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Oil prices fell in Asian trading on Thursday after a larger-than-expected Federal Reserve interest rate cut sparked concerns about the U.S. economy. Brent crude futures for November fell 34 cents, or 0.46%, to $73.31 a barrel by 0015 GMT, while WTI crude futures for October declined to $70.49 a barrel, down 42 cents or 0.59%.

Sterling surged notably today and reached its highest level against Dollar since March 2022. The move followed BoE’s decision to hold interest rates steady as expected. The surprise came from Deputy Governor Dave Ramsden, who chose not to vote for a rate cut. The overall tone from BoE suggests that while further rate cuts are

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

Gold October futures contracts as well as silver December futures contracts at MCX opened flat today after the US Fed cut the interest rates by 50 bps. The former stood at Rs 72,916 per 10 gram, which is down by 0.19% or Rs 139 while the latter stood at Rs 88,375/kg, up by merely 0.09%

Market reactions were indecisive after Fed’s much-anticipated rate cut overnight. The initial optimism that sparked a rally in US stocks quickly fizzled out, with major indexes closing in the red, while Treasury yields staged a recovery. The reaction was somewhat anticlimactic but understandable given the unusually high level of uncertainty surrounding this FOMC meeting. In

We’ve seen this one before. You can game out the Fed decision as much as possible but the market loves to punish both sides of the trade. That’s exactly what we’re getting at the moment as the US dollar recoups all its FOMC losses, and in some cases more than that. I think the bond

U.S. Federal Reserve cut interest rates by 50 basis points, sending the dollar lower. Spot gold was up 0.9% at $2,592.39 per ounce as of 02:17 p.m. ET (1817 GMT). U.S. gold futures settled 0.2% higher at $2,598.60. “Gold surges to all-time highs but bond yields have also jumped higher. A 50 bps is good

Sterling strengthened across the board today after UK CPI data revealed reacceleration in core inflation. The uptick in core CPI provides additional support for hawkish members of the BoE’s MPC, bolstering the case for a rate hold at tomorrow’s decision. A rate cut is still expected in November, when new economic projections will be available.

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

Gold October futures contracts at MCX opened flat on Wednesday at Rs 73,260 per 10 gram, which is down by 0.23% or Rs 166 while silver December futures contracts were trading at Rs 88,750/kg, down by 0.44% or Rs 390. Gold and silver showed profit taking ahead of the Fed meeting outcomes with gold prices

The much-anticipated FOMC day has finally arrived, and the financial world is eagerly waiting to see if Fed will opt for a 25bps or a more assertive 50bps rate cut. With market expectations split nearly down the middle, and likely some internal divergence within FOMC itself, the outcome is poised to trigger significant market volatility

ECB’s Villeroy It’s wild that in 2027 — seven years after the pandemic emergency — governments will still be breaking eurozone deficit rules. This obviously doesn’t end well. In the long analysis, I think it will show that the optimum path for politicians trying to win the next election is to spend more, in part

Silver prices on Tuesday touched Rs 92,400 per kg mark, the first time since the duty cut and is nearing Rs 96,000 per kg, which it achieved last May. The expectation of a rate cut by the Federal Reserve on September 18 has pushed up the prices of the industrial metal, which is widely used

Canadian Dollar is broadly lower in early US trading following weaker-than-expected inflation data. With CPI decelerating further than anticipated, this set of data provides BoC some breathing room to ease monetary policy more aggressively if necessary. The spotlight now shifts to the upcoming September employment report, which will be crucial in determining whether BoC sticks

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 extended gains on Tuesday as the market eyed U.S. output concerns in the aftermath of Hurricane Francine and expectations of lower U.S. crude stockpiles. Brent crude futures for November were up 36 cents, or 0.5%, at $73.11 a barrel, as of 0635 GMT. U.S. crude futures for October climbed 53 cents, or 0.8%,

Investor sentiment is currently mixed, reflecting the heightened uncertainty surrounding this week’s crucial Fed meeting. While DOW surged to a fresh record high overnight, and S&P 500 edged closer to its historical peak too, the tech-heavy NASDAQ struggled, ending the session in negative territory. The mixed performance extended to Asia, where Nikkei fell sharply in

US 10 year yields The days of high yielding safe investments may be over for a generation. Jamie Dimon is continuing to warn about inflation but the bond market has moved on. Breakeven rates are below 2%, implying that the Fed is more likely to undershoot its target and nominal rates continue to fall, despite