At today’s meeting, the BOE voted unanimously to leave the Bank rate unchanged at a record low of 0.1%. Meanwhile, the central bank voted 8-1 to keep the asset purchase program at 895B pound, of which 875B pound is government bonds. Policymakers also announced to slow the pace of asset purchases so that the program […]
Goldman Sachs with a longer outlook on the AUD (12 months),m this via eFX For bank trade ideas, check out eFX Plus. “In addition to potentially lower front-end pricing, weaker iron ore prices may weigh on AUD/USD. Despite their recent surge, our commodity strategists expect that iron prices will fall over the next 12” “Despite generally
Goldman Sachs see lower iron ore prices ahead, will be a negative for AUD Read More »
By Anthony Di Paola and Alfred Cang Saudi Arabia lowered prices for oil shipments to customers in its main market of Asia as a surge in coronavirus cases crimps energy demand in India, the world’s third-largest crude importer. The kingdom’s state energy firm, Saudi Aramco, reduced pricing for June shipments to the continent by between
Saudi Arabia cuts oil prices for Asia as virus hits India demand Read More »
Trading continues to be relatively subdued in the forex markets. US Treasury Janet Yellen’s comments prompted selloff in stocks overnight. But reactions in currencies were just mild, with most pairs and crosses range bound. Strong job data from New Zealand is giving the Kiwi a lift, while Aussie is supported by strong construction data. Yen
Kiwi Rebounds on Strong Job Data, Dollar and Yen Soften Read More »
April ISM service sector data Prior was 63.7 New orders 63.7 vs 67.2 prior Prices paid 76.8 vs 74.0 prior (highest since at least 2008) Employment 58.8 vs 57.2 prior Full report The market would have been leaning towards a higher number after the surprise jump in the Markit survey but instead orders are a
April US ISM services index 62.7 vs 64.1 expected Read More »
Domestic gold prices held steady near Rs 46,900 per 10 grams on Wednesday as a rising dollar made the yellow metal less appealing for holders of other currencies. MCX gold futures for June 4 delivery traded nearly unchanged at Rs 46,879 per 10 grams at the last count, down by Rs 8 on the day,