Two important messages delivered at the ECB meetings are: 1) the end of the front-loading of PEPP asset purchases and 2) acknowledgement of a more persistent inflation pressure. The policy rates were all kept unchanged with the main refi rate, the marginal lending rate and the deposit rate staying at 0%, 0.25% and -0.5% respectively.
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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
Saturday saw the pause in fuel price revision extending to the sixth day on run as oil companies continued to keep the pause button pressed on retail rates. In Delhi, petrol retailed at Rs 101.19 a litre on Saturday. The prices of petrol in Mumbai, Chennai and Kolkata stood unchanged at Rs 107.26, Rs 98.96,
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
The government has reduced import duty on edible oils in order to provide respite to consumers amid rising food prices ahead of the consumption-driven festive season. The Central Board of Indirect Taxes and Customs (CBIC) issued a notification to the effect, “on being satisfied that it is necessary in the public interest to do so.”
20 years ago suddenly things changed Tomorrow is the 20th anniversary of September 11, 2001. That day saw a plane crash into the Pentagon, another crash in Shanksville Pennsylvania presumably before reaching its intended target at the Washington Capitals or White House. However, it was the two planes that crashed into the World Trade Center
Kolkata: Digital gold players see a 5 per cent drop in sales in FY22 as market regulator Securities Exchange Board of India (Sebi) banned buying digital gold from stockbrokers effective from September 10. Digital gold sales, which picked up since the pandemic broke out, is around Rs 4000 crore annually. Digital gold players are now
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks sank -10.39 mmb to 1233.43 mmb in the week ended September 3. Crude oil inventory declined for a 8 consecutive week, down -1.53 mmb (consensus: -4.61 mmb) to 423.87 mmb. Stockpile fell in PADD 3,
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: After witnessing net outflow in July, gold exchange-traded funds (ETFs) attracted Rs 24 crore in August on a positive global outlook, reflecting an improving sentiment towards the yellow metal. The total inflow has reached Rs 3,070 crore in the asset class during the first eight months of the current year (January-August), data with
Canadian Dollar rebound strongly in early US session after stronger than expected job data. Commodity currencies are also generally firm with European stocks and US futures, followed by Sterling. On the other hand, Yen, Swiss Franc and Dollar are turning softer, but Euro is not too far away. The question now is whether the risk
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: Oil prices rose for a second session on Thursday, recovering from earlier losses as a decline in US Gulf of Mexico output following damages from Hurricane Ida underpinned the market. Brent added 23 cents, or 0.32% to $72.83 a barrel at 0221 GMT and West Texas Intermediate (WTI) crude rose 15 cents, or 0.22%,
Overall, the forex markets are rather mixed as we’re heading towards the weekend. Euro is staying weak in European crosses, but selling slowed against Dollar and Yen. Meanwhile, commodity currencies are trading mildly higher, but remain the worst performers for the week. Dollar turned weaker against Swiss Franc and Yen, but there is no range
Natural gas inventories surprisingly rose US natural gas inventories rose by 52 bcf compared to 40 bcf expected a short time ago. Next up is the US EIA oil inventory data, which is delayed from its usual Wednesday release because of Labor Day. Here’s the consensus: Oil -4612K Gasoline -3390K Distillates -2617K Refinery utilization -4.9%
NEW DELHI: Following global trends, gold was trading lower on Thursday. A strong US dollar weighed on the sentiments, whereas investors awaited a policy decision by the European Central Bank (ECB) due later in the day. Gold futures on MCX were down 0.25 per cent, or Rs 118, at Rs 46,920 per 10 gram. Silver
Euro tumbles notably against European majors and Yen today, and ECB’s re-calibration of PEPP purchases provide no support. But Dollar is seen as equally weak. Sterling is currently the star performer for today, followed by Swiss Franc and Yen. Commodity currencies are mixed. Focuses will now turn back to development in stocks and bonds markets,
Société Générale near term bullish on gold, but see it lower next year Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT SG on the short-term gold influences and looking ahead to 2022: We still remain slightly supportive in the near-term as we expect monetary and fiscal policy to