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Dollar is trying to extend near term rebound with help from surging treasury yields and risk-off sentiments in stocks. But Canadian Dollar is still outshining slightly, as support by oil price rally. Aussie and Kiwi are soft, but selloffs are mainly centered around European majors. Euro is particularly weak as it looks set to resume

The report is here: In summary: OPEC expects the oil market to continue to be well supported this year, citing robust demand said once again that the impact of the omicron variant is projected to be mild and short-lived (on oil demand, not your health 😉 ) The report pointed to tight supply, an example

New Delhi, Gold price in the national capital on Tuesday dipped Rs 23 to Rs 47,814 per 10 grams, in line with weak international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,837 per 10 grams. Silver was flat at Rs 61,835 per kg from Rs

Stocks markets are turning back into risk off mode with US futures pointing to sharply lower open. Yen managed to reverse earlier losses and trading generally higher. Canadian Dollar is also firm as supported by extended rally in oil prices. Dollar is following with some lift by rising treasury yields. On the other hand, Sterling

Higher yields is the key theme to take note of for today, as 2-year and 10-year Treasury yields are revisiting pre-pandemic levels. The former is back above 1% while the latter is up to as high as 1.84% earlier in the day, currently seen around 1.82%. That has weighed on the mood in equities and

Goldman Sachs expects oil prices hitting $100 per barrel in the second half of this year, citing a lower than expected hit to demand from the Omicron coronavirus variant coupled with increased supply disruptions and OPEC+ shortfalls. “This has kept the global oil market in a larger deficit than even our above consensus forecast,” Goldman

Dollar is making a strong come back in Asian session today, as 10-year yield powers up to 1.85 level. Yen is under some selling pressure after BoJ stood pat as expected, and delivered little surprise other than upgrades in inflation forecasts. But Aussie and Kiwi are currently the weakest one. Canadian Dollar, on the other

From the New Zealand Institute of Economic Research business confidence -28% prior -11% capacity utilisation 89.5% prior 96.1 From the NZIER: business confidence and demand fell as the COVID-19 outbreak dragged on survey was carried out from 8 November 2021 to 10 January and captured the effects on Auckland and its neighbouring regions in lockdown

New Delhi: Gold prices rose by Rs 176 to Rs 47,881 per 10 grams in the national capital on Monday in line with gains in the precious metal in the global markets and a weaker rupee, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,705 per 10 grams.

Canadian Dollar is trading as the strongest one for today, and remains firm after stronger than expected manufacturing sales data. Dollar is currently following, with help by rebound against Yen. Sterling is also slightly weaker, following Yen. Other currencies are mixed for now. Overall, trading is rather subdued with US on holiday. Technically, while Canadian

The population game is one that all countries in the world are playing but few – if any at all – are winning. And China is no exception to that. The crisis in the country worsened amid the pandemic and last year saw birth figures sliding once again. According to the stats bureau, there were

Gold prices eased on Monday, as U.S. Treasury yields gained on hawkish signals from the Federal Reserve and markets began to price in a sooner-than-anticipated reduction in balance sheet. FUNDAMENTALS * Spot gold was down 0.2% to $1,814.08 per ounce by 0024 GMT. U.S. gold futures edged down 0.1% at $1,815.00. * U.S. 10-year Treasury

The markets are overall relatively quietly in Asian session today and trading could be subdued with US on holiday. Canadian Dollar is resilient with WTI oil staying firm at around 84 handle. Euro and Dollar are both strengthening notably. On the other hand, Yen, Aussie and Kiwi are softening. In particular, traders seem to be

Gold prices on Thursday held near a one-week high hit in the previous session, as the U.S. and Treasury yields retreated after inflation data came in line with expectations and reiterated the need for a quicker interest rate hike. FUNDAMENTALS * Spot gold was flat at $1,824.55 per ounce by 0109 GMT. U.S. gold futures

Jan 14: Gold prices on Friday were poised for their best weekly gain since last November, as investors await economic data that could provide clarity about U.S. Federal Reserve’s tapering policy, while a weaker and Treasury yields supported bullion. FUNDAMENTALS * Spot gold was flat at $1,820.08 per ounce, as of 0048 GMT. U.S. gold

Lockdowns in China and thousands of flight cancellations have done nothing to dent buying demand in crude oil since late December. Now crude is threatening last year’s high of $85.41 per barrel. It rose as high as $84.22 today and settled up $1.70 to $83.82. It’s been on a one-way run since hitting a low

SINGAPORE: prices eased for a second session on Friday on growing concerns that Washington may soon act to cool prices, while movement controls in China to rein in a COVID-19 outbreak weighed on fuel demand. Brent crude futures fell 30 cents, or 0.4%, to $84.17 a barrel at 0150 GMT. U.S. West Texas Intermediate crude

Strong US inflation reading and hawkish comments from Fed officials were the main theme in the markets last week. While much volatility was seen in the stock markets, major indexes remained rather resilient. Dollar got practically no support from expectation of three Fed hikes year this, and tumbled broadly. Euro finally broke out of range