However, it is not saying a lot in the grand scheme of things The greenback sits higher on the day as it catches a bid across the board, with EUR/USD falling back below 1.2200 to 1.2180 and GBP/USD marked down to 1.4125. That said, the moves are consistent with the recent push and pull in
There are still no clear answers on the inflation debate at the moment The market is looking rather unremarkable for now and the key factor that is influencing that is arguably the bond market as Treasuries are continuing to show little conviction to do anything amid the debate on inflation. Bond traders remain rather on
NEW DELHI: Gold prices on Wednesday declined from a near five-month high after US manufacturing activities expanded boosting investment confidence into the riskier assets. A stronger US dollar added pressure on the gold prices. Domestic markets followed the global trends and precious metals declined. Data showed that US manufacturing activity picked up in May as
Trading continued to be rather subdued in Asian session. Major pairs and crosses are staying inside yesterday’s range, as well as last week’s range. Sterling is currently the weakest one, after failing to follow through the rally attempt earlier this week. Dollar is the next weakest for now. On the other hand, Aussie and Swiss
The Reserve Bank of Australia (RBA) “will have to wait and see the economic impact of lockdown in Victoria”, Deputy Governor Guy Debelle said in a scheduled speech on Wednesday. Additional quotes “Do not expect wage growth to be high enough until 2024. “ “Hoping for wage growth at 3+% in 2024. “ more to come
Canadian light electric vehicle manufacturer Daymak has announced an upcoming electric car that can mine Bitcoin, Ethereum, and Doge — when it’s charging or parked. According to the firm’s June 1 announcement, The “Spiritus” electric car is set to roll out in 2023 and will come fitted with “an industry-leading GPU in mining price-to-profit.” However,
Nasdaq modestly lower. Dow higher It is a mixed market in the US equities today. The Dow close higher for the fourth consecutive day The S&P index snapped its three day winning streak and closes near session lows. The index got within four points of its all-time intraday high The Nasdaq close lower energy sector closes 4% higher Russell 2000 up three
The release of ‘partial’ indicators for the Q1 GDP has seen estimates for the data revised higher. The net of indicators for net exports, inventories public spending that all flow into the GDP calculation was stronger than expected. Central median expected is now +1.5% q/q (the previous was +3.1%) y/y expected +0.6%, prior -1.1% data
NEW DELHI: Gold rose by Rs 285 to Rs 48,892 per 10 gram in the national capital on Tuesday following a rally in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 48,607 per 10 gram. Silver also jumped Rs 952 to Rs 71,850 per
Canadian Dollar jumps broadly today, following upside breakout in oil price, and partly supported by solid GDP growth data. Australian Dollar is following as the second strongest, while Dollar is also rebounding. On the other hand, Sterling reversed earlier rallies after failing to sustain above a key resistance against Dollar. Subsequent selloff sends the Pound
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GBP/USD falls from 1.4220-30 to a low of 1.4185 on the session Invest in yourself. See our forex education hub. This comes with the greenback also erasing losses against the euro, yen, franc and kiwi on the day. Even the aussie is back to its post-RBA levels now with AUD/USD at 0.7740. The turn for
Latest data released by Markit – 1 June 2021 The preliminary report can be found here. The headline is a record high reading as manufacturing conditions continue to improve at an unprecedented pace in the UK amid the reopening, with output growth and new orders also rising sharply. Markit notes that: “The UK PMI surged
NEW DELHI: Gold prices on Tuesday traded near a five-month high scaled last week, supported by a softer dollar and growing inflationary pressures. The precious metals extended gains in domestic markets on the back of mixed cues. Investors awaited key US data that will provide a clearer picture on the global economy’s recovery path. Market
As expected, the RBA left all monetary policy measures unchanged in June. Policymakers maintained a dovish tone, suggesting no rate hike at least until 2024. They also affirmed that some adjustments to the monetary policy would be made in July. On economic developments, while reiterating the “strong” growth outlook in 2021 and 2022, the central