The February Henry Hub natural gas contract has exploded in an Amaranth-style move to $7.25 from $4.20 earlier today, gapping more than 70% higher. The contract settles in a few minutes and the volume is just 4829 contracts so far but it’s clear that someone has been caught out by delivery. Unlike Amaranth, this doesn’t
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New Delhi: Gold in the national capital on Thursday plunged Rs 563 to Rs 48,215 per 10 grams amid weak international precious metal prices, according to HDFC Securities. In the previous trade, the precious settled at Rs 48,778 per 10 gram. Silver also tumbled Rs 1,186 to Rs 62,792 per kg from Rs 63,978 per
Investor sentiment was basically destroyed by more hawkish than expected Fed Chair Jerome Powell. US stocks reversed earlier gains and closed mixed. But futures are already pointing to a gap down open today. Major Asia indexes are trading in deep red. Markets are now expecting as many as five rate hikes this year starting March.
It’s not a good look for risk as we look towards the start of European morning trade today. The Fed, or should I say Powell, didn’t really take a side step away from a more hawkish tone yesterday and that was enough to send stocks reeling as gains turn to losses and futures are continuing
NEW DELHI: Gold prices tanked on Thursday, bucking the global cues, as the Federal Reserve’s commentary spooked the bullion market. The yellow metal was trading near recent lows. The Federal Reserve decided on March rate hikes that pushed up US Treasury yields and the dollar, while uncertainty over Ukraine capped bullion’s losses. Gold futures on
Canadian Dollar tumbles notably in early US session after much less hawkish then expected BoC rate decision. The central bank stands pat while lowering both inflation and growth forecasts. Elsewhere in the currency markets, Yen is trading broadly lower with Swiss Franc as stock markets are staging a strong rebound. Meanwhile, Aussie is also trying
NEW YORK: Oil touched $90 a barrel for the first time in seven years on Wednesday, supported by tight supply and rising political tensions in Europe and the Middle East that raised concerns about further disruption in an already-tight market. Brent crude rose $1.67, or 1.9 per cent, to $89.87 by 10:40 a.m. EST (1540
Markets are relatively steady in Asian today, as traders are awaiting main events of BoC and Fed policy decisions. Asian stocks are treading water after weaker close in US overnight. Dollar remains the strongest one for the week, followed by Yen and then Canadian. Swiss Franc is currently the weakest, followed by New Zealand Dollar
The decision in itself will be more straightforward as the Fed is to keep rates unchanged and wrap up QE. One would think this might be a non-event but given recent market developments, a lot will hinge on whether or not the Fed offers anything for investors to grasp at. It will not take much
Gold prices were steady on Wednesday as investors refrained from making big bets ahead of a U.S. central bank decision on the pace of policy tightening, while anxiety over Ukraine kept bullion supported near the previous session’s 10-week high. Spot gold held its ground at $1,846.87 per ounce, as of 0325 GMT, after hitting its
Dollar and Yen rise again today as US futures point to sharply lower open. Yesterday’s strong U-turn seems lacking momentum to extend. But selling focus has somewhat turned to European session, with Swiss Franc leading the way lower. Commodity currencies, except Kiwi, are mixed. In other markets, Gold is staying in tight range above 1830.
France President Macron is on the wires saying: we are preparing reaction in case of Russian aggression of Ukraine if there is an attack, we will reply. The price will be high Russia is becoming a force for destabilization. The geopolitical risks from Russian aggression as certainly been a negative for stocks (it doesn’t help).
New Delhi: Gold prices rose by Rs 86 to Rs 48,555 per 10 gram in the national capital on Tuesday on local demand and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 48,469 per 10 gram. Silver declined by Rs 522 to Rs 63,907 per kg from
US stocks staged a strong comeback overnight, with DOW staging the first-ever 1000-point-plus intraday U-turn. It’s down -1100 pts at initially trading but closed up 11 pts eventually. Yet, risk-off sentiment remains dominant in Asia. Dollar is currently the strongest, followed by Yen. Sterling is the worst performer, followed by Kiwi and Loonie. Aussie managed
S&P 500 futures -1.1% Nasdaq futures -1.4% Dow futures -0.7% Despite the stirring comeback in the cash market yesterday, US futures are pointing lower for the time being. Much like how before it was too early to draw much conclusions from the early rises in the past week, the same can be said for the
NEW DELHI: Gold prices were little changed on Tuesday, as investors looked for interest rate hike cues from the US Federal Reserve’s meeting. Investors are focused on the Fed’s two-day policy meeting, which starts on Tuesday, amid expectations the central bank will signal that it planned to raise rates by 25 basis points in March.
Swiss Franc, Dollar and Yen rise strongly today on risk-off sentiment as geopolitical tensions around Ukraine escalate. Aussie is currently the worst performing one, followed by Sterling and then Kiwi. Euro and Canadian are mixed. In the back ground, markets are also preparing for some hawkish comments from Fed later in the week to set
From time to time, a big cap earnings report can calm the markets nerve and offer a reason for optimism. That time won’t be today, unless you believe that a once-dominant company that blew the most-attractive secular trend in the world has somehow regained its form. The big company on the earnings list today is