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Japanese Yen weakened notably in early US session, reacting to rising US Treasury yields, which were boosted by stronger-than-expected US ADP job data. Adding to Yen’s decline, Japan’s new Prime Minister, Shigeru Ishiba, who was initially perceived as a monetary hawk, has softened his stance on interest rate hikes. After meeting with BoJ Governor Kazuo

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 turned positive on Tuesday, jumping about 3%, following reports Iran was preparing to launch a missile attack on Israel. Brent futures were up $2.04, or 2.9%, to $73.74 a barrel by 9:58 a.m. EDT (1358 GMT), while U.S. West Texas Intermediate (WTI) crude rose $2.11, or 3.1%, to $70.28. The U.S. said it

Euro declined broadly today after ECB Governing Council member Olli Rehn became the first official to openly indicate that risks are now tilted toward another rate cut in October. Additionally, data showed that Eurozone’s headline CPI fell below the ECB’s 2% target for the first time since 2021, even though core inflation remains elevated. A

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 75,553 per 10 gram, which is down by 0.08% or Rs 58 while silver December futures contracts were trading at Rs 90,906/kg, up by 0.21% or Rs 187. Gold and silver prices witnessed some profit booking in the last 3 sessions with the former

Dollar stabilized overnight and is attempting to regain ground following recent losses. The greenback found some support after Fed Chair Jerome Powell’s remarks, where he indicated that Fed is in no rush to implement rapid rate cuts. This has reduced market expectations for a 50bps cut at the November meeting, with the probability falling from

Goldman Sachs is out with a note today highlighting downside inflation pressures from oil. I’ve been writing about this for awhile, noting that oil is trading more than $20 below where it was at this time last year, adding a powerful drag for crude. Looking out further, Goldman Sachs sees continued low prints and heading

The festive season in India combines cultural celebration and economic activity, significantly driving growth, especially between August and December. Historically, indices like Nifty have shown positive momentum during this period. This trend continues this year too, supported by strong financial inflows and strategic government policies, including increased capital expenditure of Rs. 11.11 trillion (3.4% of

Forex market activity was relatively subdued during European trading hours, with Euro recovering against both Sterling and Swiss Franc despite lower-than-expected inflation reading from Germany. However, the common currency continues to face resistance in breaking out of its range against Dollar. Markets will keep a close eye on ECB President Christine Lagarde, who is set

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

CSI 300 index weekly chart 🔥 Chinese stocks are sizzling and it has been a while since we’ve seen such an upturn in sentiment in the region. After the over 15% gains last week, the CSI 300 index is up over 6% now at the lunch break. As seen with the chart above, the run

Gold ticked up on Monday and was on track for its fourth straight quarterly gain, buoyed by hopes of another large U.S. rate cut and rising Middle East conflict, while investors awaited comments from Federal Reserve Chair Jerome Powell. FUNDAMENTALS * Spot gold rose 0.2% at $2,662.3 per ounce, as of 0036 GMT. Bullion closed

Gold December futures contracts at MCX opened flat today at Rs 75,942 per 10 gram, which is up by 0.3% or Rs 224 while silver December futures contracts were trading at Rs 91,569/kg, up by 0.19% or Rs 171. On Friday, gold and silver settled on a weaker note in the domestic as well as

Asian financial markets are displaying significant divergence today. Japan’s Nikkei index has plummeted over -4%, reacting sharply to the ruling Liberal Democratic Party’s election results from last Friday. Shigeru Ishiba, the newly elected LDP leader and Japan’s incoming Prime Minister, attempted to soften his previously hawkish stance on the BoJ monetary policy during a interview

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

Speaking on the occasion, Manish Sarda, Chairman, IFAPA, said, “India is the largest exporter of manganese alloys and the third-largest exporter of ferrochrome. However, the industry’s global standing and foreign exchange generation potential is constrained due to high domestic power prices compared to other exporting geographies, tariffs on key imports, etc. For instance, the current

Unexpected developments from Asia significantly influenced global financial markets last week. China’s surprise stimulus measures invigorated investor sentiment, leading to substantial gains in Chinese and Hong Kong equities, as well as strengthening Chinese Yuan. This positive shift boosted commodity-linked currencies, with New Zealand Dollar and Australian Dollar emerging as the top performers for the week.