Dollar weakens again in rather quiet markets today. But there is no committed selling so far, as the greenback is staying inside yesterday’s range. European majors also soften, on lockdown concerns, and shrug of solid German economic data. Commodity currencies are stronger in general, even though risk markets are rather sluggish. US futures are pointing
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Announcement by UK finance minister, Rishi Sunak One-off top up grants for retail, hospitality, businesses up to £9,000 per property A £594 million discretionary fund set up to support other impacted businesses New lockdown grants to total £4.6 billion For bank trade ideas, check out eFX Plus This comes after Boris Johnson announced a national
By Ranjeetha Pakiam Gold traded near an eight-week high as a surge in global coronavirus cases and curbs stoked demand for the haven, which has been supported by lower US real yields, a weaker dollar, and slumping equities. Bullion has made a strong start to the new year, with the variant strain of the coronavirus
Sterling is currently trading as one of the weakest, as weighed down by the return to tough nationwide lockdown. Selloff in the Pound in crosses is keeping Euro and Swiss Franc afloat. Dollar attempted a rebound overnight, with the pull back in stocks. But there is apparently no follow through buying in the greenback yet.
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Oil prices touched multi-month highs on Monday on expectations OPEC and allied producers may cap output at current levels in February and on hopes that coronavirus vaccines may help curb the spread of the virus and drive a strong economic rebound in the new year. Prices rose in line with broader financial markets with Brent
Dollar’s selloff intensifies somewhat today, with solid risk appetite in the background. Though, Sterling is slightly weaker entering into US session. On the other hand, Euro and Swiss Franc are the strongest for now. Commodity currencies are also struggling to pick up buying despite rally in oil prices and Gold. Nevertheless, a busy week with
Fuji News Network reports on the matter This seems more of an inevitability now, with the expected start date said to be on 9 January i.e. this coming Saturday and last for about a month. The state of emergency will cover Tokyo and its neighbouring prefectures of Kanagawa, Saitama, and Chiba. The other details are
NEW DELHI: Gold and silver futures prices in the domestic market traded with gains on Monday as covid-19 cases continued to surge forcing many countries to mull tougher restrictions. Global coronavirus cases continued to climb, with British Prime Minister Boris Johnson hinting at tougher lockdown restrictions, while Japan considered declaring a state of emergency for
Dollar trades generally lower today as Asian markets ex-Japan open the year on strong footing. Investors are generally riding on optimism of vaccine rollouts and an eventual sustainable global recovery. Though, for the short term, Japan is facing risk of more lookdowns while coronavirus infections in the US could still surge again. The forex markets
It’ll take a few days for the data agenda to ramp up but to kick off the new year: 2200 GMT Australia – Markit Manufacturing PMI for December (final) 2300 GMT Australia CoreLogic House prices for December 0030 GMT Japan – Jibun Bank/Markit Manufacturing PMI (final) for December For bank trade ideas, check out eFX
Silver prices rose by Rs 92 to Rs 68,197 per kg in futures trade on Friday as participants widened their bets on firm spot demand. On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 92, or 0.14 per cent, to Rs 68,197 per kg in 14,044 lots. Analysts said the rise in
Kyodo News reports on the matter It will be the first time that the Japanese capital exceeds the 1,000 mark and it adds to more uncertainty in the country as the new year approaches. Despite the Japanese government throwing massive amounts of stimulus at the problem, the health crisis is still the main problem that
Crude oil prices rose by Rs 16 to Rs 3,540 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 16, or 0.45 per cent, at Rs 3,540 per barrel in 1,222 lots. Analysts said raising of bets
The winners and losers among the major currencies space in 2020 It has been a long and weary year with plenty of twists and turns along the way but here we are, wrapping up the final day of a historic 2020. Everything that we knew about the year was completely eviscerated in the first three
oil’s history ends, a delicate task now confronts OPEC+. The alliance of producers led by Saudi Arabia and Russia must decide whether it can continue to restore crude supplies without capsizing the price recovery they spent most of 2020 working to achieve. Moscow believes that the group — which slashed output during the pandemic —
Weekly US initial jobless claims data Prior was 803K (revised to 806K) Continuing claims 5219K vs 5390K expected Prior continuing claims 5337K PUA claims 308K vs 397K prior Total claims 19.564K vs 20.368K prior Full report This is for the week ending December 26, which is obviously impacted by holidays and very tough to forecast
LONDON: Members of the OPEC group of oil producers and their partners will meet via videoconference on Monday to decide on production levels for February, hoping to turn the corner on a difficult year. The OPEC+ ministerial meeting comes after oil consumption tanked in 2020 due to the Covid-19 pandemic and a price war between