Libya lifts force majeur Leaders in Libya’s civil war signed a ceasefire today and now there are plans to quickly ramp up oil production. The country’s NOC says it plans to boost oil production above 1 mbpd in four weeks. It’s around 500kbpd now, up from less than 200kbpd over the past few months. The
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New Delhi: Gold prices declined by Rs 75 to Rs 51,069 per 10 gram in the national capital on Friday, according to HDFC Securities. The precious metal had closed at Rs 51,144 per 10 gram in the previous trade. Silver prices, however, rose by Rs 121 to Rs 62,933 per kilogram from Rs 62,812 per
Dollar is back under pressure today as global stock markets strengthen mildly before weekend. Though, overall markets are relatively mixed as we’re seeing some strengthen in both Swiss Franc, Euro and Aussie. On the other hand, Sterling, and Canadian are softer. The developments suggest that major pairs and crosses are trading more on their own
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
Gold prices dipped on Friday, weighed by a stronger dollar, as investors kept a close watch on the final U.S. presidential election debate and sought further clarity on a coronavirus aid package. FUNDAMENTALS Spot gold fell 0.1% to $1,902.57 per ounce by 0110 GMT, after slipping more than 1% in the previous session. U.S. gold
Dollar recovers mildly in Asian session today but remains generally weak, as the worst performing one for the week so far. Sellers appear to be taking a breather for now, and wait for fresh development regarding fiscal stimulus, as well as the final Presidential debate before election. For now, European majors are the best performing
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
New Delhi: Gold prices fell Rs 95 to Rs 51,405 per 10 gram in the national capital on Thursday amid a weak global trend and rupee appreciation, according to HDFC Securities. The precious metal had closed at Rs 51,500 per 10 gram in the previous trade. Silver prices also declined Rs 504 to Rs 63,425
Dollar recovers in early US session, with help from better than expected job data. Yet, it remains the weakest one for the week at this point. Buying momentum for the greenback doesn’t warrant a reversal yet. The forex markets are mixed for now, with mild weakness in Sterling and Euro. Stock markets are treading water,
Lower stocks in Asia The Japan’s Nikkei is opening down -0.8% to 23,456.25 at the PM open. The Topix is fairing even worse at -1.2% to 1,617.99. Other major indices are lower in the Asian Pacific trading: S&P/ASX is trading down -0.46% Shanghai composite index is down -0.83% Hang Seng index is trading down -0.42% KOSPI is trading down -0.87% The E-mini contract is
Gold edged lower on Thursday as the dollar recovered from a seven-week trough and some concerns emerged that an agreement on a new U.S. fiscal coronavirus aid package will not be reached until after the presidential election. FUNDAMENTALS Spot gold fell 0.2% to $1,920.86 per ounce by 0123 GMT, retreating from a more than one-week
The meeting among OPEC+ producers to discuss about revision of output cuts was inconclusive. While a number of OPEC+ producers agreed that weak oil demand outlook might justify more reduction in output, it’s yet to know how much more is needed. A greater problem is compliance. As we noted in the previous report, OPEC+ has
Comments from Alyssa Farah We could see some movement in the next 48 hours I think this is the best we’ve felt about a deal to date Committed to getting a stimulus package This is such a tough read but I increasingly believe that they’re out of time. The comments are helping stocks pare losses
By Prathamesh Mallya A decade ago, investment in security and exchange instruments (stocks, bonds and commodities) was considered a gamble by many in India. This perception has, however, changed over the past couple of years. Today, the same set of investors can be seen investing in multiple instruments, be it mutual funds, stocks, and commodities.
Dollar tumbles sharply today together with US treasuries. 10-year yield breaks above 0.8% handle but that’s giving no support to the greenback. Instead, in a rather unusual development, Yen surges sharply at the same time. Stock futures are just steady. There are talks about the renewed hope for a stimulus deal. But we suspect that
Analysts at the investment banks are not bullish on a resolution soon, saying: Some of the biggest issues remain unresolved the thorniest issues – fiscal aid to states and liability protections – are still outstanding there is no indication that differences have narrowed since last week and a deal doesn’t seem particularly close — If
TOKYO: Oil prices fell on Wednesday after a surprise climb in U.S. crude stockpiles added to concerns about a global supply glut as a spike in global COVID-19 cases fuels demand fears and production returns in Libya. Brent crude futures for December delivery were at $42.94 a barrel, down 22 cents, or 0.5per cent, as
Dollar is under some selling pressure since overnight as US politicians were still optimistic in closing a fresh stimulus deal by election. This appears to be the most volatility triggering theme for the near term for now. Commodity currencies are trying to recover in Asian session today but Aussie and Kiwi remain the weakest for