Dollar is trying to regain some ground in early US session after stronger than expected PPI. Both initial and continuing jobless claims also continued to trend lower. The greenback is followed by Euro and Yen while Aussie and Kiwi are softest. Though, major pairs and crosses are staying inside yesterday’s range for now. As for
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Tough one to make sense of For the past half year there has been a consistent trend of strong 10-year US auctions and weak 30-year sales. In theory, markets should adjust to that but for some reason they aren’t. The reaction in the FX market, we witnessed the US dollar weakness on the particularly strong
New Delhi: Gold in the national capital on Thursday rallied Rs 422 to Rs 45,560 per 10 gram amid gain in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 45,138 per 10 gram. Silver also gained Rs 113 to Rs 61,314 per kilogram from
The forex markets are generally trading in very tight range in Asian session. While DOW surged to new record high overnight, Asian indexes are just mixed. Dollar started a pull back but there is no clear follow through selling so far. At the same time, commodity currencies are generally stronger for the week, as supported
A snoozefest basically to start the day I mean talk about narrow ranges, today in particular seems to be rather restricted. Dollar pairs are confined to within 5 pips of each other currently and there hasn’t been any stretching whatsoever among them as we look towards European trading. The biggest range on the day is
Gold prices held on to overnight gains on Thursday, after data showing US consumer price increases slowed in July soothed concerns of an early tapering of economic support. FUNDAMENTALSSpot gold was little changed at $1,750.34 per ounce by 0104 GMT, having recorded it biggest one-day percentage gain since May 6 on Wednesday. US gold futures
Dollar drops notably in early US session after consumer inflation data. Headline CPI was steady while core CPI slowed a little. At least, inflation hasn’t been worsening from Fed’s “transitory rhetoric”. US stock futures also jump, probably on reduced concerns over monetary tightening. New Zealand and Australian Dollars are currently the strongest, followed by Swiss
Dollar at the lows of the day Dollar bulls got just about everything they could have wanted from Kaplan and George but evidently it wasn’t enough for spark a fresh rally. Now they’re rushing to the exits. The trigger was a 10-year Treasury auction that stopped through by a whopping 3.2 bps. The US dollar
New Delhi: Gold in the national capital on Wednesday jumped Rs 159 to Rs 45,130 per 10 gram amid firm global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 44,971 per 10 gram. Silver also gained Rs 99 to Rs 61,250 per kilogram from Rs 61,151 per
Dollar’s rally continues in Asian session today, in particular against Euro, Swiss Franc and Yen. Though, cautious comments from Fed Evans is not giving any particular boost elsewhere. Commodity currencies are still resilient, as supported by overall optimistic sentiment, with DOW closing at new record high. Main focus will now turn to US consumer inflation
Yesterday it was a death sentence for a Cnadain in China, today this. Canadian Michael Spavor to serve 11 years on spying charges AP links this to the Huawei case in Canada Spavor was detained in 2018 after his government arrested an executive of the Chinese tech giant.The verdict Wednesday is the latest indication of
Gold prices edged lower on Wednesday, pressured by a stronger dollar and a rise in bond yields, while investors cautiously looked forward to US inflation data that could influence the Federal Reserve’s timeline to taper monetary support. FUNDAMENTALSSpot gold was down 0.2% at $1,725.98 per ounce by 0048 GMT, while US gold futures fell 0.2%
Gold trading is slim after Monday’s sharp selloff. Despite concerns over the delta variant, the precious metals lost their safe haven appeal as speculations over Fed’s early tapering escalated after the strong nonfarm payolls data. The front-month Comex gold contract slumped to a 4-month low of 1677.9 before settling at 1726.5 on Monday. The yellow
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The decline in gold prices in recent weeks was due to a combination of factors ranging from increasing cases of Covid-19, Delta variant cases, a dovish tone by US Fed on tapering, lower bond yields in the US and good non-farm payrolls data. Rising coronavirus cases across the United States and other countries fuelled fears
Dollar’s rally continued last week as supported by hawkish comments from Fed officials. Expectations for tapering this fall continued to build up. Swiss Franc is trading broadly lower, as the pull back against Euro accelerated. Meanwhile, Australian is also trading lower on poor business confidence data. Focus will turn to Germany economic sentiment first, with
Latest data released by the Japanese Cabinet Office – 10 August 2021 Prior 47.6 Outlook 48.4 Prior 52.4 A slight uptick in sentiment, although virus concerns and state of emergency measures are likely to impact the services sector more heavily in August. The reading is a survey on workers to measure up consumer spending and current
TOKYO: Oil prices rose on Tuesday, edging up from a three-week low in the previous session, but gains are likely to be limited on worries that rising COVID-19 cases and restrictions in China will dent fuel demand. Brent crude was up by 30 cents, or 0.4%, at $69.34 a barrel by 0106 GMT, after falling