Forex news for Asia trading on Friday 2 July 2021 USD/JPY popped to its highest, circa 111.65, since March of last year but overall maintianed a very tight range on the session. As I update USD/CHF is ticking a little higher also as ‘safe haven’ FX becomes less and less sought after. Elsewhere it was
News
NEW YORK: Oil companies are betting that if they sell land, buyers will come, as crude prices have soared more than 50% this year, fueling the most robust pipeline of deals in more than four years. Large oil companies are unloading properties from Texas to California, with some using the market rally as a chance
After delaying the meeting to discuss output quota for a day, the OPEC+ still fails to reach a deal regarding production increase for the coming months. News headlines suggest that the increase could eventually be below market expectations. Crude oil prices jumped with the front-month WTI contract rose to near 3-year high of US$76.22/ bbl
ISM manufacturing PMI for June 2021 Prior 61.2 Prices paid 92.1 versus 88.0 last month New orders 66.0 versus 67.0 last month Employment falls below the 50 level at 49.9. Last month the index came in at 50.9 Production 60.8 versus 58.8 last month. Supplier deliveries 75.1 versus 78.8 last month inventories 51.1 versus 50.8 last
NEW DELHI: Gold in the national capital on Thursday rallied Rs 526 to Rs 46,310 per 10 gram in line with a strong recovery in global precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 45,784 per 10 grams. Silver also gained Rs
Dollar surges sharply against Yen today and maintains gain after better than expected job data. Though, the greenback is retreating mildly against other major currencies, as traders are probably lightening up their positions first ahead of tomorrow’s non-farm payrolls. Comments from ECB and BoE officials gave Euro and Sterling some support. But they’re not enough
Forex news for Asia trading on Thursday 1 July 2021 Data flow ramped up on the first day of the new month with: a round of PMIs across Asia with Australia, China, Japan, South Korea manufacturing PMIs all registering expansion, The Bank of Japan quarterly Tankan survey report showed much improved sentiment amongst Japanese business,
Gold prices edged lower on Thursday, as the dollar hovered near a three-month peak, with investors looking ahead to a key U.S. jobs report due later this week for clues on what it might mean for monetary policy. Spot gold eased 0.1% to $1,769.11 per ounce, as of 0117 GMT. U.S. gold futures fell 0.2%
Gold price got dumped, falling to the lowest level in over 2 months. Losing over -7% against USD in June, the selloff this time has been driven by strong US dollar, rather than higher yields. The greenback is darling of the market recently, thanks to strong economic data, a more hawkish Fed and diminished risk
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: After revamping the margin structure in equities to eliminate unnecessary risks from the system, Sebi is making changes to the margin rules in the commodity segment aiming to increase liquidity. The markets regulator is making changes to the margin rules, which will benefit those who hedge their positions in individual commodity derivatives and
Dollar and Loonie rise in early US session after better than expected economic data. Sterling follows closely after hawkish comments from BoE chief economist. As for today, Swiss Franc is currently the worst performing, followed by New Zealand and than Australian Dollars. The greenback is surviving the first data test and focus will stay on
Forex news for Asia trading on Wednesday 30 June 2021 It was another session of muted ranges for major forex rates as Asia seemed content to await Friday’s US nonfarm payroll figures. News flow was very light although we did get some data points, notably: Japanese industrial production fell on the month, its first drop
Gold prices held steady on Wednesday as investors were cautious ahead of U.S. jobs data due later this week, but prices were set to post their worst month since November 2016 on the U.S. Federal Reserve’s shift to a hawkish policy stance. Spot gold was steady at $1,761.80 per ounce, as of 1231 GMT. U.S.
Dollar and Yen are currently the mildly strong ones this week so far. US stocks ended mixed as S&P 500 and NASDAQ made new record highs, but DOW refused to follow and closed lower. Asian markets are also generally in red. Australian and New Zealand Dollars are notably weaker today, while Sterling is trailing. Technically,
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: Gold prices declined by Rs 89 to Rs 46,167 per 10 gram in the national capital on Tuesday following weak global cues, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,256 per 10 gram. Silver also declined by Rs 222 to Rs 67,926 per kg from
Dollar rises sharply today and takes the Japanese Yen higher too. There is no clear stimulus for the moves as other markets are mixed. The technical development suggests that this week’s retreat has completed already. New Zealand and Australian Dollar are currently the worst performing. But Euro and Sterling are not too far behind. Technically,