The Asian timezone is seeing some risk-off moves with US equity index futures on Globex falling and currencies also as the USD gains. In the mix today is the news that Trump may be impeached for a second time as soon as this week. If impeachment is going to impact I’ve put together a summary
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The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks fell -1.66 mmb to 1343.7 mmb in the week ended January 1. Crude oil inventory fell -8.01 mmb (consensus: -2.13 mmb) to 485.46 mmb. Stockpile decreased in ALL 5 PADDs. PADD 3 (Gulf Coast) alone
If there’s a bull case, this is it The US dollar held a steady bid from Wed-Fri after the Democrats won the Senate and it was the top performing currency after the result became clear. Could that mark the bottom for the nine-month bear market in the dollar? Or at least a sustained bounce? The
Gold prices fell Rs 614 to Rs 49,763 per 10 gram in the national capital on Friday, tracking a weak global trend, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 50,377 per 10 gram. Silver prices also plunged Rs 1,609 to Rs 67,518 per kilogram from Rs 69,127
US Secretary of State Mike Pompeo says the US has for many decades been self-imposing restrictions on how it interacts with Taiwan: “The United States government took these actions unilaterally, in an attempt to appease the Communist regime in Beijing “Today I am announcing that I am lifting all of these self-imposed restrictions” Mainland China
Gold slumped more than 4% on Friday and silver followed with a near 10% plunge as prospects for a smooth transition of power in Washington and a jump in U.S. Treasury yields hammered the precious complex. Spot gold fell as low as $1,828.36 and was last down 3.6% at $1,843.06 per ounce at 2:45 p.m.
It may be 50% more-transmissible A White House covid task force document seen by NBC News highlights a variant in the US that might be 50% more-transmissible and may be spurring the latest jump in cases. Yesterday cases hit nearly 300K and deaths were near 4000. The new variant, in addition to the U.K. variant,
NEW YORK: Crude oil prices hit their highest levels in nearly a year on Friday, gaining 8 per cent on the week, supported by Saudi Arabia‘s pledge to cut output and strong gains in major equity markets. Brent crude settled at $55.99 a barrel, climbing $1.61, or 3 per cent, on the day and 8.1
Global investors were all in risk seeking mode in the first full week of 2021. That came despite all the headlines of surges in coronavirus infection and death, return to strict lockdowns, chaos in Washington and Joe Biden’s certification as US President-Elect. Dollar didn’t perform too well but there was surprisingly no deep selloff neither.
Forex news for North American trade on January 8, 2020: Market: Gold down $67 to $1846 US 10-year note yield up 3.4 bps to 1.11% S&P 500 up 14 points to 3818 WTI crude oil up $1.56 to $52.39 USD leads, EUR lags If you look at the FX ticker, it doesn’t look like it
Oil prices hit 11-month highs and were on track for a weekly gain on Friday, supported by Saudi Arabia‘s pledge to cut output and a global stocks rally as investors looked beyond rising coronavirus cases. Brent crude climbed 88 cents, or 1.6%, to $55.26 a barrel by 1436 GMT, the highest since late February, and
Dollar appears to be turning weaker again after non-farm payroll report showed the first contraction since April. Euro is currently following as second weakest for the than, than Canadian, which was also weighed down by employment data. On the other hand, Sterling is starting to reverse some of this week’s losses while Swiss Franc also
Bloomberg reports on the matter The report cites people familiar with the Moderna approval process, in saying that the UK is reviewing the vaccine on an accelerated timetable and are poised to authorise it for emergency use as soon as Friday. This will be the third vaccine set to be approved by the UK to
Crude oil prices rose by Rs 20 to Rs 3,758 per barrel on Friday as participants widened their positions on firm spot demand. On the Multi Commodity Exchange, crude oil for January delivery traded higher by Rs 20, or 0.54 per cent, at Rs 3,758 per barrel in 2,582 lots. Analysts said raising of bets
Asian markets are staying in full risk on mode, except China, following the record runs in US overnight. However, this time, Dollar is not facing much selling pressure, but recovered instead. The reflation trade and strong rally in treasury yield might finally start to give the greenback a floor. Still, Dollar will need to face
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