NEW YORK: Oil prices held near 13-month highs on Thursday, with profit-taking limited by an assurance that US interest rates will stay low and a sharp drop in US crude output last week due to the winter storm in Texas. Brent futures for April delivery rose 10 cents, or 0.2%, to $67.14 a barrel by
News
Surging global yields remain the major focus today, with Germany 10-year bund yield hitting as high as -0.234, while UK 10-year gilt yield reaching as high as 0.818. Earlier in Asia, Japan 10-year JGB yield closed strongly at 0.152. US 10-year yield is also trading above 1.45. In the currency markets, Euro is trying to
US Q4 GDP (second reading) +4.1% vs +4.2% expected Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT Fourth quarter 2020 GDP estimate First reading was +4.0% Final Q3 reading was +33.4% Personal consumption +2.4% vs +2.5% expected GDP price index +2.1% vs +2.0% expected Core PCE +1.4% vs +1.4%
New Delhi: Gold futures on Thursday slipped 0.32 per cent to Rs 46,371 per 10 gram as participants offloaded their holdings on a low spot demand. On the Multi Commodity Exchange, gold for the April delivery fell Rs 151, or 0.32 per cent, to Rs 46,371 per 10 grams in a business turnover of 13,350
As DOW hit another record with strong rise overnight, team risk-on is extending the lead over team risk-off in the currency markets. New Zealand Dollar is having a mild upper hand over Australian, Canadian and Sterling for now. But the Loonie is trying to catch up with rising oil price. On the other hand, after
Bloomberg with the piece on moves at Exxon to drop 98% of thick Albertan crude from its reserves list Bloomberg cite a regulatory filing on Wednesday: Exxon counted the equivalent of 15.2 billion barrels of reserves as of Dec. 31, down from 22.44 billion a year earlier And notes that Canada can be brought back onto
NEW DELHI: Gold and silver futures prices gained on Wednesday following the trend in the international market, as the US Federal Reserve reiterated its vow to support the economy. Federal Reserve Chair Jerome Powell in his testimony before the US Senate Banking Committee pushed back on suggestions that loose monetary policy risked unleashing inflation and
The RBNZ delivered a more upbeat statement at today meeting. While leaving the monetary policy measures unchanged and warned of the uneven economic recovery, the staff upgraded the economic projections significantly. Policymakers also introduced a new forward guidance which suggests that policy adjustment will only be made until the job market is very tight. Policymakers
The market is more sanguine about it today The US 30-year bond yield is up 7.8 bps to 2.26% today as the break higher continues. At the start of February it was at 1.80%. We appear to be on a collision course for 2.40%, which is the 2020 high and the 61.8% retracement of the
NEW DELHI: Gold prices on Wednesday fell Rs 148 to Rs 46,307 per 10 grams in the national capital, due to overnight selling in global prices and rupee appreciation, according to HDFC Securities. The precious metal had closed at Rs 46,455 per 10 grams in the previous session. Silver also declined Rs 886 to Rs
Selling focus appears to be turning to Yen as markets enter into US session. Swiss Franc remains weak but the decline is slowing slightly. Dollar and Euro are also soft, but both are supported by buying against Yen and Franc. On the other hand, commodity currencies remain the strongest ones for today as led by
Now that President Biden has specifically raised the cases of Michael Kovrig and Michael Spavor: There is some speculation out of China that President Xi may release the pair as a goodwill gesture, citing ‘humanitarian grounds’ as his reason Not doing so risks further damage to the US-China relationship that is already off to a less
LONDON: Oil prices were steady on Tuesday, trading close to more than year-long highs on signs that global coronavirus restrictions were being eased although concerns about the pace of a US economic recovery kept gains in check. Brent crude was up 7 cents, or 0.1%, at $65.31 a barrel by 1505 GMT, still close to
Breaching the US9000/tonne benchmark, LME copper price skyrocketed to the highest level since 2011. The recent rally in copper price has been driven by hopes of stronger demand as global economic recovery accelerates and concerns over supply tightness in the metal. While the demand/supply looks positive for the metal in the longer term, recent strength
Listen to what’s coming up The US dollar hasn’t been able to make a comeback just yet, despite ongoing weakness in US equities and a clear downturn in global risk sentiment. A lot of this has to do with expectations the Fed will continue to push the goal posts when it comes to guidance around
NEW DELHI: Gold prices on Tuesday jumped by Rs 337 to Rs 46,372 per 10 grams reflecting overnight gains in global gold prices, according to HDFC Securities. The price of the precious metal had closed at Rs 46,035 per 10 gram in the previous session on Monday. Silver also shot up by Rs 1,149 to
Sterling rises broadly today as UK Prime Minister Boris Johnson said he’s “hopeful” and “very optimistic ” to end pandemic restrictions on June 21, based on the “one-way road to freedom” roadmap unveiled yesterday. Canadian Dollar is Dollar is following as second strongest, with a little help from oil prices. Swiss Franc and Yen are
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