Markets: Gold up $12 to $2035 US 10-year yields down 6.7 bps to 4.51% S&P 500 up 2 points to 5088 WTI crude oil down $2.06 to $76.55 AUD leads, CAD lags Friday’s US economic calendar was completely bare and if you look at the closing levels in FX, there is hardly any movement to
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Crude oil prices gained about 10 percent in the first two months of 2024. The ongoing geopolitical tensions in the Middle East and reports of falling inventories assisted prices to edge higher. Worries over supply disruptions in the Middle East added concerns to the global crude oil market. The growing conflict between Israel and Hamas
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 on Friday were set for their first weekly gain in two, supported by a softer dollar and safe-haven buying, as investors awaited further clues on when the U.S. Federal Reserve is likely to begin cutting its interest rates. FUNDAMENTALS * Spot gold was up 0.1% at $2,026.5 per ounce, as of 0100 GMT,
As US session gets underway, Yen and Dollar remain the weakest links in the currency markets, reflecting a broader trend of risk appetite among investors. All eyes are now on whether the US stock market can extend its record-setting run. In particular, there is anticipation that NASDAQ could catch up and achieve a new historical
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 rose marginally on Friday as a broadly weaker US dollar and growing tensions in the Middle East lifted bullion‘s appeal. The April gold futures were trading at Rs 62,062 per 10 grams on the MCX at 10:33 am and were up by Rs 85 or 0.14% from Thursday’s closing price. Meanwhile, the March
The global financial markets is riding a wave of strong risk-on sentiment, propelling DOW and S&P 500 to historical highs overnight, while NASDAQ achieved its best daily gain in over a year. That followed the record closes in DAX, CAC and Nikkei yesterday. This enthusiasm for risk has led to the yen, dollar, and Swiss
Bitcoin has suddenly gone quiet. It’s up 1% after falling 1% yesterday but zoom out and it’s been flat since February 15. Bitcoin daily Now what stands out on that chart isn’t a week of flat trading but the big run-up since February 6. A period of consolidation is normal following a big move but
Gold prices edged up on Thursday supported by safe-haven demand amid rising geopolitical tensions in the Middle East and a softer dollar, while minutes of the latest U.S. Federal Reserve meeting dampened hopes for an early interest rate cut. FUNDAMENTALS * Spot gold was up 0.1% at $2,026.9 per ounce, as of 0100 GMT. U.S.
Global financial markets are currently basking in a robust wave of risk-on sentiment, evidenced by Japan’s Nikkei and Europe’s Stoxx 600 indices reaching new record highs. The optimism is further bolstered by promising US futures, with the technology sector leading the charge, significantly propelled by Nvidia’s impressive results. This surge in tech enthusiasm is largely
Prior 45.5 Services PMI 48.2 vs 48.0 expected Prior 47.7 Composite PMI 46.1 vs 47.5 expected Prior 47.0 Oh, dear. This runs back the optimism from the French PMI data earlier. But at least the services sector continues to show signs of an improvement, so there is some hope. Still, Europe’s largest economy continues to
Gold prices rose marginally on Thursday, buoyed by a weaker dollar and escalating tensions in the Middle East, while investors await more U.S. economic data that could shed light on the Federal Reserve‘s interest rate outlook. The April gold futures were trading at Rs 62,150 per 10 grams on the MCX at 10:13 am and
Japanese Yen had a broad-based declined in Asian session today, while Nikkei extended its recent up trend, momentarily reaching a new record high, ending the 34-year wait. This milestone is of considerable psychological significance for Japan, symbolizing the end of over three decades of economic stagnation ensued after the burst of the country’s stock and
GPU-maker and generative artificial intelligence superstar Nvidia reports earnings after the close and — needless to say — there is plenty of speculation about what will happen to the stock. Through last week, shares of NVDA represented 30% of the total gain of the S&P 500 year-to-date. Shares have gone supernova in the past year
Gold prices held steady on Wednesday, helped by a slightly weaker dollar as investors looked forward to minutes of the last U.S. Federal Reserve policy meeting due later in the day for more clarity on its interest rate path. FUNDAMENTALS * Spot gold was flat at $2,024.00 per ounce, as of 0100 GMT. U.S. gold
Trading activity is relatively subdued today, with most major currency pairs and crosses hovering within the previous day’s range. Australian and New Zealand Dollars are showing some resilience, maintaining their position as the firmer currencies, albeit without significant momentum. Swiss Franc has also edged higher in the daily performance chart, benefiting a recovery against both
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