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Forex news for North American trading on April 6, 2021 The dollar started the session as the strongest of the major currencies after being the weakest at the end of day yesterday. However, the move higher into the NY session found sellers early on and in the process is ending mixed but with a downward

LONDON: Hedge funds were small buyers of petroleum last week as managers repurchased some short positions after heavy selling and price falls the previous week. Money managers purchased the equivalent of 10 million barrels in the six most important futures and options contracts in the week to March 30. Previous bearish short positions were trimmed

Positive sentiment sent German DAX to new record high today, while US futures point to a firm open. Investors are becoming more optimistic on the upcoming recovery, as seen in Eurozone Sentix data. IMF also raised growth forecast of the whole world and all advanced economies. The movements in the forecast markets are mixed though.

Bloomberg reports, citing an internal memo from EU member states The memo states that Germany, France, Italy, and Spain will have sufficient vaccine supplies to immunise at least 57% of their total populations by the end of June – which is somewhat close to “near-virus immunity” within the respective countries. Invest in yourself. See our

NEW DELHI: Gold futures were trading with gains on Tuesday as a weaker dollar made bullion cheaper and more attractive for buyers outside the United States, while a pull-back in US Treasury yields provided further support. The dollar slumped to an almost two-week low versus a basket of rival currencies, while US Treasury yields also

The RBA left all its monetary policy measures unchanged in April. The cash rate target stays at 0.1%. correspondingly, the 3-year Australian Government Bond yield target (yield curve control) and the Term Funding Facility (TFF) interest rate also remain at 0.1%. The size QE purchases is kept at AUD100 until September. We notice a mildly

Forex news for North American trading on April 5, 2021. With yields lower in the US after the strong employment report last week, the moderate Dems on Capitol Hill shooting down Pres. Biden’s 28% corporate tax hike, and stocks higher with records in the Dow and S&P, the “risk on” flows headed out of the

NEW YORK: Oil fell more than $3 a barrel on Monday as rising supply from OPEC+ and higher Iranian output countered signs of a strong economic rebound in the United States. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed on Thursday to monthly production hikes from May to July. OPEC

Sterling rises together with commodity currencies today. Trading has been rather subdued with most markets closed. But activities should come back to life in US session. US futures point to sharply higher open with DOW likely to ride on the sentiment to extend recent record runs. Euro and Dollar are currently the weakest ones, followed

Big announcement to follow from Boris Johnson on Easter Monday As the vaccine rollout in the UK gathers pace, things are looking to return back to “normal” again and Boris Johnson will provide the public with a roadmap later today. Among the things he will be covering is the decision to proceed to Step 2

NEW DELHI: Gold futures were trading with marginal cuts on Monday buoyed by concerns over inflation after US President Joe Biden announced a $2 trillion-plus jobs plan last week, while a stronger dollar and elevated US Treasury yields limited bullion’s upside. Gold is seen as a hedge against rising inflation, but firmer Treasury yields, which

LONDON/DUBAI: OPEC+ will debate two key options for oil policies from May and beyond, including a rollover of existing cuts and a gradual increase of production, three OPEC+ sources said. The Organization of the Petroleum Exporting Countries (OPEC) and allied producers, a grouping known as OPEC+, are cutting output by a little more than 7

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

After beginning Calendar 2021 with a bang, the commodity market seems to have taken a breather after a decent rally. Gold and silver prices have eased 9-15 per cent from last year’s peaks on signs of economic recovery amid the Covid-19 vaccination drives, and moved in the ranges of $1,678-1,954 and $24-29 per ounce, respectively.

US jobs report is due at the bottom of the hour It’s non-farm payrolls Friday but it’s also Good Friday and that means most markets are closed. The jobs report will land in a thin market and if you’re trading it, beware of light liquidity and exaggerated moves. The consensus estimate is +650K and there’s

MUMBAI: India‘s gold imports in March surged 471% from a year earlier to a record 160 tonnes, a government source told Reuters on Thursday, as a reduction in import taxes and a correction in prices from record highs drew retail buyers and jewellers. Higher imports by the world’s second-biggest bullion consumer could support benchmark gold

Yen trades generally lower today following surging treasury yields and some firmness in stock markets. While it’s not yet a full risk-on market, sentiments are positive for now. Swiss Franc, Euro and Dollar also turn slightly softer. On the other hand, commodity currencies and Sterling are trading generally higher. Technically, the downside breakout in EUR/GBP

March 2021 non-farm payrolls highlights Prior was 379K Unemployment rate 6.0% vs 6.0% expected Prior unemployment rate 6.2% Participation rate 61.5% vs 61.5% expected (was 62.8% pre-pandemic) Prior participation rate 61.4% Underemployment rate 10.7% vs 11.1% prior Average hourly earnings -0.1% m/m vs +0.1% expected Average hourly earnings +4.2% y/y vs +4.5% expected Average weekly