New Delhi: Gold prices rose by Rs 176 to Rs 47,881 per 10 grams in the national capital on Monday in line with gains in the precious metal in the global markets and a weaker rupee, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,705 per 10 grams.
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The Bank of Canada’s (BoC) Business Outlook Survey (BoS) for the fourth quarter revealed on Monday that the business sentiment in Canada improved again, with the BoS indicator coming in at a new record high of 5.99, up from 4.73 in the third quarter. Note that the data for the latest survey was collected prior to the rapid spread
The USDCHF peaked on Tuesday at 0.92776. That was short of the December high at 0.92937. On Wednesday, the price fell sharply and in the process cut through its 100 day MA (blue line on the daily chart above) at 0.92128, and the 200 day moving average at 0.91629. Yesterday the price fell for the
The markets are overall relatively quietly in Asian session today and trading could be subdued with US on holiday. Canadian Dollar is resilient with WTI oil staying firm at around 84 handle. Euro and Dollar are both strengthening notably. On the other hand, Yen, Aussie and Kiwi are softening. In particular, traders seem to be
It appears that retail giant Walmart Inc. is getting ready to enter the Metaverse with patent filings indicating that it plans to create its own cryptocurrency and NFT collection. The multinational retailer filed several new trademarks with the U.S. Patent and Trademark Office on Dec. 30, however, they remained unnoticed until a Jan. 16 report
The People’s Bank of China announced a 10 basis point cut to the one-year medium term lending facility (MLF) rate from 2.95% to 2.85% and 7 day reverse repo open market operation rate from 2.20% to 2.10%. This was the first MLF cut since April of 2020. On Thursday (20 January) this week the Bank
Gold prices eased on Monday, as U.S. Treasury yields gained on hawkish signals from the Federal Reserve and markets began to price in a sooner-than-anticipated reduction in balance sheet. FUNDAMENTALS * Spot gold was down 0.2% to $1,814.08 per ounce by 0024 GMT. U.S. gold futures edged down 0.1% at $1,815.00. * U.S. 10-year Treasury
GBP/USD Price Analysis: Further downside hinges on 1.3655 break GBP/USD bounces off intraday low to 1.3675 during Monday’s Asian session. Even so, the cable pair holds onto the previous week’s U-turn from the 200-DMA. In addition to the failures to cross the key moving average, easing bullish bias of the MACD and the overbought RSI
The USDCAD is moving higher in reaction to the USDs general move to the upside. Helping the trend is the rise in yields. 2 year 0.955%, +5 point basis points 10 year 1.759%, +5.3 basis points 30 year 2.098%, +5.2 basis points Technically, the pair also is getting a boost in the North American session
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Lockdowns in China and thousands of flight cancellations have done nothing to dent buying demand in crude oil since late December. Now crude is threatening last year’s high of $85.41 per barrel. It rose as high as $84.22 today and settled up $1.70 to $83.82. It’s been on a one-way run since hitting a low
Gold prices on Thursday held near a one-week high hit in the previous session, as the U.S. and Treasury yields retreated after inflation data came in line with expectations and reiterated the need for a quicker interest rate hike. FUNDAMENTALS * Spot gold was flat at $1,824.55 per ounce by 0109 GMT. U.S. gold futures
The shared currency edges lower during the New York session by 0.14%. EUR/GBP Technical Outlook: Downward biased, but a break under the 0.8300 figure, would push the pair towards lower prices. The EUR/GBP slide for the second time of the week, though, remains trapped in the 0.8320-65 range for the sixth consecutive day. The EUR/GBP
The NZDUSD has been stepping lower and lower and lower, since it’s high at the start of the London morning session. Recall from yesterday’s trade, the price moved above the swing highs from December 29 and January 3 at the 0.6856 level. The move above, gave the buyers to push up toward the 0.6900 level
Treasury yields are at the highs of the day but that’s no obstacle for US stocks. The S&P 500 is nearly back to unchanged after falling by more than 40 points a few hours ago. In FX, the dollar remains strong but is giving a bit back in the past hour. AUD/USD has tracekd up
Jan 14: Gold prices on Friday were poised for their best weekly gain since last November, as investors await economic data that could provide clarity about U.S. Federal Reserve’s tapering policy, while a weaker and Treasury yields supported bullion. FUNDAMENTALS * Spot gold was flat at $1,820.08 per ounce, as of 0048 GMT. U.S. gold