Covid statistics for France Covid cases rise by 26,771 vs. 52,010 on Sunday 257 new deaths is up from 116 on Sunday The case count started to spike higher last week surpassing the previous high at around 32,000. The dip today is typical for the early week, but above the 19,000 seen a week ago today.
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Gold fell below the key psychological level of $1,900 on Monday to its lowest in more than a week, pressured by a firmer dollar and stalled progress in talks for a new U.S. coronavirus aid package. Spot gold fell 0.2% to $1,897.71 per ounce by 0908 GMT, after hitting $1,890.19, its lowest since Oct. 15.
Movements in the forex markets are rather limited in European session, with some firmness seen in Dollar and Sterling. One focus is on the selloff in Canadian Dollar, which is dragged down by the steep decline in oil prices. Euro’s mild weakness is also worth a note, as partly weighed down by German sentiment data.
Daily thread to exchange ideas and to share your thoughts The dollar is firmer ahead of European morning trade as the market is seeing a slight risk-off tilt with US futures lower alongside Treasury yields and oil as well. The worsening virus situation in major parts of the world is dominating the headlines since the weekend, with
NEW DELHI: Gold and silver futures slipped in the opening trade on Monday in line with global mood as talks about the US stimulus package came to a halt. US House Speaker Nancy Pelosi said on Sunday the Trump administration was reviewing the latest plan for more COVID-19 relief over the weekend and that she
Economic data released since the September signaled that the recovery might have lost momentum. This is a worrying signs as renewed lockdown measures in light of the second wave are expected to damage the recovery further. As a preparatory meeting for more stimulus in December, ECB will turn more dovish this month. Stimulus measures to
Outbreak hits Pence’s inner circle The chief of staff for Vice President Mike Pence along with four other staff members have tested positive for coronavirus, according to the New York Times. Pence advisor Marty Obst tested positive early in the week and now chief of staff Marc Short and three others have tested positive. Pence
By Laura Hurst and Kevin Crowley Six months on from crude’s era-defining price crash and Big Oil is suffering from whiplash. Prices may have stabilized around $40 a barrel as OPEC+ curbed supply, but as the coronavirus surges through Europe once again, the twin safety nets for majors in previous downturns — refining and trading
According to the CFTC Commitments of Traders report for the week ended October 20, NET LENGTH for crude oil futures jumped +17 551 contracts to 490 348 for the week. Speculative long position rose +14 764 contracts, while shorts dropped -2 787 contracts. For refined oil products, NET LENGTH for gasoline decreased -258 contracts to
Coronavirus daily numbers from Europe: France reports 45,422 cases (positivity rate 16% vs 8% a week ago) UK reports 23,012 cases vs 20,530 the day prior Italy reports 19,644 vs 19,143 Netherlands reports 8669 That’s a new record for Italy/France and the others are all very close. Expect the weekly pattern to show lower numbers
BENGALURU/MUMBAI: Gold premiums in India jumped to their highest in nearly three months this week, as jewellers continued to stock up on hopes of more customers visiting stores as the festive season gathers pace. Indians celebrate Dussehra on Sunday and Diwali and Dhanteras in November, when buying gold is considered auspicious. “Investment demand was good
As suggested in the CFTC Commitments of Traders report in the week ended October 20, USD Index futures returned to NET SHORT of 1 666 contracts. Speculative long positions decreased – 2042 contracts and short positions added +61 contracts. Concerning European currencies, NET LENGTH in EUR futures declined -2 694 contracts to 165 943. NET
Lots of high profile names to announce earnings this week The earnings calendar for the week will ignite with a broad range of some of the biggest of the big names. On Thursday alone we get all the FAANGs sans Netflix (which disappointed with their subscriber numbers this week), but Facebook, Amazon, Apple, and Google
By Casey Wagner and Vildana Hajric Billionaire investor Mike Novogratz is doubling down on a call Bitcoin serves as digital gold. “I don’t think Bitcoin is going to be used as a transactional currency anytime in the next five years,” Novogratz, founder and chief executive officer of Galaxy Investment Partners, said in an interview with
Funds were flowing out of US assets last week as Dollar ended as the worst performing major currency. Treasury yields surged as bonds tumbled while stocks gyrated lower. But the movements were not decisive enough yet as the greenback still holds above recent lows against major currencies like Euro and Yen. Dollar trader would probably
Forex news for North American trading on October 23, 2020: Markets: Gold down $2 to $1902 US 10-year yields down 2 bps to 0.836% S&P 500 up 12 points to 3465 (down 0.5% on the week) WTI crude oil down 88-cents to $39.76 EUR leads, GBP lags We may have settled into a pre-election lull
Gold firmed above $1,900 an ounce on Friday, en route to a weekly gain, as the dollar weakened and as investors hedged against uncertainties surrounding the coronavirus pandemic and going into the Nov. 3 U.S. presidential election. Spot gold rose 0.3% to $1,909.10 per ounce by 0946 GMT and was up 0.5% for the week.
It appears that the stock markets couldn’t care less about the last debate before US Presidential election. Major Asian indices are trading in right range with mild gains. Nevertheless, Yen is trying to lead Dollar for a comeback while European majors are losing their strong position. In particular, Euro is pressured against Sterling and Swiss