Surprise coming tomorrow? The consensus on US GDP tomorrow is 2.7%, which is a poor number that reflects a drag from delta in the quarter. Estimates range from +0.7% to +5.0% after a 6.7% pace in Q2. A separate tracker from the Atlanta Fed suggests it could be even worse than the lowest estimates, scraping
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New Delhi: Gold in the national capital on Wednesday plunged by Rs 244 to Rs 46,747 per 10 gram reflecting the decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,991 per 10 gram. Silver dipped Rs 654 to Rs 63,489 per kilogram
Australian Dollar rises broadly today with support from strong inflation data. But upside is capped by mildly negative investment sentiment in Asia. While DOW and S&P 500 made new records overnight, there is no follow through in risk-on sentiment. Overall currency markets are mixed, with Yen as second strongest so far. Dollar is the weakest
China Telecom’s U.S. subsidiary has been given 60 days to discontinue U.S. services after nearly 20 years of operating in the country. The U.S. Federal Communications Commission (FCC) voted on Tuesday voted to revoke authorization to operate, citing national security concerns: FCC said China Telecom “is subject to exploitation, influence, and control by the Chinese
(This story originally appeared in on Oct 27, 2021) Mumbai: Global financial major Goldman Sachs expects Brent crude prices to reach $110-per-barrel by next year, a 30% jump from the current levels of $85/bbl. Oil analysts at Goldman Sachs say that the global demand-supply mismatch, with the current demand almost near the pre-Covid levels, is
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
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