CFTC commitments of traders: EUR longs remain the largest speculative trader position Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT Weekly FX positioning data for the week ending December 1, 2020 EUR long 140K vs 138K long last week. Longs increased by 2K GBP short 8K vs 17K short
News
Guar gum prices on Friday traded flat at Rs 5,745 per five quintal in futures trade. On the National Commodity and Derivatives Exchange, guar gum contracts for December delivery traded flat at Rs 5,745 per five quintal with an open interest of 18,485 lots. The contracts for delivery in January traded higher by Rs 7,
Canadian Dollar is given another boost in early US session after stronger than expected job data. In the background, the Loonie has already risen following higher oil prices. Dollar, on the other hand, has little reaction to much worse than expected non-farm payroll report. For the week, Dollar and Yen remain the worst performing one.
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
Soybean prices on Friday rose by Rs 12 to Rs 4,385 per quintal in futures market as traders created fresh positions tracking positive spot demand. On the National Commodity and Derivatives Exchange, soybean for December delivery gained Rs 12, or 0.27 per cent, to Rs 4,385 per quintal with an open interest of 1,02,295 lots.
Canadian Dollar is trading generally higher in Asian session, with support from upside break out in oil prices. But Aussie and Kiwi are soft. Dollar is taking a breather in Asian session after yesterday’s selloff, as focus turns to non-farm payrolls report. For the week, Dollar and Yen remain the worst performing ones. European majors
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
Oil prices were steady on Thursday as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place during the first wave of the COVID-19 pandemic. Brent crude was up 4 cents, or less than 1%, at $48.29 a barrel by 1337 GMT, and U.S. oil was
Dollar’s selloff accelerates today and better than expected jobless claim data provide no support. European majors are generally firm, with Sterling leading the way this time. But the rally in the Pound is unconvincing so far, with uncertainties over Brexit trade talks. Commodity currencies are relatively mixed, with Canadian Dollar being the weakest. Technically, focus
Daily thread to exchange ideas and to share your thoughts Major currencies are mostly little changed so far on the day, with the pound sitting a little higher after a rebound from key support in trading yesterday. Cable tested the region around 1.3290-00 and buyers held the level before seeing a push back towards 1.3400 currently, as
NEW DELHI: Metal and energy counters traded mixed on MCX on Thursday. At the same time, most agri commodities were trading with cuts amid swift developments on the vaccine front. Gold was up 0.49 per cent while silver rose 0.47 per cent. Base metal counters were trading mixed with nickel and copper in the red.
Yen trades generally lower today as pressured by surging US treasury yields and mild risk-on sentiments. Dollar and commodity currencies are not too far behind. European majors continue to be strong as led by Euro and Swiss Franc. Sterling is not performing too badly against others as traders are not committing to bet on no-deal
New York Covid statistics New York reports 8973 new virus cases vs. 7285 yesterday Covid cases rise 1.4% vs. 7 day average of 1.1% new deaths total 69 vs. 66 yesterday positivity rate is at 4.63% vs. 4.96% previously hospitalizations 3924 vs. 3774 yesterday Gov. Cuomo also announced that the 1st vaccine delivery to New
Gold rose to an over one-week high on Wednesday on a soft dollar, while signs of progress in discussions over a new U.S. coronavirus relief package bolstered bullion’s appeal as a hedge against possible inflation. Top Senate Republican Mitch McConnell urged the U.S. Congress to pass a $1.4 trillion spending bill including coronavirus stimulus, while
Selloff in Sterling is the main theme for today. UK become the first country to approve Pfizer-BioNTech coronavirus vaccine and shots are due next week. But the good news was overshadowed by Brexit uncertainties. As the negotiation deadline looms it’s reported that EU is insisting not rushing to a bad deal. Indeed, it’s also said that
This is not directly relevant to FX, no (though I suppose there will need to be yen bought for the influx). Its an interesting read nevertheless on what the Japanese government is planning to keep people safe: Vaccines will not be mandatory Visitors who submit proof of a negative coronavirus test and agree to use
NEW DELHI: Gold and silver futures prices slid lower in the morning trade on Wednesday as the US moved towards early vaccination to its people while companies raced towards getting approvals from authorities. US officials on Tuesday unveiled plans to begin vaccinating millions of Americans against Covid-19 as early as mid-December, as infections and hospitalizations
Dollar and Yen were solid off broadly overnight as S&P 500 and NASDAQ extended record runs. More importantly, the greenback has finally broke through a key support level against Euro, confirming down trend resumption. European majors are currently the strongest ones as led by the common currency. Australian Dollar is clearly lagging behind despite stronger