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The bond market has been rather tentative in trading this week Despite the unrelenting dollar strength over the past few days, bonds have not really conformed to that view with 10-year Treasury yields sitting below 1.50% still today. The next key catalyst for a move will come from the NFP release but will it really

NEW DELHI: Coriander prices on Friday rose Rs 22 to Rs 6,658 per quintal in futures trade as speculators widened their holdings tracking firm trend at the spot market. On the National Commodity and Derivatives Exchange, coriander for July delivery went up Rs 22, or 0.33 per cent, to Rs 6,658 per quintal with an

Dollar’s rally resumes after brief consolidation as focus now turns to non-farm payroll report. While some Fed officials might sound optimistic on their expectation on tapering later this year, it’s certain that Fed won’t move unless upbeat outlook is realized in economic data. Successive solid job growth for a few months is needed to give

Forex news for North American trading on July 1, 2021 Taking a look around the markets as the day comes so close shows: Spot gold up $6.87 or 0.39% at $1776.90. Spot silver is down $0.10 or -0.41% $26.01 WTI crude oil futures trading up $1.42 or 1.94% at $74.92 Bitcoin is trading down $1595

NEW YORK: Oil prices rose about 2% on Thursday on indications that OPEC+ producers could increase output more slowly than expected in coming months, while rising global fuel demand would continue to tighten supply. Brent crude was up $1.23, or 1.7%, to $75.85 a barrel by 12:38 p.m. EDT (1638 GMT). U.S. West Texas Intermediate

Dollar surges sharply against Yen today and maintains gain after better than expected job data. Though, the greenback is retreating mildly against other major currencies, as traders are probably lightening up their positions first ahead of tomorrow’s non-farm payrolls. Comments from ECB and BoE officials gave Euro and Sterling some support. But they’re not enough

Latest data released by Markit – 1 July 2021 The preliminary report can be found here. A slightly lower revision but this is still a very solid reading, with output, new orders, and employment conditions continuing to hold among the best seen throughout the survey’s history. That said, much like the euro area’s readings earlier,

NEW DELHI: Gold prices edged lower on Thursday in global markets as the dollar hovered near a three-month peak, with investors looking ahead to a key US jobs report due later this week. However, the yellow metal gained in domestic markets as the government slashed the base import price of the precious metal. US private

Dollar’s rally continues to make progress, one step at a time. Solid job report overnight helped lift the greenback through near term resistance against Euro and Yen. Nevertheless, reaction in stocks were subdued. Focus will now turn to ISM manufacturing today for more inspirations. Meanwhile, commodity currencies and Swiss Franc are currently the weakest for

Forex news for North American trade on June 30, 2021: Markets: Gold up $9 to $1770 US 10-year yields down 0.3 bps to 1.44% S&P 500 up 10 points to 4297 WTI crude oil up 53-cents to $73.51 USD leads, JPY lags The dollar bid was relentless into quarter end before finally giving some back

Gold nudged up on Wednesday but was headed for its largest monthly decline since November 2016, as investors were wary ahead of the upcoming U.S. jobs data that could intensify fears over the U.S. Federal Reserve easing its asset purchases. Spot gold rose 0.4% to $1,768.78 per ounce by 1:52 pm EDT (1752 GMT) having

Dollar and Loonie rise in early US session after better than expected economic data. Sterling follows closely after hawkish comments from BoE chief economist. As for today, Swiss Franc is currently the worst performing, followed by New Zealand and than Australian Dollars. The greenback is surviving the first data test and focus will stay on

Risk taking  In the first half of the year European stocks have really grown in their hunger for risk. Some of the biggest returns within European stocks have been stocks, banks, electric vehicle manufacturers and bookmakers. Some of the lockdown leaders have fallen into the background. These move reflect a move away from 2020’s more

NEW DELHI: Coriander prices on Wednesday fell by Rs 4 to Rs 6,740 per quintal in futures trade as speculators reduced their positions amid weak demand at spot market. On the National Commodity and Derivatives Exchange, coriander contracts for July eased by Rs 4, or 0.06 per cent, to Rs 6,740 per quintal in 6,340

Gold price got dumped, falling to the lowest level in over 2 months. Losing over -7% against USD in June, the selloff this time has been driven by strong US dollar, rather than higher yields. The greenback is darling of the market recently, thanks to strong economic data, a more hawkish Fed and diminished risk

Forex news for North American trading on June 29, 2021. The housing data from the Case Schiller for April continue to show stronger again zero year. The case Schiller index of 20 cities showed a 14.9% year on year gain. The FHFA price index rose 15.7% year on year. Both are higher than the previous

NEW DELHI: Sebi on Tuesday decided to introduce cross margin benefit between commodity index futures and its underlying constituents futures, a move that will reduce the cost of trading and boost liquidity in such products. The move is part of Sebi’s effort to improve the efficiency of the use of the margin capital by market

Dollar rises sharply today and takes the Japanese Yen higher too. There is no clear stimulus for the moves as other markets are mixed. The technical development suggests that this week’s retreat has completed already. New Zealand and Australian Dollar are currently the worst performing. But Euro and Sterling are not too far behind. Technically,