US Treasury Secretary Yellen: Financial markets are operating normally, doesn’t see erratic financial market conditions says she doesn’t see any liquidity or deleveraging issues current conditions are tighter as a result of the battle against inflation US Treasury is monitoring market conditions closely Yellen is right. Yeah, its volatile. It always is on the exit
New Delhi, Capital markets regulator Sebi on Tuesday came out with a new framework for daily price limit for commodity futures contracts in a bid to resolve the difference in closing price at domestic exchange and global bourse. The Daily Price Limits (DPLs) define the maximum range within which the price of a commodity futures
Dollar edges mildly higher after better than expected consumer confidence reading, but stays range bound. Overall, the forex markets are in consolidation mode. Sentiment appears to be supported as US stocks open higher, which European indexes are steady. One focus for the rest of the day is US 10-year yield’s reaction to 4% handle, and
What you need to take care of on Wednesday, September 28: Dollar buying paused early Tuesday but resumed following the release of better-than-expected US data, also helped by the poor performance of Wall Street. In addition, fears of a worldwide recession keep leading the market sentiment. During the European morning, European Central Bank President Christine
The major US indices are opening lower, but off the pre-market lows as yields in the US come off after reaching 3.829% in the 10 year (now at 3.703%), and 4.268% in the 2 year (now at 4.137%). The Fed is targeting 4.4% for the end of year level. The stocks have seen some rebound
The dollar is softer across the board as it is giving back some of the gains worked out as of late. That said, even with a 1% jump in cable it is still hardly felt with price hovering just above 1.0800 on the day. Elsewhere, the dollar’s position are also solidified with USD/JPY down 0.3%
NEW DELHI: Gold prices moved marginally higher on Tuesday as the US dollar took a breather. That said, despite the rise, it languished near two-and-a-half-year lows amid rate hikes fears. The US Federal Reserve officials on Monday sloughed off rising volatility in global markets and said their priority remained controlling inflation. Gold futures on were
The currency markets have turned into consolidation mode temporarily. Sterling further stabilized after BoE said in a statement that the assessment of the government’s growth plan will be done at next “scheduled” meeting, ruling out an emergency meeting. Dollar is also taking a breather even though 10-year yield rose to the highest level since 2010.
Larry Summers Cameron Costa | CNBC LONDON — Former U.S. Treasury Secretary Larry Summers on Tuesday warned that the U.K. has lost sovereign credibility after the new government’s fiscal policy sent markets into a tailspin. The British pound hit an all-time low against the dollar in the early hours of Monday morning, before recovering slightly on Tuesday, while the U.K.
Risk-sensitive currencies such as the Norwegian krone and the Swedish krona are very vulnerable. Therefore, economists at Nordea see EUR/NOK and EUR/SEK at 10.50 and 11 by year-end, respectively. Overshooting is likely “We believe both the SEK and the NOK will remain weak in the short term, as they are very vulnerable to negative risk
Bitcoin (BTC) delivered long-anticipated volatility on Sep. 27 as a squeeze higher resulted in a push beyond $20,000. BTC price 9-day highs greet traders Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it added over 7% after the Sep. 26 close. Local highs of $20,344 appeared on Bitstamp before the pair began consolidating
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The USDCAD is trading to a new cycle high and that takes the pair to the highest level since July 2020. The price high is trading at a new high of 1.3572. That level has taken the price above the high for 2018 at 1.35637 (a hurdle). The 61.85 of the move down from 2020
US 10-year Treasury yields finished the day 23 basis points higher to 3.92% but what has me most worried is the final 4 bps on the day. There was a late drop and that has me worried about liquidations or someone blowing up. You would expect to see some rebalancing flows into bonds this late
Gold prices in the national capital rose by Rs 138 to Rs 49,786 per 10 grams on Monday, according to Securities. In the previous trade, the precious metal had closed at Rs 49,648 per 10 grams. Silver also jumped by Rs 224 to Rs 56,514 per kilogram from Rs 56,290 per kg in the previous
Dollar is extending its broad-based rally today. But other positions are somewhat changing. Sterling is now recovering as traders take profit, while awaiting an unconfirmed statement from BoE. Euro is also paring some recent losses. Meanwhile, Swiss Franc, Yen and Canadian soften in general. Australian and New Zealand Dollar are mixed. Technically, while Sterling recovers,