NEW DELHI: Gold prices were little changed on Wednesday, moving mildly higher. The precious metal was caught between a firmer dollar and safe-haven demand driven by the Delta coronavirus variant fears. Gold futures on MCX were up 0.21 per cent, or Rs 98, at Rs 47,378 per 10 gram. Silver futures gained 0.34 per cent,
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To everyone’s surprise, the RBNZ left the OCR unchanged at 0.25% in August. The decision was made in light of the renewed New Zealand’s lockdown after a report of one coronavirus case. Policymakers, however, maintained a hawkish stance, suggesting that the next policy decision would be tightening. Meanwhile, the Funding-For-Lending program (FLP) also stayed unchanged
Modest bounce in the New Zealand dollar Today’s NZD trade is a unique one. The game-changing news of 5 covid cases in New Zealand came a day ahead of the decision and argues for a wait-and-see attitude. Hiking now only to see cases get out of control and a longer nationwide lockdown would look foolish.
NEW DELHI: Gold prices were flat on Tuesday, hovering near a one-week peak. The yellow metal saw a surge in demand amid rising delta variants and geopolitical tension in Asia. Gold futures on MCX were marginally up 0.01 per cent, or Rs 7, at Rs 47,232 per 10 gram. Silver futures gained 0.23 per cent,
Souring risk sentiment continues to support Swiss Franc and Yen today, while Dollar is also trying to catch up. Commodity currencies are still the weakest ones. In particular, New Zealand Dollar tumbles on talks that RBNZ could refrain from delivering the highly anticipated rate hike tomorrow, as the country returned to pandemic lockdown. Fresh selling
Risk sentiment remains more dour on the day Delta variant concerns have been a key driver of sentiment since Friday and New Zealand entering a nationwide lockdown today only adds to the recent woes, with Japan also officially extending (and expanding) state of emergency measures. S&P 500 futures are down 0.4% while 10-year Treasury yields
New Delhi: Gold prices in the national capital rallied by Rs 446 to Rs 46,460 per 10 grams on Tuesday, with recovery in global precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had ended at Rs 46,014 per 10 grams. Silver also gained Rs 888 to
Commodity currencies remained generally pressured in Asian session today. While DOW and S&P 500 managed to reverse initial losses to close at new record highs, there is no follow through risk-on sentiment in Asia. Canadian Dollar is additionally weighed down with WTI crude oil dipping below 68 handle. Aussie is getting not particular support from
This chart is a gem Here’s the 30 minute chart of the cash S&P 500 index. You can see the big drop at the open today, some choppy trading for the next hour and then utterly relentless buying. It’s the kind of pattern we’ve seen play out so many times, though not always as picturesque
LONDON: Oil fell by over 3 per cent on Monday to a one-week low, dropping for a third session after official data showed refining throughput and economic activity slowed in China, an indication that COVID-19 outbreaks are crimping the world’s second-largest economy. Brent crude was down $2.21, or 3.1 per cent, at $68.38 a barrel
Risk aversion is a main theme today, on situation in Afghanistan, poor China data, and spread of Delta virus. Yen and Swiss Franc rise broadly, and to a lesser extent followed by Dollar. Commodity currencies are all in red, in particular with Aussie pressured by increasing pandemic restrictions. On the other hand, Euro and Sterling
Daily thread to exchange ideas and to share your thoughts The bond market is having a bit of a rethink, keeping with the turn in the mood since Friday and that is the key spot to watch in FX to start the new week. The drag on yields sank the dollar at the end of last week
Risk tones remain more defensive but not quite as much as earlier in the day A snapshot of the risk barometers in the market reveals that the softer risk sentiment is still prevailing but things are slightly calmer in European trading so far: 10-year Treasury yields down 2.2 bps to 1.275%; low hit 1.248% WTI
Risk tones continue to stay on the defensive US futures looked to have calmed down a little mid-way through European morning trade but are now pulling back lower again as we’re about 30 mins from London midday. S&P 500 futures are down to the lows for the day with Nasdaq futures and Dow futures also
NEW DELHI: Gold prices held near a week’s high level on Monday. A plunge in US consumer sentiment allayed some concerns of an early tapering by the Federal Reserve. Gold futures on MCX were marginally up 0.08 per cent, or Rs 37, at Rs 46,977 per 10 gram. Silver futures shed 0.09 per cent, or
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Yen rises broadly in Asian session on a couple of risk off factor, all linked to the pandemic. The set of weaker than expected data from China suggested that recovery is losing much momentum as the coronavirus is back. Japan reported surge in infections while Australia is also back in tighter restrictions. Commodity currencies tumble