Despite global copper markets experiencing tough fundamentals, the metal is poised to close trading this year with a mild positive bias. The global energy crisis intensified by the Russian-Ukraine war, US Fed’s monetary policy, and persistent worries over China’s economy pondered the sentiment of the metal. Copper prices in the key London Metal Exchange started
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The major US indices are closing the day higher and near highs for the day. At session lows the Dow Industrial Average was down -213 points S&P index was down -25.37 points NASDAQ index was down -114.30 points The final numbers for the day are showing: Dow industrial average rose 176.42 points or 0.53% at
Gold prices reached a six-month high of $1833 during the week as the number of Covid cases surged across countries, triggering a safe haven appeal for the metal. At the time of writing, gold prices hovered around $1805, making a significant slide from the highs but still are up 0.9% for the week gone by.
There was a flurry of data today before markets settled into the holiday week ahead that will have Stock and bond markets closed on Monday in observance of Boxing Day and Christmas and early closes next Friday and on Monday for New Years. The forex market will be open Monday to Friday as is customary,
Gold prices declined by Rs 372 to Rs 54,853 per 10 grams in the national capital on Friday amid weak trends in precious metal in global markets, according to Securities. The precious metal had ended at Rs 55,225 per 10 grams in the previous trade. Silver climbed marginally by Rs 15 to Rs 69,273 per
Trading is rather subdued in pre-holiday markets today. Yen was softer in Asian session but remains the strongest one for the week, maintaining most of post-BoJ gains. There was little reaction to CPI data from Japan. Canadian Dollar is the second strongest followed by Swiss France. On the other hand, New Zealand Dollar is the
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
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
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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