An interest piece while we wait for financial markets to fully kick off for the week. Japan’s Nikkei have excerpts from an interview with chief economist and director of the World Bank’s Prospects Group Ayhan Kose. In a nutshell: One of the risks we look at is this higher-than-expected rise in interest rates — so,
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Long term for most means encompassing the complete market/business cycles, i.e. eliminating the risk of mistiming and not getting affected by short-term worries. We generally believe that the economy will do well given enough time, and the stock market will follow suit. Mitigate the risk of negative returns by holding for long term Most people
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 edged higher in early trade on Friday, extending a rally into a third day, as investors weighed hopes for strong fuel demand after a larger-than-expected drawdown in U.S. crude stocks, brushing off worries about a global economic slowdown. Brent crude futures climbed 7 cents, or 0.1%, to $96.66 a barrel by 0030 GMT
What key events and releases will be driving the markets next week? Tuesday , August 23 various flash PMI estimates for Europe and UK US/services and manufacturing PMI indices, 9:45 AM ET. Manufacturing PMI 52.0 vs. 52.2 last month. Services PMI 50.0 vs. 47.3 last month US new home sales, 10 AM ET. Estimate 574K
After facing strong selling pressure in July, gold and silver prices rebounded as the US dollar and real US bond yields rolled over. This rebound has, meanwhile, run into resistance as it was lacking the support from safe-haven seekers. Our base case remains that safe-haven demand should fade further, assuming that the US economy does
The week is ending on a soft note. All 3 major indices are closing lower on the day with the NASDAQ down over 2%. The Russell 2000 index of small cap stocks fell by -2.17%. The declines in the Dow industrial average today tipped its fortunes for the week into negative territory but only barely.
Dollar ended as the strongest one, closing notably higher against all other major currencies, as risk-on sentiment lost steam while treasury yields surged. The late momentum was rather impressive and argues that the greenback might be ready for breakouts. While Canadian Dollar ended as the second strongest, it’s Swiss Franc’s resilience, and strength against European
The issue price for the next tranche of Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from Monday, has been fixed at Rs 5,197 per gram of gold, the Reserve Bank of India said on Friday. The Sovereign Gold Bond Scheme 2022-23 Series II will be open for subscription from
The US dollar was the strongest currency this week and the strongest currency today. The NZD was the weakest of the majors today. The greenback this week, rose against all the major currencies helped by more hawkish Federal Reserve comments, and global concerns about growth in China, the euro zone, and UK due to higher
Dollar’s rally has finally made some progress overnight and the momentum continues in Asian session. Other currencies are mixed for now with no clear loser. For the week, Aussie and Kiwi are on the weaker side while Euro and Canadian are the stronger ones. But the picture could easily flip before close. A question is
Gold prices declined Rs 389 to Rs 51,995 per 10 grams in the national capital on Friday following weak global cues, according to Securities. The yellow metal had closed at Rs 52,384 per 10 grams in the previous trade. Silver also plunged Rs 1,607 to Rs 56,247 per kg from Rs 57,854 per kg in
The major US stock indices are sliding at the open. The S&P and NASDAQ are in negative territory for the week. The Dow industrial average is clinging to a small gain. A snapshot of the market currently shows: Dow industrial average down -209.64 points or -0.62% at 33789.41 S&P index -28.83 points or -0.67% at
Dollar rally continues today and it’s set to end the week on a high note. Risk aversion and rising benchmark yield are both helping the greenback. Swiss Franc is also strengthening a lot. Selling focuses are mainly concentrated on Sterling, Euro, and Yen, even though commodity currencies are also soft. Technically, the rally in CHF/JPY
Gold prices slipped to a three-week low on Friday and were heading for their first weekly decline in five, as a stronger dollar and prospects of more rate hikes by the U.S. Federal Reserve dented bullion’s appeal. FUNDAMENTALS * Spot gold was down 0.2% at $1,755.89 per ounce, as of 0107 GMT, after falling to
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
Dollar is on the strong side in quiet trading in Asia, together with Yen and Swiss Franc. But the greenback is just staying in familiar range against. On the other hand, Euro and Sterling are the softer ones. Aussie is also trading with an undertone after mixed job data. But overall, most major pairs and
Gold in the national capital on Thursday fell Rs 32 to Rs 52,224 per 10 grams, according to Securities. In the previous trade, the yellow metal had finished at Rs 52,256 per 10 grams. Silver also declined Rs 348 to Rs 57,298 per kg from Rs 57,646 per kg in the previous trade. In the