According to the CFTC Commitments of Traders report for the week ended November 3, NET LENGTH for crude oil futures plunged -29 360 contracts to 442 460 for the week. Speculative long position declined -20 633 contracts, while shorts gained +8 997 contracts. For refined oil products, NET LENGTH for gasoline decreased -8 483 contracts
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Forex news for North American trade on November 6, 2020: Markets: Gold up $3 to $1952 US 10-year yields up 6 bps to 0.82% WTI crude oil down $1.37 to $37.43 S&P 500 flat at 3509 CHF leads, AUD lags It was a wild week but the final session was a more-subdued affair as the
BENGALURU/MUMBAI: Gold buying in India lost steam this week as prices scaled a 2-1/2 month peak ahead of major festivals, while discounts in top-consumer China dropped on a surging yuan. Indians celebrate the Diwali and Dhanteras festivals next week. “Retail demand has started falling due to the price rise. Even jewellers have cut down purchases,”
Dollar’s selloff continues today despite stronger than expected employment data. Though, selling focus has turned to against Euro and Swiss Franc. Australian Dollar is taking a breather, together with global stock markets. There is no doubt that Dollar will end as the worst performing one for the week, followed by Yen. Commodity currencies will stay
Sure, sure Aso also adds that the central bank’s ETF purchases are part of its monetary policy actions, not to directly prop up stock prices. This is the usual rhetoric we’ve been getting from Japanese officials for the longest of time now. But we all know that the BOJ pretty much acts accordingly as to
NEW DELHI: Gold and silver future traded mixed in morning trade on Friday as vote counting in the US showed Joseph Biden is most likely to be the President of the country even though the outcome may be challenged in the courts. Biden inched closer to winning the White House, though the outcome hinged on
As widely anticipated, the Fed left the policy rate unchanged at 0-0.25% and asset purchases at US$120B per month. The decisions were made unanimously. The members acknowledged that economic recovery remained under way. Yet, they warned of the downside risks to growth amidst the huge uncertainty of the coronavirus pandemic. The members pledged to use
Isn’t this fun The market does not care about the election at the moment as the fall in volatility leads to massive options activity. Biden’s campaign said they are at 254 electoral college votes now but it may take time to see the full result in Arizona and the margin may tighten. Any additional states
New Delhi: Nickel prices on Thursday rose by 0.19 per cent to Rs 1,159 per kg in futures trade as speculators built fresh positions on rising demand from alloy makers in spot market. On the Multi Commodity Exchange, nickel contracts for December delivery gained Rs 2.20, or 0.19 per cent, to Rs 1,159 per kg
Dollar’s selloff finally takes off as market enters into US session today. While the final result of US presidential election is still unknown, investors couldn’t wait to push stocks higher. At the time of writing, Canadian Dollar is trading as a distant second weakest. Sterling is also relatively weak after BoE delivered larger than expected
S&P500 futures on Globex have given back their earlier gains and are a touch lower for the session as I update. AUD/USD is also down the session. Eyes are on US election developments, the latest from Arizona is breathing life back into Trump’s hopes for a victory in that state. which seems to be weighing
Gold prices were little changed on Thursday after early U.S. election results suggested a lead for Democrat contender Joe Biden, even as the possibility of a contested result remained. FUNDAMENTALS Spot gold was little changed at $1,904.66 per ounce by 0111 GMT. U.S. gold futures rose 0.5% to $1,905.50 per ounce. Biden said on Wednesday
Much volatility was seen in the financial markets in the past 24-hours, as traders were pre-trading US elections results. At the time of writing, the race between Donald Trump and Joe Biden is very tight, totally different from the picture portraited by most main steam media. Overall picture in the forex market is very mixed
The briefing is scheduled for 1000 ET The name of the briefing is a specifically peculiar one, but just be aware that it comes after the tide has shifted in Wisconsin and now Michigan. This is likely one to put down Trump’s earlier remarks of planning to engage the Supreme Court in contesting the election
New Delhi: Guar seed prices on Wednesday rose by Rs 3 to Rs 4,265 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend in spot market. On the National Commodity and Derivatives Exchange, guar seed for November contracts increased by Rs 3, or 0.07 per cent, to Rs
Volatility continues today as US Presidential election vote counts are released. The final results are unknown at this point, narrowed down the results of just a few states. At the time of writing, Yen is the stronger one, followed by Swiss Franc. Sterling and Kiwi are the weaker ones. In other markets, European indices are
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KOLKATA: Multi Commodity Exchange of India (MCX) has invited proposals from technology companies to set up an advanced commodity derivatives platform for trading and clearing services, as its contract with 63 Moons will expire in September 2022, said a senior MCX executive. MCX plans to launch spot exchange in metals in less than a year,