News

Texas in the winter of 2020 might be just a preview I have been writing lately about natural gas, warning that it’s the next commodity story to go mainstream. Now, it’s happening. The coming winter may give the world a painful lesson in just how pervasive and vital gas has become for the economy. Bloomberg

WTI crude gives up gains to settle down 70-cents to $69.29 The fundamental story in oil this week is continued outages in the Gulf of Mexico. Generally, platforms come back online quickly after storms but that’s not the case after Ida. There is still 1.7 million barrels per day offline and the cumulative loss is

The most acceptable metal of the world since ancient times, gold, started its bull run in 2016 and saw continuous rise for five years till 2020. That followed a brief consolidation of 2-3 years. Prices rose from Rs 25,000 to Rs 56,000 level during this period. However, it has given up some of those gains

Dollar was under pressure most of the week and selling accelerated again after the big disappointment in employment data. The non-farm payroll report could show that job market recovery had made a “substantial setback” rather than “substantial further progress”. A tapering announcement from Fed in September is basically off the table. Overall development in US

Forex news for September 3, 2021: Markets: US 10-year yields up 3 bps to 1.324% Gold up $19 to $1828 WTI crude oil down 72-cents to $69.28 S&P 500 flat at 4536 AUD leads, USD lags If you bet on ADP enough times, eventually you’ll get it right. Not that ther ewas a big dollar

BSE on Friday announced that it has completed one month since launch of SUFI Steel futures contracts on the exchange platform, and has facilitated the delivery to the tune of 90 MT in the first full expiry cycle at the exchange designated delivery centre in Raipur. Mr Sameer Patil, chief business officer of BSE said

Dollar spikes lower in early US session after huge NFP miss. But the selloff is only firm against commodity currencies at the time of writing. In particular, the greenback is trying to recovery against European majors, as well as Sterling. Traders might need a bit more time to make up their mind. While a September

BofA lifts its forecasts for euro area growth, inflation Forecasts 4.8% growth in 2021 (previously 4.2%) Forecasts 3.7% growth in 2022 (previously 3.5%) Forecasts 2.2% inflation in 2021 (previously 2.0%) Forecasts 1.7% inflation in 2022 (previously 1.5%) Sees PEPP programme ending in March 2022, expects €40-50 billion in APP purchases for 12 months The euro

NEW DELHI: Copper prices on Friday traded up by 0.11 per cent at Rs 712.85 per kg in the futures market on the back of a pick-up in the spot demand. On the Multi Commodity Exchange, copper contracts for delivery in September traded higher by 80 paise, or 0.11 per cent, to Rs 712.85 per

Overall developments in the markets are unchanged for the week. US stocks continued with recent up trend overnight. Dollar, Yen and Swiss Franc extended near term decline. New Zealand and Australian Dollars are the strongest one, followed by Euro and then Sterling. Main focus will now turn to US non-farm payroll report. High volatility is

New Delhi: Gold prices in the national capital on Thursday slipped by Rs 28 to Rs 46,193 per 10 grams amid rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,221 per 10 grams. Silver gained Rs 279 to Rs 62,650 per kg, from Rs 62,371 per

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do

The OPEC+ will continue to increase oil output by +0.4M bpd in October. The decisions was made swiftly and came in line with the alliance’s plan to gradually bring back the output reduced (9.7M bpd) amidst the outbreak of the pandemic last year. Although the alliance has projected that the oil market would be in

Equities slightly higher on the day currently European indices are up around 0.2% to 0.3% across the board while US futures are also sitting higher by around 0.2% on the session now. That is seeing risk sentiment keep in a better spot as we navigate through the day, with mild gains observed in risk/commodity currencies

NEW DELHI: Gold prices in India were almost flat on Thursday, following global trends. Investors were largely on the sidelines awaiting US non-farm payrolls print that is crucial for the Federal Reserve’s tapering timeline. Gold futures on MCX were marginally down 0.02 per cent, or Rs 10, at Rs 47,058 per 10 gram. Silver futures,

While NASDAQ surged to new record high overnight, overall closes were mixed with DOW slightly down. Asia markets also lack a clear direction. Investors appear to remain cautious ahead of US non-farm payroll report tomorrow. So far, New Zealand and Australian Dollars are the strongest ones for the week. Canadian Dollar is lagging far behind

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do