European indices are keeping gains near 1% while S&P 500 futures are up 16 points, or 0.4%, and that is helping with the overall mood in markets so far. In turn, the dollar is the laggard but the losses aren’t really too overwhelming. EUR/USD is up 0.2% to 1.0860 levels but is in the hunt
News
Oil steadied in early Asian trade on Thursday as a surprise draw in U.S. crude oil stockpiles that supported prices was offset by a smaller-than-expected cut to Russian supplies and stronger dollar. Brent crude futures were unchanged at $78.28 a barrel at 0020 GMT. West Texas Intermediate U.S. crude fell 6 cents, or 0.1%, to
Euro is trading mildly higher today following indications from a key ECB official that more interest rate hikes are in the pipeline for the central bank. Concurrently, the improving market sentiment across Europe is lending support to both Sterling and the Swiss Franc. However, Canadian Dollar emerges as the strongest for the day, fueled 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 by Rs 110 to Rs 58,740 per 10 grams in the national capital on Wednesday amid weak global trends, according to HDFC Securities. The yellow metal had closed at Rs 58,850 per 10 grams in the previous trade. Silver, however, jumped by Rs 350 to Rs 70,100 per kg. “Spot gold prices
Dollar, Japanese Yen, and Swiss Franc are under selling pressure this week amid improving risk sentiment. Yen is particularly weighed down by the extended rebound in treasury yields, while Swiss Franc is pressured by sell-offs against Euro and Sterling. Currently, the Canadian Dollar leads the pack for the week, aided by recovering oil prices. Australian
2-year Treasury yields down 4.1 bps to 4.021% 10-year Treasury yields down 2.5 bps to 3.543% 2-year German bond yields down 0.2 bps to 2.580% 10-year German bond yields down 1.2 bps to 2.276% For some context, 2-year yields in the US were as high as 4.12% earlier while 2-year yields in Germany were as
Gold prices slipped on Wednesday after a positive beginning as the dollar index firmed up. Moreover, buying interest in gold dimmed as the banking crisis appears to be stabilising. Gold is expected to remain range bound in the near term, according to analysts. MCX April gold futures were trading at Rs 59,487 per 10 grams
As European treasury yields rebound, the Euro and Sterling gains against Dollar and Swiss Franc today. However, their upside remains limited by near term resistance. Also, momentum against commodity currencies appears less pronounced. The greenback is trading lower amid generally stabilizing risk sentiment, but market fluctuations remain limited, with European indexes and US futures fluctuating
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 and silver futures were trading at day’s high in the second half of Tuesday’s session triggered by slippages in the greenback. The Dollar Index was down 0.29% at 102 against the basket of six major currencies. Movement in gold price is inversely related to the dollar trajectory. The MCX April Gold futures were trading
Forex markets are currently navigating a landscape of uncertainty, as mixed currency performance contributes to a lack of clear direction. Dollar has experienced a decline in Asian session, but still hovers within familiar boundaries against other major currencies. Meanwhile, Euro has managed to strengthen against the greenback but appears less robust in other pairs. Yen,
The peak of the optimism today came right at the European open and since then, we are seeing a bit of a hiccup as stocks are unable to carry forward the slightly better mood from Asia. S&P 500 futures are down 4 points, or 0.1%, currently: Meanwhile, the bank index in Europe has also turned
Gold prices edged up on Tuesday as the U.S. dollar eased, although an improvement in risk appetite after efforts by regulators to contain worries over the global banking system limited the safe-haven metal’s appeal . FUNDAMENTALS * Spot gold was up 0.1% at $1,958.85 per ounce, as of 0048 GMT. U.S. gold futures rose 0.3%
The financial markets are sending mixed messages today, with risk sentiment seemingly improving as European indexes and US futures trade higher. US and German 10-year yields are also recovering. However, the currency markets paint a different picture, with Swiss Franc leading as the best performer, followed by Canadian Dollar and Sterling. In contrast, Yen is
A quiet Monday on the data front, looked for clues from the banking sector. The turmoil of last week was replaced with a relative calm. First Citizens Bancshare purchased some of Silicone Valley Bank’s mortgage assets. That helped to push up the shares of First Republic and other regional banks. FRC shares rose $1.46 or
Oil prices rose on Monday after a halt to oil exports from Iraqi Kurdistan via Turkey and moves to contain a potential banking crisis that could have hit demand for crude. Brent crude futures were up $1.18, or 1.6%, at $76.17 a barrel by 1426 GMT. West Texas Intermediate U.S. crude rose $1.28, or 1.9%,
The forex markets have been relatively quiet during today’s Asian session, with currency pairs staying within Friday’s range. Major stock indexes are also demonstrating mixed performance in a tight range. Inflation data from the Eurozone and the US will be closely monitored this week. Although these figures are crucial in determining the future rate path,