Markets: Gold flat at $1806 US 10-year yields down 8.5 bps to 2.89% WTI crude oil up $2.51 to $108.29 S&P 500 up 1.1% JPY leads, AUD lags This was a holiday-thinned trade with Canada out and many US traders heading out early for the long weekend but it was also the start of a
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Shares of tumbled nearly 9 per cent in morning trade on Friday after the government imposed an export tax on petrol, diesel and jet fuel (ATF). The government on Friday slapped an export tax on petrol, diesel and jet fuel shipped overseas by firms like , and imposed a windfall tax on crude oil produced
Markets start the first day of the second half dumping risk assets, from stocks to oil to gold and copper. Safe haven flow into treasury has indeed started overnight, pushing US 10-year yield back below 3% handle. In the currency markets, Yen rides on the negative sentiment and rises broadly. Aussie leads other commodity currencies
There’s an early close in the bond market today at 2 pm Eastern so it’s an abbreviated session but certainly not a quiet one. A crater in yields have turned into a large hold. US 5-year yields were down 22 bps at the lows but have trimmed that to just 12 bps. It’s similar across
New Delhi: Gold in the national capital on Friday rose by Rs 1,088 to Rs 51,458 per 10 grams, according to securities. In the previous trade, the precious metal finished at Rs 50,370 per 10 grams. Silver, however, fell by Rs 411 to Rs 58,159 per kg from Rs 58,570 per kg in the previous
Selloff in Aussie and Kiwi intensifies today following the steep decline in commodities. Safe-have flows continue to boost the Japanese Yen, which is additionally lifted by extended pull back in US and European benchmark yields. As for the week, Dollar is the strongest one, but the second placed Yen has the potential to overtake it.
Session wrap Forex news for Asian trading on Friday 01 July 2022 Crypto: Other: El Salvador’ s President Nayib Bukele announced on twitter that the country bought another 80 BTC, at US$19,000 each. BTC/USD has jumped from lows under $18,800 to back above $20K. In major FX the movers were yen crosses. We had a
Gold prices edged lower on Friday, and were on track for a third straight weekly decline, as rising U.S. Treasury yields weighed on demand for zero-yield bullion. FUNDAMENTALS * Spot gold was down 0.1% at $1,805.39 per ounce, as of 0103 GMT, after hitting a more than six-week low of $1,801.50 in the previous session.
Swiss Franc remains the runaway leader for the week so far. Dollar and Canadian are competing for the second place. On the other hand, New Zealand Dollar is the worst, followed by Sterling and then Euro. Yen is mixed for now. Overall market sentiment is indecisive with stocks lacking follow through buying to the near
There are some crosscurrents at the moment as equities bounce somewhat so the picture isn’t entirely clear but the US dollar is finding an extra gear into the London fix. It’s quarter-end so there will be some large fixing flows this week and Citi models (which I published earlier this week) called for USD strength.
New York: The OPEC oil cartel and allied producing nations decided Thursday to boost production of crude by an amount that will likely do little to relieve high gasoline prices at the pump and energy-fuelled inflation plaguing the global economy. The increase of 648,000 barrels per day in August leaves the world thirsty for oil
Euro is under broad-based pressure today as selloff against Swiss Franc spreads to other pairs. Yen is currently the best performer following another round of pull back in Germany, and to a lesser extent US, benchmark yields. Aussie and Kiwi are also recovering while Dollar is firm. But for the week, Swiss Franc is still
China’s official June PMIs posted a solid improvement in June as COVID restrictions eased back in major cities. All three PMIs (manufacturing, non-manufacturing and therefore the composite) moved above 50 and into expansion after 3 months in contraction. A spokesman from China’s National Bureau of Statistics (the publisher of these official PMIs) did flag that
Gold firmed on Thursday as U.S. Treasury yields dipped, but faces its worst quarter since early 2021, as the dollar cemented its place as the safe-haven asset of choice, amid top central banks adopting aggressive tactics against runaway inflation. FUNDAMENTALS * Spot gold was up 0.1% at $1,818.31 per ounce by 0115 GMT. U.S. gold
Risk-off sentiment is back in Asia today, after US stocks were sold off on poor consumer confidence data. In the currency markets, trading is relatively subdued, with Euro and Dollar trading in soft tone. Canadian Dollar and Swiss Franc are the strongest ones for the week. In particular, Swiss Franc is extending up trend against
Prior was +1956K Distillates +2559K vs +328K exp Gasoline +2645K vs -452K exp Refinery utilization +1.0% vs +0.5% exp This is a two-for-one report because of technical problems last week. The headlines for the latest week mirror the API data released late yesterday: Crude -3799K Gasoline +2852K Distillates +2613K Cushing -650K ADVERTISEMENT – CONTINUE READING
New Delhi: Gold price in the national capital fell by Rs 176 to Rs 50,649 per 10 grams on Wednesday, reflecting a decline in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 50,825 per 10 grams. Silver also fell by Rs 443 to Rs 59,725
Swiss Franc continues to rise broadly today, with additional help from selloff in Euro. The common currency is weighed down by Germany CPI, which unexpectedly slowed in June. But for now, Aussie, Sterling and Yen are even weaker than Euro. On the other hand, Canadian Dollar is second strongest as supported by rebound in oil