Oil prices rose on Thursday as investors digested the International Energy Agency’s (IEA) latest oil market report – in which it predicts a tighter market in 2024 – as well as fresh U.S. economic data. Brent crude futures for May rose 70 cents, or 0.83%, to $84.73 a barrel by 1346 GMT. U.S. West Texas
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Overall, the forex markets are still stuck in consolidative trading in Asian session, with expectations set for a subdued European session given the light economic calendar. However, anticipation builds for volatility spikes with releases of US retail sales and PPI later today. For now, Canadian Dollar is the stronger one for the week, followed by
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
Gold prices fell on Thursday in the opening trade amid profit booking after a strong rally that took yellow metal prices to the lifetime highs of 66,356 per 10 grams. They have corrected by Rs 549 or 0.82% from their peak. They were trading at Rs 65,807, down by Rs 90 or 0.14%. May Silver
Consolidative trading continues in the forex markets in general. There is little reaction to the batch of economic data released from there US. Comments from ECB officials were also largely ignored. For now, commodity currencies are the stronger ones for the week, as led by Canadian Dollar, while Euro is also firm. Sterling and Swiss
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
Oil prices rose 2% on Wednesday, supported by a drop in U.S. crude inventories as well as potential supply disruption after Ukrainian attacks on Russian refineries and signs of strong demand. Brent crude futures for May were up $1.54, or 1.88%, to $83.46 a barrel by 1445 GMT. U.S. West Texas Intermediate crude for April
Yen declined notably during the European session and stays weak as markets enter into US session. The selloff comes in the wake of rebound in European and US benchmark yields. Despite positive news from Japan, where large corporations have committed to significant wage increases for the first time in decades, the Yen struggled to find
US equity future are flat today but Tesla will be a drag. They’re trading lower by 2.5% in the pre-market and threatening yesterday’s low after a downgrade from Wells Fargo. They expect sales “to disappoint as [price] cuts are having a diminishing impact on demand. .. In the wake of price cuts are lower lease
Gold prices plunged Rs 400 to Rs 65,950 per 10 grams in the national capital on Wednesday amid weak trends in the overseas markets, according to HDFC Securities. The precious metal had closed at Rs 66,350 per 10 grams in the previous trade. Silver also plummeted Rs 600 to Rs 75,300 per kg. In the
In today’s subdued Asian session, the currency markets saw minimal movement, with most major pairs and crosses gyrating within yesterday’s range. Japanese Yen managed to carve out modest gain, buoyed by optimistic remarks and tangible actions related to wage growth within the country. Chief Cabinet Secretary Yoshimasa Hayashi’s commentary on seeing “strong momentum” for wage
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
Mumbai: The Reserve Bank of India has asked banks to share with it information on frauds reported in gold loans, actions taken by them to recover the money and defaults in the portfolio, said people with knowledge of the matter. The RBI also asked banks to review their lending processes to check if they are
Dollar saw only a temporary uplift from stronger-than-expected CPI figures from the US. The greenback reverted to pre-release levels, while stock futures rebounded. Traders appeared to be refraining from taking decisive bets. This reaction suggests that the inflation data, despite being higher than anticipated, may not be sufficiently influential to deter Fed from cutting interest
Headline measures: CPI y/y +3.2% versus 3.1% expected Prior y/y 3.1% CPI m/m +0.4% versus +0.4% expected Prior m/m 0.3% Core measures: Core CPI m/m +0.4% versus +0.3% expected. Last month 0.4% Core CPI y/y 3.8% versus 3.7% expected. Last month was 3.9% Shelter +0.4% versus +0.6% last month Shelter y/y +5.7% vs +6.0% prior
Gold prices were steady on Tuesday as traders refrained from taking new positions after the bullion hit a record high ahead of US consumer prices data that could provide clues on the Federal Reserve‘s monetary policy trajectory. The April gold futures were trading at Rs 65,995 per 10 grams on the MCX at 10:06 am
Yen weakened broadly in Asian session today, reversing some of its robust since the previous week. This shift in momentum comes amid tempered expectations for an imminent BoJ rate hike at next week’s meeting. Japanese Finance Minister Shunichi Suzuki’s comments that the country is not yet ready to declare victory over deflation, despite positive signs
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