Dollar recovers broadly today as markets turn into consolidative mode. The greenback pars back some of f the previous selloffs. but remains the worst performing one for the week. Canadian Dollar and Swiss Franc follow as the next weakest. On the other hand, Sterling and Aussie turn a bit softer, but remain the best weekly
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President Trump is reported to have told associates he wants ”at least” $1,200 per person and possibly as much as $2,000 per person Washington Post with the report that White House aides intervened Thursday to prevent the President from issuing a statement calling for stimulus payments in the next relief package up to $2K Trump
Copper prices neared their highest in almost eight years on Thursday as stockpiles around the world fell, the U.S. Federal Reserve promised to pump more money into markets and hopes for a U.S. stimulus package this week grew. Investors bought riskier assets across the board, sending global equities to new peaks, oil prices to a
Dollar’s selloff intensifies further today, after worse than expected job data. Also, markets are generally on risk-on mode, as traders are optimistic that stimulus deal could be reached in the Congress soon. Swiss France is currently the next weakest, having little reactions to SNB rate decision. Australian and New Zealand Dollars are taking turns to
The usual stuff that we’ve been hearing for months on end In this final stretch of talks, transparency & unity are important as ever: Debriefed @Europarl_EN Conference of Presidents this morning on EU-UK negotiations. Good progress, but last stumbling blocks remain. We will only sign a deal protecting EU interests & principles. For bank trade
Gold prices rose Rs 194 to Rs 49,455 per 10 gram in the national capital on Thursday, tracking firm overseas trend, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 49,261 per 10 gram. Silver prices also gained Rs 1,184 to Rs 66,969 per kilogram from Rs 65,785 per
Dollar’s decline continues in Asian session today, with mild risk-on markets in the background. FOMC rate decision overnight triggered little reactions in the markets, and the greenback holds on to the near term trajectory. Sterling is currently the strongest one, awaiting BoE rate decision, and more news regarding Brexit trade talks. New Zealand Dollar is
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NEW DELHI: Gold and silver futures prices in the domestic market gained on Wednesday ahead of the US FOMC meet outcome, which is expected to be in favour of economic growth. The US Federal Reserve is expected to keep interest rates pinned near zero and to signal where rates are headed in the coming years
Sterling and Euro rise broadly today and maintain gains in early US session. Progress in Brexit trade negotiations and stronger than expected PMIs lift both currencies as well as their respective stock markets. Canadian Dollar is currently the worst performing one for today, apparently reacting to BoC’s jawboning. Risk-on markets keep Dollar under pressure. Focus
Latest data from the Mortgage Bankers Association for the week ending 11 December 2020 Market index 857.3 vs 848.3 prior Purchase index 331.6 vs 325.7 prior Refinancing index 4,014.5 vs 3,959.2 prior 30-year mortgage rate 2.85% vs 2.90% prior The jump in mortgage activity in the past week comes from a rebound in purchases after
NEW DELHI: Metal and energy counters on MCX traded mixed on Wednesday. At the same time, most agri commodities were trading with gains as the US said it was preparing a stimulus package. Gold was up 0.24 per cent while silver rose 0.54 per cent. Barring nickel and copper, all base metal counters were trading
Dollar trade with a generally soft tone today, with strong risk-on markets in the background. But overall, most major pairs and crosses are bounded inside last week’s range. The economic calendar is extremely busy for the rest for the week. But there are still a couple of things to resolve, or the data would only
Japan trade balance for November misses the central estimate, comes in at a surplus of yen 366.8bn Trade balance adjusted 570.2bn beats Exports miss big time, -4.2% y/y Imports also a decent sized miss -11.1% The export result is not a good one Japanese industry, and the import result is not a good one for an
MELBOURNE: Oil prices dipped in early trade on Tuesday, with demand worries due to tighter lockdowns in Europe outweighing relief from vaccination rollouts and concerns about a flare-up of tension in the Middle East. U.S. West Texas Intermediate (WTI) crude futures fell 16 cents, or 0.3%, to $46.83 a barrel at 0158 GMT, while Brent
The forex markets are relatively mixed today. Sterling is generally higher but it’s capped by conflicting messages regarding Brexit trade negotiations. Canadian Dollar is currently second strongest, with help from mild strength in oil price. On the other hand, New Zealand Dollar is the worst performing, followed by Euro and Swiss France. Dollar is mixed,
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NEW DELHI: Gold and silver futures prices in the domestic market gained on Tuesday as the US lawmakers indicated towards an economic stimulus that may come as soon as this week, making bullion attractive. Leaders of both parties in the United States appeared more upbeat over a pandemic relief aid bill likely to be attached