By Tapan Patel Commodity prices traded higher witnessing rebound across non-agri segment on weaker dollar. Bullion prices rose on Monday ahead of US Presidential elections and worries over surge in virus cases. Crude oil futures pared previous losses while base metals gained on demand growth prospects from China. The dollar index ended marginally down which
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As expected, RBA announced further monetary easing at today’s meeting. RBA cut the cash rate to 0.1%, from 0.25% previously. Similarly, the target for the yield on the 3-year government bond yield and the interest rate on new drawings under the Term Funding Facility were also lowered to 0.1%. Meanwhile, the central bank also cut
Forex news for North American trading on Nov 2, 2020: Markets: Gold up $16 to $1895 WTI crude oil up $1.27 to $37.06 US 10-year yields down 2.2 bps to 0.85% S&P 500 up 40 points to 3310 CAD leads, GBP lags The calm before the US election wasn’t so calm as oil bounced 10%
New Delhi: Crude oil futures on Monday fell by 2.88 per cent to Rs 2,566 per barrel as participants reduced their positions on low demand. On the Multi Commodity Exchange, crude oil for November delivery eased by Rs 76, or 2.88 per cent, to Rs 2,566 per barrel with a business volume of 3,868 lots.
Commodity currencies are taking control into US session with help from rebound in European indices. DOW future is also currently up around 450 pts. Canadian Dollar came out of the shadow of steep decline in oil prices, leading Aussie and Kiwi. At the time of writing, Sterling is the weaker one, but there was no
UK stocks are down though, led by retailers as a second lockdown begins Eurostoxx +0.2% Germany DAX +0.4% France CAC 40 +0.1% UK FTSE -0.3% Spain IBEX +0.2% The slightly more positive tones mirror that seen in US futures, which are now up by ~0.4% as the session gets underway. The risk mood is proving
NEW DELHI: Metal and energy counters traded mixed on MCX. At the same time, most agri commodities were trading with cuts ahead of the US Presidential election scheduled on November 3. Gold was down 0.12 per cent while silver gained 0.87 per cent. Base metals were also trading mixed, as nickel and zinc gained while
Dollar and Yen strengthen in general in Asian session today even though risk sentiments are not bad, as seen in rally in major indices. Solid data from China was enough to offset the pessimism over lockdowns in Europe, and the steep decline in oil prices. Sterling is currently the weakest one, followed by Aussie and
Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week and month. And a big week coming up! As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come on online … prices are liable to swing
New Delhi: Coriander prices on Friday fell by Rs 14 to Rs 6,772 per quintal in futures trade as speculators reduced their positions amid weak demand at spot market. On the National Commodity and Derivatives Exchange, coriander contracts for November eased by Rs 14, or 0.21 per cent, to Rs 6,772 per quintal in 4,090
According to the CFTC Commitments of Traders report for the week ended October 27, NET LENGTH for crude oil futures declined -18 258 contracts to 472 090 for the week. Speculative long position dropped -4 919 contracts, while shorts soared +13 339 contracts. The front-month WTI crude oil contract plunged over -4% during the reporting
UK Prime Minister Johnson has announced the new COVID-19 related lock down. In brief details of the new measures are here: The wage furlough scheme is to continue for workers temporarily laid off it was set to expire on Saturday workers will receive 80% of their pay UK Treasury has also announced some measures aimed
New Delhi: Refined soya oil prices on Friday fell by Rs 4.3 to Rs 965 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market. On the National Commodity and Derivatives Exchange, refined soya oil for delivery in November declined by Rs 4.3, or 0.44 per cent, to Rs
As suggested in the CFTC Commitments of Traders report in the week ended October 27, NET SHORT of USD Index futures slipped -412 to 1 254 contracts. Speculative long positions increased +687 contracts and short positions added +275 contracts. Concerning European currencies, NET LENGTH in EUR futures dived -10 388 contracts to 155 555. Second
As COVID-19 cases in the UK accelerate higher Prime Minister Johnson will soon announce another shutdown. The measures will take effect from Thursday after a vote in the Commons on Wednesday. The main points, these via various UK media outlets with the info: pubs and restaurants to close – takeaway and delivery only non-essential retail
NEW YORK: Oil prices fell on Friday and posted a second consecutive monthly drop as rising COVID-19 cases in Europe and the United States heightened concerns over the outlook for fuel consumption. Brent crude dropped 19 cents to settle at $37.46 a barrel, after touching a five-month low of $36.64 in the previous session. The
Global equities tumbled notably last week, partly as coronavirus spread was hitting new record highs. Also of the same importance, US investor had lightened up their positions in preparation for the Presidential elections. Yen and Dollar surged broadly to end as the strongest one. Euro was the worst performing, on return to coronavirus lockdown, and
The manufacturing PMI fell from September but not by as much as expected (central median estimate). Manufacturing 51.4Non-manufacturing 56.2Composite 55.3 prior 55.1 Official Purchasing Manager’s Index (PMI) from China’s National Bureau of Statistics. All remain above 50 and in expansion. China’s economy is still struggling out of the pandemic response earlier in the year, but