Oil slipped on Thursday after industry data showed a surprise increase in U.S. crude inventories that revived pandemic-related demand concerns, but United States stimulus hopes limited the price downturn. Brent crude futures fell 47 cents, or 0.8%, to $55.61 a barrel by 1030 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 43 cents, or
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The ECB left its powder dry in January. While continuing to warn of the downside risks on the Eurozone and global economy, the central bank delivered a hawkish tweak about operation of the Pandemic Emergency Purchase Program (PEPP). On the monetary policy measures, the central bank left the size of PEPP at 1850B euro and
USD/CAD down 25 pips to 1.2611 today CIBC expected USD/CAD to rise to 1.30 this quarter and 1.32 in Q2 in a note after the BOC decision: Markets were mulling over the possibility that the BoC would undertake a micro-cut of 10-15 bps in January with an eye towards dampening enthusiasm for further C$ appreciation.
NEW DELHI: Gold price on Thursday jumped Rs 575 to Rs 49,125 per 10 gm in the national capital amid firm global market trend, according to HDFC Securities. The precious metal had closed at Rs 48,550 per 10 gm in the previous trade. Silver also shot up by Rs 1,227 to Rs 66,699 per kg,
The January BOJ is non-eventful. Cautioning that risks to the economic outlook is tilted to the downside, the central bank announced to leave all its stimulus measures unchanged. In contrast to speculations, the central bank did not adjust the implicit trading band of the 10-year JGB yield. There is a minor tweak in economic assessment.
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Gold gained for the third day on Wednesday rising Rs 347 to Rs 48,758 per 10 gram in the national capital in line with rally in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 48,411 per 10 gram. Silver also witnessed buying as it
Euro weakens notably today as recovery momentum diminished quickly. Dollar is not gaining much, though, as commodity currencies trade broadly higher with new wave of buying. Australian Dollar is once again leading others. Canadian Dollar shrugs off weaker than expected inflation reading, and await BoC rate decision and the next move in oil price. In
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 and silver futures prices in the domestic market gained in the morning trade for on Wednesday following the trend in the international market, as hopes of a massive stimulus bolstered the prospects for precious metals. The dollar index eased further from a four-week high hit earlier in the week, while most US
Canadian Dollar is a main focus today with BoC rate decision featured. Recent strong risk-on markets haven’t given the Loonie much lift. It’s upside is somewhat capped as oil price turned into consolidation after last week’s spike. Also, traders turned cautious before BoC’s indication on the chance of a micro rate cut. Elsewhere, Dollar and
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 up on Tuesday as the dollar weakened ahead of U.S. Treasury Secretary nominee Janet Yellen’s speech later in the day, with prospects for more fiscal stimulus buoying bullion‘s appeal as an inflation hedge. Spot gold was up 0.2% to $1,840.56 per ounce at 9:25 a.m. EST (1425 GMT), recovering from its lowest since
Yen and Dollar remain the worst performing ones for today with markets generally in risk-on mode. Investors are awaiting US Treasury nominee Janet Yellen’s Senate hearing for more information on the her stance on fiscal stimulus and Dollar exchange rate. Though, buying focuses turned from commodity currencies to Euro and Swiss Franc. Australian Dollar is
What’s on the economic calendar today It’s a unusual day on the economic calendar. The US is back from holiday but the lone economic indicator is TIC flows, which aren’t a market mover. Earnings have been rolling out with Goldman Sachs easily beating estimates and rising 2% while Bank of America missed on revenue and
NEW DELHI: Gold futures prices in the domestic market continued its downward journey in the morning trade for another day on Tuesday bucking the trend in the international market, but the losses were limited as India sped up vaccine deployment. However, silver futures edged higher riding on a wave of news including upcoming stimulus packages
Asian markets are trading in strong risk-on mode today, with particular strength seen in Hong Kong. DOW future is also currently up 150 pts, as markets look forward to US Treasury nominee Janet Yellen’s confirmation hearing. Yen is back under heavy selling pressure, followed by Dollar and Swiss Franc. Australian Dollar is leading commodity 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