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Oil prices were stable on Friday, although both benchmarks headed for a weekly loss on worries over weak economic outlook in China, Europe and the United States weighing on oil demand. Brent crude futures were at $76.20 a barrel, up 5 cent, at 1216 GMT. Brent hit a 2022 low this week. U.S. West Texas

Dollar is trying to recover in early US session, with help from 10-year yield which reclaims 3.5% handle. Yet again there is now clear follow through buying. News flow is slow today, without much surprise from US PPI data. As Fed is already in a blackout period, there is no comment from US monetary policy

EURUSD 1 day ING Research maintains a bearish bias on EUR/USD into year-end. “Energy-related news should be more relevant for the euro this week, with falling temperatures in Europe and the price cap on Russian oil coming into effect today. Urals grade crude is trading around $10 below the $60/bbl cap, but Russia has already

Oil prices rose 3% on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and the start of a G7 price cap on Russian crude. At the same time, in a positive sign for fuel demand in the world’s top oil importer, more Chinese cities eased COVID-19 curbs over

Euro rises broadly today as supported by improvement in investor sentiment, but Sterling and Swiss Franc are lagging behind. Canadian Dollar also follows oil price high, as China appears to be moving further towards reopening. Australian Dollar is also firm. But Yen and Dollar are on the weaker side on positive market sentiment. Technically, while

Oil rose about $1 a barrel on Thursday, supported by the potential for OPEC+ to cut supply further and as easing COVID curbs in China raised the likelihood of higher demand from the world’s top crude importer. Crude also gained support from dollar weakness prompted by euro zone factory data and the Federal Reserve Chair

Dollar’s selloff picks up momentum in early US session after PCE inflation slowed more than expected in October, while core PCE also declined. The data give a nod to Fed Chair Jerome Powell’s comment that smaller rate hikes could start in December. Yen is the better performer as supported by extended pull back in US

With the US traders returning from the Thanksgiving Day holiday for an abbreviated session and the World Cup going on, the day was set up to be somewhat limited. The strongest to the weakest of the major currencies The USD did move higher in early NA trading. However, as debt market rates ticked higher partly

Silver prices recouped from a multi-year low on demand optimism. Global consumption of the precious white metal is expected to reach a record total this year, driven by post-pandemic industrial and physical investment demand. Silver was reeling under the bearish grip for the past several weeks. It was the worst-performing precious metal in 2022. A

The expectations of a smaller Fed hike in December was affirmed by FOMC minutes last week. Dollar ended as the worst performer, following mild risk-on sentiment. Canadian Dollar was the second worst as dragged down by falling oil prices. Meanwhile, Euro was the third weakest suffering some selloff against Sterling. Talking about the Pound, it’s

The price of WTI crude oil futures are settling the day down $3.01 or -3.72% at $77.94. The move lower reached a intraday low $76.85. That was close to the low from Tuesday’s trade at $75.30. The closing level from the end of year 2021 was at $75.35. Natural gas is meanwhile higher by $0.48

Oil prices fell by more than $2 a barrel on Wednesday as the Group of Seven (G7) nations looked at a price cap on Russian oil above where the crude grade is currently trading. Brent crude futures fell $2.82, or 3.19%, to $85.54 a barrel by 1450 GMT, while U.S. West Texas Intermediate (WTI) crude

Sterling surges broadly today, shrugging off PMI data which indicates extended weakness in the economy. It’s even over-powering New Zealand Dollar, which was lifted by RBNZ’s jumbo rate hike. On the other hand, selling is focusing on Dollar, Canadian and Australia, while Yen is also on the weak side. Euro is mixed, and it’s clearly

The NZD was the strongest and the CAD was the weakest of the major currencies to end the trading week. The USD was mostly higher with declines only vs the GBP and the NZD. The greenback moved the most vs the CAD at 0.47%. The dollar rose 0.43% vs the EUR. Of note late in

gross domestic product (GDP) and employment. Thus it’s a key factor for the lifeline of our Indian population and economy’s overall productivity. ET CONTRIBUTORS The agriculture sector has experienced buoyant growth in the past two years. The sector, which is the largest employer of workforce, accounted for a sizeable 18.8 per cent (2021- 22) in

The post-CPI selloff in Dollar and rally in US stocks faded last week, after Fed officials talked down the significance of just one data point. While the greenback still lacked momentum for sustainable recovery, selloff has at least slowed. The greenback ended the week mixed together with Euro. On the one hand New Zealand Dollar

At least 2 people are dead after Russia missile lands in NATO state Poland on the Ukraine border (CLICK HERE for the story). It is unclear if the missiles are from Russia’s mass bombardment of Ukrainian cities earlier today. It is reported that over 100 rockets were launched. US stocks have moved lower on the

Oil prices fell by over $1 a barrel on Tuesday as rising COVID-19 cases in China heightened fears of lower fuel consumption from the world’s top crude importer. Brent crude futures were down $1.08, or 1.16%, to $92.06 a barrel at 1435 GMT, while U.S. West Texas Intermediate crude fell $1.13, or 1.32%, to $84.74.