Markets are generally steady as focus turns to non-farm payroll from US today. For the week so far, Sterling and Dollar are still the strongest ones, as supported by strong rally in benchmark yields and expectation of hawkish central bank actions. Euro is mixed, pressured by the Pound but steady against Dollar. Yen’s weakest place
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Gold inched up on Friday, hovering close to a two-week low hit in the previous session, after the chief of the World Health Organisation (WHO) said the Omicron variant cannot be considered ‘mild’, while stronger yields capped bullion’s gains. FUNDAMENTALS * Spot gold was up 0.2% to $1,791.73 per ounce by 0100 GMT. U.S. gold
Yen is trying to recover on weaker risk sentiment today. But momentum is relatively soft against Dollar and Europeans. Aussie and Kiwi follow broader risk markets lower. Sterling and Dollar remain the strongest ones for the week, on expectation of hawkish BoE and Fed. Euro and Swiss Franc are mixed, with Euro having a slight
US factory orders for November 2021 1.6% versus 1.0% last month revised to 1.2% factory orders ex transportation 1.3% versus 1.6% last month revised to 1.8% shipments increased 0.7% versus 2.0% in October unfilled orders is up 10 consecutive months after a 0.7% increase (up 0.3% in October) unfilled orders to shipments ratio was 6.78
New Delhi: Gold price in the national capital on Thursday tumbled Rs 284 to Rs 46,700 per 10 grams in tandem with a decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,984 per 10 grams. Silver also dipped by Rs 1,292 to
More hawkish than expected FOMC minutes sent US stocks lower overnight, and the negative sentiment carries on in Asian session. Australian Dollar leads commodity currencies sharply lower. Yen recovers but buying is weak on strong treasury yields. Dollar is also mildly firmer together with Euro. Technically, we’ll look at some Yen crosses to gauge if
ING citing: The UK government’s decision to power through the Omicron surge with relatively few restrictions seems to have been rewarded by investors. Here the rationale seems to be that an open economy and continued high energy prices will keep the risk of a further BoE tightening in February in play. Remember that UK inflation
SINGAPORE: prices lost ground on Thursday, easing from their highest levels in more than a month as OPEC+ producers stuck to a plan to boost production and U.S. fuel stockpiles surged amid declining demand. The global benchmark Brent crude futures fell 87 cents, or 1.08%, to $79.93 a barrel, as of 0154 GMT. U.S. West
Markets turned mixed as traders await FOMC minutes. The much stronger than expected US private job data provides little inspiration to the markets. Dollar pares back some gains but remain the second strongest for the week next to Sterling. Yen is also recovering but remains the worst performing, followed by Canadian. Euro is mixed together
Ford sold 173,740 vehicles in the US in December, a fall of 17.1% from last December. That could be a sign of omicron hitting consumers, as the weather was good in most of the country in the month. In the fourth quarter overall, Ford sold 508K vehicles, which is up 26.8% from Q3 but the
New Delhi: Gold in the national Capital on Wednesday jumped Rs 154 to Rs 46,969 per 10 grams amid a rally in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 46,815 per 10 grams. Silver also rallied Rs 352 to Rs 60,725 per kg, from
The forex markets turn quiet in Asian session today. While DOW surged to new record high overnight, S&P 500 and NASDAQ closed slower. Asian markets are also mixed. Investors are holding their bets for now, awaiting FOMC minutes and, more importantly, US non-farm payrolls later in the week. For now, Yen remains overwhelmingly the worst
Beginning with: “At this point it is too early to make any statement on the damage or whether the incident will have any impact on the output plan for this year,” ASML said, adding that it would take several days to assess the damage and it would update markets as soon as it can. So,
LONDON: Oil prices rose 2 per cent on Tuesday as OPEC+ producers agreed to stick with their planned increase for February based on indications that Omicron would have only a mild impact on demand. Brent crude was up $1.50, or almost 2 per cent, at $80.48 a barrel by 1450 GMT and U.S. West Texas
Global financial markets are in full risk-on mode today. Major European indexes are trading higher while US futures indicates that record run is continuing. In the currency markets, Yen’s steep selloff continues and looks unstoppable. Dollar is performing well as supported by rally in treasury yields. Euro, on the other hand, is rather weak, in
The OPEC+ meeting is ongoing now and it shouldn’t be long before we see leaks saying that the planned 400,000 barrel per day increase slated for February is approved. OPEC undoubtedly feels vindicated after last months’ decision to stick with the hike despite omicron and falling prices (at the time). Crude has since turned around
Gold price in the national capital on Tuesday plunged by Rs 302 to Rs 46,814 per 10 grams, reflecting an overnight decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,116 per 10 grams. Silver also declined by Rs 597 to Rs 60,625 per
Yen selloff is the main theme in the Asian markets today, in particular as USD/JPY breaks out on the upside with acceleration. The move was fueled by strong rally in US treasury yields overnight, as well as rally in Nikkei and benchmark JGB yield. Dollar is currently the strongest one for the, reversing much of