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SINGAPORE: Oil prices fell more than 1% on Thursday, extending losses as investors braced for more supplies following a compromise between top OPEC producers and as U.S. fuel stocks rose, raising concerns about demand in the world’s largest consumer. Brent crude futures for September dropped 91 cents, or 1.2%, to $73.85 a barrel by 0158

New Zealand Dollar rises broadly after RBNZ halts its asset purchase program. The movement also takes Aussie slightly higher. On the other hand, Dollar is not quite able to extend the post-CPI rally, and softens slightly. European majors are currently mixed. Focus will now turn to BoC policy decision and the reaction in Canadian Dollar

US stocks set to erase yesterday’s decline US equities swooned late yesterday but a combination of good news will boost share prices today. The latest is Powell, who emphasized that the Fed will provide advance notice before announcing a decision to make changes in Fed policy. There was no hint of a rush to hike

MUMBAI: There is a growing consensus in markets that global oil prices could reach the triple-digit mark by next year on the back of booming global demand as more economies open up after the ongoing Covid vaccinations. Noted commodity strategist Francisco Blanch of BofA Securities last month made a case for oil to reach $100

Dollar is back under pressure again as risk-on sentiments seem to be back as indicated by US futures. Swiss Franc and Euro are not too far away, as both turn softer, while Yen is following. On the other hand, New Zealand Dollar continues to lead the way after RBNZ’s halt of asset purchase program. Canadian

Australian state of Victoria records 7 new cases all linked to the NSW outbreak Victoria is home to Australia’s second largest city of Melbourne. Melbourne has had 4 lockdowns (much stricter than the current lockdown in Sydney). Australia remains vulnerable to outbreaks with such a slow rollout of vaccinations. While it appears not to impact

NEW YORK: Oil prices rose more than 1 per cent on Tuesday, as tight supply and expectations of a further draw in US and global crude inventories provided support. Brent crude rose $1.18, or 1.6 per cent, to $76.34 a barrel, while US West Texas Intermediate crude rose $1.11, or 1.5 per cent, to $75.21

Yen decline continues overnight and stays soft on the back of solid risk-on markets. DOW closed just shy of 35k handle overnight, but the three major indexes ended at record highs nonetheless. Solid buying is also seen in Asia, with Hong Kong HSI staging and impressive rebound. Australian and New Zealand Dollar are currently the

US dollar climbs across the board The US dollar is around 50 pips higher across the board, though a bit less against the yen on risk aversion. I’m watching the bond market closely and so far it’s a bit of a stalemate. You’ll remember that last month, long end yields initially pushed higher and then

Kolkata: The investing community is likely to stay away from gold and silver in the short and medium term as lack of concerns over rising cases of Delta variant of Covid-19 pandemic has rubbed the sheen off the safe haven status of these precious metals. International wealth management firms and bullion dealers said that rangebound

Dollar rebounds strongly in early US session after much stronger than expected CPI inflation reading. The headline reading has indeed been trend up every month since January and showed no sign of slowing yet. Yen also rebounds following the greenback. Meanwhile Sterling and Canadian Dollar are the weakest ones for today for the moment. Technically,

NEW YORK: Oil prices fell on Monday as concerns about slowing global growth outweighed the prospect of tightening supply after talks among key crude producers to raise output in the coming months stalled. Brent crude for September fell 45 cents, or 0.6 per cent, to $75.10 a barrel by 12:08 p.m. EDT (1605 GMT). U.S.

Strong first quarter GDP growth and rapidly rising inflation pressure suggest that the RBNZ would at least maintain a hawkish stance at this week’s meeting. While the monetary policy measures will stay unchanged, policymakers will likely react to market expectations of a rate hike in November, compared with RBNZ’s projection of next year in May.

Light schedule today otherwise The economic calendar in North America today is barren but the Treasury auction calendar is full. The US is selling both 3-year and 10-year notes in a rare double-header. The longer-end sale at 1300 GMT is where the focus will be after last week’s big bond rally. Treasuries are holding steady

New Delhi: Gold in the national capital on Monday dipped Rs 169 to Rs 46,796 per 10 gram with a fall in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,965 per 10 grams. Silver also went lower by Rs 300 to Rs 67,611

Overall markets lack clear direction today. Major European indexes are mixed in tight range. DOW future is down over -100 pts at the time of writing, but NASDAQ futures are up. Dollar recover mildly together with Yen and commodity currencies are the softer ones. But overall, major pairs and crosses are bounded inside Friday’s range.

The China Securities Journal cites analysts: H2 economic growth is expected to be not as quick as in H1 (2021) government could increase policy support The article comes after last week’s RRR cut which was not a ‘targeted’ cut (these tend to stimulate, by making lending less restrictive, specific parts of the economy such as