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TOKYO: prices rose on Thursday to extend gains from the previous session as U.S. crude and fuel inventories tightened further, with supplies of gasoline hitting a two-year low, pointing to strong demand. Brent crude futures climbed 17 cents, or 0.2%, to $85.99 a barrel at 0040 GMT, after rising 0.9% the previous day. U.S. West

European majors turn generally softer today, in particular, with Sterling paring some gains after strong but lower than expected consumer inflation data. Dollar also weakens with treasury yield dipping slightly while Yen is trying to recover. But overall, Kiwi and Aussie maintain their position as the best performer. US futures are pointing to a flat

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NEW DELHI: Gold prices traded higher on Wednesday ahead of the busy festive season, bucking the global trend. Surging US bond yields have dented the yellow metal’s appeal. Gold futures on MCX were trading higher 0.21 per cent, or Rs 100, at Rs 47,380 per 10 gram. Silver futures were marginally up 0.04 per cent

Yen continues to be under selling pressure, following the strong rally in US stocks overnight. Yen is additionally weighed down by rally in treasury yields. New Zealand Dollar is leading commodity currencies higher, while Australian and Canadian Dollars are also strong. Euro and Sterling are mixed for the moment, with Sterling having a slight upper

MELBOURNE: Oil prices turned down after the Chinese government flagged it was looking for ways to tame record high coal prices and that it would ensure coal mines operate at full capacity as Beijing moved to ease a power shortage. Chinese coal prices and other commodity prices slumped in early trade, which in turn pulled

Event risk One of the best opportunities this week comes in the form of the UK CPI data on Wednesday morning. Inflation has been surging higher across the world and that has resulted in yields rising very sharply higher. The fear is that rising inflation will result in central banks around the world increasing interest

Selling in Dollar and Yen persists again today. New Zealand Dollar is currently the biggest winner, on increasing expectation of RBNZ rate hikes. While Aussie is also strong, Sterling is slightly stealing the show too, with help from renewed buying against Euro. The cautious comments from ECB policymakers are not giving much support to Euro,

GBP/USD up 89 pips to 1.3813 today MUFG Research discusses GBP outlook and maintains a bearish bias into year-end. “The UK rate market moved to price in more front loaded rate hikes from the BoE following the hawkish comments from Governor Bailey over the weekend,” MUFG notes.  “However, we are still sticking to our view

New Delhi: Gold in the national capital on Tuesday rallied by Rs 256 to Rs 46,580 per 10 gram in line with a jump in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,324 per 10 gram. Silver also jumped Rs 188 to Rs

Dollar’s selloff resumes in Asian session today, while Yen is also trading lower. Risk-on markets in Asia lift New Zealand and Australian Dollar. European majors are mixed for the moment, with Euro trying to recover against Sterling and Swiss Franc. The economic calendar is rather light today, and focuses will mainly be on the development

Another quiet one on the data docket in Europe today [embedded content] The dollar is down across the board with the antipodeans leading the charge, as we also see USD/CNY fall to its lowest since 17 June, briefly clipping below 6.41. The retreat in Treasury yields overnight still leaves a lot to be desired as

TOKYO: prices fell on Tuesday, with Brent down a second straight day, after Chinese data showed slowing economic growth and U.S. factory output dropped in September, raising fresh concerns about demand amid patchy recovery from the coronavirus pandemic. Brent crude was down by 43 cents, or 0.5%, at $83.90 a barrel by 0132 GMT after

The forex markets are generally staying in consolidative mode today, with Euro and Swiss Franc trading mildly higher. Meanwhile, Aussie is leading other commodity currencies for retreats. Dollar is also trying to firm up with 10-year yield breaking above 1.62 handle. Yen, is also mildly higher with help from some pull back in stocks. Overall,

..But does not know when The “legendary investor” Carl Icahn is on CNBC.  He is a bit cautious about the market but also says he does not know when the market will turn over. At some point the market will hit a wall there will be a crisis the way we are going; the way we are

New Delhi: Gold in the national capital on Monday gained marginally by Rs 37 to Rs 46,306 per 10 grams, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,269 per 10 grams. Silver jumped Rs 323 to Rs 62,328 per kilogram from Rs 62,005 per kilogram in the

The markets are trading in consolidative mode in Asia today. Dollar attempted to resume near term rally against Euro overnight, but quickly lost momentum. While Yen remains generally weak, selloff slowed, along with slight retreat in US 10-year yield, and retreat in stocks. Traders will turn their focuses firstly to UK GDP in European session,

Forex news for Asia trading on Monday 18 October 2021 The early focus of the session was New Zealand inflation data. Official NZ CPI data comes out once a quarter and that for Q3 today was well above expectations, cementing another brick in the wall for further Reserve Bank of New Zealand rate hikes ahead.