By Kevin Crowley and Francois de Beaupuy The bosses of some of the world’s biggest oil companies said crude prices are likely to keep rising because a lack of investment will curtail future supply. The chief executive officers of Royal Dutch Shell Plc and TotalEnergies SE joined major commodity traders and banks in predicting that
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The forex markets continue to stay in sort of risk-on mode today, with weakness in Dollar and Yen, and strength in commodity currencies as led by New Zealand Dollar. Though, traders in other markets are not too committed yet. European indexes are just mixed while US futures point to slightly higher open. There is prospect
Canada April retail sales report along with prelim May estimates April retail sales -5.7% vs -4.9% expected Estimates ranged from -2.5% to -6.0% Statistics Canada advance estimate for April was -5.1% based on 46% of responses March was +3.6% April retail sales ex autos -7.2% vs -4.6% expected Sales ex autos and gas -7.6% Sales
NEW DELHI: Gold in the national capital on Wednesday gained Rs 110 to Rs 46,396 per 10 gram following recovery in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,286 per 10 gram. Silver also climbed Rs 324 to Rs 66,864 per kilogram from
Losing -1.8% month-to-date, CNY has erased much of the gain made against USD since the beginning of the year. While the broadly based USD rally after the June FOMC meeting is the major driver, PBOC’s intervention has also prevented the renminbi from having meaningful gains. In April and May, CNY appreciated about +2.8% against USD.
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: Aluminium prices on Tuesday fell 10 paise to Rs 191.30 per kg in the futures market as participants trimmed their positions on a low trend in the spot market. On the Multi Commodity Exchange, aluminium for delivery in June dropped by 10 paise, or 0.05 per cent, to Rs 191.30 per kg in
Trading in the forex markets is rather subdued today, as in other financial markets. Dollar continues to consolidate recent rise while European stocks and US futures are treading water. Focus turns to Fed Chair Jerome Powell’s testimony for fresh inspirations. . Sterling bulls hesitated in early part of European session, but quickly regained grounds. The
European Session June 22 Other markets FTSE +0.22% Euro Stoxx -0.3%% Italian FTSE -0.43% Dax +0.05% CAC +0.05% Oil was further supported on demand recovery hopes & OPEC+ is making sure supply is tight. Private inventory data out tonight. The drag on inventories and the pushing out of the time spreads as Adam pointed out alongside raising bullish
NEW DELHI: Crude oil prices on Tuesday fell Rs 16 to Rs 5,414 per barrel after the participants cut their positions. On the Multi Commodity Exchange, crude oil for the July delivery dropped by Rs 16, or 0.29 per cent, to Rs 5,414 per barrel with a business volume of 9,493 lots. Analysts said the
The BOE would maintain an upbeat tone at this week’s meeting. However, the uncertainty, in particular a third wave of the pandemic which has caused a delay in restriction easing, suggests that it would be too early to hint about tapering of monetary policy or pushing forward the first rate hike. Economic data released since
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
LONDON: Oil prices were largely steady on Monday on rising demand in the northern hemisphere’s summer driving season, but traders braced for a return of Iranian crude supplies despite a pause in talks to end U.S. sanctions. Brent crude for August lost 24 cents, or 0.3%, to $73.27 a barrel by 1255 GMT. U.S. West
Dollar and Yen retreat as markets enter into US session. Stock markets are staging a mild rebound in Europe, while US futures also point to higher open. Treasury yields also recovered from earlier decline, with US 10-year yield back above 1.4 handle at the time of writing. New Zealand Dollar leads Australian and Sterling higher.
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KOLKATA: Gold buying in India remains subdued although lockdown restrictions have been eased in several states and the price of the yellow metal is down by more than 4 per cent. Bullion dealers said jewellers are not keen to restock despite discount offers as consumers continue to stay away from marketplaces on fears of contacting
Yen rises broadly today as risk aversion is dominating the overall financial markets. In particular, US 10-year yield dives through 1.4 handle in Asia, and we’d see if the weakness would persist. Though, selling focus is turning from Aussie and Kiwi to Canadian. Dollar is consolidating last week’s strong gains, but there is no sign
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