NEW YORK: prices closed out their biggest week of losses in more than nine months with another down day on Friday, as investors sold futures in anticipation of weakened fuel demand worldwide due to a surge in COVID-19 cases. The crude market has now posted seven consecutive days of losses. Numerous nations worldwide are responding
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Overall market sentiments deteriorated notably last week, with concerns over the swift spread of Delta variant and return to lockdowns, Fed’s tapering and slowdown in China. A softening tone from a Fed hawk on tapering gave sentiment a late lift, but it remained to bee seen if that could last. Dollar ended as the strongest
Forex news for North American trading on August 20, 2021 Back on August 11, Fed’s Kaplan said “he was in favor of announcing a plan to taper at the Sept meeting and start tapering in October”. Today near the start of the NY session, Kaplan in an interview on FOXBusiness said: The big “imponderable” is path of Delta virus. So
NEW DELHI: Gold and silver futures prices traded in the green on Friday, gaining support from rising anxiety over increasing cases of coronavirus Delta variant that could delay economic recovery. The gains were, however, capped by a firmer dollar. The dollar index held near a more than a nine-month high hit on Thursday, denting gold’s
Canadian Dollar is trading as the worst performing one today and slightly weaker than expected retail sales data provide little help. Persistent weakness in oil price is weighing down the loonie, together with overall negative sentiment. Overnight development is unchanged that Dollar, Yen and Swiss Franc are the strongest while commodity currencies are the weakest.
Forex news from the European trading session – 20 August 2021 Headlines: Markets: CHF leads, CAD lags on the day European equities lower; S&P 500 futures down 0.3% US 10-year yields down 1 bps to 1.23% Gold up 0.2% to $1,781.10 WTI down 0.7% to $63.25 Bitcoin up 0.7% to $46,900 It was a quiet
New Delhi: Gold prices in the national capital on Friday jumped Rs 128 to Rs 46,353 per 10 grams, in line with firm global trends and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,225 per 10 gram. Silver gained marginally by Rs 6 to Rs
Dollar, Swiss Franc and Yen are taking turns to be the strongest, with the greenback having a little upper hand. But they’re kept in range against each other. Commodity currencies remain the weakest, with Aussie additionally pressured by strict lockdowns, while Loonie is dragged down by falling oil prices. Euro and Sterling are mixed in
At least one of them has a fever Three US Senators revealed positive covid-19 diagnoses today. What’s worrisome is that all three were fully vaccinated. Sens. Angus King (pictured above), I-Maine, Roger Wicker, R-Miss. and John Hickenlooper, D-Colo all reported positive tests today. The 77-year-old King said he took a covid test after coming down
Iron ore plunged and copper sank to a four-month low as worries over Chinese steel production, global growth risks and the prospect of reduced U.S. stimulus roiled metals markets. This week’s drop for iron ore accelerated, with futures sliding as much as 12% to the lowest since December in Singapore on expectations that Chinese steel
Selloff in commodity currencies intensifies today as risk sentiment turn sour again. Major European indexes are all in deep red while US futures point to lower open. Yen, Swiss Franc and Dollar are taking turns to be the strongest one in a three-horse race. Aussie is so far the worst performing, followed by Loonie and
Forex news from the European trading session – 19 August 2021 Headlines: Markets: JPY leads, AUD lags on the day European equities lower; S&P 500 futures down 0.8% US 10-year yields down 4.3 bps to 1.23% Gold flat at $1,788.51 WTI down 3.8% to $62.98 Bitcoin down 0.2% to $44,433 The dollar started the session
LONDON: Oil dropped to $66 a barrel on Thursday, its lowest since May, pressured by concerns about weaker demand as COVID-19 cases rise, a stronger U.S. dollar and a surprise increase in U.S. gasoline inventories. Circulation of the Delta variant in areas of low vaccination is driving transmission of COVID-19, the World Health Organization said.
Dollar rises broadly again risk sentiment turned sour again. While Yen and Swiss Franc are still firm elsewhere, the greenback has overtaken their top position for the week. Meanwhile, commodity currencies remain the worst performing ones, as led by New Zealand Dollar, closely followed by Australian Dollar. Euro and Sterling are mixed for the moment.
Results of the Tankan survey from Reuters Highest since Jan 2018 Prior manufacturing was +25 (two-and-a-half year high) Non-manufacturing +5 vs -3 prior — highest since Feb 2020 The quarterly Tankan survey from the BOJ is a market mover but this survey rarely is. There were some comments about rising raw materials prices and the
MUMBAI: An arm of Central Depository Services has been recognized as the bullion depository at the International Financial Services Centre at GIFT City in Gujarat. CDSL IFSC received recognition from the IFSC regulatory authority and can now provide various functions such as holding and transfer of bullion like gold. The company said that the holding
Canadian Dollar rises mildly in early US session after stronger than expected consumer inflation reading. But strength of the Loonie is related limited. It remains one of the worst performing for the week, just next to Australian and New Zealand Dollar. Aussie continues to be weighed down by lockdowns while Kiwi is soft after RBNZ
Not a whole lot of action to kick start the day European indices are easing a little after a steadier start to the session, down around 0.1% to 0.3% across the board. US futures have also given up slight gains, with S&P 500 futures marked lower now by 0.1% as the risk mood keeps more