Forex news for North American trading on February 26, 2021: Markets: Gold down $40 to $1730 US 10-year yields down 12 bps to 1.40% WTI crude down $1.84 to $61.69 S&P 500 down 18 points to 3811 USD leads, AUD lags The reverberations from yesterday’s bond implosion left broader markets in a delicate state. Even
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Gold prices on Friday declined by Rs 342 to Rs 45,599 per 10 grams and silver plummeted by Rs 2,007 to Rs 67,419 per kg in the national capital, due to selling in the international market, according to HDFC Securities. The precious metal had closed at Rs 45,941 per 10 grams on Thursday. Silver plummeted
As DOW hit another record with strong rise overnight, team risk-on is extending the lead over team risk-off in the currency markets. New Zealand Dollar is having a mild upper hand over Australian, Canadian and Sterling for now. But the Loonie is trying to catch up with rising oil price. On the other hand, after
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 fell on Friday as bond price rout led to gains in the U.S. dollar while crude supply is expected to rise in response to prices climbing above pre-pandemic levels. Brent crude futures for April, which expire on Friday, fell 69 cents, or 1%, to $66.19 a barrel by 1442 GMT. The more
Even though treasury yields are retreating mildly today, stocks are staying in red in Europe and Asia. US futures point to a recovery but it’s unsure if the rebound could sustain before close. Investors are digesting comments from central bank officials regarding surging real long term rates and inflation. In particular, an ECB official noted
The equities selloff intensifies in Asian trading Nikkei -3.7% Hang Seng -3.1% Shanghai Composite -2.1% S&P 500 futures -0.5% Nasdaq futures -1.0% Dow futures -0.5% Russell 2000 futures -1.6% Asian equities are having their worst session since 23 March last year as the selloff continues. US futures are also slumping heavily as the drop yesterday
NEW DELHI: Gold futures prices gained slightly on Thursday, but the rise was limited as rising treasury yield forced money out of the bullion. Improving economic conditions also has not helped the cause. Inflation worries are now becoming real, after a record money printing by central banks across the world. Higher inflation boosts gold but
US stocks suffered steep selling overnight on sharp rally in treasury yields, and the selloff carried forward to Asian markets. Yen and Dollar ride on the turn in risk sentiments and rebounded, together with Dollar. Australian and New Zealand are in deep pull back, together with Sterling. Euro and Swiss Franc are mixed for the
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: Gold futures on Thursday slipped 0.32 per cent to Rs 46,371 per 10 gram as participants offloaded their holdings on a low spot demand. On the Multi Commodity Exchange, gold for the April delivery fell Rs 151, or 0.32 per cent, to Rs 46,371 per 10 grams in a business turnover of 13,350
Surging global yields remain the major focus today, with Germany 10-year bund yield hitting as high as -0.234, while UK 10-year gilt yield reaching as high as 0.818. Earlier in Asia, Japan 10-year JGB yield closed strongly at 0.152. US 10-year yield is also trading above 1.45. In the currency markets, Euro is trying to
Daily cases top 10,000 for the first time in seven days That sees total active cases increase slightly to ~119,000 as the overall virus situation looks to meet a bit of a peak in terms of improvement as of late. The 7-day incidence rate has also crept higher to 61.7 – topping the 61.0 reading
MUMBAI: The rupee depreciated 6 paise to 72.41 against the US dollar in opening trade on Thursday tracking weakness in Asian peers. At the interbank forex market, the domestic unit opened at 72.35 against the US dollar, then lost further ground and touched 72.41, registering a fall of 6 paise over its previous close. On
After breaking above US$ 60/bbl, both crude oil benchmarks strengthened further despite surprising stockbuild in the US. The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -13.81 mmb to 1284.77 mmb in the week ended February 19. Crude oil inventory added +1.29 mmb
Forex news from the European trading session – 24 February 2021 Headlines: Markets: NZD leads, JPY lags on the day European equities higher; E-minis up 0.4% US 10-year yields up 3.2 bps to 1.374% Gold up 0.1% to $1,807.51 WTI up 1.0% to $62.26 Bitcoin up 6.2% to $50,922 It was a largely quiet session
NEW DELHI: Gold prices on Wednesday fell Rs 148 to Rs 46,307 per 10 grams in the national capital, due to overnight selling in global prices and rupee appreciation, according to HDFC Securities. The precious metal had closed at Rs 46,455 per 10 grams in the previous session. Silver also declined Rs 886 to Rs
Selling focus appears to be turning to Yen as markets enter into US session. Swiss Franc remains weak but the decline is slowing slightly. Dollar and Euro are also soft, but both are supported by buying against Yen and Franc. On the other hand, commodity currencies remain the strongest ones for today as led by