NEW DELHI: Gold and silver futures prices traded mixes on Friday with yellow metal trading flat with a negative bias led by rising US dollar and treasury yield while the white metal registered gains. Meanwhile, US President Joe Biden plans to ask Congress this month to invest heavily in infrastructure after his $1.9 trillion Covid-19
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Dollar’s selloff slowed further in a very quiet Asian session, on lunar new year holiday. Activity might come back with a number of economic data featured from the UK. Upside surprises there could add to the upbeat outlook as painted by BoE chief economist. As for the week, the greenback remains the worst performer for
Forex news for North American trading on February 11, 2021 In other market today: spot gold is trading down $-16.61 or -0.90% at $1826.26 spot silver is down $0.03 or -0.11% at $26.99 WTI crude oil futures are trading down $0.69 or -1.18% of $57.99 Bitcoin moved to a new record today at $48,690. The low
PARIS: The International Energy Agency warned Thursday the world oil market remains fragile, despite a recent recovery in prices, as tighter restrictions are imposed to curb more contagious coronavirus variants. At the same time, the IEA said the economic outlook was brighter overall, especially in the second half of this year. “The rebalancing of the
Dollar is back in selloff mode in early US session after slightly worse than expected jobless claims numbers. Though, at the time of writing, Yen underperforms mildly. On the other hand, buying focus is back on commodity currencies today. Australian Dollar is leading others higher. European majors are generally mixed. European indices are mixed for
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 and silver futures prices declined on Thursday tracking international prices as a weaker than expected rise in inflation put pressure on prices. Improving economic conditions also led to diversion of funds. US consumer prices rose moderately in January as higher gasoline prices were blunted by a slump in airline fares amid a
The forex markets are rather quite in Asia today, following subdued trading elsewhere. Dollar’s decline is slowing but it remains the worst performing major currency so far, followed by commodity currencies. Sterling and Yen are the stronger ones this week, as both are supported by rallies in respective treasury yields. Though, Swiss Franc is surprisingly
Forex news for North American trading on February 10, 2021. In other markerts: spot gold is trading up $4.29 or 0.23% at $1842.61 spot silver is down $0.25 or -0.91% $27.01 WTI crude oil futures are down $0.01 or 0.02% of $58.35 Bitcoin is trading down $2400 or -5.1% at $44,900. Today, the main events
NEW YORK: Oil rose on Wednesday, extending its rally for a ninth day, its longest winning streak in two years, supported by producer supply cuts and hopes vaccine rollouts will drive a recovery in demand. US crude inventories fell unexpectedly in the week, dropping 6.6 million barrels according to the Energy Information Administration, compared with
Dollar’s selloff continues in early US session and it’s extending after weaker than expected core CPI reading. Sterling is lifted by strength in UK yield today, with 10-year Gilt yield hitting as high as 0.494 so far. It could try to take on a pre-pandemic floor of around 0.50%. Currency markets are relatively mixed elsewhere,
The dollar pushes higher after earlier declines EUR/USD has given up most of its advance and falls to 1.2114 from 1.2144 earlier while we are seeing USD/JPY hold a slight bounce from its 100-day moving average near 104.40 to post a session high of 104.75 currently. Elsewhere, the antipodeans are also tracking lower against the
NEW DELHI: Gold and silver futures prices continued to gain on Wednesday as the path for the US stimulus package became clearer while the US dollar also fell to one week low. US President Joe Biden said he agreed with a proposal by Democratic lawmakers that would limit or phase out stimulus payments to higher-income
Dollar stays broadly weak in Asian session today even though general sentiments stabilizes. Risk-seeking trading is taking a breather somewhat after US stocks hit new intraday higher overnight. Euro is currently the stronger one for today, followed by Sterling. But Swiss Franc and Yen are currently the best performing ones for the week so far.
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
SINGAPORE: Oil prices advanced on Tuesday to their highest in 13 months, as supply cuts by major producers and optimism over a recovery in fuel demand support energy markets. Brent crude futures for April gained 50 cents, or 0.8%, to $61.06 a barrel by 0721 GMT. U.S. West Texas Intermediate crude (WTI) for March was
While silver’s retreat from the 8-year high suggests that the media-inspired short squeeze has failed and further correction is likely, the metal should benefit from the global economic recovery and the new US fiscal stimulus package in the longer-term. Although both are in the precious metal category, silver will be a better play than gold
10-year Italian bond yields fall to 0.50% Super Mario is back and the market continues to show a vote of confidence in him as BTPs push higher with yields falling to a record low in the European morning today. The transformation of Italian bonds over the past year is quite notable, especially since Lagarde &