Consumers continue to get relief from rising fuel prices as oil marketing companies (OMCs) have kept pump prices of petrol and diesel unchanged post revision of duties by the state governments on Diwali eve. Accordingly, petrol and diesel prices remained static for the 15th consecutive day on Friday, under the daily price revision mechanism followed
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Dollar’s retreat continues in Asian session, but it remains one of the strongest for the week, just next to Sterling. On the other hand, while Euro is recovering, it’s still the worst performing one followed by Aussie. Overall, the markets are staying in a near term consolidative phase with mixed performance in stocks and yield,
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 inched higher on Friday but were set for their first weekly decline in three as rising inflation fuelled bets of quicker interest rate hikes and dented bullion’s appeal. FUNDAMENTALS * Spot gold rose 0.2% to $1,861.43 per ounce by 0241 GMT, but was down 0.1% so far in the week. U.S. gold futures
The forex markets are a bit mixed today while trading is subdued. New Zealand Dollar stays as the strongest on RBNZ rate hike expectations. Swiss Franc and Euro are following, primarily thanks to recovery against Sterling. Yen is currently the weakest one for the day, followed by the Pound and then Canadian. But the weekly
Comments for US leading index for September 2021 prior month was revised down to 0.1% from 0.2% leading index 0.9% versus 0.8% estimate Coincident Economic Index® (CEI) for the U.S. increased by 0.5 percent in October to 106.3 (2016=100), after remaining unchanged in September and a 0.1 percent increase in August. Lagging Economic Index® (LAG) for the
Cooking oil prices are again on the rise. Prices of soya oil that are consumed majorly by Indian urban households have gone up by almost Rs 3 per litre at the retail end while palm oil prices have moved up by Rs 2-3 per litre in the last one week, with no immediate respite in
New Zealand Dollar trades mildly higher today, after an RBNZ survey shows firm expectation of more rate hike ahead. On the other hand, Canadian Dollar weakens broadly as WTI crude oil’s pull back extends below a near term support level. Overall, Sterling and Dollar remain the strongest ones for the week. Euro is recovering slightly
The latest International Atomic Energy Agency report says Iran’s store of uranium enriched to 60% levels increased 77% to 17.7 kilograms This could be used in nuclear weapons says the report. “The Agency’s verification and monitoring activities have been seriously undermined as a result of Iran’s decision to stop the implementation of its nuclear-related commitments,” IAEA Director
Gold prices edged up on Thursday, as the eased and U.S. bond yields retreated from a three-week high, lifting bullion’s appeal. FUNDAMENTALS * Spot gold rose 0.1% to $1,869.45 per ounce by 0046 GMT, after hitting a fresh over five-month peak on Wednesday. U.S. gold futures gained 0.1% to $1,871.50. * The dollar fell 0.1%,
Sterling jumps broadly today after much stronger than expected consumer inflation data, that raises the chance that BoE will “have to act” on interest rates soon. On the other hand, Canadian Dollar shrugs off strong, but inline with expectation CPI. Dollar is still among the strongest for the week, but it’s apparently taking a breather
The weekly EIA energy inventory levels Crude oil -2.101M versus estimate of 1.398M. Last week crude inventories rose 1.0M Gasoline -0.132M versus estimate of -0.575M. Last week gasoline inventories felt -0.122M Distillates -0.824M versus estimate of -1.229M. Last week distillates fell -2.613M Cushing 0.216M versus last week -0.034M. Refining utilization 1.200% versus expected 0.7% crude oil production 11.4M
New Delhi: Gold in the national capital on Wednesday declined by Rs 402 to Rs 48,116 per 10 gram, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 48,518 per 10 gram. Silver also dipped Rs 528 to Rs 65,218 per kilogram from Rs 65,746 per kilogram in the
Dollar’s rally extends in Asian session, with EUR/USD breaching 1.13 key support zone. Meanwhile, USD/JPY also breaks 114.86 near term top. Sterling is so far very resilient as markets await inflation data from the UK. Canadian Dollar is just mixed ahead of Canada CPI. Much volatility is likely in the day ahead. In other markets,
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
NEW DELHI: Gold prices inched higher on Wednesday but analysts warned that a sharp rise in the prices makes the yellow metal vulnerable to corrections, especially if the US dollar holds firm. Gold futures on MCX were trading marginally higher by 0.11 per cent or Rs 53 at Rs 49,090 per 10 grams. Silver futures
Sterling rises broadly today with help from solid job data, which eased the concerns over the impact of end of furlough scheme. Dollar is also firm as supported by better than expected retail sales sales. Euro is trying to digest some losses but stays weak on dovish ECB expectations. On the other hand, commodity currencies
The comments are in line with acting EIA head Nalley The House Majority Leader Hoyer is diverging from Senate Majority Leader Schumer who would like to see the strategic petroleum reserves tapped in an average lower gas prices. Hoyer is siding with the EIA acting head Nalley who today said that tapping the SPR would only have a short lived impact on oil markets. He is saying: Hee