NEW DELHI: Guar seed prices on Wednesday rose by Rs 8 to Rs 4,077 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend at spot market. On the National Commodity and Derivatives Exchange, guar seed for July contracts increased by Rs 8, or 0.2 per cent, to Rs
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The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks declined -5.81 mmb to 1282.86 mmb in the week ended June 18. Crude oil inventory slumped -7.61 mmb (consensus: -3.94 mmb) to 459.06 mmb. Stockpile decreased in 4 out of 5 PADDs. PADD 3 (Gulf
May US new home sales data Prior was 863K (revised to 817K) The sticker shock of higher prices is starting to bite. It was a dip in this report a month ago that took the air out of lumber prices and we might see more of that on this data point. That said, there are
NEW DELHI: Gold in the national capital on Wednesday gained Rs 110 to Rs 46,396 per 10 gram following recovery in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,286 per 10 gram. Silver also climbed Rs 324 to Rs 66,864 per kilogram from
The forex markets continue to stay in sort of risk-on mode today, with weakness in Dollar and Yen, and strength in commodity currencies as led by New Zealand Dollar. Though, traders in other markets are not too committed yet. European indexes are just mixed while US futures point to slightly higher open. There is prospect
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: Zinc prices on Tuesday fell 0.04 per cent to Rs 232.10 per kg in the futures trade as speculators reduced their exposure taking negative cues from the spot market. On the Multi Commodity Exchange, zinc contracts for the June delivery traded lower by 10 paise, or 0.04 per cent, to Rs 232.10 per
The BOE would maintain an upbeat tone at this week’s meeting. However, the uncertainty, in particular a third wave of the pandemic which has caused a delay in restriction easing, suggests that it would be too early to hint about tapering of monetary policy or pushing forward the first rate hike. Economic data released since
This recovery will be different If there is one single defining schism between now and the recovery from the financial crisis, it’s fiscal spending. Austerity was on the tip of everyone’s tongue in 2010. It was the siren call of the American tea party movement and most developed countries were brought along for the rise.
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
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