The rallies of Euro and Swiss Franc continue today, with much help by buying in crosses, in particular against Sterling and Aussie. The latter two are currently the worst performing ones, with Sterling as the weakest for the week too. Dollar is actually performing not too badly, down just against Euro and Franc. Main focus
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Canada Ivey PMI for March 2021 Ivey PMI comes in stronger at 72.9 versus 60.0 last month (adjusted index) unadjusted index comes in at 67.3 in March employment 62.7 versus 54.0 last month. This is the highest cycle hundred four employment. The 2020, the high point reached 57.6. supply deliveries 39.6 versus 38.6 last month prices
NEW DELHI: Gold rallied by Rs 587 to Rs 45,768 per 10 gram in the national capital on Wednesday amid rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 45,181 per 10 gram. In tandem with a rally in gold, silver also jumped Rs 682 to Rs
Euro and Swiss Franc are currently the strongest ones for the week, but overall markets are relatively mixed. The rise in Euro owes a large part to Sterling’s pull back, as well as Dollar’s weakness for now. While overall risk sentiments are positive, there is no clear strength in commodity currencies. Yen is not soft
plans to import edible corn and some grains without tariffs until the end of this year under the quota tariff system, according to Finance Minister Hong Nam-ki. Currently, duties of 3 percent are levied on imported corn “There is a limited chance that annual inflation will exceed (the central bank’s target of) 2 percent, but
LONDON: Hedge funds were small buyers of petroleum last week as managers repurchased some short positions after heavy selling and price falls the previous week. Money managers purchased the equivalent of 10 million barrels in the six most important futures and options contracts in the week to March 30. Previous bearish short positions were trimmed
Positive sentiment sent German DAX to new record high today, while US futures point to a firm open. Investors are becoming more optimistic on the upcoming recovery, as seen in Eurozone Sentix data. IMF also raised growth forecast of the whole world and all advanced economies. The movements in the forecast markets are mixed though.
February job openings data from the Fed Prior was 6917K 3357M people quit a job in February vs 3.311M prior. The quit rate was 2.3% vs 2.3% prior Separations rate 3.8% vs 3.7% prior Layoff and discharges 1.2% vs 1.2% prior This is a great number and March is going to be even better. The
NEW DELHI: Coriander prices on Tuesday rose Rs 202 to Rs 7,398 per quintal in futures trade as speculators widened their holdings tracking firm trend at the spot market. On the National Commodity and Derivatives Exchange, coriander for April delivery went up Rs 202, or 2.81 per cent, to Rs 7,398 per quintal with an
The RBA left all its monetary policy measures unchanged in April. The cash rate target stays at 0.1%. correspondingly, the 3-year Australian Government Bond yield target (yield curve control) and the Term Funding Facility (TFF) interest rate also remain at 0.1%. The size QE purchases is kept at AUD100 until September. We notice a mildly
China Caixin/Markit PMIs, Services and Composite, for March 2021: Services 54.3 expected 52.1, prior 51.5 Business activity and sales both rise at quicker rates Employment returns to growth Business confidence hits highest for over a decade work backlogs rose for the first time in five months Composite 53.1 prior 51.7 And that brings an end
NEW YORK: Oil fell more than $3 a barrel on Monday as rising supply from OPEC+ and higher Iranian output countered signs of a strong economic rebound in the United States. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed on Thursday to monthly production hikes from May to July. OPEC
Markit services PMI Prelim was 60.0 Prior was 59.8 New orders hit a six-year high Rates of input cost and output charge inflation reached fresh record peaks (since 2009) Here’s the commentary on prices in the release: On the price front, input costs soared in March. The rate of inflation accelerated to the fastest since
NEW DELHI: Gold prices on Monday rose by Rs 13 to Rs 45,431 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 13, or 0.03 per cent, at Rs 45,431 per 10 gram in
Sterling rises together with commodity currencies today. Trading has been rather subdued with most markets closed. But activities should come back to life in US session. US futures point to sharply higher open with DOW likely to ride on the sentiment to extend recent record runs. Euro and Dollar are currently the weakest ones, followed
Good morning/afternoon/evening and welcome to Monday! Its a market holiday in New Zealand and Australia today and across most of Europe and the UK which will thin trading out. Hong Kong, Singapore, Japan and China are in. I’ll be popping in from time to time before back to normal on Tuesday. On the data calendar
LONDON/DUBAI: OPEC+ will debate two key options for oil policies from May and beyond, including a rollover of existing cuts and a gradual increase of production, three OPEC+ sources said. The Organization of the Petroleum Exporting Countries (OPEC) and allied producers, a grouping known as OPEC+, are cutting output by a little more than 7