Forex news for North American trade on January 8, 2020: Market: Gold down $67 to $1846 US 10-year note yield up 3.4 bps to 1.11% S&P 500 up 14 points to 3818 WTI crude oil up $1.56 to $52.39 USD leads, EUR lags If you look at the FX ticker, it doesn’t look like it
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Oil prices hit 11-month highs and were on track for a weekly gain on Friday, supported by Saudi Arabia‘s pledge to cut output and a global stocks rally as investors looked beyond rising coronavirus cases. Brent crude climbed 88 cents, or 1.6%, to $55.26 a barrel by 1436 GMT, the highest since late February, and
Dollar appears to be turning weaker again after non-farm payroll report showed the first contraction since April. Euro is currently following as second weakest for the than, than Canadian, which was also weighed down by employment data. On the other hand, Sterling is starting to reverse some of this week’s losses while Swiss Franc also
Bloomberg reports on the matter The report cites people familiar with the Moderna approval process, in saying that the UK is reviewing the vaccine on an accelerated timetable and are poised to authorise it for emergency use as soon as Friday. This will be the third vaccine set to be approved by the UK to
Crude oil prices rose by Rs 20 to Rs 3,758 per barrel on Friday as participants widened their positions on firm spot demand. On the Multi Commodity Exchange, crude oil for January delivery traded higher by Rs 20, or 0.54 per cent, at Rs 3,758 per barrel in 2,582 lots. Analysts said raising of bets
Asian markets are staying in full risk on mode, except China, following the record runs in US overnight. However, this time, Dollar is not facing much selling pressure, but recovered instead. The reflation trade and strong rally in treasury yield might finally start to give the greenback a floor. Still, Dollar will need to face
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
Gold eased on Thursday on a stronger dollar and higher U.S. Treasury yields, but prospects of more fiscal stimulus under a Democrat-led administration in Washington capped losses. Spot gold was down 0.3% to $1,912.86 per ounce by 10:39 a.m. EST (1539 GMT). U.S. gold futures were up 0.3% at $1,913.90. Prices slipped as much as
Dollar extends recovery in European but there appears to be no follow through buying so far. It remains one of the weakest for the week, together with Yen and Sterling. Australian and New Zealand Dollars are paring some of this week’s gains too. The US Senate and House certified President-elect Joe Biden’s victory in the
Latest data released by Eurostat – 7 January 2021 Prior -0.3% Core CPI +0.2% vs +0.2% y/y expected Prior +0.2% No change in headline and core inflation in the Eurozone for the month of December relative to November. That just reaffirms more subdued price pressures in general towards the end of last year, with core
NEW DELHI: Gold and silver futures prices in the domestic market edged higher on Thursday amid violence and political uncertainties in the US and after Democrats gained majority in the US Senate. Democrat victories in two Georgia races cleared the way for a larger fiscal stimulus under President-elect Joe Biden. Many investors view bullion as
Dollar is recovering mildly today but remains one of the weakest for the week, together with Yen and Sterling. Solid risk appetite, with DOW closing strongly at new record overnight, is keeping the greenback and Yen pressured. Yen appears to be slightly weaker with the sharp rally in treasury yield. The Pound, on the other
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
Oil prices extended gains on Wednesday, rising to their highest since late February, after Saudi Arabia announced a big voluntary production cut, and as an industry report showed U.S. inventories fell last week. Brent crude rose 85 cents, or 1.6%, to $54.45 a barrel at 1050 GMT, its highest level since Feb. 26, 2020, after
Yen selling takes center stage today, following strong rise in global treasury yields. In particular, US 10-year yield is trading at 0.99 at the time of writing, after hitting 1.037 earlier. Dollar remains generally pressured, and even the recovery against Yen is weak. The surprised contraction in ADP employment is definitely not giving the greenback
Latest data released by Eurostat – 6 January 2021 Prior +0.4% PPI -1.9% vs -2.0% y/y expected Prior -2.0% Producer prices creep up a little further in November last year but that hasn’t quite translated much into anything significant on the inflation front. That said, comparatively to the year before, producer prices are also still
NEW DELHI: Gold and silver futures prices in the domestic market traded with cuts on Wednesday amid uncertainty around elections in Georgia, which will decide how easy it will be for US President elect Joseph Biden to take decisions during his presidency. Polls closed in Georgia’s dual runoff elections that will determine both control of
Dollar’s decline resumed overnight and stays soft in Asian session today. Though, intensity of the selloff remains relatively weak. FOMC minutes is a feature today but that’s unlikely to provide any inspiration for the greenback. Sterling is indeed still the worst performing one for the week for now, as weighed down by fresh lockdowns. As