News

The market in the North American session took a breather from the geopolitical news from Ukraine early on, to focus on the Canadian jobs report for February. Most of the time, Canada and the US release their jobs report on the same first Friday of the calendar month. However because of calendar nuances, there are

Power producers said this would substantially raise power tariffs, particularly the spot prices, while coal companies said the coal being bought is meant for merchant plants, which sell power on the exchange and account for only a small portion of India‘s total electricity generation. According to people in the know, in spot auctions held by

Overall market sentiment is steady today. Major European indexes are trading slightly in black, together with US futures. WTI oil rebounds on news that US President Joe Biden is set to announce ban of Russian oil imports as soon as today. Gold is extending recent rise after brief consolidation, with aim to have a test

The G7 is saying: It is prepared to take further measures to hold Russia’s Putin accountable for attack on Ukraine It will work to preserve stability of energy markets as well as food security It will ensure Russia and its elites, proxies and oligarchs cannot leverage digital assets to avoid impact of international sanctions It

March 11: Gold prices were set for a second weekly gain as talks between Russia and Ukraine made little apparent progress, although bullion saw a dip on Friday as elevated U.S. Treasury yields on the back of inflation data assuaged its safe-haven appeal. FUNDAMENTALS * Spot gold was down 0.2% at $1,992.94 per ounce, as

Canadian Dollar surges sharply after employment data blows past expectations. Sterling and Euro are firm slightly firmer but there is no clear upside momentum. On the other hand, selloff in Yen is still persisting. Dollar is mixed for now. In other markets, Gold is extending the pull back and it’s threatening 1960 minor support. WTI

The lead into the Asia session: Forexlive Americas FX news wrap: ECB warns on rising inflation USD/JPY traded higher early in the session here but stalled once it made a fresh high for 2022. The following hours saw it stabilise just under 116.30 and as I post its now staging a renewed push even higher.

NEW DELHI: Gold prices were trading lower on Friday but were set for second weekly gain as talks between Russia and Ukraine made little apparent progress. The safe-haven metal pulled back about 3 per cent in the previous session, its worst daily decline since January 2021 – snapping a rally that took it near the

Yen is under some broad based pressure in Asia session despite some mild risk aversion sentiment. BoJ is clear to lag behind other major central bank in raising interest rates, due to the still underperforming inflation. Rally in global treasury yields is also weighing on the Japanese currency. Euro is maintaining this week’s recovery, but

Russia today announced retaliation against some western sanctions in announcing that telecom, medical, auto, agricultural, electrical and tech equipment, as well as many forestry products, will be banned until the end of the year. The details of these measures will be important but grains are particularly notable because the global market for food is tight

MELBOURNE: Oil prices rose on Thursday following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the gap in output from Russia due to sanctions for its invasion of Ukraine. Brent crude futures were up $3.10, or 2.8%, at $114.24 a barrel at 0419

Euro’s rebound stalls after ECB policy announcement, mainly because risk markets turned softer again. Another round of negotiations between Russia and Ukraine failed and Russia will clearly continue its attack. Dollar is trading slightly higher after CPI came in expected, extending its run on making multi-decade high. Though, as for the day, Aussie is leading

The lead into the Asia session: Forexlive Americas FX news wrap: Huge turnaround in ‘war’ trades Yesterday we had an official from the Bank of Japan warn on rising inflation. Today we had another official there pointing out that import prices (yen-based index of) were at their highest since 2008. Once again today the FX

NEW DELHI: Gold prices pulled back after a nearly 3 per cent rise in the previous session, snapping a rally that took it near the August 2020 all-time highs. The yellow metal witnessed selling on easing worries over the Russia-Ukraine conflict with signs of a possible diplomatic solution. Gold futures on MCX were trading lower

Yen and Swiss Franc are both under selling pressure following the strong rebound in global stock markets. While it’s too early to conclude that risk appetite has returned from the shadow of Russia invasion of Ukraine, at least, the initial shock seemed to be digested well already. Euro is staging a strong rebound as traders

And the squeeze is on…. (at least at the start of the day). The major indices are sharply higher at the open as traders react to hopes for a shift toward a solution and Ukraine. Admittedly, the news is nothing new, but the markets are subject to sharp reactions on hopes, and overnight trading can

Bank of America Global Research discusses the EUR outlook around tomorrow’s ECB March policy meeting. “Stagflation is a clear and present danger for the Eurozone economy. With the market still pricing positive ECB rates next year, we do not see the ECB pushing for more this week, given high uncertainty. High inflation also prevents the

nickel traded on the London Metal Exchange Monday, with a 90% jump that went as high as $55,000 a metric ton before closing at $48,078. Things went even wilder on Tuesday, rising as high as $100,000 — nearly quadruple the price last Friday. That sounds dramatic, but it’s unlikely that you’d notice the ripple effects