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
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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
NEW YORK: Oil prices gained about 3% on Monday on the slow return of U.S. crude output cut by abnormally frigid conditions and as an approaching meeting by top global producers is expected to keep production largely reined in. Brent crude was up $1.65, or 2.6%, at $64.56 a barrel by 12:07 p.m. (1707 GMT)
New Zealand Dollar opens the week higher after ratings upgrade by S&P. The Kiwi would now look into RBNZ’s comments on the economy and new economic projections featured later in that week. Elsewhere, overall risk-on sentiments continue to support commodity currencies and Sterling. On the other hand, Yen and Swiss Franc are trading generally lower,
What’s coming up Happy Monday. The market is tentative today with yields edging higher but the FX market largely unchanged. The economic calendar is all about central bankers today with only the Dallas Fed at 1530 GMT for economic data. For central bankers we get Kaplan at 1400 GMT, Lagarde at 1430 GMT, Kaplan again
By Devika Krishna Kumar and Laila Kearney NEW YORK: Shale oil producers in the southern United States could take at least two weeks to restart the more than 2 million barrels per day (bpd) of crude output that shut down because of cold weather, as frozen pipes and power supply interruptions slow their recovery, sources
Swiss Franc was a focus in earlier European session as it suffered brief but deep selloff. Though, it somewhat found some footing quickly, even though it’s still the second weakest for today so far. Yen is underperforming again on strong major global benchmark yields. Dollar and Canadian Dollar are the next weakest even though Euro
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
New Delhi: Wholesale prices of turmeric and coriander firm up due to a lower crop yield and increased demand in the domestic and export market, said companies and analysts. In the wholesale market, turmeric prices have increased by Rs 18-20 a kg to Rs 75 a kg and coriander by Rs 3-4 a kg to
Fox’s Gasparino sites banking sources Fox’s Charlie Gasparino is tweeting that MSFT could make another run at TikTok if the Oracle deal falls through. MSFT traded below its 100 hour moving average at $241.88 as the pair consolidates near the all time highs over the last few weeks. The current price is trading just above the $241 level. That is still below the
Gold demand in the metros has declined by 10-15 per cent in the last fortnight compared to the previous fortnight due to volatility in the prices of the yellow metal. Prices of gold have fallen by 4.67 per cent in the last fortnight from Rs 49,000 per 10 gm to Rs 46,700 per 10 gm
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