Forex news for North American trading on May 13, 2021 In other markets: Gold is trading up $10.94 or 0.6% at $1826.64 Silver is up six cents or 0.23% $27.08 WTI crude oil futures fell sharply by $-2.31 or -3.48% at $63.78. The hi reach $65.81. The low extended to $63.09 The price of bitcoin fell sharply and is trading
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Akshay Tritiya is considered an auspicious occasion to start new things and make valuable purchases. Indians have a special attachment to gold, and over the years, have continued to import gold in huge quantities to fulfil their insatiable desire for the yellow metal. While Indian attraction to gold is unparalleled, demand is highly sensitive to
Overall market sentiment stabilizes mildly entering into US session. Major European indexes pared back much of earlier losses, while US futures also turned positive. Even though US PPI showed stronger than expected reading, slightly better than expected jobless claims is support sentiment, in a way. Dollar attempt to extend rebound earlier, but quickly lost momentum
Forex news from the European trading session – 13 May 2021 Headlines: Markets: CHF leads, AUD lags on the day European equities lower; S&P 500 futures up 0.1% US 10-year yields down 0.9 bps to 1.683% Gold flat at $1,815.47 WTI down 2.3% to $64.57 Bitcoin down 9% to $49,640 With a couple of bank
LONDON: prices fell more than 2 per cent on Thursday as India’s coronavirus crisis deepened and a key U.S. pipeline resumed operations, halting a rally that had lifted crude to an eight-week high after the IEA and OPEC forecast a rebound in global demand later in the year. Brent crude was down $1.65, or 2.3
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks gained +3.89 mmb to 1283.82 mmb in the week ended May 7. Crude oil inventory dropped -0.43 mmb (consensus: -2.82 mmb) to 484.69 mmb. Stockpile declined in 2 out of 5 PADDs with PADD 1
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
Domestic gold and silver prices remained under pressure on Wednesday amid a strengthening dollar and a rise in US bond yields, as key data that showed consumer prices logged a higher-than-expected jump in the world’s largest economy. MCX gold futures for June 4 delivery recovered all of the day’s losses to trade marginally higher at
Dollar rebound strongly in early US session after much stronger than expected consumer inflation data. But Canadian Dollar is even stronger with help from extended rebound in oil price. Sterling is the third strongest, as supported by stronger than expected GDP. On the other hand, New Zealand and Australian Dollar are under most selling pressure
WTI up 80-cents to $66.09 today US consumers in the southeast are stocking up on gasoline supplies however they can and that’s leading to stations running out of gas. The Colonial pipeline supplies gasoline for much of the eastern seaboard and has been shutdown due to a hack of its back office software that sparked
NEW DELHI: Zinc prices on Wednesday rose 0.32 per cent to Rs 237.10 per kg in the futures trade on a firm spot demand. On the Multi Commodity Exchange, zinc contracts for the May delivery rose by 75 paise, or 0.32 per cent, to Rs 237.10 per kg in 2,324 lots. Analysts said fresh positions
Oil output from OPEC-10 and the nine non-OPEC producers joined the “output-cut” deal increased to 34.43M bpd in April, up from 34.26M bpd a month ago. The total compliance level slipped -0.2 ppt to 111%. Saudi Arabia’s voluntary cut of 1M bpd continued to contribute significantly to overall compliance. The compliance level would have dropped
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: OPEC on Tuesday stuck to its prediction of a strong recovery in world oil demand in 2021 as growth in China and the United States counters the coronavirus crisis in India, an outlook that bolsters the group’s plan to gradually ease output cuts. In a monthly report, the Organization of the Petroleum Exporting Countries
Tech led global equities selloff is a major theme today, spreading from Asia to Europe to the US. In the background, there seems to be heightened concerns on inflation over surging commodity prices. European indexes are all in deep red while NASDAQ future is down another -1.6%. The reactions in the currency markets are mild
The Nasdaq faces a key technical challenge today Invest in yourself. See our forex education hub. The drop yesterday already sees price fall to test its 100-day moving average (red line) and given how futures are pointing downwards by another 1.3% currently, it looks like the open is going to be an ugly one for
Thermal coal futures in China surged to a record high as a severe supply crunch overpowered the exchange’s effort to cool down the breakneck price rally. Prices have rallied 34 per cent so far this year as miners struggle to meet robust demand from the nation’s economic rebound. Safety and environmental inspections, mining accidents and
While US stocks hit another record high overnight, the path reversed with the three major indexes closing lower, with particular heavy selling in NASDAQ. Bearish sentiment continues in Asia session today, with Nikkei and Hong Kong HSI in deep red. Reactions in currency markets are mild, however, with commodity currencies just in shallow retreat. Yen