Forex news from the European trading session – 6 October 2021 Headlines: Markets: JPY leads, NZD lags on the day European equities lower; S&P 500 futures down 1.2% US 10-year yields up 1.7 bps to 1.548% Gold down 0.3% to $1,754.70 WTI down 0.5% to $78.54 Bitcoin down 0.4% to $51,260 The market was gripped
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New Delhi: Gold in the national capital on Wednesday plunged Rs 226 to Rs 45,618 per 10 grams in line with a decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 45,844 per 10 grams. Silver also tumbled Rs 462 to Rs 59,341
The RBA left the cash rate unchanged at 0.1%, and asset purchases at AUD 4B/month, in October. Despite sharp rise in housing prices, policymakers chose to stick with ultra-easy monetary policy in order to achieve the inflation target and full employment. The central bank remained cautiously optimistic about the economic outlook. Policymakers acknowledged that “the
Headline CPI in South Korea is 2.5% y/y and 0.5% m/m September ‘core’ CPI is 1.5% y/y (up from 1.3% in August) highest since October 2017 — The Bank of Korea (BOK – Korea’s central bank) raised its 2021 inflation outlook to 2.1% (from its earlier 1.8%). The BOK aims to keep inflation at 2%
LONDON/MOSCOW: WhatsApp‘s nearly six-hour long outage on Monday hit trading of assets from cryptocurrencies to Russian oil, market players said, although a quick shift to alternative platforms such as Telegram limited severe disruption. Despite many financial institutions discouraging employees from using messaging services such as WhatsApp and other Facebook platforms that went down on Monday,
Market sentiment is stable today, with European index trading mildly higher while US futures point to a rebound. But overall direction remains rather unclear. Sterling is currently the stronger one, with additional help from buying against other European majors. Kiwi is also firmer, awaiting tomorrow’s RBNZ rate hike, followed by Dollar. On the other hand,
Remarks by US Treasury secretary, Janet Yellen Failure to raise debt limit could hurt reserve status of the dollar, cause recession Supports bipartisan action to raise debt ceiling Not anything that hasn’t been said before as she doesn’t want to step into the toes of lawmakers in Congress as they sort the issue out. Invest
NEW DELHI: Gold prices eased on Tuesday as the dollar rose but kept the bullion close to a week’s high. Rising energy prices may dampen economic activities and dent appetite for riskier assets. Gold futures on MCX eased 0.18 per cent, or Rs 83, to Rs 46,804 per 10 gram. Silver futures were also down
While some selling pressure is seen in Asian stocks, the forex markets are relatively steady. Canadian Dollar is currently the stronger one, followed by Yen. Sterling is the softer one, followed by Swiss France, Euro and Dollar. Overall risk sentiment will continue to drive the markets this week and hence we’ll have some attention on
Posting this as some local Australian political news. NSW is Australia’s largest population state and home to its largest city of Sydney. Previous Premier Gladys Berejiklian resigned last week when an investigation was launched into her conduct. Berejiklian had steered NSW through its COVID-19 outbreak to a point where Sydney is on the verge of a much-awaited
FRANKFURT: Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November. The decision Monday by the Vienna-based oil cartel tracks with its established schedule of adding back that amount of oil every
Swiss Franc is the winner so far today, as Dollar and Yen pare back some of last week’s gains. Meanwhile, Euro is also soft after poor investor confidence data. On the other hand, New Zealand Dollar is following closely as second strongest, on anticipation of RBNZ rate hike later in the week. Other currencies are
As remarked by transport commissioner, Adina Vălean The meeting is said to take place next Monday. To be honest, I’m not sure how much they can do in order to come up with a robust solution in either bringing down gas prices or to source for alternative resources. It is going to be a blaring winter with
NEW DELHI: Gold and silver futures were flat on Monday as a weaker dollar offset bets that the US Federal Reserve could begin tapering its pandemic-era asset purchases soon. The dollar index dropped to its lowest since September 29, making gold cheaper for buyers holding other currencies. Gold futures on MCX were up 0.06 per
Bloomberg with a report on Chinese authorities looking to stem contagion risk from Evergrande: A summary of where we are at, in brief: China Evergrande Group edges closer to a massive restructuring Beijing signaling it’s willing to prop up healthy developers, homeowners and the real estate market at the expense of global bondholders Chinese authorities have
The government on Thursday hiked by 62 per cent the price of natural gas that is used to produce electricity, make fertilisers and turned into CNG to use as fuel in automobiles and cooking gas for household kitchens. This is the first increase in rates since April 2019 and comes on back of firming benchmark