Dollar is little changed after another set of solid job data. The greenback is trying to extend the near term recovery against Euro and Yen, but turns softer against Aussie. Euro also shrugs off much stronger than expected consumer inflation reading. Yen continues to consolidate in tight range, digesting recent losses. There is still prospect
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With the bond selloff resuming, USD/JPY is tracking higher although it is off its earlier high of 122.75 to 122.30-40 levels currently. The pair stays underpinned as month-end and quarter-end trading is also out of the way now, allowing traders to focus a little bit more with less uncertainty. The dollar in itself is trading
TOKYO – The International Energy Agency will hold an emergency meeting on Friday among consuming nations to discuss a new release of strategic reserves alongside a plan by the United States to pump massive supplies starting in May to cool soaring oil prices. Major consumers are seeking ways to ease the impact of global oil
The forex markets are rather steady in Asian session today. Focuses will turn to Eurozone CPI flash and US non-farm payrolls employment. Euro is so far still the strongest one for the week, but it will need some inspiration from inflation data to give it another lift. Dollar will particularly look into wage growth data
Markets: Gold up $2.50 to $1935 WTI crude down $7.01 to $100.85 US 10-year yields down 3 bps to 2.327% S&P 500 down CHF leads, EUR lags The US PCE inflation report was a tad cooler than the consensus but the market took little comfort in that with the Ukraine war sparking a fresh spike
March 31: Gold inched lower on Thursday but prices were set for their biggest quarterly gain since September 2020, as the Russia-Ukraine conflict lifted demand for the safe-haven metal. FUNDAMENTALS * Spot gold was down 0.3% at $1,926.46 per ounce by 0245 GMT. U.S. gold futures were down 0.4% at $1,931.00. * The metal has
Dollar rises in early US session with help from solid job and strong inflation data. But Yen is even stronger as it continues to pare back recent steep losses. On the other hand, Euro turned weaker again as the rally attempt faltered. Underlying momentum in the common currency is very disappointing, mainly because the uncertainty
The push and pull continues for the dollar this week with USD/JPY now inching back up to near 122.00 after having touched a low of 121.35 earlier in the session. Elsewhere, EUR/USD is also marked lower to 1.1123 as the greenback is seen advancing slightly across the board as well. A drop back below the
NEW DELHI: Gold prices inched lower on Thursday, in line with the global market mood, but were set for the biggest quarterly gain since September 2020. The spike in conflict between Russia and Ukraine lifted the demand for safe-haven metal in the ongoing quarter. Gold futures on MCX were trading down 0.34 per cent or
Euro’s rebound made some progress overnight even though momentum was still weak. The common is nevertheless firm in Asian session. Dollar is also strengthening up slightly, together with Sterling and Swiss Franc. Yen is consolidating in tight range as earlier recovery is losing some momentum. Commodity currencies are mixed for now. Technically, EUR/USD’s break of
> Negotiations between Ukraine and Russia will recommence on Friday 1 April ukraine Online talks Eamonn Sheridan Wednesday, 30/03/2022 | 22:17 GMT-0 30/03/2022 | 22:17 GMT-0 Comments from a Ukrainian negotiator: during the latest talks Ukraine said the countries’ two leaders should meet, but Russia said more work needed to be done on a draft
March 30: Gold inched lower on Wednesday, hovering near a one-month low hit in the previous session, as Russia-Ukraine peace talks pointing towards progress dimmed bullion’s safe-haven demand, though a weaker dollar and a drop in yields limited losses. FUNDAMENTALS * Spot gold was down 0.2% at $1,916.30 per ounce, as of 0029 GMT. U.S.
Dollar is trading as the worst performing for the day, and receive no support from solid ADP private job data. The greenback is somewhat weighed down by extended retreat in benchmark US yields. On the other hand, Euro is supported by rising Germany benchmark yields, after consumer inflation hit the highest level in more than
In general, the selloff in the bond market is hitting a bit of a pause with Treasury yields backing down from the highs earlier in the week. Even the BOJ’s efforts earlier managed to see 10-year JGB yields move down from its implicit cap of 0.25% to 0.22%. 2-year Treasury yields are down 3.5 bps
NEW DELHI: Gold prices traded firm on Wednesday as a fall in US bond yields and weaker dollar boosted buying from support levels. Although progress in peace talks between Russia and Ukraine kept upside capped. Gold futures on MCX were trading up 0.45 per cent or Rs 229 at Rs 51,518 per 10 grams. Silver
It feels like the markets are turning a corner. Euro staged a strong rebound overnight on hope of cease-fire in Ukraine. Focus has then turned to Yen today, which is staging a notable recovery in Asia. On the other hand, both Dollar and Sterling are under some selling pressure. Commodity currencies are mixed for now.
Morgan Stanley’s Head of U.S. and European Credit Strategy Srikanth Sankaran speaking in an interview with Bloomberg TV. In a nutshell: rally in equity and credit markets on optimism about progress in cease-fire talks between Russia and Ukraine is just a temporary blip “The focus will definitely shift back to the central bank hawkishness” rally
National Commodity and Derivatives Exchange (NCDEX) and its Investor Protection Fund Trust on Tuesday launched the country’s first call center dedicated to farmers and Farmer Producer Organizations (FPOs) to impart complete knowledge about agricultural derivatives and related market infrastructure services. A media release issued by NCDEX said that the initiative will help farmers and FPOs