Yen is under some persistent selling pressure since yesterday, following rebound in US benchmark yields. Aussie and Canadian Dollars are the stronger ones on commodity and oil prices, but Kiwi is lagging far behind. Euro is the stronger European majors while Sterling and Swiss Franc are on the softer side. Dollar is mixed for now
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The major European stock indices are closing the day mostly lower. The exception is the UK’s FTSE 100 which saw gains on the day, but is all of its highs. The UK FTSE 100 was up 73.98 points at its peak. It is closing with the gain of around 29 points. A look at the
Gold price fell by Rs 5 to Rs 55,124 per 10 gram in the national capital on Wednesday amid a fall in precious metal prices in overseas markets, according to Securities. In the previous trade, the yellow metal had settled at Rs 55,129 per 10 gram. Similarly, silver also slipped Rs 332 to Rs 70,048
Yen’s selloff continues today, so are the rallies in US and European benchmark treasury yields. While the cap on 10-year JGB yields was raised earlier this month, there is still a cap. On the other hand, market sentiments appeared to be boosted by relaxation of outbound travel in China. Additionally, BoJ’s Summary of Opinions indicated
CNN had the info ICYMI, an announcement from Taiwan’s President Tsai Taiwan will extend the period of mandatory military service for all eligible men from four months to a year the new conscription period will be implemented at the start of 2024 will apply to men born after 2005 Taiwan’s Defense Ministry: all conscripts under
Oil prices climbed on Wednesday as markets were optimistic about fuel demand recovery as China continues to ease its COVID-19 restrictions. Brent futures for February delivery rose 31 cents to $84.64 a barrel, a 0.4% gain, by 0117 GMT. U.S. crude advanced 22 cents, or 0.3%, to $79.75 per barrel. Amid the optimistic market mood
Yen and Dollar are trading mildly lower in quiet trading in Asia, which is not totally back from holiday yet. Australian Dollar is the stronger one, followed by other commodity currencies and Sterling. On the other hand, Euro and Swiss Franc are on the softer side. Market activity will remain generally subdued this week, with
Putin signed a decree that bans the sale of Russian oil to countries who imposed the oil price cap. It begins Feb 1, 2023 and continues until July 1, though Feb 1 won’t necessarily be the date for oil products. (Update: I’m told this only bans contracts that use the floor language, not necessarily oil
LONDON: Oil hit a three-week high on Tuesday as China‘s latest easing of COVID-19 restrictions spurred hopes of a fuel demand recovery, with further support coming from cuts to US energy production caused by winter storms. China will stop requiring inbound travellers to go into quarantine, starting from January 8, the National Health Commission said
Canadian Dollar is taking a pole position in quiet markets today. Overall picture is mixed, as other commodity currencies of Aussie and Kiwi are both losing some momentum. Dollar is turning slightly stronger, except versus Loonie. Sterling faced some selloff in early part of European session, but Euro is following later. The more persistent move
The holiday mood will continue after the Christmas break but that might not mean a pause in the action for stocks ahead of the new year. I’ve highlighted the technical predicament for the S&P 500 for a while now, ever since before we got to the Fed meeting earlier this month here. And that story
Oil prices rose in light trade on Tuesday on concerns that winter storms across the United States are affecting logistics and production of petroleum products and shale oil. Brent crude was up 73 cents, or 0.9%, at $84.65 a barrel by 0122 GMT, while U.S. West Texas Intermediate crude was at $80.41 a barrel, up
Despite a bit of a setback over the past few weeks, markets are arguably still sticking with their guns as we look towards next year. It is very much a case of nobody wants to buy what the Fed is selling – at least in terms of pricing and rates. That doesn’t bode well for
Mumbai, The rupee appreciated 17 paise to close at 82.65 (provisional) against the US dollar on Monday, tracking positive domestic equities and the weakening of the American currency in the overseas market. At the interbank foreign exchange market, the local unit opened at 82.79 and touched an intra-day high of 82.63 and a low of
Gold prices were flat during early Asian hours on Friday, as traders awaited economic data due later in the day to gauge the Federal Reserve‘s rate hike stance. * Spot gold was little changed at $1,793.22 per ounce as of 0034 GMT. U.S. gold futures rose 0.3% to $1,801.20. * Investors’ attention turns to personal
Today’s Canadian GDP data and federal budget stats highlighted an economy that was on a solid footing in Q4 and some of the tailwinds from oil prices. The numbers helped to cap USD/CAD at 1.3700 this week and after several attempts at that level failed, the pair has sagged down to 1.3563, which is the
New Delhi: Gold prices edged down at open, and were stuck in a tight range on Friday, amid thin trading. Bullion prices dropped fter US economic data highlighted the country’s economy rebounded faster than previously estimated, boosting the dollar and potentially setting the Fed on a keener path to fight inflation. Gold futures on were
The price of WTI crude futures are settling at $79.56 . That’s up $2.07 or 2.671% Frigid temperatures across most of US are contributing to the move to the upside. The high price today extended back over the $80 level to $80.30. The low price was down at 78.01. Looking at the hourly chart, the