It’s a greek letter So the rumours was it was going to be called Nu (another greek letter that looks like this ‘v’) . The next letter after Nu would be Xi. It looks weird, and I don’t know the unicode for the keyboard, but here is a picture of it. The left hand letter
News
SINGAPORE: prices slid more than 1% on Friday on concerns that a global supply surplus could swell in the first quarter following a coordinated release of crude reserves among major consumers, led by the United States. Brent crude futures extended declines for a third session, falling 96 cents, or 1.2%, to $81.26 a barrel by
The new coronavirus variant is the main them in the markets today, sending global stocks and benchmark treasury yields sharply lower. Yen and Swiss Franc are trading sharply higher, followed by Euro. Commodity currencies tumble sharply on risk aversion but Sterling and Dollar are also pressured. For the week, Swiss Franc is now the strongest
Risk off reigns Black Friday sale hits the markets. Did you grab a bargain? The session begun with a clear risk off footing. However, the initial early European risk off frenzy had slowed significantly by the time the session begun. At this stage it is hard to really read too much into these risk off
NEW DELHI: Risk of another wave of Covid pandemic, thanks to a mutation detected in South Africa, increased the appeal of bullion counters on Friday as investors took a flight from risky assets. Indian authorities alerted all states about the new variant and asked them to rigorously screen and test travellers coming from or transiting
Risk-aversion dominates Asian markets today as new coronavirus variant sinks investor sentiment. Australian Dollar is leading other commodity currencies lower. Yen and Swiss Franc surge sharply, followed by Euro and Dollar. Overall, it’s flight to safety. The question now is, whether Aussie or Kiwi would eventually end as the worst performing one for the week,
Evergrande chairman, Hui Ka Yan, dipping into his own pocket to try and save the debt-stricken firm According to filings by the HKSE, Hui sold 1.2 billion shares in the company at an average price of HK$2.23 each yesterday – totaling to roughly $344 million – as he tries to follow word from local authorities
SINGAPORE: Brent slid nearly 4% to below $80 a barrel on Friday as a new COVID-19 variant spooked investors, adding to concerns that a global supply surplus could swell in the first quarter following the release of crude reserves by the United States and others. Oil fell in tandem with other financial markets on fears
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -5.98 mmb to 1217.89 mmb in the week ended November 19. Crude oil inventory added +1.02 mmb to 434 mmb, compared with consensus of a -0.48 mmb increase. Inventory increased in 3 out of
Tokyo CPI also coming up Holiday-thinned markets are more of an opportunity for retail than not. The temptation is to tune out and that’s fine — rest is an important part of success — but they’re worth tuning in for because once in awhile there’s news that’s market moving and it’s a rare time when
New Delhi: Gold rallied Rs 195 to Rs 46,625 per 10 gram in the national capital on Thursday in line with gain in international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,430 per 10 gram. Silver also jumped Rs 569 to
The forex markets are rather quiet in Asian session today. Trading will probably remain subdued with US on holiday. The greenback remains the strongest one for the week on speculation that the “transitory” yet persistent strong inflation would eventually force Fed to raise interest rate earlier. Canadian Dollar is currently the second strongest for the
NEW DELHI: Gold and silver futures prices were trading with gains on Thursday but comments from the US Federal Reserve policymakers suggesting the central bank could accelerate stimulus tapering kept the gains in check. A growing number of Fed policymakers indicated they would be open to speeding up the elimination of their bond-buying program if
Dollar mixed, equities keep a little higher Not a whole lot going on as the market starts to get in sync with the Thanksgiving holiday, with major currencies trading more mixed against the dollar while European equities are seeing slight gains across the board for now. European indices are up roughly 0.3% to 0.5% as
Dollar’s rally continues today and stays firm after much better than expected jobless claims data. Yen is following as second strongest on risk-off sentiment, as major European indexes and US futures are in red. On the other hand, New Zealand Dollar remains the worst performing one on post-RBNZ selloff, Aussie and Loonie are following. Technically,
Kolkata: BSE, India’s second-largest commodity exchange, has signed a Memorandum of Understanding (MoU) with the Madurai District Gold and Silver Merchant Association to provide an impetus for the growth and development of commodities and proposed Electronic Gold Receipt (EGR) market in India. Through this association, both entities, as well as the stakeholders they serve, will
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
The RBNZ raised the OCR by +25 bps to 0.75%, as we had anticipated. Policymakers sounded more cautiously about the economic outlook while reiterating the stance of continued reduction of stimulus. Kiwi extended recent correction after the announcement. On the monetary policy outlook, the central bank reiterated that “it remains appropriate to continue reducing monetary