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While Dollar extends recent gains following stronger than expected PPI data in early US session, it’s upward momentum was somewhat capped by the retreat in treasury yields as their correlation continues. Nevertheless, the greenback is still staying as the strongest one for the day and the week. It remains to be seen if there is

Headlines: Markets: USD leads, CHF lags on the day European equities higher; S&P 500 futures up 0.1% US 10-year yields down 0.6 bps to 4.445% Gold down 0.7% to $2,555.08 WTI crude up 0.4% to $68.71 Bitcoin up 3.1% to $91,434 The dollar is ramping higher in European trading today as the post-election momentum continues

The victory of Donald Trump in the US presidential elections has not been well-received by the bullion as the prices of gold, on MCX, have fallen by Rs 4,750/10 grams or 6% since November 4, the day of the election verdict. Historically, a rising Dollar has pressured gold prices, a trend evident post-election as Trump’s

Dollar strengthened broadly overnight, underpinned by the solid rebound in US Treasury yields, while stock markets closed mixed. Stalling disinflation progress, as indicated by the latest CPI data, reinforced the likelihood that Fed will only adopt a gradual approach to lowering interest rates in the future. The aggressive 50bps rate cut back in September is

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

Written by , ETMarkets.com| Nov 13, 2024, 06:27:20 PM IST 1/6 New Lows On Wednesday, the Sensex, the benchmark index, dropped 984 points, closing at 77,691. Amid this downturn, five stocks from the BSE 200 index hit their 52-week lows. The 52-week low represents the lowest price a stock has traded at in the past year,

US stock futures have jumped in a relief rally following release of October US CPI data, which, while showing an uptick in headline inflation and steady core inflation, stayed within expectations. This in-line report eases fears of an inflation surprise that could disrupt Fed’s gradual easing path. Market sentiment has therefore strengthened, with Fed fund

Headlines: Markets: EUR leads, JPY lags on the day European equities mixed; S&P 500 futures down 0.2% US 10-year yields down 2.3 bps to 4.409% Gold up 0.5% to $2,611.43 WTI crude up 0.3% to $68.31 Bitcoin down 0.7% to $87,702 It was a quiet session as the post-election trades are pausing for a bit

Written by , ETMarkets.com| Nov 13, 2024, 06:16:39 PM IST 1/7 Market Summary Indian market remained volatile and fell for more than 1% on Wednesday for the second consecutive day in a row. The BSE Sensex was down nearly 1000 points while the Nifty50 closed below 23,600 levels. ET Spotlight Special 2/7 Sectoral Summary Sectorally, selling

The financial markets are intently focused today on US inflation data. Expectations are that both the headline CPI and core CPI remained unchanged in October from the previous month’s readings of 2.4% and 3.3%, respectively. This stagnation in disinflation supports the notion that bringing inflation back to Fed’s 2% target may prove increasingly challenging in

Japanese wholesale prices, the PPI or CGPI: +0.2% m/m expected 0.0%, prior 0.0% +3.4% y/y expected +3.0%, prior +2.8% The higher results will be a bit of a tailwind for the yen, at the margin. Not too much though, there is the huge monetary policy divergence that is weighing on the hapless yen to contend

Written by , ETMarkets.com| Nov 12, 2024, 06:20:44 PM IST 1/7 Market Roundup Indian market remained volatile on Tuesday and pared most of the morning gains to close in the red. The S&P BSE Sensex fell more than 800 points while the Nifty50 closed below 23900. Getty Images 2/7 Sectoral Watch Sectorally, buying was seen in

Dollar’s rally continues broadly today, though most of its strength remains concentrated against European majors. While the greenback holds firm, it remains capped below last week’s highs against commodity-linked currencies and Yen. A clear move upwards could only unfold if 10-year Treasury yield breaks past the 4.4% threshold, though the true direction may hinge on

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

1/11 Crypto Surge Since Donald Trump’s 2024 U.S. Presidential Election victory, the crypto market has seen substantial growth, with multiple cryptocurrencies experiencing impressive rallies. Moving beyond the top tokens like Bitcoin, a handful of altcoins have soared significantly, capturing the spotlight in the crypto space. Here are ten notable cryptocurrencies and their impressive percentage gains

Dollar strength and European weakness is currently the main theme in the markets this week so far. The greenback shrugs off strong risk-on sentiment, as reflected in another day of record closes in major US indexes, with strong momentum against Euro and Swiss Franc. A lineup of Fed officials today will provide commentary that could

National Australia Bank monthly survey of business, for October 2024 Business Confidence +5, highest in nearly two years Business Conditions +7 — Some of the sub indexes: sales +1 to +13 (a strong reading) profitability steady at +5 employment intentions -2 to +3 growth in input costs slowing to 0.9% q/q, from 1.3% in September

Written by , ETMarkets.com| Nov 11, 2024, 08:31:27 PM IST 1/3 Stock Ideas Indian equity markets closed flat on Monday as the actions of FIIs are dominating the current market momentum, which is backed by a weak set of earnings and expectations from Trump policy.“India is also looking forward to the CPI data with a muted