NEW DELHI: Crude oil prices on Tuesday fell Rs 16 to Rs 5,414 per barrel after the participants cut their positions. On the Multi Commodity Exchange, crude oil for the July delivery dropped by Rs 16, or 0.29 per cent, to Rs 5,414 per barrel with a business volume of 9,493 lots. Analysts said the
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Trading in the forex markets is rather subdued today, as in other financial markets. Dollar continues to consolidate recent rise while European stocks and US futures are treading water. Focus turns to Fed Chair Jerome Powell’s testimony for fresh inspirations. . Sterling bulls hesitated in early part of European session, but quickly regained grounds. The
From a global perspective, the number of COVID-19 cases being found in Sydney is negligible. However, Australian authorities are super sensitive to any tick higher in cases. Sydney reported 5 new cases today (I might be wrong on that exact number, and some add in cases found since the cut off time and what have
LONDON: Oil prices were largely steady on Monday on rising demand in the northern hemisphere’s summer driving season, but traders braced for a return of Iranian crude supplies despite a pause in talks to end U.S. sanctions. Brent crude for August lost 24 cents, or 0.3%, to $73.27 a barrel by 1255 GMT. U.S. West
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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
NEW DELHI: Aluminium prices on Monday fell by Rs 1.15 to Rs 189 per kg in the futures market as participants trimmed their positions on a low trend in the spot market. On the Multi Commodity Exchange, aluminium for delivery in June declined by Rs 1.15, or 0.6 per cent, to Rs 189 per kg
Dollar and Yen retreat as markets enter into US session. Stock markets are staging a mild rebound in Europe, while US futures also point to higher open. Treasury yields also recovered from earlier decline, with US 10-year yield back above 1.4 handle at the time of writing. New Zealand Dollar leads Australian and Sterling higher.
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
CHICAGO: U.S. corn, soybean and wheat futures rose sharply on Friday, rebounding from steep declines a day earlier on bargain-buying ahead of the weekend and uncertainty about weather in the crop belt, analysts said. Fresh export interest lent support as this week’s break in futures appeared to stimulate demand. Chinese state-owned importers bought at least
With a fresh hike in fuel prices by the Oil marketing companies (OMC) on Sunday, petrol price in the national capital surpassed Rs 97 per litre mark. Petrol is selling for Rs 97.22 per litre in Delhi on Sunday, up from Rs 96.93 on Saturday. Cost of diesel in the national capital was at Rs
Dollar is maintaining much of this week’s gains as focus now turns to FOMC statement and economic projections. There is prospect of further rally for the greenback should some policymakers pull ahead their rate hike expectations. But the overall reactions would more depend on interaction with other markets like stocks and yield. As for the
The Australian dollar was the laggard this week It was a big week in the FX market as the Fed flipped the script and turned hawkish. That caused an unwind in reflation trades and the commodity currencies were in the crosshairs. It speaks volumes that Australian added 115K jobs compared to 30K expected and it
NEW YORK: Oil futures rose on Friday, reversing early losses and set for a fourth week of gains after OPEC sources said the producer group expected limited U.S. oil output growth this year despite rising prices. Officials at the Organization of the Petroleum Exporting Countries got the U.S. production outlook from industry experts, OPEC sources
The Fed has turned more hawkish at the June meeting. Besides significant upgrades in the GDP growth and inflation forecasts, the median dot plots now project two rate hikes in 2023, compared with no rate hike until 2024. At the press conference, Fed chair Jerome Powell indicated that the members have started talking about tapering.
Fed speak will be one of the highlights The Fed dominated the past week and it will likely be more of the same in the days ahead with a heavy slate of speakers scheduled to offer their thoughts on the stance of monetary policy. Monday: Bullard Kaplan Williams Tuesday: Mester Daly Powell testifies in Congress
NEW DELHI: Mentha oil jumped nearly 6 per cent on Friday to touch a one-year peak due to unfavourable weather conditions causing a delay in arrival. On the Multi Commodity Exchange (MCX), mentha oil futures (June 30) surged as much as 5.66 per cent to Rs 1,040 per kilogram – a level last seen on
Dollar ended last week sharply higher as boosted by the surprisingly hawkish FOMC projections. Yen followed as second strongest on steep selloff in stocks, while Euro is a distant third. Commodity currencies were the worst performers, with Aussie leading the way, followed by New Zealand Dollar. Though, Swiss Franc were also one of the weakest.