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
News
NEW DELHI: Gold prices were trading sharply lower on Wednesday, the lowest levels in the last two days. The demand for the safe-haven bullion has been offset by a sustained gain in the US treasury yields and some strength in the US dollar. Gold futures on were trading lower by 0.46 per cent or Rs
Strong rally in USD/JPY is the main focus in Asian session today, following the strong rebound in benchmark US treasury yields. Yen is also staying as the weakest one. But for now, Canadian Dollar and Australian Dollar are both stronger than the greenback. The Loonie’s rally slowed some what as WTI crude oil was rejected
National Australia Bank were forecasting a +0.1% q/q result for January – March economic growth but yesterday revised that much higher: Q1 GDP is expected to rise 0.7% q/q and 3.0% y/y. That’s on the back of a continuation of the consumption rebound out of Q3 lockdown impacts. That ongoing services-led consumptions rebound is expected
Gold in the national capital on Tuesday gained marginally by Rs 34 to Rs 51,046 per 10 grams in line with firm global trends along with rupee depreciation, according to Securities. In the previous trade, the precious metal settled at Rs 51,012 per 10 grams. In contrast, silver declined by Rs 390 to Rs 61,657
Euro is trading broadly lower today even though inflation high another record high. The common currency and European indexes are somewhat weighed down by EU’s decision to ban two-thirds of Russian oil imports immediately. Dollar is rebounding following some risk aversion, together with Swiss Franc. But Canadian Dollar remains firm as supported by surging oil
Money markets now expect a 115 bps worth of tightening by the ECB by year-end, with 40% odds of a 50 bps rate hike in July. That is seen up from the 110 bps priced in at the end of last week. However, with headline inflation crossing 8%, it isn’t just so much a story
Gold prices were trading mildly lower on Tuesday following strong bond yields and strength in the US dollar, which dented the bullion’s appeal. The yellow metal is headed for a straight second monthly loss. Higher US 10-year treasury yields lower the appeal of zero-yield gold, while a stronger dollar makes greenback-priced bullion more expensive for
Canadian Dollar is trading as the strongest one so far for the week. Rising oil price is giving extra support to the Loonie, on the back of improving overall risk sentiment. Aussie and Euro are firm behind too. Yen remains the worst performing one, followed by Swiss Franc and Dollar, while Sterling is mixed. US
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 rose to two-month highs on Monday as traders waited to see if the European Union would reach an agreement on banning Russian oil ahead of a meeting on a sixth package of sanctions against Moscow for its invasion of Ukraine. Brent crude futures gained 46 cents, or 0.4%, to $119.89 a barrel at
Commodity currencies are trading broadly higher today, with help from risk-on sentiment, with Aussie and Loonie competing for the first place. Selloff are mainly centered Yen and Swiss Franc, and to a lesser extent Dollar. Euro and Sterling are mixed for the moment. The moves could intensify further on relatively lower liquidity with US on
It’s a quiet trading day but we’re carrying over the themes from last week with the dollar keeping lower for the most part while equities are looking to extend the bounce from last week. I categorised last week’s move as that of markets looking for some breathing room after the moves from April to early
Gold prices were trading mildly higher on Monday as the weakening US dollar buoyed greenback-priced bullion, although gains were capped by some investors turning to riskier assets in Asia. Federal government offices, stock and bond markets, and the Federal Reserve will be closed on Monday for the Memorial Day holiday in the United States. Gold
Markets are generally in risk-on mode in Asian session today, with rallies in major indexes, oil prices and cryptos. Dollar is extending recent correction and would likely continue further. Yen and Swiss Franc are the next weakest. On the other hand, Australian Dollar is leading New Zealand and Canadian Dollar higher. Euro and Sterling are
MON: EZ Sentiment Survey (Apr). TUE: NBH Announcement; Japanese Jobs Report (Apr); Chinese PMIs; German Unemployment (May); EZ Flash CPI (May); Canadian GDP. WED: BoC Rate Decision; South Korean Trade Balance (May); Australian GDP (Q1); Chinese Caixin Manufacturing PMI Final (May); German Retail Sales (Apr); EZ/UK/US Manufacturing Final PMIs (May); EZ Unemployment Rate (Apr); US
Gold in the national capital on Thursday fell by Rs 241 to Rs 50,671 per 10 grams, reflecting a decline in international precious metal prices, according to Securities. In the previous trade, the precious metal settled at Rs 50,912 per 10 grams. Silver, however, grows Rs 87 to Rs 61,384 per kg from Rs 61,297
The weekly Baker Hughes rig count shows: Oil rigs -2 to 574 Gas rigs +1 to 151 Total rigs, -1 to 727 The price of crude oil is currently up $0.32 at at $114.41 The high for the day reached $115.19. The low for the day extended to $112.85. The high got close to the