Dollar, Yen and Swiss Franc turned slightly weaker in quiet markets today. Euro is supported by better than expected investor sentiment data, while Sterling also recovers. New Zealand Dollar is also trading higher but Australian and Canadian Dollar are lagging behind. Gold is back above 1800 handle but has yet to break through 1833 key
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Announce Meta and Microsoft to use AMD chip The shares of AMD are moving a sharply higher on new that Meta (i.e. Facebook) will be using their chips at their data centers. The company has announced new supercomputer chips aimed at taking on an video. They followed up that announcement with saying that Microsoft is to use the
New Delhi: Leading stock exchange NSE on Monday said it has completed the delivery of 24.5 kg gold (100 gram) bars in its gold mini options contract. The delivery was executed between East India Securities Ltd and Senco Gold Ltd, the exchange said in a statement. As another step towards market development, NSE also aligned
The financial markets are rather quiet today. Commodity currencies are paring back some of last week’s losses while Yen is retreating. But there is no change in the overall outlook, with the decline in Yen crosses more likely to continue than not. Trading could remain subdued first in European session with a light economic calendar.
Latest data released by the Japanese Cabinet Office – 8 November 2021 Prior 101.3 Coincident index 87.5 Prior 91.3 The figures reflect some moderation in economic conditions, with the coincident index assessment even downgraded to “weakening” from “improving” – the first time since August 2019. Supply bottlenecks will pose a threat to the outlook in
NEW DELHI: Gold prices gained on Monday as ease in bond yields and retreating dollar bolstered the precious metal’s appeal. Gold futures on MCX were trading higher by 0.27 per cent or Rs 131 at Rs 48,103 per 10 gram. Silver futures were up 0.61 per cent or Rs 391 at Rs 64,723 per kg.
The developments last week were a bit confounding, as both stocks and bonds rallied notably. Yen and Swiss Franc followed the path of falling yields and rose as the biggest winner of the week. Dollar was not much helped by Fed’s tapering and solid job data. Australia Dollar ignored broad risk-on sentiment, and ended as
The ‘yes’ side appears to be on the way to a win Elon Musk is playing games on Twitter, saying he will sell 10% of his Tesla stock — worth roughly $30 billion — if the results say so. Time is ticking down on the poll and you can see which way it’s going. Obviously,
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Opec+ stuck to its guns and maintained its modest output boost for December as the alliance shunned calls from key consumers to pump more. President Joe Biden has been a vocal advocate of a larger supply increase and the decision from the group prompted the US to say it would consider a wide range of
The US House of Representatives passed a bipartisan infrastructure bill late Friday, circa US$550bn. The Senate approved the bill rebooting transportation, utilities & broadband in August. US President Biden is expected to sign in days. Biden is scheduled to speak Saturday morning (US time). A second bill (circa $1.75tln) re tax and spending was not
Petrol and diesel rates remained unchanged on Saturday for the second day after the central excise duty cut in many cities, including the national capital Delhi, Mumbai, and Kolkata. In Delhi, a litre of petrol costs Rs 103.97, and a litre of diesel costs Rs 86.67. Petrol and diesel prices in financial capital Mumbai are
Sterling drops sharply after BoE stands pat, disappointing those who expected a hike. Euro is currently following as the second weakest for the day. On the other hand, Yen and Swiss Franc rise broadly, supported by falling benchmark yields in Germany and UK. Dollar is also firm as general investor sentiment is cautious, awaiting tomorrow’s
Forex news for New York trade on November 5, 2021: Markets: Gold up $24 to $1816 US 10-year yields down 7.8 bps to 1.446% WTI crude oil up $2.72 to $81.53 S&P 500 up 17 points to 4698 — 7th consecutive closing record high JPY leads, GBP lags The non-farm payrolls report was solid across
Edible Oil prices show a declining trend across the country after the government cuts basic duty on crude palm oil, crude soyabean oil and crude sunflower oil from 2.5% to nil, said the ministry of consumer affairs, food & public distribution. Most edible oil companies like Adani Willmar and Ruchi industries have cut wholesale prices
Dollar rises in early US session after better than expected employment data. It’s now attempting a breakout against Euro. Canadian Dollar is also firmer after job data. On the other hand, Sterling remains one of the weakest for the week, as post BoE selloff continues. But Euro and Swiss Franc are catching up. Technically, EUR/USD’s