Tepid tones as we get things going on the session Eurostoxx -0.2% Germany DAX -0.2% France CAC 40 -0.2% UK FTSE -0.1% Spain IBEX flat A bit more of a cautious start to the day as the market is still debating the virus versus vaccine theme in the bigger picture. US stimulus talks may restart
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NEW DELHI: Gold and silver futures for December delivery rose on Friday amid weak US jobs data and concerns over rising Covid cases. Gold futures on MCX advanced 0.12 per cent to Rs 50,050 per 10 grams. Gold prices are off recent highs of Rs 56,379. Silver futures for December delivery were trading 0.44 per
Consolidation trading continues with US stocks closing mildly higher overnight while Asian markets are mixed. Gold also lost some downside momentum just ahead of 1850 key support level. In the forex markets, range trading continues in general with Aussie and Sterling gaining some grounds today. Yen and Canadian are the softer ones. Markets are still
Credit Suisse on the yen Credit Suisse technical analysts see a scope for a USD/JPY move towards 101.59/18 on a sustained break below 104. “The market now attempting to remove again the key 104.02/00 price pivot. We look for a clear and sustained break to reinforce thoughts of a more important downturn with support next
By John KempU.S. petroleum inventories are falling towards more normal levels as the glut earlier this year caused by volume warfare among OPEC+ members and the first wave of epidemic-driven lockdowns is gradually absorbed. Falling inventories are likely to herald a tighter production-consumption balance and a cyclical upswing in both spot prices and calendar spreads
Dollar rises mildly today despite the first rise in initial jobless claims in five weeks. Euro and Swiss Fran are following closely. Global markets are still engaging in consolidative trading, with mild weakness in European equities and US futures. Australian Dollar is leading New Zealand Dollar lower. Still, there is no clear development in the
Daily thread to exchange ideas and to share your thoughts Bend but don’t break. The dollar continues to hold its ground after running into a test near key technical levels in trading yesterday. Meanwhile, risk buyers saw the latest round of vaccine optimism fade rather quickly with US stocks slumping towards the close. EUR/USD backed away after
NEW DELHI: Gold and silver futures for December delivery fell on Thursday on reduced safe haven appeal, as hopes of a Covid vaccine outweighed concerns over a short-term lockdown globally. Gold futures on MCX were down 0.28 per cent at Rs 50,185 per 10 grams. Gold prices are off recent highs of Rs 56,379. Silver
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks plunged -10.16 mmb to 1354.91 mmb in the week ended November 13. Crude oil inventory gained +0.77 mmb (consensus: +1.65 mmb) to 489.48 mmb. Stockpile increased in 3 out of 5 PADDs. However, PADD5 (West
US treasury auctions off 27 billion year bonds high yield 1.422% vs. WI 1.413% bid to cover 2.27x vs. six-month average of 2.44x dealers 23.49% vs. six-month average of 23.2% directs 15.3% vs. six-month average of 14.2% Indirects 61.2% vs. six-month average of 62.6% overall the tail of nearly 1 basis point and the light bid to cover suggests there was some light interest in the
Gold prices fell Rs 357 to Rs 50,253 per 10 gram in the national capital on Wednesday on rupee appreciation and muted demand by investors, according to HDFC Securities. The yellow metal had closed at Rs 50,610 per 10 gram in the previous trade. Silver prices also declined Rs 532 to Rs 62,639 per kilogram
Dollar and Euro are both trading mildly lower in a relatively subdued, consolidative markets today. Yen and Kiwi are, on the other the stronger ones. There is no clear sing of range breakout yet. Pfizer provided another piece of upbeat news on coronavirus vaccines. The final results from late-stage trial has completed with 95% effectiveness.
Another 305 deaths reported, the deadliest day since 16 April The good news is that the pace of increase in the case count has sort of “plateaued” but active cases across the country aren’t really coming down all too much. There are still more than ~272,000 active cases in Germany despite a drop of 800
Gold prices on Tuesday rose by Rs 11 to Rs 50,841 per 10 gram in futures trade as speculators created fresh positions on firm spot demand. On the Multi Commodity Exchange, gold contracts for December delivery traded higher by Rs 11, or 0.02 per cent, at Rs 50,841 per 10 gram in a business turnover
As suggested in the CFTC Commitments of Traders report in the week ended November 10, USD Index futures drifted to NET SHORT of 1 128 contracts. Speculative long positions increased +1 177 contracts and short positions gained +3 046 contracts. Concerning European currencies, NET LENGTH in EUR futures fell -5 062 contracts to 135 287.
We will have to wait for the OPEC+ meeting OPEC+ to make final decision at Nov 30-Dec 1 meeting That will be an intriguing meeting. WTI has pared much of its losses and is down a few cents to $41.25. It’s a question of 3 months or 6 months though headlines today suggested the UAE
Gold prices rose marginally by Rs 3 to Rs 50,114 per 10 gram in the national capital on Tuesday amid choppy trade and rupee depreciation, according to HDFC Securities. The precious metal had closed at Rs 50,111 per 10 gram in the previous trade. Silver prices jumped Rs 451 to Rs 62,023 per kilogram from
Global stock markets are paring some of yesterday’s strong gain, together with slight pull back in oil price. The development translates into mild weakness in commodity currencies. Yet Dollar is not gaining much for now, as it’s overshadowed by the rally in European majors and Yen. But for now, the greenback is still holding above