Dollar remains firm after some Fed officials’ upbeat talks about the second half but buying appears to be slowing slightly in Asian session. Gold is also setting in range for now, reflecting some hesitation to push the greenback further higher. Yen and commodity currencies turned mixed, together with the stock markets. While US stocks closed
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Brent oil prices could rise to $65 per barrel by summer 2021, Goldman Sachs said on Monday, driven by output cuts in Saudi Arabia and the implications of a shift in power to the Democrats in the United States. The Wall Street investment bank had previously predicted oil would hit $65 by year-end. The Democrat-led
Dollar’s rebound extends further today and remains firm entering into US session. Yen is following as the second strongest. Markets are paring back recent strong risk-on sentiment, on concern of near term deterioration in coronavirus spread and lockdowns. Commodity currencies are generally weakest for now, as led by Australian Dollar. European majors are mixed, with
Daily thread to exchange ideas and to share your thoughts The dollar is leading the charge to start the new week as the latest pullback starts to pose some questions about a potential snap rally in the short-term for the dollar. Of note, USD/JPY is contesting its key trendline resistance from the middle of last year @
NEW DELHI: Gold and silver futures prices in the domestic market dipped further on Monday, following the massive fall in the previous session, as the US dollar firmed and economic conditions showed improvement. Most economic indicators are showing swift recovery in the economy. Moreover government finances are also strengthening, leading to fund flows away from
China’s inflation surprised to the upside in December. Thanks to food price, headline CPI improved to +0.2% y/y in December, compared to deflation of -0.5% a month ago. Food inflation rebounded to +1.2% y/y, after contracting -2% a month ago, as pork price deflation narrowed to -1.3% from November’s -12.5%. Inflation in fresh fruit accelerated
If there’s a bull case, this is it The US dollar held a steady bid from Wed-Fri after the Democrats won the Senate and it was the top performing currency after the result became clear. Could that mark the bottom for the nine-month bear market in the dollar? Or at least a sustained bounce? The
Gold prices fell Rs 614 to Rs 49,763 per 10 gram in the national capital on Friday, tracking a weak global trend, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 50,377 per 10 gram. Silver prices also plunged Rs 1,609 to Rs 67,518 per kilogram from Rs 69,127
US Secretary of State Mike Pompeo says the US has for many decades been self-imposing restrictions on how it interacts with Taiwan: “The United States government took these actions unilaterally, in an attempt to appease the Communist regime in Beijing “Today I am announcing that I am lifting all of these self-imposed restrictions” Mainland China
Gold slumped more than 4% on Friday and silver followed with a near 10% plunge as prospects for a smooth transition of power in Washington and a jump in U.S. Treasury yields hammered the precious complex. Spot gold fell as low as $1,828.36 and was last down 3.6% at $1,843.06 per ounce at 2:45 p.m.
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks fell -1.66 mmb to 1343.7 mmb in the week ended January 1. Crude oil inventory fell -8.01 mmb (consensus: -2.13 mmb) to 485.46 mmb. Stockpile decreased in ALL 5 PADDs. PADD 3 (Gulf Coast) alone
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 YORK: Crude oil prices hit their highest levels in nearly a year on Friday, gaining 8 per cent on the week, supported by Saudi Arabia‘s pledge to cut output and strong gains in major equity markets. Brent crude settled at $55.99 a barrel, climbing $1.61, or 3 per cent, on the day and 8.1
Global investors were all in risk seeking mode in the first full week of 2021. That came despite all the headlines of surges in coronavirus infection and death, return to strict lockdowns, chaos in Washington and Joe Biden’s certification as US President-Elect. Dollar didn’t perform too well but there was surprisingly no deep selloff neither.
Forex news for North American trade on January 8, 2020: Market: Gold down $67 to $1846 US 10-year note yield up 3.4 bps to 1.11% S&P 500 up 14 points to 3818 WTI crude oil up $1.56 to $52.39 USD leads, EUR lags If you look at the FX ticker, it doesn’t look like it
Oil prices hit 11-month highs and were on track for a weekly gain on Friday, supported by Saudi Arabia‘s pledge to cut output and a global stocks rally as investors looked beyond rising coronavirus cases. Brent crude climbed 88 cents, or 1.6%, to $55.26 a barrel by 1436 GMT, the highest since late February, and
Dollar appears to be turning weaker again after non-farm payroll report showed the first contraction since April. Euro is currently following as second weakest for the than, than Canadian, which was also weighed down by employment data. On the other hand, Sterling is starting to reverse some of this week’s losses while Swiss Franc also