Dollar tumbles in US session after another huge non-farm payroll miss. On the other hand, Canadian Dollar surges notably after solid employment data. As for the week, the Loonie is now in a pole position to end as the strongest. Yen is still the worst performing, but we’d see if Dollar would over take its
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Inflation worries mount in the UK With the economy already seeing the reopening demand moderate and supply bottlenecks as well as labour shortages weighing, inflation worries are adding to concerns of a further slowdown towards the year-end. This definitely creates a bit of a “toxic” situation for the BOE as they will have to deal
Mumbai: The Securities and Exchange Board of India(Sebi) on Friday barred the National Commodity & Derivatives Exchange Limited (NCDEX) from launching any new mustard seed contract till further orders. The regulator has asked the agricultural commodity exchange not to allow any new position in respect of the running contracts but only squaring up of position.
Overall markets continue to be rather mixed for now. Commodity currencies rally in Asian session, as led by Aussie, following rebound in the stock markets. On the other hand, Dollar is turning softer again, together with Yen. Euro’s weakness is the more persistent development this week, in particular against other European majors. Trading today might
The earlier procedural vote required 60 of the Senators to vote yes, which has been done: The final tally was 61-38. One Senator didn’t vote. Was probably confused about Brexit or something, I dunno. Anyway, now for the final vote in the Senate on the two-month debt limit increase this will avert a default needs
mining stocks have made a lot of money in the past one year, riding on ever increasing spot prices in the international market. Now oil and gas prices have also started surging. This has convinced many in the market that commodities are in a supercycle. However, one domestic mutual fund house believes maybe investors are
Selloff in Euro remains the main theme in slow markets today. Return of risk appetite is also weighing down Dollar and Yen. On the other hand, commodity currencies are generally strong, with Aussie having an upper hand over Kiwi and Loonie. Sterling is mixed for now, partly supported by buying against European majors. While stocks
Forex news from the European trading session – 7 October 2021 Headlines: Markets: AUD leads, USD lags on the day European equities higher; S&P 500 futures up 1.0% US 10-year yields flat at 1.525% Gold down 0.1% to $1,760.40 WTI down 1.5% to $76.28 Bitcoin down 1.1% to $54,320 It was a quiet session for
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
For the first time in 7 years, the RBNZ increased the OCR by +25 bps to 0.5% in October. Policymakers pledged to tighten further in coming months as inflation pressure continues to exceed target. Policymakers remained hopeful about the economic outlook, suggesting that easing of pandemic-related restrictions could help return growth momentum. On economic developments,
Amongst a huge news day during the US timezone was this on the US debt ceiling: McConnell now suggesting Thursday as a vote. Democrats have already indicated they’ll be in assent. So, the vote looks set to pass (famous last words?) when it does happen. US government gets funded through to December when we can
NEW DELHI: Gold prices inched lower on Wednesday in the domestic market, following global cues. A firmer dollar and rise in Treasury yields weighed on the precious metal’s appeal. Investors focused on US non-farm payrolls data due later this week, which would be crucial to the Federal Reserve’s timeline for tapering economic support. Gold futures
The markets are back on risk-off mode again today, while major global treasury yields trade higher. Stronger than expected ADP job data provides little support to over sentiment. Yen is leading the way higher, followed by Dollar and Swiss Franc. On the other hand, despite RBNZ delivering the expected rate hike, New Zealand Dollar is
Forex news from the European trading session – 6 October 2021 Headlines: Markets: JPY leads, NZD lags on the day European equities lower; S&P 500 futures down 1.2% US 10-year yields up 1.7 bps to 1.548% Gold down 0.3% to $1,754.70 WTI down 0.5% to $78.54 Bitcoin down 0.4% to $51,260 The market was gripped
New Delhi: Gold in the national capital on Wednesday plunged Rs 226 to Rs 45,618 per 10 grams in line with a decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 45,844 per 10 grams. Silver also tumbled Rs 462 to Rs 59,341
The RBA left the cash rate unchanged at 0.1%, and asset purchases at AUD 4B/month, in October. Despite sharp rise in housing prices, policymakers chose to stick with ultra-easy monetary policy in order to achieve the inflation target and full employment. The central bank remained cautiously optimistic about the economic outlook. Policymakers acknowledged that “the
Headline CPI in South Korea is 2.5% y/y and 0.5% m/m September ‘core’ CPI is 1.5% y/y (up from 1.3% in August) highest since October 2017 — The Bank of Korea (BOK – Korea’s central bank) raised its 2021 inflation outlook to 2.1% (from its earlier 1.8%). The BOK aims to keep inflation at 2%
LONDON/MOSCOW: WhatsApp‘s nearly six-hour long outage on Monday hit trading of assets from cryptocurrencies to Russian oil, market players said, although a quick shift to alternative platforms such as Telegram limited severe disruption. Despite many financial institutions discouraging employees from using messaging services such as WhatsApp and other Facebook platforms that went down on Monday,