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Torn between disappointing economic activities but rising inflation, higher vaccination rate but worsening Delta outbreak, and a federal election just 12 days after this week’s meeting, the BOC will likely stand on the sideline this month. Policymakers will keep its weekly asset purchases unchanged at CAD 2B/ week and retain the forecast of first hike

Gold prices steadied on Wednesday, after slipping 1.6% in the previous session when it breached the key psychological level of $1,800, as gains in the and a rise in US Treasury yields hurt bullion’s appeal. FUNDAMENTALS Spot gold rose 0.1% to $1,796.03 per ounce by 0116 GMT, hovering slightly above the more than one-week low

Today is the first day without extra unemployment benefits in the US The market is in the mood to buy US dollars as New York and Toronto return from long weekends. That’s weighing on commodity prices as well and adding a negative mood to markets. The dollar has extended to fresh highs against the euro

New Delhi: Gold in the national capital on Tuesday fell by Rs 37 to Rs 46,417 per 10 gram amid weak precious metal prices in the international market, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,454 per 10 grams. Silver also tumbled Rs 332 to Rs 63,612

Risk sentiment turns a bit weaker today in the stock markets. But benchmark European and US yields are staging a strong rally. In the currency markets, Aussie is sold off is in delayed reaction to RBA’s dovish tapering, but Canadian is follow closely with selloff in oil price. Sterling is also falling in European crosses,

George Soros writing in the Wall Street Journal, link here (may be gated)   Says BlackRock … appears to misunderstand President Xi Jinping’s China. there is an enormous crisis brewing in China’s real-estate market. … The president recently launched his “Common Prosperity” program, which is a fundamental change in direction. It seeks to reduce inequality by distributing

Ravindra RaoMCX Gold futures surged higher on Friday following a weaker than expected US jobs report. Having hit the key resistance level at Rs 47,600 (200-DEMA), a breakthrough of the 200-DEMA would push it further higher towards the previous top at Rs 47,750, followed by Rs 47,900. Meanwhile, the bullish crossover of 8-and 50-DEMA has

The pace of asset purchases in the Pandemic Emergency Purchase Program (PEPP) in 4Q21 is the focus of this week’s ECB meeting. Following hawkish comments from some council members, especially chief economist Philiip Lane, hopes that an announcement related to reduction in purchases would be made at the upcoming meeting have increased. The policy rates

Forex news from the European trading session – 6 September 2021 Headlines: Markets: USD leads, AUD lags on the day European equities higher Gold down 0.1% to $1,823.90 WTI down 0.5% to $68.96 Bitcoin up 2.7% to $51,472 With North American markets closed in observance of Labor Day, the long weekend mood also descended in

New Delhi: Gold in the national capital on Monday declined Rs 71 to Rs 46,503 per 10 gram in line with weak global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,574 per 10 grams. In contrast, silver gained Rs 263 to Rs 64,168 per

Trading in the currency market is rather subdued today and markets will stay quiet with US and Canada on holiday. Dollar is paring some of last week’s large losses but upside momentum is weak. On the other hand, Australia Dollar is turning slightly weaker as tomorrow’s RBA policy decision is awaited. The reaction in Aussie

New South Wales, home of Australia’s largest city of Sydney update on rising case counts: reported Saturday 1533 reported Sunday 1485 and reported just now:  new local cases 1281 NSW is not chasing a strategy to drive cases to zero, instead it is aiming to vaccinate its way out of the delta crisis. NSW is already

NEW DELHI: Gold eked out decent gains in India on Friday, following global trends. The yellow metal saw buying on the back of a weaker dollar. Investors are waiting for the US jobs data to gauge the Federal Reserve’s plans to start tapering asset purchases. Gold futures on MCX were higher 0.25 per cent, or

Risk-on sentiment firms up slightly after better than expected jobless claims from the US. Dollar, Yen and Swiss Franc continue to trade as the weakest ones. On the other hand, New Zealand and Australian Dollars are the strongest. But the moves in risk markets are limited so far. Investors could turn cautious quickly again and

China and Hong Kong buy over 50% of Brazilian beef exports. Brazil discovered two cases of “atypical” mad cow disease in two separate domestic meat plants ( ”atypical” means the disease develops spontaneously, not related to eating contaminated foods) only the 4th and 5th cases of atypical mad cow disease detected in Brazil in 23 years

PERAK, MALAYSIA/SINGAPORE: In a sprawling oil palm plantation in the Malaysian state of Perak, watermelon seedlings are sprouting from freshly ploughed earth between palm saplings while rented cows graze in overgrown areas of the estate. A coronavirus pandemic-induced labour crunch has forced managers of the 2,000-hectare estate in Slim River to find creative ways to

NEW YORK: Oil prices fell on Friday after a weaker than expected US jobs report indicated a patchy economic recovery that could mean slower fuel demand during a resurgent pandemic. Losses were capped by concerns that US supply would remain limited in the wake of Hurricane Ida, which cut production from the US Gulf of