Gold opened on a cautious note on Thursday though the bias was negative. Street awaits key inflation data in the US to take a call on their bets. Meanwhile, the dollar index traded with a slightly positive bias having slipped below the 103 mark, its lowest in three months. Taking cues from the international prices,
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Dollar and Euro are emerging as notable underperformers for the week, largely influenced by increasing market anticipation of interest rate cuts by Fed and ECB in the coming year, a sentiment that is also impacting treasury yields. In US, 10-year treasury yield, a key benchmark for market expectations, has dropped below 4.3% for the first
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 edged higher in volatile trading on Wednesday as investors focused their attention on an upcoming OPEC+ output policy meeting and looked past a jump in U.S. crude, gasoline and distillate stockpiles. Brent crude futures were up 43 cents, or 0.5%, to $82.11 a barrel by 11:32 a.m. ET [1632 GMT]. U.S. West Texas
Dollar is stabilizing after earlier selloff but remains the weakest performer for the week. Its modest recovery can be partly attributed to a bounce back against Euro, which is currently under pressure due to Germany’s lower-than-expected CPI readings. Meanwhile, Australian Dollar is experiencing a delayed reaction to Australia’s lower-than-expected monthly CPI readings too. As a
You would think that with the plunge in bond yields this week, equities would’ve been on a tear and entering a strong rally mode. Instead, it has been anything but in the last two days. And only now in European trading are we seeing some tentative signs of stronger gains with regional indices up around
Gold price rallied Rs 750 to Rs 63,500 per 10 grams in the national capital on Wednesday amid strong global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 62,750 per 10 grams. Silver also zoomed Rs 800 to Rs 79,000 per kilogram. “Gold prices surged on Wednesday,
Dollar’s decline finally takes off again overnight, following dovish comments from some Fed officials. In particular, Fed Governor Christopher Waller, typically known for his hawkish views, softened his stance and expressed a level of satisfaction with the current interest rate policy. Chicago Fed President Austan Goolsbee’s even raised concerns about the risks of maintaining overly
Australian monthly CPI for October 2023 % y/y expected 5.2%, prior 5.6% trimmed mean inflation was 5.3% y/y in October, down slightly from the rise of 5.4% in September more to come I mentioned earlier that I’d seen some speculation that the RBA will raise its cash rate at the next meeting, December 5, if
Gold price climbed Rs 100 to Rs 62,750 per 10 grams in the national capital on Tuesday in line with gains in the precious metal’s price in global markets, according to HDFC Securities. In the previous trade, the precious metal had ended at Rs 62,650 per 10 grams. Silver price remained unchanged at Rs 78,200
The forex markets today are characterized by a lack of decisive direction. Dollar remains generally weak, yet there seems to be a reluctance among sellers to push it further down. Market focus is now shifting to comments from several Fed officials scheduled for today and the rest of the week, as Fed’s blackout period approaches
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 on Tuesday with the Brent benchmark rising above $80 a barrel, supported by expectations that the OPEC+ producer group may deepen and extend output cuts due to concern over softer global demand. OPEC+, which combines the Organization of the Petroleum Exporting Countries (OPEC)) and allies including Russia, will hold an online ministerial
Yen has a notable bounce in Asian session today, fueled by a Nikkei report suggesting that BoJ is finally near to the end its negative interest rate policy. This policy shift, which could see interest rates rise as early as the first half of next year, hinges on the outcomes of spring labor-management negotiations 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 edged higher on Thursday, hovering close to a key $2,000 per ounce level, as an overall weaker dollar and lower U.S. Treasury yields buoyed demand for bullion. FUNDAMENTALS * Spot gold was up 0.1% at $1,992.59 per ounce, as of 0143 GMT, after hitting a three-week high of $2,007.29 on Tuesday. * U.S.
As US session commences, Dollar is showing a more notable downturn following a rather uneventful day. In the background risk sentiment is steady, with investors and traders largely holding their positions in anticipation of key economic data releases. The upcoming PCE inflation data on Thursday and ISM manufacturing data on Friday are particularly crucial. These
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