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Dollar had been the strongest for most of the week but lost it first place at the time, as treasury yields retreated. Instead, resilient risk appetite in the US, as well as firm oil price helped Canadian and Australian Dollars stole the first and second place. On the other hand, Euro ended as the worst

Carbon capture is a major priority for Manchin A report late today revealed that the White House had agreed to boost carbon capture tax credits to $85 per tonne for industries such as steel and concrete plants. Yesterday’s leak of priorities from Manchin was revealing. He’s the ranking member of Senate Committe on Energy and

Nickel prices slipped about 6 per cent on the LME, whereas prices on the ended lower by 1.2 per cent. Nickel prices rose earlier in the month, on booming demand from the stainless steel segment following the resumption in global economic activities and expansion of the EV sector. Along with increased stainless-steel production, depleting inventories

Yen recovered much ground as US stocks tumbled steeply overnight. Meanwhile, Dollar remains generally firm, as partly supported by resilient treasury yields. Selling in Euro and Sterling slowed a little bit while commodity currencies are turning softer. ISM manufacturing and PCE inflation will come into spotlight today. But overall directions in the currency markets will

Forex news for North American trading on October 1, 2021 The US core PCE data for the month of August remain steady at 3.6%. That was the expected rate as well. Although inflation remains well above the 2% level, the expectations are that some of the gains are transitory and will come down over time.

New Delhi: Gold in the national capital on Friday rallied Rs 555 to Rs 45,472 per 10 gram amid rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 44,917 per 10 grams. Silver also jumped Rs 975 to Rs 58,400 per kilogram from Rs 57,425 per kilogram

Dollar continues to pare gains in early US session as the week is coming to a close. PCE inflation data is largely ignored by the markets, while Euro also shrugs CPI. Canadian Dollar also ignores smaller than expected GDP contraction. Sterling is leading the way in the rebound, followed by Aussie. As for the week,

Canada July 2021 GDP US Canada GDP for July came in at -0.1 versus -0.2 estimate. That is at down from 0.6% in June (revised from +0.7%). The July level was approximately 2% below the pre-pandemic level of the February 2020.  Below is a look at the main industry sectors contributions to the percentage change in gross domestic product for the

NEW DELHI: Gold prices were trading with a marginal decline on Friday after a decent rebound in the previous session. Firm US dollar made the yellow metal expensive for holders of other currencies. The dollar recouped most of those losses on Friday and began the final quarter of 2021 at close to its highest level

The RBNZ is almost certain to raise the OCR by +25 bps to 0.5% next week. The Funding-For-Lending program (FLP) will stay unchanged at NZ$28B. This should not be affected by the slowdown in economic activities in the third quarter. While cautioning about the uncertainty of the pandemic and economic damage brought about by the

Remarks from Rabo on the Australian dollar and Reserve Bank of Australia: The RBA retains a dovish tone is pushing ahead with its previous decision to taper its QE programme from September mostly on the expectation that the economy will bounce sharply once restrictions are lifted RBA has become surprisingly prescriptive in its view that

NEW DELHI: Gold prices were trading little higher on Thursday in the domestic market, following global cues. However, the yellow metal hovered near a seven-week low as a stronger dollar and taper expectations weighed on sentiments. Gold futures on MCX were trading higher 0.34 per cent or Rs 156 at Rs 45,925 per 10 gram.

As Dollar is digesting this week’s yield supported rally today, selling focus is turning to Euro, in particular in crosses. Meanwhile, firmer overall risk sentiment is supporting commodity currencies and Sterling, with Aussie being the stronger one. Yen and Swiss Franc are generally softer on stable risk sentiment. Technically, as Euro turns weaker, we’ll pay

US initial jobless claims and continuing claims for the current week prior week 351K (no revision) initial jobless claims 362K versus 333K estimate 4-week moving average 340K versus 335.75K last week continuing claims 2.802M vs 2.800M estimate 4-week moving average of continuing claims 2.797M vs 2.798M last week The largest increases in initial claims for the week ending September

New Delhi: Gold in the national capital on Thursday declined by Rs 154 to Rs 44,976 per 10 gram reflecting an overnight decline in international precious metal prices, according to HDFC Securities. In the previous trade, it had settled at Rs 45,130 per 10 gram. Silver also dipped Rs 1,337 to Rs 57,355 per kilogram

Dollar is currently the strongest one for the week so far, as helped by strong rally in treasury yields as well as pull back in stocks. Yen also stays week but the selling in crosses is cushioned by uncertain risk sentiment. Sterling is also soft with eyes on the energy troubles. But overall development is

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New Delhi: Gold in the national capital on Wednesday rose by Rs 264 to Rs 45,123 per 10 gram with recovery in global precious metal prices along with rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 44,859 per 10 gram. Silver also jumped Rs 362 to