Dollar and Yen remain generally weak today with main focuses on coronavirus infections news. It’s still unsure if US President Donald Trump could be discharged form hospital today, but news regarding his coronavirus is so far positive. European Commission President Ursula von der Leyen had been tested negative for COVID-19, but she’s in self-quarantine. These
News
Euro area final services and composite PMI prints for September in focus The market is looking more cheery to start the new week, with major currencies gaining slight ground as we see the yen and dollar lag a little bit. All eyes are still on Trump’s health condition and after some nervousness seen on Friday,
NEW DELHI: Gold and silver prices drifted lower on Monday as the markets opened after an extended weekend. Investors shrugged off the uncertainty over US President Donald Trump’s health and reduced their positions in futures trading. Doctors treating Trump for COVID-19 sent conflicting signals about the severity of his condition on Sunday, hours before the
As suggested in the CFTC Commitments of Traders report in the week ended September 29, NET SHORT for USD Index futures fell -3 591 to 5 555 contracts. Speculative long positions increased +2 908 contracts and short positions slipped -683 contracts. The greenback’s outlook remains uncertain in the near term. The US presidential election is
White House doctor seems carefully upbeat, from his statement: Trump not yet out of the weeds but the team remains cautiously optimistic Trump continues to do well, “having made substantial progress since diagnosis” Trump remains fever free and off supplemental oxygen Sean Conley, the White House physician, with the update. Let’s hope Trump stays on
New Delhi: Energy exchanges IEX and PXIL have expressed hope that renewable energy certificate (REC) trading will resume after three months on October 28 as electricity tribunal APTEL has concluded hearing on the REC pricing issue. Trading of RECs is done on the last Wednesday of every month on the Indian Energy Exchange (IEX) and
Net length in gold futures increased as a rise in speculative long positions was accompanied by a fall in speculative shorts. Traders also resumed accumulating gold on price correction. We expect net length in the yellow metal to rise further in the coming week as safe haven demand reemerged amidst the second wave of coronavirus
The timeline is changed Earlier today Trump’s doctor indicated he had been diagnosed with COVID 72 hours earlier, a timeline that would have been the morning after the debate. Afterwards, he attended a rally in Minnesota and then a fundraiser the following day. Now the doctor is saying this is a timeline clarification: If Trump
NEW YORK: Oil prices fell more than 4% on Friday, and posted a second weekly decline after U.S. President Donald Trump tested positive for COVID-19, roiling risky assets, and as rising global crude output threatened to overwhelm the market’s weak recovery. Benchmark Brent and U.S. crude each posted a second straight week of losses. The
Investors could have been anticipating an October surprise. But none could have expected it to come that early, with US President Donald Trump’s coronavirus infections. The world has been in historically high level of uncertainty ever since the virus outbreak in Wuhan of China half a year ago. And the virus is still not leaving
That took a quick turn for the worse There is another report that he’s had a fever all day and he hasn’t tweeted so you know it’s bad. Reports now say he’s now leaving the White House for the military hospital. A White House official says he will be moving into a special suite at
TOKYO: Oil prices extended losses to about 3% on Friday after U.S. President Donald Trump said he has tested positive for COVID-19, while agrrement on a U.S. stimulus package eluded negotiators amid ongoing worries about demand. Brent crude slipped on the Trump news and was down $1.12, or 2.7%, at $39.81 a barrel by 0710
Gold extended gains on Friday en route to its best week in nearly two months as investors sought safe-haven assets after U.S. President Donald Trump tested positive for COVID-19. Spot gold was up 0.5% at $1,915.34 per ounce by 0645 GMT, reversing losses from early Asian trade. U.S. gold futures rose 0.3% to $1,922.20. Bullion
Markets suddenly turned into a risk-off mode on the first October surprise. US President Donald Trump and wife Melania had tested positive for coronavirus. Both were going to quarantine with Trump’s scheduled cleared of all travels. Yen surges broadly as reaction. While Dollar follows higher, it’s quickly losing momentum and was overwhelmed by Yen. Commodity
Global markets are clearly staying in risk-off mode before weekly close. Mixed US job data was largely ignored. Eyes are staying on the development regarding US President Donald Trump’s coronavirus infections, and the impact on the Presidential election which is just around a month away. Yen is currently the strongest one for today, but hasn’t
The firm argues that the aussie should also rebound similarly Westpac’s senior currency strategist, Sean Callow, says that risk appetite will recover after the knee-jerk selloff to Trump testing positive for the coronavirus. “My underlying assumption is that risk appetite multi-month will be underwritten by super-generous global monetary policy settings. It is a clear negative
BENGALURU/MUMBAI: Customers began trickling into jewellery stores in India this week as domestic prices slipped, with dealers hoping for a further rebound in demand going into a busy festival season. Indians celebrate the festivals of Dussehra in late October and Diwali and Dhanteras in November, when buying gold is considered auspicious. “Slowly, demand has been
Dollar attempted to edge lower earlier today but the bears are still not too committed. Selling has indeed turned to Yen in early US session, after some better than expected US data. The stocks markets are also lacking a clear direction as European indices open higher, but quickly reversed early gains. Australian and New Zealand