Month: September 2020

By Sonali Paul and Seng Li PengMELBOURNE/SINGAPORE: Oil prices gained on Tuesday, reversing overnight losses, as investors moved into risk assets and stayed away from the safe-haven U.S. dollar which hit multi-year lows. Brent crude futures climbed 47 cents, or 1 per cent, to $45.75 a barrel at 0635 GMT. U.S. West Texas Intermediate (WTI)
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Sterling overtakes Euro as the strongest currency for today, as cross buying against the latter resumes after brief consolidation. However, Swiss Franc is clearly left behind and it’s trading as the worst performing one. Rallies in Gold and Silver are a factor pressuring the safe haven Franc. Yen is following as the second weakest currencies.
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A more positive tilt in early trades German DAX futures +0.8% UK FTSE futures -0.3% Spanish IBEX futures +0.8% European stocks look set to bounce back after a disappointing start to the week yesterday, though the early gains here may be fleeting as US futures aren’t showing the same degree of enthusiasm as we get
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Euro trades broadly higher in Asian session as it finally takes out near term resistance against Dollar and Yen. Swiss Franc is following the common currency closely as second strongest. Gold is also tracking the Euro higher too. Dollar and Yen continue to stay under broad based pressure. The limelight is currently off Australian Dollar
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