundamental sentiment towards the yellow metal. Following the interest rate cut in Switzerland, gold moved up to $1,255 an oz in London’s early Thursday trade. However, profit
booking from a section of traders pulled it down to $1,250.4 an oz towards early afternoon. However, as mentioned, the Swiss central bank had also said it was scrapping its minimum exchange rate of 1.20 Swiss francs a
euro and raised the fees it would charge banks to deposit money. For bullion market globally, Switzerland has been a very important centre for importing gold. Also Gold also found support on some soft economic data from
the U.S., with first time claims for unemployment benefits jumping to a four-month high and manufacturing activity in the Philadelphia area growing at a notably slower pace in January. In a potentially troubling sign for the
labor market, a Labor Department report on Thursday showed first-time claims for U.S. unemployment benefits to have jumped to a four-month high in the week ended January 10. Separately, a Labor Department report
showed U.S. producer prices to have recorded their biggest drop in over three years in December, with energy prices declining substantially. In a reflection of improving investor confidence, SPDR Gold Trust, said its holdings
rose 1.35 percent to 717.15 tonnes on Thursday. Technically market is getting support at 26950 and below same could see a test of 26408 level, And resistance is now likely to be seen at 27790, a move above could see
prices testing 28088.
MCX Silver Mar 2015 TRADING IDEA
OPEN 37601 SUP-2 36483 Silver trading range for the day is 36483-39109.
CLOSE 27492 RES-1 27790
SPDR gold trust holdings gained by 9.56 tonnes i.e. 1.35% to 717.15 tonnes from 707.59
tonnes.
% CNG 1.07 RES-2 28088 BUY GOLD FEB @ 27250 SL 27100 TGT 27380-27560.MCX
HIGH 38389 SUP-1 37203
Silver recovered from lows as the dollar weakened following Switzerland’s decision to
decouple its currency to the euro.
LOW 37076 P.P. 37796
Prices recovered after SNB announced that it would discontinue the minimum exchange
rate of 1.20 per euro, lowering interest rates into negative territory.
CLOSE 37922 RES-1 38516
Holdings at Ishares Silver Trust dropped by -0.41% i.e. -41.69 tonnes to 10108.97
tonnes from 10150.66 tonnes.
% CNG -0.02 RES-2 39109 BUY SILVER MAR @ 37600 SL 37300 TGT 37900-38250.MCX
Silver settled down -0.02% at 37922 but recovered from the day's low as support seen tracking gain's from Gold which rose as much as 1 percent to a four-month high on Thursday after Switzerland's central bank
unexpectedly abandoned its three-year cap on the franc sent global shares and bond yields into turmoil. Bullion also found support on some soft economic data from the U.S., with first time claims for unemployment benefits
jumping to a four-month high and manufacturing activity in the Philadelphia area growing at a notably slower pace in January. The Swiss National Bank ended the three-year minimum exchange rate of CHF 1.20 per euro, the
central bank said in a statement on Thursday. The move is seen as a precursor to the ECB further weakening the euro by the anticipated announcement full-scale quantitative easing in the coming months. At the same time,
the Federal Reserve Bank of New York said that its general business conditions index increased to 10.0 this month from a reading of -3.6 in December. Separately, the Commerce Department said that producer prices fell by
a seasonally adjusted 0.3% last month, compared to forecasts for a 0.4% decline, after falling 0.2% in November. The core producer price index eased up by a seasonally adjusted 0.3% last month, above expectations for a
gain of 0.1% and following a flat reading in November. Data on Wednesday showed that retail sales in the U.S. dropped by the most in 11 months in December, suggesting that the Federal Reserve could keep rates on hold
for longer. Technically market is getting support at 37203 and below same could see a test of 36483 level, And resistance is now likely to be seen at 38516, a move above could see prices testing 39109.
Date : Friday, January 16, 2015 URL : www.achiieversequitiesltd.com Page No - 3

4. MCX Crudeoil Jan 2015 TRADING IDEA
OPEN 2892 SUP-2 2756 Crudeoil trading range for the day is 2756-3212.
HIGH 3120 SUP-1 2848
Crude oil prices gains after OPEC said that a slump in prices will start to erode U.S. supply
growth this year.
LOW 2892 P.P. 2984
In its monthly report, the OPEC forecast demand for the group's oil would drop to 28.78
million barrels per day (bpd) in 2015
Crudeoil settled up 2.65% at 2939 up but surrendered all its 9 percent gain to settled with only 2.65 percent gain tracking losses from Nymex Crude which ended sharply lower on Thursday plummeted $2.23 to close at
$46.25 a barrel surrendering much of the gains made yesterday, with focus on developments in the currency market after the Swiss National Bank preferred to to abandon its currency ceiling. Nonetheless, fears of excess
supply continued to haunt investors after the official weekly oil report from the U.S. EIA showed crude stockpiles in the U.S. to have jumped more than expected last week. Crude oil posted its largest one-day gain in more
than two years on Wednesday, picking up over 5 percent in a late rally. Bargain hunters have swooped in to buy crude oil futures after a dramatic decline from summertime highs above $100. The Swiss National Bank move
put the dollar in a spot, but recovered soon enough to trend higher against a select band of currencies. The Swiss National Bank ended the three-year minimum exchange rate of CHF 1.20 per euro -- a move seen as a
precursor to the ECB further weakening the euro with the full-scale quantitative easing expected in the coming months. Market blame the decline in energy prices on oversupplied markets amid an influx of U.S. shale and an
unwillingness from OPEC to cut production. Saudi Arabia may prove successful in driving prices too low for U.S. shale companies to be profitable. On Wednesday, crude oil surged by 2.59 to close at $48.48 a barrel, on
bargain hunting with the dollar trending lower against some major currencies. Technically market is getting support at 2848 and below same could see a test of 2756 level, And resistance is now likely to be seen at 3076, a
move above could see prices testing 3212.
MCX Copper Feb 2015 TRADING IDEA
OPEN 347.0 SUP-2 342.3 Copper trading range for the day is 342.3-361.7.
CLOSE 2939 RES-1 3076
OPEC countries expect global oil demand to rise this year while supply could advance, but
at a slower pace.
% CNG 2.65 RES-2 3212 SELL CRUDE OIL JAN BELOW 2920 SL 2970 TGT 2885-2840-2810.MCX
HIGH 356.8 SUP-1 347.3
Copper prices rebounded as investors returned to the market to seek cheap valuations one
day after prices fell to the lowest level in almost six years.
LOW 347.0 P.P. 352.0
Copper’s drop in last some sessions is raising speculation China’s government will take
advantage of lower prices to buy supplies, hastening a rebound.
CLOSE 352.2 RES-1 357.0
Data showed that retail sales in the U.S. dropped by the most in 11 months in December,
suggesting Fed could keep rates on hold for longer.
% CNG 1.89 RES-2 361.7 SELL COPPER FEB @ 355 SL 359.50 TGT 351.50-348.50.MCX
Copper settled up 1.89% at 352.2 as investors returned to the market to seek cheap valuations one day after prices fell to the lowest level in almost six years. U.S. producer prices in December recorded their biggest fall in
more than three years on tumbling energy costs while underlying inflation pressures were tame, a cautionary note for the Federal Reserve as it ponders its next step on monetary policy. China's central bank will increase its
relending quota, by which it lends funds to banks at low rates to give them more cash they can lend out to customers, by 50 billion yuan, it said. A sharp drop in oil prices and a stronger U.S. economy probably won't be
enough to brighten the outlook for global growth this year, the head of the International Monetary Fund warned on Thursday. The CME Group, parent company of the Chicago Board of Trade, on Thursday raised the initial
margins for copper contracts by 17.2 percent, effective on Friday. Supporting the market, investors bet on an increased chance of policy stimulus after disappointing China bank loan data. But adding to bearish sentiment,
Japan's core machinery orders rose less than expected in November, as renewed global growth concerns appeared to temper corporate spending plans and cast fresh doubts over how quickly the economy can recover from
recession. technically market is under short covering as market has witnessed drop in open interest by -5.7% to settled at 13505 while prices up 6.55 rupee, now Copper is getting support at 347.3 and below same could see
a test of 342.3 level, And resistance is now likely to be seen at 357, a move above could see prices testing 361.7.
Date : Friday, January 16, 2015 URL : www.achiieversequitiesltd.com Page No - 4

5. MCX Zinc Jan 2015 TRADING IDEA
OPEN 127.4 SUP-2 124.7 Zinc trading range for the day is 124.7-128.7.
HIGH 127.7 SUP-1 125.8
Zinc prices seen supported on a mix of bargain-hunting, short covering and hedging by
consumers.
LOW 125.7 P.P. 126.7
Pressure seen on prices as concerns over the global economic outlook and the impact on
future demand prospects dampens demand.
Zinc settled up 0.24% at 126.8 as prices seen supported on a mix of bargain-hunting, short covering and hedging by consumers. Major economic indicators from the US overnight were mixed. Swiss National Bank
unexpectedly lowered interest rates and freed up the 1.2 floor of the euro against Swiss franc, causing risk aversion to rise. US initial jobless claims for the week ending January 10 increased 19,000 to 316,000, the highest
since early September and well above 291,000 expected. Jobless claims for the week ending January 3 were revised up from 294,000 to 297,000. The country’s producer price index (PPI) slid 0.3% MoM in December, the
sharpest decline since October 2011, due in large part to declines in energy prices. China's foreign direct investment (FDI) rose an annual 1.7 percent last year, although the pace slowed from 2013 as a cooling economy and
shifting drivers of growth weighed on offshore investment flows. China attracted a record $119.56 billion from foreign investors last year compared to $117.6 billion in 2013, the Ministry of Commerce said in a statement on
its website. Commodity prices consolidated as investors remained cautious. LME zinc prices opened at USD 2,042/mt, then inched up RMB 2,065/mt during Asian trading hours, fluctuating between USD 2,040-2,060/mt
during European and US trading hours, and closing at USD 2,055/mt, up USD 16.75/mt or 0.82%. LME zinc inventories fell 3,350 to 661,375 mt. Technically market is under short covering as market has witnessed drop in
open interest by -6.41% to settled at 2643 while prices up 0.3 rupee, now Zinc is getting support at 125.8 and below same could see a test of 124.7 level, And resistance is now likely to be seen at 127.8, a move above could
see prices testing 128.7.
MCX Nickel Jan 2015 TRADING IDEA
OPEN 894.1 SUP-2 872.9 Nickel trading range for the day is 872.9-917.3.
CLOSE 126.8 RES-1 127.8 Zinc daily stocks at Shanghai exchange came up by 1600 tonnes.
% CNG 0.24 RES-2 128.7 SELL ZINC JAN @ 127.60 SL 128.80 TGT 126.60-125.80.MCX
HIGH 908.0 SUP-1 882.2
Nickel gains tracking firmness in copper prices after data showed Germany’s growth in
2014 was in line with market expectations.
LOW 885.8 P.P. 895.1
Supporting the market, investors bet on an increased chance of policy stimulus after
disappointing China bank loan data.
CLOSE 891.4 RES-1 904.4
Data showed that retail sales in the U.S. dropped by the most in 11 months in December,
suggesting Fed could keep rates on hold for longer.
% CNG 0.35 RES-2 917.3 SELL NICKEL JAN @ 905 SL 918 TGT 892-880.MCX
Nickel settled up 0.35% at 891.4 tracking firmness in copper prices after data showed Germany’s growth in 2014 was in line with market expectations. Germany’s growth in 2014 announced overnight was in line with market
expectations. Crude oil prices plummeted again, and the US dollar index stabilized at 92. With attenuating selloffs, base metals prices rebounded. The Swiss National Bank loosened the floor of the euro against Swiss franc.
Supporting the market, investors bet on an increased chance of policy stimulus after disappointing China bank loan data. But adding to bearish sentiment, Japan's core machinery orders rose less than expected in November,
as renewed global growth concerns appeared to temper corporate spending plans and cast fresh doubts over how quickly the economy can recover from recession. The U.S. Department of Labor said the number of individuals
filing for initial jobless benefits increased by 19,000 last week to 316,000, the highest in almost four months. The US dollar index, however, plunged. The Federal Reserve Bank of New York said that its general business
conditions index increased to 10.0 this month from a reading of -3.6 in December. LME nickel prices opened higher at USD 14,438/mt, then climbed and hovered around USD 14,500/mt. During European and US trading
hours, LME nickel prices jumped to USD 14,705/mt, but dived again and closed at USD 14,447/mt, up 1.06%. LME nickel inventories grew 12 to 418,332 mt. Technically market is under fresh buying as market has witnessed
gain in open interest by 5.74% to settled at 4534 while prices up 3.1 rupee, now Nickel is getting support at 882.2 and below same could see a test of 872.9 level, And resistance is now likely to be seen at 904.4, a move
above could see prices testing 917.3.
Date : Friday, January 16, 2015 URL : www.achiieversequitiesltd.com Page No - 5

6. NCDEX Chana Feb 2015 TRADING IDEA
OPEN 3455 SUP-2 3393 Chana trading range for the day is 3393-3523.
HIGH 3492 SUP-1 3424 Chana prices remained under pressure driven by subdued demand in the spot market.
LOW 3427 P.P. 3458
Besides, extending Duty-free import for Pulses till March 31 created a further selling
pressure.
Chana settled down by -0.09% at 3454 driven by subdued demand in the spot market. Besides, extending Duty-free import for Pulses till March 31 created a further selling pressure for Pulses complex too influenced chana
prices, even though lower sowing this season in major producing states capped some losses. Chana arrivals were steady at 30 trucks as compared to previous day. Domestic demand for chana is weak in local mandis as the
quality available is of inferior variety. The 2nd advance estimate by Rajasthan state agriculture department projected 12.24 lakh tons of chana this year, while it had touched 16.40 lakh tons last year. Chana acreage is
lagging by 22% there. As per the data, sowing area has covered 14.9 lakh ha in the state so far, while it was recorded 19.23 lakh ha last year Latest report from AP Agri Dept indicates Rabi Pulses sowing down 6% from 6.43
lakh ha to 6.02 lakh ha. The chana 2014-15 planted area is down in major producing states Madhya Pradesh (-17%),Andhra Pradesh(-30%),Maharashtra (-25%), Karnataka (6%) and Uttar Pradesh (5%). According to
Ministry of Agriculture, total rabi pulses acreage till Jan. 2, 2015 is down by 10% to 129.99 lakh hectare(Ha.) as compared with last year’s area coverage of 144.79 lakh hectare during the corresponding week. The area
planted under chana is also down by 16.18% to 79.65 Lakh Ha against 95.03 lakh ha. in same corresponding week during last year. In Delhi spot market, chana gained by 2.45 rupee to end at 3461.4 rupee per 100
kgs.Technically market is under long liquidation as market has witnessed drop in open interest by -6.26% to settled at 105680 while prices down -3 rupee, now Chana is getting support at 3424 and below same could see a
test of 3393 level, And resistance is now likely to be seen at 3489, a move above could see prices testing 3523.
NCDEX Turmeric Apr 2015 TRADING IDEA
OPEN 9250 SUP-2 8950 Turmeric trading range for the day is 8950-9382.
CLOSE 3454 RES-1 3489
The 2nd advance estimates by Rajasthan state agriculture department projected 12.24
lakh tons of chana this year.
% CNG -0.09 RES-2 3523 BUY CHANA FEB ABV 3460 SL 3440 TGT 3500-3540.NCDEX
HIGH 9296 SUP-1 9036
Turmeric prices ended with losses as pressure seen on prices as new harvest started
arriving.
LOW 9080 P.P. 9166
Many buyers were keen on buying quality hybrid turmeric and also local root variety
turmeric.
CLOSE 9122 RES-1 9252
Technically market is under fresh selling as market has witnessed gain in open interest by
1.78% to settled at 36685
% CNG -0.85 RES-2 9382 BUY TURMERIC APR ABV 9220 SL 9050 TGT 9340-9450.NCDEX
Turmeric settled down by -0.85% at 9122 as pressure seen on prices as new harvest started arriving. However expectation of lower output from South India due to last year's bad monsoon and crop damage from cyclone
limited the downside. Traders, especially exporters, procured good number of turmeric due to arrival of good quality produce. Many buyers were keen on buying quality hybrid turmeric and also local root variety turmeric.
Sowing of Turmeric in AP for the 2014-15 season is reported at 0.13 lakh ha, as against 0.1 lakh ha last year. The area in Telanaga stood at 0.446 lakh ha against 0.431 lakh ha last year. Exports in turmeric have increased
by 10% to 43000 tonnes during Apr-Sep 2014 as compared to last year. The export target for the 2014-15 is 80000 tonnes according to Spice Board. Prices of hybrid turmeric fell due to poor quality of arrivals. Hybrid finger
rates were down by around Rs.800 a quintal as the quality that arrived for sale was poor. But root variety prices gained on quality. As per sources 4,000 bags arrived for sale, but only 1,185 were sold. At the Erode Turmeric
Merchants Association sales yard, the finger variety fetched Rs.4,599-7,934 a quintal, the root variety Rs.4,432-7,211. Technically market is under fresh selling as market has witnessed gain in open interest by 1.78% to
settled at 36685 while prices down -78 rupee, now Turmeric is getting support at 9036 and below same could see a test of 8950 level, And resistance is now likely to be seen at 9252, a move above could see prices testing
9382.
Date : Friday, January 16, 2015 URL : www.achiieversequitiesltd.com Page No - 6

7. MCX Menthaoil Jan 2015 TRADING IDEA
OPEN 745.0 SUP-2 725.2 Menthaoil trading range for the day is 725.2-751.6.
HIGH 745.0 SUP-1 731.8 Menthaoil spot is at 858/-. Spot market is down by Rs. 20/-.
LOW 731.8 P.P. 738.4
Mentha oil prices ended with losses due to the ample stocks availability in the physical
market on account of higher supply.
CLOSE 738.4 RES-1 745.0
Acreage is expected to fall by 20 per cent this year, to 17,500 hectare on the back of a
large carry-over stock.
% CNG -1.30 RES-2 751.6 SELL MENTHA OIL JAN @ 745 SL 752 TGT 736-730-724.MCX
352.2 126.8 891.4 110.3
Mentha oil settled down by -1.3% at 738.4 due to the ample stocks availability in the physical market on account of higher supply from the producing belts of Chandausi in Uttar Pradesh. Besides, subdued demand in the spot
market also put pressure on mentha oil. At Barabanki market arrivals were reported at 100 Drums(1-drum-180kg), unchanged as compared to previous day’s arrival. At Bareilly market total arrivals are at 2 Drums(1-drum-
180kg), steady as against previous day’s arrival. At Rampur market total arrivals are at 4 Drums(1-drum=180kg), lower by 1 Drums(1-drum=180kg) as compared to previous day. At Sambhal market estimated market
supply was at 40 Drums(1-drum=180kg), steady as against previous day’s arrival. Mentha oil production is expected to fall this year by 30 per cent to 40,000 tonnes from 55,000 tonnes a year ago, with acreage under the
commodity declining as farmers sentiment were dampened due to lower prices. Mentha oil arrivals to the spot market, especially from the Chandausi in Uttar Pradesh, have increased substantially. The resulting fall in prices
was capped due to lower production of the commodity this season. Acreage is expected to fall by 20 per cent this year, to 17,500 hectare on the back of a large carry-over stock from last year, which also had an impact on
prices. Technically market is under long liquidation as market has witnessed drop in open interest by -2.44% to settled at 9040 while prices down -9.7 rupee, now Menthaoil is getting support at 731.8 and below same could
see a test of 725.2 level, And resistance is now likely to be seen at 745, a move above could see prices testing 751.6.
DAILY MARKET LEVEL FOR METAL AND ENERGY
COMMODITIES GOLD SILVER CRUDE NAT.GAS COPPER ZINC NICKEL ALUMINUM LEAD
109.1
27790 38516 3076 205.4
CLOSE 27492 37922 2939 198.5
357.0 127.8 904.4 111.3
126.7 895.1 110.4
RESISTANCE
28630 39829 3304 217.0 366.7 129.8 926.6 113.1
28088 39109 3212 212.2 361.7 128.7 917.3 112.2
P. POINT 27248 37796 2984 200.6 352.0
26110 35890 2620 182.2 337.6
SUPPORT 26408 36483 2756 189.0 342.3 872.9 108.6
26950 37203 2848 193.8 347.3
OI 8538 10016 15268 5909 13505 2643 4534 3009
123.8 860.0 107.7
125.8 882.2 109.5
124.7
Date : Friday, January 16, 2015 URL : www.achiieversequitiesltd.com Page No - 7
Positive Positive
SPREAD 115 611 59.00 -1.70 3.75 0.55 7.30
TREND Positive Positive Positive Positive Positive Positive Positive
0.80
113.0
112.1
110.6
105.8
107.3
108.2
2185
109.7
1

8. 12:30pm EUR 0 0
1:15pm EUR 0 -84.7B
3:30pm EUR -0.002 -0.002
3:30pm EUR 0.008 0.008
7:00pm USD -0.003 -0.003
7:00pm USD 0.001 0.001
7:45pm USD 0.802 0.801
7:45pm USD 0.001 0.013
8:25pm USD 94.3 93.6
8:25pm USD 0 0.028
9:30pm USD 0 0
0 0 0 0
0 0 0 0
Industrial Production m/m
Prelim UoM Consumer Sentiment
Prelim UoM Inflation Expectations
FOMC Member Williams Speaks
0
0
PREV
Chinese bank lending and foreign exchange reserves declined at the end of 2014, data from the
People's Bank of China revealed. Bank lending fell to CNY 697.3 billion in December from CNY 852.7
billion in November. It was also below the expected lending of CNY 890 billion. The fall in net new
loans reflects the usual seasonal pattern, with the amount of loans issued typically lowest at the end
of the year, Julian Evans-Pritchard, a China economist at Capital Economics said. Total social
financing, a broad measure of liquidity in the economy, totaled CNY 1.69 trillion compared to CNY
1.15 trillion in November. China's broad M2 money supply grew 12.2 percent in December, slower
than the 12.3 percent rise in November. Economists had forecast an annual growth of 12.5 percent.
Foreign exchange reserves declined to $3.84 trillion at the end of fourth quarter from $3.89 trillion in
the prior quarter.
Fri
German Final CPI m/m
French Gov Budget Balance
Final CPI y/y
Final Core CPI y/y
CPI m/m
Core CPI m/m
Capacity Utilization Rate
NEWS YOU CAN USE DAY TIME ZONE ECONOMICAL DATA EXP
An earlier bond-buying programme announced by the European Central Bank won a crucial legal
backing from the top EU court on Wednesday, giving boost to speculation that the central bank may
opt for full blown quantitative easing as early as this month, which could include government debt
purchases, as it battles the threat of deflation in the euro area. In his opinion note, Advocate General
Pedro Cruz Villalon of the EU Court of Justice said, " The OMT programme..falls within the monetary
policy for which the Treaty makes the ECB responsible and does not constitute an economic policy
measure, provided that, throughout the whole period of implementation of any OMT programme, the
ECB refrains from any direct involvement in the financial assistance programmes to which the OMT
programme is linked." "The stated objectives of the OMT programme may in principle be accepted as
legitimate," he said. The OMT programme was announced by the ECB on September 6, 2012, amid
the peak of the sovereign debt crisis in Europe, when even the survival of the euro as a single
currency was threatened as the speculation of a break-up of Eurozone gained strength. Under the
scheme, the central bank planned to buy government bonds subject to certain conditions. However,
the plan was never put into practice.
Japan's government raised the economic growth estimates marginally for the fiscal year 2015. The
real economic growth is estimated to reach 1.5 percent compared to the prior forecast of 1.4 percent,
the Cabinet Office said. In nominal terms, GDP is forecast to rise 2.7 percent, slightly below the
previous estimate of 2.8 percent. For the current fiscal, the government projected 0.5 percent
contraction in real terms versus prior estimate of 1.2 percent. Further, the government expects
consumer prices to rise only 1.4 percent in fiscal 2015 signaling that falling oi prices weigh on the
efforts to lift inflation to the 2 percent target.
The United States department of agriculture (USDA) increased 2014-15 United States soybean
production forecast indicating robust supply in the world's biggest bean producer. The USDA
increased US, the world's biggest bean grower, 2014-15 production estimates to 108 million tons
compared to 107.7 million tons in the previous estimates and 91.4 million tons a year ago. However,
USDA forecast for 2014-15 US soybean ending stockpiles at 410 million bushels unchanged from the
previous month and 92 million bushels a year ago. Brazil, the world's second biggest soybean
producer, 2014-15 output may rise to 95.5 million tons compared to 94 million tons a month ago and
86.7 million tons a year ago, the USDA said. Argentina, world's third biggest soybean producer, 2014-
15 crop output may increase to 55 million tons unchanged from the previous month and 54 million
tons a year ago.
The South Indian Mills Association (SIMA), which represents textile mills in Tamil Nadu, has urged the
Cotton Corporation of India (CCI) to commence procurement of cotton at the minimum support price
(MSP) in the state. T Rajkumar, chairman of SIMA, said the cotton prices had been highly volatile in
the past five years due to various factors. If India continues to increase its production during the
current cotton season, it would become the largest producer, and is likely to achieve a record
production of 40 million bales. However, China, the largest cotton consumer and importer, influences
the international prices of cotton. He noted that to deplete its high-cost cotton, amounting to almost
two years of stock, in February 2014, China had come out with a cotton policy restricting imports to
25 per cent of its consumption and also extending over 25 per cent subsidy for the reserve cotton.
“This had seriously affected international cotton prices. From August 2014, New York Futures for
cotton had remained below 70 cents, as against the normal rate of over 90 cents. As the MSP of
Indian cotton is much higher than this, the poor offtake had seriously affected cotton farmers in India
in the current cotton season,” said Rajkumar.
Date : Friday, January 16, 2015 URL : www.achiieversequitiesltd.com Page No - 8

9. Date : Friday, January 16, 2015 URL : www.achiieversequitiesltd.com Page No - 9