Pune: China plans to import large quantities of castor seed from India, which can create a scarcity of raw material for the local edible oils industry, a leading trade body said. “During the last few months, China has been aggressively buying Commodities to bolster their State Reserves. We understand they are also targeting to buy
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Dollar weakens again today but stay in very tight range as indecisive trading continues. The stronger than expected durable goods orders were are ignored by the markets. White House’s comment that stimulus deal will be there in “coming weeks” is also shrugged off. Swiss Franc is following Dollar is the weaker one. On the other
Comments by the Chinese foreign ministry For bank trade ideas, check out eFX Plus Tensions between the US and China aren’t going away, regardless of the election result next week. And while the market has been less sensitive to the latest developments, be rest assured that the narrative will carry on for many more years
NEW DELHI: Gold and silver future prices rose in the opening trade on Tuesday tracking trend in international market amid rising Covid-19 cases in western countries, which has resulted in fresh curbs. US House of Representatives Speaker Nancy Pelosi is hopeful that congressional Democrats and the Trump administration can reach agreement on the coronavirus relief
Movements in the forex markets remain relatively limited and indecisive. There were little reaction to the steep decline in US stocks overnight, which is followed by broad based weakness in Asia. For now, Dollar, Yen and Kiwi are the firmer ones for the week. Canadian Dollar remains the worst performing as dragged down by oil
Covid statistics for France Covid cases rise by 26,771 vs. 52,010 on Sunday 257 new deaths is up from 116 on Sunday The case count started to spike higher last week surpassing the previous high at around 32,000. The dip today is typical for the early week, but above the 19,000 seen a week ago today.
Gold fell below the key psychological level of $1,900 on Monday to its lowest in more than a week, pressured by a firmer dollar and stalled progress in talks for a new U.S. coronavirus aid package. Spot gold fell 0.2% to $1,897.71 per ounce by 0908 GMT, after hitting $1,890.19, its lowest since Oct. 15.
Movements in the forex markets are rather limited in European session, with some firmness seen in Dollar and Sterling. One focus is on the selloff in Canadian Dollar, which is dragged down by the steep decline in oil prices. Euro’s mild weakness is also worth a note, as partly weighed down by German sentiment data.
Softer tones observed in early trades German DAX futures -1.5% UK FTSE futures -0.6% Spanish IBEX futures -0.9% Risk is tilted to being ‘off’ as we get the session started, with US futures also seen lower by ~0.7%. Virus jitters are resurfacing with the situation across Europe and the US looking more and more pessimistic
By Ravindra Rao Gold and silver prices traded with cuts in Monday’s session tracking weakness in global markets as US stimulus talks came to a standstill. Globally, gold prices eased to an over one-week low in early Asia trade as the dollar firmed. Here is a trading strategy for the bullion counters: Gold MCX GOLD
Economic data released since the September signaled that the recovery might have lost momentum. This is a worrying signs as renewed lockdown measures in light of the second wave are expected to damage the recovery further. As a preparatory meeting for more stimulus in December, ECB will turn more dovish this month. Stimulus measures to
Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week! Its a normal Monday morning, market liquidity is very thin until it improves as more Asian centres come on online … prices are liable to swing around on not too much at all, so take care
By Laura Hurst and Kevin Crowley Six months on from crude’s era-defining price crash and Big Oil is suffering from whiplash. Prices may have stabilized around $40 a barrel as OPEC+ curbed supply, but as the coronavirus surges through Europe once again, the twin safety nets for majors in previous downturns — refining and trading
According to the CFTC Commitments of Traders report for the week ended October 20, NET LENGTH for crude oil futures jumped +17 551 contracts to 490 348 for the week. Speculative long position rose +14 764 contracts, while shorts dropped -2 787 contracts. For refined oil products, NET LENGTH for gasoline decreased -258 contracts to
Coronavirus daily numbers from Europe: France reports 45,422 cases (positivity rate 16% vs 8% a week ago) UK reports 23,012 cases vs 20,530 the day prior Italy reports 19,644 vs 19,143 Netherlands reports 8669 That’s a new record for Italy/France and the others are all very close. Expect the weekly pattern to show lower numbers
BENGALURU/MUMBAI: Gold premiums in India jumped to their highest in nearly three months this week, as jewellers continued to stock up on hopes of more customers visiting stores as the festive season gathers pace. Indians celebrate Dussehra on Sunday and Diwali and Dhanteras in November, when buying gold is considered auspicious. “Investment demand was good
As suggested in the CFTC Commitments of Traders report in the week ended October 20, USD Index futures returned to NET SHORT of 1 666 contracts. Speculative long positions decreased – 2042 contracts and short positions added +61 contracts. Concerning European currencies, NET LENGTH in EUR futures declined -2 694 contracts to 165 943. NET
Lots of high profile names to announce earnings this week The earnings calendar for the week will ignite with a broad range of some of the biggest of the big names. On Thursday alone we get all the FAANGs sans Netflix (which disappointed with their subscriber numbers this week), but Facebook, Amazon, Apple, and Google