MELBOURNE – Oil prices slipped on Tuesday in a second day of thin trading in Asia, pulled in opposite directions by China’s COVID-19 lockdowns, which could weigh on fuel demand, and prospects for a supply hit from a possible European oil embargo on Russia. Brent crude futures fell 23 cents, or 0.2%, to $107.35 a
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Australian Dollar rebounds broadly after the larger than expected rate hike by RBA, and takes up New Zealand Dollar too. But there is no clear follow through buying yet. Swiss Franc is currently the weakest one for the day, followed by Dollar and Yen. Apparently, overall development suggests steady risk sentiment, but that may not
There’s no real catalyst for the euro rally today but some broader USD weakness is making its way through, likely due to a slip in bond yields on the failure to get through 3% on 10s. The FOMC begins its two day meeting today so there could be some position squaring in euro shorts or
Akshaya Tritiya, it is very important to see how the gold prices have moved and what to expect over the next few months. There are several factors which have contributed to gold’s movement in the past few years — pandemic being a major one. Now, the focus will be shifting towards geopolitics, inflationary concerns and
Dollar is turning softer entering into US session, as traders might start to lighten up position ahead tomorrow’s FOMC rate decision. Commodity currencies are also soft, except Aussie which is supported by RBA’s hawkish rate hike. Yet, there is no clear follow through buying in Aussie. European majors, on the other hand, are trying to
With all the market holidays in Asia today forex liquidity is diminished. This is contributing to the sharpness of the moves. US equity index futures on the up also, this S&P Apart from what has already been posted no fresh news is evident more to come ADVERTISEMENT – CONTINUE READING BELOW
NEW DELHI: Beating inflation has become a daunting task for investors. Returns by fixed deposits are failing to compensate for 6 per cent-plus inflation, and so is the risky asset class equity that has performed even worse, falling 4 per cent in the first four months of 2022. As the spring festival Akshaya Tritiya draws
Dollar remains the firmer one today, in quiet markets, as traders are awaiting Fed’s rate hike, and forward guidance later in the week. Yen’s trading tone is so far positive, as risk markets lack buyers. Commodity currencies are weak together with Euro and Sterling. Aussie is the relatively steadier one as markets await tomorrow’s RBA
It’s a big week with the FOMC on Wednesday and non-farm payrolls Friday. Stock futures are modestly negative after the plunge on Friday so it’s going to be delicate trading. The focus on the economic calendar today is the manufacturing sector with the S&P Global PMI (formerly Markit) at 9:45 am ET followed by the
New Delhi: Gold in the national capital on Monday plunged Rs 745 to Rs 50,936 per 10 grams in line with the fall in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 51,681 per 10 grams. Silver also tumbled by Rs 1,228 to Rs 63,028
Dollar rises broadly again today but Asian session is a bit quiet with China and Hong Kong on holiday. Selling mainly concentrates on Aussie and Kiwi, with both breaking through last week’s lows. But Euro and Yen are not too far away. Sterling and Canadian are mixed for now. Three central banks will hike interest
Updating from the UK Times, the paper cites Ukrainian military sources: One said there were a “number of indicators” pointing to an attack in the near future A successful takeover would lead to Russian troops moving into the Black Sea port of Odesa, in Ukraine, from the west. “We believe the Kremlin has already taken
SINGAPORE: Oil edged lower on Friday as China‘s COVID-19 lockdowns weighed on the outlook for crude demand, although supply disruption fears as Western sanctions curb crude and products exports from Russia underpinned prices. Brent crude futures dipped 4 cents to $107.55 a barrel by 0040 GMT after rising 2.1% in the previous session. The front-month
The old adage is that stocks don’t bottom on Fridays. Of course, it’s also the final trading day of the month so that could have led to some special selling flows that could reverse on Monday as we begin May. On the day: S&P 500 -3.6% worst single day since June 2020. Lowest close since
April 29 : Gold prices edged higher on Friday as lower U.S Treasury yields outweighed pressure from an elevated dollar, but bullion was still headed for its biggest monthly drop since September on fears of aggressive interest rate hikes by the Federal Reserve. FUNDAMENTALS * Spot gold was up 0.1% at $1,897.01 per ounce, as
Bloomberg (gated) have the report, citing ‘people familiar with the matter’: European Union is set to propose a ban on Russian oil by the end of the year, with restrictions on imports introduced gradually until then EU also considering treating oil shipped via tankers and through pipelines differently, with the latter being easier to sanction
Gold was on a rollercoaster ride this month and ended lower, marking its first such decline in three months in April. Price rose in the early half of the month but lost momentum close to $2,000/oz level and corrected sharply to near $1,870/oz level before moving back close to $19,00/oz level. Gold has been directionless
China official PMIs for April 2022 • Manufacturing 47.4 vs. expected 48.0, prior 49.5 • Non-manufacturing 41.9 vs. prior 48.4 China Caixin /Markit Manufacturing PMI for April comes in at 46.0 • vs. expected 47.0, prior 48.1 The intensification of the COVID-19 outbreak and the associated lockdowns and restrictions across many centres in the country,