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Being the first Friday of the month, the day sorta felt like it should have been an employment day. However, because of the quirks of the shortened calendar month of February, this Friday was void of the big job report. That data will have to wait until next week, when both the US and Canada

Oil prices slumped on Friday after the Wall Street Journal reported that the United Arab Emirates had an internal debate about leaving OPEC and pumping more oil, but retraced some losses after a source told Reuters this was not true. Brent crude futures were down 71 cents, or 0.8%, at $84.04 a barrel by 1456

Yen and Swiss Franc recovered today following pullback in benchmark US and European yields. Dollar and Canadian are the softer ones for today while European majors are mixed. Hawkish comments from ECB officials are shrugged off by the common currency. Instead, Euro turned softer after weaker than expected PPI inflation data. Technically, CHF/JPY’s rebound from

Canadian building permits Prior was -7.3% (revised to -7.7%) Value at $9.8 billion Residential -6.6% Non-residential +0.7% Multi-family -8.3% I wouldn’t take too much of a signal from January building data in Canada but I would be somewhat concerned, especially given where interest rates are. The spring housing market in Canada will be pivotal. The

Gold prices rose on Friday and looked set to post their biggest weekly gain since mid-January, as the US dollar eased while traders assessed prospects of further rate hikes by the Federal Reserve. On Friday, Gold futures were up 0.28% or Rs 160 to trade at Rs 55,899 on MCX. Analysts stated that interest rate

The forex markets saw limited movement in Asian session today, with most major pairs and crosses remaining within yesterday’s range. While Aussie is trading slightly higher, there is no decisive momentum. For the week, Kiwi is currently the strongest, followed by Euro and then Aussie. Meanwhile, Yen is performing worst, followed by Dollar and Swiss

Additions were due to nuclear and missile-related activities supporting China’s military human rights violations support for Russian military No further details at this stage. — The Commerce Department Entity List is a list of foreign companies, organizations, and individuals that the U.S. Department of Commerce has determined pose a national security risk to the United

Gold prices declined by Rs 295 to Rs 55,700 per 10 grams in the national capital on Thursday amid weak global trends, according to HDFC Securities. In the previous session, the precious metal had settled at Rs 55,995 per 10 grams. Silver also tumbled by Rs 640 to Rs 64,380 per kg. “Spot gold prices

Dollar is fighting back today as jobless claims data continue to show tightness in the labor market. Following the greenback, Canadian dollar is the second strongest currency, surging in crosses. Meanwhile, Euro has failed to show a bullish reaction to stronger-than-expected consumer inflation data, disappointing traders. The common currency is even retreating notably against Swiss

The weekly US initial jobless claims in continuing claims for the current week shows: initial jobless claims 190K versus 195K estimate. Prior week 192K 4-week moving average of initial jobless claims 193K versus 191.25K previously continuing claims 1.655M versus 1.665 million estimate. Prior week revised to 1.660M versus 1.654M previously reported Like a broken record,

Oil prices inched up in early Asian trade on Thursday, extending gains from the previous two sessions on signs of a strong economic rebound in China, the world’s top oil importer, which offset worries about a rise in U.S. crude inventories. Brent crude futures rose 12 cents, or 0.1%, to $84.43 a barrel at 0231

Euro is digesting this week’s gains in Asian session, as traders turn their focus to flash CPI data from Eurozone. Market analysts believe that a 50bps hike by ECB this month is already a “done deal”, as affirmed by rate-setters on several occasions. However, how far ECB will go with tightening measures depends very much

Building permits data can be ‘lumpy’, with multi-unit approvals varying month to month. But there’s lumpy and there’s this. Minus 27 odd per cent is a huge slump in a month, cushioned somewhat by the +18 % the previous month. Permits have been on a downward slope as the Reserve Bank of Australia have hiked

Oil edged lower on Wednesday, giving up earlier gains as signs of ample supply and rising U.S. crude inventories countered hopes for higher demand arising from a jump in manufacturing in top crude importer China. Brent crude was down 17 cents, or 0.2%, at $83.28 a barrel by 1455 GMT. U.S. West Texas Intermediate (WTI)

Two major themes are vying for attention today. Euro has seen broad gains following hawkish comments from Bundesbank President Joachim Nagel. In contrast, the remarks of BoE Governor Andrew Bailey have left Sterling struggling to keep pace. As these European majors trade blows, the Swiss Franc has been pushed higher too. Meanwhile, both Australian and

Prior +8.7% CPI +0.8% vs +0.6% m/m expected Prior +1.0% HICP +9.3% vs +9.0% y/y expected Prior +9.2% HICP +1.0% vs +0.7% m/m expected Prior +0.5% As expected from the state readings earlier, German headline annual inflation comes in above estimates and similar to the January reading. The EU-harmonised reading comes in slightly higher in

Oil prices rose for a second day on Wednesday as reports of expanding manufacturing activity in China, the world’s biggest crude importer, boosted the outlook for global fuel demand. Brent crude oil for May was up 24 cents, 0.3%, to 83.69 a barrel at 0214 GMT. The April contract expired on Tuesday up $1.44, or

Asian markets traded on a positive note as sentiment was lifted by better-than-expected economic data from China. The strong performance of Hong Kong stocks was a clear indication of the positive outlook Commodity currencies staged a remarkable rebound, as led by New Zealand Dollar. In contrast, the Yen and the Dollar experienced mild weakness during