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
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New Delhi: Gold in the national capital on Wednesday jumped Rs 159 to Rs 45,130 per 10 gram amid firm global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 44,971 per 10 gram. Silver also gained Rs 99 to Rs 61,250 per kilogram from Rs 61,151 per
Dollar drops notably in early US session after consumer inflation data. Headline CPI was steady while core CPI slowed a little. At least, inflation hasn’t been worsening from Fed’s “transitory rhetoric”. US stock futures also jump, probably on reduced concerns over monetary tightening. New Zealand and Australian Dollars are currently the strongest, followed by Swiss
Latest data from the Mortgage Bankers Association for the week ending 6 August 2021 Market index 754.8 vs 734.3 prior Purchase index 252.0 vs 247.5 prior Refinancing index 3,684.3 vs 3,571.3 prior 30-year mortgage rate 2.99% vs 2.97% prior A slight bump in mortgage activity after the drop in the previous week, with both purchases
NEW DELHI: Guar gum prices on Wednesday fell Rs 13 to Rs 7,529 per five quintal in futures market as traders offloaded their holdings in line with weak trend at spot market. On the National Commodity and Derivatives Exchange, guar gum for August delivery fell by Rs 13, or 0.17 per cent, to Rs 7,529
Dollar’s rally continues in Asian session today, in particular against Euro, Swiss Franc and Yen. Though, cautious comments from Fed Evans is not giving any particular boost elsewhere. Commodity currencies are still resilient, as supported by overall optimistic sentiment, with DOW closing at new record high. Main focus will now turn to US consumer inflation
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
The decline in gold prices in recent weeks was due to a combination of factors ranging from increasing cases of Covid-19, Delta variant cases, a dovish tone by US Fed on tapering, lower bond yields in the US and good non-farm payrolls data. Rising coronavirus cases across the United States and other countries fuelled fears
Gold trading is slim after Monday’s sharp selloff. Despite concerns over the delta variant, the precious metals lost their safe haven appeal as speculations over Fed’s early tapering escalated after the strong nonfarm payolls data. The front-month Comex gold contract slumped to a 4-month low of 1677.9 before settling at 1726.5 on Monday. The yellow
WTI crude oil moves up by a little over 2% to $68 in European morning trade The rebound in oil continues to take shape amid as buyers seek to build on a bounce of the support from the July lows in overnight trading. The 100-hour moving average @ $68.20 will be the next near-term resistance
By Clyde RussellLAUNCESTON: Gold suffered something akin to a flash crash in early Asian trade on Monday, and while the volatility was largely a result of thin, holiday-affected trade, the slump underscores the challenges facing the precious metal. Spot gold dropped as much as 4.4% in a short period when Asian trade started on Monday,
Dollar’s rally continued last week as supported by hawkish comments from Fed officials. Expectations for tapering this fall continued to build up. Swiss Franc is trading broadly lower, as the pull back against Euro accelerated. Meanwhile, Australian is also trading lower on poor business confidence data. Focus will turn to Germany economic sentiment first, with
ANZ Truckometer is a set of two economic indicators derived using traffic volume data from around New Zealand. ANZ use traffic flows in this indicator as a proxy for economic growth. Heavy vehicle index -1.1% m/m in July from +2% in June. Light vehicle index -0.8% ANZ comments on the New Zealand economy more generally:
New Delhi: Markets regulator Sebi on Monday tweaked the framework pertaining to margin benefits on “calendar spread” position in commodity futures contracts in a bid to increase liquidity in such contracts. In market parlance, calendar spread is a trading strategy which involves the buying of a derivative of an asset in one month and selling
Overall markets are mixed today, as Dollar is digesting some of last week’s gains, awaiting more guidance from FOMC members regarding tapering. New Zealand and Canadian Dollar are the stronger ones for now. But Australian Dollar is among the weakest together with Euro and Swiss France. Yen and Sterling is slightly firmer. Gold and silver
Not much going on in the FX space to kick start the new week The dollar was the top performer on Friday by some margin, owing to the stronger US jobs report at the time here. So far today, the greenback is steadier as major currencies are showing little appetite as European trading gets underway.
NEW DELHI: Gold kicked off the new week on a negative note. The yellow metal plunged over a per cent during the early trade on Monday in the domestic market, following global footsteps. The stronger-than-expected US job market report have dampened the sentiments for bullion. The dollar index rallied which affected the demand for precious
While the currency markets are rather quite, big surprise is found in gold price, which smashed to as low as 1684, hitting the lowest level since March. Silver also tumbled to as an eight-month low of 22.5. The move was, for certain, exaggerated by the ultra thin Asian morning. Yet, the near term bearishness is