Dollar recovers in early US session, with help from better than expected job data. Yet, it remains the weakest one for the week at this point. Buying momentum for the greenback doesn’t warrant a reversal yet. The forex markets are mixed for now, with mild weakness in Sterling and Euro. Stock markets are treading water,
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UK government raises job support aid, cuts employers’ contributions We are making job support scheme more generous Employees only require to work 20% of hours, previously 33% Firms only cover 5% of non-worked hours, previously 33% Maximum grant will increase to £3,750 from £1,875 previously Doubles grants for self-employed from 20% to 40% Cash grants
New Delhi: Nickel prices fell 0.32 per cent to Rs 1,169.10 per kg in futures trade on Thursday as participants offloaded their positions amid weak demand in spot market. On the Multi Commodity Exchange, nickel contracts for November delivery traded lower by Rs 3.70, or 0.32 per cent, at Rs 1,169.10 per kg with a
Dollar recovers mildly in Asian session today but remains generally weak, as the worst performing one for the week so far. Sellers appear to be taking a breather for now, and wait for fresh development regarding fiscal stimulus, as well as the final Presidential debate before election. For now, European majors are the best performing
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 Prathamesh Mallya A decade ago, investment in security and exchange instruments (stocks, bonds and commodities) was considered a gamble by many in India. This perception has, however, changed over the past couple of years. Today, the same set of investors can be seen investing in multiple instruments, be it mutual funds, stocks, and commodities.
Dollar tumbles sharply today together with US treasuries. 10-year yield breaks above 0.8% handle but that’s giving no support to the greenback. Instead, in a rather unusual development, Yen surges sharply at the same time. Stock futures are just steady. There are talks about the renewed hope for a stimulus deal. But we suspect that
The EU continues to posture themselves ahead of more talks A new agreement is not possible unless the last one is properly respected Now is the time for responsibility The headline mainly echoes Barnier’s remarks earlier that both sides still need to find a way to compromise on a level playing field, fisheries, and governance,
New Delhi: Guar gum prices on Wednesday gained Rs 205 to Rs 6,376 per five quintal in futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for November delivery traded higher 3.32 per cent, or Rs 205, to Rs 6,376 per five quintal with
Dollar is under some selling pressure since overnight as US politicians were still optimistic in closing a fresh stimulus deal by election. This appears to be the most volatility triggering theme for the near term for now. Commodity currencies are trying to recover in Asian session today but Aussie and Kiwi remain the weakest for
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
LONDON: Oil prices steadied on Tuesday but remained under pressure from the threat to demand from a global resurgence in coronavirus cases and rising Libyan output. Brent crude futures were trading 2 cents higher at $42.64 a barrel by 1355 GMT. November U.S. West Texas Intermediate (WTI) crude futures fell 37 cents, or 0.9%, to
Markets continue to be dominated by strength of Euro and Swiss Franc today. That comes in spite of surging coronavirus infections in Europe. Meanwhile, the deadlock of Brexit negotiations remain. Traders are apparently adding to bet that more global central banks, like RBA and BoE, are joining the negative interest rate club soon. For now,
Softer tones observed in early trades German DAX futures -0.7% UK FTSE futures -0.4% Spanish IBEX futures -0.7% This owes a bit to some catch-up play to the decline in US stocks yesterday amid fading stimulus hopes, which led to a decline of ~1.6% in Wall Street at the close. Although it should be very
NEW DELHI: Gold and silver prices were trading with cuts in Tuesday’s session tracking the trend in international markets as caution set in ahead of the deadline to reach an agreement on a new US coronavirus stimulus. US House of Representatives Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin “continued to narrow their differences” about
Australia’s Dollar’s decline is resuming today as RBA minutes, as well ass comments from a top official solidify the case for imminent easing in November. Weaker risk sentiments also weigh on commodity currencies in general, after US stocks reversed initial gains to close sharply lower. Euro and Swiss Franc continue to lead the way higher.
UK Johnson spokesman speaking According to a UK Johnson spokesperson: There is no basis to resume talks unless there is a fundamental change of approach a from the EU. UK has noted the EU’s proposal to generally intensify talks Talks with Barnier were constructive Movement needs to come from the EU side as well as the UK
Gold rose about 1% on Monday as the dollar retreated and as expectations of a U.S. stimulus deal being reached ahead of the presidential elections in November bolstered bullion’s appeal as an inflation hedge. Spot gold rose 0.6% to $1,909.80 per ounce by 9:52 a.m. ET (1352 GMT). U.S. gold futures rose 0.4% to $1,913.