News

TOKYO: prices fell for the first time in four days on Tuesday, taking a breather, analysts said, after weeks of gains fuelled by a rebound in global demand that is contributing to energy shortages in economies from Europe to Asia. Brent crude was down 26 cents, or 0.3%, at $83.39 a barrel at 0211 GMT,

Falling to the weakest level since August, USDCAD was the worst performer amongst majors (CAD best performer against USD). Loonie’s rebound was driven by energy prices and strong job data. Elevated inflation also has again heightened speculations about BOC’s rate hike. The major driver of loonie’s strength was energy price. Crude oil price rallied as

Saudis will supply more crude to at least three Asian buyers in November Reuters reports that Saudi Arabia has agreed to increase supplies to three Asian buyers in November. It also cut prices in November in a sign it wants to be more competitive. There’s no indication that Saudi Arabia is pumping beyond its OPEC+

New Delhi: Gold in the national capital on Monday fell Rs 59 to Rs 46,038 per 10 grams amid weak international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,097 per 10 grams. Silver also tumbled Rs 196 to Rs 60,369 per kg, from Rs

Forex news for Asia trading on Monday 11 October 2021 Rising oil prices and falling yen were the main themes again here during Asia to open the week. AUD and GBP were notable risers but NZD, CAD and EUR also showed strength. USD/JPY is above 112.50 as I post. There was a decent flow of

TOKYO: Oil prices rose on Monday, extending multiweek gains, amid supply restraint from major producers and growing demand for fuels as economies try to recover from the coronavirus pandemic. Brent crude was up 81 cents, or 1%, at $83.20 a barrel by 0212 GMT, after gaining almost 4% last week. U.S. was up $1.15, or

Yen was once again sold off broadly last week, following late rally in treasury yields despite disappointing US job report. Resilience in overall risk appetite also kept the Japanese currency pressured. Meanwhile, Euro followed as as distant second worst on selloff in crosses, as well as Dollar. New Zealand Dollar’s weakness was a surprise as

Not a pretty picture The latest update from the Atlanta Fed shows Q3 GDP at 1.3% annualized, that’s unchanged from Thursday. The first print on Q3 is coming up at the end of the month and a number so low would do damage to markets and the recovery narrative. The consensus is still at 5%.

Petrol and diesel prices were hiked across India for the sixth consecutive day on Sunday. In Delhi, the petrol prices were hiked by 30 paise per litre, taking it to Rs 104.14, while diesel prices in the national capital have gone up to Rs 92.82 per litre with the hike in price by Rs 0.35.

It seems like only yesterday we had the last earnings cycle  Can it be?   Next week bank earnings will kickoff the quarterly earnings calendar.  It seems like only yesterday that the last quarter was complete.  The thanks/financials traditionally are the first to report, but other names are in the mixed. Some of the major releases include: Wednesday: J.P. Morgan BlackRock Delta

Mumbai: The Securities and Exchange Board of India(Sebi) on Friday barred the National Commodity & Derivatives Exchange Limited (NCDEX) from launching any new mustard seed contract till further orders. The regulator has asked the agricultural commodity exchange not to allow any new position in respect of the running contracts but only squaring up of position.

AUD/CAD is trading at 0.9111 MUFG Reserach recommends selling AUD/CAD in its weekly FX pick. They sell from spot with a target at 0.8850 and a stop at 0.9350. “We are recommending a long CAD/AUD trade idea to reflect the widening divergence between the BOC and RBA monetary policies. We expect the BOC to announce

Petrol and diesel prices were hiked across the country for the fifth consecutive day on Saturday, ranging from 26 paise to 35 paise. In Delhi, the petrol price was hiked by 30 paise per litre, taking it to Rs 104.23. In Kolkata, the price of diesel as of Saturday is 95.58 per litre, up by

Overall markets continue to be rather mixed for now. Commodity currencies rally in Asian session, as led by Aussie, following rebound in the stock markets. On the other hand, Dollar is turning softer again, together with Yen. Euro’s weakness is the more persistent development this week, in particular against other European majors. Trading today might

Forex news for North American trade on Friday, October 8: Markets: Gold up $1 to $1756 US 10-year yields up 3.6 bps to 1.606% WTI crude oil up $1.19 to $79.49 S&P 500 down 8 points to 4391 CAD leads, JPY lags The jobs report put a focus on the US dollar and the initial

Physical gold rates in India flipped to a discount for the first time in over two months this week as a rise in local prices curbed demand, while buying in China was expected to pick up after the Golden Week holiday. Dealers in India offered discounts of up to $2 an ounce over official domestic