The forex markets are somewhat in hibernation mode this week. Dollar is currently the weakest one, followed Yen. Commodity currencies are generally firm. But Swiss Franc is the strongest, thanks to buying against the weakening Euro and Sterling. But overall, with the exception of a few Yen pairs, major pairs and crosses are staying inside
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Oil prices dipped in early trade on Tuesday on the latest progress in last-ditch talks to revive the 2015 Iran nuclear accord, which would clear the way to boost its crude exports in a tight market. Brent crude futures fell 27 cents, or 0.3%, to $96.38 a barrel at 0027 GMT, paring a 1.8% gain
This earlier on dollar implications of the CPI from Morgan Stanley: The data is due at 1230 GMT: This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are GMT. The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The
Euro rises slightly as market sentiments are flip-flopping today. Sterling and Swiss Franc are also trading higher. On the other hand, commodity currencies turn soft with Aussie paring most of recent gains. Dollar and Yen are mixed for now. IN other markets, Silver is trading firmer but Gold is still range bound. WTI crude oil
Gold prices were flat on Tuesday as dollar and Treasury yields fell, while investors looked forward to U.S. inflation data later this week that could offer more clarity on the Federal Reserve’s rate hike path. FUNDAMENTALS * Spot gold were flat at $1,786.86 per ounce, as of 0112 GMT, after rising 0.8% in the previous
Headlines: Markets: EUR leads, CAD lags on the day European equities lower; S&P 500 futures down 0.2% US 10-year yields up 3.6 bps to 2.80% Gold up 0.1% to $1,791.13 WTI crude up 1.3% to $91.91 Bitcoin down 3.1% to $23,320 It was a quiet session with little in terms of headlines or narratives for
The forex markets are very quiet in Asian session today, and could remain so for the day with an ultra light economic calendar. Australian Dollar and Swiss Franc are currently the stronger ones for the week, followed by Canadian and Kiwi. On the other hand, Dollar and Yen are both on the softer side, together
Gold prices are hovering near a month’s high, having climbed sharply from their recent lows. The rising tensions between the US and China have given a leg-up to the yellow metal. However, upbeat jobs data in the US, recovery in the dollar and firm bond yields dented the bullion’s appeal. Traders are also awaiting the
BoA on G10 FX, a quick snippet view: We expect the USD to remain strong for the rest of this year. The overheating US economy and the hawkish Fed have a lot to do with the strong USD.For the USD to weaken, the Fed has to be more concerned about growth than about inflation, and
The financial markets are trading with a risk-on mood today. Major European indexes are trading up while US futures also point to higher open. Commodity currencies are trading generally higher, as led by Aussie. Meanwhile, Dollar is leading Yen and Euro lower. Sterling and Swiss Franc are mixed for now, trading a bit on the
Gold in the national capital on Monday rose by Rs 97 to Rs 52,490 per 10 gram amid rise in international precious metal prices along with depreciation in rupee, according to Securities. The yellow metal had closed at Rs 52,393 per 10 gram in the previous trade. Silver also jumped by Rs 527 to Rs
The jump higher in the dollar after the US jobs report on Friday was encouraging but there still needs to be more in order to vindicate a return back to the year’s highs for the greenback. For now, the price action today suggests that market players are not convinced and USD/JPY tipping back below 135.00
Yen stays generally soft in relatively quiet markets in Asia. But Dollar also softens slightly. On the other hand, Australian Dollar is firmer up on steady market sentiment, as followed by Swiss Franc and Euro. Sterling and Canadian are mixed for now. The economic calendar is light this week. The most market moving even would
It was a good week for gold, at least until Friday. However, the US jobs report has forced market players to reassess if the recent upward momentum can continue for long. Gold rose 0.5 per cent last week, marking its third consecutive weekly gain but ended well off the lows and short of the key
Sanya, in Hainan province, was in the headlines last week with partial shut-ins: A full city-wide lockdown is now in place, ‘static management’ the new buzzwords from the bureaucrats in charge: cases there spiked to more than 200 on Friday movement will be restricted except for those who provide essential public services, and emergency work
There was an abrupt rise in commodity prices when Russia invaded Ukraine in the last week of February. Supply constraints and worries about inflation have helped commodity prices surge to record or multi-year highs. Although a correction was witnessed in several other commodities, natural gas prices remain unchanged. Restricted supplies from the world’s largest gas
China trade data for July 2022 was released on Sunday: This snapshot is from the ForexLive economic data calendar, access it here. China’s economy continued to recover from lockdowns earlier in the year through July, the best growth in exports will be welcome. Less welcome of course is the miss on imports, this will be
Oil prices extended losses on Friday, after hitting their lowest since before Russia’s February invasion of Ukraine in the previous session, as the market fretted over the impact of inflation on global economic growth and demand. Brent crude dropped 10 cents, or 0.1%, to $94.02 a barrel by 0047 GMT, while U.S. West Texas Intermediate