Euro ended as the worst performing one after the post ECB rally faded quickly. It’s clear that ECB would lag behind other major central banks in stopping to add stimulus, not to mention raising interest rate. The selloff in Euro also dragged down Sterling, as both were sold off against Swiss Franc. Australian Dollar ended
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Forex news for North American trading on October 29, 2021 It was month-end and also a Friday, which can be a formula for illiquid market conditions due to the flows in the market. It became clear in the North American session that dollar buying was the order of course. Going into the London fixing at 11 AM ET/1600 GMT,
New Delhi: Gold in the national capital on Friday slipped Rs 271 to Rs 46,887 per 10 gram reflecting a decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,158 per 10 gram. Silver also slumped Rs 687 to Rs 63,210 per kilogram
Dollar is trying to rebound broadly in early US session, partly on strong inflation data, and partly on month end flow. But overall, the greenback is just mixed for the week. For week Aussie and Swiss Franc are the strongest ones, with the latter lifted by strong buying against Euro. Yen is now the weakest
Bund yields have been sub-zero since Q2 2019 The bond market is all over the place. The hawkish shift from central banks (aside from the ECB) is being met with dislocations and some nasty, whippy moves. It’s month end so that might be feeding through but it’s tough to hear what the bond market is
Just Dial, the hyper-local search engine, witnessed a significant QoQ 20 per cent jump in demand for precious metals with demand for gold remaining high, almost at 3X of silver during this festive season. The demand surge for precious metals in Tier-II cities remained higher in vis-à-vis Tier-I. Gold prices have fallen since reaching the
Dollar and Yen dropped sharply overnight on strong risk-on market, as NASDAQ finally caught up and made new record high. The greenback is additionally pressured by the delayed buying in Euro after ECB post-meeting press conference. For now, Canadian Dollar is the third weakest, following the retreat in oil price. On the other hand, Aussie
Forex news for Asia trading on Friday 29 October 2021 There were some minor gyrations in some of majors during the session and on the whole the net change is close to not much at all. EUR/USD, GBP/USD, USD/CHF have barely moved. USD/JPY rose a little early to around 113.70 before givng back 30 points
Gold prices on Friday were set to mark a third straight weekly gain as a retreat in U.S. bond yields and a tepid dollar lifted bullion‘s safe-haven appeal. FUNDAMENTALS * Spot gold was steady at $1,797.82 per ounce, as of 0100 GMT, but gained 0.3% so far this week. U.S. gold futures dropped 0.2% to
ECB’s meeting came in largely as we had anticipated. Policymakers acknowledged the stronger-than-expected inflation but downplayed the need to push forward rate hike. All monetary policy measures remained intact with the main refi rate, the marginal lending rate and the deposit rate staying at 0%, 0.25% and -0.5% respectively. The PEPP continued to work as
Top line is $1.75 trillion The framework for a reconciliation deal has evidently been agreed to at the highest levels but I haven’t heard anything yet from Manchin and Sinema so I’m not sure you can assume anything passes until the votes come in. “I don’t think it’s hyperbole to say that the House and Senate
New Delhi: Gold in the national capital on Thursday rose by Rs 112 to Rs 47,050 per 10 gram in-line with a recovery in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,938 per 10 gram. In contrast, silver slipped Rs 203 to Rs
Consolidative trading continues in the forex markets in general. Canadian Dollar spiked higher after more hawkish than expected BoC overnight, but there was no follow through buying. BoJ’s decision to stand pat triggered little reactions. Expectation of an earlier RBA rate hike intensified after the central bank let target yield surges sharp today. Yet, Aussie
Forex news for Asia trading on Thursday 28 October 2021 Australian interest rate markets were where there was some action on the session, but, spoiler alert, AUD was not much flustered by the rate moves. The April 2024 Australian Commonwealth Government Bond is the Reserve Bank of Australia ‘target’ bond, where the bank is aiming
NEW DELHI: Gold prices edged lower on Wednesday, tracking a weak global trend, although the declines were marginal. A stronger US dollar and elevated bond yields dented bullion’s safe-haven appeal ahead of key central bank meetings in the coming few days. Gold futures on MCX were trading 0.10 per cent or Rs 58 lower at
The BOC surprised to the hawkish side at the October meeting. Policymakers announced to end the QE program and begin the reinvestment process, compared with consensus of a reduction to the weekly purchase of CAD1B. While leaving the overnight rate unchanged at the effective lower bound of 0.25%, the timing for the first rate hike
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New Delhi: Gold in the national capital on Wednesday plunged by Rs 244 to Rs 46,747 per 10 gram reflecting the decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,991 per 10 gram. Silver dipped Rs 654 to Rs 63,489 per kilogram