NEW DELHI: Gold prices were trading higher on Friday, on course for second consecutive weekly gain. Investors turned to safe-haven assets while awaiting signals on interest rate hikes from the US Federal Reserve’s meeting next week. All eyes are set on the US central bank’s Federal Open Market Committee meet scheduled on January 25-26 for
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Dollar turns softer in early US session after much worse than expected jobless claims data. Euro is closely following as next weakest and then Swiss Franc. On the other hand, Australian Dollar is extending post-job data gains. Canadian Dollar is also firm on oil prices. Yen is mixed for the moment as European stock markets
The initial claims data corresponds with the BLS survey week. Initial jobless claims 286K versus 220K estimate. The prior week was revised up 1K to 231K from 230K last week. 4 week moving average initial jobless claims 231K vs 211K last week Continuing claims 1.635 K vs 1.58M estimate 4 week moving average continuing claims
New Delhi: Gold prices rose by Rs 415 to Rs 48,327 per 10 gram in the national capital on Thursday, reflecting overnight gains in the international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,912 per 10 gram. Silver prices also soared by Rs 858
Australian Dollar rises broadly in Asian session today following much stronger than expected job data. Expectation for RBA tightening is increasing with calls for a hike as soon as in August. Canadian Dollar is also firm together with bullish strength in oil prices. As China’s rate cut is lifting sentiment, Yen and Dollar are turning
Close but no cigar. That has been the story for USD/CAD over the past week or so as sellers continue to pressure the pair lower but unable to establish the next leg to the downside. This comes as price keeps knocking on the door of the 200-day moving average (blue line) before bouncing and closing
NEW DELHI: Gold prices were trading flat on Thursday, edging marginally lower, after steadying near a two-month peak, hit during the previous session. Higher US Treasury yields prevented any gains amid caution building around developments at the US Federal Reserve’s meeting due next week. Gold futures on MCX were flat, marginally down by 0.01 per
Canadian Dollar jumps higher again after data should consumer inflation rose further to multi-decade high. On the other hand, Dollar is paring some gains as stock markets are trying to recover. As for the week so far, Euro remains the worst performing one. Sterling is next and will look into BoE Governor Andrew Bailey’s comments.
At this point, I have to believe that there are oil buyers anticipating a Russian invasion of Ukraine. The buying has been absolutely relentless. Yesterday was a tell with oil up $1 despite US stocks falling 2%. Moreover, the latest gains come despite a $21 one-way rally since December 20. Crude has only had six
LONDON: Oil supply will soon overtake demand as some producers are set to pump at or above all-time highs, the International Energy Agency (IEA) said on Wednesday, while demand holds up despite the spread of the Omicron coronavirus variant. “This time around, the surge is having a more muted impact on oil use,” the Paris-based
Dollar is trying to extend near term rebound with help from surging treasury yields and risk-off sentiments in stocks. But Canadian Dollar is still outshining slightly, as support by oil price rally. Aussie and Kiwi are soft, but selloffs are mainly centered around European majors. Euro is particularly weak as it looks set to resume
S&P 500 futures -0.7% Nasdaq futures -1.0% Dow futures -0.5% The more dour mood is also weighing on European futures, which are set to open with modest declines later in the session. The prospect of higher yields continue to weigh, with 2-year Treasury yields up at 1.06% and 10-year Treasury yields up near 1.88%. The
NEW DELHI: Gold prices were trading flat on Wednesday, steadying near a one-week low hit in the previous session, following a spike in US bond yield. The US Treasury yields strengthened to two-year highs on expectations of quicker interest rate hikes by the Federal Reserve. Gold futures on MCX were up 0.06 per cent or
Stocks markets are turning back into risk off mode with US futures pointing to sharply lower open. Yen managed to reverse earlier losses and trading generally higher. Canadian Dollar is also firm as supported by extended rally in oil prices. Dollar is following with some lift by rising treasury yields. On the other hand, Sterling
It might be a long time before we see something as crazy as Gamestop again. For now though, the mania is over. The pandemic trades are all unwinding and so is this one as shares fall another 7.8% today. They’ve declined to $108 from $154 since the start of the year — a 29% decline.
New Delhi, Gold price in the national capital on Tuesday dipped Rs 23 to Rs 47,814 per 10 grams, in line with weak international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,837 per 10 grams. Silver was flat at Rs 61,835 per kg from Rs
Dollar is making a strong come back in Asian session today, as 10-year yield powers up to 1.85 level. Yen is under some selling pressure after BoJ stood pat as expected, and delivered little surprise other than upgrades in inflation forecasts. But Aussie and Kiwi are currently the weakest one. Canadian Dollar, on the other
The technical break continues to run as 10-year Treasury yields now hit 1.84% and is at the highest since January 2020. That now sees yields move back above its 200-day moving average (blue line) and could be heading towards the November to December 2019 highs around 1.96%. That alongside the 2% psychological level will be