NEW DELHI: Gold and silver futures prices continued to gain on Wednesday as the path for the US stimulus package became clearer while the US dollar also fell to one week low. US President Joe Biden said he agreed with a proposal by Democratic lawmakers that would limit or phase out stimulus payments to higher-income
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Dollar stays broadly weak in Asian session today even though general sentiments stabilizes. Risk-seeking trading is taking a breather somewhat after US stocks hit new intraday higher overnight. Euro is currently the stronger one for today, followed by Sterling. But Swiss Franc and Yen are currently the best performing ones for the week so far.
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SINGAPORE: Oil prices advanced on Tuesday to their highest in 13 months, as supply cuts by major producers and optimism over a recovery in fuel demand support energy markets. Brent crude futures for April gained 50 cents, or 0.8%, to $61.06 a barrel by 0721 GMT. U.S. West Texas Intermediate crude (WTI) for March was
While silver’s retreat from the 8-year high suggests that the media-inspired short squeeze has failed and further correction is likely, the metal should benefit from the global economic recovery and the new US fiscal stimulus package in the longer-term. Although both are in the precious metal category, silver will be a better play than gold
10-year Italian bond yields fall to 0.50% Super Mario is back and the market continues to show a vote of confidence in him as BTPs push higher with yields falling to a record low in the European morning today. The transformation of Italian bonds over the past year is quite notable, especially since Lagarde &
Gold climbed for a third straight day as investors weighed prospects for more stimulus in the U.S. and the possibility of higher consumer prices against an advance in stocks to a record. The haven’s steady rise came with traders keeping tabs on a roaring Bitcoin market. The precious metal headed for the longest run of
Dollar’s selloff finally took off overnight as US stocks were boosted further to new record highs on reflation trade and vaccine optimism. Selling is really broad based this time, as the greenback tumbled even against Yen and Swiss Franc. For now, New Zealand and Australian Dollars are the strongest ones but Canadian Dollar is lagging
Dollar and Yen are both recapturing some ground as risk appetite cools slightly in European session. Still, US stocks futures point to more record runs today while yields are firm. We’ll see if the greenback to ride on the trend to resume near term rebound. Canadian Dollar is currently the stronger commodity currencies, as supported
Comments in an RBNZ report on financial stability There is evidence of a speculative dynamic emerging with many buyers becoming highly leveraged Now concerend about the risk a sharp correction in the housing market would pose for financial stability LVR restrictions do not apply to new residential construction Putting in place more stringent LVR restrictions
LONDON: Oil prices rose on Monday to their highest in just over a year, with Brent nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures that can boost demand. Brent was up 68 cents, or 1.2%, at $60.02 a barrel by 1442 GMT, while
Risk-on sentiments continue in Asian session today with Nikkei hitting 30-year higher, while oil prices are also back at pre-pandemic level. Yen and Swiss Franc are currently the weakest one, together with Euro. On the other hand, commodity currencies are leading the way up naturally. Dollar and Sterling are mixed in between. Technically, EUR/USD is
Latest data released by the SNB – 8 February 2021 Domestic sight deposits CHF 640.2 bn vs CHF 637.4 bn prior Prior week’s release can be found here. Overall sight deposits ease a little in the past week as the SNB appears to have taken its foot off the pedal in recent weeks. The more
SINGAPORE: Oil prices rose on Monday to their highest in just over a year, with Brent futures nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further US economic stimulus measures to boost demand. Brent crude for April touched an intraday high of $60.06 a barrel, the highest since
What’s happening in the FX market EUR/USD -6 pips to 1.2040 USD/JPY -6 pips to 105.33 GBP/USD -16 points to 1.3719 USD/CHF -2 pips to 0.8992 USD/CAD +9 pips to 1.2765 AUD/USD -16 pips to 0.7662 NZD/USD -5 pips to 0.7192 These are early levels and can change once liquidity improves. The early theme is
Nickel prices rose by 1.52 per cent to Rs 1,301.70 per kg in futures trade on Friday as speculators built fresh positions on a rising demand from alloy makers in spot market. On the Multi Commodity Exchange, nickel contracts for February delivery gained Rs 19.50, or 1.52 per cent, to Rs 1,301.70 per kg in
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