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Yen started the week under notable pressure, facing challenges from both political uncertainty in Japan and a cautious BoJ. A highly anticipated parliamentary vote will decide whether Prime Minister Shigeru Ishiba remains in office. Ishiba’s leadership is on the line after his party, the Liberal Democratic Party, lost its majority in a recent snap election.

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

1/7 Market Summary Indian market closed in the red on Friday for the second consecutive day in a row. The BSE Sensex and Nifty50 closed flat with a negative bias. ETMarkets.com 2/7 Sectoral Summary Sectorally, buying was seen in healthcare, auto, IT and consumer durable stocks while selling was seen in utilities, oil & gas,

UPCOMING EVENTS: Monday: BoJ Summary of Opinions. (US Holiday) Tuesday: UK Labour Market report, Eurozone ZEW, US NFIB Small Business Optimism Index, Fed’s SLOOS. Wednesday: Japan PPI, Australia Wage Price Index, US CPI. Thursday: Australia Labour Market report, UK GDP, Eurozone Employment Change and Industrial Production, US PPI, US Jobless Claims, Fed Chair Powell. Friday:

Written by , ETMarkets.com| Nov 10, 2024, 04:37:59 PM IST 1/6 Stock Recommendations The Indian equity markets faced a tumultuous week, marked by significant volatility that saw whipsaw sways throughout the week. Investors experienced a rollercoaster of emotions as the indices showcased choppiness, reflecting a mix of market sentiment and external factors of the US presidential

Significant volatility was seen in the global financial markets last week, driven by the highly anticipated US presidential election. Contrary to expectations of a tight contest, Donald Trump secured a comfortable victory over Kamala Harris, with the Republican Party also achieving a “Red Sweep” by taking control of both the Senate and the House. This

John Paulson An earlier report highlighted John Paulson and Scott Bessent as possible candidates for Treasury Secretary and now Reuters sources say those are the leading candidates. I wrote about Paulson earlier in the week and emphasized that he’s a major gold bull. Now, I don’t know that he’s going to advocate adding to US

Gold prices dropped on Friday, logging their steepest weekly decline in over five months, pressured by a stronger dollar and as markets absorbed the implications of Donald Trump’s victory and its potential impact on U.S. interest rate expectations. Spot gold fell 0.8% to $2,684.03 per ounce as of 01:40 p.m. ET (1840 GMT) and posted

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

Despite the OPEC+ group’s recent decision to extend their production cut, weakness continued in global oil markets on faltering demand from China and swelling American supplies. Escalating geopolitical tension also added pressure on the demand outlook of the commodity. Oil has been trading in a tight range since the second half of 2022. It was

Markets: S&P 500 up 0.4% WTI crude oil down $1.88 to $70.48 Gold down $24 to $2683 US 10-year yields down 4 bps to 4.30% JPY leads, AUD lags China set the table for US markets on Friday as the stimulus announcements disappointed, leading to a 5.5% decline in US-listed China ETFs and a slump

ETMarkets.com| Nov 08, 2024, 03:47:37 PM IST 1/6 Shift in Sentiment Short covering happens when traders buy back shares they previously sold short, often due to a shift in market sentiment or new information. This usually results in a decrease in open interest and can drive the stock price higher. In Friday’s trading session, five

Dollar regained some strength in early US session, after a volatile week marked by high-profile events, including the US presidential election and Fed’s rate decision. The greenback’s pullback from its post-election spike now appears to be more of a consolidation rather than reversal of its bullish momentum. However, Dollar bulls may need to wait until

The post-election trade in the dollar hasn’t been too straightforward over the last two days to say the least. The greenback saw gains abate yesterday but is looking to recover back some ground again in trading today. But even then, it isn’t that convincing with the dollar lagging against the yen and franc on the

ETMarkets.com| Nov 08, 2024, 03:51:36 PM IST 1/6 Profit Booking Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Friday’s trading session, five stocks witnessed a long unwinding. Here’s the list: ANI 2/6 Deepak Nitrite

Yen jumps broadly in Asian trading today, boosted by heightened government warnings against the recent selloff on the currency. Japanese Finance Minister Katsunobu Kato issued a strong statement addressing the “one-sided and drastic moves” in Yen, confirming that the government is monitoring the situation with the “utmost sense of urgency.” He emphasized Japan’s commitment to

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

Written by , ETMarkets.com| Nov 07, 2024, 09:00:26 PM IST 1/3 Stock Ideas Domestic market ended with deeper cuts while eroding Wednesday’s gain over the Trump trade. Disappointing Q2 and persistent selling by FIIs continue to dampen market sentiment. “Investors are now shifting their attention to the upcoming Fed policy meeting and domestic public outlay, which