Trading continues to be relatively subdued in the forex markets. US Treasury Janet Yellen’s comments prompted selloff in stocks overnight. But reactions in currencies were just mild, with most pairs and crosses range bound. Strong job data from New Zealand is giving the Kiwi a lift, while Aussie is supported by strong construction data. Yen
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Positive day for crude It has been a great day for risk trades but oil has managed its third-best close of the year — finishing narrowly below the March highs. It settled up $1.20 to $65.69, which was just off the session high of $65.84. There was a 30-cent pop in the final minutes of
Prices of rubber, an industrial commodity, jumped on Tuesday to the highest level in nearly a month amid supply shortage, adding to a rebound that began last week as firm demand along with positive cues in the international market boosted sentiments of market participants. rubber futures due for delivery on May 31 traded 1.52 per
Dollar and Yen rebound notably today as consolidative trading continues, with help from mixed sentiments. European indices are mixed while US futures point to lower open. Major global trading yields are trading lower, with US 10-year yield below 1.6 handle. New Zealand Dollar is leading Australian Dollar lower, followed by Sterling. Technically, we’d maintain the
UK stocks gain in catch-up play after the long weekend Eurostoxx +0.1% Germany DAX flat France CAC 40 +0.1% UK FTSE +0.8% Spain IBEX +0.1% The overall risk mood is more tepid in general with US futures also keeping little changed. S&P 500 futures are down 0.1%, Nasdaq futures down 0.1%, Dow futures flat. In
NEW DELHI: Gold and silver futures prices dropped lower up on Tuesday, as a stronger dollar and optimistic comments from US Federal Reserve Chairman Jerome Powell on the economy weighed on the metal’s safe-haven appeal. The dollar index was up 0.1 per cent against its rivals, making gold more expensive for other currency holders. The
The forex markets are staying in consolidative mode this week so far. Aussie is steady in tight range after RBA stood pat as widely expected, even though GDP forecast was upgraded. Dollar is recovering again as the retreat overnight didn’t last long. Canadian Dollar and Yen also trade with a slightly firmer tone. On the
U.S. Treasury debt issuance estimates U.S. Treasury expects to issue $463 billion of net marketable debt in April to June 2021. That is much higher than the February estimate of $95 billion increasing in the borrowing estimate is due to additional spending due to covert 19 in January – March 2020, it issued $401 billion in
Gold prices jumped more than 1% on Monday, with the rally spilling over into other precious metals as well, driven by a retreat in the and US Treasury yields. Spot gold was up 1.4% at $1,792.41 per ounce by 12:13 p.m. EDT (1613 GMT), after hitting its highest since April 22 at $1,797.75. US gold
Markets seem to be back in mild risk on mode in Europe, shrugging off the selloff in Asia. US futures also point to higher open, as the record run could resume this week. The currency markets are relatively mixed. Yen is stabilizing into US session after earlier selloff. Dollar is also weakening mildly for the
Latest data released by Markit – 5 May 2021 While missing on estimates, the reading here is still a positive one as it beats out the March performance. The Spanish manufacturing sector is still showing optimistic signs with new orders and production being up sharply. Input prices continue to climb as well, so that puts
NEW DELHI: Gold and silver futures prices ticked up on Monday, supported by a muted dollar ahead of the release of a series of US data and the deepening of the coronavirus pandemic in India. The dollar index was down 0.1 per cent against its rivals, making gold less expensive for other currency holders. Meanwhile,
The forex markets are relatively quiet in Asia, with Japan and China on holiday. Main theme is extended selloff in the Japanese Yen despite steep decline in Hong Kong and Singapore stocks. Aussie and Kiwi are the mildly firmer ones while Swiss Franc is softer. Also, a major talking point is the strong rises in
Bank of England, Governor Andrew Bailey, 0.10%, Meets May 06 Prior to the latest BoE meeting on March 18 there was a tail risk of a rate hike coming into the markets. The GBP has been strongly supported over the last few weeks and the last meeting continues to provide reason for optimism regarding GBP
NEW YORK: Oil prices fell from six-week highs on Friday as investors unloaded positions after weak Japanese crude import data and on worries about fuel demand in India, where COVID-19 infections have soared. US crude and global benchmark Brent logged their biggest daily drops in more than three weeks, but saw monthly gains of near
Bloomberg post a summary of Buffett’s dealings via a weekend regulatory filing: net stock sales in the first quarter were the second-highest in almost five years and Berkshire Hathaway slowed its pace of share buyback Berkshire’s cash holdings rose 5.2% from three months earlier to a near-record $US145.4 billion at the end of March The
Physical gold in India was sold at a discount this week for the first time in 2021 as a spike in coronavirus cases prompted strict restrictions and kept buyers away. Several Indian states have run out of coronavirus vaccines as new infections surged to another daily record. “Almost every state government has put some kind