Asian markets closed in deep red earlier today while European stocks dived in initial trading. Yet, the markets were saved by much stronger than expected PMI data out of Eurozone and UK. Overall sentiments recovered notably, with US futures pointing to a rebound at open. In the currency markets, Canadian Dollar, Dollar and Aussie are
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TOKYO: Oil prices edged higher on Wednesday as investors looked for bargains following the previous day’s plunge, but gains were capped as pandemic lockdowns in Europe and a build in U.S. crude stocks curbed risk appetite and raised oversupply fears. Brent crude futures rose 27 cents, or 0.4%, to $61.06 a barrel by 0108 GMT,
Commodity currencies are generally weak in Asian session, together with Sterling. Stocks in Hong Kong and China are reacting negatively to joint sanctions by EU, UK, Canada and US over China’s genocidal treatments of Uyghurs in the Xinjiang region. EU’s action is seen as significant turning point in the relations with China, as it’s the
US February new home sales Prior was 923K Sales -18.2% vs -5.7% expected Prior was +4.3% Homes for sale at the end of Feb 312K vs 304K prior Median price $349.5K, up 5.3% y/y Supply 4.8 months vs 3.8 months prior The largest drop was 37.5% in the Midwest, which was hammered by cold weather.
YES Securities The bulls managed to keep the benchmark indices in the positive territory amidst volatility. However, the Nifty50 index continued to face tough resistance at the 20-DMA placed at 14,900 levels. Further, a failure to take out this resistance of 14,900 may resume the corrective wave, dragging the index lower to levels of 14,730-14,630.
Yen buying accelerates today as selloff in commodity currencies intensified. New Zealand Dollar is trading as the worst, by some distance, followed by Aussie. Canadian Dollar is dragged down by decline in oil prices, while Sterling is also pressured after poor job data. On the other hand, Dollar is following Yen as the second strongest,
Says we are in a very serious situation now case numbers are rising exponentially thanks to the Britsih variant of the virus where cases are above 100/100K/week we must halt opening measures the fewer new infections now the faster vaccinations will have an impact April 1 – 5 will be a period of quiet days
MELBOURNE: Oil prices fell 1% on Tuesday on concerns that new pandemic curbs and slow vaccine rollouts in Europe will slow a recovery in fuel demand and as producers cut prices, indicating ample oil supply. U.S. West Texas Intermediate (WTI) crude futures for May delivery fell 62 cents, or 1%, to $60.94 a barrel at
In its minor tweak on the yield curve control operation, the BOJ has widened the trading band of 10-year JGB yield by +/- 25 bps (+/- 20 bps previously). The central bank introduced YCC in September 2016, in addition to keeping the policy rate at -0.1% and the QE program. By targeting the 10-year JGB
Forex news from the European morning session – 22 March 2021 Headlines: Markets: CHF leads, GBP lags on the day European equities mixed; S&P 500 futures up 0.3% US 10-year yields down 4 bps to 1.68% Gold down 0.4% to $1,738.05 WTI up 0.1% to $61.50 Bitcoin flat at $57,853 The Turkish lira meltdown is
NEW DELHI: Gold in the national capital tumbled by Rs 302 to Rs 44,269 per 10 grams on Monday, reflecting overnight decline in global gold prices and rupee appreciation, according to HDFC Securities. In the previous trade, it had closed at Rs 44,571 per 10 grams. Silver also tanked Rs 1,533 to Rs 65,319 per
The financial markets are generally mixed with subdued trading today. Nikkei did had a bad day, but the selloff didn’t spread to other markets. European indices and US futures are mixed while Germany and US benchmark yields are mildly lower. As for currencies, Aussie and Sterling are currently the softer ones, followed by Dollar. Swiss
Goldman Sachs say that ina addition to the $1.9tln approved last week the next round of fiscal legislation … our economists (expect) a package that will include at least $2 trillion in infrastructure spending and could reach $4 trillion if it also funds health care, education, and child care initiatives. I do not know how
NEW DELHI: Crude oil futures fell 2.19 per cent to Rs 4,337 per barrel on Friday as participants reduced their positions on low demand. On the Multi Commodity Exchange, crude oil for March delivery eased by Rs 97, or 2.19 per cent, to Rs 4,337 per barrel with a business volume of 2,026 lots. West
Sentiments appear to be weighed down by the upstoppable rally in treasury yields again today. At the time of writing, US 10-year yield is trading above 1.75 handle while Germany 10-year bund yield is at -0.25. US futures point to lower open, with weakness seen particular in NASDAQ again. Dollar stabilized from yesterday’s post FOMC
Powell and Co. all scheduled to speak next week The Fed decision was on Wednesday and with it ends the quiet period for Fed members to speak. Next week, we will get a lot of talk from Fed officials that will allow the bond, stock and forex markets the opportunity to either agree or disagree.
NEW YORK: Oil rose more than 2% in volatile trading on Friday, but finished the week about 7% lower as a new wave of coronavirus infections across Europe dampened hopes that fuel demand would recover soon. Brent crude settled up $1.25 a barrel, or 2%, at $64.53 a barrel. West Texas Intermediate (WTI) U.S. crude