Last month 11.1 US Empire manufacturing index vs -31.3 vs. 5.0 estimate new orders -29.6 vs. +6.2 last month prices paid -55.5 vs. -64.3 last month prices received 32.7 vs. 31.3 last month employment 7.4 vs. 18.0 last month shipments -24.1 vs. +25.3 last month unfilled orders -12.7 vs. -5.2 last month delivery time -0.9
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Commodity currencies soften mildly in Asian session today, following weaker than expected economic data from China. On the other hand, Yen is leading Dollar and Swiss Franc higher. Euro and Sterling are mixed for now. Overall sentiment is mixed, with notable gains in Nikkei but other Asian indexes are sluggish. Gold is still struggling to
Oil prices rose by over 1% on Thursday after the International Energy Agency raised its oil demand growth forecast for this year as soaring natural gas prices lead some consumers to switch to oil. Brent crude futures gained $1.29, or 1.3%, to $98.69 a barrel by 1348 GMT, while U.S. West Texas Intermediate crude futures
Japan economic growth data for April to June 2022. 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 number in the column next to that, where is
Gold witnessed mixed trade and hovered in a range near $1800/oz level but still managed to end higher for the week. Gold gained 1.5% last week marking its fourth consecutive gain. Gold’s four weekly rally shows bullish sentiment however it has come on the back of five weeks of consecutive losses. The sharp and mixed
What key economic releases and events are on the schedule for the week starting on August 15. Monday, August 15 Empire State manufacturing index, 8;30 AM ET, Est 5.1 vs 11.1 last month Tuesday, August 16 Reserve Bank of Australia monetary policy meeting minutes, 9:30 PM ET Monday Canada CPI, 8:30 AM ET. Wednesday, August
Oil prices dipped in early trade on Friday amid uncertainty on the demand outlook based on contrasting views from OPEC and the International Energy Agency (IEA), but benchmark contracts were headed for weekly gains as recession fears eased. Brent crude futures fell 34 cents, or 0.3%, to $99.26 a barrel at 0112 GMT, while U.S.
The major US indices are closing higher for the 4th consecutive week today, the gains were led by the NASDAQ index which rose over 2%. All 11 sectors of the S&P index rose. A look at the final numbers shows: Dow industrial average rose 424.3 points or 1.27% to 33761.04 S&P rose 72.86 points or
Expectations on the size of next Fed rate hike shifted again last week, with stocks cheering lower than expected consumer inflation reading in the US. Dollar ended as the worst performer but it did have a late come back following rebound in benchmark treasury yields. Indeed, it was the late selloff in Sterling and Euro,
Gold prices were flat on Friday, weighed down by an uptick in the Treasury yields and prospects of U.S. interest rate hikes, although broader weakness in the dollar kept bullion on track for its fourth weekly gain. FUNDAMENTALS Spot gold was flat at $1,787.57 per ounce, as of 0120 GMT. However, bullion has gained 0.7%
An acceleration of coronavirus cases late in the week has plunged more areas in China into tighter restrictions and complete lockdown. Including: In the southern province of Hainan two cities (total population just under 1 million), Dongfang and Chengmai, extended the lockdowns currently in place. The 3 data lockdown are now for around a week,
NEW DELHI: Gold prices held steady on Friday weighed down by an uptick in the Treasury yields and prospects of US interest rate hikes, although broader weakness in the dollar kept bullion on track for its fourth weekly gain. Data on Thursday showed US producer prices unexpectedly fell in July. It came a day after
The USD moved higher in trading today as focus shifted from the lower inflation seen this week in the US to the troubles in other nations. German’s Rhine River, moved below a critical navigational level which could impact energy (coal travels the river), hydro power, trade, slow growth and increase inflation. That is not good
Sterling falls broadly today while smaller than expected GDP contraction didn’t ease recession worry. Euro is also weak following decline in Germany benchmark yield, but Yen was worse. Dollar, on the other hand, is trying to reverse this week’s losses, with help from the strong rebound in 10 year yield. But upside of the greenback
Gold price in the national capital on Friday declined by Rs 90 to Rs 52,915 per 10 grams, according to HDFC Securities. The precious metal had closed at Rs 53,005 per 10 grams in the previous trade. Silver also dipped by Rs 374 to Rs 59,166 per kg from Rs 59,540 per kg in the
Headlines: Markets: USD leads, GBP lags on the day European equities a little higher; S&P 500 futures up 0.4% US 10-year yields down 1.9 bps to 2.87% Gold down 0.2% to $1,785.72 WTI crude down 1.5% to $92.87 Bitcoin down 2.1% to $23,690 It was once again another quiet summer’s day in Europe with a
Dollar remains the worst performing major currency for the week, but the dynamics are shifting. Yen is giving up much of its gain, following the strong rebound in benchmark treasury yields, but Swiss Franc is still firm. Euro and Sterling are somewhat under pressure too, while smaller than expected GDP contraction gives the Pound little
OPEC on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia’s invasion of Ukraine, high inflation and efforts to contain the coronavirus pandemic. The view from the Organization of the Petroleum Exporting Countries contrasts with that of the International Energy Agency,