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Dollar’s rebound gains much momentum in early US session with a little help from much stronger than expected retail sales data. Canadian Dollar is following as second strongest for today, riding on rally resumption in oil prices. On the other hand, Euro is suffering some steep selling together with Swiss Franc, and Sterling. Yen is
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: Gold in the national capital plunged Rs 717 to Rs 46,102 per 10 gram on Wednesday in line with decline in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,819 per 10 gram. Silver also declined Rs 1,274 to Rs 68,239 per
The strong rally in US treasury yield overnight pushed Dollar notably higher. The greenback is indeed the second strongest one for the week, just next to Sterling. Canadian Dollar is following closely with support by resilience in oil prices. ON the other hand, overall risk-on sentiment is keeping Yen under heavy selling pressured. Other currencies,
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
LONDON: prices hovered near 13-month highs on Tuesday, supported by a U.S. cold snap that shut wells in the oil-producing state of Texas, though gains were capped by a Norwegian wage deal that averted supply disruptions in Europe. The global rollout of coronavirus vaccinations, fuelling expectations of a recovery in the global economy and oil
Dollar is striking back today with some help from surging US yields. At the time of writing, 10-year yield is trading above 1.25 handle. Additionally, much stronger than expected manufacturing is support the greenback too. While European stocks are treading water, US futures point to higher open. Yen is now the worst performing one, followed
The reflation narrative keeps the market buzzing this week The breakout in Treasury yields towards the end of last week is holding and that is keeping with the reflation theme that is sweeping across the market in the past few weeks. Of note, 10-year yields are holding above 1.20% and is up to 1.24% today
NEW DELHI: Gold and silver futures prices traded with gains on Tuesday following the trend in the international market, thanks to easing dollar. Hopes of a stimulus also lifted the appeal for gold. The dollar eased against rivals, making gold more affordable. However, benchmark US Treasury yields rose to their highest levels since March, which
Strengthening against US dollar for 8 consecutive months, Renminbi (Chinese yuan) has accumulated gains of about 10% since June 2020. We believe the rally is overextended as China’s economic recovery has shown signs of losing steam while yield differential between US and China has narrowed over the past few months. Recovery in China is losing
More fuel for US stocks ahead if GS are right about this: households have already accumulated about $1.5tn in ‘excess’ or ‘forced’ savings we expect that to rise to about $2.4tn, or 11% of GDP, by the time that normal economic life is restored around mid-year GS add they expect 20% of the excess savings
LONDON: Oil prices soared on Monday to their highest in about 13 months as vaccine rollouts promised to revive demand and producers kept supply reined in. Brent crude was up 88 cents, or 1.4%, at $63.31 a barrel at 1320 GMT, after climbing to a session high of $63.76, the highest since Jan. 22, 2020.
Strong risk-on sentiments continue today even though US and China are on holiday. Dollar and Yen are both suffering heavy selling pressure, more so the latter. Sterling is leading the way up as Prime Minister Boris Johnson promised to detail his roadmap for lockdown exit on February 22. Canadian Dollar finally reacts to the strong
Comments by UK prime minister, Boris Johnson No decisions have been taken on exact date to reopen schools Hoping to do so by 8 March We will try to set out a roadmap out of lockdown Johnson is managing expectations a little before he gets into more detail on plans for the UK to exit
KOLKATA: National Commodity & Derivatives Exchange Limited (NCDEX) will launch the hi-pro soybean meal futures contract on February 17. The basis centre and additional delivery centre for the contract would be Indore and Latur respectively. The futures contracts, expiring in the months of March 2021 to September 2021 will be available for trading at the
Yen and Dollar are under selling pressure today on strong risk-on markets. Nikkei closed above 30k handle for the first time in 30 years, as lifted by stronger than expected GDP data. Swiss Franc is following closely as third weakest. Sterling, is currently the best performer, on optimism of return to normal with vaccine rollouts.
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