Dollar attempted to edge lower earlier today but the bears are still not too committed. Selling has indeed turned to Yen in early US session, after some better than expected US data. The stocks markets are also lacking a clear direction as European indices open higher, but quickly reversed early gains. Australian and New Zealand
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US personal income and spending report for August 2020 Prior +1.3% (revised to +1.4%) PCE core MoM +0.3% vs +0.3% expected Prior MoM +0.3% (revised to +0.4%) Deflator YoY +1.4% vs +1.2% expected Prior deflator YoY +1.0% (revised to +1.1%) Deflator MoM +0.3% vs +0.3% expected Prior MoM deflator +0.3% (revised to +0.4%) Consumers spending
New Delhi: Gold prices rose marginally by Rs 37 to Rs 51,389 per 10 gram in the national capital on Thursday in line with a positive global trend, according to HDFC Securities. Stronger rupee, however, kept upside limited in the precious metal. The yellow metal had closed at Rs 51,352 per 10 gram in the
The latest economic indicators show that China’s economy continued to recovery in September. NBS’ official manufacturing PMI climbed +0.5 point higher to 51.5 in September, beating consensus of 51.3. The non-manufacturing PMI also increased to 55.9 from 55.2 in August. The composite index gained +0.6 point to 55.1 last month. Focusing of SMEs, Caixin’s manufacturing
September’s 47.7 is the 4th consecutive rise (from a very poor low point of 38.4 in May) highest since February 2020 Highlights: slowest fall in new orders since January new export sales fell again in September, at the slowest pace for eight months Employment relatively stable, just under 50 Says Markit: “The most encouraging aspect
NEW DELHI: India has cut the price of locally produced gas for October 2020-March 2021 by about a quarter to a multi-year low of $1.79 per million metric British thermal units (mmBtu), the government said on Wednesday. This would be the lowest price since 2014, when the nation began linking local rates to a formula
The forex markets are generally staying in tight range today, without much reaction to better than expected job data from US and GDP from Canada. Nor was there much movements after comments from ECB President and BoE Chief Economist. Subdued month-end trading is keeping volatility very low. Nevertheless, it’s hopeful that October would start with
The third and final cut for the 2Q GDP The final US 2Q GDP came in slightly better than expected at -31.4% vs. -31.7% estimate prior estimate came in at -31.7% US exports -64.4% vs. -63.2% previous imports -54.1% vs. previous -54.0% business inventories change cuts 3.5 percentage points from GDP with a $-287 billion vs.
New Delhi: Gold prices declined marginally by Rs 26 to Rs 51,372 per 10 gram in the national capital on Wednesday amid weak global prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 51,398 per 10 gram. Silver prices also declined Rs 201 to Rs
Dollar and Yen recover some ground in Asian session but it’s unsure if this week’s pull back is completed yet. There were little reactions to the President debate of Donald Trump and Joe Biden. Asian markets are mixed despite some solid data out of China. DOW future is currently down around -200 pts but it’s
New Zealand ANZ business survey for September Business Confidence -28.5 preliminary was -26.0 vs. prior -41.8 Activity Outlook -5.4 preliminary was -9.9 vs. prior -17.5 ANZ comments (main points) Activity indicators in the ANZ Business Outlook survey lifted a little further from their early-September preliminary reads. Headline business confidence, at -28.5%, was a smidgen lower
LONDON: Bankruptcies in Asian commodities markets this year prompted banks to review some lending policies with trading houses, who nevertheless still enjoy abundant liquidity, several banking executives said on Tuesday. The executives told the annual FT Commodities Global Summit that while some banks were reducing exposure to commodities following bankruptcies and extreme volatility as a
Dollar drops broadly today, partly due to month-end flows, and partly as position adjustment ahead of the first one-on-one Presidential debate between Donald Trump and Joe Biden. Nevertheless, Yen and Canadian Dollar are slightly weaker. On the other hand, Aussie and Kiwi are picking up some steam for a strong rebound. Trading in the stock
Forex news from the European trading session – 29 September 2020 Headlines: Markets: AUD leads, JPY lags on the day European equities lower; E-minis down 0.2% US 10-year yields flat at 0.653% Gold up 0.3% to $1,887.30 WTI down 0.8% to $40.30 Bitcoin down 1.0% to $10,764 There weren’t much notable headlines on the session
New Delhi: Silver prices on Tuesday rose by Rs 330 to Rs 60,726 per kg in futures trade as participants widened their bets on firm spot demand. On the Multi Commodity Exchange, silver contracts for December gained Rs 330, or 0.55 per cent, to Rs 60,726 per kg in 16,371 lots. Analysts said the rise
Asian markets trade with a mixed tone today despite strong rebound in the US overnight. Positive sentiments couldn’t carry through to the session again. Nevertheless, Yen is trading slightly weaker in general, followed by Canadian and Dollar. Aussie and Kiwi are the firmer ones together with Sterling. In particular, the Pound is maintaining yesterday’s gain
UK Times with the info, says: European negotiators have indicated for the first time that they are prepared to start writing a joint legal text of a trade agreement with the UK, before fresh talks begin today. In a potentially significant move Brussels is understood to have dropped its demand for the two sides to
New Delhi: Gold in the national capital went down by Rs 194 to Rs 50,449 per 10 grams on Monday amid weak global prices of the precious metal, according to HDFC Securities. In the previous trade, gold had closed at Rs 50,643 per 10 gram. Silver also declined Rs 933 to Rs 59,274 per kilogram