Latest data released by Eurostat – 30 September 2021 Invest in yourself. See our forex education hub. Eurozone unemployment fell in August as expected, keeping with the improvement seen since the start of the year as labour market conditions are still gradually improving back towards pre-pandemic levels. There still needs to be time to get
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NEW DELHI: Gold prices were trading little higher on Thursday in the domestic market, following global cues. However, the yellow metal hovered near a seven-week low as a stronger dollar and taper expectations weighed on sentiments. Gold futures on MCX were trading higher 0.34 per cent or Rs 156 at Rs 45,925 per 10 gram.
Dollar is generally strong today, but buying focus is temporarily shifted from against Yen to Euro and Sterling. In particular, EUR/USD has taken out key support level at 1.1663. Overall markets are mixed though, with stocks recovering while treasury yields retreat. Yen and Swiss Franc are the stronger ones for today followed by the greenback.
New Delhi: Gold in the national capital on Wednesday rose by Rs 264 to Rs 45,123 per 10 gram with recovery in global precious metal prices along with rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 44,859 per 10 gram. Silver also jumped Rs 362 to
North Korea state media, KCNA reporting comments from Kim Jong Un. Willing to restore the inter-Korean hotline from October US military threats & hostile policy unchanged under the new administration Its up to South Korea to continue the standoff or it can foster new relations North Korea has no reasons to provoke or hurt South
Dollar is currently the strongest one for the week so far, as helped by strong rally in treasury yields as well as pull back in stocks. Yen also stays week but the selling in crosses is cushioned by uncertain risk sentiment. Sterling is also soft with eyes on the energy troubles. But overall development is
Latest data released by Eurostat – 29 September 2021 Economic confidence 117.8 vs 116.9 expected Prior 117.5 Industrial confidence 14.1 vs 12.5 expected Prior 13.7 Services confidence 15.1 vs 16.5 expected Prior 16.8 Eurozone economic sentiment edges up in September, beating estimates of a drop – aided by an improvement to industrial sector sentiment as
NEW DELHI: Bucking global trends, gold and silver futures rose on Wednesday. Gains were, however, limited by a rise in the dollar and US Treasury yields on growing expectations of an earlier-than-anticipated interest rate liftoff. The dollar index hovered near a more than 10-month high touched on Tuesday. The benchmark US 10-year Treasury yields held
Sterling tumbles broadly today on increasing talks of energy shortages due to a post-Brexit shortage of truck drivers, as well as a halt to license testing during pandemic lockdowns. Mild risk aversion, which start in European markets, is also weighing down some commodity currencies. Nevertheless, there is little lift to Yen overall, which stays weak
Japanese PM Suga is stepping down. His party chooses a new leader today. Lead contenders are: former party policy chief Fumio Kishida head of Japan’s vaccination drive Taro Kono Also in the running: former Internal Affairs and Communications Minister Sanae Takaichi the LDP’s executive acting secretary-general Seiko Noda The LDP vote is today, Wednesday 29 September
Mumbai: National Commodity and Derivatives Exchange (NCDEX) on Tuesday said it has migrated its live trade data centre to Yotta Infrastructure Solutions. The partnership with Yotta has made NCDEX the country’s first and only exchange to operate from an Uptime-certified Tier-IV data centre, the commodity exchange said in a statement. “We are excited to partner
Strong rally in treasury yields is currently the main theme driving the markets. On the back on hawkish Fed rhetorics, 2-year yield rose to 18-month high, above 0.3%. Benchmark 10-year yield also breaks above 1.5% handle. Yen is currently the worst performing one, with persistent selling pressure. Euro and Swiss Franc are also weak. On
There aren’t enough drivers to cover the shortfall in transportation/shipping The British Retailers Consortium is warning that the public may face an impending Christmas disappointment this year as businesses will not be able to have sufficient inventory to meet demand, urging for the government to take action. The consortium is calling for lawmakers to rapidly
TOKYO: Oil markets climbed for a sixth day on Tuesday, reversing earlier losses, on fears over tight supply while surging prices of liquefied natural gas (LNG) and coal also lent support. Brent crude futures gained $1.05, or 1.3%, to $80.58 a barrel at 0645 GMT, after reaching its highest since October 2018 at $80.75 earlier
European gas price has kept breaking new records over the past months. Both higher-than-usual demand and supply shortage have led to the price strength. As winter is approaching, we expect price to remain at elevated levels in the months to come. The front-month Dutch TTF gas contract has remained firm after breaking above EUR 70/MWh.
Forex news for North American trading on September 27, 2021 There were a number of Fed officials speaking today and two that announced their retirement. The ones that spoke (Evans, Williams, Brianard) spoke specifically to rate changes not being anytime soon. Evans said that he sees one rate hike in 2023, Brainard said that no liftoff signal should be taken from
NEW DELHI: If you thought equities are a breakout story this year, then you may have missed the real money-making opportunity. There is one commodity that has come out of stupor and shocked everyone with the ferocity of its rally. That counter is natural gas. Natural gas spot prices have more than doubled since early
Canadian Dollar leads commodity currencies higher in Asian session, with help from extended rally in oil price. Overall sentiment is mixed though and Yen is trying to pare back some of last week’s losses. Some weakness in seen in both European majors and Dollar but movements in respective pairs are limited. Euro is also stuck