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
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LONDON: Oil prices were mixed on Wednesday, underpinned by a major supply disruption in the southern United States this week where a winter storm hit Texas, but pressured by reports that Saudi Arabia plans to increase output in the coming months. Benchmark Brent crude gained 13 cents, or 0.2%, to $63.48 a barrel at 1442
Dollar’s rebound gains much momentum in early US session with a little help from much stronger than expected retail sales data. Canadian Dollar is following as second strongest for today, riding on rally resumption in oil prices. On the other hand, Euro is suffering some steep selling together with Swiss Franc, and Sterling. Yen is
Latest data released by ONS – 17 February 2021 Prior +0.6% Core CPI +1.4% vs +1.3% y/y expected Prior +1.4% Slight delay in the release by the source. UK core inflation kept steady to start the year after the bump in December, though much like everywhere else, it is going to be hard to look
NEW DELHI: Gold futures prices traded with cuts on Wednesday following the trend in the international market, thanks to rise in the bond yield while silver futures continued to gain on industrial demand. Benchmark US Treasury yields gained more than 1.3 per cent to their highest since February 2020. Higher bond yields increase the opportunity
The strong rally in US treasury yield overnight pushed Dollar notably higher. The greenback is indeed the second strongest one for the week, just next to Sterling. Canadian Dollar is following closely with support by resilience in oil prices. ON the other hand, overall risk-on sentiment is keeping Yen under heavy selling pressured. Other currencies,
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: prices hovered near 13-month highs on Tuesday, supported by a U.S. cold snap that shut wells in the oil-producing state of Texas, though gains were capped by a Norwegian wage deal that averted supply disruptions in Europe. The global rollout of coronavirus vaccinations, fuelling expectations of a recovery in the global economy and oil
Dollar is striking back today with some help from surging US yields. At the time of writing, 10-year yield is trading above 1.25 handle. Additionally, much stronger than expected manufacturing is support the greenback too. While European stocks are treading water, US futures point to higher open. Yen is now the worst performing one, followed
EURCHF buying The EURCHF has been remarkably weak over the last few weeks Evan as the reflation trade has been expected. One of the reasons for that is certainly the fact that the euro has been weak on expectations of a double dip recession. The odd comment from the ECB that it can further reduce
NEW DELHI: Gold and silver futures prices traded with gains on Tuesday following the trend in the international market, thanks to easing dollar. Hopes of a stimulus also lifted the appeal for gold. The dollar eased against rivals, making gold more affordable. However, benchmark US Treasury yields rose to their highest levels since March, which
Strengthening against US dollar for 8 consecutive months, Renminbi (Chinese yuan) has accumulated gains of about 10% since June 2020. We believe the rally is overextended as China’s economic recovery has shown signs of losing steam while yield differential between US and China has narrowed over the past few months. Recovery in China is losing
Minutes of the Reserve Bank of Australia February monetary policy board meeting will be published at 0030 GMT. In a sentence to summarise the meeting outcome: More details at that link and there will be more detail again today from the minutes. BTW, the expansion of the QE program was not an unexpected development. What
LONDON: Oil prices soared on Monday to their highest in about 13 months as vaccine rollouts promised to revive demand and producers kept supply reined in. Brent crude was up 88 cents, or 1.4%, at $63.31 a barrel at 1320 GMT, after climbing to a session high of $63.76, the highest since Jan. 22, 2020.
Strong risk-on sentiments continue today even though US and China are on holiday. Dollar and Yen are both suffering heavy selling pressure, more so the latter. Sterling is leading the way up as Prime Minister Boris Johnson promised to detail his roadmap for lockdown exit on February 22. Canadian Dollar finally reacts to the strong
A survey by Tokyo Shoko Research reveals that Japanese firms are not keen on the Olympics taking place this year The survey polled over 11,000 firms from 1-8 February and showed that 56.0% of firms feel Japan should cancel or postpone the Olympics. In comparison, that is up from 53.6% from a similar poll conducted
NEW DELHI: Gold and silver futures prices traded with gains on Monday bucking the international trend, however rise in the yellow metal was limited. Benchmark US Treasury yields rose to their highest levels since March on Friday, while inflation expectations edged up to a six-year high. Higher inflation boosts gold but also lifts Treasury yields,
Yen and Dollar are under selling pressure today on strong risk-on markets. Nikkei closed above 30k handle for the first time in 30 years, as lifted by stronger than expected GDP data. Swiss Franc is following closely as third weakest. Sterling, is currently the best performer, on optimism of return to normal with vaccine rollouts.