(This story originally appeared in on Feb 10, 2022) CHENNAI: Gold exchange-traded funds (ETFs) saw the highest-ever repurchase or redemption of Rs 671 crore in January 2022, leading to an outflow of Rs 451 crore. This was primarily driven by rising 10-year Indian government bond yields and expectations of a more hawkish US Fed stance.
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While US stocks staged a strong rally overnight, Asian markets turned mixed. Investors are holding their bets ahead of US CPI data. Australian Dollar remains the strongest one for the week, followed by Kiwi. Loonie also regained some ground with help from the stabilization in oil prices. On the other hand, Yen is currently the
That’s a decent move in European morning trade, considering that there has been no notable headlines to really work with. In my view, the light nudge higher here is more technical-related as price bounces off the 200-hour moving average: Overall, the dollar is trading more mixed across the board and I don’t see much of
NEW DELHI: Gold prices were trading flat, held in a tight range on Thursday. Investors awaited U.S. inflation data that could offer fresh clues about the pace of the Federal Reserve’s monetary policy tightening. Russia has increased military capabilities along its border with Ukraine and in Belarus, according to the Pentagon. Ukraine believes there is
Dollar trades broadly lower again today, as pressured by generally positive risk-sentiment. Yen is following as the next weakest. Canadian Dollar is also soft as WTI crude oil is struggling below 90 handle. On the other hand, Australian Dollar and New Zealand Dollar are trading broadly higher. Sterling and Swiss Franc are mixed for now.
Westpac’s update of their Australian dollar view begins with a brief and helpful summary of the various influences on its rate: US inflation at 7% and unemployment at 4% have markets pricing a risk of a 50bp Fed hike in March. This should underpin the US dollar despite occasional wobbles, helping cap AUD/USD rallies around
New Delhi: Gold prices spurted by Rs 247 to Rs 48,403 per 10 grams in the local market here on Wednesday amid gains in the metal in international markets, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 48,156 per 10 grams. Silver also rallied by Rs 825 to
Australian Dollar rises further again with help from risk-on sentiments in the US and Asia. On the other hand, Dollar turns soft despite rising treasury yields. Canadian Dollar is dragged down slightly by oil prices. Other parts of the forex markets are mixed. Euro is still in consolidation against, and cautious comments from ECB officials
European indices are pushing forward with gains of around 1.5% on the day while US futures are also gaining further ground on the session so far. S&P 500 futures are now up 0.7%, Nasdaq futures up 0.8%, and Dow futures up 0.6%. All looks to be well in the equities space after quite a modest
SINGAPORE: Oil prices nudged up on Wednesday following two sessions of losses after industry data showed an unexpected drop in U.S. crude and fuel stocks, offsetting concerns of a possible rise in supplies from Iran. Brent crude futures rose 23 cents, or 0.3%, to $91.01 a barrel by 0122 GMT, while U.S. West Texas Intermediate
Canadian Dollar is currently the weakest one for today, following the pull back in oil prices. Japanese Yen is following as European and US yields are apparently trying to outpace benchmark JGB yield again. On the other hand, Aussie is trading slightly firmer, together with Kiwi and Dollar. Euro is paring some of the post-ECB
The markets are breathing a little easier today on inflation despite what is supposed to the highest CPI reading since March 1982 when it is released on Thursday at 8:30 AM ET. The catalyst today was the price of crude oil which fell below the $90 level after rising to $93.17 last week. That is
New Delhi: Gold price in the national capital on Tuesday rallied by Rs 144 to Rs 48,167 per 10 grams, reflecting overnight gains in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 48,023 per 10 grams. Silver, however, dipped by Rs 76 to Rs 61,607
Dollar strengthens mildly in Asia today but overall markets have been quiet this week so far. Euro continues to consolidate last week’s sharp gain, ahead of a key near term resistance against the greenback. Commodity currencies are the slightly stronger ones. Major benchmark global treasury yields continue to rally while stocks tread water. There might
The easy headline to point to is the focus on Iran nuclear talks but the underlying backdrop is that oil has gained for seven consecutive weeks now. From a technical standpoint, that might call for a bit of retracement in itself – especially when you consider that WTI crude has gained by more than 30%
NEW DELHI: Gold prices gained marginally on Tuesday as inflationary pressures supported safe-haven metal while market participants awaited the US inflation data. Gold futures on MCX edged higher by 0.08 per cent or Rs 37 to Rs 48,265 per 10 grams. Silver futures were trading lower by 0.31 per cent or Rs 195 at Rs
Australian Dollar is leading commodity currencies higher in relatively quiet trading today. Swiss Franc is also firm, but mainly because Euro is consolidation gains. Sterling is currently the weakest one, followed by Euro and then Dollar, while Yen is mixed. In other markets, major European indexes are trading water while US futures point to slightly
The broader major stock indices are closing lower on the day in what was a up and down session to start the trading week. The Dow industrial average is closing fractionally higher. The Russell 2000 is the best performer today. The final numbers are showing: Dow industrial average up 1.37 points or 0.00% at 35091.12