The Brent crude oil benchmark hovered above $80 a barrel on Thursday, with demand concerns and a waning war-risk premium having triggered a selloff over the past week. Brent crude futures were up $1, or about 1.3%, at $80.54 a barrel by 1445 GMT. U.S. West Texas Intermediate (WTI) crude futures rose $1.01, also about
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As US session unfolds, the Dollar is showing signs of rally, buoyed by recovery in benchmark treasury yield. This modest uplift comes despite a general lack of direction owing to a sluggish risk sentiment across markets. Euro is losing momentum as its earlier recovery falters, whereas other European majors are also on the back foot.
China asks brokerages to curb leveraged stock trades FULL STORY China’s securities watchdog is asking brokerages to restrict leverage available to hedge funds that borrow large sums of money via a complex derivative business to trade stocks, three sources told Reuters. Hedge funds using the so-called DMA-Swap strategy were told by their brokers late on
Gold prices fell on Thursday as investors preferred booking profit in the absence of triggers for bullion. The prices in gold and silver declined despite a weak dollar index (DXY). MCX December gold futures were trading at Rs 59,901 per 10 gram, up by Rs 108 or 0.18% from the Thursday closing price. Meanwhile, the
Euro is showing signs of fortitude in relatively subdued market conditions today. The overnight rebounds in EUR/USD and EUR/CHF indicate that bearish traders are hesitating to drive the market, while EUR/JPY continues its upward stride. On the other hand, Dollar is engaged in a tight contest with Euro, mostly reversing its losses from the previous
US m/m inflation CPI This week is dismal on the economic data front but next week begins to get interesting because of the November 14 release of the latest US CPI report. It’s still early for estimates but the consensus so far is +0.1% m/m on the headline. That’s coming on the heels of +0.6%
Oil prices slid more than $1 on Wednesday to their lowest in more than three months on concern over waning demand in the United States and China. Brent crude futures fell $1.11 to $80.50 a barrel by 1311 GMT and U.S. crude lost $1.20 to $76.17, with both benchmarks registering their lowest levels since late
Dollar making efforts to continue this week’s rebound, but momentum appears to be lacking, except against Yen. Additionally, its ascent is being challenged by Swiss Franc, which currently stands as the day’s strongest performer, propelled by substantial buying against Euro and Sterling. Commodity currencies are capitalizing on the stabilizing risk sentiment, slowly clawing back against
German inflation eases to 3.0% in October German inflation eased in October to 3.0%, the federal statistics office said on Wednesday, confirming preliminary data. German consumer prices, harmonised to compare with other European Union countries, had risen 4.3% year-on-year in September. CPI (MoM) (Oct) $EUR Actual: 0.0% Expected: 0.0% Previous: 0.3% CPI (YoY) (Oct) $EUR
Gold traded with minor gains on Wednesday having fallen to a two week low on Tuesday ahead of Dhanteras as the risk premium of the ongoing Israel-Hamas war loses steam. The Street now awaits cues on interest rate outlook from the US Federal Reserve. While the Central Bank left interest rates unchanged in the last
Dollar found itself hovering within a narrow range during Asian session, as market participants paused to reflect on recent comments from hawkish Fed members hinting at more tightening. Despite these hawkish tones, the overall risk mood found its footing after the US markets displayed resilience, with only a slight dip in Asian equities following suit.
I have been waiting for signs to evaluate whether real money was going to FOMO into bonds and early returns suggest the appetite is there. Yields retraced on Monday after last week’s big fall but they’re lower again today, led by a 12 bps fall at the long end. US 10s are down 11 bps
Oil prices hit fresh 2-1/2-month lows on Tuesday as mixed economic data from China offset the impact of Saudi Arabia and Russia extending output cuts. Brent crude futures were down $2.11, or 2.5%, at $83.07 a barrel as of 1428 GMT while U.S. West Texas Intermediate crude was at $78.77 a barrel, down $2.05, or
As markets across the globe confront a wave of cautious sentiment, Dollar finds itself in a position of strength, capitalizing on a shift in investor mood. European trading sessions have mirrored the apprehensive tone set by Asian markets, although early signs from US pre-markets suggest that the intense selling pressure may be subsiding. Swiss Franc
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Gold price rally of 7% or Rs 3,900 per 10 gram over the last one month has met a speed breaker amid a falling risk premium on Israel-Hamas war and latest assertions by Federal Reserve Bank of Minneapolis President Neel Kashkari saying that the US Central Bank will have to do more work to control
Australian Dollar is taking a surprising dip today despite RBA’s anticipated decision to raise the cash rate target by 25bps. Investors have taken this opportunity to lock in profits, influenced by the central bank’s softened rhetoric on the immediate need for further rate hikes. It appears RBA is likely to pause again to evaluate the
GBPUSD daily A worrisome candle is shaping up on the daily cable chart. The pair rose to the highest since September 14 today at 1.2428 but it’s since given back all the daily gains in a fall to 1.2371 as is trading fractionally lower. The Bank of England last week followed the Fed to the