Dollar rises further in early US session after much stronger than expected non-farm payroll report. 10-year yield also surges and it’s now back above 1.6 handle. The greenback in currently the second strongest for the week, only overwhelmed by the oil supported Canadian Dollar. While Swiss Franc and Yen are trying to recover against others,
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Equities stay on the defensive even as bonds are seen calmer so far today European equities are keeping lower with the DAX down 0.8%, with US futures also hinting at softer tones following yesterday’s selloff. Dip buyers were a little interested at the tail-end of Asian trading but the mood has turned since with S&P
NEW DELHI: Gold and silver futures fell in Friday’s trade, tracking global gold prices that fell to a nine-month low, after The US Fed Chair Jerome Powell failed to soothe the bond market, pushing the dollar higher. Gold futures for April delivery fell 0.3 per cent to Rs 44,500 per 10 grams. Silver futures for
Fed Chair Jerome Powell’s lack of concrete hint on action against rising nominal rates sent treasury yield higher, and stocks lower overnight. Dollar rode on risk aversion and jumped sharply higher. Nevertheless, the greenback’s rally was concentrated against Euro, Swiss Franc and Yen only. Sterling, Canadian, and Australian are indeed still rather resilient. In particular,
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: To facilitate development of the bullion market in India, International Financial Services Centres Authority (IFSCA) on Thursday issued enabling framework for banking units in IFSC. The enabling framework will help generate interest in trading and hedging activities, and serve as a precursor to International Bullion Exchange(IBE), IFSCA said in a statement. The first
Selloff in Swiss Franc and Yen is the main focus today. But the forex markets are mixed elsewhere. Commodity currencies are mildly firmer as led by Aussie, but major pairs are just bounded in very tight range at the time of writing. Euro, Sterling and Dollar are mixed for the moment. But the picture could
Forex news from the European trading session – 4 March 2021 Headlines: Markets: CAD leads, CHF lags on the day European equities lower; E-minis down 0.5% US 10-year yields down 0.9 bps to 1.472% Gold up 0.2% to $1,715.10 WTI down 0.6% to $60.90 Bitcoin down 3.0% to $49,399 The market is looking tentative and
PUNE: The Indian government today announced import quota of 4 lakh tonnes for urad for 2021-22 as local prices of whole urad (black matpe) have been rising. There are concerns about supplies from Myanmar, main source of urad imports, due to a military coup in that country. In a notification issued today, the government has
Huge volatility continues in stock markets as Asian indices dive following the selloff in US overnight. But movements in exchange rates are relatively subdued, and mixed. Swiss Franc, Yen and Euro are currently the weaker ones for the week, followed by Dollar. Australian Dollar is leading other commodity currencies and Sterling as the strongest. However,
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 more than 2% on Wednesday, boosted by a huge drop in US fuel inventories and expectations that OPEC+ producers might decide against increasing output when they meet this week. US gasoline stocks fell last week by the most on record and refining output fell to a record low in the
Dollar recovers in early US session as sluggish ADP job growth drags down stock futures. Additionally, treasury yields are having a mild rebound. At this point, Sterling is following as the strongest followed the day, then Canadian. New Zealand Dollar is leading Australian Lower, followed by Swiss Franc and Yen. Eyes will now be on
There’s a feeling the bond market wants to extend the selloff from last week but it hasn’t gotten the nod just yet After having threatened to take action with PEPP and offering some strong remarks in recent days, the earlier report on the ECB suggests that such efforts are where they will draw the line
NEW DELHI: Gold futures on Wednesday fell by 0.58 per cent to Rs 45,284 per 10 gram as participants offloaded their holdings on a low spot demand. On the Multi Commodity Exchange, gold prices for April delivery slipped by Rs 264, or 0.58 per cent, to Rs 45,284 per 10 gram in a business turnover
The markets are relatively mixed so far. Dollar’s rally attempt was brought to a halt overnight while Euro and Swiss Franc recovered. Commodity currencies also recovered, as led by Aussie, with support from better than expected GDP data. Yet, major pairs and crosses are kept in tight range. In other markets, Asian stocks rises broadly
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
Gold edged lower on Tuesday, having touched a more than eight-month trough earlier in the session, as a buoyant dollar threatened to overshadow support from a slight retreat in US Treasury yields and equity markets. Spot gold was down 0.1% at $1,720.96 per ounce by 1542 GMT, after falling to $1,706.70, its lowest since June