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
SINGAPORE: Oil prices climbed on Wednesday after industry data showed a larger than expected drawdown in crude oil stocks in the United States, the world’s largest oil consumer, and on expectations that demand will recover as vaccine roll-outs widen. Brent crude oil rose 39 cents, or 0.5%, to $73.99 a barrel by 0133 GMT, while
A customer pushes her shopping cart through the aisles at a Walmart store in the Porter Ranch section of Los Angeles. Kevork Djansezian | Reuters Tuesday’s report of the consumer price index could set the tone for markets ahead of next week’s Federal Reserve meeting, particularly if it is hotter-than-expected. The CPI is expected to
EUR/USD consolidates losses around monthly low, eases of late. ECB policymakers reject reflation fears, US inflation for August tames tapering tantrum. Market sentiment dwindles amid mixed clues, confusion over Fed’s next moves. Eurozone IP, ECB members’ comments and second-tier US data will provide intermediate moves, risk catalysts are the key. EUR/USD struggles to keep the
Dollar drops broadly after data shows declining headline consumer inflation in the US, and even quicker fall in core CPI. It’s adding to the Fed’s case that prior surge in inflation was just transitory. DOW futures responde rather positively to the news. Strengthening risk appetite could put Yen under some pressure too. Meanwhile, Sterling is
USD still lower vs the JPY and CHF as flow of funds head into those pairs The USD is making new dollar highs vs the AUD, NZD and GBP. It is just off the high vs the CAD. The greenback is still lower vs the JPY and CHF as those currencies are being supported by
What will drive the market in the fourth quarter Bank of America Global Research discusses the USD drivers in 4Q. “China has been an important driver of the US dollar in recent months but we expect a transition to more US-specific drivers in 4Q, reasserting its positive correlation with US yields. Much depends upon the
Decentralized exchange dTrade has raised $22.8 million for a market-making fund designed to provide the ecosystem with higher liquidity, potentially setting the stage for wider DeFi adoption on Polkadot once the DEX launches later this year. The funds will enable dTrade to launch with “deep liquidity” backed by some of crypto’s largest market makers, the
Kolkata: The National Commodity and Derivatives Exchange (NCDEX) has posted 115% rise in the average daily turnover value (ADTV) of Rs 2,444 crore in August 2021 despite restrictions on chana futures, one of its key liquid contracts in the pulses segment, a media release issued by the exchange said. It also added that exchange has
Prices for an array of consumer goods rose less than expected in August in a sign that inflation may be starting to cool, the Labor Department reported Tuesday. The consumer price index, which measures a basket of common products as well as various energy goods, increased 5.3% from a year earlier and 0.3% from July.
Data released on Tuesday showed the Consumer Price Index rose 0.3% in August, below the 0.4% expected. According to analysts at Wells Fargo, a softer increase in the August CPI lends credence to the Federal Reserve’s view that the flurry of inflation experienced earlier this year will prove “transitory.” Key Quotes: “Consumer price inflation cooled
Overall market sentiment is mildly positive with the strong rebound in DOW overnight, followed by slight gain in Nikkei. European majors are having a small edge over the others but Swiss Franc is still clearly lagging behind. Australia Dollar is leading commodity currencies lower for now, after some cautious comments from RBA Governor. Dollar is
AUD/USD down 0.3% to 0.7342 currently His remarks earlier weren’t anything new but they just reaffirmed the more dovish sentiment when it comes to RBA policy at the moment, as compared to other major central banks which are at least taking more progressive steps in normalising policy. There was also an attempt to jawbone the
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Forex news for Asia trading on Tuesday 14th September 2021 With US oil still struggling to recover from the damage done by Hurricane Ida, Tropical Storm Nicholas has been upgraded (just prior to me posting this wrap) to Hurricane Nicholas. Its expected to make landfall on the Texas coast imminently. Oil has inched a little
Gold prices edged lower on Tuesday as a stronger dollar crimped bullion’s appeal ahead of US inflation data that could offer cues on the possible timeline for the Federal Reserve‘s tapering. FUNDAMENTALSSpot gold fell 0.2% to $1,790.74 per ounce by 0138 GMT. US gold futures eased 0.1% to $1,792.10. The dollar index was steady after