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Urad, and Moong. In the crop year 2022-23, Tur production would remain lower by 9.8% year on year to 3.47 MMT against 3.84 MMT in the previous year. Tur production would drop in Karnataka by 10% to 0.84 MMT, in Maharashtra by 23% to 0.90 MMT and in Telangana by 42% to 0.15 MMT while

The tone of the markets was well set by Fed Chair Jerome Powell’s indication of smaller rate hike in the upcoming FOMC meeting. The biggest reactions were found in treasury yields, which decline was surprisingly steep. US stocks ended higher but upside momentum appeared to be diminishing. Dollar was sold off broadly and closed as

We’re back to where we started. US markets have completely erased the moves after the strong non-farm payrolls report. The S&P 500 is now down just 5 points to 4071 and on track for a weekly close above 200-day moving average for the first time since April. It’s an impressive performance. More curious is the

The US has welcomed the USD 60-per-barrel price cap on Russian oil, describing it as an “important tool” that will benefit emerging markets and low-income economies and further cripple President Vladimir Putin‘s finances used to fund his “brutal invasion” on Ukraine. The European Union reached a deal on Friday for a USD 60-per-barrel price cap

Market are back in full risk-on mode after Fed Chair Jerome Powell affirmed that smaller rate hike would be delivered in December. Positive sentiment continued in Asia with China softening some of its pandemic restrictions. Dollar is in broad based selloff, followed by Canadian Dollar and Swiss Franc. Yen is currently the strongest one, responding

Markets: Gold down $5 to $1797 WTI crude oil down 99-cents to $80.22 US 10-year yields down 2.4 bps to 3.50% S&P 500 down 10 points to 4072 JPY leads, CAD lags The US dollar was soft all week in the lead-up to non-farm payrolls and that was particularly true of USD/JPY in the hours

LONDON -Oil futures were mixed on Friday ahead of a meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday and an EU ban on Russian crude on Monday. Brent crude futures were up 37 cents, or 0.4%, at $87.25 per barrel by 1441 GMT. U.S. West Texas Intermediate (WTI)

Dollar rebounds notably after a set of solid non-farm payroll data, with strong wage growth. US stock futures take a dive in response to the news, while treasury yields recover. Australian Dollar appears to be responding most negatively for now, as pressured by risk-off sentiment too. But Euro and Sterling are not far away. Yen

Prior +1.6% PPI +30.8% vs +31.5% y/y expected Prior +41.9% Euro area producer prices fell more than expected in October and that is a welcome sign that perhaps inflation pressures may ease further in the months ahead. It marks the first time that producer prices have declined on a monthly basis since May 2020. Looking

New Delhi: Gold prices eased on Friday ahead of the US jobs report, but were set to gain for the week amid a soft dollar on prospects of slower US Federal Reserve rate hikes and signs of cooling inflation. Investors await the US Labor Department’s non-farm payrolls data due later in the day for clues

Yen is apparently the biggest winner against the broadly pressured Dollar. Steep declines in US and European benchmark yield gave the Japanese currency much support. Euro is currently the better performer among European majors. Canadian Dollar clearly lags behind other commodity currencies. The greenback will now look into this non-farm payroll data today, which might

Oil rose about $1 a barrel on Thursday, supported by the potential for OPEC+ to cut supply further and as easing COVID curbs in China raised the likelihood of higher demand from the world’s top crude importer. Crude also gained support from dollar weakness prompted by euro zone factory data and the Federal Reserve Chair

Dollar’s selloff picks up momentum in early US session after PCE inflation slowed more than expected in October, while core PCE also declined. The data give a nod to Fed Chair Jerome Powell’s comment that smaller rate hikes could start in December. Yen is the better performer as supported by extended pull back in US

The UK manufacturing sector continues to contract in November, with output, new orders and employment all falling further on the month. Meanwhile, business sentiment also dips to its lowest level since April 2020 as the outlook deteriorates markedly. The only consolation is that inflation pressures are easing a little, with input prices falling to a

Oil prices nosed ahead in early Asian trade on Thursday, lifted by signs of tighter supply and by optimism over a Chinese demand recovery. Brent crude futures rose 5 cents, or 0.06%, to $87.02 per barrel by 0115 GMT while U.S. West Texas Intermediate crude futures rose 16 cents, or 0.2%, to $80.71. The giant

Overall, the forex markets are very cautious for now, awaiting the key events of the week, including Eurozone CPI flash today and US non-farm payrolls on Friday. There is no breakthrough in the unrest in China, with reports of escalation in protests in manufacturing center of Guangzhou. Yen and Dollar are now the stronger ones

The market was focused on the Fed Powell today. Would he soften up his post FOMC comments and provide the market a reason to start a lower dollar —> higher stocks–> lower yields–>even lower dollar–>even higher stocks –> and even lower yields cycle? That is the cycle for the “risk on” traders and the answer

Oil prices rose by over $2 on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery. But the likelihood that OPEC+ will leave output unchanged at its upcoming meeting limited the gains. Brent crude futures rose $2.22, or 2.67% to $85.25 per barrel by 1340 GMT. The more