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Sterling jumps broadly today as a BoE officials indicated that rate hike could come next year. UK Prime Minister Boris Johnson also said there is nothing in data that suggests a delay to reopening on June 21, even though some more time is needed to assess the situation. Nevertheless, Canadian Dollar is even stronger for

Forex news for Asia trading on Thursday 27 May 2021 The New Zealand dollar was the mover today, albeit not by much. NZD/USD slid during the early part of the session into and throughout testimony from Reserve Bank of New Zealand Governor Orr to a committee in parliament. Orr did not really add much to

India is the second largest consumer of gold globally, with an average annual gold demand of approximately 800-900 tonnes over the last decade. Indians are known to park a part of their savings in gold – mostly as physical coins or in the form of jewelry. Further, a large quantity of gold is held by

Overall markets are mixed for now, except the clear strength in New Zealand Dollar this week. While Aussie is also trading higher against others, it’s lagging Kiwi by a mile. Dollar recovered overnight but once again lost momentum quickly. Canadian Dollar has also found some footing after yesterday’s pull back. In other markets, Asia markets

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

NEW DELHI: Copper prices on Wednesday traded up by 0.41 per cent at Rs 748.30 per kg in the futures market on the back of a pickup in the spot demand. On the Multi Commodity Exchange, copper contracts for delivery in June traded higher by Rs 3.05, or 0.41 per cent, at Rs 748.30 per

Following a weak first quarter, the strength in EURUSD has gathered momentum. The pair is the second strongest among majors quarter-to-date. A more upbeat economic outlook, heightened inflation forecasts and expectations of ECB’s tapering are key driving forces of the recent rally. Indicators Pointing to Stronger 2Q21 Leading indicators have pointed to an upbeat 2Q21.

Things are looking better by the day for Germany There is still a bit of a lag in the daily cases but perhaps it also is starting to reflect the lower virus infection rate, which has fallen further to 46.8. The target that the German government set earlier this year was 50.0 so now that

NEW DELHI: Gold prices held firm near a four and a half month high on Wednesday as a drop in US Treasury yields and a weaker dollar supported the safe-haven metal. Back home, precious metals followed the global trends, gaining in early trade. The dollar index was pinned near a 4-1/2-month low against its rivals,

New Zealand Dollar surges sharply today, on surprisingly hawkish RBNZ which started to signal a rate hike. Strength in the Kiwi is somewhat lifting Australian Dollar, and to a lesser extent Canadian. On the other hand, Dollar and Yen are both turning weaker, followed by Euro and then Swiss Franc. A focus for today is

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

Conference board consumer confidence for May 2021 conference Board consumer confidence for May 8, 2021 came in at 117.2 versus 119.0 estimate. That is down from 121.7 last month. Present situation 144.3 versus a revised 131.9 last month. It was previously reported at 139.6 expectations 99.1 versus 107.9 last month (previously reported 109.8). Lynn Franco,

Domestic gold and silver prices registered mild losses on Tuesday amid steadily declining Covid-19 infections in the country, though an easing dollar ahead of key US data limited the downside. MCX gold futures for June 4 delivery struggled below the flatline for most of the morning session and were last seen quoting down by Rs

NEW DELHI: Gold dipped Rs 102 to Rs 48,025 per 10 gram in the national capital on Tuesday amid rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 48,127 per 10 gram. Silver also declined Rs 269 to Rs 70,810 per kilogram from Rs 71,079 per kilogram

Euro surges broadly today, while German DAX and Stoxx 600 hit new record highs. Strong German business climate reading gave sentiments a strong lift. For now the common currency is only out-performed by New Zealand Dollar, and followed by Swiss Franc. On the other hand, positive market sentiment makes Yen the weakest one, followed by

The forex markets are staying in mixed consolidative mode in Asian session. Australian Dollar trades mildly higher following strong, record making, export data. But that’s offset by Melbourne’s return to pandemic restriction, on masks and gatherings. Dollar turns weaker as Asian stocks rebound, together with Yen and Canadian. European majors are generally firm. Technically, focus

Chicago Fed national activity index for April 2021 Chicago Fed national activity index for April 2021 0.24 versus 1.0% estimate. The index fell from 1.71 in March. 3 of the 4 broad categories of indicators used to construct the index made positive contributions in April. However, three categories deteriorated from March The three month moving average decreased to 0.07

Domestic gold and silver prices registered mild gains on Monday as the global yellow metal benchmark consolidated near a four-and-a-half-month high. Weakness in the dollar ahead of key macro data supported precious metal prices. MCX gold futures for June 4 delivery traded stayed positive through the morning session and were last seen quoting up 0.35