Given the tough nature of this year in stock markets, there’s some heavy tax loss selling ongoing right now but liquidity is also drying up into year end. Today is the final ‘real’ day of trading and for many it’s wrapping up imminently. US stock marketsDecember 23rd: Regular hoursDecember 26th: ClosedDecember 27th: Regular hours (Canadian
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Oil prices rose 2% on Friday on expectations of a drop in Russian crude supply, which helped offset worries of a hit to U.S. transport fuel demand growth as a looming Arctic storm threatens travel during the holiday season. Brent crude was up by $1.40, or 1.70%, to $82.38 a barrel at 1044 GMT, while
Range trading continues in overall quiet markets today. The batch of economic data from the US and Canada trigger little reactions. Yen is still set to end as the strongest one for the week, followed by Canadian and then Swiss Franc. Kiwi is the worst, followed by Sterling and than Dollar. In Europe, at the
National CPI 3.8% y/y, National CPI excluding Fresh Food 3.7% y/y, expected 3.7%, prior was 3.6% highest in 40 years for core inflation , since December of 1981 National CPI excluding Food, Energy 2.8% y/y, (AKA core-core inflation and the closest measure to the US core CPI) — USD/JPY has popped a little on the
Oil prices rose on Friday on expectations of lower Russian crude exports from the Baltic region in December, offsetting worries that a looming Arctic storm across the United States could snuff out transport fuel demand growth this holiday season. Brent crude rose 88 cents, or 1.1%, to $81.86 a barrel by 0148 GMT, while U.S.
Australian Dollar rebounds broadly today, as risk-on sentiment continues in Asian session. For now, Yen is still supported solidly by BoJ’s action earlier in the week, even though 10-year JGB yield dips back towards 0.4% level. However, Dollar and Swiss Franc are turning softer together with Loonie. Meanwhile, Euro and Sterling are mixed, awaiting the
Yesterday the US stocks moved higher for the second consecutive day which came after four straight days of declines. The final numbers showed: S&P closed up 56.84 points or 1.49% at 3878.45 Nasdaq closed up 162.27 or 1.54% at 10709.38 Dow closes up 526.74 points or 1.60% at 33376.49 Today those gains are being retraced.
Gold price rose Rs 59 to Rs 55,241 per 10 grams in the national capital on Thursday amid gains in precious metal in overseas markets, according to Securities. In the previous trade, the yellow metal had touched Rs 55,182 per 10 grams. Silver, however, slipped Rs 194 to Rs 69,413 per kilogram. “Spot gold prices
Dollar is trying to strike back as traders are likely starting to light up their positions ahead of holidays. But for now, Yen and Euro are so far the more resilient ones. Sterling is sold off broadly earlier today but it’s not worse the Kiwi. Aussie is also quickly paring back earlier gains. Technically, GBP/CHF
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Oil prices rose for a fourth straight day on Thursday with U.S. crude, heating oil and jet fuel stocks seen tight just as a chilly blast hits the United States and travel is set to soar for the holiday season. U.S. West Texas Intermediate (WTI) crude futures climbed 35 cents, or 0.5%, to $78.64 a
The markets become rather directionless again in Asian session. Yen is paring some gains as the boost from BoJ faded. Swiss Franc, Aussie and Kiwi are on the weaker side too. On the other hand, Canadian and US Dollar are the stronger ones for the day. Both are awaiting economic data release, including Canadian CPI
Prior report revised up to to 101.4 from 100.2 Consumer confidence rises to 108.3 from 101.4 last month (revise form 100.2). Estimate was at 101.0. Present situation Index 147.2 in December versus 138.3 (revised from 137.4) Expectations index 82.4 vs 76.7 last month (revised from 75.4). 1 year inflation expectations 6.7% in December down from
The yellow metal kicked off 2022 with all glam and glitter — for once the geopolitical crisis between Russia and Ukraine can be credited for this. It actually pushed the demand for the yellow metal higher. After a corrective phase, following successive rate hikes by central banks, the year-end once again saw the prices of
The markets appear to be back in risk-on mode as seen in major European indexes and US futures. Aussie is recovering notably, followed by Swiss Franc. But New Zealand Dollar is the weakest for the day, followed by Sterling and then Yen. Dollar and Euro are mixed. As for the week, Kiwi is the worst
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold prices steadied near a one-week high on Wednesday, after rising more than 1% in the previous session as the dollar weakened after the Bank of Japan’s surprise policy tweak. * Spot gold was flat at $1,816.94 per ounce as of 0031 GMT. U.S. gold futures were up 0.1% at $1,827.10. * The dollar index
Yen rises strongly in Asian session after BoJ’s surprise announcement of raising 10-year yield cap to 0.50%. Dollar is following closely as second, and then Swiss Franc, on risk aversion. For the same reason, Australian, and New Zealand Dollar are sold off as weakens, followed by Sterling. Canadian and Euro are mixed for now. Technically,