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Forex news for North American trading on May 21, 2021 A snapshot of other markets into the close for the week: Spot gold is trading at three dollars or 0.16% at $1880 Spot Silver is down $0.20 or -0.75% at $27.54 WTI crude oil futures are up $1.91 03.08 percent $63.85 The price of bitcoin is heading into the
LONDON: Oil prices rose sharply on Friday after three days of losses, but were on track for a weekly fall as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made progress a nuclear deal. Brent crude futures rose $1.25, or 1.9%, to $66.36 a barrel by 1351
Canadian Dollar rises in early US session after stronger than expected retail sales data. Sterling is also firm after strong PMIs. But Euro had little reaction to the solid PMI data. Instead, the common currency seems to be reacting to ECB President Christine Lagarde’s comment that accommodative policies remain necessary for months to come. Euro
Not a whole lot going on thus far European indices are posting slight gains so far on the session while US futures are seen up 0.2%, as risk tones keep steadier and calmer after the bounce yesterday. That sets up a less nervous start perhaps towards North American trading later but there are still some
NEW DELHI: Gold futures edged lower on Friday after strong weekly jobs data released in the US overnight increased appetite for riskier assets and lowered bullion’s safe haven appeal. The fall, however, remained limited, thanks to a weaker dollar and growing inflationary pressure in the US. Gold futures for June delivery were down 0.40 per
The forex markets still generally range bound for the moment. Dollar weakened mildly overnight, but stays above near term lows against other major currencies. Similarly, Yen is also bounded in very tight range. US stocks’ rebound overnight was as positive development for sentiments. Yet, there is no follow through actions in Asia. Though, volatility might
New Zealand Finance Minister Grant Robertson speaking, says he wants to return to a fiscally viable position But … it’s too early to set a target for net debt Also: hopes border opens more in 2022 NZ relationship with China is very important Robertson adds that the NZ relationship with China is built on mutual
Gold hovered close to a more-than-four-month peak it scaled in the previous session, fuelled by a dip in the and U.S. yields as investors shrugged off the Federal Reserve‘s hints on possible tapering of economic support measures. Spot gold rose 0.4% to $1,876.80 per ounce by 10:36 a.m. EDT (1436 GMT). U.S. gold futures fell
The forex markets are very quiet today, with most major pairs and crosses staying inside yesterday’s range. Dollar is paring some post FOMC minutes gains, while Sterling is also soft. On the other hand, Australian and New Zealand Dollar are both recovering mildly. As for the week, Euro is currently the strongest one,m followed by
Latest data released by CBI – 20 May 2021 Prior -8 Trends selling prices 38 Prior 27 Invest in yourself. See our forex education hub. UK factory orders jump to their highest since December 2017 as the reopening continues to fuel stronger economic prospects in Q2. That said, businesses continue to fear supply chain bottlenecks
Prices in China for commodities such as iron ore, steel rebar, coal and copper have surged to record highs this month prompting the government to step in to curb “unreasonable” cost increases for consumers. WHAT HAVE COMMODITY PRICES DONE? As the world’s factory floor and largest construction market, China has been the main driver of
Dollar recovered overnight, with help from mild risk aversion and some slight hawkish twists in FOMC minutes. Yet, it couldn’t manage to break through any near term technical level yet. Euro remains the strongest one for the week at this point, followed by Yen. Commodity currencies are the generally weaker ones while Aussie is getting
The labour market employment report is due from Australia at 0130GMT I posted the heads up earlier: To repeat (click-saving initiative!): Employment Change: K expected 20K, prior 70.7K Unemployment Rate: 5.6% expected %, prior 5.6% Full-Time Employment Change: K prior was -20.8K Part-Time Employment Change: K prior was 91.5K Participation Rate: % expected 66.3%, prior
Domestic precious metal prices dropped on Wednesday tracking volatility in global markets ahead of the release of minutes of the US central bank’s last policy meeting. Profit booking was witnessed across commodities ahead of the key event, which may offer more clarity on interest rates in major economies, say analysts. The white metal suffered its
Global equities are under selling pressure today with another round of rise in treasury yields. In particular, Germany 10-year yield jumped above -0.1% handle and hit the highest level since mid-2019. The development came after stronger than expected inflation reading from UK, which was later followed by Canada CPI. New Zealand Dollar and Australian Dollar
Latest data released by Eurostat – 19 May 2021 Core CPI +0.7% vs +0.8% y/y prelim The preliminary release can be found here. No change to the headline estimate but the core reading is revised a touch lower, so that will at least continue to reaffirm the ECB’s take that actual inflation isn’t quite taking
NEW DELHI: Gold prices inched up on Wednesday, hovering near a four-month high on a weaker dollar, while investors awaited minutes from the US Federal Reserve’s last policy meeting as inflation worries persist. However, Indian markets bucked the global trends on the back of mixed cues. The US central bank has pledged to keep interest