BBC political correspondent, Nick Eardley, reports in a tweet NEW: Chancellor set to extend furlough until March, sources have told the BBC. Details just after midday – not clear if it will mean full 80 per cent. For bank trade ideas, check out eFX Plus Well, Sunak will be addressing parliament soon – scheduled to
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New Delhi: Nickel prices on Thursday rose by 0.19 per cent to Rs 1,159 per kg in futures trade as speculators built fresh positions on rising demand from alloy makers in spot market. On the Multi Commodity Exchange, nickel contracts for December delivery gained Rs 2.20, or 0.19 per cent, to Rs 1,159 per kg
While leaving the Bank rate unchanged at 0.1%, BOE raised the size of asset purchases (QE) by +135B pound to 875 pound. Both decisions were made unanimously. The expansion came in larger than we had anticipated. The staff also revised lower GDP growth outlook, now expecting the economy to return to pre-virus levels in early
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New Delhi: Aluminium prices on Wednesday softened by 0.86 per cent to Rs 154.90 per kg in futures trade as speculators cut bets amid subdued demand in spot market. On the Multi Commodity Exchange, aluminium for delivery in October contracts eased by Rs 1.35, or 0.86 per cent, to Rs 154.90 per kg in a
Volatility continues today as US Presidential election vote counts are released. The final results are unknown at this point, narrowed down the results of just a few states. At the time of writing, Yen is the stronger one, followed by Swiss Franc. Sterling and Kiwi are the weaker ones. In other markets, European indices are
The shift in Wisconsin is changing the narrative Smarkets have now pared Trump’s odds of winning to even i.e. 50%, after having it around 71% from about an hour ago. Elsewhere, Betfair is now seeing odds of a Biden win at 8/11 after having Trump as favourite at 2/5 earlier. Meanwhile, the market is still
New Delhi: Guar seed prices on Wednesday rose by Rs 3 to Rs 4,265 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend in spot market. On the National Commodity and Derivatives Exchange, guar seed for November contracts increased by Rs 3, or 0.07 per cent, to Rs
Much volatility was seen in the financial markets in the past 24-hours, as traders were pre-trading US elections results. At the time of writing, the race between Donald Trump and Joe Biden is very tight, totally different from the picture portraited by most main steam media. Overall picture in the forex market is very mixed
Welcome to Wednesday 4 November 2020 in Asia. It is reasonable not to place to much store on early election results incoming from the US: Also, if you watched my presentation at the ForexLive TradeOn summit a couple of months back you’ll see real-time examples of institutional market-making FX in action today. You can expect
KOLKATA: Multi Commodity Exchange of India (MCX) has invited proposals from technology companies to set up an advanced commodity derivatives platform for trading and clearing services, as its contract with 63 Moons will expire in September 2022, said a senior MCX executive. MCX plans to launch spot exchange in metals in less than a year,
Global stocks surge sharply as investors seem to be very optimistic on the result out of US elections. Major European indices are currently up around 2% while DOW future is up 400 pts. Dollar is sold off sharply, together with Yen and Swiss Franc. Australian Dollar left RBA’s rate cut behind and lead the chart
The greenback is losing some ground to start the day The dollar is down to session lows across the board, alongside the yen as we see a more “risk-on” push in European morning trade. Stocks are posting firm gains while Treasuries are offered, and that is keeping the greenback lower as well. EUR/USD is up
NEW DELHI: Metal and energy counters traded mixed on MCX on Tuesday. At the same time, most agri commodities were trading with gains ahead of the US Presidential election scheduled on November 3. Gold was down 0.31 per cent while silver fell 0.11 per cent. Barring aluminium that dipped 0.23 per cent, all base metals
As expected, RBA announced further monetary easing at today’s meeting. RBA cut the cash rate to 0.1%, from 0.25% previously. Similarly, the target for the yield on the 3-year government bond yield and the interest rate on new drawings under the Term Funding Facility were also lowered to 0.1%. Meanwhile, the central bank also cut
Final polls rolling in IBD/TIPP and Rasmussen were two of the pollsters who correctly predicted a Trump upset four years ago. This time, it’s a different story. Rasmussen today is out with its final poll for the election and it shows Biden +1 nationally. Of course that’s within the striking distance of Trump winning the
By Tapan PatelCommodity prices continued to trade mixed on Monday. Bullion prices extended strength at the start of the week after witnessing recovery in last trading session. Crude oil futures continued to witness downside on weak fundamentals while base metals kept in a steady trading range supported by positive Chinese data. The dollar index was
Commodity currencies are taking control into US session with help from rebound in European indices. DOW future is also currently up around 450 pts. Canadian Dollar came out of the shadow of steep decline in oil prices, leading Aussie and Kiwi. At the time of writing, Sterling is the weaker one, but there was no