The RBA is widely expected to leave the cash rate unchanged at 0.1%. Given the mixed economic data flow since the last meeting, the uncertainty of the Omicron variant and the scheduled discussion about asset purchases in February, policymakers would stand pat at the upcoming meeting. They would also reinstate that a rate hike next
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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 your initial investment; do not
New Delhi: Gold in the national capital on Monday gained Rs 29 to Rs 46,974 per 10 gram supported by rupee depreciation despite weak international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 46,945 per 10 gram. Silver, however, dipped Rs 149 to Rs 60,137 per
The PBOC announced to cut the reserve requirement ratio (RRR) by -50 bps, effective December 15. Yet, the reduction will not apply to financial institutions with existing RRR of 5%. Releasing about RMB 2 trillion in long-term liquidity, the amount is not significant but sent a signal that more stimulus would follow to boost the
NEW DELHI: Gold prices kicked off the new week on a positive note amid growing Omicron worries although the rising US dollar capped the upside for the bullion. Market participants also weighed the prospect of a faster ending to pandemic-era asset purchases by the US Federal Reserve after data suggested the labour market was rapidly
Dollar rises slightly in Asian session today, as markets await non-farm payrolls report from the US. Commodity currencies are generally lower despite to strong rebound in US stocks overnight. As for the week, Swiss Fran and Yen remain the strongest ones followed by Dollar. Aussie and Kiwi are the weakest. We’ll see how NFP would
Gold prices eased on Thursday hurt by a firmer , as investors assessed how central banks are likely to respond to surging inflation and concerns over economic growth spurred by the new Omicron coronavirus variant. FUNDAMENTALS * Spot gold XAU= fell 0.1% to $1,780.36 per ounce by 0050 GMT. U.S. gold futures GCv1 dropped 0.1%
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Preliminary estimate came in at 56.5. Services index comes in at 58.0 up from 57.0 in the flash estimate Markit PMI composite 57.2 versus 56.5 preliminary Services index 58.0 vs 57.0 preliminary Chris Williamson, the chief business economist at IHS Markit says: “US business activity continued to grow at a solid rate in November, adding to signs that
TOKYO: prices rose on Thursday, reversing the previous day’s losses, on expectations OPEC+ may pause supply additions amid growing concern the spread of the Omicron coronavirus variant could weigh on the global economy and fuel demand. U.S. West Texas Intermediate (WTI) crude futures gained 48 cents, or 0.7%, to $66.05 a barrel by 0140 GMT,
ISM services PMI index for November prior month 66.7 new orders 69.7 versus 64.0 estimate. Last month 69.7 employment index 56.5 versus 52.2 estimate. Last month 51.6 prices paid 82.3 versus 80.9 estimate. Last month 82.9 business activity 74.6 versus 69.8 in October supplier deliveries 75.7 versus 75.7 last month backlog of orders 65.9 versus 67.3
Indraprastha Gas Limited () has hiked CNG prices in Delhi, Haryana and Rajasthan. The CNG prices have been hiked with effect from 6 a.m. today “With effect from 6 am on 4th December 2021, @IGLSocial revises its CNG retail price in NCT of Delhi, Haryana & Rajasthan,” IGL tweeted. Here are the prices in your
Just as the world is concerned and confused with the newly discovered Omicron, Fed Chair Jerome Powell stirred up the markets further, by talking up faster tapering. The biggest reactions were found in US treasury yields on strong safe-haven flows. Major stocks indexes also turned sharply lower, solidifying the case of medium term correction. In
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
NCDEX e Markets Limited (NeML), a leading integrated e-Markets platform for commodities and intangibles, on Thursday announced its agreement with FINCHAIN Technologies to provide trade-financing options. Under this agreement FINCHAIN, an emerging company engaged in anchor led supply chain and invoice backed financing programs, will now make available bill discounting and trade-financing options to buyers/sellers
Canadian Dollar rises strongly entering into US session, as boosted by much stronger than expected job data. On the other hand, Dollar is struggling to react to mixed non-farm payroll data. As for today, the Loonie is the strongest one, followed by Swiss Franc and Euro. Aussie and Kiwi are so far the worst. But,
Forex news for North American trading on December 3, 2020 It will be an early close for Forexlive this weekend as our technology staff takes over with some changes. Today the focus was on the US jobs report and although payrolls was much less than expectations at 210K vs 550 estimate, there was nevertheless some underlying strength. Prior month revisions