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
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SINGAPORE: Oil prices rose on Friday on growing signs of tightness in U.S. markets after Hurricane Ida hit offshore output, although benchmarks were heading for weekly losses of about 1% after China announced plans to sell crude from its strategic reserves. Brent crude futures for November rose 44 cents, or 0.6%, to $71.89 a barrel
Overall, the forex markets are rather mixed as we’re heading towards the weekend. Euro is staying weak in European crosses, but selling slowed against Dollar and Yen. Meanwhile, commodity currencies are trading mildly higher, but remain the worst performers for the week. Dollar turned weaker against Swiss Franc and Yen, but there is no range
NEW DELHI: Following global trends, gold was trading lower on Thursday. A strong US dollar weighed on the sentiments, whereas investors awaited a policy decision by the European Central Bank (ECB) due later in the day. Gold futures on MCX were down 0.25 per cent, or Rs 118, at Rs 46,920 per 10 gram. Silver
Weekly US oil inventory data from the EIA Gasoline -7215K vs -3390K expected Distillates 3142K vs -2617K expected Refinery utilization -9.4% vs -4.9% expected Cushing +1918K Production estimate 10.0mbps vs 11.5 mbpd prior Implied demand -2.866 mbpd The story here is that refineries ran slower than anticipated, which is going to continue to put a
Euro tumbles notably against European majors and Yen today, and ECB’s re-calibration of PEPP purchases provide no support. But Dollar is seen as equally weak. Sterling is currently the star performer for today, followed by Swiss Franc and Yen. Commodity currencies are mixed. Focuses will now turn back to development in stocks and bonds markets,
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
SINGAPORE: Oil prices rose for a second session on Thursday, recovering from earlier losses as a decline in US Gulf of Mexico output following damages from Hurricane Ida underpinned the market. Brent added 23 cents, or 0.32% to $72.83 a barrel at 0221 GMT and West Texas Intermediate (WTI) crude rose 15 cents, or 0.22%,
The loonie recovered modestly after the BOC meeting. As widely expected, policymakers left the overnight rate unchanged at 0.25% and QE purchases at CAD 2B/ week. Yet, they remained cautiously optimistic over the medium term economic outlook, despite disappointing GDP data in 2Q21 and July. We expect the central bank to continue to taper the
The latest forecasts from the EIA Sees 2021 US output falling to by 200K bpd this year vs -160K bpd in prior forecast (to 11.08 mbpd) Sees 2022 output rising 640K vs 650K bpd prior Sees 2021 demand up 1.55 mbpd vs 1.58 mbpd prior Sees 2022 demand rising 890K bpd vs prior forecast of
New Delhi: Gold in the national capital on Wednesday tumbled Rs 264 to Rs 46,140 per 10 gram amid muted global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,404 per 10 grams. Silver rose marginally by Rs 22 to Rs 63,486 per kilogram from Rs 63,464
Euro and Swiss Franc weaken mildly in mixed markets today. New Zealand Dollar firms up together with Yen and Dollar. Meanwhile, Canadian Dollar is also soft, awaiting BoC policy decision. Major European indices are trading in red, but losses are limited. US futures also point to slightly lower open. Gold is trying to reclaim 1800
A note from Morgan Stanley, via DJ/Market Watch markets are priced for perfection and vulnerable The bank’s global investment committee expects a stock-market pullback of 10% to 15% before the end of the yea “The strength of major U.S. equity indexes during August and the first few days of September, pushing to yet more daily
Gold prices steadied on Wednesday, after slipping 1.6% in the previous session when it breached the key psychological level of $1,800, as gains in the and a rise in US Treasury yields hurt bullion’s appeal. FUNDAMENTALS Spot gold rose 0.1% to $1,796.03 per ounce by 0116 GMT, hovering slightly above the more than one-week low
Torn between disappointing economic activities but rising inflation, higher vaccination rate but worsening Delta outbreak, and a federal election just 12 days after this week’s meeting, the BOC will likely stand on the sideline this month. Policymakers will keep its weekly asset purchases unchanged at CAD 2B/ week and retain the forecast of first hike
The latest auction results The GDT price index rose 4.0% in New Zealand’s latest dairy auction to $3927/MT. That’s the first decent jump in months but it’s not going to do much for the kiwi today with the US dollar climbing across the board. The kiwi was last down 47 pips to 0.7090. Invest in
New Delhi: Gold in the national capital on Tuesday fell by Rs 37 to Rs 46,417 per 10 gram amid weak precious metal prices in the international market, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,454 per 10 grams. Silver also tumbled Rs 332 to Rs 63,612
Risk sentiment turns a bit weaker today in the stock markets. But benchmark European and US yields are staging a strong rally. In the currency markets, Aussie is sold off is in delayed reaction to RBA’s dovish tapering, but Canadian is follow closely with selloff in oil price. Sterling is also falling in European crosses,