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LONDON -Oil prices extended gains on Monday, boosted by a weaker dollar and tight supplies as concerns over gas supply from Russia mounted, offsetting demand fears brought on by a possible recession and China lockdowns. Brent crude futures for September settlement rose by $4.41, or 4.26%, to $105.65 a barrel by 1235 GMT, having gained

Dollar, Yen and Swiss Franc are both under some selling pressure today, as overall risk sentiment improved. Sterling is currently the winner and Euro is not too far behind. Canadian Dollar leads commodity currencies, as Kiwi is somewhat lagging despite strong inflation data. The picture will depend on whether stock markets in the US could

It’s a relatively straightforward risk positive day as markets carry over the mood from Friday. Here’s a snapshot of the equities space at the moment: Eurostoxx +1.4% Germany DAX +1.3% France CAC 40 +1.4% UK FTSE +1.4% S&P 500 futures +1.0% Nasdaq futures +1.2% Dow futures +0.9% There isn’t much else for traders and investors

NEW DELHI: Gold prices were trading higher on Monday, thanks to the pullback in the US dollar. The dollar slipped against its rivals, moving further away from a near 20-year high hit last week, making greenback-priced bullion less expensive for buyers holding other currencies. Gold futures on were trading higher about 0.45 per cent or

Risk sentiment is positive as another week starts, with major Asian indexes trading higher while Japan is on holiday. Dollar is extending its near term pull back while Yen and Swiss Franc are also soft. On the other hand, New Zealand Dollar is lifted slightly by stronger than expected consumer inflation data, while Aussie and

Amos Hochstein is a senior U.S. State Department adviser for energy security, speaking on CBS’ “Face the Nation” over the weekend, said: “Based on what we heard on the trip, I’m pretty confident that we’ll see a few more steps in the coming weeks.” Reuters with the summary: Hochstein did not say which country or

Gold prices in the national capital on Friday fell by Rs 293 to Rs 49,970 per 10 grams amid decline in international precious metal prices, according to Securities. In the previous trade, the yellow metal settled at Rs 50,263 per 10 grams. Silver also tumbled by Rs 1,075 to Rs 54,326 per kg from Rs

US President Biden travelled to the Middle East to plead for higher oil output. I’ve seen plenty of “No, actually he went for …” . Sure, he had meetings on other issues, but for Biden, oil is the big concern right now. US mid-term elections are right around the corner and angry motorists will need

Precious metals, which rallied in the first half of the current calendar, have lost steam. They have seen deep cuts over the last few weeks, barely holding the key psychological levels. Market experts said the interest rate hikes amid inflationary pressures have dented the appeal of the safe-haven metal. Silver slipped below the Rs 55,000

Bloomberg is reporting that Italy’s PM Draghi is determined to quit. He will give it another shot next week. This week after getting through a vote of confidence without the support of the 5-Star Movement, Draghi headed over to see President Mattarella who sent him back home. Later, Draghi submitted his resignation again, this time

Gold market players are striving for some respite from the selloff that has mired the market since March when it topped the $2000/oz level. Gold fell 2% last week, marking its fifth consecutive decline, its biggest string of weekly losses since 2018 when it fell for six consecutive weeks. Gold has been falling and hitting

Dollar was the strongest one for most part of the week, and even breached parity against Euro. But the greenback pared gains on late turn in market sentiment, and ended as the second best only. Swiss Franc was surprisingly the best performer, while Kiwi was the third. Yen was the weakest one, as selloff continued

> Biden: Had a good series of meetings and Saudi Arabia Pres. Biden speaking after meeting with Saudi Arabia Had a good series of meetings and Saudi Arabia opening airspace is a big deal we have accomplished has some significant business with Saudi’s hopes it will lead to a broader normalization of relations hopes opening

There seems more to the easing of oil prices than just recession fears. Oil dropped below $100 per barrel earlier this week and remained under pressure. The market mood cooled and has moved into neutral territory as indicated by the futures positions, respectively the net-length exposure by non-commercial participants. We believe that the change in

Dollar is staying as the strongest major currency in the market for now. Yen and Swiss Franc are not performing too badly, as supported by mild risk-off sentiment. But Canadian Dollar is also resilient, awaiting BoC’s decision on whether to deliver a jumbo rate hike. Aussie and Euro are currently the worst, while Sterling is

The US retail sales were anticipated today along with the Univ. of Michigan consumer sentiment. Recall from last month, the sharp fall in consumer sentiment was a catalyst for the Fed to hike by 75 basis points as concerns about inflation threatened the growth prospects in the economy.. For retail sales, after stronger than expected

NEW YORK -Oil prices gained 2.5% on Friday after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up crude production. Brent crude futures were up $2.50, or 2.5%, to $101.60 a barrel by 11:39 a.m. EDT

Dollar is starting to pare back this week’s gains in early US session, after retail sales data were not materially stronger than expectations. It looks like EUR/USD could close the week above parity, and may start to stabilize for the near term. US futures are trading higher after the data and could point to a