Monday is always a ‘low’ figure though And so ‘lockdown light’ begins in Germany with revamped lockdowns also having kicked into effect in the likes of France and the UK through to the end of the month. All of this will no doubt have a major impact on their respective economies but it also worsens
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Gold edged lower on Monday weighed down by a stronger dollar, while investors awaited the outcome of Tuesday’s hotly contested U.S presidential election. FUNDAMENTALS Spot gold fell 0.2% to $1,873.87 per ounce by 0047 GMT. U.S. gold futures were down 0.3% at $1,875.00 per ounce. The dollar index was 0.1% higher against a basket of
Dollar and Yen strengthen in general in Asian session today even though risk sentiments are not bad, as seen in rally in major indices. Solid data from China was enough to offset the pessimism over lockdowns in Europe, and the steep decline in oil prices. Sterling is currently the weakest one, followed by Aussie and
As COVID-19 cases in the UK accelerate higher Prime Minister Johnson will soon announce another shutdown. The measures will take effect from Thursday after a vote in the Commons on Wednesday. The main points, these via various UK media outlets with the info: pubs and restaurants to close – takeaway and delivery only non-essential retail
New Delhi: Gold in the national capital rose Rs 268 to Rs 50,812 per 10 grams on Friday following recovery in international prices of precious metal, according to HDFC Securities. The metal had closed at Rs 50,544 per 10 gram in the previous trade. Silver also witnessed increased buying as it gained Rs 1,623 to
According to the CFTC Commitments of Traders report for the week ended October 27, NET LENGTH for crude oil futures declined -18 258 contracts to 472 090 for the week. Speculative long position dropped -4 919 contracts, while shorts soared +13 339 contracts. The front-month WTI crude oil contract plunged over -4% during the reporting
UK Prime Minister Johnson has announced the new COVID-19 related lock down. In brief details of the new measures are here: The wage furlough scheme is to continue for workers temporarily laid off it was set to expire on Saturday workers will receive 80% of their pay UK Treasury has also announced some measures aimed
BENGALURU/MUMBAI: Healthy sales during a recent festival encouraged Indian jewellers to continue stocking up this week, while more supply started to make its way into Singapore and Hong Kong as dealers navigate around COVID-19-led bottlenecks. Indians celebrated the Dussehra festival on Sunday, and now await Diwali and Dhanteras in November. “Dussehra sales gave confidence to
As suggested in the CFTC Commitments of Traders report in the week ended October 27, NET SHORT of USD Index futures slipped -412 to 1 254 contracts. Speculative long positions increased +687 contracts and short positions added +275 contracts. Concerning European currencies, NET LENGTH in EUR futures dived -10 388 contracts to 155 555. Second
The manufacturing PMI fell from September but not by as much as expected (central median estimate). Manufacturing 51.4Non-manufacturing 56.2Composite 55.3 prior 55.1 Official Purchasing Manager’s Index (PMI) from China’s National Bureau of Statistics. All remain above 50 and in expansion. China’s economy is still struggling out of the pandemic response earlier in the year, but
NEW YORK: Oil prices fell on Friday and posted a second consecutive monthly drop as rising COVID-19 cases in Europe and the United States heightened concerns over the outlook for fuel consumption. Brent crude dropped 19 cents to settle at $37.46 a barrel, after touching a five-month low of $36.64 in the previous session. The
Global equities tumbled notably last week, partly as coronavirus spread was hitting new record highs. Also of the same importance, US investor had lightened up their positions in preparation for the Presidential elections. Yen and Dollar surged broadly to end as the strongest one. Euro was the worst performing, on return to coronavirus lockdown, and
Forex news for North American trade on October 30, 2020: Markets: Gold up $12 to $1879 US 10-year yields up 5 bps to 0.87% S&P 500 down 63 points to 3246 GBP leads, NZD lags WTI crude down 64-cents to $35.54 It was month-end and that added an extra wrinkle to an already-uncertain time. The
LONDON: Global oil prices moved in and out of negative territory on Friday but remained on course for a second monthly fall as rising COVID-19 cases in Europe and the United States heighten concerns over fuel consumption. Brent crude was down 3 cents at $37.62 a barrel by 1140 GMT after touching a five-month low
Investors are rather calm just ahead of the pre-election weekend. European indices quickly pare back initial losses, while DOW future is down not as much before open. Dollar is also giving up some of this week’s gains, despite pretty solid personal income and spending data. On the other hand, Euro is just mixed, paying little
US dollar under pressure US equity futures are paring losses and the market is feeling a bit better after a strong September personal spending report. AUD/USD has quickly jumped to 0.7070 from 0.7040 and there are similar moves in the dollar elsewhere. Month-end flows could also be part of the equation as well. For bank
New Delhi: Refined soya oil prices on Friday fell by Rs 4.3 to Rs 965 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market. On the National Commodity and Derivatives Exchange, refined soya oil for delivery in November declined by Rs 4.3, or 0.44 per cent, to Rs
Forex markets are staying in relatively tight range on mixed market sentiments. Asian indices turn lower despite a weak recovery in US markets overnight. For the week, Yen and Dollar are still the strongest ones. Euro is the weakest one after ECB indicated some policy recalibration in December. Canadian Dollar is the second weakest on