Forex news for Asia trading for Thursday 31 December 2020 ICYMI The US dollar once again lost ground during the session in Asia, currencies generally higher across the major FX board. Offshore yuan rose also, hitting highs it hasn’t seen since June of 2018 (circa 6.49 for USD/CNH). As I post the picture is becoming
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Gold futures fell by 0.13 per cent to Rs 49,976 per 10 gram on Wednesday as participants offloaded their holdings on low spot demand. On the Multi Commodity Exchange, gold prices for February delivery declined Rs 63, or 0.13 per cent, to Rs 49,976 per 10 gram in a business turnover of 10,074 lots. In
Dollar remains the worst performing one for today, after earlier downside breakout. Though, selling focus has shifted away from Euro. Currently, Australian Dollar an Sterling are the strongest one, followed by New Zealand Dollar. But Yen buying is accelerating in early US session. It’s unsure who will end up as the best performer for the
It’s lower than yesterday but still extremely high With today’s announcements, 78% of the population of the UK will be Tier 4 lockdowns tomorrow. Officials said most of the jump in cases yesterday was real, and not a result of holiday lags. Today’s number underscores that. Deaths were at 575 vs 659 a day ago.For
Cottonseed oil cake prices on Wednesday declined by Re 1 to Rs 1,999 per quintal in futures trade as participants reduced their bets tracking a weak trend in spot market. Analysts said sell-off by participants at existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices. On the National Commodity and
Dollar’s selloff picked up again as year end approaches. While US stocks took a breath overnight, Asia markets ex-Japan is enjoying some solid buying for now. While Euro is strong against Dollar, it’s mixed against other European majors. Meanwhile, Canadian Dollar is clearly lagging behind Aussie and Kiwi in the current risk-on buying. Gold and
Forex news for Asia trading for Wednesday 30 December 2020 In another holiday-mode thin liquidity session the USD lost further ground with gains for major FX across the board. AUD, EUR, GBP, NZD, yen … all gaining. CAD and CHF too, but trailing the field. Gold joined in, back to its overnight (US time) high
Decks have been cleared for trading of synthetic diamonds at the Bharat Diamond Bourse (BDB), the country’s largest diamond trading hub. BDB members at the bourse’s annual general meeting held Monday voted to lift the ban imposed four years ago at an AGM. The ban was imposed “to protect “ the natural diamond trade ,
Euro’s rally is a focus in rather quiet markets today. Clearance of no-deal Brexit risk was a positive for the common currency. There’s additional boost from rumors that a EU-China investment deal is likely this week. However, we’d like to point out that European Commission formally (in a statement) criticized China’s “torture” and “ill-treatment” of
The party continues The open in the S&P 500 was a bit stronger than anticipated with the index gaining 20 points to a fresh record at 3754. The risk trade is also improving in FX with the commodity currencies at the best levels of the day and the US dollar on the defensive across the
By Stephanie Kelly and Devika Krishna Kumar NEW YORK: This year was like no other for oil prices. Even as global prices end the year at about $51 a barrel, near the average for 2015-2017, it masks a year of volatility. In April, US crude plunged deep into negative territory and Brent dropped below $20
Dollar turns softer again in Asian session today as markets are back in full risk on mode. Following the record runs in US, Nikkei is also hitting new 30-year high. Yen is following as second weakest for now. However, risk appetite is not clearly seen elsewhere. Australian and Canadian Dollars are just mixed. Sterling struggled
Forex news for Asia trading for Tuesday 29 December 2020 The Lower House of the US Congress passed the bill to provide COVID-19 relief checks to Americans of $2,000. Last week Trump called the $600 checks a ‘disgrace’ and called for a boost to $2,000 and the Democrat-controlled House of Representatives have delivered. The bill
Gold prices pared gains on Monday as the dollar recovered losses and stock markets rallied after U.S. President Donald Trump signed a long-awaited pandemic aid bill, while liquidity remained low on account of the holiday season. Spot gold was little changed at $1,877.20 per ounce by 1301 GMT, having earlier risen as high as $1,900.04
Global stock markets are lifted by US fiscal stimulus as well as Brexit trade deal. S&P 500 and NASDAQ are set to extend recent record runs, as indicated by futures. Though, the movements in the forex markets are relatively subdued. Sterling is paring some of last week’s gains, after failing to break through near term
Thin markets and flows dominate Trump signed the stimulus agreement late on Sunday, avoiding a tail risk and boosting S&P 500 futures by 25 points. Tomorrow is the last day for tax loss selling so that’s an important spot to watch this year. The early moves in gold and risk assets aren’t as inspiring as
Oil rose towards $52 a barrel on Monday as U.S. President Donald Trump‘s signing of a coronavirus aid package and the start of a European vaccination campaign outweighed concern about weak near-term demand. Brent crude rose 41 cents, or 0.8%, to $51.70 a barrel at 0926 GMT, reversing an earlier decline. U.S. West Texas Intermediate
Dollar, Yen and Swiss Franc are the relatively weaker ones in quiet markets today. Asian investors are lifted slightly after US President Donald Trump signed the massive USD 2.3T package that contains a USD 900B pandemic relief, while also averted government shutdown. Sterling and Euro are the firmer ones after the long-awaited Brexit trade deal