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Yen’s down trend continued last week and even accelerated against commodity currencies. Persistent rally in benchmark yields, rebound in stocks, and diverging central bank expectations are expected to weigh on Yen further. Meanwhile, expected rate hike by Fed and BoE didn’t provide much support to Dollar and Sterling, as both closed among the weakest. On

I don’t know if there’s anything new here. If anything this sounds a bit softer than some of the earlier readouts. Biden stressed to Xi that providing material support to Russia would have consequences not just from the US but the wider world Laid out to Xi in detail the unified response from the private

LONDON: You can tell the London Metal Exchange (LME) is new to price limits. The venerable 145-year-old institution’s first attempt to restart its broken nickel market was over in chaotic minutes on Wednesday as the price immediately fell to – and briefly through – the lower 5% daily limit at $45,590 per tonne. Thursday’s restart

Markets: Gold down $22 to $1919 US 10-year yields down 5 bps to 2.14% WTI crude oil up $1.74 to $104.72 S&P 500 up 50 points, or 1.2%, to 4452. AUD leads, JPY lags The tone in Europe was negative and US equity futures were slated for declines but the mood in New York picked

Gold dipped on Friday as the dollar strengthened, with prices on course for their worst week in nearly four months as some of the safe-haven demand spurred by Russia’s invasion of Ukraine cooled. Spot gold slipped 0.5% to $1,932.20 per ounce, as of 1002 GMT. U.S. gold futures fell 0.5% to $1,933.10. The dollar firmed,

The tide seems to be turning just ahead of the weekend. Swiss Franc is rebounding notably while Dollar is also firmer up. On the other, Euro reverses earlier gain and trades broadly lower. Nevertheless, Yen’s weakness persists and it’s extending recent decline against the greenback. Commodity currencies are steady, however, while Canadian Dollar has no

The lead in to the Asia session: Ahead of the Bank of Japan policy statement we saw some moves for major FX but most of them were round trips. EUR/USD, for example, moved back towards it overnight high, but fell a little short of 1.1120 before retracing back to circa 1.1090 and then below. It

MELBOURNE: Oil prices extended their rally on Friday at the end of a third volatile week of trade as there was slim progress in peace talks between Russia and Ukraine, raising the spectre of tighter sanctions and a prolonged disruption to oil supply. A speech by Russian President Vladimir Putin on Thursday warning “traitors and

Yen remains the weakest one for the week, following the extended rebound in US stocks overnight, and persistent strength in treasury yields. Swiss Franc and Dollar are also soft as distant second and third. Meanwhile, Euro is currently the best week performer, followed by Aussie and then Kiwi. Sterling’s rally attempt was capped by the

Signs are emerging of a fresh rise in covid cases in much of the world. I don’t think that’s a big problem for markets, even if it further dampens growth in the months ahead. The big exception remains China, which helped to roil markets at the start of the week by reporting a big jump

The Federal Reserve‘s potential softening of the stance on tightening and macroeconomic uncertainty bodes well for gold, feel experts, although they add given some easing off geopolitical tensions the outlook remains uncertain. The Fed on Wednesday hiked its key interest rate by 25 basis points, a move that was largely priced in given the elevated

Sterling dips notably after the dovish rate hike by BoE. Yen is following as second worst for the day, then Dollar. On the other hand, Aussie is leading other commodity currencies higher, support by strong job data. Euro is mixed with Swiss Franc, closely watching developments in Ukraine. In other markets, Gold is attempting a

The turnaround since yesterday has been rather remarkable as hopes for stimulus is buoying sentiment in Chinese markets over the past two days. Yes, the “plunge protection team” may be in play too but it is quite the rebound when you look at the charts: The CSI 300 index is looking to hang on at

MUMBAI – India’s annual gold production could surge to 20 tonnes from a mere 1.6 tonnes if the government removes bureaucratic hurdles and encourages investment in the sector, the World Gold Council (WGC) said in a report published on Thursday. The South Asian country is the world’s second-biggest consumer of the metal and fulfils most

The financial markets have responded rather well to Fed’s rate hike overnight. The close in major US indexes was strong while Asian stocks also follow higher. Yen is clearly pressured and is extending recent decline, following rally in benchmark treasury yields. On the other hand, Australian and Canadian Dollar are strong. Dollar and Euro are

Markets: AUD leads, JPY lags WTI crude oil down $1.66 to $94.77 US 10-year yields up 1 bps to 2.17% US 2-year yields up 6 bps to 1.91% Gold up $11 to $1928 S&P 500 up 2.1 The lead up to the FOMC rate decision involved steady selling in the US dollar on hopes for

Lane was among a small group of officials who worried it was hiding in plain sight — that the likes of Glencore Plc, Cargill Inc., Vitol Group and Trafigura Group, the secretive giants that underpinned global trade in natural resources, represented a systemic financial risk. “Could the failure of one of the large trading houses

Canadian Dollar surges broadly in early US session after stronger than expected consumer inflation reading, which solidifies the case for more tightening from BoC. Though, as for today, Aussie is still the strongest, as helped by the massive rebound in China stocks earlier. Yen is turning soft again but following global risk rebound, and more