Dollar firms up mildly in early US session as headline CPI was back at multi-decade high, which core CPI remains stubbornly strong. The gain in the greenback is so far limited. Overall markets continue to trade in consolidative mode, with mild weakness seen in commodity currencies while Swiss Franc and Euro are rebounding. Next focus
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NEW DELHI: Gold prices held steady on Wednesday. The yellow metal traded flat, helped by a slight pullback in dollar. Investors awaited US inflation data to gauge the Federal Reserve’s path on normalizing policy. The yellow metal was little changed on softer dollar and lower US bond yields. The dollar index was down in early
OPEC+ produced less than promised despite global energy shortage. The alliance comprised of 10 OPEC members, 9 non-OPEC producers and 3 OPEC members exempted from quotas produced a total of 40.73M bpd in September, compared with 40.26M bpd a month ago. Output from OPEC-10 and non-OPEC aggregated to 36.57M bpd, missing the quota of 36.74M
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New Delhi: Gold in the national capital on Tuesday rose by Rs 129 to Rs 46,286 per 10 gram amid rally in international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,157 per 10 gram. In contrast, silver dipped Rs 120 to
There is basically no change in the Yen selloff theme in the markets. But buying focus has shifted to commodity currencies, as led by Aussie and Kiwi, as well as Sterling. Euro is turning a touch weaker after poor German sentiment data, while the Pound is supported by job data. Dollar is sluggish as traders
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NEW DELHI: Gold prices edged up marginally on Tuesday. The dollar held firm, which hovered near a year’s high, on expectations that the Federal Reserve will announce a tapering of its bond purchases next month. Gold futures on MCX were trading higher by 0.16 per cent or Rs 75 at Rs 47,126 per 10 gram.
Overall outlook in the financial market is unchanged, with Yen selloff as the main theme, as major global treasury yields continue to march higher. Euro is second weakest after ECB officials talked down the threat of inflation. Australian Dollar is trading broadly higher, followed by Kiwi. Dollar, Sterling and Loonie are mixed, with the greenback
The physical US bind market was closed for the Federal holiday while stock markets remained open. Forex trades its own world and while liquidity was reduced with the partial US holiday and Canada on holiday also FX moves were not small. Greg has the market wrap here: What follows is my own (selective) wrap of
London: World prices vaulted Monday to fresh multi-year pinnacles on strong demand and tight supplies, fuelling inflation worries and weighing on most European stock markets. London Brent oil jumped to a three-year high at $84.38 per barrel, while New York’s WTI crude leapt to a seven-year peak $81.72, though both eased lower later in the
Falling to the weakest level since August, USDCAD was the worst performer amongst majors (CAD best performer against USD). Loonie’s rebound was driven by energy prices and strong job data. Elevated inflation also has again heightened speculations about BOC’s rate hike. The major driver of loonie’s strength was energy price. Crude oil price rallied as
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 prices inched marginally lower on Monday, giving up its gains as the bullion was caught between a dip in the dollar and fears that the US Federal Reserve would start paring stimulus this year despite weak jobs data. The Fed may move to begin reducing its support for the economy next month
New Zealand Dollar trades mildly lower together with commodity currencies in quiet Asian session. Overall markets are mixed as Japan and Hong Kong stocks head lower, decoupling from the strong rebound in the US overnight. Dollar appears to be supported by the rise in treasury yields, with 10-year yield back above 1.5 handle. Yen is
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
Mumbai: The Securities and Exchange Board of India(Sebi) on Friday barred the National Commodity & Derivatives Exchange Limited (NCDEX) from launching any new mustard seed contract till further orders. The regulator has asked the agricultural commodity exchange not to allow any new position in respect of the running contracts but only squaring up of position.