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European majors are all trading broadly lower today on worsening coronavirus spread and return to lockdowns. Mild risk aversion keeps the Japanese Yen afloat but it’s outperformed slightly by Aussie, after slightly stronger than expected Australian CPI reading. Dollar is mixed for the moment, benefitting little from risk aversion. Traders remain cautious ahead of US
Comments from Macron Virus circulating more quickly than forecast We have taken difficult steps but these aren’t enough If we don’t take drastic action then our doctors will be overwhelmed 2nd wave likely to be worse than first wave France will have 9000 patients in ICU by mid-November More to come, with virus curbs almost
Intensifying worries over out-of-control coronavirus spread in Europe push European stocks to 5-month low today. US futures also point to sharply lower open as this week’s decline would likely extend. Dollar and Yen jump on risk aversion, followed by Swiss Franc to a slightly smaller extend. Australian Dollar and New Zealand Dollar are the worst
Via Reuters  Hedge fund are reported to have purchased crude futures and options at the fastest rate for six months as portfolio managers grow in confidence that OPEC+ will delay their scheduled output increases until demand is stronger. Net position on crude has increased over the two most recent weeks to 464 million barrels rising
Gold prices were subdued on Wednesday, as the dollar strengthened, after hopes of U.S. stimulus faded following President Donald Trump’s comment that a deal would likely come after the November election. FUNDAMENTALS Spot gold fell 0.1% to $1,905.51 per ounce by 0103 GMT. U.S. gold futures were down 0.2% at $1,908.70. The dollar index was
Dollar weakens again today but stay in very tight range as indecisive trading continues. The stronger than expected durable goods orders were are ignored by the markets. White House’s comment that stimulus deal will be there in “coming weeks” is also shrugged off. Swiss Franc is following Dollar is the weaker one. On the other
Gold prices gained in early Asia trade on Tuesday, supported by a weaker dollar and concerns stemming from the surging coronavirus spread globally and its economic fallout. FUNDAMENTALS Spot gold rose 0.3% to $1,907.77 per ounce by 0116 GMT. U.S. gold futures were up 0.2% at $1,909.20. The dollar index slipped 0.1% against a basket
Gold fell below the key psychological level of $1,900 on Monday to its lowest in more than a week, pressured by a firmer dollar and stalled progress in talks for a new U.S. coronavirus aid package. Spot gold fell 0.2% to $1,897.71 per ounce by 0908 GMT, after hitting $1,890.19, its lowest since Oct. 15.