Euro is under some pressure today after a heavy ECB official indicated the readiness to response to surging yields. But Swiss Franc is not too far behind. The forex markets are mixed elsewhere. Dollar is currently the stronger one, together with Aussie and Sterling. Meanwhile, Kiwi is the weaker commodity currencies. Canadian Dollar is mixed,
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This is still the key spot to watch in trading this week Treasuries are little changed in general, with European bonds also not really doing a whole lot so far as we get things underway on the session. 10-year Treasury yields are little changed at 1.413% while 10-year bund yields are flat at -0.34%. Despite
After the first red closing in the month of January since 2013, the market participants had a lot of expectations from the second month of 2021. However, the expectations were defied and prices retreated nearly 7%, carrying over a weak momentum into March. The metal has been hit by a stronger US dollar against a
As widely anticipated, the RBA left all monetary policy measures unchanged. As a summary, the cash rate target, the 3-year Australian Government Bond ‘Yield Curve Control’ (YCC) target and the Term Funding Facility (TFF) interest rate all stay at 0.1%. While acknowledging the upbeat economic developments, policymakers pledged to make further adjustments to its purchases
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 prices rose on Monday as a retreat in US Treasury yields helped to bolster its status as an inflation hedge after a US stimulus package moved one step closer to becoming law, but a firmer dollar limited bullion’s advance. Spot gold was up 0.1% at $1,735.90 per ounce by 11:35 a.m. ET (1635 GMT).
Swiss Franc is in deep selloff again today as risk sentiment further stabilized in the markets. European indices rebound broadly while US futures point to higher open. Global bond markets also turned mixed for now. Euro and Yen are following as next weakest. Meanwhile, Canadian Dollar is leading other commodity currencies higher. Dollar and Sterling
Latest data released by Markit – 1 March 2021 The preliminary release can be found here. This just reaffirms more modest output growth in the UK manufacturing sector as supply chain disruptions à la Brexit continue to temper with conditions to start the new year. Business optimism reflected a sharp improvement though, jumping to a 77-month
NEW DELHI: The series-XII of the sovereign gold bond (SGB) scheme 2020-21 opened for subscription on Monday. The issue comes at a time when gold prices have dropped sharply and are trading near Rs 46,000. Prospective bidders, who intend to subscribe to the scheme, can bid for a minimum of 1 gm of gold at
Commodity currencies and Sterling recover broadly as sentiments in Asian markets stabilized, after mixed economic data. In particular, Nikkei is trading up over 2% at the time of writing, with help from strong PMI manufacturing. On the other hand, Yen turn softer together with Swiss Franc, Dollar and Euro. But majority of major pairs and
Private survey (Caixin/Markit) manufacturing PMI due from China today. Official PMIs were out over the weekend: 2130 GMT Australia – AiG Manufacturing PMI for 2200 GMT Australia – Markit Manufacturing PMI for February (final) 2300 GMT Australia CoreLogic house prices for February 0000 GMT Australia – Melbourne Institute monthly CPI inflation for February prior 0.2%
NEW DELHI: Physical gold demand in India gained momentum this week as retail buyers and jewellers lapped up bullion at near eight-month low prices, while Singapore continued to see steady interest for both gold and silver. Gold futures in India were trading around Rs 46,000 per 10 grams, not far from the eight-month trough of
WSJ report The Biden administration will give the Commerce Department the ability to ban technology-related business transactions that it determines pose a national-security threat, part of an effort to secure US supply chains, according to the WSJ. This was a Trump administration rule that never went into effect. Companies who could be effected thought it
MELBOURNE: Oil prices fell on Friday as a collapse in bond prices led to gains in the U.S. dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to come back to the market. U.S. West Texas Intermediate (WTI) crude futures dropped 36 cents, or 0.6%, to $63.17 a
The RBNZ delivered a more upbeat statement at today meeting. While leaving the monetary policy measures unchanged and warned of the uneven economic recovery, the staff upgraded the economic projections significantly. Policymakers also introduced a new forward guidance which suggests that policy adjustment will only be made until the job market is very tight. Policymakers
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
Feb 26: Gold prices hit their lowest in a week on Friday and headed for a second straight weekly decline as higher U.S. Treasury yields sapped the appeal of non-yielding bullion. FUNDAMENTALS * Spot gold was steady at $1,770.15 per ounce by 0046 GMT, having earlier fallen to its lowest since Feb. 19 at $1,764.90.
Just after DOW hit new record high in the middle of last week, the rally was choked by skyrocketing treasury yields. Dollar surprisingly ended as the strongest one for the week, followed by Euro and then Sterling. Australian Dollar suffered most as it reversed some of the month’s gains. Swiss Franc and Yen were the