LONDON: Oil prices rose on Monday to their highest in just over a year, with Brent nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures that can boost demand. Brent was up 68 cents, or 1.2%, at $60.02 a barrel by 1442 GMT, while
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Risk-on sentiments continue in Asian session today with Nikkei hitting 30-year higher, while oil prices are also back at pre-pandemic level. Yen and Swiss Franc are currently the weakest one, together with Euro. On the other hand, commodity currencies are leading the way up naturally. Dollar and Sterling are mixed in between. Technically, EUR/USD is
Latest data released by the SNB – 8 February 2021 Domestic sight deposits CHF 640.2 bn vs CHF 637.4 bn prior Prior week’s release can be found here. Overall sight deposits ease a little in the past week as the SNB appears to have taken its foot off the pedal in recent weeks. The more
SINGAPORE: Oil prices rose on Monday to their highest in just over a year, with Brent futures nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further US economic stimulus measures to boost demand. Brent crude for April touched an intraday high of $60.06 a barrel, the highest since
What’s happening in the FX market EUR/USD -6 pips to 1.2040 USD/JPY -6 pips to 105.33 GBP/USD -16 points to 1.3719 USD/CHF -2 pips to 0.8992 USD/CAD +9 pips to 1.2765 AUD/USD -16 pips to 0.7662 NZD/USD -5 pips to 0.7192 These are early levels and can change once liquidity improves. The early theme is
Nickel prices rose by 1.52 per cent to Rs 1,301.70 per kg in futures trade on Friday as speculators built fresh positions on a rising demand from alloy makers in spot market. On the Multi Commodity Exchange, nickel contracts for February delivery gained Rs 19.50, or 1.52 per cent, to Rs 1,301.70 per kg in
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Oil up nearly 20% year-to-date Is there a more-overlooked asset than oil this year? It’s been written-off for dead with investment fleeing the sector but oil inventories will be rapidly drawn down in the months ahead. OPEC+ will face increasingly tough decisions about what to do and the March decision could be the difference between
Falling for the fifth consecutive day, gold prices on Friday declined Rs 163 to Rs 46,738 per 10 gram in the national capital amid rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,901 per 10 gram. Silver, however, gained Rs 530 to Rs 67,483 per kg,
Dollar was in a pole position to end as the strongest major currency. But disappointing non-farm payroll report gave dollar bulls a reality check as the greenback ended mixed, after late selloff. Australian and New Zealand Dollar have indeed closed as the best performers, followed by Sterling. Euro, Swiss Franc and Yen were the weakest.
AUD/CHF was the top trade The Australian dollar led the way last week entirely due to a strong rally on Friday as it climbed 1% against the US dollar. The commodity currencies struggled to gain traction for most of the week even with equities and commodities climbing. That finally flipped on Friday as they all
Rapidly rising oil prices are signalling the need for more production in the second half of the year to halt the fall in global inventories and satisfy recovering consumption as epidemic-related travel restrictions ease. Global petroleum stocks have fallen by almost 600 million barrels since May 2020, after rising by over 1.2 billion barrels in
Sterling jumps sharply after BoE indicated that it didn’t want to send a signal to the market on adopting negative rates. Dollar is also firm on overall mixed market sentiments. Thanks to the selloff against both the Pound and the greenback, Euro is currently the worst performing one for the day, trailed closely by the
Forex news for North American trading on February 5, 2021 It was unemployment day in the US and Canada, and both reports came in weaker than expectations: US nonfarm payroll rose by 49K, which was less than the 105K expected. However the prior to month revised down -159K. The unemployment rate did fall fairly sharply to 6.3% from 6.7%, but the decline was
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