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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COMEX Gold prices started the week on a positive note, amid concerns of an nearing “X date” for the US debt ceiling coupled with renewed fears on the banking sector. The estimates for the US hitting the debt ceiling have been pushed to July, amid lower tax collections this season. US 5-year CDS rose to
MUFG Research maintains a long EUR/USD and a short USD/JPY exposure in its ToTW portfolio. The short USD/JPY trade suffered today longs after the Bank of Japan left policy unchanged. MUFG is long EUR/USD from 1.0950, targeting a move towards 1.1350, with a stop at 1.0750. It last traded at 1.1016. MUFG is also short
Oil prices were little changed on Friday but are set for their second weekly drop as disappointing economic data from the U.S., the world’s biggest crude user, and uncertainty on further interest rate hikes raised concerns about future fuel demand. Brent crude futures for June were trading at $78.53 a barrel, up 16 cents, or
Markets: Gold up $1 to $1989 WTI crude oil up $1.95 to $76.71 US 10-year yields down 9 bps to 3.43% S&P 500 up 0.9% GBP leads, JPY lags The big story of the day was the Bank of Japan leaving policy unchanged and the yen taking a beating. It tumbled right across the board
The markets experienced surprisingly high volatility in the last week of April, with central bank expectations as the primary driver. Japanese Yen emerged as the worst performer following BoJ’s dovish stance, leading bond traders to abandon hopes for any changes to yield curve control. Australian Dollar was the second-worst performer, as economists now lean towards
Gold prices were little changed on Friday, but were headed for a small weekly gain due to a weaker dollar and lingering economic concerns, while investors looked ahead to the Federal Reserve’s policy move next week. FUNDAMENTALS * Spot gold was little changed at $1,986.71 per ounce by 0042 GMT, but was headed for a
It appears as though the clock ran out on First Republic Bank. Reuters, citing sources, reports that the US Federal Deposit Insurance Corporation is preparing to place the struggling bank under receivership “imminently”. It’s no surprise as reports on Friday suggested that time was running out and that no private sector-led rescue was coming. Various
New Delhi, Apr 28 (PTI) Gold price declined Rs 420 to Rs 59,980 per 10 grams in the national capital on Friday amid weak global cues, according to HDFC Securities. The precious metal had settled at Rs 60,400 per 10 grams in the previous trade. Silver also tumbled Rs 570 to Rs 74,600 per kg.
Here’s how the week played out. It started with worries about First Republic Bank and that ultimately led to a death spiral of the company as it reported much larger deposit outflows than anticipated. Shares hit $16 on Monday and are finishing the week around $3.50 with an FDIC takeover looming. So what changed even
Dollar is facing renewed pressure against European majors in early US trading sessions due to faster-than-expected declines in headline inflation. However, it continues to hold strong against Japanese Yen, which remains the worst performer for both the day and the week. Yen is continuing the post-BoJ selloff, with no signs of stopping as of yet.
Gold declined on Friday as the dollar and bond yields rose after data showed that the personal consumption expenditure price rose more than estimated, while markets turned their focus to the Federal Reserve’s meeting due next month. The June gold futures were trading at Rs 59,740 per 10 gm on the MCX at 1.14 pm
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
Yen declined broadly in Asian session as traders discovered that BoJ still has the potential to surprise the market with dovish moves. The selloff was triggered by the central bank’s plan to review monetary policy in 12 to 18 months, a major disappointment for those who expected imminent changes as early as at today’s meeting.
gold is often considered a haven is because we all have seen stock prices crashing, but the same can’t be true for gold. There is no counterparty or credit risk. If we talk in today’s context, unlike a bank, gold cannot go bankrupt! This also reminds me of a dialogue from a popular web series
Amazon will release its first-quarter earnings after the market closes. Wall Street expects the following: Earnings: 21 cents per share Revenue: $124.5 billion Amazon Web Services: $21.22 billion Advertising: $9.08 billion CEO Andy Jassy has been aggressively cutting costs across the company, announcing layoffs of another 9,000 employees on top of the prior 18,000 job
Dollar shrugs off worse than expected Q1 GDP data and recovers against European majors in early US session. But momentum is so far weak except versus Swiss Franc, which happens to be the worst performer for the day. Australian Dollar and other commodity currencies turned into consolidation, digesting this week’s losses. Meanwhile, Euro and Sterling
New Delhi: Oil prices tumbled to $78 per barrel on Thursday, slipping below the near $80 level at the beginning of the month when OPEC+, the producer club, announced production cuts, triggering price spike warnings and inflationary worries. The drop in crude rates may not translate into any reduction in domestic pump prices immediately but