The forex markets are staying in consolidative mode today and could remain so before weekly close. Though, that would depend on whether US stocks would surge again with powerful buying. For the week, Dollar is currently the worst performing, followed by Canadian and Euro. Aussie is the strongest followed by Kiwi. Technically, the retreats in
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The key market gauge of long-term euro area inflation expectations hit 2% for the first time since 2014 Invest in yourself. See our forex education hub. This just continues to reaffirm that team transitory is slowly losing the battle as the above sentiment will feed into rate expectations as well. The latest PMI data today
New Delhi: Gold in the national capital on Friday rose Rs 158 to Rs 46,678 per 10 grams in line with strong international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,520 per 10 grams. Silver also jumped Rs 180 to Rs 64,210 per kg,
The forex markets are staying in mostly consolidation in Asian session. Recovery in Dollar and Yen is so far rather weak, capped by resilient market sentiment. S&P 500 closed at new record high while DOW was not far behind. Major Asian indexes are also trading higher after China’s Evergrande averted default for now after remitting
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 of your initial investment; do
New Delhi: The next tranche of Sovereign Gold Bonds 2021-22 will be open for subscription for five days from October 25, the finance ministry said in a statement on Thursday. The bonds under the 2021-22 series will be issued in four tranches during October 2021-March 2022, taking the total to 10. Under the series, bonds
Markets are generally in consolidative mode today. Dollar turns weaker against Swiss Franc and Yen despite better than expected jobless claims data. But the greenback is just range bound against other major currencies. Commodity currencies are digesting near term gains but losses are so far very limited. Euro is trading sideway against Sterling but weakens
Russia recorded a record number of 34,073 cases and 1,028 deaths related to COVID-19 on Wednesday While there are many parts of the world starting to flip the page on the pandemic, not everywhere is seeing a similar recovery story unfortunately. Despite having its own vaccine, Russia’s measly 35% vaccination rate is biting hard as
NEW DELHI: Gold prices traded firm on Thursday as the yellow metal extended its gain. A softer dollar made gold cheaper for buyers holding other currencies. Concern on rising inflation is prompting buying interest in hard asset metals. Gold futures on MCX were trading marginally higher by 0.09 per cent or Rs 42 at Rs
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -9.81 mmb to 1228.91 mmb in the week ended October 15. Crude oil inventory slipped -0.43 mmb to 426.54 mmb, compared with consensus of a +1.86 mmb increase. Inventory slipped in 3 out of 5
Morgan Stanley short EUR/USD targeting towards 1.14 Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT Morgan Stanley is looking for EUR/USD to fall towards 1.14. We remain short EUR/USD, targeting 1.14. The ECB continues to be dovish as it sees the current high inflation as transitory. This keeps
MELBOURNE: Oil prices turned down after the Chinese government flagged it was looking for ways to tame record high coal prices and that it would ensure coal mines operate at full capacity as Beijing moved to ease a power shortage. Chinese coal prices and other commodity prices slumped in early trade, which in turn pulled
European majors turn generally softer today, in particular, with Sterling paring some gains after strong but lower than expected consumer inflation data. Dollar also weakens with treasury yield dipping slightly while Yen is trying to recover. But overall, Kiwi and Aussie maintain their position as the best performer. US futures are pointing to a flat
Japan’s deputy chief cabinet secretary, Yoshihiko Isozaki, says that officials are watching the market moves carefully In combating deflationary pressures, I’m sure they do favour a weaker currency but the latest drop in the yen is prompting some worries over higher costs for households and retailers – which are still gradually recovering from the pandemic.
NEW DELHI: Gold prices traded higher on Wednesday ahead of the busy festive season, bucking the global trend. Surging US bond yields have dented the yellow metal’s appeal. Gold futures on MCX were trading higher 0.21 per cent, or Rs 100, at Rs 47,380 per 10 gram. Silver futures were marginally up 0.04 per cent
Yen continues to be under selling pressure, following the strong rally in US stocks overnight. Yen is additionally weighed down by rally in treasury yields. New Zealand Dollar is leading commodity currencies higher, while Australian and Canadian Dollars are also strong. Euro and Sterling are mixed for the moment, with Sterling having a slight upper
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 of your initial investment; do
New Delhi: Gold in the national capital on Tuesday rallied by Rs 256 to Rs 46,580 per 10 gram in line with a jump in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,324 per 10 gram. Silver also jumped Rs 188 to Rs