The financial markets continue to be relatively mixed entering into US session. Aussie and Kiwi are currently the strongest one, together with Yen. On the other hand, Dollar and Euro are the weakest ones, together with Loonie. European indexes are trading mildly higher but upside is limited. Gold and oil are also struggling in tight
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China trade balance for May: prior was CNY 276.5bn Exports y/y: +18.1% y/y prior was +22.2% Imports y/y: +39.5% y/y prior was +32.2% more to come — And, in USD terms China trade balance: $45.53bn expected $ 50.5bn, prior was $42.9bn Exports: +27.9% y/y expected +32.1%, prior +32.3% Imports: +51.1% y/y expected +51.5%, prior was
MUMBAI: The National Commodity and Derivatives Exchange (NCDEX) on Saturday said it has posted an over three-fold jump in its Average Daily Turnover Value (ADTV) at Rs 2,139 crore in May, compared to the same month last year. In May 2020, NCDEX had posted an ADTV of Rs 588 crore after a complete pan-India lockdown
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Yields drop today US 10-year yields are down 6.6 bps to 1.56% today to the lows of the day and the week. A fractionally lower dip would be the lowest close since April 22. Clearly the market is growing less worried about a taper and runaway inflation, but the mood of this market can shift
Oil is back on the boil after a small pause. In Mumbai, the price of petrol breached the Rs 101-a-litre mark at Rs 101.25 per litre. The fuel in the national capital crossed the Rs 95-per-litre mark. It is being sold for Rs 95.03 a litre, up from Rs 94.76 on Saturday. In Chennai and
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G7 strikes deal G7 finance ministers in London agreed on the outline of a global deal on taxation that would set a floor for corporate rates around the world. The group will now take the deal to the G20, where an agreement could come as soon as next month. The agreement is no surprise. Leaders
By Navneet Damani Gold prices rose nearly 7 per cent in May, marking the second green candle for the year so far. The yellow metal traded with high volatility in the range of $1,765 to $1,913, and marked the highest level in four and half months. Similarly, silver also traded with high volatility and ranged
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks added +1.92 mmb to 1277.85 mmb in the week ended May 28. Crude oil inventory sank -5.08 mmb (consensus: -2.44 mmb) to 479.27 mmb. Stockpile decreased in 3 out of 5 PADDs. PADD 3 (Gulf
Video released from the start of the fire An enormous fire at the storage facilities of a Tehran refinery on the same day as a fire sank an Iran navy ship sparked speculation about sabotage. It was heightened because Iran is deep in nuclear negotiations. Yet video today of the start of the fire shows
Gold rebounded from a more than two-week low on Friday after U.S. nonfarm payrolls did not rise as much as expected, although bullion was still on course to register its biggest weekly decline since March. Spot gold jumped 1% to $1,889.27 per ounce by 1:46 p.m. EDT (1746 GMT), having earlier in the day hit
Dollar was in a pole position to end as the strong one but was the unfortunately knocked down by solid, but disappointing non-farm payroll report. The data did nothing to alter the base position of Fed officials that, it’s only time to talk about talking about tapering for now. Some more time is still needed
Forex news for North American trading on June 4, 2021 The US employment report showed a gain of 559K (with revisions of +27K) but that was not enough to satisfy those looking for tapering sooner rather than later. The expectations was for 675K (with the whisper levels likely higher than that given the tepid 266K – revised to 278K – last
NEW DELHI: Copper prices on Friday traded up by 0.07 per cent at Rs 734.70 per kg in the futures market on the back of a pick-up in the spot demand. On the Multi Commodity Exchange, copper contracts for delivery in June traded higher by 55 paise, or 0.07 per cent, at Rs 734.70 per
Dollar drops notably in early US session after another NFP miss. It has now reversed all of yesterday’s late gains. Canadian Dollar also turns softer after weaker than expectation job data. On the other hand, other commodity currencies strengthen mildly. In other markets, US future turn up on expectation Fed is not closer to tapering.
US April factory orders -0.6% vs -0.2% expected Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT April US factory orders and durable goods orders revisions: Prior was +1.1% (revised to +1.4%) Ex transport +1.0% vs +1.7% prior Revisions to durable goods: US durable goods orders -1.3% vs -1.3%
NEW DELHI: Gold in the national capital declined by Rs 388 to Rs 47,917 per 10 gram on Friday amid muted global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 48,305 per 10 gram. Silver also tumbled Rs 920 to Rs 69,369 per kilogram from Rs 70,289