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
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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
NEW DELHI: Barring zinc and lead, all metal, bullion and energy counters were trading with gains on Monday ahead of the US Federal Reserve’s policy meeting. Gold was up 0.21 per cent while silver added 0.39 per cent. In the base metal block, barring zinc and lead, all counters rose with copper gaining the most
Renewed uncertainty of Brexit talks, sharp selloff of sterling last week and increased speculations of further rate hike have made this week’s BOE meeting a closely-watched one. While the central bank is expected to leave the policy rate and QE unchanged at the meeting, we anticipate it to deliver a dovish message and signal further
The two countries announced an in principle trade deal on Friday. In it the UK committed to tougher restrictions on state aid than the ones it is currently offering the EU in the Brexit talks UK and Tokyo have agreed to replicate the restrictions on subsidies in the EU-Japan deal that went into effect last
Since Saudi Arabia and other Arab OPEC members imposed their famous oil embargo as retribution for U.S. support for Israel during the Yom Kippur War, shifts in global politics and a surge in America’s oil production have tamed the group. OPEC’s most hawkish members, Iran and Venezuela, have been sidelined by U.S. sanctions while its