HANOI/BEIJING: Commodities markets are unlikely to experience a “super-cycle” in the next few years, experts and audience polled at an online metals seminar on Tuesday said. “We’re not a huge believer in a super-cycle now. You’ve started to see some central bank starting to taper bond buying and if they are not tapering, they’ve started
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Euro surges broadly today, while German DAX and Stoxx 600 hit new record highs. Strong German business climate reading gave sentiments a strong lift. For now the common currency is only out-performed by New Zealand Dollar, and followed by Swiss Franc. On the other hand, positive market sentiment makes Yen the weakest one, followed by
A real estate broker, right, gives a tour for potential home buyers during an open house in Manhattan Beach, California. Patrick T. Fallon | Bloomberg | Getty Images Home prices in March were 13.2% higher in March, compared with March 2020, according to the S&P CoreLogic Case-Shiller National Home Price Index. That’s up from the
USD/CAD is currently consolidating around the lowest levels since 2017. Bulls are looking for an upside correction on a monthly basis as accumulation kicks in. Funds travelled between a high of 1.2078 and 1.2029 on the day with some upside pressure, rising 0.12% at the time of writing. The loonie edged lower against its broadly
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EUR/USD searches for a breakout, runs up to 1.2250 Invest in yourself. See our forex education hub. EUR/USD is up to its highest levels since early January, threatening a firm break above the February high of 1.2243. With USD/CNH breaking to its lowest levels since 2018 and breaking a key technical region, that may yet
There hasn’t been much pushback or warnings against a higher currency by the Chinese local media While the onshore yuan is still holding just above 6.40 against the dollar, the offshore yuan is already starting to test waters below that and so far the Chinese media is looking rather sanguine about the whole thing. This
NEW DELHI: Gold prices edged lower on Tuesday as hopes of quick economic recovery lifted demand for riskier assets, although a weaker dollar and lower US Treasury yields limited losses for the safe-haven metal. Precious metals in domestic markets followed global trends and slipped on opening. The dollar languished near four-month lows against major currencies,
The forex markets are staying in mixed consolidative mode in Asian session. Australian Dollar trades mildly higher following strong, record making, export data. But that’s offset by Melbourne’s return to pandemic restriction, on masks and gatherings. Dollar turns weaker as Asian stocks rebound, together with Yen and Canadian. European majors are generally firm. Technically, focus
The AUD only had a modest gain against the USD over the past month, underperforming most other G10 currencies. Despite a dovish Reserve Bank of Australia, economists at HSBC still see potential upside in the aussie this year due to strong domestic fundamentals and a relatively supportive global backdrop. Australia’s sizable budget and its relatively
Will the sellers push lower now? The USDJPY on Friday and again today, moved above the 100 hour moving average on a number of hourly bars (10 to be exact). Of those 10, two of them closed above the MA, only to have the price rotate back below (and close below), and the very next hourly bar. The
Chicago Fed national activity index for April 2021 Chicago Fed national activity index for April 2021 0.24 versus 1.0% estimate. The index fell from 1.71 in March. 3 of the 4 broad categories of indicators used to construct the index made positive contributions in April. However, three categories deteriorated from March The three month moving average decreased to 0.07
NEW YORK: Oil prices rose on Monday as a demand bump fueled by COVID-19 vaccination drives gave traders optimism that the market can absorb any Iranian oil that would come on the market if Western talks with Tehran lead to the lifting of sanctions. Prices also got a boost on expectations that a new deal
Markets are generally staying in consolidative mode today, with subdued movements. Sterling is trading mildly lower, followed by Aussie, and Dollar. New Zealand Dollar firms up mildly after initial dip. Euro and Swiss Franc are also stronger, helped by buying against the Pound. Gold is struggling in range below 1900 handle, but looks ready to
US Federal Reserve Governor Lael Brainard attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images Federal Reserve Governor Lael Brainard pressed the case for a digital dollar, saying Monday that a cryptocurrency backed by the central bank could provide a
A new Iran deal is less likely than it was last week. UN nuclear watchdog is extending a recently expired monitoring agreement by a month. The price of oil as measured by West Texas Intermediate spot is higher by over 3.26% at the time of writing, up from a low of $63.65 and reaching a high of $66.11. The