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China’s major economic data missed expectations in May. Industrial production (IP) expanded +8.8% y/y in May, worse than consensus of +9.2% and April’s +9.8%. Retail sales growth decelerated to +12.4% y/y, from +17.7% in April. The market had anticipated a +14% growth. Fixed asset investment (FAI) gained +15.4% y/y in the first 5 months of

Fed speak will be one of the highlights The Fed dominated the past week and it will likely be more of the same in the days ahead with a heavy slate of speakers scheduled to offer their thoughts on the stance of monetary policy. Monday: Bullard Kaplan Williams Tuesday: Mester Daly Powell testifies in Congress

NEW DELHI: Mentha oil jumped nearly 6 per cent on Friday to touch a one-year peak due to unfavourable weather conditions causing a delay in arrival. On the Multi Commodity Exchange (MCX), mentha oil futures (June 30) surged as much as 5.66 per cent to Rs 1,040 per kilogram – a level last seen on

Dollar ended last week sharply higher as boosted by the surprisingly hawkish FOMC projections. Yen followed as second strongest on steep selloff in stocks, while Euro is a distant third. Commodity currencies were the worst performers, with Aussie leading the way, followed by New Zealand Dollar. Though, Swiss Franc were also one of the weakest.

Forex news for North American trading on June 18, 2021: Markets: Gold down $9 to $1764 US 10-year yields down 6.4 bps to 1.436% S&P 500 down 55 points to 4166 WTI crude up 62-cents to $71.66 JPY leads, NZD lags Bullard set the tone with some hawkish comments just as New York trade was

LONDON: Oil prices fell for a second straight session on Friday as the US dollar soared on the prospect of interest rate hikes in the United States, but they were on track to finish the week little changed and only slightly off multi-year highs. Brent crude futures were down 60 cents, or 0.8%, at $73.68

Dollar is consolidating some gains in Asia session today but remains overwhelmingly the strongest for the week. Yen is following closely as second best. Yet, there is no one-sided risk aversion in the markets to help Yen against Dollar. US stock indexes ended mixed overnight only, while Asian markets are trading in narrow range. Swiss

Forex news from the European trading session – 18 June 2021 Headlines: Markets: JPY leads, AUD and NZD lag on the day European equities lower; S&P 500 futures down 0.2% US 10-year yields down 1.9 bps to 1.485% Gold up 1.1% to $1,793.50 WTI down 0.6% to $70.60 Bitcoin up 0.5% to $37,925 There wasn’t

Gold struggled for direction in choppy trading on Friday en route to its worst week in nine months as the resumed its rally while investors took stock of the US Federal Reserve‘s hawkish outlook. Spot gold edged 0.2% down to $1,770.60 per ounce by 10:28 a.m. EDT (1428 GMT), stalling an initial uptick on some

Sterling is among the worst performing currency for today, together with commodity currencies. Poor retail sales data from the UK is weighing on the Pound. Additionally, the resurgence in coronavirus infections, now due to the delta variant, in the UK is concerning. Daily new cases jumped above 11k, after average around 2k just a month

Forex news for Asia trading on Friday 18 June 2021 Cable is up a little for the session here, not a large range, with news that the UK might be able to exit the final part of lockdown two weeks early helping it along a little. The report was non-committal, with plenty of hedges (depends

MELBOURNE: Oil prices fell for a second consecutive day on Friday as the U.S. dollar soared on the prospect of interest rate hikes in the United States, but were nevertheless on track to finish the week flat – only slightly off multi-year highs. Brent crude futures were down 52 cents, or 0.7%, at $72.56 a

Dollar surges overnight after much hawkish than expected Fed interest rate projections. The case of near term bullish reversal continues to build up and there is prospect of further rally before weekend. Markets are relatively mixed elsewhere though. Australian Dollar is lifted by strong job data while New Zealand Dollar is supported by strong GDP.

What’s next for US housing The pandemic sparked a desire for more space and prompted an exodus from the biggest cities. Remote work isn’t going away and the US has suffered from a decade of under-building. In the short-term, home builder Lennar expressed confidence in high demand in today’s earnings report. tuart Miller, Executive Chairman

NEW DELHI: Domestic gold futures tanked by more than Rs 1,600 on Thursday mirroring losses in global benchmarks, as the dollar and US bond yields surged after the US central bank’s projection of earlier-than-expected rate hikes. The August 5 contract of the yellow metal on MCX fell as much as 3.38 per cent or Rs

Dollar’s post-FOMC strength continues to overwhelm the markets today. Though, Yen is also catching up as US futures point to a weak open. Selling in commodity Yen crosses is also helping the Japanese currency. Swiss Franc is currently the worst performing, as SNB sounded it’s fully in inertia despite better growth and inflation outlook. Kiwi

Forex news for Asia trading on Thursday 17 June 2021 Major FX digested the FOMC outcome here in Asia in a relatively sedate manner. AUD and NZD were different, though. New Zealand kicked off the data agenda with a huge beat for Q1 GDP. This was followed up by at least one set of bank

SINGAPORE: Crude oil prices fell on Thursday pressured by a stronger U.S. dollar, but losses were limited by a big drop in crude oil inventories in the United States, the world’s top oil consumer. Brent crude oil futures dropped by 74 cents, or 1%, to $73.65 a barrel by 0103 GMT after reaching its highest