Month: July 2021

Yen and Swiss Franc dominates the markets for the day, as selloff in stocks spread from Asia to Europe, to US. Risk aversion intensified with DOW down over -800 pts in initial trading, while 10-year yield breaks1.2 handle. Canadian Dollar is the worst performing one, as WTI crude oil breaks below 70 handle. However, Australian
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In its latest analysis of Australia, the global rating giant Fitch said, “If higher inflation and interest rates over 2021-2023 modestly exceed our baseline projections, this could be credit positive for the sovereign and banks.” However, the interesting part was the rating institute’s comments over Australian economics, as follows. Key quotes Structured finance transactions are
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Stock and cryptocurrency trading app Robinhood is expecting its quarterly revenue to decrease based on significantly high trading volume earlier this year. In an amendment to its Form S-1 filed with the U.S. Securities and Exchange Commission on Monday, Robinhood reported its trading activity for January and February was “particularly high” but had dropped by
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NEW DELHI: Gold edged up on Monday, following the global trend, as rising delta virus threat spooked investors, nudging a return to the traditional safe haven. However, silver traded lower on . A surge in coronavirus cases could dampen global economic recovery, but the up move in dollar capped the gains of yellow metal. Gold
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Yen rises broadly as the markets start the week with risk aversion in Asia. On the other hand, Canadian Dollar is trading as the weakest, leading other commodity currencies lower. European majors are mixed together with Dollar for the moment. The economic calendar is rather light today and focuses will stay on development in the
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MOSCOW/DUBAI/LONDON: OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the global economy recovers from the coronavirus pandemic. The group, which includes OPEC countries and allies like Russia, crucially agreed new production allocations from May 2022 to overcome differences between Saudi Arabia
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EUR/USD remains pressured for third consecutive day, retreats towards monthly low. Virus concerns challenge economic recovery from the pandemic. US data, indecision over Fed’s action adds to the risk-off mood. ECB’s forward guidance will be the key amid fresh inflation target. EUR/USD fades Friday’s bounce off 1.1792, around 1.1805, amid a quiet start to the
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