New Delhi: Gold prices in the national capital continued to hit new highs, rising by Rs 475 to Rs 51,946 per 10 gram on Friday, on the back of gains in the international prices of the precious metal and a rupee depreciation, according to HDFC Securities. In the previous trade, it had closed at Rs
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The financial markets are generally in risk-off mode in Asia, following the selloff in US overnight. Worries over a double dip recession increased after initial jobless claims unexpectedly rose for the first time in nearly four months. Selloff was most serious in NASDAQ,, which closed down -2.29% just after making another record high earlier this
Reuters info on the Recruitment & Employment Confederation’s measure of employers’ confidence in hiring and investing rose to a net level of +4 in the first half of July up from -9 in June “Even at times like these, there are always opportunities out there for jobseekers,” REC chief executive Neil Carberry said. “But businesses
NEW YORK: Oil were mostly steady on Thursday as rising US fuel inventories and concerns about the impact of surging coronavirus cases on energy demand offset a weaker dollar, which is usually supportive. Brent futures fell 8 cents, or 0.2%, to $44.21 a barrel by 11:57 a.m. EDT (1557 GMT), while US West Texas Intermediate
Sterling tumbles broadly today as another round of Brexit negotiations ended without making any significant progress. Though, Aussie is even weaker as traders are finally taking profits on this week’s strong rally. Swiss Franc, on the other hand, rebound strongly, particular against Euro as the lift from EU recovery funds fade. Dollar is mixed for
No surprises as talks continue to go nowhere for now There was no progress on level playing field, fisheries The past few weeks, UK has not shown readiness to find solutions We are still far away from a deal with the UK For bank trade ideas, check out eFX Plus That basically sums up the
It’s not only gold that glitters. Since touching its weakest level in more than a decade in March, silver has doubled to a seven-year high of almost $23 an ounce. Partly, it’s a rally fueled by the same low-yield, weak-dollar haven dynamic that has pushed bullion to within spitting distance of a record. Investor demand
Investors in Asia remain generally cautious today as reflected in the mixed markets. US-China tensions look set to escalate further after President Donald Trump said closure of other Chinese missions is “always possible”. Yet, the developments give no special support to Dollar and Yen. Both remain the weakest for the week, and stay soft today.
BNZ is ringing alarm bells on the renewed Australian coronavirus outbreak and its implications for cross. BNZ couch their analysis in NZD/AUD terms: NZD/AUD has found some support after dipping below 0.93 Traders will be wary of taking the cross lower against a backdrop of the COVID19 outbreak in Victoria, as it risks spreading to
NEW YORK: Oil prices fell on Wednesday as US government data showed a surprise rise in US crude inventories, and as tensions escalated between the United States and China. Brent crude fell 55 cents, or 1.2%, to $43.77 a barrel by 10:56 EST (1456 GMT). US West Texas Intermediate (WTI) crude dropped 56 cents, or
Risk markets turned mixed today as investors appear to be turning from optimism to cautiousness. Hong Kong stock suffered steep losses on escalating US-China tension. The selloff somewhat carries forward to European markets. Yet, US markets open with slight gains. In the currency markets, Euro is leading the way higher today, trying to catch up
Latest data from the Mortgage Bankers Association for the week ending 17 July 2020 Market index 848.8 vs 815.5 prior Purchase index 310.9 vs 305.4 prior Refinancing index 3,973.3 vs 3,774.3 prior 30-year mortgage rate 3.20% vs 3.19% The positive takeaway from the report here is that purchases crept higher once again, and the rise
LONDON: Oil prices fell on Wednesday as industry data showed a bigger than expected inventory build in the United States, where a surge in coronavirus cases could further dent fuel demand in the world’s biggest oil consumer. Brent crude fell 39 cents, or 0.9 per cent, to $43.93 a barrel by 0837 GMT. US West
Silver price’s rally has accelerated over the past weeks. Currently trading at US$ 22.65/oz, price has jumped +27% ytd. Yet, much of the gains (22% out of 27%) was made in the first three weeks of July. With its dual properties, as both industrial and precious metals, silver will continue to benefit from global economic
Credit Agricole EUR/CHF outlook, maintains a bullish bias targeting a move towards 1.15 “EUR/CHF has been advancing of late hand in hand with outperforming EUR-denominated risk assets, a development that may continue going forward should it be indicative of an improving risk asset related capital flow situation. Historically speaking, the capital flow situation has been
LONDON: Oil rose on Tuesday, helped by positive news about vaccine trials and an EU stimulus deal, taking prices to levels last seen when an oil price war erupted in early March between Russia and Saudi Arabia. Benchmark Brent crude was up $1.24 cents at $44.52 by 1337 GMT, on track for its biggest daily
Global stock markets are lifted by the agreement on the EUR 750B Next Generation EU recovery package. Commodity currencies surge broadly with Australian Dollar leading the way. RBA Governor indicated that the current exchange rate is inline with Australia’s fundamentals. On the other hand, Dollar, Yen and Swiss Franc are under broad based pressure due
Comments by German economy minister, Peter Altmaier The likelihood of a gradual economic recovery has “enormously increased” Expects a sustainable recovery in 2021 and 2022 Expects all European countries to return to growth in 2021 For bank trade ideas, check out eFX Plus The extra funds to provide aid to the economy is no doubt