10-year yields are down 2 bps to 1.555% currently The dollar may still be working with the technicals and gaining some modest ground in European morning trade but not a lot of that ‘hawkishness’ per se is being reflected in the bond market at the moment. 10-year yields are retracing slightly after yesterday’s surge, falling
News
HANOI: London copper prices fell to their lowest in nearly two months on Thursday, weighed down by strength in the dollar after the US Federal Reserve brought forward its outlook for an interest rate hike. Three-month copper on the London Metal Exchange fell 1.5 per cent to $9,520.50 a tonne by 0518 GMT, having dropped
Dollar surges overnight after much hawkish than expected Fed interest rate projections. The case of near term bullish reversal continues to build up and there is prospect of further rally before weekend. Markets are relatively mixed elsewhere though. Australian Dollar is lifted by strong job data while New Zealand Dollar is supported by strong GDP.
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 are likely to be extremely volatile in the next few years, driven by supply constraints rather than demand as financing for new production evaporates in favour of renewables, US-based Castleton Commodities International said. “You could see spikes to even higher than $100 a barrel, even $130, and you could also see it
Dollar softens quite notably in early US session as markets await FOMC rate decision. Though, Swiss Franc and Euro appear to be slightly weaker. On the other hand, Kiwi and Aussie are strengthening mildly but Canadian Dollar shrugs off stronger than expected consumer inflation data. Sterling also firms up mildly earlier today, but lacks follow
USD in focus The bottom line is that no change is expected tonight in terms of interest rates or bond tapering. However, the interesting part of tonight will be on the economic and inflation forecasts along with the interest rate projections. Here is what a survey of51 economists expect who were surveyed between June 04-June
NEW DELHI: Gold prices edged lower on Wednesday on the US dollar strengthening. Investors are also waiting for the US Fed meeting’s outcome for hints on tapering of economic support measures. The dollar was steady near the one-month high against its counterparts, making gold more expensive for other currency holders. Some investors view gold as
Dollar is maintaining much of this week’s gains as focus now turns to FOMC statement and economic projections. There is prospect of further rally for the greenback should some policymakers pull ahead their rate hike expectations. But the overall reactions would more depend on interaction with other markets like stocks and yield. As for the
Forex news for North American trading on June 15, 2021 T minus 22 hours until the FOMC decision at 2 PM ET. The Fed is expected to keep rates on hold, but could look to start telegraph taper ideas. The data today saw retail sales give back some of the gains seen over the last
LONDON: Oil prices reached their highest in more than two years on Tuesday, buoyed by expectations demand will recover rapidly in the second half of 2021. Brent crude rose 78 cents, or 1.1%, at $73.64 a barrel by 1311 GMT, the highest since late April 2019. US oil gained 88 cents, or 1.2%, to $71.76
Dollar jumps in early US session after strong, record making, PPI inflation data. The worse than expected retail sales and manufacturing data were shrugged off. Yen and Euro are following as next strongest for now. Sterling continues to be weighed down by delay in reopening and it’s trading and worst ones a long with commodity
Latest data released by ONS – 15 June 2021 Prior -15.1k Claimant count rate 6.2% Prior 7.2% April ILO unemployment rate 4.7% vs 4.7% expected Prior 4.8% April employment change 113k vs 135k 3m/3m expected Prior 84k April average weekly earnings +5.6% vs +4.9% 3m/y expected Prior +4.0% April average weekly earnings (ex bonus) +5.6%
NEW DELHI: Gold ETFs witnessed a 57 per cent decline in net inflow to Rs 288 crore in May compared to the preceding month, as investors diverted money into equity markets. Despite the drop in inflow, the assets under management (AUM) of gold ETFs rose by over 6 per cent to Rs 16,625 crore at
Yen trades broadly overnight on strong risk appetite, with NASDAQ and S&P 500 closing at new record highs. And it remains generally soft in Asian session. Some selling in seen in Australian Dollar after RBA minutes, but loss is very limited. Other commodity currencies are indeed trying to firm up, which helps floor the Aussie.
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 YORK: Oil prices rose on Monday, hitting their highest levels in more than two years, supported by economic recovery and the prospect of fuel demand growth as vaccination campaigns in developed countries accelerate. Brent rose 34 cents to $73.03 a barrel by 12:56 p.m. EDT (1656 GMT). Earlier in the session, it reached $73.64
We do not expect the Fed talk about tapering at this week’s meeting. Policymakers would likely hint more about it at the Jackson Hole symposium in August while a formal announcement would be made at the September FOMC meeting. Rather, we are more interested in its view on the rapid increase in both headline and