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
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Gold prices fell on Monday on overall optimism over this week’s coronavirus vaccine rollout in Britain and as the dollar bounced off a multi-year low. Spot gold prices were 0.3% lower at $1,832.30 per ounce by 1027 GMT, while U.S. gold futures were down 0.2% at $1,836.10. “The European session is focused on the Brexit
Sterling is heavily sold off today as risk of no-deal Brexit is increasing with no major breakthrough in the never-ending negotiations. It’s even unsure if talks will be concluded today, or continues till Wednesday. An European Commission spokesman even refused to “speculate on a last chance date” for the negotiations. Australian Dollar is following as
Forex news for Asia-Pac trading on Dec 7, 2020: Markets: Australian 10-year yields up 3.5 bps to 1.03% Gold flat at $1836 WTI crude down 21-cents to $46.05 Nikkei 225 down 0.6% JPY leads, NZD lags Those hoping for a Brexit breakthrough on the weekend were left disappointed and GBP/USD gapped lower to start the
NEW DELHI: Gold and silver futures prices in the domestic market were mixed as stimulus talks gathering momentum lifted demand for gold while vaccine approvals kept the price rise in check. Talks aimed at reaching a fresh coronavirus relief package gathered momentum in the U.S. Congress on Friday, as a bipartisan group of lawmakers worked
The forex markets are quiet in a typical Asian session on Monday. Yen and Swiss Franc are trading slightly higher as Asian stocks pull back from recent rally. While exports number from China look strong, imports growth clearly lagged behind. Sterling is currently the weaker one as Brexit negotiations are still carrying on, and running
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
By Julian Lee A little over a week ago I wrote that oil producers need a mechanism allowing them to respond quickly to changes in the oil market that could be both big and fast. I’m pleased to see that’s what they’ve tried to create, even if it isn’t quite what I had in mind.
Given the strong hint in the October meeting, the ECB is prone to add monetary easing measures at Thursday’s meeting. We expect to see increase in the size of PEPP and adjustment of TLTRO. As the policy rates have been staying in the negative territory for years, it is unlikely to see further rate cut
Bank of Canada and ECB rate decisions. US inflation data Next week is a relatively quiet week from an event and major economic releases standpoint. Of course Brexit negotiations have the potential to jolt the market. Interest rate decision that of Canada and the ECB will be eyed for changes of sentiment. Monday, December 7 RBA
By Andres Guerra Luz A battle for oil market share in Asia may be coming to a head as the world’s largest crude producers prepare for peak demand, according to some analysts. Strong demand out of Asia has provided one of the few bright spots for an otherwise dreary 2020 for oil consumption as governments
OPEC+ finally reached an output cut deal, agreeing to increase production by +0.5M bpd from January 2021. The outcome was slightly surprising as the market had anticiapted an extension of output cut fro three months until March 2021. We believe the decision was a compromise among producers of conflicting interests. The alliance agreed to lower
CFTC commitments of traders: EUR longs remain the largest speculative trader position Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT Weekly FX positioning data for the week ending December 1, 2020 EUR long 140K vs 138K long last week. Longs increased by 2K GBP short 8K vs 17K short
A concrete foundation or good learning is a must before branching out to any field in order to make a such venture successful — be it in business or in building a financial portfolio. For proper portfolio diversification, one should try and invest a part of the money in commodities, as this asset class tends
Selloff in the Dollar was the main theme in the currency markets last week. With the arrival of coronavirus vaccines, the global economy looks set to return to normal next year, despite some cautious comments from central bankers. Yen might look worst than Dollar but it is indeed still holding above near term support against
Forex news for North American trading on December 4, 2020 In most years, if a US jobs report can in worse than expectations by 215K jobs, you might expects stocks to move lower, yields to move lower. the USD to move lower. Today, NFP came in at 245K vs 460K estimate and stocks rallied and
Oil prices jumped around 2% on Friday, heading for a fifth week of gains, as major producers agreed on a compromise to continue some cuts to production to cope with coronavirus-hit demand even though these fell short of expectations. Brent was up 93 cents, or 1.9%, at $49.64 a barrel by 0748 GMT after gaining
Canadian Dollar is given another boost in early US session after stronger than expected job data. In the background, the Loonie has already risen following higher oil prices. Dollar, on the other hand, has little reaction to much worse than expected non-farm payroll report. For the week, Dollar and Yen remain the worst performing one.