NEW DELHI: Gold eked out decent gains in India on Friday, following global trends. The yellow metal saw buying on the back of a weaker dollar. Investors are waiting for the US jobs data to gauge the Federal Reserve’s plans to start tapering asset purchases. Gold futures on MCX were higher 0.25 per cent, or
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Forex news for September 3, 2021: Markets: US 10-year yields up 3 bps to 1.324% Gold up $19 to $1828 WTI crude oil down 72-cents to $69.28 S&P 500 flat at 4536 AUD leads, USD lags If you bet on ADP enough times, eventually you’ll get it right. Not that ther ewas a big dollar
Overall developments in the markets are unchanged for the week. US stocks continued with recent up trend overnight. Dollar, Yen and Swiss Franc extended near term decline. New Zealand and Australian Dollars are the strongest one, followed by Euro and then Sterling. Main focus will now turn to US non-farm payroll report. High volatility is
It’s Labor day (and next Tuesday will be a slow one as well) Look for trading to thin out early today with the US and Canada headed for a long weekend. The New York Stock Exchange is closed Monday while here’s a look at the CME schedule: In the bond market, SIFMA didn’t recommend an
BSE on Friday announced that it has completed one month since launch of SUFI Steel futures contracts on the exchange platform, and has facilitated the delivery to the tune of 90 MT in the first full expiry cycle at the exchange designated delivery centre in Raipur. Mr Sameer Patil, chief business officer of BSE said
Dollar spikes lower in early US session after huge NFP miss. But the selloff is only firm against commodity currencies at the time of writing. In particular, the greenback is trying to recovery against European majors, as well as Sterling. Traders might need a bit more time to make up their mind. While a September
Russian gas giant Gazprom has started to move away from the US dollar to China’s yuan Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT Gazprom Neft is the oil arm of Russia’s Gazprom, its CEO has said its begun to move away from the U.S. dollar to China’s
MELBOURNE: Oil prices dipped on Friday after posting strong overnight gains on a weaker dollar and a bigger-than-expected fall in US crude stocks and were headed for small gains on the week ahead of a highly anticipated US monthly jobs report. US West Texas Intermediate (WTI) crude futures fell 24 cents, or 0.3%, to $69.75
The OPEC+ will continue to increase oil output by +0.4M bpd in October. The decisions was made swiftly and came in line with the alliance’s plan to gradually bring back the output reduced (9.7M bpd) amidst the outbreak of the pandemic last year. Although the alliance has projected that the oil market would be in
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Risk-on sentiment firms up slightly after better than expected jobless claims from the US. Dollar, Yen and Swiss Franc continue to trade as the weakest ones. On the other hand, New Zealand and Australian Dollars are the strongest. But the moves in risk markets are limited so far. Investors could turn cautious quickly again and
New Delhi: Gold prices in the national capital on Thursday slipped by Rs 28 to Rs 46,193 per 10 grams amid rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,221 per 10 grams. Silver gained Rs 279 to Rs 62,650 per kg, from Rs 62,371 per
Ahead of nonfarm payrolls on Friday here’s what is coming up (the major releases) from the US today on the data agenda: On Wednesday the data for ADP jobs was a big FX mover: The ADP employment report has a terrible track record of predicting non-farm payrolls but the market bit on it once again
New Delhi: (IEX) has recorded an all-time high monthly trade of 9,538 million units (MU) in August which is 74 per cent higher compared to the same month last year. “The electricity market at the Indian Energy Exchange achieved a new milestone with a record all time high monthly volume of 9,538 MU achieving 74
New Zealand dollar was the only major currency rose against the US dollar in August, despite speculations over Fed’s tapering and renewed lockdown. We believe policymakers’ proactive reassurance of an October rate hike would likely make the RBNZ the first major central bank to begin rate hike after the most recent round of global monetary
US August ISM manufacturing data Prior was 59.5 Prices paid 79.3 vs 83.8 expected (prior was 85.7) Employment 49.0 vs 52.9 prior New orders 6637 vs 64.9 prior Full report That miss on employment might get some attention after today’s ADP report and ahead of non-farm payrolls. Manufacturing isn’t a big US employer but it’s
LONDON: The OPEC+ group of oil producers has made an upward revision to its 2022 oil demand forecast ahead of a meeting on Wednesday as the group faces pressure from the United States to raise output more quickly to help to support the global economy. Two OPEC+ sources said the group’s experts have revised its
Dollar weakens mildly in early US session after big ADP job data miss. But Swiss Franc and Yen remain the weaker ones. Euro and Sterling firm up mildly. But they are outshone by Aussie and Loonie for the moment. Overall movements in the currency markets are limited, except in some Yen crosses. Traders are still