S&P500 futures on Globex have given back their earlier gains and are a touch lower for the session as I update. AUD/USD is also down the session. Eyes are on US election developments, the latest from Arizona is breathing life back into Trump’s hopes for a victory in that state. which seems to be weighing
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Gold prices were little changed on Thursday after early U.S. election results suggested a lead for Democrat contender Joe Biden, even as the possibility of a contested result remained. FUNDAMENTALS Spot gold was little changed at $1,904.66 per ounce by 0111 GMT. U.S. gold futures rose 0.5% to $1,905.50 per ounce. Biden said on Wednesday
Much volatility was seen in the financial markets in the past 24-hours, as traders were pre-trading US elections results. At the time of writing, the race between Donald Trump and Joe Biden is very tight, totally different from the picture portraited by most main steam media. Overall picture in the forex market is very mixed
The briefing is scheduled for 1000 ET The name of the briefing is a specifically peculiar one, but just be aware that it comes after the tide has shifted in Wisconsin and now Michigan. This is likely one to put down Trump’s earlier remarks of planning to engage the Supreme Court in contesting the election
New Delhi: Guar seed prices on Wednesday rose by Rs 3 to Rs 4,265 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend in spot market. On the National Commodity and Derivatives Exchange, guar seed for November contracts increased by Rs 3, or 0.07 per cent, to Rs
Volatility continues today as US Presidential election vote counts are released. The final results are unknown at this point, narrowed down the results of just a few states. At the time of writing, Yen is the stronger one, followed by Swiss Franc. Sterling and Kiwi are the weaker ones. In other markets, European indices are
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KOLKATA: Multi Commodity Exchange of India (MCX) has invited proposals from technology companies to set up an advanced commodity derivatives platform for trading and clearing services, as its contract with 63 Moons will expire in September 2022, said a senior MCX executive. MCX plans to launch spot exchange in metals in less than a year,
Global stocks surge sharply as investors seem to be very optimistic on the result out of US elections. Major European indices are currently up around 2% while DOW future is up 400 pts. Dollar is sold off sharply, together with Yen and Swiss Franc. Australian Dollar left RBA’s rate cut behind and lead the chart
A look at the key times to be wary about when we get to the end of voting Adam put up a post yesterday on when the last six elections were called, and that gives a bit of an idea to what we can expect this year as well. But with the number of votes
By Tapan Patel Commodity prices traded higher witnessing rebound across non-agri segment on weaker dollar. Bullion prices rose on Monday ahead of US Presidential elections and worries over surge in virus cases. Crude oil futures pared previous losses while base metals gained on demand growth prospects from China. The dollar index ended marginally down which
As expected, RBA announced further monetary easing at today’s meeting. RBA cut the cash rate to 0.1%, from 0.25% previously. Similarly, the target for the yield on the 3-year government bond yield and the interest rate on new drawings under the Term Funding Facility were also lowered to 0.1%. Meanwhile, the central bank also cut
Forex news for North American trading on Nov 2, 2020: Markets: Gold up $16 to $1895 WTI crude oil up $1.27 to $37.06 US 10-year yields down 2.2 bps to 0.85% S&P 500 up 40 points to 3310 CAD leads, GBP lags The calm before the US election wasn’t so calm as oil bounced 10%
New Delhi: Crude oil futures on Monday fell by 2.88 per cent to Rs 2,566 per barrel as participants reduced their positions on low demand. On the Multi Commodity Exchange, crude oil for November delivery eased by Rs 76, or 2.88 per cent, to Rs 2,566 per barrel with a business volume of 3,868 lots.
Commodity currencies are taking control into US session with help from rebound in European indices. DOW future is also currently up around 450 pts. Canadian Dollar came out of the shadow of steep decline in oil prices, leading Aussie and Kiwi. At the time of writing, Sterling is the weaker one, but there was no
UK stocks are down though, led by retailers as a second lockdown begins Eurostoxx +0.2% Germany DAX +0.4% France CAC 40 +0.1% UK FTSE -0.3% Spain IBEX +0.2% The slightly more positive tones mirror that seen in US futures, which are now up by ~0.4% as the session gets underway. The risk mood is proving
NEW DELHI: Metal and energy counters traded mixed on MCX. At the same time, most agri commodities were trading with cuts ahead of the US Presidential election scheduled on November 3. Gold was down 0.12 per cent while silver gained 0.87 per cent. Base metals were also trading mixed, as nickel and zinc gained while
Dollar and Yen strengthen in general in Asian session today even though risk sentiments are not bad, as seen in rally in major indices. Solid data from China was enough to offset the pessimism over lockdowns in Europe, and the steep decline in oil prices. Sterling is currently the weakest one, followed by Aussie and