MELBOURNE: prices drifted lower on Friday, wiping out gains from the previous session, as the continued to rise on bets the U.S. central bank will bring forward plans to raise rates to tame inflation. U.S. West Texas Intermediate (WTI) crude futures fell 26 cents, or 0.3%, to $81.33 a barrel at 0128 GMT, reversing Thursday’s
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Selloff in Canadian Dollar gathers pace today as WTI oil price is quickly heading back towards 80 handle. Other commodity currencies are also weak, with Aussie weighed down by poor job data. On the other hand, Dollar is staying firm without clear sign of loss momentum yet. Yen is also not performing too bad, as
Forex news from the European trading session – 11 November 2021 Headlines: Markets: GBP leads, CAD lags on the day European equities mostly higher; S&P 500 futures up 0.3% Gold up 0.4% to $1,857.60 WTI down 0.8% to $80.67 Bitcoin up 0.8% to $64,797 The dollar continued its advance after the hot US CPI data
inflation has been bad news for gold. Now it’s giving the metal a shot in the arm. While bullion is often bought as a way to protect wealth when consumer prices are climbing, this year’s inflation had weighed on the metal as investors bet that it would spur the Federal Reserve to scale back huge
Dollar stays generally firm in Asian session, following the post CPI rally overnight. Yen is some what helped by the selloff in stock markets despite rebound in US yields, and remains firm except versus the greenback. On the other hand, Australian Dollar tumbles sharply following much worse than expected job data, and leads other commodity
Forex news for Asia trading on Thursday 11 November 2021 The news that Evergrande had reportedly paid its interest on bonds provided a positive input for sentiment during the session here, resulting in mixed performance across regional equities. The Shanghai Composite inched a little higher but Japan and Hong Kong did not fare so well.
Gold prices were flat on Thursday after a surge in U.S. consumer prices drove the metal, seen as an inflation hedge, to a five-month peak in the previous session. FUNDAMENTALS * Spot gold was little changed at $1,850.00 per ounce by 0100 GMT, after hitting its highest since June 15 on Wednesday. * U.S. gold
Dollar rises sharply in early US session after much stronger than expected consumer inflation data, which hit multi-decade high. For now, New Zealand Dollar is the worst performer today, followed by Sterling and then Euro. Yen is retreating against the greenback but stays steady against others. Technically, despite notable rally, Dollar is generally still stuck
Frong-end of the bond market in charge USD/JPY is at the highs of the day, up 77 bps to 113.64. There’s an element of the Fed losing control of the narrative here. USD/JPY and US rates had been falling since the FOMC as officials pushed back on inflationary fears and underscored their reasons that inflation
New Delhi: Gold price in the national capital on Wednesday gained Rs 137 to Rs 47,311 per 10 grams amid rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,174 per 10 grams. Silver, however, declined by Rs 160 to Rs 63,482 per kilogram from Rs 63,642
Falling global yields and mild risk off sentiment continue to boost Japanese Yen. On the other hand, Australian Dollar is leading other commodity currencies lower. But the forex markets are mixed elsewhere for now. Dollar and European majors are stuck in near term ranges against each other. Eyes will turn to US consumer inflation data
A piece in the Australian Financial Review highlights a potential next leg down in iron ore. Iron ore prices impact the Australian dollar so this is of note for AUD traders. In summary (and note, this is not ‘breaking news’ its been developing alongside the property sector woes in China): “The main driver of the
MELBOURNE: prices rose on Wednesday, extending strong gains in the previous session, after industry data showed U.S. crude stocks unexpectedly fell last week just as near term travel demand picked up with pandemic curbs easing. U.S. West Texas Intermediate (WTI) crude futures rose 23 cents, or 0.3%, to $84.38 a barrel at 0132 GMT, adding
Gold price consolidates at the highest level in 2 months. Its recent rally has been driven by major banks’ attempt to tame rate hike expectations. We expect its strength to remain in the near-term. However, elevated inflation would eventually force central banks to reduce monetary stimulus and increase the policy rate, leading to decline in
Risk aversion hits markets A drop in equities has led to a quick risk-off style move in FX as the US dollar and yen rally against other currencies. The commodity currencies are being hit hard with the loonie jumping 38 pips to 1.2476. Oil has been surprisingly resilient in the latest round of worries but
NEW DELHI: Gold prices were unchanged in Tuesday’s session as a weaker US dollar offset firm bond yields. Gold futures on MCX were trading lower by 0.04 per cent or Rs 18 at Rs 48,000 per 10 grams. Silver futures were down 0.18 per cent or Rs 114 at Rs 64,767 per kg. Ravi Singh,
Yen’s rally resumes today while overall market sentiments are mixed. Asian stocks are treading water but US benchmark yield takes another dive. Swiss Franc is following as the second strongest for now. On the other hand, commodity currencies are trading broadly lower, as led by Aussie. Euro and Sterling are mixed. Main focuses will now
USD/JPY has fallen back under 113, dragging yen crosses lower. AUD/JPY notably, AUD/USD had fallen earlier in the session and is near its lows as I post. there is no fresh news apart from what has already been posted. It hasn’t been a good news day (it rarely is) with: further concerns emerging out of