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
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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
Overall markets are mixed today, as Dollar is digesting some of last week’s gains, awaiting more guidance from FOMC members regarding tapering. New Zealand and Canadian Dollar are the stronger ones for now. But Australian Dollar is among the weakest together with Euro and Swiss France. Yen and Sterling is slightly firmer. Gold and silver
Richmond Fed president Barkin speaking Demand does not yet seem indented by Delta variant Demand for labor continues to outpace supply of people willing to work Current pressure on wages is intense at lower levels of the pay scale The inflation expectations near target support idea that recent inflation rates are temporary On price said Fed
New Delhi: Gold in the national capital on Monday dipped Rs 317 to Rs 45,391 per 10 grams, in line with a fall in international precious metal prices, according to HDFC Securities. In the previous trade, gold closed at Rs 45,708 per 10 grams. Silver also tumbled Rs 1,128 to Rs 62,572 per kg, from
While the currency markets are rather quite, big surprise is found in gold price, which smashed to as low as 1684, hitting the lowest level since March. Silver also tumbled to as an eight-month low of 22.5. The move was, for certain, exaggerated by the ultra thin Asian morning. Yet, the near term bearishness is
The National Australia Bank Business Survey for July Business Confidence expected 15, prior 11 the drop in June was 9 points from May, its biggest in 11 months Business Conditions expected 10, prior 24 the drop in June (largest fall in 14 months) was from a record might in May (at 36) As noted above,
Dollar soared towards the end of the week as the stellar job report should give Fed much confidence to start tapering later in the year. Reactions from stock markets and yields were also positive, with DOW and S&P closing at new records while 10-year yield rebounded. Together with the steep fall in gold, overall development