RBA (read from the bottom up for the chronology): Other: The focus of the early part of the session was on the Australian dollar, Reserve Bank of Australia Governor Lowe speaking, and then the minutes of the RBA June meeting. This is how it played out (there’s a “but” at the end): AUD/USD inched a
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Gold prices edged up on Tuesday as the dollar eased, even as investors kept a keen eye on posturing from major central banks on interest rate hikes for a clearer outlook for bullion. FUNDAMENTALS * Spot gold was up 0.2% at $1,841.01 per ounce as of 0047 GMT. U.S. gold futures firmed 0.1% to $1,843.10.
Overall markets are rather steady in Asian session today. Even the free falling crytocurrencies are stabilizing slightly. Major Asian indexes, except Nikkei, are treading water. Dollar and Yen are softening slightly with Sterling. Aussie and Euro and mildly higher. But most major pairs and crosses are just stuck inside Friday’s range. Sterling would be a
Headlines: Markets: AUD and NZD lead, USD lags on the day European equities higher; S&P 500 futures up 0.8% Gold down 0.1% to $1,837.62 WTI crude up 0.7% to $110.30 Bitcoin up 1.6% to $20,875 With it being a long weekend in the US, markets are seeing less appetite to stray away from Friday’s bit-part
After a strong performance earlier this month, oil prices sold off violently last week, falling sharply along with risk assets including stocks. For the week, Brent futures declined for the first time in five weeks, while WTI dropped for the first time in eight weeks. Crude oil fell 7 per cent on Friday and was
Markets are generally quiet today, with a near empty European calendar and US holiday. Major European indexes are recovering slightly but lack follow through buying. Gold and oil are staying in tight range. In the currency markets, Aussie and Kiwi recover mildly while Dollar, Yen and Euro are the softer ones. But with the exception
The emerging negativity in global markets today is likely stemming from China. Iron ore prices are down 9% on fears of a demand slowdown. China’s CSI energy index is down more than 5%, rebar is down 6% and the coal index is down 4.5%. The PBOC met today but offered nothing new on policy, leaving
SINGAPORE: Oil prices wobbled early on Monday as investors refocused on tight supplies, though sentiment was still fragile after 6% slump in the previous session amid concerns about slowing global economic growth and fuel demand. Brent crude futures gained 20 cents, or 0.2%, to $113.32 a barrel by 0105 GMT, after rising as much as
The price of WTI crude oil is settling -$7.26 lower at $107.99. That is for the August contract. For the July contract has its last day of trading on June 21. It settled at $109.56 down -$8.03 or -6.83%. The move lower has been helped by the stronger dollar, but is also be reflective of
Investment in Sovereign Gold Bonds (SGBs) went up sharply during COVID-impacted years as investors looked for safer options amid volatility in equity markets with 2020-21 and 2021-22 accounting for nearly 75 per cent of total sales of the bonds since the inception of the scheme in November 2015. The next tranche of SGBs is scheduled
NEW DELHI: Gold prices dropped on Friday, thanks to the firm US dollar and higher treasury yields, which weighed on the demand for the safe-haven metal. The yellow metal is headed for the biggest weekly drop since May. Gold futures on were trading lower, easing about 0.10 per cent or Rs 52 to Rs 50,934
I can’t remember many things that have ever fallen for 12 straight days but here we are. Bitcoin is down another $2420 today, breaking the $20,000 level and continuing lower to $18,171, which is scarcely above the session lows. This is the lowest since mid-December 2020 and there isn’t much in the way of support
Net reactions of the global markets to Fed’s 75bps rate hike were rather negative. Global stocks ended generally lower after initial recovery. Additionally, SNB delivered a surprised 50bps rate hike while BoE’s 25bps had a hawkish undertone with three members wanted more. BoJ stayed calm and kept interest rate unchanged while maintaining the 10-year JGB
The major US stock indices are closing the day with mixed results: Dow industrial average is down -38.31 points or -0.13% at 29888.79 S&P index is up 8.09 points or 0.22% at 3674.85 NASDAQ index is up 152.26 points or 1.42% at 10798.36 Russell 2000 is up 15.85 points or 0.96% at 1665.69 Some details
The US Federal Reserve’s announcement that it is raising interest rates by 0.75 percentage points and will potentially follow up with further moves of a similar size led to some nervousness in the gold and silver markets. The metals remain tossed and torn between the inflation issue and the related tightening of monetary policy by
The USD moved lower yesterday helped by the Swiss National Bank surprise tightening, and a string of weaker data. Today the story was different. The Bank of Japan kept rates unchanged and said that they would continue the put a ceiling on the 10 year yield by being a buyer. The industrial production was weaker
New Delhi: Gold prices in the national capital on Friday rallied by Rs 416 to Rs 50,802 per 10 grams, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 50,386 per 10 grams. Silver also surged by Rs 1,014 to Rs 61,343 per kg from Rs 60,329 per kg in
Swiss Franc remains the strongest one for the week and stays firm into US session. Dollar is also regaining some ground, as the second best. On the other than, commodity currencies are the worst performing one, as led by Canadian. In other markets, European indexes are mildly in black while US futures are nearly flat.