Mexican Peso strengthens to 19.60 against the Greenback, supported by anticipation ahead of Claudia Sheinbaum’s October 1 inauguration. Business Confidence for September, expected on October 2, could mark a fourth consecutive month of improvement. Despite Peso gains, the US Dollar Index rises by 0.20% as stronger US economic data bolsters the Greenback. The Mexican Peso
admin
Fundamental Overview The USDJPY pair this morning has been on a rollercoaster. Initially, we got a rally following the soft Tokyo CPI numbers and then Takaichi winning the first round of votes in the Japanese election. Things turned around quickly in the run-off as Ishiba won triggering a selloff in the pair. Takaichi was the
The JPY is the strongest and the GBP is the weakest as the NA session begins. The USD is mixed to modestly lower mainly because of the -1.02 decline in the JPY. The other changes vs the major currencies are showing modest changes on the day with the USD higher vs the EUR, GBP, CAD,
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
CSI 300 index weekly chart 🔥 Chinese stocks are sizzling and it has been a while since we’ve seen such an upturn in sentiment in the region. After the over 15% gains last week, the CSI 300 index is up over 6% now at the lunch break. As seen with the chart above, the run
Gold ticked up on Monday and was on track for its fourth straight quarterly gain, buoyed by hopes of another large U.S. rate cut and rising Middle East conflict, while investors awaited comments from Federal Reserve Chair Jerome Powell. FUNDAMENTALS * Spot gold rose 0.2% at $2,662.3 per ounce, as of 0036 GMT. Bullion closed
Gold December futures contracts at MCX opened flat today at Rs 75,942 per 10 gram, which is up by 0.3% or Rs 224 while silver December futures contracts were trading at Rs 91,569/kg, up by 0.19% or Rs 171. On Friday, gold and silver settled on a weaker note in the domestic as well as
Asian financial markets are displaying significant divergence today. Japan’s Nikkei index has plummeted over -4%, reacting sharply to the ruling Liberal Democratic Party’s election results from last Friday. Shigeru Ishiba, the newly elected LDP leader and Japan’s incoming Prime Minister, attempted to soften his previously hawkish stance on the BoJ monetary policy during a interview
Gold price attracts some sellers for the second straight day, though the downside seems limited. The optimism over China’s stimulus measures drives some haven flows away from the XAU/USD. Geopolitical risks and dovish Fed expectations could help limit losses for the safe-haven commodity. Gold price (XAU/USD) remains under some selling pressure for the second straight
USD/CAD seesaws between tepid gains/minor losses amid mixed fundamental cues. A modest USD uptick lends support amid bets for a larger interest rate cut by the BoC. Dovish Fed expectations and a positive risk tone cap gains for the USD and the major. The USD/CAD pair kicks off the new week on a subdued note
The US PCE data was lower than expectations and it helped to push the USD lower. For the EURUSD, the price has moved above a swing area between 1.1181 and 1.11897. The next targets are at 1.1200 and the high for the week at 1.12130. Getting above those levels will have traders targeting the 61.8%
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Speaking on the occasion, Manish Sarda, Chairman, IFAPA, said, “India is the largest exporter of manganese alloys and the third-largest exporter of ferrochrome. However, the industry’s global standing and foreign exchange generation potential is constrained due to high domestic power prices compared to other exporting geographies, tariffs on key imports, etc. For instance, the current
Unexpected developments from Asia significantly influenced global financial markets last week. China’s surprise stimulus measures invigorated investor sentiment, leading to substantial gains in Chinese and Hong Kong equities, as well as strengthening Chinese Yuan. This positive shift boosted commodity-linked currencies, with New Zealand Dollar and Australian Dollar emerging as the top performers for the week.
XAU/USD drops to $2,646 after September inflation data suggests progress toward the Fed’s 2% target. US 10-year Treasury yield falls five basis points, while the US Dollar Index dips by 0.16% to 100.41. Geopolitical risks rise as Israel strikes Lebanon, but Gold fails to gain momentum as traders cash in profits. Gold fell to a
The USDCHF is moved lower on the back of the PCE data today and that move has now taken the price of the USDCHF to 0.8400 target. Remember, that area is a low of an up-and-down trading range that has confined the pair going back to August 20. The high of the area comes in
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Fueled by China’s stimulus, beginning of the Fed’s easing cycle, and rising industrial demand, silver prices have touched fresh record highs above Rs 94,000-mark with experts now predicting a climb to Rs 1 lakh/kg by late 2024 or early 2025. With buying momentum remaining strong in international markets as well for the past few weeks,
- « Previous Page
- 1
- …
- 31
- 32
- 33
- 34
- 35
- …
- 1012
- Next Page »