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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 YORK: Oil settled modestly lower on Friday but secured a weekly gain on a stronger demand outlook and signs of economic recovery in China and the United States that offset concerns about rising COVID-19 infections in other major economies. Brent crude settled down 17 cents, or 0.3%, at $66.77 a barrel. The global benchmark
Dollar tumbled broadly again as falling treasury yield pushed US and German stocks to new record highs. Near term trend in the greenback should have reversed, but it’s unsure whether it’s ready for medium term down trend resumption yet. At least, EUR/USD will have to break through 1.2 handle with some conviction, while Dollar index
Forex news for North American trade on April 16, 2021: Markets: Gold up $11 to $1775 US 10-year yield up 1 bps to 1.58% WTI crude oil down 34-cents to $63.12 S&P 500 up 17 points to record 4188 GBP leads, NZD lags The impressive reversal in cable on Friday was the main event in
Gold prices rose to a seven-week high on Friday and were on track for their best week since mid-December as retreating US Treasury yields and a softer dollar bolstered the metal’s appeal. Spot gold jumped 0.9% to $1,779.00 per ounce by 10:26 a.m. EDT (1426 GMT), having earlier hit its highest since Feb. 25 at
Sharp decline in US treasury yields overnight boosted DOW and S&P 500 to new record highs. Positive sentiments also somewhat carried on in Asian session today, as supported by solid data from China. The forex markets are quiets, however. Dollar is recovering some of this week’s losses, but remains the second worst performing, next to
EUR/USD touches 1.1995 The euro keeps on knocking but it can’t get into the 1.20 range. It hit 1.1995 but has quickly faded back to 1.1975 into the London fix. Stops and offers are building up on both sides of the figure. It might take until next week but a run is coming and it
NEW DELHI: Gold prices rose marginally by Rs 9 to Rs 46,431 per 10 gram in the national capital on Friday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,422 per 10 gram. Silver also gained Rs 53 to Rs 67,460 per kg from Rs 67,407 per kg
Dollar edges lower today but there is no follow through selling so far, in quiet markets. Still, the greenback is set to end the week as the worst performer, followed by Canadian and Swiss Franc. Sterling dipped notably earlier today but quickly recovered. Australian and New Zealand Dollar are soft, consolidation this week’s gains, as
Forex news for Asia trading for Friday 16 April 2021 Morning trade in Asia has been characterised by a stronger USD across the major FX board. The move was not driven by news nor data (although we had a reasonable flow of both) but a combination of position trimming ahead of the big data release
Gold jumped to its highest in over a month on Thursday as the dollar and US Treasury yields retreated despite better-than-expected US economic data, pushing more investors to bullion as a refuge against possible inflation ahead. Spot gold rose 1.7% to $1,766.13 per ounce by 11:07 a.m. EDT (1507 GMT), having earlier risen to $1,767.60,
The forex markets turned mixed in Asian session. Dollar is taking a breather after yesterday’s selloff, but remains the worst performing one for the week. Australian Dollar retreats mildly after strong employment data. But the Aussie is still the second strongest for the week, just after New Zealand Dollar. Canadian Dollar attempted to follow upside
Canadian dollar the laggard this week Timing is everything. That’s true in life, in trading and in analysis. The Canadian dollar is the worst-performing G10 currency this week. That’s strange given the bounce in oil prices, rising commodities more broadly, strong US data and fresh records in stock markets. The obvious concern is covid, with
NEW DELHI: Gold jumped Rs 159 to Rs 46,301 per 10 gram in the national capital on Thursday reflecting recovery in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,142 per 10 gram. Silver also gained Rs 206 to Rs 67,168 per kilogram from
A batch of very strong US economic data shoots DOW futures sharply higher ahead of open. Retreat in 10-year yield is also helping sentiments mildly. But Dollar is having little reaction so far, except recovery mildly against Euro and Swiss Franc. Australian Dollar is now the strongest one for today, as supported by upbeat job
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
KOLKATA: Soybean processors have sought the intervention of markets regulator Sebi and National Commodity & Derivatives Exchange (NCDEX) to arrest the rise in soybean prices. They suspect that speculators are rigging prices as currently there is no mismatch in demand and supply of the agri-commodity which is used to produce oil and animal feed. The