Currency Corner by Kotak Securities


Channel's geo and language: India, English
Category: Economics


On our dedicated channel for Currency Trading updates, our experts will help you understand currency better and educate you with:

🔍 Credible Research and Analysis

💡 Currency Trading Trends & Strategies..

⌛️ Timely Trade Calls And Suggestions

Related channels  |  Similar channels

Channel's geo and language
India, English
Category
Economics
Statistics
Posts filter


Consensus is that Brent’s $90 per barrel price tag includes some $5 in political premium.

The political premium includes tankers avoiding sailing through the Red Sea, upending efficient supply from traditional routes, changing trade flows and adding costs.

And the oil price also reflects Ukrainian drone strikes on Russian refineries that shut in runs and limit product exports.

Wars in the West Asia are not new, and supply has been disrupted in the past. West Asia has 6 million barrels per day in spare capacity, including Iran.

A chunk of this spare capacity and the daily 18 million b/d in exports through the Strait of Hormuz that are primary targets when Mideast wars escalate.

source: @EI


Amidst the chatter on media and social media about Iran's potential to close the Straits of Hormuz, it's crucial to consider the complexities and ramifications of such a scenario. The Strait serves as a vital international shipping lane, facilitating the transportation of a substantial portion of the world's oil and gas supply.

However, the notion of Iran easily shutting down the Strait overlooks several key factors. Firstly, the Strait's status as an international waterway means that any attempt by Iran to disrupt its operations would likely be perceived as a form of blackmail by the global community. Such aggressive military action could trigger serious repercussions and potentially prompt the involvement of multinational forces.

Moreover, it's essential to recognize that the issue of the Strait of Hormuz is distinct from the Israeli context. While tensions in the region are multifaceted, any Iranian aggression towards the Strait would primarily be viewed through the lens of international security and maritime commerce, rather than direct ties to Israel.

In essence, the prospect of Iran attacking the Strait of Hormuz represents a significant escalation in geopolitical tensions. Such a move would not only disrupt global energy markets but also provoke a unified response from the international community. Thus, while Iran may possess the capability to interfere with the Strait's operations, the potential consequences of such actions make it a risky and challenging endeavor.




Oil prices this morning, WTI and Brent


Explosions have been reported near the cities of Isfahan and Natanz in central #Iran, both of which contain important facilities of #Iran's nuclear program




Wish you a very happy Shri Ram Navami


Whats your bet on USDINR by June end?
Poll
  •   Above 84.50
  •   Between 84.00 and 84.50
  •   Between 83.50 and 84.00
  •   Between 83.00 and 83.50
  •   Below 83.00
781 votes


USDINR at 83.70 spot reference.

Looks offshore traders will have all the fun




Some important data points to be released from UK and US this week, along with China...


Now the ball is in Israel's court.


Their officials are warning of unprecedented response, possibly within 48 hours.

The situation in West Asia remains quite fluid. There are games within games that are at play and not everything can be discussed.

All we can say is, 2024 is going to be a super eventful year. Trade smartly and safely. ☺️☺️☺️




When all are short vol, a significant volatility shock can be brutal

Stay alert and enjoy the ride


West Asia update:



Iran may have launched drones towards Israel to attack military targets per U.S. and Israeli officials to Axios.


Various OSINT handles reporting possible large GPS jamming underway across Israel.

Jordan may have closed its airspace

US Airforce jets and Israeli jets could be on CAP duty

Reports of possible airspace closure over Iran and Israel as well

Israel may be expecting something tonight


Again these are private handles and on ground situations can be completely different.

We will keep a close watch on West Asia.






Forward from: Currency Corner by Kotak Securities
CFTC REPORT:

The COT report is a weekly publication by the CFTC, providing data on futures positions, long or short, for various derivatives traded on the US exchanges. It categorises speculators as retail, large, asset managers and leveraged money. Traders use it to understand market sentiment and potential trends. It's valuable for investors and analysts for making informed decisions. The report is released every Friday and related to positions as on Tuesday.



What is a PERCENTILE?


Ans:

Percentile is a statistical concept used to describe the relative position of a particular value within a larger set of values. It is commonly used to analyse and interpret data.

In simple terms, think of a percentile as a way to rank or divide a set of data into 100 equal parts. Each part represents a percentage of the total data. For example, the 50th percentile represents the middle value of the data set, dividing it into two equal halves. The 25th percentile represents the value below which 25% of the data falls, and the 75th percentile represents the value below which 75% of the data falls.

Percentiles are often used to understand how a particular data point compares to the rest of the data set. For example, if a student scores in the 90th percentile on a standardized test, it means they scored higher than 90% of the other test takers. ⬇️⬇️⬇️


Forward from: Commodity Focus By Kotak Securities
There are OSINT reports of barrage of rockets headed towards Northern Israel, which is getting intercepted by Patriot missiles, part of the Iron Done.

It is being suspected that this could be an attempt to Exhaust the Stocks of Israeli Surface-to-Air Missile Batteries in the North of the Country, before a Larger Attack using Land-Attack Cruise and other more Advanced Missiles

We will keep you updated as market implications are large.


Forward from: Commodity Focus By Kotak Securities
Keep an eye on Iran and Israel tensions.

There are two ways to gather information :

Official news handles and portals

Open source intelligence Twitter handles - OSINT

The former can be more authentic but delayed and may lack depth

Latter can be quick and more pervasive but can be prone to large scale misinformation

20 last posts shown.