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
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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
Dollar’s decline slowed in Asian session today, but remains generally weak, in particular against European majors. Though, indecisive risk sentiment is somehow limiting upside in commodity currencies, with Canadian Dollar following oil prices lower today. There is prospect of more volatility in the markets today, with consumer inflation data from UK and Canada featured. FOMC
Latest piece of research from Moody’s (rating agency) In Southern Europe, EU recovery funds will boost growth and cut debt, but long-term benefits are more uncertain Greece, Italy, Portugal and Spain to receive nearly half of all grants and loans in EU recovery fund Along with regular EU funding, the associated investment will lift growth,
LONDON: Most industrial metals prices rose on Tuesday as investors betting on a long period of low interest rates bought riskier assets, pushing global stock markets higher and dragging the dollar to its weakest since February. The weaker greenback helps dollar-priced metals by making them cheaper for buyers with other currencies. Benchmark copper on the
Dollar’s selloff intensifies today as risk-on sentiment is slowly coming back to the markets. Yen is following as the next weakest. European majors are currently the main winners. Commodity currencies are somewhat lagging behind. In other markets, European indexes are trading slightly higher while US futures also point to higher open. Gold and oil prices
Latest data released by Eurostat – 18 May 2021 Prior €18.4 billion; revised to €23.1 billion As a whole in Q1, euro area exports were seen down 0.6% compared to the same period in 2020 while imports actually showed a 0.2% increase compared to the period. That said, there is still some ways before the monthly
NEW DELHI: Gold prices on Tuesday rose to their highest in more than three months as a weaker U.S. dollar and growing inflationary pressure lifted bullion’s appeal as an inflation hedge. Precious metals continued the northward movement in the Indian market. Investors now await minutes of the U.S. Fed’s last meeting, due on Wednesday, for
Dollar and Yen are both under pressure again today, as broad based risk sentiments improved. In particular, the volatile Nikkei managed to close up more than 2%. New Zealand Dollar is leading other commodity currencies higher too. But Canadian Dollar and Sterling are the strongest ones for the week at this point. The Loonie is
Last week we had Commonwealth Bank of Australia analysts warn that Australia is most likely to lose its AAA rating Post is here if you missed it Westpac have provided their analysis, in brief saying that they are of the opinion that the next S&P sovereign rating review for Oz should maintain the Negative Outlook
Gold prices climbed to their highest in more than three months on Monday, driven by weaker US Treasury yields and inflation concerns that weighed on investors’ appetite for risk. Spot gold jumped 1% to $1,859.67 per ounce by 10:31 a.m. EDT (1431 GMT), after hitting its highest since Feb. 2 at $1,861.02. US gold futures
Commodity currencies are trading as the weaker ones for today so far, as risk markets turn softer. Major European indexes are in slight red,. while US futures point to lower open. Yen is currently the stronger ones, followed by Swiss Franc and then Dollar. But overall, major pairs and crosses are still generally stuck in
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By Ravindra Rao MCX Gold June futures have extended their rebound from the key support of 20 day EMA at Rs. 47260. The Bollinger band analysis on the daily charts suggests bullish bias as price is trading above the midline. The upper band resistance for price exists around Rs. 48220, which could be the ideal