CAD is higher against the USD with the oil price. Apart from that the US dollar is up. EUR/USD is on approach to 1.0800 while AUD, NZD, GBP are all lower also. USD/JPY is higher on the day so far after a move to circa 133.50 earlier, the yen weakened on the oil news :
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Gold has been the best performing asset class in FY23 and a robust outlook on bullion remains intact for FY24, as well. As fears of global slowdown and high inflation loom, the yellow metal is expected to give returns of 10-15% in the base case scenario and 15-20% in the bull case scenario. “On 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
Banking industry concerns continue to recede, though the risk of banks’ deposit outflows to money market funds may affect the lending process of the banks, which means that eventually, there is a distinct possibility of economic slowdown in the coming months. In absence of any major negative headlines concerning the banking sector, risk appetite has
A bank run can seemingly come out of nowhere but by the same token, it can evaporate just as quickly. Yesterday the shorts took at run at Metropolitan Bank with some success but shares have rebounded 23% today and the KRE regional bank ETF is up 0.2%. Undoubtedly, banks are wounded after the latest rout
Gold prices eased on Friday as the dollar edged up ahead of key U.S. inflation data that could influence the Federal Reserve’s monetary policy path. FUNDAMENTALS * Spot gold was down 0.1% at $1,978.39 per ounce, as of 0043 GMT, after rising 1% on Thursday. U.S. gold futures fell 0.1% to $1,996.50. * The dollar
Last week, investors appeared to view the banking crisis as well-contained, pushing it into the rearview mirror. Confidence saw a revival, resulting in significant gains for major global stock indexes. In tandem with the lower-than-anticipated inflation figures from the US, market sentiment underwent a notable shift, paving the way for a fresh start in Q4,
COMEX gold prices started the week on a negative note, following reports that US authorities are considering expanding an emergency lending facility for banks, easing some concerns surrounding the financial sector. Risk sentiments improved and haven demand fell. US Treasury Secretary Janet Yellen told lawmakers that regulators would be prepared for further steps to protect
The major US stock indices are closing the day near the highs for the day. The gains were led by the NASDAQ index which rose over 1.7%. A snapshot of the closing levels shows: Dow Industrial Average 415.12.41.26 percent at 33274.14 S&P index of 58.50 points or 1.44% at 4109.32 NASDAQ index up 208.43 points
The inflation data from Eurozone and the US has left traders somewhat disappointed, as it triggered minimal volatility in the markets. Eurozone headline inflation slowed more than anticipated, while core inflation aligned with consensus. In the US, both headline and core PCE inflation fell short of expectations. Canadian Dollar also remained stagnant despite better-than-expected monthly
Markets: Gold down $10 to $1970 WTI crude oil up $1.14 to $75.51 US 10-year yields down 1 bps to 3.48% S&P 500 up 58 points to 4110 CAD leads, EUR lags When I think about this market, we came into January and everyone was worried about recession. By January, it was fears of inflation
Oil prices climbed in early Asian trade on Friday as sentiment was boosted by an expansion in factory activity in China, the world’s second largest crude consumer, and as concerns grew about Middle Eastern supply. Brent futures, which have risen nearly 6% this week, were up 15 cents, or 0.19%, at $79.42 a barrel at
As March comes to an end, strong services data from China has invigorated the markets, providing additional support to Australian and New Zealand Dollar. Sterling is further bolstered by the news that the UK has secured a deal to join the 11-country Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), while Yen continues its selloff
The slight dip earlier came from the Eurozone inflation data here but we are seeing yields turn around, similar to yesterday, to climb higher again. 2-year yields in the US are now up over 7 bps to 4.17% while 2-year yields in Germany have also pared the drop to be up 5 bps at 2.79%
Gold prices rallied on Friday led by weakness in the greenback and lower bond yields as investors fixed their eyes on the US March inflation numbers. The dollar index dipped 0.5%, making gold more attractive for overseas buyers, while benchmark 10-year treasury yields. On MCX, April gold futures were trading at Rs 59,930 per 10
Euro is on the rise today, pulling Sterling and Swiss Franc along with it. Slightly higher-than-expected German inflation data is sparking speculation of a potential upside surprise in Eurozone CPI tomorrow. This development, coupled with recent hawkish rhetoric from ECB officials, suggests further tightening are on the horizon, provided banking troubles don’t resurface. Dollar and
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 inched lower on Thursday as the U.S. dollar firmed, while easing concerns about the global banking system slowed safe-haven flows into bullion. FUNDAMENTALSSpot gold was down 0.2% at $1,960.68 per ounce, as of 0103 GMT. U.S. gold futures fell 0.3% to $1,962.10. The dollar index was 0.1% higher, making bullion less affordable for