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
News
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
The news had been out there earlier, as reported: But, the official confirmation has been made: Trump remarks accompanying the release: He signed with the ‘strong message’ that wasteful items need to be removed The House will vote on Monday to increase checks to $2000 Congress has promised section 230 will be reviewed For bank
Not a good look for Japan on the virus front ahead of the holidays It is a bit of a slippery slope for Japan if the virus situation is not contained within the next few weeks or so. The graphs above pretty much speak for themselves. Something to consider for Japan is that if the
MUMBAI: Gold, always considered a safe haven for investment in uncertain times, is likely to glitter more and even soar to Rs 63,000 per 10 grams next year amid expectations of fresh stimulus measures and weaker American dollar. In 2020, the economic and social uncertainties triggered by the coronavirus pandemic turned the spotlight on gold
The anticipation continues to build Johnson and von der Leyen are reportedly expected to have one final call at 0700 GMT – most likely to make sure that their messages match up – before we get the official press conference to announce that a trade deal has been struck at around 0800 GMT. I would
The timing on the UK, EU press conferences may slip by a couple of hours What else is new, eh? Barnier and Frost are now reportedly still speaking on fisheries again with one final Johnson and von der Leyen call also expected some time this morning. For bank trade ideas, check out eFX Plus That
Comments by Irish foreign minister, Simon Coveney Talks are continuing once again as both sides are sorting out some last minute details and likely want to get their stories straight before the big announcement. Either way, the pound is continuing to gain further ground with the dollar seen a little weaker. For cable, any break
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
By Nia Williams and Dmitry ZhdannikovLONDON: Oil prices inched higher on Thursday, helped by late-day buying in a low-volume session to close out the week. The market built gains overnight as Britain and the European Union reached a post-Brexit trade deal, reversed those gains, and then rebounded during the U.S. session to end modestly higher.
Sterling opened the week broadly lower after Brexit trade negotiations missed yet another deadline. Additionally, European countries rushed to ban travel from UK as coronavirus infections worsened. Aussie and Kiwi are trailing as the next weakest on mild risk aversion. On the other hand, Dollar, Yen and Swiss Franc are the stronger ones. The economic
Labour will support the deal The long nightmare is over, the Brexit deal is done. As usual, the market moved way before the announcement and there was some selling of the fact on the announcement, which came just before 1500 GMT. I think real money flows will ultimately take cable higher but the deal has
Gold on Thursday gained Rs 385 to Rs 49,624 per 10 gram in the national capital, reflecting gains in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 49,239 per 10 gram. Silver also witnessed buying as it gained Rs 1,102 to Rs 66,954 per
The DXY index will likely record a -6% fall in 2020, the first decline in 3 years. Although US economic recovery should lend support to the dollar, exceptionally accommodative monetary policy, widening deficit (exacerbated by the new round of fiscal stimulus) and reduced demand for safe-haven asset should keep US dollar weak in the coming
Not much else happening at this point as the UK and EU are still finalising a Brexit trade agreement No change to the narrative besides some last-minute hitch to fisheries, but that will surely be resolved one way or another as the political will is certainly there. Both sides will want to get this out
NEW DELHI: Gold and silver futures prices in the domestic market slipped on Thursday as traders booked profits after softer jobless claims data showed signs of economic improvement. Hopes of a Brexit deal also put pressure on prices. Data on Wednesday showed the number of Americans filing first-time claims for unemployment benefits unexpectedly fell last
Trading remains rather subdued with markets already in holiday mode. Sterling has the potential to explode with wild moves, but we’re so far disappointed by the lack of progress in Brexit trade negotiations. The surge in cases of the coronavirus, with threats of a new strain, also kept risk appetite capped. A bunch of economic
Forex news for North American trading on December 23, 2020 Is it done or not? That is a question for Brexit. Some may say it is also the question for Covid relief and the Defense Authorization Act. Reports on Brexit are that there is an agreement but later there have been reports that the UK government wavered