Most Asian currencies rose slightly on Tuesday, while the dollar was somewhat mixed ahead of more cues on the U.S. economy and monetary policy from key inflation data due later this week. Still, gains in regional currencies were limited following a string of less hawkish cues from local central banks, amid signs that inflation was […]
Commodities
Commodities
Commodities
10
Apr
Apr
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Markets To Watch
Investors that will be returning to the markets after Easter holidays and will face a number of top-tier market events in the week ahead. Rate decision from the Bank of Canada, Q1 earnings from major US banks as well as FOMC minutes and US inflation data are highlights in this week’s calendar. Be sure to watch […]
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Apr
Apr
Chart of The Day
Gold is lower by about 0.6% from the perspective of the first session of the week. It is the first trading day for gold after the release of NFP jobs data from Friday when the market for gold was closed. Data from the US labor market showed that a rate hike from the Fed in […]
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Apr
Apr
CAD up on Positive Jobs Data
The Canadian jobs report for March was released today at 1:30 pm BST. Report release was brought a day forward as Canada will be observing Good Friday tomorrow. Data turned out to be a huge positive surprise. Employment change turned out ot be much higher-than-expected with both full-time and part-time jobs showing decent increases. As […]
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Apr
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Ukraine ‘ready to talk’ on Crimea if offensive succeeds – FT
Ukraine is willing to talk to Russia about the future of its annexed province Crimea, if a planned counteroffensive this year succeeds, the Financial Times reported a senior official as saying late on Wednesday. “If we will succeed in achieving our strategic goals on the battlefield and when we will be on the administrative border […]
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Apr
Apr
Shell projects strong gas trading in first quarter
Shell PLC’s (AS:SHEL) first quarter gas trading will resemble the results posted in the final three months of 2022, the oil major said in an update on Thursday. In the statement, Europe’s biggest oil and gas company predicted that trading and optimization at its key integrated gas division would be “at a similar level” compared to the fourth […]
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Apr
Apr
USD moves higher on safe haven flows; caution ahead of payrolls
The U.S. dollar edged higher in early European trade Thursday with weakening risk sentiment benefiting this safe haven, but remains near two-month lows as a cooling economy points to a pause in the U.S. Federal Reserve rate-hiking cycle. At 03:55 ET (07:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other […]
06
Apr
Apr
German Industrial Production Accelerates
Industrial production in Germany is accelerating, as evidenced by the latest report by Destatis (Germany’s statistics agency). The survey data indicated that production rose 2.0% m/m, compared to an earlier reading of 3.5% and analysts’ predictions of a 0.1% decline. German Industrial Production WDA (Y/Y) Feb: 0.6% (est -2.0%; prev -1.6%). Source: Destatis
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USD/CAD bounces off intraday low to 1.3700 as Oil retreats, mid-tier US, Canada statistics eyed
USD/CAD consolidates weekly losses as it reverses from the intraday low of 1.3683 to 1.3710 during early Friday morning in Europe. The Loonie pair’s latest rebound could be linked to the WTI crude oil’s pullback, Canada’s key export earner. In doing so, the quote struggles to justify the US Dollar’s second consecutive daily loss amid […]
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Mar
XAU/USD climbs back closer to six-week high amid banking crisis fears
Gold price regains some positive traction following the previous day’s good two-way price moves and maintains its bid tone through the early European session on Friday. The XAU/USD is currently placed just above the $1,930 level, up over 0.60% for the day, and remains well within the striking distance of a six-week high touched on […]