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All commodity futures under our coverage were in net speculative long positions last week. NET LENGTH in natural gas futures rose the most as hurricane Laura had raised concerns about supply, outweighing demand worries. NET LENGTH in crude oil futures declined, although price slowly climbed higher. Gold’s NET LENGTH dropped further as price remained in

Forex news for New York trade on August 28, 2020: Markets: Gold up $35 to $1964 WTI crude flat at $42.97 US 10-year yields down 3 bps to 0.72% S&P 500 up 23 points to record 3508 NZD leads, USD lags The resignation of Abe in Japan resonated throughout the world and led to a

By Rajendra Jadhav and Eileen Soreng MUMBAI/BENGALURU: Dealers in India offered the highest discounts on gold in five months this week as a dip in domestic prices failed to revive demand, while in top consumer China prices remained at a sharp discount to the international market. In India discounts of $43 an ounce were offered

At the annual Jackson Hole Symposium, Fed Chair Powell briefed the market on the results of the Fed’s strategic review of its monetary policy strategy. Powell announced the new approach to deal with price stability and maximum employment, the dual mandate of the Fed monetary policy. The Fed will move to average inflation targeting, seeking

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

Kolkata: Domestic gold and silver rose on Friday, tracking firm overseas prices. Bullion prices have gone up in international markets due to weak US dollar and data suggested that the world’s largest economy is struggling from a COVID-19-induced economic slump. Analysts feel that markets could consolidate over the next few sessions and may witness selling

Fed chair Jerome Powell inspired a fresh round of Dollar selloff which his Jackson Hole speech, which carries on to today. Stronger than expected personal income and spending, as well as core inflation reading provide little support. Though, for now, the decline appears to be mainly centered against commodity currencies, in particular Aussie and Kiwi.

Daily thread to exchange ideas and to share your thoughts The dollar is weaker across the board in the day after Powell’s speech, after the Fed chair reaffirmed that rates will stay lower for longer and that the central bank is shifting to a new policy framework to ensure that will be the case for many years

NEW DELHI: Gold and silver advanced on Friday as after the US Fed chairman Jeremy Powell said the central bank was ready for more inflation tolerance. The Fed’s new monetary policy strategy pledges to address “shortfalls” from the “broad-based and inclusive goal” of full employment and also promises to aim for 2 per cent inflation

Dollar spiked lower overnight after quickly stabilized, as supported by surge in treasury yields. Fed Chair Jerome Powell announced that adoption of “average inflation targeting”. That goes beyond the “symmetric” targeting, and allows inflation to overshoot to average out at 2% over time. While there was some initial jitters after Powell noted the overshoot would

Volatility divergence was a tell In the past week, US equities have continued to rally but there were some signs that it was running on fumes. In the FX market, the US dollar stopped going down. A bigger tell may have been that volatility wouldn’t fall. Now, stocks are turning as volatility has shot higher.

KOLKATA: Domestic gold and silver prices were trading flat this Thursday morning ahead of the Federal Reserve chair Jerome Powell’s speech this evening at the Jackson Hole Economic Symposium. October gold on Multi Commodity Exchange (MCX) opened at Rs 51,601 per 10 gm, touched a high of Rs 51,799 gm and was trading at Rs

Dollar appears to have finally taken a side, the downside, with Fed chair Jerome Powell’s Jackson Hole speech. In short, Fed is now adopting a “flexible form of average inflation targeting”, to achieve inflation that “averages 2 percent over time”. Therefore, following periods when inflation has been running below 2 percent, appropriate monetary policy will

Daily thread to exchange ideas and to share your thoughts Major currencies are keeping more quiet as the focus today is all about Fed chair Powell’s speech later at the Jackson Hole symposium. The trading ranges continue to be rather lackluster and may stay that way in European morning trade today. On the week, the dollar has

NEW DELHI: Gold and silver prices drifted lower in Thursday’s session as traders booked profits ahead of a speech by US Fed chairman Jeremy Powell. Meanwhile, a surge in equities also diverted funds from safe haven assets. Powell is set to speak at a virtual Jackson Hole symposium on Thursday, where he is expected to

Markets continue to be rather mixed as investors are awaiting Fed Chair Jerome Powell’s speech at the Jackson Hole symposium. S&P 500 and NASDAQ surged strongly overnight to new record highs. But Asian markets are mixed, with weakness seen in Japan, Hong Kong and Singapore. Dollar weakens broadly today but selling is so far not

Tail -0.9 basis points The US treasury sold $51 billion of 5 year notes at a high yield of 0.298%. That was lower than the WI level of 0.307%. High yield 0.298% vs. WI at 0.307% Bid to cover 2.71x vs six-month average of 2.48x Dealers 17.82% vs. 27.8% six-month average Directs 15.93% vs. 13.6% six-month average Indirects 66.25% vs.

By Alex LawlerLONDON: Oil edged up towards $46 a barrel on Wednesday, close to its highest since March, lifted by U.S. producers shutting most of their offshore Gulf of Mexico output ahead of Hurricane Laura and a report showing a drop in U.S. crude inventories. Renewed worries over the Covid-19 pandemic, which has squeezed demand