Selling in Dollar and Yen persists again today. New Zealand Dollar is currently the biggest winner, on increasing expectation of RBNZ rate hikes. While Aussie is also strong, Sterling is slightly stealing the show too, with help from renewed buying against Euro. The cautious comments from ECB policymakers are not giving much support to Euro,
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More gains for the NZDJPY? New Zealand Q3 inflation has risen at its fastest pace in 10 years with the The annual inflation rate move up to 4.9% from 3.3% in the second quarter. This has caused the New Zealand bond yield to rise sharply higher as expectations now increase for a 50 bps rate
NEW DELHI: Gold prices traded higher on Tuesday as a decline in the US dollar and US bond yields provided some support to the precious metal. Buyers in other currencies made the bullion cheaper, supporting the yellow metal. The dollar index declined and languished near the lows of its recent range. Gold futures on MCX
Dollar’s selloff resumes in Asian session today, while Yen is also trading lower. Risk-on markets in Asia lift New Zealand and Australian Dollar. European majors are mixed for the moment, with Euro trying to recover against Sterling and Swiss Franc. The economic calendar is rather light today, and focuses will mainly be on the development
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New Delhi: Gold in the national capital on Monday gained marginally by Rs 37 to Rs 46,306 per 10 grams, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,269 per 10 grams. Silver jumped Rs 323 to Rs 62,328 per kilogram from Rs 62,005 per kilogram in the
The forex markets are generally staying in consolidative mode today, with Euro and Swiss Franc trading mildly higher. Meanwhile, Aussie is leading other commodity currencies for retreats. Dollar is also trying to firm up with 10-year yield breaking above 1.62 handle. Yen, is also mildly higher with help from some pull back in stocks. Overall,
The market is ramping up BOE rate hike expectations That of course follows the more hawkish remarks by Bailey over the weekend here. It’s important to also put into context the remarks by Bailey as he does put a few caveats associated with any move that the BOE may take in the coming meetings: “I
Ravindra RaoMCX Gold futures reversed lower after hitting the key resistance zone at Rs 48,000 last week. Price found support at its 8-day EMA at Rs 47,200, which has limited the downside. The next key support holds around Rs 46,900 (20-DEMA). The bullish crossover of 8- and 20-day EMA has also limited the downside. Now
The markets are trading in consolidative mode in Asia today. Dollar attempted to resume near term rally against Euro overnight, but quickly lost momentum. While Yen remains generally weak, selloff slowed, along with slight retreat in US 10-year yield, and retreat in stocks. Traders will turn their focuses firstly to UK GDP in European session,
NZ inflation data for the third quarter, July to September, of 2021. 2.2% q/q, much higher than expected and a big surge from the previous quarter expected 1.4% q/q, prior 1.3% Excluding quarters impacted by increases to GST rates, the September quarter movement was the highest since the June 1987 quarter CPI 4.9% y/y ditto
TOKYO: prices rose on Thursday, reversing previous losses, on expectations that high natural gas prices as winter approaches may drive a switch to oil to meet heating demand needs. Brent crude futures gained 28 cents, or 0.3%, to $83.46 a barrel at 0107 GMT after falling 0.3% on Wednesday. U.S. West Texas Intermediate (WTI) crude
Earnings calendar for the week starting October 18 Some of the major financials kicked off the earnings calendar this week including J.P. Morgan, Bank of America and Citigroup. Next week eases into other industries including some tech, airlines, consumer staples and industrials. Highlighted companies include Procter & Gamble, Netflix, Johnson & Johnson, IBM, Verizon, Tesla, Intel, American Express and
Gold was set on Friday for its best week in more than five months as a retreat in the U.S. dollar and Treasury yields lifted the metal’s appeal despite a looming Federal Reserve taper. FUNDAMENTALS * Spot gold held steady at $1,794.09 per ounce by 0115 GMT but was up 2.1% for the week so
WTI crude oil up 97-cents to $82.28 What a run it’s been for the crude oil bulls in basically a straight line to $82 from $62 on August 23. This is the eighth straight week of gains in crude and the highest close since 2014. Today is contract expiration and there’s moderate backwardation through the
Gems and jewellery exports rose by 29.67% to Rs 23,259.55 crore in September 2021 compared to Rs 17,936.86 crore in the year-ago month, according to the Gem and Jewellery Export Promotion Council (GJEPC). In September 2019, the shipments were worth Rs 23,491.20 crore. For the April-September period, the shipments surged by 134.55% to Rs 1,40,412.94