Australian PM’s days could be numbered The highs and lows in politics are brutal. A year ago, Scott Morrison was riding high as Australia kept the pandemic outside its borders. Now, with a slow rollout of the vaccine and never-ending lockdowns, the public has soured on the PM. Approval of his government’s response to covid
Month: August 2021
LONDON: Oil fell by over 3 per cent on Monday to a one-week low, dropping for a third session after official data showed refining throughput and economic activity slowed in China, an indication that COVID-19 outbreaks are crimping the world’s second-largest economy. Brent crude was down $2.21, or 3.1 per cent, at $68.38 a barrel
Risk aversion is a main theme today, on situation in Afghanistan, poor China data, and spread of Delta virus. Yen and Swiss Franc rise broadly, and to a lesser extent followed by Dollar. Commodity currencies are all in red, in particular with Aussie pressured by increasing pandemic restrictions. On the other hand, Euro and Sterling
RBA minutes due at 0130 GMT AUD/JPY slumped as low as 79.89 yesterday, just above the July low of 79.84. It’s since rebounded 30 pips but remains within the danger zone as we count down to the minutes of the August 3 RBA decision. For me, this chart doesn’t look great. The temptation is to
Federal Reserve Chairman Jerome Powell adjusts his tie as he arrives to testify before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, July 15, 2021. Kevin Lamarque | Reuters Shifting policy views amid unexpected economic data have opened the door
The XAU/USD pair staged an impressive rebound in the second half of the previous week and managed to close in the positive territory. The risk-averse market environment on Monday, however, made it difficult for the pair to preserve its bullish momentum. As of writing, gold was down 0.45% on a daily basis at $1,771. The
North American retail giant Walmart is looking for an experienced crypto expert who can develop and drive an ambitious digital currency strategy and product roadmap. In the listing for the role, Walmart indicates it is looking for someone who has a track record in leading and scaling businesses, with at least 10 years of experience
Singapore is reportedly the next port of call for Kakao’s globalization agenda for its legacy blockchain platform Klatyn. According to a report by The Korea Herald on Monday, Kakao has established two new blockchain-based entities — the Klatyn Foundation and Krust — in the city-state. The Klatyn Foundation is a non-profit organization while Krust serves
Being a crypto-friendly country has paid off in terms of adoption, as a new study about Singapore revealed. “The State of Crypto in Singapore Report 2021,” conducted by crypto exchange Gemini in partnership with CoinMarketCap and Seedly, found that more than two-thirds of Singaporeans who have financial investments currently hold crypto. The report, which sampled 4,348
Latest data released by the SNB – 16 August 2021 Domestic sight deposits CHF 639.3 bn vs CHF 635.9 bn prior Prior week’s release can be found here. A decent increase in overall sight deposits as it looks like the SNB is starting to come back into the picture after having seen EUR/CHF fall to
Risk tones remain more defensive but not quite as much as earlier in the day A snapshot of the risk barometers in the market reveals that the softer risk sentiment is still prevailing but things are slightly calmer in European trading so far: 10-year Treasury yields down 2.2 bps to 1.275%; low hit 1.248% WTI
Risk tones continue to stay on the defensive US futures looked to have calmed down a little mid-way through European morning trade but are now pulling back lower again as we’re about 30 mins from London midday. S&P 500 futures are down to the lows for the day with Nasdaq futures and Dow futures also
Remarks via state media Will strengthen fiscal, monetary policies to support employment Will improve policies to counter rise in commodity prices Will step up cross-cyclical adjustments, keep economic operations within reasonable range When it comes to China, the mention of these remarks tends to provide some idea on how they would be going about any
Gold prices hovered near a one-week high on Monday, as a plunge in US consumer sentiment allayed some concerns of an early tapering by the Federal Reserve. FUNDAMENTALSSpot gold was flat at $1,779.51 per ounce by 0100 GMT, having earlier hit a high since Aug. 6 at $1,780.82. US gold futures were up 0.2% to
NEW DELHI: Gold prices held near a week’s high level on Monday. A plunge in US consumer sentiment allayed some concerns of an early tapering by the Federal Reserve. Gold futures on MCX were marginally up 0.08 per cent, or Rs 37, at Rs 46,977 per 10 gram. Silver futures shed 0.09 per cent, or
It’s all about the consumers. After slowing core inflation and sharp deterioration in sentiment, Dollar took a steep dive towards the end of the week. Markets are suddenly less sure about a tapering announcement by Fed in September, not to mention anything concrete from Jackson Hole symposium later in the week. The greenback ended the
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