US monthly budget deficit for November 2020 US monthly budget deficit for November 2020 came in at $-145.5 billion vs. an estimate of $-198.5 billion November 2019 deficit came in at $-209 billion US fiscal 2021 year-to-date deficit -429 billion vs. 343 billion in fiscal 2020 budget outlays came in at $365 billion vs. $434
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Oil surged above $50 a barrel on Thursday for the first time since early March as hopes of a faster demand recovery after the release of COVID-19 vaccines offset a huge rise in U.S. crude inventories that showed there was still ample supply available. Britain began vaccinations this week and they could start as soon
Dollar falls broadly in early US session after much worse than expected jobless claims data, confirming the impact of the current wave of coronavirus pandemic. Yen is not far behind for now as second weakest. But Sterling is also facing some selling pressure on Brexit impasse. Commodity currencies are currently the strongest ones, as led
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 futures were trading almost flat while silver futures rose marginally in Thursday’ s session even as there remains concerns over Brexit and the US stimulus package. In the US, Congress continued talks on additional economic stimulus, with House lawmakers voting to pass a one-week stopgap funding bill to give more time for
Sterling softened again after the Brussels meeting ended with nothing more than comments that UK and EU are still far apart. Yet, traders are still holding their bets for now. Yen and Dollar also shrug off the deep pull back in US stocks overnight. Some fresh selling is seen in Asian session today. 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
Oil prices climbed on Wednesday as news about COVID-19 vaccines lifted investor hopes for a recovery in fuel demand and the U.S. dollar, in which oil is traded, reached 2 1/2-year lows. Brent crude rose 51 cents, or 1%, to $49.35 a barrel by 1405 GMT. U.S. West Texas Intermediate (WTI) crude CLc1> climbed 51
Sterling rebounds strongly today on hope that the physical meeting between the leaders of UK and EU would yield some positive progress on post Brexit trade talks. Yet, traders are not too committed on the bullish side yet, after Prime Minister Boris Johnson reiterated his hard-line stance. Australian Dollar is currently the stronger on ,
Daily thread to exchange ideas and to share your thoughts The dollar and yen are the weakest performers on the day as we see a bit more of a risk-on tilt in the market ahead of European trading. US stimulus hopes taking a bit of a knock is failing to dent the risk mood and I guess
NEW DELHI: Gold and silver futures prices in the domestic market slipped on Wednesday due to profit booking following a sharp jump even as there was some progress in US stimulus talks. The Trump administration on Tuesday proposed a package worth $916 billion including liability protections and state and local government aid, which leading Democrat
Dollar and Yen are back under some selling pressure today, as markets seem to be returning to risk-on mode. NASDAQ hit another record high overnight, and Asian markets are generally trading in black. The greenback’s weakness is also seen as it’s vulnerable to breaking a key psychological level against the Chinese Yuan. Australian and New
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
Pune: The price of chana dal and tur are falling, raising concerns that they would trade below the minimum support price (MSP). NCDEX chana futures for March delivery, at Rs 46/kg, have fallen below the MSP of Rs 51/kg. Chana dal, which was selling at Rs 72/kg, is now selling at Rs 60/kg. The March
Trading in the forex markets is rather subdued today. Major pairs and crosses are staying inside yesterday’s range for now. Dollar and Yen turn softer. Sterling is in a weak recovery, but lacks follow through buying. It’s too hard for traders to commit to a bet on a trade deal between UK and EU, or
Daily thread to exchange ideas and to share your thoughts Major currencies are little changed for the most part as the same old themes from last week continue to play out. The dollar remains in a vulnerable spot, as the slight pullback yesterday fizzled towards the latter stages of the day. Instead, the pound is stealing the
NEW DELHI: Metal and energy counters on MCX traded mixed on Monday. At the same time, all agri commodities were trading with cuts as the US and Japan prepared stimulus packages. Gold was up 0.35 per cent while silver dipped 0.09 per cent. Barring nickel that rose 0.33 per cent, all base metal counters were
After the adjustment in asset purchases in October, we expect BOC to keep the powder dry this week, at its last meeting in the year. Policymakers will caution about the rising number of coronavirus cases and economic impacts of tighter restrictive measures, while noting positive news about vaccine. The central bank will reiterate that accommodative