Economic developments since the June meeting suggest that BOC would still maintain an upbeat tone and taper further at this week’s meeting. Policymakers will, however, maintain the forward guidance that the first rate hike would come in 2H22. The staff will also release the latest economic projections. The GDP growth outlook will be kept largely
News
Forex news for New York trade on July 16, 2021: Markets: Gold down $18 to $1810 US 10-year yields down 0.2 bps to 1.295% WTI crude oil down 18-cents to $71.41 S&P 500 down 33 points to 4327 GBP and AUD lag, NZD leads Retail sales were much stronger than expected and the strength was
Gold dipped on Friday as a stronger dollar and rebounding yields dulled its appeal and pushed the metal off one-month highs reached in the last session on dovish remarks from the head of the U.S. Federal Reserve. Spot gold fell 0.6 per cent to $1,817.40 per ounce by 10:18 a.m. EDT, though it was up
Dollar trades mildly higher in early US session after better than expected retail sales data, but upside moment is weak so far. Mild strength in US futures sends Swiss Franc and Yen slightly lower. Overall, New Zealand Dollar is set to end as the best performer for the week, as RBNZ hike speculations intensified. Dollar
US May retail sales data Prior was -1.3% m/m (revised to -1.7%) Retail sales ex autos +1.3% vs +0.4% expected Prior ex autos -0.7% (revised to -0.9%) Retail sales control group +1.1% vs +0.4% expected Retail sales ex auto and gas +1.1% vs -0.8% prior Ex autos/gas/building materials/food services +1.1% vs -1.4% prior Full report
NEW DELHI: Gold was trading flat while silver posted mild gains on Friday on MCX. The yellow metal bucked global trends even as US Fed chair Jerome Powell repeated his pledge of strong support to complete US economic recovery. Gold futures on MCX were down 0.04 per cent, or Rs 19, at Rs 48,381 per
New Zealand Dollar surges broadly again today as decade high CPI reading prompted more speculations on RBNZ rate hikes. That somewhat helps stabilizes the selloff in Aussie and Loonie. On the other hand, Yen appears to be softening slightly as rally lost steam. Dollar, Euro and Sterling are mixed. As for the week, Kiwi is
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
New Delhi: Gold in the national capital on Thursday jumped Rs 177 to Rs 47,443 per 10 gram in tandem with gain in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 47,266 per 10 grams. Silver also gained Rs 83 to Rs 68,277 per
Dollar regained some ground in European session, as assisted by mild pull back in stocks. The greenbacks stay firmer into US session as jobless claims data showed continuing improvement. Sterling is also stronger today after BoE policymaker Michael Saunders’ hawkish comments. On the other hand, commodity currencies are trading lower, as led by pull back
Forex news from the European trading session – 15 July 2021 Headlines: Markets: GBP leads, NZD lags on the day European equities lower; S&P 500 futures down 0.3% US 10-year yields down 3 bps to 1.325% Gold down 0.1% to $1,825.70 WTI down 1.6% to $71.95 Bitcoin down 2.7% to $31,890 It was a fairly
Bengaluru: Goldman Sachs expects an oil supply agreement between Saudi Arabia and the United Arab Emirates to be a bullish catalyst for prices over coming months as the U.S. investment bank maintained its summer Brent price forecast at $80 per barrel. Saudi Arabia and the UAE have reached a compromise over OPEC+ policy, an OPEC+
Dollar turns notably weaker against Swiss Franc and Yen today but markets are relatively steady elsewhere. Sterling pays little attention to employment data which showed some positive signs. Canadian Dollar also shrugged off yesterday’s BoC tapering. General focus will now turn to US job data, and the movements in stock markets for next moves in
A resolution of these talks would (in time) lead to Iran supplying more opil. But, that looks a way off if these latest headlines are accurate. Reuters report, citing an unnamed diplomatic source: Iran won’t resume talks until its new president takes over Iran has conveyed this timing to European particiapants talks unlikely to resume
MUMBAI: From June, sellers of gold jewellery are mandated to have a hallmark of the Bureau of Indian Standards in the ornaments made by them to certify purity of the gold. This norm was brought about in January 2020, but the Covid pandemic delayed its implementation. According to brokerage , out of the 4 lakh
Dollar is back under pressure again as risk-on sentiments seem to be back as indicated by US futures. Swiss Franc and Euro are not too far away, as both turn softer, while Yen is following. On the other hand, New Zealand Dollar continues to lead the way after RBNZ’s halt of asset purchase program. Canadian
Forex news from the European trading session – 14 July 2021 Headlines: Markets: NZD leads, USD lags on the day European equities lower; S&P 500 futures up 0.1% US 10-year yields down 2.4 bps to 1.391% Gold up 0.5% to $1,816.80 WTI down 0.6% to $74.83 Bitcoin down 0.2% to $32,471 The day kicked off
NEW DELHI: Gold and silver futures traded in the green on Wednesday, bucking the trend in the international market. However, the gains were capped by a firm dollar, which usually makes things difficult for bullion holders. The dollar index held steady, having seen its best daily percentage gain in nearly a month late Tuesday. A