Over the past week the US administration has been in discussions with other countries over releasing oil from reserves: The US has approached China, Japan, India, South Korea Japan PM Kishida over the weekend: We’re proceeding with consideration as to what we can do legally on the premise that Japan will coordinate with the United States
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TOKYO: U.S. was under pressure on Thursday, adding to an overnight plunge on a Reuters report that the United States was asking major oil consumers like China and Japan to consider a coordinated release of oil reserves to lower prices. The bid by the U.S. administration to shock markets comes as inflationary pressures, partly driven
US GDP, RBN zero rate decision Next week in the US will have the Thanksgiving day holiday on Thursday, November 25 which extends into Friday, November 26, and will have traders leaving early on Wednesday, November 24. As a result, releases are limited and expectations are the same. Of note is that the Pres. Biden
New Delhi: Gold in the national capital on Thursday gained marginally by Rs 21 to Rs 48,196 per 10 grams amid rally in international precious metal prices, according to HDFC Securities. In the previous trade, it had settled at Rs 48,175 per 10 grams. Silver, however, dipped Rs 121 to Rs 65,147 per kilogram from
Euro tumbled broadly and deeply last week, and ended as the run away worst performer. It’s firstly weighed down by dovish comments from ECB officials, who talked down the need for policy action to counter inflation. More importantly worries grew after Austria returned to full lockdown. Daily new COVID-19 infections in Austria jump to 15k
Forex new for North American traders on November 19, 2021 Intro Paragraph Text Here. Yesterday, Feds Williams, Evans and Bostic tilted more to the hawkish side of the ledger. Evans a dove, said that He could see tightenings starting in 2022. Fed’s Bostic said: He expects mid-2022 normalisation of policy. Williams said that: We are
TOKYO: prices steadied on Friday as investors paused for breath following a day of wild swings prompted by the prospect of coordinated action by the world’s major economies to release official crude reserves from stocks. Brent crude was up 28 cents or 0.3% at $81.52 a barrel by 0145 GMT, after falling to a six-week
Euro’s recovery was rather short-lived as selling returns after dovish comments from ECB president. Also, Austria returned to full lockdown while Germany may follow on the fourth wave of COVID-19 infections. Yen rises broadly today as risk sentiments turn sour. For the week, Euro remains the worst performer, followed by Aussie. Sterling is still the
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
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
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