Forex news for Asia trading for Wednesday 24 February 2021 It was an active day in some of the major forex pairs here during the session, cable the stand-out mover with a 100+ point jump (and a solid size retracement after GBP/USD spiked to highs (briefly) above 1.4230 on the back of a drop in
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NEW DELHI: Gold and silver futures prices gained on Wednesday following the trend in the international market, as the US Federal Reserve reiterated its vow to support the economy. Federal Reserve Chair Jerome Powell in his testimony before the US Senate Banking Committee pushed back on suggestions that loose monetary policy risked unleashing inflation and
New Zealand Dollar rises broadly today after RBNZ stood pat and didn’t sound particularly concerned with the strong exchange rate. Though, Sterling remains the strongest one, continued to be supported by lockdown exit optimism. Other commodity currencies are also firm despite steady risk market sentiments. Yen and Swiss Franc are under general selling pressure, while
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
Mumbai: The Securities and Exchange Board of India (Sebi) said stock exchanges will have to impose pre-expiry margins on cash settled contracts wherein the underlying commodity is deemed susceptible to possibility of near zero or negative prices. The regulator said these margins will have to be levied five days ahead of the expiry date and
Sterling rises broadly today as UK Prime Minister Boris Johnson said he’s “hopeful” and “very optimistic ” to end pandemic restrictions on June 21, based on the “one-way road to freedom” roadmap unveiled yesterday. Canadian Dollar is Dollar is following as second strongest, with a little help from oil prices. Swiss Franc and Yen are
Forex news for Asia trading for Tuesday 23 February 2021 It was quite the mixed bag for FX here in Asia trade: AUD was strong early, popping to a fresh high (compared to it sovernight range higher) above 0.7930 before dropping back to be straddling 0.7910 as I post. News of a (very small) boost
Feb 23: Gold prices hovered near a one-week peak on Tuesday after gaining 1.5% in the previous session, as US Treasury yields retreated, lifting the appeal of the bullion. FUNDAMENTALS * Spot gold rose 0.1% to $1,809.57 per ounce by 0057 GMT, having hit its highest since Feb. 16 at $1,812.31 on Monday. U.S. gold
New Zealand Dollar opens the week higher after ratings upgrade by S&P. The Kiwi would now look into RBNZ’s comments on the economy and new economic projections featured later in that week. Elsewhere, overall risk-on sentiments continue to support commodity currencies and Sterling. On the other hand, Yen and Swiss Franc are trading generally lower,
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
By Devika Krishna Kumar and Laila Kearney NEW YORK: Shale oil producers in the southern United States could take at least two weeks to restart the more than 2 million barrels per day (bpd) of crude output that shut down because of cold weather, as frozen pipes and power supply interruptions slow their recovery, sources
Swiss Franc was a focus in earlier European session as it suffered brief but deep selloff. Though, it somewhat found some footing quickly, even though it’s still the second weakest for today so far. Yen is underperforming again on strong major global benchmark yields. Dollar and Canadian Dollar are the next weakest even though Euro
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: Wholesale prices of turmeric and coriander firm up due to a lower crop yield and increased demand in the domestic and export market, said companies and analysts. In the wholesale market, turmeric prices have increased by Rs 18-20 a kg to Rs 75 a kg and coriander by Rs 3-4 a kg to
The FOMC minutes for the January meeting revealed that policymakers were cautiously optimistic over the economic outlook. Meanwhile, it also dampened hopes of tapering. US dollar’s rebound has been driven by more upbeat economic data and rising yields. However, the Fed’s pledge to maintain an ultra accommodative policy should keep upside limited. The members acknowledged
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 demand in the metros has declined by 10-15 per cent in the last fortnight compared to the previous fortnight due to volatility in the prices of the yellow metal. Prices of gold have fallen by 4.67 per cent in the last fortnight from Rs 49,000 per 10 gm to Rs 46,700 per 10 gm
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -15.05 mmb to 1298.58 mmb in the week ended February 12. Crude oil inventory sank -7.26 mmb (consensus: -2.43 mmb) to 461.76 mmb. Stockpile decreased in 3 out of 5 PADDs. PADD 2 (Midwest)