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
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NEW YORK: Oil prices edged lower on Monday despite a weaker US dollar, as rising coronavirus cases and tensions between the United States and China clouded the outlook for oil demand’s recovery. Brent crude fell 25 cents to $43.09 a barrel by 12:53 p.m. EDT (1653 GMT), while US West Texas Intermediate (WTI) crude fell
The powerful rallies in Euro and Gold remain the dominate theme for today as traders seems to be focusing on the worsening US-China relations as well as second wave of coronavirus infections in the US and Asia. Swiss franc tumbles sharply, as mainly pressured by the selloff against Euro while Yen is firm and resilient.
Forex news from the European trading session – 27 July 2020 Headlines: Markets: JPY leads, CHF lags on the day European equities mixed; E-minis up 0.4% US 10-year yields down 1 bps to 0.579% Gold up 2.1% to $1,941.40 WTI up 0.3% to $41.43 Bitcoin up 6.3% to $10,235 The dollar fallout remains the key
SINGAPORE/LONDON: Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors towards safe-haven assets. Brent crude dipped 20 cents, or 0.5%, to $43.14 a barrel by 1000 GMT, while U.S. West Texas Intermediate (WTI) crude dropped to $41.15 a barrel, down 14 cents, or 0.4%.
The upcoming FOMC meeting aims at preparing the market for changes in the monetary policy in September. At the meeting this week, the Fed will keep its policy measures unchanged at this week’s meeting, i.e., the Fed funds rate will stay at 0-0.25%, while asset purchases (QE) will be kept at a monthly pace of
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
By Mark Gilbert Gold is up 25% this year and traded above $1,895 per ounce on Thursday, not far from the 2011 record high of $1,921. Meanwhile, global stocks, as measured by the MSCI World index, have recovered almost all of the losses they suffered as the pandemic ushered the world economy into lockdown, and
There is no apparent slow down in rally in commodity currencies against Dollar, even though risk markets turned mixed in Asian session. Australian Dollar continues to lead the way higher. Canadian Dollar is also firm as WTI oil price breach 42 handle. On the other hand, Dollar, Yen, and to a lesser extent Swiss Franc,
Another reason to sell the US dollar There is no set date for the Treasury’s FX manipulation report but it is due out soon and analysts at JPMorgan says it may contain a message for the Swiss. “Switzerland presents an obvious risk of an outright labeling” by the Treasury Department, “which may further frustrate the
Gold prices have seen a sharp rise over the past several weeks. The precious metal has been marking new highs ever since it broke above the $1,750 mark. Over the past month, the yellow metal has gained over $121, or 6.80 per cent, till of July 24. Technical charts show the monthly bar is yet
As suggested in the CFTC Commitments of Traders report in the week ended July 21, NET SHORT for USD Index futures gained +754 to 5 793 contracts. Speculative long positions increased +6 856 contracts and short positions added +7 610 contracts. Concerning European currencies, NET LENGTH in EUR futures jumped +14 135 contracts to 125
Hanna was upgraded from a tropical storm to a hurricane on Saturday by the US National Hurricane Center. The most recent update has it pushing west from the Gulf towards the Texas coast expected to make landfall by Saturday late afternoon or early evening (Texas time) NHC warn of potentially damaging winds, severe flooding For
MUMBAI: The jewellery industry is expecting the consumer demand for gold to falter further amid surging prices of the precious metal and economic slowdown. Gold prices have been ruling at unprecedented highs in India and global bullion markets as investors are preferring safe haven assets amid economic uncertainty triggered by the COVID-19 pandemic. On Friday,
Euro ended as the strongest one last week as boosted by the agreement on the Next Generation EU recovery fund. It’s seen as a landmark deal which would increase cohesion of the EU. The burden on ECB would also be dramatically eased with the fiscal support. Meanwhile, Eurozone PMI composite jumped to a 25-month high
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
By Jen SkerrittAs economies struggle to recover in the pandemic and U.S.-China tensions flare, investors piling into precious metals may be overlooking another potential haven: wood. Lumber futures have doubled since early April and are the top-performing major raw material this year. Surprisingly, wood is even outshining gold and silver, traditionally the go-to haven commodities.
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks soared +8.82 mmb to 1461.16 mmb in the week ended July 17. Crude oil inventory gained +4.89 mmb (consensus: -2.09 mmb) to 536.58 mmb. Stockpile increased in 3 out of 5 PADDs. PADD 3 (Gulf