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Domestic gold futures gave up initial gains on Tuesday but managed to hold the Rs 49,000 per 10 grams mark, as a stronger dollar overseas made the yellow metal less attractive for those holding other currencies. Investors awaited US inflation data for more clarity on interest rates in the world’s largest economy going forward. MCX
Swiss Franc jumps broadly in otherwise quiet markets today. Canadian Dollar is second strongest, then Dollar, but both are staying inside yesterday’s ranges. Sterling is currently the worst performing one, followed by New Zealand Dollar and then Yen. But the selling in the two are far from being clear. In other markets, Gold has a
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
LONDON: The London Metal Exchange said on Tuesday it will reopen its open outcry trading floor on Sept. 6, but added that it also believes electronic trading is the way forward. The floor was closed in March 2020 for the first time since World War II to allow for the social distancing needed to deal
Trading continue to be relatively subdued this week so far. While Dollar weakened overnight, losses were very limited. The greenback is indeed recovering mildly in Asian session. Australian Dollar also received little lift from strong business conditions data. Gold breached 1900 handle, but lacks the conviction to extend near term rebound. WTI crude oil also
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 declined by Rs 152 to Rs 48,107 per 10 gram in the national capital on Monday in line with weak global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 48,259 per 10 gram. Silver also tumbled Rs 540 to Rs 69,925 per kilogram from
The financial markets continue to be relatively mixed entering into US session. Aussie and Kiwi are currently the strongest one, together with Yen. On the other hand, Dollar and Euro are the weakest ones, together with Loonie. European indexes are trading mildly higher but upside is limited. Gold and oil are also struggling in tight
How are things shaping up ahead of the ECB later on Thursday? Expectations for a lively ECB meeting has died down quite a bit but tapering of PEPP purchases is still certainly on the table. I’ll try to make this as succinct as possible. There are only a few options that the ECB can work
NEW DELHI: Average spot power price has increased over 10 per cent in May to Rs 2.83 per unit compared to same month a year ago at (IEX) due to low base effect. The average market clearing price was Rs 2.57 per unit in day ahead market (DAM) in May 2020, as per the IEX
Markets are mixed in a quiet Asian session today, with little reaction to China’s trade data. Dollar is consolidating last week’s late lost but there is no apparent momentum for a rebound. On the other hand, Yen is mildly higher on sluggish stock markets in the region. Gold is struggling below 1900 handle as the
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
Oil is back on the boil after a small pause. In Mumbai, the price of petrol breached the Rs 101-a-litre mark at Rs 101.25 per litre. The fuel in the national capital crossed the Rs 95-per-litre mark. It is being sold for Rs 95.03 a litre, up from Rs 94.76 on Saturday. In Chennai and
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The rise since April is mostly wiped out There is an opportunity in Colombia as negotiations continue with protestors. The temperature in the situation looks to be falling as road blocks diminish. There was even a large counter protest in Bogota this week. USD/COP jumped at the outset of the unrest but it’s now threatening
MUMBAI: The National Commodity and Derivatives Exchange (NCDEX) on Saturday said it has posted an over three-fold jump in its Average Daily Turnover Value (ADTV) at Rs 2,139 crore in May, compared to the same month last year. In May 2020, NCDEX had posted an ADTV of Rs 588 crore after a complete pan-India lockdown
Major pairs and crosses are still bounded inside last week’s range as markets failed to take a decisive direction. While oil price continues to strengthen its rally, there is little reaction from Canadian Dollar so far. Stocks are also range bound while 10-year yield hover around 1.6 handle. Nevertheless, volatility might start to come back