Australian Dollar rises broadly today with support from strong inflation data. But upside is capped by mildly negative investment sentiment in Asia. While DOW and S&P 500 made new records overnight, there is no follow through in risk-on sentiment. Overall currency markets are mixed, with Yen as second strongest so far. Dollar is the weakest
News
Forex news for Asia trading on Wednesday 27 October 2021 The focus for the session was the Australian inflation data release. Official inflation data in Australia is published only four times a year and today we got the CPI for the July – September quarter: headline came in as expected, however the core CPI measures
TOKYO: prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in the United States, the world’s largest oil consumer. Brent oil futures fell 25 cents, or 0.3%, to $86.15 a barrel after closing at the highest in seven years on Tuesday. West
Risk-on sentiment is pressuring Yen and Dollar today, while Euro and Swiss Franc are not too far away. On the other hand Sterling is the strongest, while Aussie leads other commodity currencies. US futures are trading higher suggesting that DOW and S&P 500 are on track to extend record ones. The question is whether buying
US October 2021 consumer confidence data Prior was 109.3 Details: Expectations 91.3 vs 86.6 prior Present situation 147.4 vs 143.4 prior Jobs hard to get 10.6 vs 13.4 prior There was a 13-year high in short-term inflation expectations. Notably along with that was a rise in intentions to buy big-ticket items. That suggests that people
New Delhi: Gold in the national capital on Tuesday declined marginally by Rs 5 to Rs 47,153 per 10 gram following weak global trends, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,158 per 10 gram. Silver slumped Rs 287 to Rs 64,453 per kilogram from Rs 64,740
DOW and S&P 500 eked out new record highs again overnight. But Asian markets are not following, with the exception of rally in Nikkei. Activities in the currency markets are generally quiet. Nevertheless, Aussie is strengthening with other commodity currencies. Yen and Swiss Franc are weak, followed by Euro. Dollar is mixed together with Sterling.
Forex news for Asia trading on Tuesday 26 October 2021 It was a day of not a lot of notable news nor data. The Australian dollar chopped around while overall gaining ground while USD/JPY was a bit more of a steady move upwards. Neither of the ranges for these two pairs was overly large, but
NEW DELHI: The seventh tranche of Sovereign Gold Bond Scheme 2021-22 opened for subscription today. The Ministry of Finance has fixed the issue price for the scheme at Rs 4,765 per gram. The Sovereign Gold Bond Scheme 2021-22 – Series VII will remain open for subscription for next five days as it can be subscribed
Euro drops broadly today after slightly weaker than expected German sentiment. Bundesbank also warned of significantly lower growth in Germany in Q4. Swiss France is following as second weakest. Yen is also soft following rally in major global treasury yields. On the other hand, Aussie is currently the strongest for today, followed by Dollar. Technically,
Dallas Fed October manufacturing index +14.6 vs +4.6 prior Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT Dallas Fed survey of manufacturers for October: Prior was +4.6 Production index at +18.3 vs 24.2 prior New orders +14.9 vs 9.5 prior Prices paid +76.3 vs 80.4 prior Wages and
New Delhi: Gold in the national capital on Monday rose by Rs 182 to Rs 47,023 per 10 gram in line with rally in international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,841 per 10 gram. However, silver declined by Rs
Dollar turn softer again in Asian session today and looks set to extend recent decline. But overall markets are quiet so far, with major pairs and crosses staying inside Friday’s range. Economic calendar is likely today and focuses will be on whether broad risk markets would take the lead. Oil price is doing its job
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
Holidaying, equities and white goods may take away the sheen from gold this festive season. Although gold will see wedding-related demand during the festive season, the yellow metal in the physical form may not be the preferred choice for people this Dhanteras and Diwali to bring prosperity to their homes, say bankers and trade analysts.
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 inched higher and was poised for a second weekly gain on Friday, as a softer provided some respite against higher U.S. bond yields and rising expectations that central banks could begin easing economic support. FUNDAMENTALS * Spot gold rose 0.1% to $1,785.00 per ounce by 0216 GMT. U.S. gold futures edged 0.2% higher to