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Copper prices rose on Friday, boosted by a weak dollar and hopes for better metals demand due to improved vaccine rollout and as the U.S. stimulus looked set to be approved. Three-month copper on the London Metal Exchange (LME) rose 1.9% to $7,970 a tonne by 1740 GMT. The metal, used in the power and

Dollar drops broadly in early US session after much smaller than expected non-farm payroll job growth, even though unemployment dipped notably. Canadian Dollar is some what pressured today after larger than expected job losses. But Yen is the one following the greenback as second weakest. Australian Dollar and Euro are trying to regain some grounds

IMG Georgieva: US has fiscal space to take further action to support economy Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT IMF Georgieva speaking US has fiscal space to take further action to support economy, supports Bidens determination to focus relief on vaccinations, support unemployed we have to be

Oil hit its highest level in a year on Friday, closing in on $60 a barrel on economic revival hopes and supply curbs by producer group OPEC and its allies. New orders for U.S.-made goods rose more than expected in December, pointing to continued strength in manufacturing. The U.S. Congress is also moving ahead on

Return of risk-on markets, after some solid economic data, pushed S&P 500 and NASDAQ to new record highs overnight. Yen and Swiss Franc trade broadly lower naturally but Euro was not far behind. Commodity currencies, while firm, are so far overwhelmed by Sterling and Dollar. In particular, the greenback will look into today’s non-farm payroll

The greenback loses some ground to start European morning trade A couple of key levels to eye for the dollar in EUR/USD and USD/JPY this morning, as we are seeing the former move up from 1.1970 to 1.1982 while the latter is backing off slightly from 105.60 to 105.45 currently. Those are the two key

NEW DELHI: Gold and silver futures prices gained on Friday tracking the trend in the international market and investors buying at lower levels ahead of RBI policy meet outcome scheduled later in the day. Meanwhile, Democrats in the US Senate were poised on Thursday to take a first step toward the ultimate passage of President

As expected, BOE left the Bank rate unchanged at 0.1%. Meanwhile, the QE program also remains at 875B pound worth of government bonds, and 20B pound of corporate debt. The economic projections reveal that policymakers are more optimistic about inflation projecting it to reach the +2% target this year. This signals that further rate cut

Moderate Democrats want to deal with 2 separate packages Moderate Democrats are asking House leader Pelosi to break up the relief bill. The 1st would be a pandemic vaccine package. The 2nd would focus on economic stimulus. Pres. Biden met with Republican leaders last week and they proposed a $600 billion deal. Biden has said

Oil prices extended gains on Thursday after the OPEC+ alliance of producers stuck to its reduced output policy and U.S. crude stocks fell, with optimism over a new U.S. pandemic relief bill adding further price support. Brent crude futures gained 25 cents, or 0.43%, to $58.71 a barrel by 1025 GMT, having earlier hit their

Sterling softens notably today as focus turns to BoE rate decision, and more importantly the stance regarding negative interest rates. Euro and Swiss Franc remain generally weak too. New Zealand and Canadian Dollars are paring some gains as risk markets turned mixed again. But Aussie is somewhat bucking the trend with a rebound. Dollar buying

The yields spread between core and riskier debt in the Eurozone narrows The rise in Treasury yields over the past few days on stimulus hopes is helping to light a fire on yields elsewhere but this also alludes to the market being less confident about the ECB cutting rates further as an option to deal

NEW DELHI: Gold and silver futures prices slid on Thursday tracking the trend in the international market as rising dollar and bond yields resulted in flight of money from non yielding precious metals. The dollar hit its highest in over two months on Wednesday, making precious metals expensive for holders of other currencies. Benchmark 10-year

Here comes the SEC The SEC is taking a larger look at the GameStop and meme stock mania last week and looking for fraud in social media posts that drove the price up, according to Bloomberg. Of course, the SEC is known for taking a hard line with people who use social media for fraud:

Silver rose more than 2% on Wednesday on bets for a pick-up in industrial demand, regaining some ground following a sharp retreat from a near eight-year peak scaled with the help of a social media-inspired buying frenzy. Spot silver was up 1% at $26.87 per ounce at 11:02 a.m. EST (1602 GMT). It fell more

Economic data released today are largely ignored so far. Euro’s weakness continues despite stronger than expected inflation reading. Swiss Franc and Sterling are also softening slightly. Dollar, on the other hand, struggles to extend gain after much stronger than expected ADP employment. New Zealand Dollar continues to trade as the strongest one, taking the Aussie

The positive tones spill over to Europe in early trades German DAX futures +0.5% UK FTSE futures +0.3% Spanish IBEX futures +0.7% This mirrors the positive mood in US futures, with S&P 500 futures seen up 0.4% and Nasdaq futures up 0.7% as the market exudes more calm on the week so far. In the

NEW DELHI: Gold futures prices rose while silver also rebounded tracking the trend in the international market. However, gains in gold were limited and analysts expect sideways movement for now. Silver prices rocketed as retail investors, egged on by messages on Reddit, piled into the market in an attempt to push up prices. The retail