Risk-on sentiment is pressuring Yen and Dollar today, while Euro and Swiss Franc are not too far away. On the other hand Sterling is the strongest, while Aussie leads other commodity currencies. US futures are trading higher suggesting that DOW and S&P 500 are on track to extend record ones. The question is whether buying
News
US House majority leader Hoyer speaking US House Majority Leader Steny Hoyer (D- Maryland) is on the wires saying: Democrats are hopeful negotiations on domestic investment bill will be completed in the next few hours Hope bipartisan infrastructure bill passes house this week Says no agreement yet among Democrats on how to increase US debt limit
New Delhi: Gold in the national capital on Tuesday declined marginally by Rs 5 to Rs 47,153 per 10 gram following weak global trends, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,158 per 10 gram. Silver slumped Rs 287 to Rs 64,453 per kilogram from Rs 64,740
The surge in electricity price has haunted the Eurozone since the last ECB meeting. Meanwhile, heightened inflation expectations have moved forward market pricing of the first post-pandemic rate hike to end-2022, significantly ahead of the central bank’s estimate. We expect policymakers to make use of the October meeting to address these issues, although the monetary
Forex news for Asia trading on Tuesday 26 October 2021 It was a day of not a lot of notable news nor data. The Australian dollar chopped around while overall gaining ground while USD/JPY was a bit more of a steady move upwards. Neither of the ranges for these two pairs was overly large, but
TOKYO: prices edged lower on Tuesday, taking a breather from a sustained rally driven by strong demand in the United States, the world’s biggest consumer of oil and its products. Brent crude was down 20 cents or 0.2% at $85.79 a barrel by 0143 GMT, after gaining 0.5% on Monday. U.S. oil was down 21
Euro drops broadly today after slightly weaker than expected German sentiment. Bundesbank also warned of significantly lower growth in Germany in Q4. Swiss France is following as second weakest. Yen is also soft following rally in major global treasury yields. On the other hand, Aussie is currently the strongest for today, followed by Dollar. Technically,
Dallas Fed October manufacturing index +14.6 vs +4.6 prior Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT Dallas Fed survey of manufacturers for October: Prior was +4.6 Production index at +18.3 vs 24.2 prior New orders +14.9 vs 9.5 prior Prices paid +76.3 vs 80.4 prior Wages and
New Delhi: Gold in the national capital on Monday rose by Rs 182 to Rs 47,023 per 10 gram in line with rally in international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,841 per 10 gram. However, silver declined by Rs
As further QE tapering to CAD 1B/week has been fully priced in, the focus of this week’s BOC meeting is the forward guidance on rate hike. The market has priced in 3 rate hikes in 2022. We expect the central bank to maintain the guidance that a rate hike would come when “economic slack is
Gold prices held steady on Monday after cutting gains in the prior session on U.S. Federal Reserve chief Jerome Powell’s comment that inflation could ease next year and the central bank was on track to start tapering its stimulus. FUNDAMENTALS * Spot gold was little changed at $1,792.95 per ounce by 0148 GMT. U.S. gold
Xi speaking, aiming his comments at the US and its allies. Relations between the US and China are thawing a little but its not smooth sailing yet. Xi speaking along the ,lines that: China has always worked together with people across the world in defending intl fairness and justice. China firmly opposes hegemony and power
One for the Turkish lira traders. Erdogan hasn’t stopped at sacking senior officials at the central bank. From earlier this month: Erdogan said on Saturday that he had told his foreign ministry to expel the ambassadors of Canada, Denmark, France, Germany, the Netherlands, Norway, Sweden, Finland, New Zealand and the United States Seven of those
Gold inched higher and was poised for a second weekly gain on Friday, as a softer provided some respite against higher U.S. bond yields and rising expectations that central banks could begin easing economic support. FUNDAMENTALS * Spot gold rose 0.1% to $1,785.00 per ounce by 0216 GMT. U.S. gold futures edged 0.2% higher to
The new tax will be levied on residential and non-residential property, but not to rural residences. An earlier pilot scheme was implemented in 2011 in two cities at rates from 0.4% to 1.2% on higher-end housing and second homes, and has not as yet been applied in more cities. There are few details of the
Petrol and diesel prices were hiked for the fourth straight day on Saturday. Fuel rates in India now touch an all-time high across the country with a 35 paise a litre hike. Petrol and diesel in Delhi is now priced at Rs 107.24 per litre and Rs 95.97 per litre respectively today. In Mumbai, petrol