Dollar continues to trade mildly higher into US session as consolidations extend. Upside momentum in the greenback is very weak so far. But such consolidations could now extend for a further while. Aussie and Loonie are the next firmest. Yen is currently the worst performer, followed by Kiwi and Euro, and Sterling is mixed. Still,
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20% of reserves are in SHIB, reflecting what customers bought As a company, we have 1:1 reserves We do not lend to third parties, do not take counterparty risk There was a run on funds held in Crypto.com over the weekend after the exchange “mishandled” a $400 million Ethereum transaction. The timing of things couldn’t
NEW DELHI: Gold prices were trading flat on Monday, after a strong rise in the previous session, as the dollar and US bond yields edged higher following comments from a top US central banker who warned that the Fed was not softening its fight against inflation. Gold prices posted their biggest weekly gain since March
Dollar recovers mildly in quiet trading in Asia, digesting some of last week’s losses. Yen and Canadian Dollar are following the greenback, while Swiss Franc leads Europeans lower. But overall, major pairs and crosses are bounded inside Friday’s range, suggesting lack of activity. The economic calendar is light today and trading could remain subdued. But
Gold prices inched lower on Friday but were headed for a weekly gain as data pointed at signs of slowing inflation, lifting hopes that the U.S. Federal Reserve would scale back on aggressive rate hikes. FUNDAMENTALS * Spot gold was 0.1% down at $1,751.87 per ounce, as of 0048 GMT. It is up 4.2% for
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
Soybean Indore prices have shown a whopping 8% rally after the removal of stock limits on Oil and Oilseed for wholesale dealers and big retail chains, which was announced on November 01, 2022, and long demanded by the millers, crushers, and associations. This Step has perked up bulk demand for soybean that is not able
The early communiqué from the G20 leaders meeting next week: Russia’s war in Ukraine has adversely impacted the global economy Many G 20 members have called on Russia to immediately end the war in Ukraine Many members strongly condemned Russia’s illegal, unjustifiable, and unprovoked war on of aggression against Ukraine The use or threat of
Spot gold prices in the international market have found support near $1600 an ounce and showing signs of reversal. The US midterm election, mixed US economic releases, and hints of a possible end of Russia-Ukraine war influenced the precious yellow metal. Negative investor sentiment due to a rapid rise in global interest rates, a strong
The set of lower than expected consumer inflation data from the US was music of joy for investors. Stocks surged while treasury yield tumbled, on expectation that Fed is ready to start slowing down tightening pace in December. Risk-on sentiment was broad-based with NASDAQ starting to realign with DOW, despite crypto rout. Dollar suffered steep,
The USD moved lower for the 2nd consecutive day and the 5th day in the last 6 trading days. The dollar index (DXY) is down nearly 4% this week with all the major currencies gaining vs the greenback. The decline is the largest % fall since March 2009. The better-than-expected CPI on Thursday was a
Gold prices were trading flat on Friday, but were set for their biggest weekly gain in more than eight months, as positive US data boosted hopes against the Fed’s aggressive rate hikes. US consumer prices rose less than expected in October, indicating that inflation was slowing, which raised hopes that the Fed will begin scaling
Consumer sentiment 54.7 vs. 59.5 Current conditions 57.8 vs. 64.0 estimate expectations 52.7 vs. 56.0 estimate inflation expectations 1 year 5.1% vs 5.0% last month inflation expectations 5 year 3.0% vs 2.9% last month Not a great report all the way around as inflation expectations tick higher while consumer sentiment falls. The US stocks are
Gold price in the national capital rallied Rs 294 to Rs 52,663 per 10 grams on Friday amid a rise in price of the metal in the international market, according to Securities. In the previous trade, the yellow metal had closed at Rs 52,369 per 10 grams. Silver also surged by Rs 638 to Rs
Dollar is overwhelmingly the worst performer for the week, after yesterday’s post-CPI selloff. Yen is the strongest one, with help from the steep decline in US yields too. European majors follow as next strongest, with Swiss Franc having an upper hand against Euro and Sterling. While US stocks surged and Asia followed, commodity currencies are
A softer US inflation reading yesterday was already a major catalyst for the stunning gains in Wall Street but confirmation that China is indeed easing its zero-Covid policy is very much a boost in its own right too. The idea of the latter has been floating about for over a week now but it looks
Oil prices rose on Friday as fears of a U.S. recession eased but were on track for weekly declines of more than 4% after a jump in COVID-19 cases in top oil importer China raised the spectre of weaker fuel demand. Brent crude futures were up 23 cents, or 0.3%, to $93.80 a barrel at
The selloff in cryptocurrencies spread to global stocks. Commodity currencies tumbled broadly following risk-off sentiment. Swiss Franc and Euro are currently the biggest winner from market sentiment, while Sterling softened notably against European peers. Dollar and Yen are mixed for now. Focuses will turn to US inflation today, which has the potential to trigger further