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SINGAPORE: Oil prices nudged up on Wednesday following two sessions of losses after industry data showed an unexpected drop in U.S. crude and fuel stocks, offsetting concerns of a possible rise in supplies from Iran. Brent crude futures rose 23 cents, or 0.3%, to $91.01 a barrel by 0122 GMT, while U.S. West Texas Intermediate

Canadian Dollar is currently the weakest one for today, following the pull back in oil prices. Japanese Yen is following as European and US yields are apparently trying to outpace benchmark JGB yield again. On the other hand, Aussie is trading slightly firmer, together with Kiwi and Dollar. Euro is paring some of the post-ECB

Yesterday, the US major indices moved above and below unchanged for most of the day. At the close, the Dow was unchanged, while the S&P and Nasdaq closed lower with the Nasdaq faring the worst. Today at the open the pattern remains with the Dow moving higher, the S&P marginally lower and the Nasdaq the

New Delhi: Gold price in the national capital on Tuesday rallied by Rs 144 to Rs 48,167 per 10 grams, reflecting overnight gains in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 48,023 per 10 grams. Silver, however, dipped by Rs 76 to Rs 61,607

Dollar strengthens mildly in Asia today but overall markets have been quiet this week so far. Euro continues to consolidate last week’s sharp gain, ahead of a key near term resistance against the greenback. Commodity currencies are the slightly stronger ones. Major benchmark global treasury yields continue to rally while stocks tread water. There might

Over the weekend we had the news: I posted a reminder on Monday in case you missed the piece: An overnight piece from ANZ recapped: Crude oil futures eased lower as the spectre of Iranian oil hitting the market weighed on sentiment. Diplomats from both Iran and world powers are set to return to the

NEW DELHI: Gold prices rose on Monday as the growing worries over broadening price pressures lifted the metal’s appeal as an inflation hedge and helped cushion pressure from higher US Treasury yields after a surprisingly upbeat jobs report. Gold futures on MCX edged higher by 0.15 per cent or Rs 73 to Rs 47,997 per

Australian Dollar is leading commodity currencies higher in relatively quiet trading today. Swiss Franc is also firm, but mainly because Euro is consolidation gains. Sterling is currently the weakest one, followed by Euro and then Dollar, while Yen is mixed. In other markets, major European indexes are trading water while US futures point to slightly

What’s the action and what’s the reaction? Russia has placed troops on its eastern border, ostensibly this is preparation for an invasion on Ukraine. Yet Russia denies that and, of course, any country has a right to put its soldiers anywhere it wants in its borders. In response to this, now NATO secretary-general Jens Stotltenberg

New Delhi: Gold price in the national capital on Monday jumped Rs 146 to Rs 47,997 per 10 grams in line with rally in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,851 per 10 grams. Silver also gained Rs 635 to Rs 61,391 per

The markets are steady in Asia in a quiet start to the week. Euro is softening slightly, paring some of last week’s gain. Aussie and Kiwi also turn weaker on mild risk aversion. On the other hand, Dollar and Canadian are both regaining some grounds. It’s a relatively light week in terms of economic data

Despite comments from Klaus Knot of the Dutch central bank over the weekend suggesting a 2022 ECB rate hike (Knot does tend towards the hawkish side though) the euro lost ground during the session. It drifted 30 or so points down from early highs without much in the way of a notable catalyst. USD was

TOKYO: Oil prices fell on Monday on expectations the U.S.-Iran talks may be nearing a conclusion on reviving a deal restricting the OPEC country’s nuclear weapons development, which would raise crude supply, though global supply concerns capped losses. U.S. President Joe Biden’s administration on Friday restored sanctions waivers to Iran to allow international nuclear cooperation

Feb 4: Gold prices were steady on Friday, and set for a weekly gain as a weaker dollar, concerns over stubborn inflation and tensions surrounding Ukraine lifted demand for the safe-haven bullion. FUNDAMENTALS * Spot gold was at $1,806.86 per ounce, as of 0132 GMT. In the previous session, bullion touched $1804.4 as a weaker

The weekly oil open will be the spot to watch after the Biden administration took a step towards thawing relations with Iran. A group of nations are in what looks like the final stretch of negotiations towards reviving the Iran nuclear deal. The US restored a waiver that that had been rescinded by Trump in

SINGAPORE: Oil prices climbed on Friday, extending sharp gains in the previous session sparked by persistent supply concerns and as frigid weather cascades across the United States, threatening to further disrupt fragile oil supplies. Brent crude was up 16 cents, or 0.2%, to $91.27 a barrel by 0102 GMT, after rising $1.16 on Thursday. U.S.

The strong jobs report put a 50 basis point hike in March on the table and that means that Fed commentary will take on new importance while all economic data will be closely watched. Next week starts out light with a calendar that essentially bare save for the lowly consumer credit report but it picks

HOUSTON: Oil prices are increasing, again, casting a shadow over the economy, driving up inflation and eroding consumer confidence. Crude prices rose more than 15% in January alone, with the global benchmark price crossing $90 a barrel for the first time in more than seven years, as fears of a Russian invasion of Ukraine grew.