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Oil prices continue to sizzle but Saturday’s Iran meetings are a big risk WTI crude oil rose 61-cents to $70.91 today and finished the week up 1.8% after a minor stumble on Monday. Oil is up $10 since May 21. At that time there were headlines indicating an Iran nuclear deal was close.  The market

NEW DELHI: Copper prices on Friday traded up by 1.31 per cent at Rs 747.75 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 June traded higher by Rs 9.65, or 1.31 per cent, at Rs 747.75 per

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Negotiations called “intense” The talks to revive the Iran nuclear deal are resuming in Vienna on Saturday.  European leaders called the negotiations “intense” with Germany calling for rapid progress.   The talks kicked off with Iran, Russia, China, France, Britain, Germany and the EU gathered in a hotel. The US delegation is across the street as

NEW DELHI: Nickel prices were up 0.96 per cent to Rs 1,343.20 per kg in the futures trade on Friday, as speculators built up fresh positions on rising demand from alloy makers in the spot market. On the Multi Commodity Exchange, nickel contracts for the June delivery gained Rs 12.80, or 0.96 per cent, to

The intra-week rebound in global benchmark treasury yields was rather short-lived. Yields in Germany, US and Japan then turned south after ECB’s decision on PEPP purchases. That came even though CPI jumped to 13-year high. It remains to be seen of investors are giving a strong node to central bankers’ view that it’s transitory. Swiss

Weekly US futures positioning data for the week ending June 11, 2021: EUR long 107K vs 109K long last week. Longs trimmed by 2K GBP long 27K vs 24K long last week. Longs increased by 3K JPY short 37K vs 47K short last week. Shorts trimmed by 10K CHF long 1K vs flat last week. Shorts increased

NEW YORK: Oil prices reached fresh multi-year highs on Friday, closing out a third straight week of gains on an improved outlook for worldwide demand as rising COVID-19 vaccination rates help lift pandemic curbs. Brent crude futures settled at $72.69 a barrel, rising 17 cents after reaching their highest since May 2019. For the week,

Swiss Franc is generally firm as weekend approaches. Even though there was no follow through buying in Euro after ECB overnight, the common currency is somewhat support mildly by the strength in the Franc. Meanwhile, Yen’s selloff faded quickly, together with the rebound attempt in treasury yields. Dollar, Canadian Dollar and New Zealand Dollar are

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: Aluminium prices rose 0.87 per cent to Rs 196.95 per kg in the futures trade on Friday, as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium contracts for the June delivery gained Rs 1.70, or 0.87 per cent, to Rs 196.95 per

Notable buying is seen in Dollar as markets enter into US session. There is no apparent reason for the rally, except that some traders could be adjusting positions ahead of the high profile G7 summit. Resilience in the Swiss Franc is affirm this pre-emptive risk aversion. Meanwhile, Sterling is also firm after solid GDP data.

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

LONDON: OPEC stuck to its prediction of a strong world oil demand recovery in 2021 led by the United States and China, although it cited uncertainties around the path of the pandemic. In a monthly report on Thursday, the Organization of the Petroleum Exporting Countries said demand would rise by 5.95 million barrels per day

The ECB meeting contains little surprise. On economic developments, despite the notion that recent rise in inflation has been driven by temporary factors, the staff upgraded headline inflation projections sharply for this year and 2022. All monetary policy measures stay unchanged. Obviously, policymakers avoided to mention about “taper”, amidst concerns over tightening financial conditions. Acknowledging

What to expect going into the US CPI data The market is drifting sideways ahead of key risk events today, with the ECB policy meeting decision to come first before the US CPI data release. The estimate for US CPI in May is for the annual reading to tick higher from +4.2% y/y in April

KOLKATA: India‘s largest private-sector agriculture post-harvest management company, erstwhile National Collateral Management Services Limited (NCML), has announced today that the company will begin operating under a new name – National Commodities Management Services Limited, effective immediately. The new name reflects the company’s emphasis on providing commodity services along the comprehensive agriculture lifecycle from farm to