CFTC commitments of traders: EUR long back up to 100K Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT Weekly forex futures positioning data from the CFTC for the week ending May 18, 2021 EUR long 100K vs 94K long last week. Longs increased by 6K GBP long 25K
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Gold prices inched lower on Friday as the dollar rebounded after robust U.S. manufacturing data, although bullion was still on track to register a third straight weekly gain. Spot gold eased 0.1% to $1,876.42 per ounce by 1:43 p.m. EDT (1743 GMT) but prices were headed for a 1.9% weekly gain, helped by subdued U.S.
While Fed minutes started to prepare the markets for discussion on tapering in the coming months, Dollar wasn’t give much support. It has indeed ended as one of the worst performers for the week, just next too New Zealand and Australian Dollar. On the other hand, Swiss Franc and Yen ended as the strongest ones.
Forex news for North American trading on May 21, 2021 A snapshot of other markets into the close for the week: Spot gold is trading at three dollars or 0.16% at $1880 Spot Silver is down $0.20 or -0.75% at $27.54 WTI crude oil futures are up $1.91 03.08 percent $63.85 The price of bitcoin is heading into the
NEW YORK: Oil prices jumped 2% on Friday after three days of losses, driven higher as a storm formed in the Gulf of Mexico, but were on track for a weekly fall as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made progress a nuclear deal. Brent
The minutes for the FOMC meeting in April revealed that policymakers discussed about QE tapering. This came in as a surprise to the market, sending USD higher and Treasury lower. Both the policy statement and the press conference of the April meeting downplayed the need of QE tapering. Recall that at the press conference, Chair
Press Sec. Psaki Pres. Biden meeting this afternoon with GOP on infrastructure Put forth a reasonable counteroffer WH offered a counter proposal on infrastructure from $2.25 trillion to $1.7 trillion Counteroffer reflects the view that Republican offer excludes proposals that are key to US growth Pres. Biden remains opposed to gas tax, user fees, raising taxes on
LONDON: Oil prices rose sharply on Friday after three days of losses, but were on track for a weekly fall as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made progress a nuclear deal. Brent crude futures rose $1.25, or 1.9%, to $66.36 a barrel by 1351
Canadian Dollar rises in early US session after stronger than expected retail sales data. Sterling is also firm after strong PMIs. But Euro had little reaction to the solid PMI data. Instead, the common currency seems to be reacting to ECB President Christine Lagarde’s comment that accommodative policies remain necessary for months to come. Euro
Steady tones in early trades German DAX futures +0.3% UK FTSE futures +01% Spanish IBEX futures +0.3% This mirrors the mood in US futures, which are seen up by around 0.2% currently. After the gains yesterday, the market is settling down a little and finding some calm but it is still a bit early in
By Tapan Patel Commodity prices traded mixed on Friday, continuing the trend from the previous session. On Thursday, bullion prices traded firm with gold outperforming silver. Base metal prices traded under pressure continuing the downtrend on global inflation worries. Crude oil prices fell by more than 2 per cent on Iran nuclear talks and weaker
The forex markets still generally range bound for the moment. Dollar weakened mildly overnight, but stays above near term lows against other major currencies. Similarly, Yen is also bounded in very tight range. US stocks’ rebound overnight was as positive development for sentiments. Yet, there is no follow through actions in Asia. Though, volatility might
Oil isn’t joining in the positive mood A weak dollar and positive mood in markets is normally a good sign for commodities but that’s not exactly the case today. Oil is down $1.02 to $62.34 and flirting with yesterday’s lows. It’s joined by nickel (-3.6%), aluminum (-2.5%) and copper (-0.4%) as commodity losers. On the
Gold hovered close to a more-than-four-month peak it scaled in the previous session, fuelled by a dip in the and U.S. yields as investors shrugged off the Federal Reserve‘s hints on possible tapering of economic support measures. Spot gold rose 0.4% to $1,876.80 per ounce by 10:36 a.m. EDT (1436 GMT). U.S. gold futures fell
The forex markets are very quiet today, with most major pairs and crosses staying inside yesterday’s range. Dollar is paring some post FOMC minutes gains, while Sterling is also soft. On the other hand, Australian and New Zealand Dollar are both recovering mildly. As for the week, Euro is currently the strongest one,m followed by
Easy to miss, but important The latest set of RBA minutes were pretty uneventful on the face of them: The Board was willing to extend bind purchass if necessary Will decide in July on whether to roll over to November 2024 bond and whether to extend purchases Return to full employment a high priority for
NEW DELHI: Gold and silver futures edged lower on Thursday on a strong dollar after the US Fed minutes of April policy suggested that some officials were open to discussing scaling back the central bank’s massive bond purchases at some point. Higher interest rates increase the opportunity cost of holding bullion. Gold futures for June
Dollar recovered overnight, with help from mild risk aversion and some slight hawkish twists in FOMC minutes. Yet, it couldn’t manage to break through any near term technical level yet. Euro remains the strongest one for the week at this point, followed by Yen. Commodity currencies are the generally weaker ones while Aussie is getting