Traders added to the bet of a June rate hike by Fed after stronger consumer inflation reading. Dollar surged across the board with Dollar index taking out an important fibonacci level. Benchmark currency yields staged a strong rebound. But stocks were very resilient despite intensify speculation of an early Fed hike and rising yields. Gold
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Forex news for North American trade on November 12, 2021: Markets: Gold up $3 to $1865 US 10-year yields up 2 bps to 1.57% WTI crude oil down 78-cents to $80.81 S&P 500 up 32 points to 4681 AUD leads, EUR lags The UMich survey has a spotty recent history but a 10-year low is
Gold was flat on Friday but was set for its biggest weekly jump in six months, as high U.S. consumer prices drove interest in the metal as an inflation hedge. FUNDAMENTALS * Spot gold was steady at $1,860.81 per ounce by 0110 GMT, after leaping to a five-month peak on Wednesday. U.S. gold futures edged
Overall, trading in the forex market is rather subdued today. Dollar is retreating mildly but remains the strongest one for the week. Yen remains the distant second, while Sterling is third. On the other hand, Australian Dollar is the weakest one, followed closely by New Zealand Dollar. Euro and Swiss Franc are mixed. Gold also
Highlights of the job openings and labor turnover survey Prior was 10.439M (revised to 10.63M) job openings 10.438M vs 10.3. 10.63 Hires were little change at 6.459 million. Last month the hires came in at 6.497M Separations little change at 6.218 million. Last month total separations came in at 6.032M Quits increase to 4.4 million (+164,000 on the
NEW DELHI: Gold prices edged marginally lower on Friday, in tandem with global mood, but high inflation kept the downside capped. Analysts believe the global inflation worries will continue to support gold prices in the near term. Gold futures on MCX were trading lower by 0.23 per cent or Rs 111 at Rs 49,105 per
Dollar’s broad based rally continues in Asian session today and looks set to have a strong close for the week. Talking about weekly performance, Yen is following the greenback as the next strongest. New Zealand Dollar and Australian Dollar are competing for the worst performing spot. European majors are mixed with Euro, Sterling and Swiss
Forex news for Asia trading on Friday 12 November 2021 The move higher for the USD on Thursday in the US carried on in Asia today albeit in more limited ranges. USD/JPY scaled heights above 114.25 and USD/CHF, too, added gains. EUR, GBP, AUD, NZD, CAD all fell, to varying degrees. Data flow was barely
MELBOURNE: prices drifted lower on Friday, wiping out gains from the previous session, as the continued to rise on bets the U.S. central bank will bring forward plans to raise rates to tame inflation. U.S. West Texas Intermediate (WTI) crude futures fell 26 cents, or 0.3%, to $81.33 a barrel at 0128 GMT, reversing Thursday’s
Selloff in Canadian Dollar gathers pace today as WTI oil price is quickly heading back towards 80 handle. Other commodity currencies are also weak, with Aussie weighed down by poor job data. On the other hand, Dollar is staying firm without clear sign of loss momentum yet. Yen is also not performing too bad, as
Forex news from the European trading session – 11 November 2021 Headlines: Markets: GBP leads, CAD lags on the day European equities mostly higher; S&P 500 futures up 0.3% Gold up 0.4% to $1,857.60 WTI down 0.8% to $80.67 Bitcoin up 0.8% to $64,797 The dollar continued its advance after the hot US CPI data
inflation has been bad news for gold. Now it’s giving the metal a shot in the arm. While bullion is often bought as a way to protect wealth when consumer prices are climbing, this year’s inflation had weighed on the metal as investors bet that it would spur the Federal Reserve to scale back huge
Dollar stays generally firm in Asian session, following the post CPI rally overnight. Yen is some what helped by the selloff in stock markets despite rebound in US yields, and remains firm except versus the greenback. On the other hand, Australian Dollar tumbles sharply following much worse than expected job data, and leads other commodity
Forex news for Asia trading on Thursday 11 November 2021 The news that Evergrande had reportedly paid its interest on bonds provided a positive input for sentiment during the session here, resulting in mixed performance across regional equities. The Shanghai Composite inched a little higher but Japan and Hong Kong did not fare so well.
Gold prices were flat on Thursday after a surge in U.S. consumer prices drove the metal, seen as an inflation hedge, to a five-month peak in the previous session. FUNDAMENTALS * Spot gold was little changed at $1,850.00 per ounce by 0100 GMT, after hitting its highest since June 15 on Wednesday. * U.S. gold
Dollar rises sharply in early US session after much stronger than expected consumer inflation data, which hit multi-decade high. For now, New Zealand Dollar is the worst performer today, followed by Sterling and then Euro. Yen is retreating against the greenback but stays steady against others. Technically, despite notable rally, Dollar is generally still stuck
Frong-end of the bond market in charge USD/JPY is at the highs of the day, up 77 bps to 113.64. There’s an element of the Fed losing control of the narrative here. USD/JPY and US rates had been falling since the FOMC as officials pushed back on inflationary fears and underscored their reasons that inflation
New Delhi: Gold price in the national capital on Wednesday gained Rs 137 to Rs 47,311 per 10 grams amid rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,174 per 10 grams. Silver, however, declined by Rs 160 to Rs 63,482 per kilogram from Rs 63,642