Not much adds up about today’s US dollar selloff. For one, it’s rare to see the dollar lower right across the board. Generally, if there’s a risk-on or risk-off day, you’ll get an outlier like USD/JPY. Today though, the dollar is even down 25 pips against the yen and is making new lows as I
News
MELBOURNE: prices rose on Friday as an uprising in Kazakhstan stoked worry that crude supply from the OPEC+ producer could be disrupted at the same time output has dropped in Libya. Brent crude futures climbed 48 cents, or 0.6%, to $82.47 a barrel at 0127 GMT, adding to a 1.5% jump in the previous session.
Markets: Gold up $5 to $1794 Bitcoin down $1172 to $41,949 US 10-year yield up 3 bps to 1.767% — highest since 2019 S&P 500 down 10 points to 4686 CAD leads, USD lags (I haven’t written that often in the past year) There’s perhaps a story to tell in Friday trading if you’re so
NEW DELHI: Gold prices were trading marginally higher on Friday although hovering near a multi-week low following a sharp decline on Thursday. The chief of the World Health Organization (WHO) said the Omicron variant cannot be considered ‘mild’, while stronger yields capped bullion’s gains. Gold futures on MCX gained 0.08 per cent or Rs 38
At the time of writing, markets are still figuring out how to react to the mixed US non-farm payroll data. While the headline job grow was very disappointing, unemployment rate improved. More importantly, wages reported another month of strong growth. Canadian Dollar is trading mildly higher after strong job data, but there is no clear
I think the short-term chart in oil is instructive. WTI tried three times to break above $80.50 but failed and has now fallen to $79.17 from a high of $80.40 just before the US jobs report. I’m an oil bull but I’m skeptical of the latest rally from $76 to $80. Outages in Libya are
Gold in the national capital on Friday tumbled Rs 301 to Rs 46,415 per 10 gram in line with a decline in international prices of the precious metal, along with a rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 46,716 per 10 grams. Silver also tumbled Rs
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
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