Gold prices dropped due to firmer U.S. Treasury yields and improved risk appetite on hopes of peace between Russia and Ukraine. Pessimism surrounding China’s coronavirus conditions weighs on the gold prices. Indian gold dealers were forced to offer the steepest discount in six years last week. The yellow metal prices stays pressured on Monday [...]
Investors bet that commodity producing economies will take up the slack left by disruptions to Russia's exports. The carnage in the oil prices has not impacted much on the loonie. Hopes of strong employment data from Canada underpins the CAD bulls. The Canadian dollar strengthened against its U.S. counterpart on Friday as market now [...]
Pound climbed against the greenback with investors showing shaky optimism towards diplomatic solution on the Ukraine crisis. Russian oil for imports severely impacted the sterling. Investors keep an eye in the US Consumer Price Index (CPI) numbers, which is due later today. Cable is trading high cheering the much-awaited compromise between the Kremlin and [...]
Euro trades higher with hopes of dialogue as Ukraine retreats from NATO membership and ready to compromise. Investors were also hesitant to sell the euro ahead of a European Central Bank policy meeting on Thursday. Upbeat prints of German Industrial Production (IP) for January favors the Euro bulls, However Ukraine- Russia crisis eyed. Euro [...]
