Open: London Session | Forex, Metals, Oil, Agriculture December 28, 2020



The euro traded at $1.2204, a tad below its 2-1/2-year high of $1.22735, while the yen changed hands at 103.56 per dollar. The rupee appreciated by 4 paise to 73.51 against the US dollar in opening trade on Monday, as sustained foreign fund inflows and strong domestic equities strengthened investor sentiment. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.05 per cent to 90.18. The dollar index was little changed at 90.224, following a three-day slide.
“It’s buy the rumour, sell the fact.”The dollar was little changed at 103.63 yen. The euro slipped 0.1 per cent to $1.2199, further retreating from the two-and-a-half-year high of $1.2273 touched this month. On Thursday, the rupee had settled at 73.55 against the US dollar. The British Pound paused a three-day rally and traded lower on Monday’s open.


From 42 out of 45 completed series, a total investment of ₹18,152.14 crore for over 481 lakh gm gold has been received since inception of the scheme. “The investors do not need to have bear extra cost on account of purchasing gold in various forms. Issue price fixed at ₹5,000 per gram New series of Sovereign Gold Bond is opening for subscription on Monday.


Brent crude futures, the global oil benchmark, fell 0.43 per cent to USD 51.07 per barrel. Oil prices edged down a tad, with US crude futuresdown 0.8 per cent at $47.85 per barrel.

United States

Trump signed into law the $2.3 trillion pandemic aid and spending package, officials said on Sunday night, averting a partial federal government shutdown. Asia-Pacific markets may kick off the week with a positive tone as President Trump hinted at “good news” on the stimulus bill after refusing to sign off last week. US S&P futures last traded up 0.4 per cent.The futures had earlier reversed losses after a cryptic tweet by Trump – “Good news on Covid Relief Bill.
The Capital Spectator has been quoted by a range of news organizations, including The Wall Street Journal, Reuters and others. The Reverse Stock Split is intended to enable the Company to potentially regain its listing on the Nasdaq Capital Market.


A potential conclusion of the Brexit trade deal is among the top market events to watch out for this week. “Regardless of the Brexit deal, cable will be down,” hesaid.