Industry body Soyabean Processors’ Association of India (SOPA) has strongly opposed the demand of the poultry industry for extension of shipment period for import of soyameal, a by-product of soybean processing for manufacturing oil, upto March 31, 2022. SOPA has claimed that the demand and supply situation of soyameal in the country is comfortable as
GBP/USD witnessed a subdued/range-bound price action on the first day of a new week. Renewed USD buying acted as a headwind for the major amid Brexit-related uncertainties. Expectations for an imminent BoE rate hike extended some support and limit the downside. The GBP/USD pair lacked any firm directional bias on Monday and seesawed between tepid
A recent update to Her Majesty’s Revenue and Customs (HMRC) regulations has introduced a digital services tax that will be levied on cryptocurrency exchanges operating in the United Kingdom. Crypto exchanges in the UK will now have to pay a 2% digital services tax according to a Telegraph report. Britain’s tax authority, HMRC, does not
10-year yields down 10 bps to below 1.55% on the day Invest in yourself. See our forex education hub. Fears surrounding the new COVID-19 variant is dominating markets at the moment and bonds are very much bid amid a flight to safety. The drop in 10-year yields today reverses all the hard work by bond
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
Rough diamond prices have risen about 10% owing to supply concerns amid a new Covid-19 variant, Omicron, spreading in South Africa and Botswana. These two nations have some of the biggest mines of De Beers, the largest diamond miner in the world. The surge in diamond prices coupled with a possible supply side constraint has
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters Not since Americans came home from World War II has inflation percolated through the U.S. economy like it is now, and it could continue to do so for
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EUR/GBP spiked towards 0.8500 on Friday as markets were rocked by the latest Covid-19 developments. The pair benefitted from a moderation of global central bank rate hikes. EUR/GBP saw sharp upside on the final trading day of the week, surging from close to the 0.8400 level to print session highs near 0.8500. As trade draws
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Lyn Alden Schwartzer, founder of Lyn Alden Investment Strategy, which provides an investment research service for both retail
Hawks were thrilled with Biden’s nomination of Jerome Powell for the second term, thinking that his chairmanship would lead to more rate hikes in the coming year, than that of Lael Brainard, initially viewed as the leading candidate of the Fed Chair in the next term. She is now nominated as the vice chairman. US
A big setback for USD/JPY buyers to end the week The pair is grinding to fresh lows on the day at 114.40 as sellers now seize back near-term control on a push below the key hourly moving averages: There is some minor support around 114.45-49 but below that, a drop towards 114.00 looks likely as
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: With the introduction of norms for silver exchange traded funds (ETFs), investors will be able to invest in silver in a more liquid manner and can help in diversification of the portfolio, experts said on Sunday. The Securities and Exchange Board of India (Sebi) came out with operating norms for silver ETF, whereby
A real estate sign advertising a home “Under Contract” is pictured in Vienna, Virginia, outside of Washington. Larry Downing | Reuters An unusual surge in home buying, just as the market enters the historically slow holiday season, is driving mortgage demand higher. Total mortgage application volume rose 1.8% last week compared with the previous week,
The US is to impose travel restrictions on eight southern African countries in response to the new Covid-19 variant, said a government official cited by Reuters. The new travel restrictions will bar most foreign nationals from the US who have been in those countries within the last 14 days, the official said and will take
Investor confidence was shattered by the news of the heavily mutated B.1.1.529 coronavirus variant, now called omicron. WHO warned that this variant has a large number of mutations, some of which are concerning. It added that preliminary evidence suggested an increased risk of reinfection with this variant. It may also have a growth advantage to
NZD/USD down 0.7% to 0.6810, nears the August lows of 0.6805-09 Invest in yourself. See our forex education hub. It is a big moment for NZD/USD buyers to step up and be counted here as we approach the August lows of 0.6805-09, which is a key support region for the pair. A break below that