US COVID-19 economic relief deal, negotiations continue – where we are at Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT The contents of the package under discussion are expected to include: direct checks in the order of $600 – $700 to individuals $300 a week in enhanced unemployment insurance
News
Dec 17: Gold prices steadied near a one-week high on Thursday, as investors cheered progress on a U.S. fiscal stimulus deal, while the Federal Reserve‘s pledge to keep rates low until an economic recovery is secure added to the support. FUNDAMENTALS * Spot gold was little changed at $1,864.36 per ounce by 0051 GMT, trading
Dollar trade with a generally soft tone today, with strong risk-on markets in the background. But overall, most major pairs and crosses are bounded inside last week’s range. The economic calendar is extremely busy for the rest for the week. But there are still a couple of things to resolve, or the data would only
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 on Wednesday ahead of the US FOMC meet outcome, which is expected to be in favour of economic growth. The US Federal Reserve is expected to keep interest rates pinned near zero and to signal where rates are headed in the coming years
Sterling and Euro rise broadly today and maintain gains in early US session. Progress in Brexit trade negotiations and stronger than expected PMIs lift both currencies as well as their respective stock markets. Canadian Dollar is currently the worst performing one for today, apparently reacting to BoC’s jawboning. Risk-on markets keep Dollar under pressure. Focus
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 on Tuesday as the US lawmakers indicated towards an economic stimulus that may come as soon as this week, making bullion attractive. Leaders of both parties in the United States appeared more upbeat over a pandemic relief aid bill likely to be attached
The latest set of economic data indicates economic recovery in China continued. Growth in industrial production improved slightly, while manufacturing investment accelerated, thanks to strong exports growth. Retail sales growth accelerated, suggesting internal circulation has taken effect. Industrial production expanded +7% y/y in November, inline with expectations and up +0.1 ppt from a month ago.
Canada manufacturing sales for October 0.3% vs. a 0.6% estimate Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT Canada manufacturing sales for October 2020 prior month 1.5% revised higher to 2.2% total inventories fell -0.4%. The inventory sales ratio moved to 1.6 from 1.61 last month unfilled orders were down
NEW DELHI: Metal and energy counters on MCX traded mixed on Wednesday. At the same time, most agri commodities were trading with gains as the US said it was preparing a stimulus package. Gold was up 0.59 per cent while silver rose 0.90 per cent. Barring nickel and zinc, all base metal counters were trading
The forex markets are relatively mixed today. Sterling is generally higher but it’s capped by conflicting messages regarding Brexit trade negotiations. Canadian Dollar is currently second strongest, with help from mild strength in oil price. On the other hand, New Zealand Dollar is the worst performing, followed by Euro and Swiss France. Dollar is mixed,
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
SINGAPORE: Oil prices rose on Monday, pushing Brent back above $50 a barrel, buoyed by hopes that a rollout of coronavirus vaccines will lift global fuel demand, while an extension of Brexit talks eased jitters on that front for now. Brent crude futures for February rose 8 cents, or 0.2%, to $50.05 a barrel by
The global markets are quickly back in risk-on mode today. DOW future is back above 30k handle, as coronavirus vaccine rollout began. There seems to be some progress in the US Congress for fresh fiscal stimulus too. Dollar is under broad based selling pressure, followed by Canadian and Yen for the moment. On the other
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 slipped on Monday as the US started getting its first shipment of Covid-19 vaccines, lifting the spirit of investors who moved towards riskier assets. The first shipments of Covid-19 vaccine began on Sunday, after a U.S. regulator approved Pfizer Inc and BioNTech SE’s vaccine.
Sterling opens broadly higher as Brexit trade negotiation is extending through the Sunday deadline. The Pound is taking Euro and Swiss Franc slightly higher today. Nevertheless, it should be noted that no important resistance level is broken by Sterling. Traders are just lighting their shorts. Markets are rather mixed elsewhere, with weakness seen in Dollar.