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Gold prices fell on Monday, weighed down by a stronger US dollar and profit-taking, as investors awaited key US economic data to gauge the Federal Reserve’s next steps on monetary policy. The February gold futures were trading at Rs 76,344 per 10 grams on the MCX at 10.04 am and were down by Rs 784

Dollar started the week on strong footing, buoyed by a combination of technical factors and geopolitical developments. Technically, the greenback bounced after failing to break through near-term support level against Euro last week. Escalating political and trade tensions is giving further fuel to Dollar’s rise. Over the weekend, US President-elect Donald Trump stirred market attention

UPCOMING EVENTS: Monday: Australia Retail Sales, China Caixin Manufacturing PMI, Switzerland Retail Sales, Switzerland Manufacturing PMI, Eurozone Unemployment Rate, Canada Manufacturing PMI, US ISM Manufacturing PMI, Fed’s Waller. Tuesday: Switzerland CPI, US Job Openings. Wednesday: Australia Q3 GDP, China Caixin Services PMI, Eurozone PPI, US ADP, Canada Services PMI, US ISM Services PMI, Fed Chair

Praj Industries Ltd has achieved a new all-time high, marking a significant milestone with one of its strongest closings in the past 52 weeks. The bulls showcased their dominance, overcoming intraday selling pressure to close with a robust positive candle. The formation of a strong green-bodied candle reflects heightened buying interest, further reinforced by increased

This is actually a really nice picture Trump has been blasting away on Truth Social. First off, Trudeau flew down to Mar-a-Lago to meet with him and they’re smiling in the picture. The tweet (or whatever you call it) is mostly upbeat. Separately, Trump went on a rant about BRICS countries and not using the

A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of the underlying stock in the Futures and Options segment. This indicates that more traders are expecting the prices to decline and are creating short positions. In Friday’s trading session, five stocks saw

Dollar strengthened broadly in Asian session, especially against commodity currencies, following a bold announcement from President-elect Donald Trump. Trump pledged to impose steep tariffs on Canada, Mexico, and China to pressure them into halting fentanyl trafficking to the US. The announcement came as markets were digesting the positive sentiment surrounding Trump’s Treasury Secretary pick, hedge

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

In 2024, the Tata Group saw significant price growth, with most of its companies experiencing impressive gains. So far this calendar year, the group’s total market capitalization has increased by approximately Rs 3.77 lakh crore, reaching Rs 31.65 lakh crore. About 12 companies within the group have surged between 25% and 120%, with the top

Kiwi rebounded broadly during Asian session, supported by a less dovish-than-expected rate cut from RBNZ. While the 50bps reduction to 4.25% had been widely anticipated, RBNZ’s updated forecasts, which suggest a slower pace of easing in 2025, surprised markets. The central bank projects the OCR to reach 3.50% by the end of next year, a

Canada GDP q/q The headline from today’s Canadian GDP report is that growth declined on a per-capita basis for the sixth consecutive quarter. In addition, monthly GDP data showed just 0.1% m/m growth in September and October. CIBC writes: “While growth in the Canadian economy slowed to a crawl in Q3, that was broadly anticipated

Indian benchmark equity indices climbed on Friday after a steep drop in the previous session, driven by gains in heavyweight Reliance Industries and drugmakers, while investors also awaited economic growth data due later in the day. Meanwhile, six small and midcap stocks from the Nifty 500 index hit new 52-week highs. Here’s the list:

The forex markets are generally staying in consolidation mode today with US on thanksgiving holiday. , and even Yen’s rally is losing some momentum. Nevertheless, the Japanese currency might find some renewed life with the Tokyo CPI data in the upcoming Asian session. BoJ Governing Kazuo Ueda has recently kept the option for a rate

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 rose above Rs 76,000 per 10 grams on Friday, driven by a slight dip in the US dollar and increasing geopolitical tensions. However, the yellow metal remained on track for a weekly decline as investors awaited key US data for further clarity on the Federal Reserve’s monetary policy. The December gold futures were

Yen resumed its broad-based rally during the Asian session, lifted by stronger-than-expected Tokyo inflation data. The accelerated inflation figures have reignited market speculation about another rate hike by BoJ as early as December. Overnight index swaps now suggest there is over 60% probability of a 25bps increase at this upcoming meeting. A key highlight from

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 December futures contracts at MCX opened flat today at Rs 75,500 per 10 gram, which is down by 0.34% or Rs 260 while silver December futures contracts were trading 0.83% lower at Rs 86,950/kg, down by Rs 730. Gold prices fell by Rs 2,100/ 10 grams in this week so far while silver prices