Risk aversion seems to have eased a bit today, with recoveries seen in European markets and US futures. Yen and Dollar have both turned into sideway consolidations. But no clear support is seen in Aussie and New Zealand, as both remain under pressured. Meanwhile, Swiss Franc and Canadian Dollar are taking the lead and strengthen
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iFX EXPO International takes place Oct 4-6 in Limassol, Cyprus iFX EXPO International, Cyprus is set to be a headline show in the fintech and finance calendar. And the show just got even more exciting. We are delighted to announce that Mr George Theocharides, Cyprus Securities and Exchange Commission’s new Chairman, will open the first
New Delhi: Gold in the national capital on Tuesday was marginally down by Rs 3 to Rs 45,258 per 10 grams inline with weak global precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 45,261 per 10 grams. Silver gained Rs 40 to
Risk sentiment appears to have stabilized in Asia a bit. The steep fall in Nikkei was just a post-holiday catch up. Yen and Swiss Franc are digesting gains but remain the strongest for the week. Sterling is indeed the worst performing so far, worse than even commodity currencies. Selling in European crosses is clearly weighing
What to look for Tomorrow will see the FOMC meeting and here are some of the key factors to consider going into the event. First of all where are we at regarding tapering? Last jobs print means a September taper is highly unlikely The August jobs print came in +500k below expectations at +235K vs
TOKYO: Oil prices rose on Tuesday as analysts pointed to signs of US supply tightness, ending days of losses as global markets remain haunted by the potential impact on China’s economy of a crisis at heavily indebted property group China Evergrande. Brent crude gained 52 cents or 0.7% to $74.44 a barrel by 0212 GMT,
Markets are generally in deep risk-off mode today, as China property fears spread from Hong Kong stocks to European to US. Yen remains the strongest one as rally extends, which Swiss Franc is trying to catch up. Dollar is is losing some ground but stays much better than others. Canadian Dollar is currently the worst
USD/CAD continues to unwind. AUD/USD flat US equities are re-testing the opening levels but other markets are showing more confidence. The S&P 500 is down 71 points to 4360 and that’s just 4 points from the spike-low at the open. Meanwhile, the FX market is showing a bit more optimism. USD/CAD is at 1.2803 after
NEW DELHI: Guar seed prices on Monday went down by Rs 175 to Rs 5,800 per 10 quintal in futures trade. On the National Commodity and Derivatives Exchange, guar seed contracts for September delivery was trading at Rs 5,800 down by Rs 175, or 2.83 per cent per 10 quintal with an open interest of
Economic developments since the last meeting have raised concerns of “stagflation” in the UK, i.e. slow growth with strong inflation. As the main constraint to growth is supply chain, we do not expect this to derail BOC’s monetary policy stance. We expect the central bank to vote unanimously to leave the Bank rate unchanged at
The fallout from China is reverberating across the market This may yet just be the beginning and the real fear for the market is that contagion risks may be much wider and deeper than what is being sensed at the moment. It all depends on how far China is willing to go in making an
NEW DELHI: Gold prices declined on Monday, hitting multi-week lows. Markets are closely watching the US Federal Reserve meeting this week for clues on when the central bank will start tapering its crisis-era stimulus measures. Gold futures on MCX were marginally down 0.09 per cent, or Rs 41, at Rs 45,945 per 10 gram. Similarly,
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Plenty of bravado out there On the one side, there’s an army of China alarmists warning that Evergrande’s looming default is a Lehman moment for China’s property market. On the other, there are those brushing it aside, confident that China will bail out whoever needs bailed out and keep the economy strong no matter what.
Dollar and Yen were the runaway leaders in the forex markets last week. While Fed is not quite likely to announce tapering this week, recent solid data argues that November would finally be the date. Stocks in US and Europe have been losing much upside momentum as central banks are starting to prepare for slowing
When does the selling stop We now have a pattern of equity selling at the open in 8 of the past 10 trading days. The next question to ask is, when does the selling stop? There’s also a clear pattern of roughly when the dip buyers return. Time of the daily lows since Sept 3,
Gold prices were set for a second weekly loss as a firmer dollar dented the metal‘s allure for holders of other currencies while investors await a key US Federal Reserve meeting for clues on how soon the central bank will start to taper stimulus. FUNDAMENTALSSpot gold was flat at $1,754.86 per ounce, as of 0037
Since the Jackson Hole symposium and the FOMC minutes, the pandemic has worsened in the US, while economic growth appears to be losing steam. These suggest that all monetary policy measures will stay unchanged with asset purchases staying at US$120B per month and the Fed funds rate target at 0-0.25%. We don’t expect any breakthrough