Dollar suffered another round of selloff overnight and stays soft. Mild risk aversion in Asia is not helping the greenback much. But commodity currencies are following closely, in particular Aussie and Kiwi, as the next worst performers for the week. European majors look set to be the winners of the week, as led by Sterling.
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Forex news for Asia trading on Friday 30 July 2021 There were minor swings for currencies against the USD during the session and overall not a lot of net change. USD/JPY and EUR/USD are little changed on the session while cable is down just a touch. AUD/USD and NZD/USD also in the ‘little changed’ basket.
New Delhi: Gold in the national capital on Thursday rallied by Rs 382 to Rs 46,992 per 10 gram amid a jump in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,610 per 10 gram. Likewise, silver also jumped Rs 1,280 to Rs 66,274
Dollar’s decline continues and accelerates a little in early US session after weak economic data. Gold is also accelerating upwards, in tandem with the greenback’s movements. Yen is following as second worst for now, following recovery in European stocks and US futures. Commodity currencies and Sterling are currently the stronger ones for today. Technically, immediate
Looks to extend to the end of September. Pres. Biden has asked Congress to extend eviction moratorium. The eviction moratorium was to end on August 1. Biden is petitioning for the moratorium two and at the end of September. Also ending in September (at the start) are supplemental employment benefits that many argue have kept workers from entering the workforce. Many
KOLKATA: Gold demand in India increased 30% in the first half of 2021 to 216.1 tonnes, from 165.8 tonnes a year ago, signalling that the deadly second wave of Covid-19 was less of a deterrent than the first wave of the pandemic which had led to a nationwide lockdown “The second quarter of 2021 was
Dollar drops broadly overnight and stays weak, even though Fed acknowledged that progress has already been made in the economy. Uncertainty in the risk markets is keeping Aussie soft too. But Canadian Dollar is apparently rebounding with resilience in oil prices. Sterling is also strong with Swiss Franc while Euro under performs them. Focus will
The advance reading for US economic growth April to June 2021 is due at 1230 GMT expected 8.6% q/q, prior 6.4% If you are wondering why the Federal Reserve is still providing emergency levels of monetary stimulus on this sort of growth you are not alone. The argument goes that this will be the peak
Mumbai: As the country moves towards creating a spot gold exchange, markets regulator Sebi‘s Whole Time Member G Mahalingam on Wednesday suggested routing all the imports of the precious metal through the exchange ecosystem in the future. Such a “funnelling” would ensure that gold monetisation takes place right at the source as the metal enters
Dollar is trying to recover in early US session but upside is limited so far. Overall market sentiments stabilized as US stocks might have regained footing for another take on new records. Also, traders are turning a little bit more cautious ahead of FOMC statement and press conference. Overall picture for the week is unchanged
US petroleum inventory data from the EIA Prior was +2108K Gasoline -2253K vs -916K exp Distillates -3088K vs -435K exp Refinery utilization -0.3% vs +0.4% exp Late yesterday the API numbers were: Crude -4728K Gasoline -6226K Distillates -1882K Cushing -126K The gasoline draw wasn’t going to be as high as the API data but the
NEW DELHI: Gold prices edged up mildly on Wednesday. Investors await the outcome of the US Federal Reserve’s meeting tonight for hints on policy tapering plans. The yellow metal held near its key psychological level. Gold futures on MCX were up 0.18 per cent, or Rs 87, at Rs 47,660 per 10 gram. Silver futures
Sterling rises broadly today despite dovish comments from a BoE policymaker. Sentiment towards the Pound is likely support by declining trend in delta variant infections. Other European majors are also firm together with Yen. On the other hand. Dollar is currently the weakest one, followed by commodity currencies. Traders are turning more cautious on the
We saw quite a few supportive media pieces out of China earlier after a big slide in China on Tuesday: The Shanghai Comp has steadied a little after an initial drop. If the ‘National Team’ are going to have an impact today now is the time …. Meanwhile the BTC people will be a bit
Shanghai and London copper hit multi-week highs on Tuesday, as a softer dollar made greenback-priced metals cheaper to holders of other currencies. The dollar eased early on Tuesday just below recent peaks, but the safe-haven currency rebounded later in the session as investors turned their focus to this week’s Federal Reserve meeting for clues on
Overall markets are in risk-off mode today, started with steep selloff in Hong Kong and China stocks. Nevertheless, losses in Europe are limited, while DOW future is just slightly lower. In the currency markets, commodity currencies are the worst performing ones, as led by New Zealand Dollar. Yen is the strongest one, followed by Swiss
The pressure remains on The S&P 500 is down 28 points at a fresh low at 2394. That erases about half of yesterday’s gain and is a test of the old July top, which is now offering support. Technically, that’s a textbook re-test after a breakout but it needs to hold. Looking across markets, the
New Delhi: Gold in the national capital on Tuesday dipped Rs 123 to Rs 46,505 per 10 grams amid weak international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,628 per 10 gram. Silver also went lower by Rs 206 to Rs 65,710 per kg,