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Dollar fell sharply overnight as the probability of a 50bps rate cut by Fed next week increased significantly. According to fed fund futures, the odds of a half-point cut now sit at around 40%, a notable jump from just 14% the day before. Market participants had widely assumed that Fed was firmly on track for

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 prices declined Rs 250 to Rs 74,350 per 10 grams in the national capital on Thursday, while silver rates surged to reclaim the 87,000 level, according to All India Sarafa Association. On Wednesday, the precious metal or pure gold (99.9 per cent purity) ended at Rs 74,600 per 10 grams. However, silver price rallied

Euro made a modest recovery following ECB’s decision to cut deposit rate by 25bps, a move widely anticipated by the markets. The rate cut, decided unanimously, brings the deposit rate to 3.75%. During her post-meeting press conference, ECB President Christine Lagarde provided no surprise, reiterating the central bank’s commitment to a “data-dependent” and “meeting-by-meeting” approach.

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 Thursday at Rs 71,890 per 10 gram, which is down by 0.05% or Rs 37 while silver December futures contracts were trading at Rs 84,569/kg, up by 0.14% or Rs 119. In this week so far, the prices of gold have gained Rs 460/10 gm while

The stronger-than-anticipated core inflation data initially sent shockwaves through US equities overnight, sparking a deep sell-off. However, tech stocks led a remarkable recovery, with all major indexes finishing in green. Notably, S&P 500 posted a remarkable reversal, ending the day up more than 1% after having fallen over -1% intraday—a feat not seen since 2022.

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 prices climbed Rs 500 to Rs 74,600 per 10 grams in the national capital on Wednesday on account of increased buying by local jewellers as well as strong cues in the global markets. The precious metal of 99.9 per cent purity had closed at Rs 74,100 per 10 grams in the previous close on

Dollar rises slightly across the board during early US session following release of key inflation data, which largely ruled out the possibility of 50bps rate cut at the upcoming FOMC meeting next week. While headline inflation in the US saw sharper-than-expected decline, falling to 2.6% year-on-year, core CPI remained stuck at 3.2%, signaling that disinflation

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 72,028 per 10 gram, which is up by 0.16% or Rs 115 while silver December futures contracts were trading at Rs 84,114/kg, up by 0.52% or Rs 433. In this week so far, the prices of gold have gained Rs 600/10 gm while

Dollar softened across the board in today’s Asian session, dragged down by extended in US Treasury yields. Investors appear to be setting aside the first presidential debate between Kamala Harris and Donald Trump, focusing instead on the highly anticipated US CPI report, which might hopefully provide clearer direction on Fed’s upcoming interest rate cut. Market

High Yield:3.440% Previous: 3.81% WI Level at the time of the auction: 3.457% Tail: -1.7 bs Previous: -0.2bps Six-auction average: 0.1bps Bid-to-Cover: 2.66X Dealers:10.45% Directs (a measure of domestic demand):11.3% Indirects (a measure of international demand):78.24% AUCTION GRADE: A Details: The International buyers showed up and crowded out the other bidders. The international buyers took

Gold prices rallied by Rs 600 to Rs 74,100 per 10 grams in the national capital on Tuesday on the back of fresh buying from jewellers. In the previous session, the precious metal of 99.9 per cent purity had closed at Rs 73,500 per 10 grams on Monday. Silver prices, too, jumped Rs 700 to

Trading in the forex markets remained relatively subdued today, with limited momentum across major pairs. Sterling saw a brief uptick following robust UK employment data, but the rally quickly lost steam. The data did little to alter expectations that BoE will likely keep rates unchanged next week and wait until November to reassess its stance.

Does not believe that private consumption has recovered strongly yet Will aim to achieve conditions where wages grow sustainably so can fully exit from deflation The leadership race should likely come down to a battle between Ishiba and current digital minister, Tara Kono. For some context, Kono also ran for the post back in 2021