Month: October 2020

Down $0.38 or -1.05% The price of crude oil futures settle at $35.79. That is down -$0.38 or -1.05%. The high price reached $36.60. The low price reached $35.21. The price last week closed at $39.85. With the close this week at $35.79. That represents a -10.2% decline for the week. Driving the price lower
Global equities tumbled notably last week, partly as coronavirus spread was hitting new record highs. Also of the same importance, US investor had lightened up their positions in preparation for the Presidential elections. Yen and Dollar surged broadly to end as the strongest one. Euro was the worst performing, on return to coronavirus lockdown, and
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The manufacturing PMI fell from September but not by as much as expected (central median estimate). Manufacturing 51.4Non-manufacturing 56.2Composite 55.3 prior 55.1 Official Purchasing Manager’s Index (PMI) from China’s National Bureau of Statistics. All remain above 50 and in expansion.   China’s economy is still struggling out of the pandemic response earlier in the year, but
The euro finds support at 1.1640 after a five-fay sell-off. COVID-19 lockdowns and the ECB have sent the euro tumbling. The US elections will be a key EUR/USD driver next week. The euro extended its downtrend for the fifth consecutive day and is on track for a 1.75% weekly decline to close the week near 1.1640
BENGALURU/MUMBAI: Healthy sales during a recent festival encouraged Indian jewellers to continue stocking up this week, while more supply started to make its way into Singapore and Hong Kong as dealers navigate around COVID-19-led bottlenecks. Indians celebrated the Dussehra festival on Sunday, and now await Diwali and Dhanteras in November. “Dussehra sales gave confidence to
Forex markets are staying in relatively tight range on mixed market sentiments. Asian indices turn lower despite a weak recovery in US markets overnight. For the week, Yen and Dollar are still the strongest ones. Euro is the weakest one after ECB indicated some policy recalibration in December. Canadian Dollar is the second weakest on