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I’m not seeing any notable headline driving the move as this looks like just another swing in volatility for the pound this week. There is some notable short-term resistance just above 1.0900 but I would continue to pin the current range for the pair between 1.0600 and 1.1000 in the bigger picture. The dollar continues

National Commodity and Derivatives Exchange (NCDEX) will be relaunching the Robusta Cherry AB Coffee Futures contract for trading from September 30, 2022. Initially, monthly contracts expiring in the months of February 2023, March 2023 and April 2023 would be made available for trading from the launch date. The contract will be a compulsory delivery contract

Dollar retreated notably overnight, following the rebound in US stocks and steep pull back in treasury yields. But it’s so far staying as the second strongest for the week, next to Swiss Franc, while Euro is third. Sterling stabilized further with another recovery attempt in progress. Commodity currencies are on the weaker side, with New

The BOE came in and said they would be buying bonds to stem the selling.They plan a series of bond buying operations through October 14 and announced that the QT program won’t begin until October 31 (fingers crossed). The markets are now implying a rate of 3.79% at their November 3 meeting. That represents a

Gold price declined by Rs 435 to Rs 49,282 per 10 gram in the national capital on Wednesday in tandem with fall in rates of the precious metal in international market, according to Securities. In the previous trade, the yellow metal had settled at Rs 49,717 per 10 gram. Silver also tumbled by Rs 1,600

In a surprised move, BoE announced to intervene in the gilt markets. While 10-year gilt yield drops notably on the news, the recovery in FTSE is just mild. Sterling also just fluctuates and it’s trading as the weakest one for the day. On the other hand, Swiss Franc buyers jump in on worsening energy crisis

10-year Treasury yields are at their highest since October 2008, briefly crossing 4% in European morning trade as the pressure on the bond market continues to mount. I shared some thoughts about the situation yesterday here as to how the threat of financial dislocations isn’t just stemming from the UK alone at the moment. 10-year

Gold prices slipped on Wednesday, as the dollar resumed climb after Federal Reserve officials reiterated the U.S. central bank’s resolution to maintain an aggressive policy stance to tackle soaring inflation. FUNDAMENTALS * Spot gold was down 0.3% at $1,624.81 per ounce, as of 0132 GMT. * U.S. gold futures dipped 0.2% to $1,632.4. * The

Risk-off sentiment dominates Asian markets today, as the Chinese Yuan’s free fall accelerates. The steep depreciation could limit the room for the government to ease monetary policy further to help the economy that’s still troubled by pandemic measures. Yen and Dollar are currently the stronger ones in the currency markets, followed by Swiss Franc. Kiwi

US Treasury Secretary Yellen: Financial markets are operating normally, doesn’t see erratic financial market conditions says she doesn’t see any liquidity or deleveraging issues current conditions are tighter as a result of the battle against inflation US Treasury is monitoring market conditions closely Yellen is right. Yeah, its volatile. It always is on the exit

New Delhi, Capital markets regulator Sebi on Tuesday came out with a new framework for daily price limit for commodity futures contracts in a bid to resolve the difference in closing price at domestic exchange and global bourse. The Daily Price Limits (DPLs) define the maximum range within which the price of a commodity futures

Dollar edges mildly higher after better than expected consumer confidence reading, but stays range bound. Overall, the forex markets are in consolidation mode. Sentiment appears to be supported as US stocks open higher, which European indexes are steady. One focus for the rest of the day is US 10-year yield’s reaction to 4% handle, and

The dollar is softer across the board as it is giving back some of the gains worked out as of late. That said, even with a 1% jump in cable it is still hardly felt with price hovering just above 1.0800 on the day. Elsewhere, the dollar’s position are also solidified with USD/JPY down 0.3%

NEW DELHI: Gold prices moved marginally higher on Tuesday as the US dollar took a breather. That said, despite the rise, it languished near two-and-a-half-year lows amid rate hikes fears. The US Federal Reserve officials on Monday sloughed off rising volatility in global markets and said their priority remained controlling inflation. Gold futures on were

The currency markets have turned into consolidation mode temporarily. Sterling further stabilized after BoE said in a statement that the assessment of the government’s growth plan will be done at next “scheduled” meeting, ruling out an emergency meeting. Dollar is also taking a breather even though 10-year yield rose to the highest level since 2010.

US 10-year Treasury yields finished the day 23 basis points higher to 3.92% but what has me most worried is the final 4 bps on the day. There was a late drop and that has me worried about liquidations or someone blowing up. You would expect to see some rebalancing flows into bonds this late

Gold prices in the national capital rose by Rs 138 to Rs 49,786 per 10 grams on Monday, according to Securities. In the previous trade, the precious metal had closed at Rs 49,648 per 10 grams. Silver also jumped by Rs 224 to Rs 56,514 per kilogram from Rs 56,290 per kg in the previous

Dollar is extending its broad-based rally today. But other positions are somewhat changing. Sterling is now recovering as traders take profit, while awaiting an unconfirmed statement from BoE. Euro is also paring some recent losses. Meanwhile, Swiss Franc, Yen and Canadian soften in general. Australian and New Zealand Dollar are mixed. Technically, while Sterling recovers,