New Delhi: Gold imports, which have a bearing on the current account deficit, fell 40 per cent to $12.3 billion during April-November due to fall in demand in the wake of the COVID-19 pandemic, according to data from the commerce ministry. Imports of the yellow metal stood at $20.6 billion in the corresponding period of
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Dollar’s broad based down trend resumption was a major theme last week. Though, Canadian Dollar was the worst performing one, as it digested recent oil price supported rally. Overall risk appetite, with NASDAQ extending record run, kept Yen and Swiss Franc soft too. As Brexit trade negotiations went into an extra mile, Sterling reversed some
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
When you start trading from a retail perspective it is a bit like entering a profession as an amateur. So, for example, imagine starting life out as a practising lawyer, but before taking a law degree. Or how about starting as doctor, but before you attended medical school. Now, if you follow that analogy, starting
Guar gum prices on Friday fell Rs 151 to Rs 6,144 per five quintal in futures market as traders offloaded their holdings in line with weak trend at spot market. On the National Commodity and Derivatives Exchange, guar gum for December delivery fell by Rs 151, or 2.4 per cent, to Rs 6,144 per five
Dollar’s decline continues in Asian session today, with mild risk-on markets in the background. FOMC rate decision overnight triggered little reactions in the markets, and the greenback holds on to the near term trajectory. Sterling is currently the strongest one, awaiting BoE rate decision, and more news regarding Brexit trade talks. New Zealand Dollar is
Forex news for North American trading on December 18, 2020 The day (and week for that matter) started with hopes for deals. One was for a Brexit deal out of the EU/UK. The second was a deal out of US lawmakers for a Covid stimulus deal. Both did not happen with negotiations continuing into the weekend.
Cottonseed oil cake prices on Friday increased by Rs 10 to Rs 2,041 per quintal in futures trade as speculators created fresh positions driven by firm spot demand. On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in December traded up by Rs 10, or 0.49 per cent, to Rs 2,041 per
Dollar recovers broadly today as markets turn into consolidative mode. The greenback pars back some of f the previous selloffs. but remains the worst performing one for the week. Canadian Dollar and Swiss Franc follow as the next weakest. On the other hand, Sterling and Aussie turn a bit softer, but remain the best weekly
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 prices rose marginally by Rs 21 to Rs 49,644 per 10 gram in the national capital on Friday, reflecting overnight gains in the international market, according to HDFC Securities. The precious metal had closed at Rs 49,623 per 10 gram in the previous trade. Silver prices, on the other hand, declined Rs 259 to
Trading in the financial markets are rather subdued today, pretty much in pre-holiday mood. Dollar is still in recovery mode but upside momentum has been very weak. The greenback is set to end as the worst performing one, followed by Canadian and then Swiss Franc. On the other hand, Sterling is also paring some gains,
Forex news for Asia trading for Friday 18 December 2020 The Bank of Japan concluded its final monetary policy meting for 2020 today with an ‘as expected’ announcement of no changes to the major planks of monetary easing policy but an extension of funding support program to firms (via banks) that was introduced earlier this
MELBOURNE: Oil prices eased on Friday but stayed within touching distance of nine-month highs hit overnight as soaring COVID-19 cases weigh on fuel demand and U.S. lawmakers continue to battle over a $900 billion economic stimulus package. U.S. West Texas Intermediate (WTI) crude futures slipped 7 cents or 0.1%, to $48.29 a barrel at 0218
BOE left the Bank rate unchanged at 0.1% and the asset purchase program at 875B pound. The central bank remained cautious about the “unusually uncertain” economic outlook and pledged to take “whatever additional action is necessary” if the outlook for inflation weakens. Despite forecasts that GDP growth in December would come in weaker than November’s
What you need to succeed, from LegacyFX When entering forex, proper training is paramount. Relying solely on intuition is not sufficient to help one succeed in this field. Analysis and proper manipulation of the market are required before one begins practicing in it. Trying to trade in forex without learning the system first is equivalent
Oil climbed to a nine-month high on Thursday after government data showed a fall in U.S. crude stockpiles last week, while progress towards a U.S. fiscal stimulus deal and strong Asian demand also buoyed prices. The U.S. dollar also set a 2-1/2-year low against major rivals on Thursday. Oil prices generally rise when the dollar
Dollar’s selloff intensifies further today, after worse than expected job data. Also, markets are generally on risk-on mode, as traders are optimistic that stimulus deal could be reached in the Congress soon. Swiss France is currently the next weakest, having little reactions to SNB rate decision. Australian and New Zealand Dollars are taking turns to