According to the CFTC Commitments of Traders report for the week ended October 27, NET LENGTH for crude oil futures declined -18 258 contracts to 472 090 for the week. Speculative long position dropped -4 919 contracts, while shorts soared +13 339 contracts. The front-month WTI crude oil contract plunged over -4% during the reporting
News
UK Prime Minister Johnson has announced the new COVID-19 related lock down. In brief details of the new measures are here: The wage furlough scheme is to continue for workers temporarily laid off it was set to expire on Saturday workers will receive 80% of their pay UK Treasury has also announced some measures aimed
New Delhi: Refined soya oil prices on Friday fell by Rs 4.3 to Rs 965 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market. On the National Commodity and Derivatives Exchange, refined soya oil for delivery in November declined by Rs 4.3, or 0.44 per cent, to Rs
As suggested in the CFTC Commitments of Traders report in the week ended October 27, NET SHORT of USD Index futures slipped -412 to 1 254 contracts. Speculative long positions increased +687 contracts and short positions added +275 contracts. Concerning European currencies, NET LENGTH in EUR futures dived -10 388 contracts to 155 555. Second
As COVID-19 cases in the UK accelerate higher Prime Minister Johnson will soon announce another shutdown. The measures will take effect from Thursday after a vote in the Commons on Wednesday. The main points, these via various UK media outlets with the info: pubs and restaurants to close – takeaway and delivery only non-essential retail
NEW YORK: Oil prices fell on Friday and posted a second consecutive monthly drop as rising COVID-19 cases in Europe and the United States heightened concerns over the outlook for fuel consumption. Brent crude dropped 19 cents to settle at $37.46 a barrel, after touching a five-month low of $36.64 in the previous session. The
Global equities tumbled notably last week, partly as coronavirus spread was hitting new record highs. Also of the same importance, US investor had lightened up their positions in preparation for the Presidential elections. Yen and Dollar surged broadly to end as the strongest one. Euro was the worst performing, on return to coronavirus lockdown, and
The manufacturing PMI fell from September but not by as much as expected (central median estimate). Manufacturing 51.4Non-manufacturing 56.2Composite 55.3 prior 55.1 Official Purchasing Manager’s Index (PMI) from China’s National Bureau of Statistics. All remain above 50 and in expansion. China’s economy is still struggling out of the pandemic response earlier in the year, but
BENGALURU/MUMBAI: Healthy sales during a recent festival encouraged Indian jewellers to continue stocking up this week, while more supply started to make its way into Singapore and Hong Kong as dealers navigate around COVID-19-led bottlenecks. Indians celebrated the Dussehra festival on Sunday, and now await Diwali and Dhanteras in November. “Dussehra sales gave confidence to
ECB has announced to leave all its monetary policy measures unchanged. The deposit rate stays at -0.5%, while the main refi rate and the marginal lending rate also remain unchanged at 0% and 0.25% respectively. The PEPP program will continue to run with a total envelope of 1.35 trillion euro. The members were concerned about
Fresh lows for stocks The S&P 500 broke through an earlier set of lows and is now down 70 points to 3239, or 2.1% on the day. Despite the break lower, it’s not exactly breaking down as it sits just below the earlier lows. In the bigger picture, the 3200 level needs to hold. I
LONDON: Global oil prices moved in and out of negative territory on Friday but remained on course for a second monthly fall as rising COVID-19 cases in Europe and the United States heighten concerns over fuel consumption. Brent crude was down 3 cents at $37.62 a barrel by 1140 GMT after touching a five-month low
Investors are rather calm just ahead of the pre-election weekend. European indices quickly pare back initial losses, while DOW future is down not as much before open. Dollar is also giving up some of this week’s gains, despite pretty solid personal income and spending data. On the other hand, Euro is just mixed, paying little
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
NEW DELHI: Gold and silver futures gained marginally in morning trade on Friday even as the yellow metal wallowed near one-month low in international markets amid firm US dollar. Meanwhile, President Donald Trump‘s chief economic adviser said on Thursday that any deal on coronavirus relief legislation would have to wait for now. Gold futures on
Forex markets are staying in relatively tight range on mixed market sentiments. Asian indices turn lower despite a weak recovery in US markets overnight. For the week, Yen and Dollar are still the strongest ones. Euro is the weakest one after ECB indicated some policy recalibration in December. Canadian Dollar is the second weakest on
Forex news from the European trading session – 29 October 2020 Headlines: Markets: JPY leads, EUR lags on the day European equities lower; E-minis up 0.1% US 10-year yields up 0.3 bps to 0.774% Gold down 0.1% to $1,876.00 WTI down 4.1% to $35.87 Bitcoin down 0.5% to $13,142 It was a largely quiet session
New Delhi: Gold prices fell Rs 121 to Rs 50,630 per 10 gram in the national capital on Thursday, according to HDFC Securities. The precious metal had closed at Rs 50,751 per 10 gram in the previous trade. Silver prices also declined Rs 1,277 to Rs 60,098 per kilogram from Rs 61,375 per kilogram in