Russian state media outlet RT implied widespread voter fraud in the U.S. election. for making potentially misleading claims that could undermine confidence in the election Twitter did similar with a Trump tweet implying lack of election integrity earlier this month. “Is thins thing on?” For bank trade ideas, check out eFX Plus
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Gold prices fell to a one-month low on Thursday, extending the previous session’s sharp slide as the dollar remained the preferred refuge from risks due to mounting COVID-19 cases ahead of the U.S. Presidential election. Spot gold was 0.5% lower at $1,868.00 per ounce by 1240 GMT, having fallen 2% on Wednesday. U.S. gold futures
ECB has announced to leave all its monetary policy measures unchanged. The deposit rate stays at -0.5%, while the main refi rate and the marginal lending rate also remain unchanged at 0% and 0.25% respectively. The PEPP program will continue to run with a total envelope of 1.35 trillion euro. The members were concerned about
Are we looking at a repeat of the dollar melt up in 2016? As Biden leads in the polls, almost everyone has been talking up the case for a ‘blue wave’ and what scenarios may take place should that happen. The straightforward one being “buy everything, sell the dollar” of course, but there are some
New Delhi: Nickel prices on Thursday fell by 0.32 per cent to Rs 1,170.70 per kg in futures trade after participants offloaded their positions amid weak demand in spot market. On the Multi Commodity Exchange, nickel contracts for November delivery traded lower by Rs 3.80, or 0.32 per cent, to Rs 1,170.70 per kg with
The forex markets are rather steady in Asian session today, after the sharp moves overnight. Asian stocks are rather immune from the mini crash in the US. Still, for the week, Yen and Dollar are currently the strongest ones on risk aversion. Canadian Dollar is the worst performing, suffering from additional drag by oil prices.
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NEW YORK: Oil prices dropped 5% to a three-week low on Wednesday as surging coronavirus infections in the United States and Europe is leading to renewed lockdowns, fanning fears that the unsteady economic recovery will deteriorate. Brent futures fell $2.07, or 5.0%, to $39.13 a barrel by 10:13 a.m. EDT (1413 GMT), while U.S. West
Intensifying worries over out-of-control coronavirus spread in Europe push European stocks to 5-month low today. US futures also point to sharply lower open as this week’s decline would likely extend. Dollar and Yen jump on risk aversion, followed by Swiss Franc to a slightly smaller extend. Australian Dollar and New Zealand Dollar are the worst
Latest data from the Mortgage Bankers Association for the week ending 23 October 2020 Market index 807.8 vs 794.2 prior Purchase index 305.2 vs 304.6 prior Refinancing index 3,711.6 vs 3,620.5 prior 30-year mortgage rate 3.00% vs 3.02% prior The rise last week largely stems from an increase in refinancing activity, although purchases were also
New Delhi: Crude oil futures on Wednesday fell by 3.51 per cent to Rs 2,831 per barrel as participants reduced their positions on low demand. On the Multi Commodity Exchange, crude oil for November delivery eased by Rs 103, or 3.51 per cent, to Rs 2,831 per barrel with a business volume of 3,319 lots.
European majors are all trading broadly lower today on worsening coronavirus spread and return to lockdowns. Mild risk aversion keeps the Japanese Yen afloat but it’s outperformed slightly by Aussie, after slightly stronger than expected Australian CPI reading. Dollar is mixed for the moment, benefitting little from risk aversion. Traders remain cautious ahead of US
DoubleLine Capital CEO Jeffrey Gundlach is bullish on a Trump win. Speaking on a webcast: “The polls right now say he isn’t going to win, but they said that four years ago” “Mind you, my conviction is way lower than it was four years ago. But back in [that period], when Trump was little more
Pune: China plans to import large quantities of castor seed from India, which can create a scarcity of raw material for the local edible oils industry, a leading trade body said. “During the last few months, China has been aggressively buying Commodities to bolster their State Reserves. We understand they are also targeting to buy
Dollar weakens again today but stay in very tight range as indecisive trading continues. The stronger than expected durable goods orders were are ignored by the markets. White House’s comment that stimulus deal will be there in “coming weeks” is also shrugged off. Swiss Franc is following Dollar is the weaker one. On the other
Commodities set to gain on green car shift The rise of electric vehicles is gaining pace with more and more vehicles available and a growing infrastructure to support them. According to Morgan Stanley electric-car sales are seen to boost Nickel the most of all the commodities used in producing an electric vehicle. Here is a
NEW DELHI: Gold and silver future prices rose in the opening trade on Tuesday tracking trend in international market amid rising Covid-19 cases in western countries, which has resulted in fresh curbs. US House of Representatives Speaker Nancy Pelosi is hopeful that congressional Democrats and the Trump administration can reach agreement on the coronavirus relief
Movements in the forex markets remain relatively limited and indecisive. There were little reaction to the steep decline in US stocks overnight, which is followed by broad based weakness in Asia. For now, Dollar, Yen and Kiwi are the firmer ones for the week. Canadian Dollar remains the worst performing as dragged down by oil