Markets: Gold down $1 to $1928 US 10-year yields up 2.5 bps to 3.51% WTI crude oil down $1.63 to $79.37 S&P 500 up 0.25% to 4070 JPY leads, EUR lags The week is winding down and FX is largely flat on the day. There was some USD buying into the London fix but it
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Oil prices edged marginally higher on Friday, extending for a second session on strong U.S. economic data and strengthening hope that the reopening of the Chinese economy would boost demand. Brent futures gained 30 cents, or 0.3%, to $87.66 a barrel by 0113 GMT, while U.S. crude rose 21 cents to $81.22 per barrel, a
The markets are steady after US data showed further cooling in headline and core PCE inflation. While the decline in Dollar has been slowing somewhat, there is no committed buying for a sustainable rebound. The greenback is likely to end the week mixed. Trade might be relatively subdued for the rest of the session. Traders
If I were to describe it, I’d say that the dollar is on the brink still and that while there are some technical levels being stretched, they aren’t being broken as we look towards the central bank bonanza next week. But even before the end of the week and month-end trading early next week, it
Gold prices were little changed in early Asian hours on Friday, as traders awaited U.S. inflation data due later in the day to gauge the Federal Reserve‘s rate-hike stance. FUNDAMENTALS * Spot gold rose 0.1% to $1,931.95 per ounce, as of 0030 GMT, and was headed for a sixth consecutive weekly gain. U.S. gold futures
Risk-on rallies appear to be taking a breather ahead of the weekend. While US stocks jumped overnight, Asian markets are just mixed. Focuses will turn to US PCE inflation data today. Dollar might try to bounce if there is upside surprise in the report. Yet, the big events are the three central bank meetings next
Summary of CS technicals on the Australian dollar. Medium-term moving averages are close to seeing a bullish cross higher short-term MACD momentum is very strong market is also threatening to break key resistance at 0.7138. A close above here would open up a move to our core objective at 0.7284/7306 next Near-term support 0.7061, below
Oil prices were up in early Asian trade on Thursday as US crude stocks rose less than expected, while a weaker dollar made oil cheaper for non-American buyers. Brent crude futures had risen 12 cents to $86.24 per barrel by 0119 GMT, while US West Texas Intermediate (WTI) crude futures gained 30 cents to $80.45.
US futures trade higher after a batch of solid economic data. Positive risk sentiment are lifting commodity currencies in general, in particular Aussie. Dollar and Yen are turning softer while European majors are mixed, with Euro lagging behind. In the weekly picture, while Aussie is still the strongest, Dollar and Yen are the weakest. Euro
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Gold prices hit a nine-month high on Thursday before trading steady, as investors hunkered down for US economic data that could influence the Federal Reserve’s policy tightening path. Spot gold was flat at $1,944.96 per ounce, as of 0244 GMT, after hitting its highest since April 2022. US gold futures were up 0.2% at $1,945.60.
Australian Dollar strengthens further with mildly positive risk sentiment in Asia. But other major currencies are sluggish. Yen is still recovery but apparently lacks committed buying. Canadian Dollar is staying soft after yesterday’s BoC hike, but selloff is relatively limited. Euro is having a slight upper hand against Dollar, but both are actually mixed. Focuses
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Gold price fell Rs 198 to Rs 56,972 per 10 gram in the national capital on Wednesday amid weak global trends, according to HDFC Securities. The precious metal had settled at Rs 57,170 per 10 gram in the previous trade. Silver also declined Rs 270 to Rs 68,625 per kilogram. “Spot gold price in the
Australian Dollar remains the strongest one for today, maintaining most of post-CPI gains. But Yen is catching up with broad based recovery. Euro softens despite improvement in German business climate, and Sterling is trading lower too, while Kiwi stays as the worst. Dollar and Canadian are mixed awaiting BoC rate decision. Technically, EUR/CHF is worth
This comes as tech continues to lead the downside, with Nasdaq futures down 1.2% and Dow futures down by 0.6% currently. The drop is also putting a drag on European indices, with the DAX and CAC 40 both also down by 0.6% on the session. There’s not much in European morning trade to have caused
Crude oil prices rebounded on Wednesday as demand recovery hopes in top importer China following its exit from COVID-19 pandemic curbs provided support after prices dropped in the previous session on concerns about global economic growth. Brent crude futures gained 59 cents, or 0.7%, to $86.72 per barrel by 0214 GMT after falling 2.3% in
Australian Dollar rises broadly today after strong CPI data supports continuation of tightening by RBA. On the other hand, New Zealand CPI didn’t accelerate as RBNZ projected, and markets are lowering their expectation on the terminal rate. Kiwi, thus falls broadly. Canadian Dollar is firm as focus turns to BoC rate decision, where a final