Oil prices rose on Friday and were set to end the week modestly higher as talks over a potential ceasefire in Gaza were further complicated by the deaths of more than 100 Palestinians waiting for an aid delivery. Brent futures for April delivery rose 29 cents, or 0.4%, to $82.20 a barrel by 0118 GMT,
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Euro rises broadly today even though gains are so far limited. The common currency is lifted by stronger than anticipated Eurozone inflation figures, which suggests that the path to disinflation may be encountering obstacles. This development could providing ammunition to hawks within the ECB Governing Council, to advocate for a cautious approach towards rate cuts.
It’s been a choppy one for the bond market as 10-year yields in the US went up as high as 4.28% earlier only to fall back to 4.22% on the day now. The overall price action is still not really helping the bigger picture outlook, as outlined earlier here. But amid the drop in yields,
Gold prices firmed near month-high levels on Friday and were set for a second weekly rise after data showed that U.S. inflation was gradually easing, while traders turned their focus to remarks from a slew of Federal Reserve officials. FUNDAMENTALS * Spot gold was steady at $2,043.98 per ounce, as of 0150 GMT, after hitting
Yen reverses some of yesterday’s gains after cautious comments from BoJ Governor Kazuo Ueda, which highlighted that Japan is “not there yet” to reach the long-sought-after sustainable inflation rate of 2%. Ueda’s perspective starkly contrasted with the more hawkish tones of Board Member Hajime Takata, who has advocated for beginning discussions on exiting the ultra-loose
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 held ground on Thursday as traders awaited the Federal Reserve’s preferred inflation gauge due later in the day that could provide a fresh perspective into when the U.S. central bank could start cutting interest rates. FUNDAMENTALS * Spot gold was steady at $2,035.78 per ounce, as of 0210 GMT. U.S. gold futures edged
US stock futures bounce while treasury yields weaken following release of January’s PCE inflation data, which showed slowdown in both headline and core inflation rates as anticipated. This development provided some relief to investors, who were concerned that disinflation progress might have come to a halt. Fed should remain more likely start interest rate cuts
On the yen move, these are the earlier posts: Besides that, there hasn’t been much activity among major currencies so far on the session. In fact, other dollar pairs are only seeing 0.1% change currently. And that speaks to the lack of appetite today and for the most part, this week. Looking to the remainder
Gold prices were steady on Thursday ahead of the inflation numbers that are due for release later today. The yellow metal has traded in a tight range this week and it was trading with a minor uptick in the early trade amid a slip in the dollar index (DXY). The DXY has fallen by nearly
Japanese Yen rallied broadly in Asian session, energized by hawkish remarks of a BoJ official. These remarks served as a potent reminder to the markets of two critical points: Firstly, BoJ is poised to hike interest rates, buoyed by positive developments in wage negotiations; secondly, while April is viewed as the more likely timing for
The price of Bitcoin moved up to test the $60,000 level into the US session and found initial sellers against the level. However, after breaking above, a bid pushed the digital currency to a high of $64,000. The sellers quickly entered and the price spent the next 15 minutes retracing down to a low of
Oil prices slipped in early Asian trade on Wednesday as the prospect of a delayed U.S. rate cutting cycle offset the boost provided by talk of extensions to production cuts from OPEC+. Brent crude futures fell 38 cents, or 0.45%, to $83.27 a barrel by 0110 GMT, while U.S. West Texas Intermediate crude futures (WTI)
Dollar, Yen, and Swiss Franc emerge as the predominant winners as markets enter into US session, amidst a backdrop of mild risk-off sentiment. Nevertheless, momentum of these safe-haven currencies remains relatively tempered, holding off major range breakouts across the most traded currency pairs. Traders, particularly those focusing on Dollar, seem poised on the sidelines, awaiting
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 edged higher on Wednesday, as U.S. bond yields fell, while investor focus was on a key U.S. inflation print and remarks from several Federal Reserve officials this week for fresh clues on the central bank’s interest rate trajectory. FUNDAMENTALS * Spot gold edged 0.1% higher at $2,031.99 per ounce(Oz), as of 0135 GMT.
New Zealand Dollar fell significantly in today’s Asian session, establishing itself as the day’s most underperforming currency at this point. The decline was sparked by RBNZ’s decision to maintain interest rate at 5.50%, a move that dashed the hopes of a small segment of the market that had anticipated a rate hike. Momentum of the
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