Dollar remains generally pressured in Asian session, as selling appeared to have taken off overnight. J&J’s vaccine saga is raising some concerns that it would take longer for US to achieve herd immunity. Or, at least, it’s not brightening the outlook. On the other hand, New Zealand Dollar jumps broadly after RBNZ rate decision, taking
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Oil flirts with a break $62.27 is the level to watch in WTI crude today. That was the late-March high and a break above could signal the end of the consolidation period from there to $57.41 over the past three weeks. Crude is currently trading up $$2.11 to $62.47 and bouncing around on either side
Changes to margin rules by Sebi have impacted trading volumes across asset classes over the past few months. While the move is aimed at preventing brokers from providing excessive leverage to traders, limiting risk and protecting retail investors, margin funding is an important tool for smaller brokers and some market participants say further tightening of
The financial markets are generally steady today, as European indices are mixed in tight range. US futures point to slightly higher open, as S&P 500 could extend record run. Gold and oil are both still range bound. In the currency markets, Aussie and Kiwi continue to trade as the strongest ones for today, followed by
Forex news for Asia trading for Wednesday 14 April 2021 There were minor moves only for major FX during the session here today with a touch more US dollar softness the overriding theme. USD/JPY slipped to under 108.80 while GBP, AUD, NZD EUR all recovered from very minor weakness early to record fresh highs compared
Gold prices rebounded on Tuesday from their lowest levels in more than a week after data showing a sharp rise in US inflation bolstered bullion’s appeal as an inflation hedge and weighed on the . Spot gold was 0.7% higher at $1,744.33 per ounce by 12:20 p.m. EDT (1620 GMT), after earlier dipping to $1,722.67,
Both crude oil benchmarks have been range-bounded after pulling back from the peaks in early March. Although global economic recovery is still underway and the pandemic situation has largely stabilized, the ramp-up of output by OPEC members and non-OPEC producers have raised concerns over whether the growth in world demand could absorb supply. This could
MUFG on the outlook for the euro MUFG Research sees a scope for EUR outperformance on a brighter vaccination prospects in Europe. “The chart above highlights a notable acceleration across key EU countries that will greatly improve optimism over a faster pace of vaccination roll-outs. France has seen a pick-up with over 0.5mn vaccines administered
NEW DELHI: Silver prices rose by Rs 310 to Rs 66,438 per kg in futures trade on Tuesday as participants widened their bets on a firm spot demand. On the Multi Commodity Exchange, silver contracts for May delivery gained Rs 310, or 0.47 per cent, to Rs 66,438 per kg in 9,365 lots. Analysts said
Dollar trades mildly lower entering into US session, after US FDA and CDC recommend pause of J&J COVID-19 vaccines on blood clot issue. DOW futures also turn south and point to slightly lower open. Meanwhile, UK Prime Minister Boris Johnson also warned that the fall in infections was due to lockdown, but not vaccinations. At
Via a spokesman for China’s Customs Bureau says the high comparison base will bring challenges to trade growth in Q2 of this year USD denominated exports +30.6% y/y in March imports +38.1% y/y Yuan denominated exports +20.7% y/y imports +20.7% y/y — That big jump in imports is likely an indication of improving domestic demand,
NEW YORK: Oil prices rose nearly 2% on Monday on optimism over the pace of coronavirus vaccinations in the United States and after the Yemen-based Houthi movement said it fired missiles on Saudi oil sites. Crude prices have remained rangebound in the past three weeks, as growing expectations of surging US economic activity are balanced
Dollar and Yen trade slightly higher on mild risk-off sentiment in Asia. Australian and Canadian Dollar are the weaker ones for the time being. But overall, most major pairs and crosses are stuck in range. Except that, some extra strengthen is seen in Kiwi against Aussie. Kiwi could be ready for a ride ahead of
Look at this chart from India From the outset of the pandemic, one of the great fears is that covid would take hold in a crowded, impoverished place like India. The country has done a remarkable job of containing it so far but that appears to have changed with the new variants. That is a
NEW DELHI: Copper futures on Monday slipped 0.92 per cent to Rs 683.50 per kg as participants cut their positions amid muted demand in the domestic market. On the Multi Commodity Exchange, copper contracts for April delivery eased by Rs 6.35, or 0.92 per cent, to Rs 683.50 per kg in a business turnover of
Dollar turns softer entering into US session, as traders await the results of auctions of both 3- and 10-year bonds, worth USD 96B in total. Additionally, there will be auction of USD 24B of 30-year bonds tomorrow, and a total of USD 151B in bills this week. It should be noted that this year’s strong
The US dollar is a touch higher almost across the board of major FX. News flow has been light, US Fed head Powell comments from a US TV interview were reported: I’m assessing Powell’s comments and fairly upbeat but of course he won’t go hiking rates any time soon (see this posts for more details).
NEW DELHI: Silver futures on Friday dropped Rs 552 to Rs 66,949 per kg as participants reduced their bets on low demand. On the Multi Commodity Exchange, silver contracts for May delivery tumbled by Rs 552, or 0.82 per cent, to Rs 66,949 per kg in a business turnover of 9830 lots. Silver traded lower