MOSCOW: Russia expects its oil production to increase after the current OPEC+ deal on output curbs runs its course in April 2022, data from the economy ministry published on Saturday showed. Russia, which the ministry expects to produce 507.4 million tonnes of oil this year, is seen increasing its production over the next three years
News
Losing more than -4%, the Comex Gold futures marked its worst week since March amidst US dollar’s rebound. The yellow metal’s outlook remains bearish in the near-term after the downward breakout after consolation. We expect NET LENGTH to shrink further in the coming week. Crude oil futures recorded increase in NET LENGTH. Yet, bets fell
Johnson & Johnson’s experimental Covid-19 vaccine phase 1/2 trial findings have provided some encouragement. induced immune responses in most people who received the shot displayed an acceptable safety profile Now for some caveats. These are from a small early-stage trial. They are interim, posted on online preprint server medRxiv. The report is not yet peer-reviewed, not
NEW DELHI: Bullion refiner MMTC-PAMP on Saturday launched a buy-back and exchange offer for gold in the national capital in a move to help the pandemic-affected people offset their economic hardships. For a nominal transaction fee, sellers can receive the maximum value of gold as a direct bank transfer or in the form of a
Dollar and Yen ended as the strongest ones last week as global stock markets tumble. There were concerns over resurgence in coronavirus infections in Europe, with worries over a return to lockdown. Though, the US markets ended not too badly after Friday’s rebound. It’s still not clear if the overall trend in risks has reversed.
Fitch on the UK rating From Fitch, who lowered the UK to AA- in March. The UK’s ratings balance a high income, diversified and advanced economy against high and rising public sector indebtedness. Sterling’s reserve currency status, deep capital market and strong governance indicators support the ratings. The very long average maturity of public debt
By Brijesh Patel and Rajendra Jadhav BENGALURU/MUMBAI: Physical gold demand limped higher in top Asian hubs this week, with dealers in India easing discounts to the lowest level in six weeks, as a drop in prices saw a little interest return in the precious metal. Indian dealers offered discounts of up to $5 an ounce
As suggested in the CFTC Commitments of Traders report in the week ended September 22, NET SHORT for USD Index futures increased -906 to 9 146 contracts. Speculative long positions dropped -1 424 contracts and short positions slipped -518 contracts. NET SHORT will likely shrink in the coming week amidst strong USD rebound. Concerning European
Forex news for North American trade on September 25, 2020: Markets: Gold down $6 to $1861 US 10-year yields down 1.3 bps to 0.65% S&P 500 up 52 points to 3298 WTI crude down 21-cents to $40.10 USD leads, EUR lags We came into the day on a delicate footing and with stock futures lower.
New Delhi: Coriander prices on Friday rose Rs 46 to Rs 6,582 per quintal in futures trade as speculators widened their holdings tracking firm trend in spot market. On the National Commodity and Derivatives Exchange, coriander for October delivery gained Rs 46, or 0.7 per cent, to Rs 6,582 per quintal with an open interest
Dollar firms up again entering into US session, but it’s so far held below yesterday’s high against all but Swiss Franc. There is little reaction to weaker than expected growth in durable goods orders. New Zealand Dollar is surprisingly the strongest on for today, while Yen is the third. Euro is currently the weakest one
The Spanish government recommends Madrid to extend lockdown restrictions to all parts of the region Madrid just announced that they are raising the number of areas under lockdown to 45 from 37 moments ago, adding that about 1 million people in the region are reported to be in lockdown based on the latest restrictions. But
New Delhi: Copper prices on Friday rose by 0.21 per cent to Rs 518.75 per kg in futures trade on pick-up in spot demand. On the Multi Commodity Exchange, copper contracts for October delivery traded higher by Rs 1.10, or 0.21 per cent, at Rs 518.75 per kg in a business turnover of 3,592 lots.
Dollar and Yen retreat mildly today risk aversion recedes slightly. But as Asian markets struggle to find momentum for a rebound, risk aversion could come back any time before weekly close. As for the week, the greenback remains the strongest one, followed by Yen. Australian Dollar is the worst performing, followed by New Zealand Dollar.
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 Thursday, as a fall in U.S. inventories last week was tempered by a stronger dollar and a renewed wave of COVID-19 cases in Europe that led several countries to reimpose travel restrictions. Brent crude futures were up 10 cents, or 0.2%, to $41.87 a barrel by 1100 GMT, while U.S.
Dollar remains the strongest one for the week, followed by Yen, as risk aversion continue to dominate. The recovery attempts in European stocks appeared to have faded very quickly while DOW futures point another day of lower open. Sterling is relatively resilient, with some support from the new jobs support scheme announced by UK Finance
UK finance minister, Rishi Sunak, to speak later today He will also be speaking in parliament later in the day as he will deliver a statement on the economy, which should encompass his plans on the new wage support scheme: The pound is finding some bids on the session currently, with cable pushing to fresh