TOKYO: Oil prices eased a few cents early in trading on Friday in a breather at the end of a week of big gains propelled by a strike in Norway that raised the prospect of supply from the major producer being slashed by up to 25%. Brent was down by 9 cents at $43.25 a
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NEW DELHI: Gold and silver prices were trading with gains on Friday following the trend in international markets as dollar skidded and hopes of an economic stimulus grew. In an interview, US President Donald Trump said there was a good chance a deal over COVID-19 relief could be reached, but gave no other details about
The message sent from the ECB minutes came in more dovish that the meeting statement released a few weeks ago. Policymakers were concerned about the inflation outlook more than previously expected. Despite upward revisions to the economic projections, the members stressed that there were “key downside risks to the medium-term outlook for price stability, mainly
Canadian Dollar surged broadly overnight, following the strong rally in oil prices, partly due to strike in Norway which affect as much as one million barrels a day of crud oil production. The Loonie is also the strongest one for the week so far, awaiting employment data for the next move. Yen remains the weakest
S&P 500 futures up by ~0.7% For bank trade ideas, check out eFX Plus Risk is looking in a better spot once again to start the session, with the market carrying the more positive mood from yesterday into trading today. I don’t see any notable headlines that might have led to the mini-spike in US
NEW DELHI: Gold and silver prices were trading with minor cuts in Thursday’s session bucking the trend in international markets amid renewed hopes of a stimulus package, albeit smaller than previously talked about. After having shut down the deal’s negotiations on Tuesday, Donald Trump wrote on Twitter that Congress should pass money for airlines, small
Yen continues to feel much selling pressure, partly thanks to strength in treasury yields, and partly due to the strong rebound in US stocks overnight. Asian markets turned mixed, however, with Hong Kong and Singapore in slight red. New Zealand Dollar suffered notable selling on news that RBNZ is actively working on negative rates. Euro
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LONDON: Oil prices fell on Wednesday after U.S. President Donald Trump dashed hopes for a fourth stimulus package to boost the coronavirus-hit economy, with prices also pressured by a larger than expected rise in U.S. crude inventories. Brent crude futures were down $1.05, or 2.5%, to $41.60 a barrel by 1403 GMT and U.S. West
Yen had a U-turn today and breaks near term support level against Dollar. Resilience in treasury yield is seen as a factor for Yen’s weakness. After a brief set back yesterday, US 10-year yield looks set to extend recent rally through 0.78 handle. German 10-year yield is also trying to regain -0.5 handle too. Stock
Alongside stocks falling on Trump’s tweet during the US afternoon halting stimulus negotiations was the USD gaining back ground. That is extending just a tad further here in Asia morning trade, albeit in very small ranges. EUR/USD has just dropped under 1.1730, extending its losses. NZD and AUD are barely doing much better. Ditto for
Pune: Guar gum traders said although the futures market is expecting an uptick in prices, any increase will not be sustainable for long as demand may take time to revive while the supply side remains strong. India is the world’s largest manufacturer and exporter of guar gum. The export dependence of traders keeps prices volatile.
Sterling is currently the worst performing one today so far, on the never-ending concerns of coronavirus infections and no-deal Brexit risk. Australian Dollar is closely following as second weakest after RBA indicated more easing ahead to support employment. On the other hand, New Zealand Dollar is currently the strongest, thanks to cross buying against Aussie.
Some remarks by UK finance minister, Rishi Sunak The focus of all my attention is to support jobs If consumers lack confidence, that will have an impact on jobs But we need sustainable public finances The handling of the virus crisis is all a political ruse and as much as the UK government does not
NEW DELHI: Gold and silver prices were trading mixed on Tuesday as improvement in Donald Trump’s health put pressure on bullion but a lingering economic crisis kept the mood upbeat. US President Donald Trump returned to the White House on Monday after a three-night hospital stay where he was being treated for COVID-19. Gold futures
As widely anticipated, RBA left the cash rate unchanged at 0.25% at the October meeting. The yield curve control target also stays at 0.25%. This is the 7th consecutive month that the central bank has kept the monetary policy unchanged. While economic recovery is underway, policymakers judged that the path will be “bumpy and uneven”.
White House aide Karoline Leavitt tests positive The White House is announcing that Treasury Secretary Mnuchin has tested negative for Covid today. However the assistant press secretary Karoline Leavitt has joined the Pres. press secretary Kayleigh McEnany as members of the White House press corps who has tested positive. For bank trade ideas, check out eFX Plus
LONDON: Oil prices rose on Monday after doctors said U.S. President Donald Trump could soon be discharged from the hospital where he is being treated for COVID-19, while six Norwegian offshore oil and gas fields were shut as more workers joined a strike. Brent was up $1.81, or 4.6%, to $41.08 a barrel by 1337