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
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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
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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
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
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,