Natural gas up another 4.5% today A tight US storage report yesterday sent natural gas prices into overdrive, spiking 6% yesterday and another 4.5% today. Prices at Henry Hub are at $4.37 per MMBtu, which was a pipedream a year ago when they were at $1.80. For the Fed, this adds a complication to the
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The government’s Gold Monetisation Scheme (GMS) allows you to deposit your idle gold with a Reserve Bank of India (RBI) designated bank and earn interest on the same. This works similar to a bank fixed deposit. Depending on the tenure of the GMS one opts for, one can earn up to 2.5% interest per annum.
Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium didn’t disappoint. He did what the markets expected, affirming the openness for beginning tapering this year, without indicating the need for an imminent start. Just as Philadelphia Fed President Patrick Harker described, Powell laid out where the center of the FOMC is in terms of
Forex news for North American trading on August 27, 2021. The forex markets (and other markets for that matter) have been tending to go from key event to key event. This week, it was the keynote address from Fed Chair Powell at the Jackson Hole virtual summit. For good order sake, that summit was schedule
LONDON: Oil prices rose on Friday and were on track to post big gains for the week on worries about supply disruptions as energy companies began shutting production in the Gulf of Mexico ahead of a possible hurricane forecast to hit on the weekend. Brent crude futures were $1.22, or 1.7 per cent, higher at
Japanese yen has been rather stable over the past weeks despite volatility in other major currencies. It’s resilient performance over the past few days despite heightened FOMC tapering talks is no accident. We summarize three major drivers of this. Funding Currency Firms on Risk Aversion A key theme of USD’s strength over the past weeks
New Delhi: Gold in the national capital on Friday gained Rs 99 to Rs 46,312 per 10 gram amid a recovery in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,213 per 10 gram. Silver, however, dipped marginally by Rs 32 to Rs 61,667
Powell coming in an hour USD/JPY has slipped back to 110.03 from 110.20 a short time ago. The move is in-line with a slip in Treasury yields in the past few minutes. The PCE report showed that prices might be cresting, or at least they will relieve some of the pressure on the Fed to
Overall markets continue to trade in a mixed manner for now. Yen and Dollar are currently the weakest for the weak while commodity currencies are the strongest. But all major pairs and crosses are stuck inside prior week’s range. The situation in Afghanistan is unlikely to be a persistent worry for investors. Main focuses will
Australia’s epicentre of the surge in infections is Sydney and New South Wales state. From neighbouring state Victoria earlier: The last couple of weeks or so in NSW: 390, 466, 415, 478, 452, 633, 681, 644, 825, 830, 818, 753, 919, 1029, and today: 882 Onto something a little more encouraging … The total
NEW DELHI: Gold prices inched lower, almost flat, on Thursday, following global trends as investors turned cautious ahead of US Federal Reserve Chair Jerome Powell’s speech this week, which could provide cues over economic stimulus. Gold futures on MCX were up merely 0.04 per cent, or Rs 17, at Rs 47,196 per 10 gram. Silver
Swiss Franc drops sharply today, as pressured by selling against Euro, and rising treasury yields. Dollar once again tries to recover, but there is no committed buying yet. The greenback traders will carefully scrutinize the comments from Fed officials coming out today and tomorrow, as the annual Jackson Hole Symposium goes along. Meanwhile, commodity currencies
US Q2 GDP (second reading) +6.6% vs +6.7% expected Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT The second look at Q2 2021 GDP The advance reading on Q2 was 6.5% Q1 was 6.4% annualized 2020 GDP was -3.4% Personal consumption +11.9% vs +11.8% advance reading GDP price
New Delhi: Gold in the national capital on Thursday dipped Rs 265 to Rs 46,149 per 10 grams, in line with a fall in international precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, gold closed at Rs 46,414 per 10 grams. Silver also tumbled Rs 323 to Rs 61,653
Another round of selling was seen in Dollar overnight, as US stocks extended record run. But Yen was even weaker, following the strong rally in treasury yields. It remains to be seen if investors are already starting to position themselves for the Jackson Hole symposium. For now, Yen, Dollar, and Swiss Franc are the worst
Reuters polled equity market analysts and that headline above is the summary: In very brief summary: The spread of the Delta variant of the coronavirus and the U.S. Federal Reserve’s pending plans to taper its asset purchases are likely to leave equity markets exposed to turbulence over the coming months. positive earnings season catalyst now
New Delhi: National Stock Exchange (NSE) has directed its members, including stockbrokers, to discontinue the sale of digital gold on their platforms by September 10. The direction came after capital markets regulator Sebi said that certain members are providing a platform to their clients for buying and selling digital gold. Securities and Exchange Board of
Dollar continues to pare back some of this week’s losses in early US session, after slightly better than expected durable goods orders. But strength of recovery is so far relatively weak. Markets are also generally in mixed mode. Euro has litter reaction to worst than expected Germany business climate data, too. Overall, traders are turning