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The US jobs day typically is the focus event for the any jobs day. However today, US traders were once again met with news from Ukraine that was unsettling. Overnight Russian forces targeted an Ukrainian nuclear power plant with rockets (yes….), and although the resulting fire from the bombing did not result in a catastrophic

NEW YORK: There is only one way oil prices are going to fall – by first rising even more. That is the growing consensus among Wall Street analysts, who say there is not enough supply to impede crude prices from their relentless surge. Global benchmark Brent and U.S. crude futures have soared over 15% to

Dollar rises notably in early US session with help from strong headline non-farm payroll job growth, even though wages disappoint. But still, the overwhelming theme is Euro selloff on Russia invasion of Ukraine. The common currency is actually suffering a fresh round of heavy selling, just after NFP risk is cleared. Technically, it shouldn’t be

Prior 56.3 That’s a solid improvement from January, with construction output seeing the fastest rise in eight months. The growth was led by a marked and accelerated rise in housing activity, though there were solid improvements in commercial and civil engineering activity as well. The only downside is that companies are still reporting widespread supply

Commodities extended their massive rally as Russia’s invasion of Ukraine continues to roil global markets and fuel fears of supply crunches. Tensions rose on Friday after Russia escalated its assault by attacking a Ukrainian nuclear plant, the biggest in Europe, according to Ukrainian officials. Prices from crude to aluminum and wheat soared, as commodities stage

Euro is staying under selling pressure as Russia is continuing its invasion while Ukrainians are holding on defending their country. But selloff in Sterling has eased a little bit. Australia Dollar is extending recent rally as the best performer for the week. Canadian Dollar is following closely with help from BoC’s rate hike overnight, and

Today, Fed Chair Powell testified again on Capitol Hill and with oil prices racing to $116+ before coming back off, the comments, seemed a felt a bit more concerning about inflation. Once again the Fed Chair expressed the likely 25 basis point rise but reiterated once again that if inflation remains elevated, he would be

New Delhi: Gold in the national capital on Thursday jumped Rs 271 to Rs 51,670 per 10 grams in line with strong international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal finished at Rs 51,399 per 10 grams. Silver also gained Rs 818 to Rs 68,425

Overall, market sentiment is rather stable today, with major European indexes just slightly lower, while US futures point to recovery. Benchmark treasury yields are also ticking slightly higher. WTI crude oil is retreating slightly after breaking 115 handle. Gold is gyrating in tight range above 1900. In the currency markets, Euro remains the weakest one

Composite PMI 55.6 vs 56.2 prelim A slight revision lower but it reaffirms a rebound in economic conditions as business activity rises at its quickest rate in five months. This is largely the fading of the omicron impact with business confidence also showing a marked improvement. That said,  inflation  pressures remain an issue with cost

March 3: Gold prices were flat on Thursday as risk appetite improved after the U.S. Federal Reserve chairman tried to assuage fears about aggressive interest rate hikes, offsetting safe-haven demand spurred by the Russia-Ukraine conflict. FUNDAMENTALS * Spot gold held its ground at $1,927.18 per ounce by 0117 GMT. U.S. gold futures rose 0.4% to

Russia’s invasion of Ukraine remain the dominant theme in the markets, and Euro and Sterling stay pressured as a result. Swiss Franc is the biggest winner for now on safe haven flow, but Aussie and Yen are also supported. On the other hand, Dollar is dragged down by the steep fall in treasury yield overnight.

The Fed’s Powell in his testimony to the House Financial Services Committee, said he thinks that is “appropriate to raise rates by 25 basis points in March”, and continue that pace unless inflation/growth process in which case they would be “prepared to move more aggressively with a 50 basis point rise at a meeting or

The US and other major economies have agreed on a coordinated release of oil stockpiles after Russia’s invasion of Ukraine pushed crude above $100 a barrel. The International Energy Agency, which represents key industrialized consumers, will deploy 60 million barrels from stockpiles around the world. Half of that amount will come from the U.S. Strategic

Market sentiment stabilized a bit on reports that Russia a suggests to hold another round of peace talks with Ukraine, while Vladimir Putin’s forces continue to shell multiple crowded Ukrainian cities. Stocks are recovery but remain vulnerable to more selloff. In the currency markets, Swiss Franc is paring some gains but remains the strongest one

Russia’s oil and gas condensate output rose in February to 11.06 million barrels per day (bpd), according to Reuters calculations based on an Interfax report on Wednesday, while trading has been stalled due to sanctions over Ukraine. The production rose from 11 million bpd in January, while in tonnes, Russia’s total oil and gas condensate

Overall, the financial markets are steady in Asian session today. Russian invasion of Ukraine continues after the talks between two leaders yielded no breakthrough. Ukraine is holding on defending while isolation of Russia from the West intensified. In the currency markets, commodity currencies are attempting to break out from range. Aussie stays firm after non-eventful

> Biden’s speech Tuesday evening – some excerpts crossing ukraine There doesn’t seem to be much in this lot to surprise anyone Headlines via Reuters: in reference to Russia’s Putin, to say when dictators do not pay a price for their aggression, they cause more chaos -speech excerpts Biden to say “Putin’s war was premeditated