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Been great to be with you all this week as Justin takes some well deserved time away.  I haven’t quite done yet as I wanted to drop in with the latest central bank update. Taking a step back the feel I am getting is that CB’s are thinking about thinking about tightening. The ones that

LONDON: Copper prices held steady on Friday after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal valued at $1.2 trillion over eight years, which helped reinforce expectations of stronger demand. However, worries about the U.S. Federal Reserve tightening monetary policy sooner than expected subdued some of the optimism and weighed on copper prices

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks declined -5.81 mmb to 1282.86 mmb in the week ended June 18. Crude oil inventory slumped -7.61 mmb (consensus: -3.94 mmb) to 459.06 mmb. Stockpile decreased in 4 out of 5 PADDs. PADD 3 (Gulf

Canadian election coming Trudeau is riding high with Canada’s vaccine rollout amongst the best in the world. The country leads the world in first doses delivered and cases have fallen dramatically in the last month or so. Trudeau is aiming to parlay that result into a majority government. He currently governs with a loose minority

Gold rose on Friday after sombre U.S. inflation data tempered bets for early monetary policy tightening by the Federal Reserve, setting bullion on track for its first weekly gain in four. Spot gold gained 0.4% to $1,782.46 per ounce at 10:53 a.m. EDT (1453 GMT), adding over 1% for the week thus far. U.S. gold

Dollar weakens in early US session, in particular against Yen. PCE inflation showed notable acceleration in May but fell short of expectations slightly. Nevertheless, Sterling is the worst performing ones for today, extending post BoE selloff. The Pound is also pressured by uncertainties over resurgence of coronavirus infections. Commodity currencies are the strongest, as US

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

NEW DELHI: Gold prices held steady on Friday as investors awaited US inflation data due later in the day after mixed signals from Federal Reserve officials this week on interest rate hikes. After choppy trading, the yellow metal posted modest gains in domestic markets. Fewer Americans filed new claims for unemployment benefits last week, according

Dollar and Yen are trading slightly softer in Asian session today, as markets are back on full risk-on mode. S&P 500 and NASDAQ hit new record after US President Joe Biden struck an infrastructure deal with a bipartisan group of senators. Asian stocks also trail higher. Commodity currencies rise in general as led by New

Natural gas hits $3.43 Natural gas doesn’t get anywhere the attention that oil does but it’s just as important. US prices are up 9-cents today to $3.43 mmbtf. That’s a big technical break after two tops in the past 8 months but what’s especially notable is the time of year. Big gas spikes often come

NEW DELHI: Gold in the national capital on Thursday dipped by Rs 93 to Rs 46,283 per 10 grams amid rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,376 per 10 grams. Silver, however, gained Rs 99 to Rs 66,789 per kg, from Rs 66,690 per

Sterling drops notably today after BoE delivered no hawkish surprise. While it sounded upbeat on the outlook, the MPC, except chief economist Andy Haldane, would prefer to wait until August to take any policy actions. Dollar is also soft after weaker than expected jobless claims and durable goods orders. On other other hand, New Zealand

London calling Well, there is one main show in town today and that is the BoE meeting at 12pm UK. So, will the BoE taper. Probably.  Last meeting for Andy Haldane on the MPC before he heads off to different pastures and new challenges In terms of the song today. There could be only one.

NEW DELHI: Gold prices edged lower on Thursday as a stronger dollar dented the yellow metal’s appeal. Investors are awaiting more US economic data due this week to gauge inflationary pressures. The safe heaven metal slipped in domestic markets. According to two US Fed officials, inflation may remain elevated longer than expected. The central bank

The chorus of Fedspeaks overnight provided little inspirations to the markets. Some policy makers expected tapering in the coming months, followed by rate hike next year. Some remained more cautious on the outlook. That’s what we already know from the Fed’s dot plot already. Major US indexes closed mixed in tight range. Yen and Dollar

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

NEW DELHI: Gold in the national capital on Wednesday gained Rs 110 to Rs 46,396 per 10 gram following recovery in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,286 per 10 gram. Silver also climbed Rs 324 to Rs 66,864 per kilogram from

The forex markets continue to stay in sort of risk-on mode today, with weakness in Dollar and Yen, and strength in commodity currencies as led by New Zealand Dollar. Though, traders in other markets are not too committed yet. European indexes are just mixed while US futures point to slightly higher open. There is prospect