The currency markets are currently in a state of anticipation, with Dollar trading within familiar range as investors await FOMC rate decision. The critical question facing the markets is whether Fed will signal the pace of rate cuts in its updated dot plot. In September, the median projection indicated the federal funds rate would remain
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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
BEIJING – Oil prices consolidated losses on Wednesday in Asian trade, after falling by more than 3% to six-month lows in the previous session on oversupply and demand concerns. Brent crude futures for February inched down 1 cent to $73.23 a barrel by 0207 GMT. U.S. West Texas Intermediate crude futures for January dropped 2
Dollar softens slightly in today’s Asian session, as the global markets await forthcoming US consumer inflation data. Headline CPI is anticipated to show a modest deceleration to 3.2% in November, while core CPI is expected to remain stubbornly high at 4%. Fed’s mandate to bringing inflation down to its 2% target necessitates a persistent slowdown
Oil has fallen for seven straight weeks and is in danger of falling again this week after a $2 decline today. WTI is trading down $2.07, or -3.0%, to $69.25. The drop nearly erases three days of modest gains and comes ahead of weekly private US inventory data later today and official data on Wednesday.
Gold declined Rs 150 to Rs 61,900 per 10 grams in the national capital on Tuesday amid a fall in precious metal prices internationally, according to HDFC Securities. The yellow metal had settled at Rs 62,050 per 10 grams in the previous trade. Silver also slipped Rs 150 to Rs 75,750 per kilogram, while it
In the aftermath of US CPI release, the forex markets are staying in a state of consolidation, with mixed reactions. Initially, there was an attempt to sell Dollar following the data, but this momentum quickly dissipated as the data largely aligned with market expectations. Headline CPI showed a gradual decline, albeit at a slow pace,
US inflation data for November is due at 0830 US Eastern time on Tuesday, 12 December. The consensus estimates: The range of estimates for important data is good to be aware of. While it seems unlikely that this data for US CPI will be likely to sway the Federal Open Market Committee (FOMC) meeting this
Gold prices edged higher on Tuesday after hitting a three-week low in the last session, as the dollar eased, while investors awaited key U.S. inflation data and major central bank policy meetings for interest rate clues. FUNDAMENTALS * Spot gold was up 0.2% at $1,985.49 per ounce as of 0113 GMT, after hitting its lowest
Chinese Yuan’s significant selloff in Asian session today had a ripple effect across several major currencies, dragging down Japanese Yen, Australian Dollar, and New Zealand Dollar. This movement was largely spurred by concerning data from China indicating deepening deflation, which also negatively impacted Hong Kong’s stock market. Yuan’s future trajectory now hinges critically on a
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 traded rangebound on Monday ahead of the US Federal Reserve’s Federal Open Market Committee (FOMC) meeting outcome on Wednesday. Taking cues from the price of yellow metal in the international market, MCX February gold futures were trading at Rs 61,727 at the opening time, up by Rs 8 or 0.01% from Friday’s closing price.
Yen’s near-term pullback has notably accelerated today. Some reports surfaced suggesting that the BoJ is not poised to abandon its negative rate policy anytime soon, with the earliest potential shift expected no sooner than April meeting. This stance isn’t fundamentally new, as BoJ has consistently indicated that it requires time to assess Spring’s wage negotiations
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 steadied on Monday after a sharp decline in the previous session, as investors looked forward to several major central bank meetings and U.S. inflation data release this week for further direction. FUNDAMENTALS * Spot gold was up 0.1% at $2,005.85 per ounce as of 0038 GMT, after dropping about 3.3% last week in its
Released over the weekend, China’s economic data revealed a concerning trend as CPI plunged further into negative territory in November, marking the country’s deepest deflationary period in three years. CPI fell to -0.5% yoy, a notable decline from -0.2% yoy in the previous month and falling short of the expected -0.2% yoy. This deflationary reading
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
In a transformative shift in investment patterns, digital gold is rapidly gaining prominence in India, marking a departure from traditional approaches to gold ownership. At a nascent stage, digital gold currently constitutes 3% of the country’s total annual consumption, but its trajectory suggests a promising future. This surge is particularly pronounced among millennials who are