Reuters Corporate Survey shows: More than three-quarters of Japanese firms say the yen has declined to point of being detrimental to their business almost half of companies expecting a hit to earnings companies are more worried about how it inflates fuel and raw material imports, which are already soaring due to the war in Ukraine.
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New Delhi: Gold prices in the national capital on Wednesday jumped Rs 435 to Rs 52,941 per 10 grams, reflecting a rally in international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the yellow metal finished at Rs 52,506 per 10 grams. Silver also zoomed by Rs 1,331 to
Dollar is trading broadly higher today, with help by upside breakout against Yen. The greenback on remains firm after record PPI reading. Sterling is currently the second strongest, followed by Euro. On the other hand, New Zealand Dollar is trading as the worst performing, even after RBNZ’s 50bps hike. Kiwi followed by Aussie and and
If you were thinking about buying the Canadian dollar on the expectation of a Bank of Canada 50 basis point rate hike at the top of the hour, then you might want to consider the price action in the New Zealand dollar today. The kiwi jumped 30 pips on the headlines and then immediately began
LONDON – The full impact of sanctions and buyer aversion to Russian oil will take full effect from May onwards, the International Energy Agency said on Wednesday. Still, lower demand amid a COVID-19 surge in China, output increases from OPEC+ producers and beyond along with the largest ever draw on emergency oil storage by the
The forex markets trade in tight range in Asian session today. New Zealand Dollar got little support from the RBNZ 50bps rate hike. It’s actually trading as the weakest one for the day at the time of writing. As for the week, Swiss Franc is currently the strongest, with help from buying against Euro. Dollar
A snippet from a TD Securities note on gold Our tracking of the aggregate net positions held by Shanghai’s largest traders long and short suggests that this cohort has increased their gold length to its highest levels in the past twelve months, supporting prices while Comex shorts have largely been wiped out and ETF inflows
LONDON – OPEC on Tuesday cut its forecast for growth in world oil demand in 2022 citing the impact of Russia’s invasion of Ukraine, rising inflation as crude prices soar and the resurgence of the Omicron coronavirus variant in China. In a monthly report, the Organization of the Petroleum Exporting Countries (OPEC) said world demand
Dollar drops in early US session together with treasury yields after consumer inflation data. While headline CPI came in higher than expected, core CPI’s pick up missed expectations. Commodity currencies are trading generally higher as US futures point to a rebound in major stock indexes. European majors are also attempting a recovery but momentum is
The major US indices are opening higher after sharp declines yesterday. Yesterday saw: Dow fall -413.04 points S&P fall -75.73 points Nasdaq fall -299.04 points Today the snapshot 10 minutes after the opening is showing: Dow industrial average is trading up 250 points or 0.73% at 34559 S&P index up 40 points or 0.91% at
New Delhi: Commodity Participants Association of India (CPAI) on Tuesday said uniform trading time for all markets including stocks, bonds, currency and commodities may not be tenable for the commodity derivative segment. The remarks come in the wake of media reports suggesting that the Reserve Bank of India (RBI) and the Securities and Exchange Board
Dollar turned a bit mixed in Asian session as markets await consumer inflation data from the US today. The greenback is losing some momentum against Yen as it’s pressing a long term resistance level at 125.85. Meanwhile, it ticks down against European majors, which are recovering. On the other hand, Dollar is extending rebound against
New Delhi: Sebi on Monday came out with a new framework for evaluating risk level of commodities — gold and gold- related instruments — in which mutual funds are permitted to invest on risk-o-meter. In a circular, the markets regulator said it has been decided that investment in such commodities by the mutual fund schemes
Yen’s selloff intensifies today, following extended rally in major benchmark treasury yields. US 10-year yields breaks 2.75% handle for the first time since March2 019. Germany 10-year bund yield also breaches 0.8% handle. On the other hand, Japan 10-year JGB yield is staying comfortably below BoJ’s 0.25% cap. Euro and Dollar are currently the strongest
The ongoing worries surrounding global growth isn’t really helping the mood in oil at the moment and we’re taking quite a shave off the top after the spike towards $130 amid the Russian invasion of Ukraine in early March. The uneasy situation surrounding Shanghai isn’t helping with the outlook as China remains a major uncertainty
New Delhi: Gold rallied Rs 304 to Rs 52,302 per 10 gram in the national capital on Monday in line with strong global trends, according to HDFC Securities. In the previous trade, the precious metal finished at Rs 51,998 per 10 gram. Silver also jumped Rs 508 to Rs 67,407 per kg from Rs 66,899
Yen is trading broadly lower in Asian session today. But commodity currencies are also soft on mild risk-off sentiment. On the other hand, Euro and Dollar are the stronger ones, while Sterling and Swiss Franc follow. UK data will be the main focus in European session while US calendar is empty. Nevertheless, more volatility is
Somewhat surprising, gold prices remained rangebound in recent weeks despite the war in Ukraine still raging with no solution in sight. The market is currently facing tailwinds from very strong safe-haven demand and headwinds from a strengthening US dollar and rising real US bond yields. Looking ahead, the key question for gold remains if economic