Gold jumped 1% on Thursday, as the dollar weakened after the European Central Bank kept its policy unchanged and US jobless claims held at high levels, dimming hopes of a quick economic recovery from the effects of the coronavirus pandemic. Spot gold was up 0.7% to $1,959.93 per ounce at 11:42 a.m. EDT (1542 GMT),
News
Euro jumps notably as ECB insist that it doesn’t target the exchange rate, despite recent appreciation, suggesting that they’re still comfortable with the current level. The common currency also takes Swiss Franc higher with it. On the other hand, Sterling is left behind as European majors. The Pound suffers another round of selloff as EU
The advice also says that would allow the commission to take legal action against the UK on several grounds A thread by RTE reporter, Tony Connelly: For bank trade ideas, check out eFX Plus 1/ The advice says the UK’s attempt to override elements of the NI Protocol are a “clear breach” of the Withdrawal
NEW DELHI: Gold and silver prices were trading on a flat note in Thursday’s session ahead of European Central Bank (ECB) policy meet outcome later in the day while non-stop rise in the coronavirus cases supported the prices. The ECB is set to announce its rate decision at 1145 GMT on Thursday. Investors will watch
Sterling remains the weakest one for the week, without a doubt in the otherwise mixed forex markets. Overall risk sentiments stabilized with the overnight rebound in US stocks. Dollar has pared back much of this week’s gains together with Yen. Euro is currently the stronger one for today, as helped by cross buying against the
UK PM Johnson is maneuvering to do just that with the accord as part of his reneging on the agreement he signed with the EU. Pelosi with the threat of no trade deal with US if he does. Johnson places what appears to be implacable opposition to his current plan of withdrawing from the agreement
By Diptendu Lahiri Gold firmed on Wednesday on lingering uncertainties stemming from the coronavirus pandemic, but gains were limited as the dollar too gained from safe-haven inflows driven by worries about a delay in the development of a vaccine. Spot gold was up 0.3 per cent at $1,936.47 per ounce by 1302 GMT, shaking off
The Pound’s selloff continues today as the UK government’s so called internal market bill draws wide criticism, from EU to Scotland and Wales. Traders continue to off-load Sterling on no-deal Brexit risks. European markets, though, somewhat stabilized and recovered from yesterday’s selloff. US stocks futures also point to recovery at open. Yen and Dollar turns
European equities keep higher, US futures gain to start the session For bank trade ideas, check out eFX Plus European indices are pushing higher in the opening hour, with the DAX now up by 0.9% as we also see US futures recover some poise after a bit of a warning shot earlier today. S&P 500
NEW DELHI: Gold and silver prices fell further in Wednesday’s session in another bout of profit booking even as equities tumbled across the world and tensions between US and China rose. US Customs and Border Protection officials have prepared orders to block imports of cotton and tomato products from western China’s Xinjiang region over allegations
Headline CPI moderated to +2.4% y/y in August, from +2.7% a month ago. High base and softened growth in food inflation was the key reason for the slowdown. Food price rose +11.2% y/y, decelerated from +13.2% in July. This was mainly driven by the sharp moderation of pork inflation which eased to +52.6% from July’s
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 YORK: Oil futures tumbled on Tuesday, with Brent dropping below $40 a barrel for the first time since June and US crude off more than 8%, after Saudi Arabia cut its October selling prices amid a flare-up of coronavirus cases around the world. Coronavirus infections are rising in India, Great Britain, Spain and several
Risk aversion is back in the markets today. On the one hand, US stocks are set to open sharply lower as they return from holiday. Tech rout is continuing with NASAQ futures down more than -3% at the time of writing. On the other hand, no-deal Brexit worries intensify as UK continues with its hard-line
Equities keep slightly more optimistic to start the session Eurostoxx +0.2% Germany DAX +0.3% France CAC 40 +0.1% UK FTSE +0.4% Spain IBEX +0.3% Meanwhile, S&P 500 futures are up by ~0.6% as we get things underway. The risk mood points to some hints of optimism, though there is a sense that market participants remain
NEW DELHI: Gold and silver saw profit booking by traders on Tuesday, in line with global cues, but losses were capped by worries over economic recovery. Japan’s economy shrank more than initially estimated in the second quarter, while German industrial output rose far less than expected in July, suggesting Europe’s largest economy faces a slow
Sterling remains generally weaker today, on Brexit concerns. But Swiss Franc is apparently worse for now, dropping through a near term support level against the greenback. On the other hand, Yen and Dollar stay firm in mixed Asian markets. Yen is not too troubled by data that showed deeper than estimated economic contraction in Q2.
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