The forex markets are reversing some of this week moves today, as stock investors are also taking some profits ahead of the weekend. Euro is the better performing so far, followed by Swiss Franc, Dollar and Yen. Meanwhile, Sterling and commodity currencies are the weaker ones. As for the week, Dollar is the weakest together
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Japan inflation data coming up today 2130 GMT New Zealand – BusinessNZ manufacturing PMI for December prior 55.3 2145 GMT NZ CPI – inflation in New Zealand for Q4 CPI expected 0.2% q/q, prior 0.7% CPI expected 1.1% y/y, prior 1.4% 2200 GMT Australia CBA / Markit preliminary PMIs for January Manufacturing prior 55.7 Services
Oil slipped on Thursday after industry data showed a surprise increase in U.S. crude inventories that revived pandemic-related demand concerns, but United States stimulus hopes limited the price downturn. Brent crude futures fell 47 cents, or 0.8%, to $55.61 a barrel by 1030 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 43 cents, or
The ECB left its powder dry in January. While continuing to warn of the downside risks on the Eurozone and global economy, the central bank delivered a hawkish tweak about operation of the Pandemic Emergency Purchase Program (PEPP). On the monetary policy measures, the central bank left the size of PEPP at 1850B euro and
Latest data released by INSEE – 21 January 2021 Prior 91 Manufacturing confidence 98 Prior 93; revised to 94 Services confidence 91 Prior 90 French business morale improved slightly with services confidence keeping steadier while industrial confidence jumped, brushing aside all the recent virus pessimism. That’s an encouraging start to the year in terms of
NEW DELHI: Gold and silver futures prices in the domestic market continued to gain in the morning trade on Thursday bucking the trend in the international market, as hopes of a massive stimulus bolstered the prospects for precious metals. US President Joe Biden signed a string of executive orders, shortly after being sworn in on
The January BOJ is non-eventful. Cautioning that risks to the economic outlook is tilted to the downside, the central bank announced to leave all its stimulus measures unchanged. In contrast to speculations, the central bank did not adjust the implicit trading band of the 10-year JGB yield. There is a minor tweak in economic assessment.
Strong day for stocks The S&P 500 is up 60 points to 3858 in a big day for risk appetite. The Nasdaq is up 2.2% in a notable shift away from value and back to growth. This leg in the move in stocks hasn’t left much of an imprint on FX and Treasury yields are
Gold gained for the third day on Wednesday rising Rs 347 to Rs 48,758 per 10 gram in the national capital in line with rally in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 48,411 per 10 gram. Silver also witnessed buying as it
Euro weakens notably today as recovery momentum diminished quickly. Dollar is not gaining much, though, as commodity currencies trade broadly higher with new wave of buying. Australian Dollar is once again leading others. Canadian Dollar shrugs off weaker than expected inflation reading, and await BoC rate decision and the next move in oil price. In
A slight advance to kick start the session Eurostoxx +0.4% Germany DAX +0.2% France CAC 40 +0.3% UK FTSE +0.1% Spain IBEX +0.4% For bank trade ideas, check out eFX Plus This reflects the more positive mood in US futures as well, with S&P 500 futures up 0.2% and Nasdaq futures up 0.6% currently. Equities
NEW DELHI: Gold and silver futures prices in the domestic market gained in the morning trade for on Wednesday following the trend in the international market, as hopes of a massive stimulus bolstered the prospects for precious metals. The dollar index eased further from a four-week high hit earlier in the week, while most US
Canadian Dollar is a main focus today with BoC rate decision featured. Recent strong risk-on markets haven’t given the Loonie much lift. It’s upside is somewhat capped as oil price turned into consolidation after last week’s spike. Also, traders turned cautious before BoC’s indication on the chance of a micro rate cut. Elsewhere, Dollar and
Some comments on Iran, China. US along way from strengthening Iran deal Iran’s breakout time has gone from over a year to 3 to 4 months based on public reporting no doubt China poses the most significant challenge to the United states of any nation Trump was right to take tougher approach to China, although says he disagreed
Gold edged up on Tuesday as the dollar weakened ahead of U.S. Treasury Secretary nominee Janet Yellen’s speech later in the day, with prospects for more fiscal stimulus buoying bullion‘s appeal as an inflation hedge. Spot gold was up 0.2% to $1,840.56 per ounce at 9:25 a.m. EST (1425 GMT), recovering from its lowest since
Yen and Dollar remain the worst performing ones for today with markets generally in risk-on mode. Investors are awaiting US Treasury nominee Janet Yellen’s Senate hearing for more information on the her stance on fiscal stimulus and Dollar exchange rate. Though, buying focuses turned from commodity currencies to Euro and Swiss Franc. Australian Dollar is
UK prime minister, Boris Johnson, is said to target easing virus restrictions by Good Friday i.e. 2 April to allow families some small contact again Times Radio’s chief political commentator, Tom Newton Dunn, tweets: Will Easter be the new Xmas, albeit a thin one? This is the PM’s new hope, I’m told. He has privately
NEW DELHI: Gold futures prices in the domestic market continued its downward journey in the morning trade for another day on Tuesday bucking the trend in the international market, but the losses were limited as India sped up vaccine deployment. However, silver futures edged higher riding on a wave of news including upcoming stimulus packages