New Delhi: Emerging markets are going on for a ride and India could be one of the hottest pieces of the pie to have right now, says US-born investment guru Jim Rogers. Indian blue chip indices have surged over 50 per cent from their March lows, and midcap and smallcap indices have seen an even
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The Fed left the policy rate unchanged at 0-0.25% and the asset purchases program unchanged in September. There are substantial changes in the policy statement, reflecting the formal adoption of average inflation targeting. Updated economic projections revealed a more optimistic outlook for this year through to 2022. The Fed also has also introduced economic forecast
Trump speaking at a campaign event from the White House Says the thinks distribution of a vaccine could start in October or a little later Says the US could distribute at least 100m doses by the end of 2020 Markets have been lapping up positive vaccine stories even from such very unreliable sources. Treat with
NEW YORK: Oil prices jumped more than 4% on Wednesday, following a drawdown in US crude and gasoline inventories and as Hurricane Sally forced a swath of US offshore production to shut. Brent crude rose $1.64, or 4.1%, to $42.17 a barrel by 12:51 p.m. EDT (1651 GMT), while US crude gained $1.85, or 4.8%,
Yen rises broadly today as markets are awaiting Fed policy decision. The strength in Yen since last week seems to be related to inflation expectations. It first followed comments from an ECB official that the pandemic impact impact would eventually be demand dominate, and thus deflationary. Such view could be reflected in today’s Fed projections
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
Gold prices eased on Wednesday, retreating from a near two-week high hit in the previous session, as the dollar gained ahead of a U.S. Federal Reserve policy decision due later in the day. FUNDAMENTALS Spot gold was down 0.2% to $1,952.15 per ounce by 0026 GMT, after hitting its highest since Sept. 2 at $1,971.71
Dollar trades generally soft in Asian session but losses are so far limited. The greenback is actually still staying above last week’s low against all but Yen and Kiwi. Major focus will turn to FOMC today and traders could finally commit to a direction, after getting Fed’s new economic projections. As for today, euro is
Meadows says the 1.5 tln USD proposal could be the basis for future discussion though. Reading between the lines (and dodging the b/s) – Nothing doing on any further fiscal support. This has been going on for over a month, its always a “No” from Meadows and his party. For bank trade ideas, check out
KOLKATA: The crude palm oil (CPO) contract has become the country’s largest traded farm futures contract in the first eight months of 2020, as volatile prices amid continued supply uncertainties in producing nations due to the pandemic pushed participation of both hedgers and speculators in the market. According to data sourced from the Multi Commodity
Dollar trades broadly lower today but there seems to be no clear unified theme in the financial markets. Stocks are in risk-on mode, lifting the Australian Dollar. But Yen is also generally higher despite some mild recovery in treasury yields. Sterling’s recovery is understandable as it’s digesting some of last week’s steep losses. Brexit uncertainty
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
NEW DELHI: Gold and silver prices gained in Tuesday’s trade ahead US Federal Reserve’s policy meet while continuous jump in coronavirus cases also helped the demand for bullion counters. Total coronavirus patient count in India has neared 50 lakh mark, the second largest in the world behind the United States and there have been over
The latest set of macroecononmic indicators in China suggests that economic activities surprised to the upside in August. Growth in industrial production accelerated while retail sales gained first the first time since February. Better-than-expected data in August signals that it is less likely for PBOC to cut interest rates. Industrial production expanded +5.6% y/y in
In a nutshell, the bill was to put a stop to Johnson breaking the treaty. The bill failed. So, a win for Boris. Not the final word though – still plenty more to come in the days ahead on this. As I post a vote on Johnsons bill is taking place. For bank trade ideas,
LONDON: World oil demand will fall more steeply in 2020 than previously forecast due to the coronavirus and recover more slowly than expected next year, OPEC said on Monday, potentially making it harder for the group and its allies to support the market. World oil demand will tumble by 9.46 million barrels per day (bpd)
Trading in the forex markets remain generally subdued for now. While US stocks are set for a rebound, currency traders are not to bothered with that. Sterling is so far the stronger one for today, as traders take profits on shorts, ahead of of the string of UK data, BoE and Brexit developments. Australian 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