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USD/JPY is still expected to grind lower in the next weeks, according to UOB Group’s FX Strategists. Key Quotes 24-hour view: “We expected USD to weaken yesterday but we were of the view that ‘102.85 is a solid support and this level is unlikely to yield so easily’. We highlighted that the ‘next support is
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Dollar’s selloff intensifies somewhat today, with solid risk appetite in the background. Though, Sterling is slightly weaker entering into US session. On the other hand, Euro and Swiss Franc are the strongest for now. Commodity currencies are also struggling to pick up buying despite rally in oil prices and Gold. Nevertheless, a busy week with
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NEW DELHI: Gold and silver futures prices in the domestic market traded with gains on Monday as covid-19 cases continued to surge forcing many countries to mull tougher restrictions. Global coronavirus cases continued to climb, with British Prime Minister Boris Johnson hinting at tougher lockdown restrictions, while Japan considered declaring a state of emergency for
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Dollar trades generally lower today as Asian markets ex-Japan open the year on strong footing. Investors are generally riding on optimism of vaccine rollouts and an eventual sustainable global recovery. Though, for the short term, Japan is facing risk of more lookdowns while coronavirus infections in the US could still surge again. The forex markets
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Gold prices ease from the multi-day high as US dollar marks corrective pullback. Risks dwindle amid virus woes, mixed prints of December’s activity numbers in Asia. Sustained upside break of short-term triangle favor buyers. Gold prices trim early Asian gains while receding to $1,921.67, up 1.21% intraday, ahead of Monday’s European session. The yellow metal
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