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Economic developments since the last meeting have raised concerns of “stagflation” in the UK, i.e. slow growth with strong inflation. As the main constraint to growth is supply chain, we do not expect this to derail BOC’s monetary policy stance. We expect the central bank to vote unanimously to leave the Bank rate unchanged at

The market is nervous about the Evergrande situation [embedded content] That being said, just be wary that holidays in China itself, Japan, South Korea, and Taiwan may have exacerbated the anxiety and fear in Asia Pacific trading today amid thinner trading conditions. Still, the situation is rather tense and warrants attention. As mentioned earlier, the

NEW DELHI: Gold prices declined on Monday, hitting multi-week lows. Markets are closely watching the US Federal Reserve meeting this week for clues on when the central bank will start tapering its crisis-era stimulus measures. Gold futures on MCX were marginally down 0.09 per cent, or Rs 41, at Rs 45,945 per 10 gram. Similarly,

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Plenty of bravado out there On the one side, there’s an army of China alarmists warning that Evergrande’s looming default is a Lehman moment for China’s property market. On the other, there are those brushing it aside, confident that China will bail out whoever needs bailed out and keep the economy strong no matter what.

Dollar and Yen were the runaway leaders in the forex markets last week. While Fed is not quite likely to announce tapering this week, recent solid data argues that November would finally be the date. Stocks in US and Europe have been losing much upside momentum as central banks are starting to prepare for slowing

Gold prices were set for a second weekly loss as a firmer dollar dented the metal‘s allure for holders of other currencies while investors await a key US Federal Reserve meeting for clues on how soon the central bank will start to taper stimulus. FUNDAMENTALSSpot gold was flat at $1,754.86 per ounce, as of 0037

Since the Jackson Hole symposium and the FOMC minutes, the pandemic has worsened in the US, while economic growth appears to be losing steam. These suggest that all monetary policy measures will stay unchanged with asset purchases staying at US$120B per month and the Fed funds rate target at 0-0.25%. We don’t expect any breakthrough

When does the selling stop We now have a pattern of equity selling at the open in 8 of the past 10 trading days. The next question to ask is, when does the selling stop? There’s also a clear pattern of roughly when the dip buyers return. Time of the daily lows since Sept 3,

NEW YORK: Oil prices fell on Friday as energy companies in the US Gulf of Mexico restarted production after back-to-back hurricanes in the region shut output. Brent crude futures fell 33 cents to settle at $75.34 a barrel. US West Texas Intermediate (WTI) crude futures fell 64 cents to settle at $71.97 a barrel. For

Rally in Yen and Swiss Franc dominated trading for most of the day, and it stays firm in early US session. Nevertheless, as sentiment of US traders are not too pessimistic, buying in both slows a little bit. On the other hand, Australia, New Zealand and US Dollars are taking turns to be the worst

Forex news for North America trading on Sept 17, 2021: Markets: Gold down $1 to $1752 US 10-year yields up 4.3 bps to 1.376% WTI crude oil down 59-cents to $72.01 USD leads, CAD lags Coming into New York trade the market mood was fairly neutral. There were some concerns about China/Evergrande but the moves

MELBOURNE: Oil prices barely moved on Friday even as more supply came back online in the US Gulf of Mexico following two hurricanes, with benchmark contracts on track to post weekly gains of around 4% as the output recovery is seen lagging demand. US West Texas Intermediate (WTI) crude futures slipped 2 cents to $72.59

Swiss Franc and Yen are both under some selling pressure today, following rallying major global treasury yields. Sterling is weighed down by weak retail sales while Euro is not too far away. Dollar is mixed and Canadian and Aussie are the relatively stronger ones. The economic calendar is light in US session, and risk markets

Safety in stocks but not in bonds I’m sympathetic to the idea that equity bulls don’t want to take weekend risk around Evergrande. China works on its own timelines but with the company already saying it won’t make a September interest payment, a broader default is looming on its $305B in obligations. I’ve seen some

New Delhi: Gold in the national capital on Friday tumbled Rs 1,130 to Rs 45,207 per 10 grams reflecting overnight decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,337 per 10 grams. Silver also plunged Rs 708 to Rs 60,183 per kg,

Overall markets are relatively quiet today so far. Yen continues to reverse this week’s gain as risk sentiment appear to have stabilized. Dollar also softens while Sterling dips mildly after poor retail sales data. On the other hand, commodity currencies are recovering, as lead by Canadian, which is then supported as WTI oil price stays

GBP gains ahead? The Bank of England has been pretty pessimistic for quite some time in its rate statements. However, reading the details has meant that signs of optimism keep sitting under the surface. The last central bank meeting was no different with both growth and inflation revised higher again. he BoE see GDP staying