What’s your thinking like? Are you a robust statistical thinker? Have you ever studied statistics and probabilities? Do you rely solely on gut feel and intuition? If you don’t have a good grasp on where you stand on these topics then the probability is that you have some gapings holes in your logical thinking ability.
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Rough diamond prices have risen about 10% owing to supply concerns amid a new Covid-19 variant, Omicron, spreading in South Africa and Botswana. These two nations have some of the biggest mines of De Beers, the largest diamond miner in the world. The surge in diamond prices coupled with a possible supply side constraint has
Hawks were thrilled with Biden’s nomination of Jerome Powell for the second term, thinking that his chairmanship would lead to more rate hikes in the coming year, than that of Lael Brainard, initially viewed as the leading candidate of the Fed Chair in the next term. She is now nominated as the vice chairman. US
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
Gold prices edged up on Thursday as the eased slightly, but comments from U.S. Federal Reserve policymakers suggesting the central bank could accelerate stimulus tapering weighed on the metal and kept it well below the key $1,800 mark. FUNDAMENTALS * Spot gold rose 0.2% to $1,792.05 per ounce by 0137 GMT, after slipping to its
Investor confidence was shattered by the news of the heavily mutated B.1.1.529 coronavirus variant, now called omicron. WHO warned that this variant has a large number of mutations, some of which are concerning. It added that preliminary evidence suggested an increased risk of reinfection with this variant. It may also have a growth advantage to
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
MELBOURNE: prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy U.S. fuel demand. U.S. West Texas Intermediate (WTI) crude futures fell 9 cents, or 0.1%, to $78.30 a barrel at
New Zealand Dollar weakens in Asian session after RBNZ rate hike, and leads other commodity currencies lower. Dollar firms up mildly as it’s ready to extend recent rally, except versus Yen for now. European majors are mixed, with Sterling have a mild upper hand against Euro and Swiss Franc. Gold is treading water below 1800
Risk off reigns Black Friday sale hits the markets. Did you grab a bargain? The session begun with a clear risk off footing. However, the initial early European risk off frenzy had slowed significantly by the time the session begun. At this stage it is hard to really read too much into these risk off
SINGAPORE: prices slid more than 1% on Friday on concerns that a global supply surplus could swell in the first quarter following a coordinated release of crude reserves among major consumers, led by the United States. Brent crude futures extended declines for a third session, falling 96 cents, or 1.2%, to $81.26 a barrel by
The new coronavirus variant is the main them in the markets today, sending global stocks and benchmark treasury yields sharply lower. Yen and Swiss Franc are trading sharply higher, followed by Euro. Commodity currencies tumble sharply on risk aversion but Sterling and Dollar are also pressured. For the week, Swiss Franc is now the strongest
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
SINGAPORE: Brent slid nearly 4% to below $80 a barrel on Friday as a new COVID-19 variant spooked investors, adding to concerns that a global supply surplus could swell in the first quarter following the release of crude reserves by the United States and others. Oil fell in tandem with other financial markets on fears
Risk-aversion dominates Asian markets today as new coronavirus variant sinks investor sentiment. Australian Dollar is leading other commodity currencies lower. Yen and Swiss Franc surge sharply, followed by Euro and Dollar. Overall, it’s flight to safety. The question now is, whether Aussie or Kiwi would eventually end as the worst performing one for the week,
Daily thread to exchange ideas and to share your thoughts Risk trades are battered as markets are cowering in fear amid news of a new COVID-19 variant stemming from South Africa. The ‘Nu’ variant is compounding concerns in a time where thinner liquidity conditions are prevailing amid the Thanksgiving holiday. US stocks and bonds will be up
NEW DELHI: Risk of another wave of Covid pandemic, thanks to a mutation detected in South Africa, increased the appeal of bullion counters on Friday as investors took a flight from risky assets. Indian authorities alerted all states about the new variant and asked them to rigorously screen and test travellers coming from or transiting
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -5.98 mmb to 1217.89 mmb in the week ended November 19. Crude oil inventory added +1.02 mmb to 434 mmb, compared with consensus of a -0.48 mmb increase. Inventory increased in 3 out of