AUD/USD turns around the earlier drop to climb to 0.7460 The low today hit 0.7411 in Asian trading, which marked the lowest level for the pair since December, but things are quickly changing now in European trading as risk sentiment is also lookin more positive for the time being. European equities are rallying while US
Weekly oil drilling rig data Prior was 376 Here’s a great chart on Drilled but Uncompleted wells (DUCs). US producers have been tapping that inventory this year because of low capex spending. They’re likely running a scam and classifying it as maintenance capex to try to look like they’re more profitable. If the US doesn’t
New Delhi: Gold in the national capital on Friday tumbled Rs 451 to Rs 46,844 per 10 gram reflecting an overnight decline in global precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 47,295 per 10 grams. Silver also tanked Rs 559 to
The markets are now reversing prior moves in the week, with Dollar, Yen and Swiss Franc trading generally lower. Canadian Dollar is supported by strong job data, while Aussie and Kiwi also recover. Major European indexes are trading slightly up as DOW futures is also up over 260 pts. US 10-year yield is back above
GBP/USD outlook: Bulls regain traction but more evidence needed to signal reversal Cable regained traction on Friday after negative tone prevailed during this week, with three-day drop ending with a hammer candle that generated initial bullish signal. Fresh advance nearly fully reversed losses of this week but needs lift above pivotal barriers at 1.3887/97 (falling
Security tokens may be poised for exponential growth as security tokenization industry players reveal optimistic forecasts based on surging demand. With that, the market size by 2025 could reach the $3 billion mark, according to the area2invest report, a security token marketplace. The study by the Liechtenstein-based security token marketplace also suggests a market compound
USD/JPY tests key trendline support as the yen leads gains today Invest in yourself. See our forex education hub. The latest downdraft in Treasury yields is finally stirring up some nerves in the market, as European indices are marked lower at the open with US futures also falling in tandem. This in turn is helping
UK May GDP data on the agenda today The dollar traded more mixed yesterday – advancing against commodity currencies but fell against the yen and euro – as the focus was on risk sentiment and the retreat in Treasury yields, which turned around a fair bit towards the end. Of note, 10-year Treasury yields have
NEW DELHI: Gold edged higher on Friday and was set for its third straight weekly gain, as concerns over the fast-spreading Delta variant of Covid-19 and a drop in US Treasury yields lifted the safe-haven metal’s demand. The yellow metal posted mild gains in domestic markets. Sentiment in wider equity markets remained fragile as Delta
US stocks surged to new record overnight, shrugging off FOMC minutes. But Asian markets are walking another path, as led by the free fall in Hong Kong stocks. Yen surges broadly on risk aversion, followed by Swiss Franc. Commodity currencies are generally pressured, with Aussie weighed down by dovish RBA comments too. Euro, Sterling and
USD/INR extends pullback from weekly top, refreshes intraday low of late. India covid recovery rate risen 97.19% amid record infections, death tolls elsewhere in Asia-Pacific. Fitch cuts India growth forecast, India–UK negotiations on free trade agreement will begin during late 2021. Risk-off mood backs US dollar amid a light calendar, virus updates are the key.
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AUD/USD down 0.6% to 0.7430 levels, the lowest since December last year Invest in yourself. See our forex education hub. The aussie is among the big losers so far today as commodity currencies are seeing a general retreat, with risk aversion kicking into gear in European morning trade. The latest downdraft comes as Treasury yields
USD/JPY down 84 pips to 109.81 today Societe Generale Research discusses the ongoing move lower in USD/JPY. “The yen is, after a period of ignoring the fall in US real yields, coming home to them with a bang. The chart shows 10yr TIPS and USD/JPY, which has been very hard to understand since mid-April. Q3
NEW DELHI: Gold in the national capital on Thursday was marginally up by Rs 9 to Rs 46,981 per 10 gram with firm global trends and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,972 per 10 grams. Silver, however, declined Rs 902 to Rs 67,758
Risk aversion generally dominates the global markets today. Following selloff in Asia, major European indexes open lower and are trading down around -2%. DOW future is also losing around -500pts. Swiss Franc and Yen are overwhelmingly the strongest ones for the day, as followed by Euro and Dollar. Commodity currencies are the worst performing, Focus