Overall market sentiment is stable, with major Asian indexes mixed, following the recovery in US stocks overnight. Yen and Dollar soften slightly after turning into consolidations, but Swiss Franc is still strong. Commodity currencies are mixed with no follow through buying with the current rebound attempt. In other markets, Gold is struggling in tight range
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Regeneron and Lilly antibody drug cocktails reportedly lose effectiveness against the omicron variant Invest in yourself. See our forex education hub. This according to a WSJ report, with Regeneron saying that its COVID-19 antibody drug cocktail was found to lose effectiveness against omicron based on preliminary tests. Adding that perhaps there needs to be a
New Delhi: Gold in the national capital on Tuesday jumped Rs 41 to Rs 47,217 per 10 gram in line with rally in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,176 per 10 gram. Silver in contrast dipped Rs 667 to Rs 61,337
The USD has been offered since prior to the US (equity) cash market close and that is continuing. USD/JPY has found a bid alongside which is net therefore pushing yen crosses higher. AUD, EUR, GBP, NZD, CAD all performing . Fresh news flow is … nothing (apart from what has been posted already) Omicron fears
New Delhi: Gold in the national capital on Thursday rose by Rs 65 to Rs 46,012 per 10 gram in line with a jump in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 45,947 per 10 gram. Silver also gained Rs 490 to Rs
Worries about Omicron remains a main theme in the markets. Nikkei takes a dive after Japan announced to close its borders to all foreigners as Prime Minister Fumio Kishida said he’s taking measures with a “strong sense of crisis”. The forex markets are relatively quiet for now, with Yen and Swiss Franc digesting some of
Calmer tones prevail after Friday’s rout European indices are up 0.3% to 0.7% while S&P 500 futures are up 0.6% as risk trades are holding up so far on the day. The Omicron variant worries are still the main thing to watch out for but as mentioned earlier, essentially “no news is good news”. We’ll
Industry body Soyabean Processors’ Association of India (SOPA) has strongly opposed the demand of the poultry industry for extension of shipment period for import of soyameal, a by-product of soybean processing for manufacturing oil, upto March 31, 2022. SOPA has claimed that the demand and supply situation of soyameal in the country is comfortable as
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Rough diamond prices have risen about 10% owing to supply concerns amid a new Covid-19 variant, Omicron, spreading in South Africa and Botswana. These two nations have some of the biggest mines of De Beers, the largest diamond miner in the world. The surge in diamond prices coupled with a possible supply side constraint has
Hawks were thrilled with Biden’s nomination of Jerome Powell for the second term, thinking that his chairmanship would lead to more rate hikes in the coming year, than that of Lael Brainard, initially viewed as the leading candidate of the Fed Chair in the next term. She is now nominated as the vice chairman. US
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
New Delhi: With the introduction of norms for silver exchange traded funds (ETFs), investors will be able to invest in silver in a more liquid manner and can help in diversification of the portfolio, experts said on Sunday. The Securities and Exchange Board of India (Sebi) came out with operating norms for silver ETF, whereby
Investor confidence was shattered by the news of the heavily mutated B.1.1.529 coronavirus variant, now called omicron. WHO warned that this variant has a large number of mutations, some of which are concerning. It added that preliminary evidence suggested an increased risk of reinfection with this variant. It may also have a growth advantage to
Negotiations between Iran and the US, with European diplomats as intermediaries, begin on Monday, November 29, in Vienna. Talks are aimed at reviving the nuclear accord. Iran is making plans to once again access world oil markets (if it is successful in having sanctions removed). Comments from managing director of the National Iranian Oil Co., Mohsen Khojastehmehr, were
MELBOURNE: prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy U.S. fuel demand. U.S. West Texas Intermediate (WTI) crude futures fell 9 cents, or 0.1%, to $78.30 a barrel at
New Zealand Dollar weakens in Asian session after RBNZ rate hike, and leads other commodity currencies lower. Dollar firms up mildly as it’s ready to extend recent rally, except versus Yen for now. European majors are mixed, with Sterling have a mild upper hand against Euro and Swiss Franc. Gold is treading water below 1800