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ISM services PMI index for November prior month 66.7 new orders 69.7 versus 64.0 estimate. Last month 69.7 employment index 56.5 versus 52.2 estimate. Last month 51.6 prices paid 82.3 versus 80.9 estimate. Last month 82.9 business activity 74.6 versus 69.8 in October supplier deliveries 75.7 versus 75.7 last month backlog of orders 65.9 versus 67.3
Indraprastha Gas Limited () has hiked CNG prices in Delhi, Haryana and Rajasthan. The CNG prices have been hiked with effect from 6 a.m. today “With effect from 6 am on 4th December 2021, @IGLSocial revises its CNG retail price in NCT of Delhi, Haryana & Rajasthan,” IGL tweeted. Here are the prices in your
Just as the world is concerned and confused with the newly discovered Omicron, Fed Chair Jerome Powell stirred up the markets further, by talking up faster tapering. The biggest reactions were found in US treasury yields on strong safe-haven flows. Major stocks indexes also turned sharply lower, solidifying the case of medium term correction. In
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
NCDEX e Markets Limited (NeML), a leading integrated e-Markets platform for commodities and intangibles, on Thursday announced its agreement with FINCHAIN Technologies to provide trade-financing options. Under this agreement FINCHAIN, an emerging company engaged in anchor led supply chain and invoice backed financing programs, will now make available bill discounting and trade-financing options to buyers/sellers
Canadian Dollar rises strongly entering into US session, as boosted by much stronger than expected job data. On the other hand, Dollar is struggling to react to mixed non-farm payroll data. As for today, the Loonie is the strongest one, followed by Swiss Franc and Euro. Aussie and Kiwi are so far the worst. But,
Forex news for North American trading on December 3, 2020 It will be an early close for Forexlive this weekend as our technology staff takes over with some changes. Today the focus was on the US jobs report and although payrolls was much less than expectations at 210K vs 550 estimate, there was nevertheless some underlying strength. Prior month revisions
Gold was set for a third straight weekly drop on Friday, weighed down by signals from Federal Reserve officials that the central bank could end its pandemic-era asset purchases and raise interest rates faster than expected to combat surging inflation. FUNDAMENTALS * Spot gold rose 0.1% to $1,771.04 per ounce by 0056 GMT after hitting
Both official and Caixin’s PMI reports suggest that China’s economic recovery remains fragile. Slipping into the contractionary territory, Caixin’s manufacturing PMI dropped -0.7 point to 49.9 in November. The official manufacturing PMI, however, climbed +0.9 point to 50.1 during the month, reclaiming expansion for the first time in 3 months. Both reports suggested stronger output
What to look for today from the NFP Trading gold has been relatively straight forward as of late. See here. When real yields and the USD fall together gold rises. When real yields and the USD rises then gold falls. This is why gold has been falling recently Powell has made a hawkish tilt by
NEW DELHI: Gold prices were trading higher on Friday, but were set for a third weekly fall, weighed down by hawkish signals from the Federal Reserve officials. The central bank hinted that it could end its pandemic-era asset purchases and raise interest rates faster than expected to combat surging inflation. Reduced stimulus and interest rate
Commodity currencies are turning weaker again in otherwise range trading markets. As for today, European majors are the stronger ones, as lead by Sterling. But there is no clear sign of follow through movements. Omicron seems to have slipped to the backstage. Traders are probably looking through to tomorrow’s non-farm payroll report to gauge how
US nonfarm payroll to add 550K jobs in November The US jobs report will be released at 8:30 AM ET. The expectations are for: Non Farm Payroll to add 550K jobs. That comes after a rise of 531K in October. That gain was above the 425K estimate. Job gains in September came in at 312K and August it was at 483K
New Delhi: Gold in the national capital on Thursday rose by Rs 112 to Rs 47,050 per 10 gram in-line with a recovery in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,938 per 10 gram. In contrast, silver slipped Rs 203 to Rs
While the US stock extended the near term steep pull back overnight, Asian markets are relatively steady and are just mixed. Major currency pairs and crosses are also stuck in tight range for consolidation. As for the week, Swiss Franc and Yen are the stronger ones on risk off sentiment, on both Omicron and talk
Media coverage was never this concerned about the delta variant Invest in yourself. See our forex education hub. The science involved in the omicron variant certainly piques more interests as it pokes at curiosity considering the many mutations but outside of that, what exactly is causing omicron to exude a much stronger threat than the
NEW DELHI: Gold prices eased on Thursday hurt by a strong dollar but concerns on virus uncertainty capped downside. Meanwhile, investors also assessed central bankers’ next moves as they are likely to respond to surging inflation and concerns over economic growth spurred by the new Omicron variant. Gold futures on MCX were down 0.20 per