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The forex markets are extending near term corrective moves today, with Yen turning slightly stronger, followed by Swiss Franc. Canadian Dollar and Sterling are the weaker ones, followed by Dollar. The Loonie will look into BoC policy decision for guidance. Meanwhile, broader markets will look at development in overall risk sentiments. European indexes are trading

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 of your initial investment; do

NEW DELHI: Gold prices edged lower on Wednesday, tracking a weak global trend, although the declines were marginal. A stronger US dollar and elevated bond yields dented bullion’s safe-haven appeal ahead of key central bank meetings in the coming few days. Gold futures on MCX were trading 0.10 per cent or Rs 58 lower at

Australian Dollar rises broadly today with support from strong inflation data. But upside is capped by mildly negative investment sentiment in Asia. While DOW and S&P 500 made new records overnight, there is no follow through in risk-on sentiment. Overall currency markets are mixed, with Yen as second strongest so far. Dollar is the weakest

Australian Q3 inflation data is due Wednesday 27 October 2021 at 0030 GMT  For the headline: Core inflation: Trimmed mean expected 0.5% q/q, prior 0.5% expected 1.8% y/y, prior 1.8% For the weighted median, another measure of core inflation. expected 0.5% q/q, prior 0.5% expected 1.9% y/y, prior was 1.7% Short preview post here from yesterday.  Via NAB:  the risks

New Delhi: Gold in the national capital on Tuesday declined marginally by Rs 5 to Rs 47,153 per 10 gram following weak global trends, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,158 per 10 gram. Silver slumped Rs 287 to Rs 64,453 per kilogram from Rs 64,740

Risk-on sentiment is pressuring Yen and Dollar today, while Euro and Swiss Franc are not too far away. On the other hand Sterling is the strongest, while Aussie leads other commodity currencies. US futures are trading higher suggesting that DOW and S&P 500 are on track to extend record ones. The question is whether buying

Dollar keeps more mixed amid light changes across the board EUR/USD is resting within a 18 pips range so far today and is now trading around 1.1610 as price action remains more sticky with little for traders to work with on the session. There are large expiries seen around 1.1600 this week for the pair

New Delhi: Precious metals have gained their mojo back ahead of the busy festive season. In the bullion market, silver outperformed gold recently. The spot prices of silver have soared as much as Rs 7,700 in October thus far and market experts said the momentum would continue in the near term. Silver hit a recent

The surge in electricity price has haunted the Eurozone since the last ECB meeting. Meanwhile, heightened inflation expectations have moved forward market pricing of the first post-pandemic rate hike to end-2022, significantly ahead of the central bank’s estimate. We expect policymakers to make use of the October meeting to address these issues, although the monetary

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 of your initial investment; do

New Delhi: Gold in the national capital on Monday rose by Rs 182 to Rs 47,023 per 10 gram in line with rally in international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,841 per 10 gram. However, silver declined by Rs

Euro drops broadly today after slightly weaker than expected German sentiment. Bundesbank also warned of significantly lower growth in Germany in Q4. Swiss France is following as second weakest. Yen is also soft following rally in major global treasury yields. On the other hand, Aussie is currently the strongest for today, followed by Dollar. Technically,

Forex news from the European trading session – 25 October 2021 Headlines: Markets: AUD leads, EUR and CHF lag on the day European equities mostly a little higher; S&P 500 futures up 0.1% US 10-year yields flat at 1.654% Gold up 0.5% to $1,800.30 WTI up 1.1% to $84.70 Bitcoin up 3.4% to $62,781 It

NEW DELHI: The seventh tranche of Sovereign Gold Bond Scheme 2021-22 opened for subscription today. The Ministry of Finance has fixed the issue price for the scheme at Rs 4,765 per gram. The Sovereign Gold Bond Scheme 2021-22 – Series VII will remain open for subscription for next five days as it can be subscribed

As further QE tapering to CAD 1B/week has been fully priced in, the focus of this week’s BOC meeting is the forward guidance on rate hike. The market has priced in 3 rate hikes in 2022. We expect the central bank to maintain the guidance that a rate hike would come when “economic slack is

US Treasury Secretary Yellen spoke with CNN on Sunday, giving her opinion on US CPI.  Asked when she expects inflation … to get back to the 2% range considered acceptable, Yellen told CNN’s Jake Tapper that it would be the middle to second half of 2022. “Well, I expect that to happen next year. Monthly

MELBOURNE: prices resumed their climb on Friday on continued tightness in U.S. supply, but were headed for a flat finish on the week as coal and gas prices eased, curbing fuel-switching which had stoked demand for oil products for power. U.S. West Texas Intermediate (WTI) crude futures rose 20 cents, or 0.2%, to $82.70 a