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
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Gold prices fell to their lowest level in more than five weeks on Monday, as the dollar and bond yields strengthened ahead of the U.S. Federal Reserve’s July meeting minutes this week that could guide expectations for future interest rates. FUNDAMENTALS * Spot gold was down 0.2% at $1,910.29 per ounce, as of 0119 GMT,
Australian and New Zealand Dollars faced broad-based pressures in today’s Asian session, as markets are gripped by risk-off mood. Hong Kong HSI is witnessing the most significant downturn, in the wake of the beleaguered Chinese property developer, Country Garden, halting trading on at least ten of its mainland bonds. This move has ignited broader decline
US stocks are trading marginally lower in early US trading after giving up premarket gains. The NASDAQ is leading the way A snapshot of the market currently shows: Dow industrial average -13.57 points or -0.04% at 35267.84 S&P index -3.84 points or -0.09% at 4460.20 NASDAQ index -18.52 points or -0.14% at 13626.33 Yields are
Gold traded in choppy waters ahead of the release of the US Federal Reserve’s July FOMC meeting minutes. Both Gold and Silver futures fell in the early trade on Monday. The yellow metal was trading at its five-week lows as Dollar Index (DXY) and US bond yields shot up. The DXY was trading with a
Dollar surges broadly today, breaking through near term support against Euro, 145 handle against Yen, as well as near high of the year against Chinese Yuan. Worries over China’s property, as well as finance sector are weighing heavily down on sentiment. But Swiss Franc and Yen are not benefiting much from risk aversion as in
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 on Friday after the International Energy Agency forecast record global demand and tightening supplies, propelling prices to the seventh straight week of gains, the longest such streak since 2022. Brent crude futures rose 41 cents, or 0.5%, to settle $86.81 a barrel, while U.S. West Texas Intermediate (WTI) crude futures gained
UPCOMING EVENTS: Tuesday: PBoC MLF, Australia Wage Price Index, China Industrial Production, UK Jobs Report, German ZEW, US Retail Sales, Canada CPI, NAHB Housing Market Index. Wednesday: RBNZ Policy Decision, UK CPI, FOMC Meeting Minutes. Thursday: Australia Jobs Report, US Jobless Claims. Friday: Japan CPI, UK Retail Sales. Tuesday The PBoC is expected to keep
COMEX Gold prices declined for the second consecutive week as both the dollar index and US benchmark treasury yields rose. Concerns about the US banking sector’s health and weak Chinese economic data led to a haven shift towards the dollar. Moody’s Investors Service downgraded several American lenders, signalling potential concerns for a handful of larger
A US judge appears to be on the brink of revoking Sam Bankman-Fried’s bail. He’s charged with one of the largest fraud’s in history as he embezzled billions running the exchange FTX. The judge said he there was probable cause to believe that the FTX founder attempted to tamper with witnesses at least twice, according
Gold prices hovered near a one-month low on Friday and were heading for their third consecutive weekly dip, as the dollar and bond yields strengthened after data showed U.S. producer prices increased in July. After dropping to its lowest level since July 7 earlier in the session, spot gold was little changed at $1,913.35 per
MON: N/A TUE: PBoC MLF, RBA Minutes, Japanese Prelim. GDP (Q2), Australian Wage Price Index (Q2), Chinese Industrial Output and Retail Sales (Jul), Japanese Industrial Output (Jul), UK Jobs Report (Jun/Jul), German ZEW Survey (Aug), US Retail Sales (Jul), Canadian CPI (Jul) WED: RBNZ Announcement, FOMC Minutes, UK Inflation (Jul), EZ GDP and Employment 2nd
Spot gold closed with a weekly loss of around 1.40% at $1913.88 on buoyant yields and a firmer dollar as traders became concerned about the possibility of a return of inflation in the US amid a still resilient economy. Gold’s weekly high in the week ending August 11 was $1946.81, while the weekly low was
Dollar emerged notably resilient in a week of highly anticipated inflation data, clinching the top spot among currency performers. With the next FOMC meeting still more than a month away, the greenback’s trajectory now rests heavily on the prevailing market risk sentiment. Critical to this equation is the capability of major stock indexes to bounce
Markets: Gold flat at $1912 US 10-year yields up 8.8 bps to 4.17% WTI crude oil up 35-cents to $83.17 S&P 500 flat GBP leads, NZD lags The final changes on the day and the headlines don’t capture what was a lively August Friday. The PPI numbers hit and were slightly stronger than expected. Normally
Gold prices hovered near one-month lows on Friday as markets assessed the cooler-than-expected U.S. inflation data, with bullion still set to wrap up its worst week in seven as the U.S. dollar and bond yields stood strong. FUNDAMENTALS * Spot gold edged 0.2% higher to $1,914.87 per ounce by 0136 GMT, but still traded near
Dollar is making slight gains in early US session, buoyed by slightly better-than-expected PPI data release. Adding to its strength are mild risk aversion sentiments and continued rebound in Treasury yields. If this buying momentum sustains, the greenback could well close out the week as the top performer. The remaining question is whether its momentum