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Risk aversion is a main theme today, on situation in Afghanistan, poor China data, and spread of Delta virus. Yen and Swiss Franc rise broadly, and to a lesser extent followed by Dollar. Commodity currencies are all in red, in particular with Aussie pressured by increasing pandemic restrictions. On the other hand, Euro and Sterling

Forex news for North American trading on August 16, 2021. The North American session began with stocks lower, yields down and the dollar higher but mixed with a “risk off” slant.   The weekend brought the awkward evacuation from Afghanistan of US diplomats as Taliban forces overpowered the Afghanistan security forces, and the US started the

LONDON: Oil fell by over 3 per cent on Monday to a one-week low, dropping for a third session after official data showed refining throughput and economic activity slowed in China, an indication that COVID-19 outbreaks are crimping the world’s second-largest economy. Brent crude was down $2.21, or 3.1 per cent, at $68.38 a barrel

The market has priced in a 25 bps hike, bringing the OCR to 0.5%, at this week’s RBNZ meeting. Much stronger-than-expected economic recovery since the last meeting, the rapidly rising inflation and inflation expectations, and a better job market are the key reasons for the rate increase. Signs of overheating have heightened, making a rate

Daily thread to exchange ideas and to share your thoughts The bond market is having a bit of a rethink, keeping with the turn in the mood since Friday and that is the key spot to watch in FX to start the new week. The drag on yields sank the dollar at the end of last week

Risk tones remain more defensive but not quite as much as earlier in the day A snapshot of the risk barometers in the market reveals that the softer risk sentiment is still prevailing but things are slightly calmer in European trading so far: 10-year Treasury yields down 2.2 bps to 1.275%; low hit 1.248% WTI

Risk tones continue to stay on the defensive US futures looked to have calmed down a little mid-way through European morning trade but are now pulling back lower again as we’re about 30 mins from London midday. S&P 500 futures are down to the lows for the day with Nasdaq futures and Dow futures also

TOKYO: Oil prices fell more than 1% on Monday, dropping for a third session, as government-imposed restrictions on mobility to counter the spread of the variant raised worries about a recovery in fuel demand. Brent crude was down 80 cents, or 1.1%, at $69.79 a barrel by 0046 GMT, after edging lower last week. US

NEW DELHI: Gold prices held near a week’s high level on Monday. A plunge in US consumer sentiment allayed some concerns of an early tapering by the Federal Reserve. Gold futures on MCX were marginally up 0.08 per cent, or Rs 37, at Rs 46,977 per 10 gram. Silver futures shed 0.09 per cent, or

Gold prices hovered near a one-week high on Monday, as a plunge in US consumer sentiment allayed some concerns of an early tapering by the Federal Reserve. FUNDAMENTALSSpot gold was flat at $1,779.51 per ounce by 0100 GMT, having earlier hit a high since Aug. 6 at $1,780.82. US gold futures were up 0.2% to

Forex news for the North American session on August 13, 2021 Every once in a while you get a piece of economic data, that makes you do a double take and say “What was that again?”  That was the case with the Univ. of Michigan consumer sentiment data for August released today.   This survey data

For the 28th consecutive day, petrol and diesel prices remained unchanged across the country. Global crude prices have dropped to just below $71 per barrel, after it cooled down in July. In the national capital, petrol continues to be sold for R.s 101.84 per litre, while diesel is also being sold at the unchanged price

The forex markets are generally trading in very tight range in Asian session. While DOW surged to new record high overnight, Asian indexes are just mixed. Dollar started a pull back but there is no clear follow through selling so far. At the same time, commodity currencies are generally stronger for the week, as supported

466 new cases. I don’t know how much longer the Reserve Bank of Australia can remain optimistic about the economy with Australia’s largest city and state seeing a spiralling wave of infections.  New South Wales is the largest population state of Australia and has the country’s largest city, Sydney. Its the epicentre of Australia’s current

TOKYO: Oil prices fell for a second day on Friday after the IEA warned that demand growth for crude and its products had slowed sharply as surging cases of COVID-19 worldwide has forced governments to revive restrictions on movement. Brent crude was down 31 cents, or 0.4%, at $71.00 a barrel by 0046 GMT, after

Euro and Swiss Franc rise broadly as the markets are approaching the weekly close. On the other hand, Canadian Dollar is reversing some of this week’s gains, while Dollar is following as second weakest for the day. As for the week, the Loonie is still the strongest, followed by Kiwi Swiss Franc is the weakest

Bad news is good news for gold The weekly chart in gold is shaping up to be an interesting one with gold now up $26 to $1778. There’s a potential bottom from $1680 that would really turn into something if we saw a break (and weekly close) above $1833 in the next 2-3 weeks. I

New Delhi: Gold in the national capital on Friday jumped Rs 222 to Rs 45,586 per 10 gram amid a recovery in international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 45,364 per 10 grams. Silver also gained Rs 100 to Rs