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KRE bank index It was around this time last year that US banking worries began to percolate. That ultimately catalyzed into something of a crisis in March as several banks were wiped out including Silicon Valley Bank, First Republic Bank, Silvergate Bank and Signature Bank. Others teetered as well and remain badly damaged. The problem

Gold prices fell on Thursday after the US Federal Reserve dashed Street’s hope of any rate cut in March, reiterating its priority of a 2% inflation target. The move strengthened the dollar index (DXY) taking sheen off the yellow metal. Taking cues from the price movement in the international markets, April MCX gold futures were

Sterling is currently trading with indecisiveness following BoE’s rate decision, which has provoked mixed reactions in the markets. The decision, notable for its combination of hawkish and dovish signals, resulted in a rare three-way voting split—the first occurrence since 2008—with two members favoring a rate hike, one a cut, and the rest opting for no

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

Global oil prices climbed in early trade on Thursday, supported by signals from the U.S. Federal Reserve on a possible start to rate cuts and as China unveiled new support measures for its embattled property market. Brent crude futures rose 46 cents, or 0.6%, to $81.03 a barrel and U.S. West Texas Intermediate crude futures

Australian Dollar encountered significant headwinds in today’s Asian session, weighed down by the latest Australian Q4 CPI data. The lower than expected inflation confirmed that RBA would hold interest rate unchanged in the forthcoming meeting next week. The central bank could also be finally ready to indicate completion of the tightening cycle. Market speculation is

The bond market is really going for it. US 2-year yields are down 17 basis points to 4.20% and 10s are down 11 bps to 3.94%. The market is back to pricing in 147 bps of rate cuts this year from 130 bps earlier this week. That’s spilled over into a sharp drop in USD/JPY

Gold continued to trade in a tight range on Wednesday ahead of the Federal Open Market Committee (FOMC) meeting outcome scheduled later today. The bias was negative amid gains in the dollar index (DXY). Taking cues from the price movement in the international markets, April MCX gold futures were trading at Rs 62,425 per 10

Dollar weakens slightly in early US session, as dragged down by disappointing ADP private sector job data. Despite this, the downturn is contained, as market participants remain cautious ahead of FOMC rate decision later in the day. While no changes in interest rates are anticipated, considerable attention is centered on Fed Chair Jerome Powell’s commentary.

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 were on track for their first monthly decline in four as investors toned down their estimate of rapid and deeper rate cuts in the U.S. on the face of a resilient economy, and awaited remarks from the Federal Reserve due later in the day. FUNDAMENTALS * Spot gold was flat at $2,035.09 per

Dollar declined broadly overnight, US Treasury’s borrowing plan for Q1 that spurred rally in the stock market, propelling it to new record highs while simultaneously exerting downward pressure on yields. Despite this shift, the greenback remains largely within its recent trading range. Market participants seem to be holding the substantial bets for now, awaiting 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

Oil prices rose in early trade on Tuesday as escalating geopolitical tensions in the Middle East continued to fuel supply concerns. Brent crude futures rose 25 cents, or 0.3%, to $82.65 a barrel by 0105 GMT. U.S. West Texas Intermediate crude was up 31 cents, or 0.4%, at $77.09 a barrel. Both the contracts fell

Euro recovers broadly today, as lifted by GDP data that indicated the Eurozone economy has narrowly averted a technical recession. This positive development has also led to a notable rebound in Germany’s benchmark treasury yields. Meanwhile selling pressure has shifted Sterling and Swiss Franc, both of which are ceding some of their recent gains against

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 flitted in a tight range on Tuesday ahead of the U.S. central bank’s verdict on rates and comments from Chair Jerome Powell for clarity on the timing of easing monetary policy, though a weak dollar and lower bond yields lent support. FUNDAMENTALS * Spot gold held its ground at $2,030.90 per ounce by

Tentative risk-on sentiment is perceptible in Asian session, as Japan’s Nikkei rallied with energy shares lifted by rally in oil prices. Concurrently, stock markets Hong Kong are continuing their near-term rebound, reflecting cautious optimism in the region. Nevertheless, this momentum has not translated into significant activity in the forex markets, which are showing a slow