New Delhi: Gold in the national capital on Friday rose Rs 50 to Rs 45,959 per 10 grams amid gain in international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 45,909 per 10 grams. Silver in contrast dipped by Rs 922 to
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AUD/CAD is trading at 0.9111 MUFG Reserach recommends selling AUD/CAD in its weekly FX pick. They sell from spot with a target at 0.8850 and a stop at 0.9350. “We are recommending a long CAD/AUD trade idea to reflect the widening divergence between the BOC and RBA monetary policies. We expect the BOC to announce
Petrol and diesel prices were hiked across the country for the fifth consecutive day on Saturday, ranging from 26 paise to 35 paise. In Delhi, the petrol price was hiked by 30 paise per litre, taking it to Rs 104.23. In Kolkata, the price of diesel as of Saturday is 95.58 per litre, up by
Following strong rally in US stocks and treasury yield overnight, Yen is trading broadly lower today, together with Swiss Franc. Yen is also the worst performing one for the week, followed by Euro. On the other hand, Canadian Dollar is the winner for the week, followed by Aussie. Focus will turn to US job data
Forex news for North American trade on Friday, October 8: Markets: Gold up $1 to $1756 US 10-year yields up 3.6 bps to 1.606% WTI crude oil up $1.19 to $79.49 S&P 500 down 8 points to 4391 CAD leads, JPY lags The jobs report put a focus on the US dollar and the initial
Physical gold rates in India flipped to a discount for the first time in over two months this week as a rise in local prices curbed demand, while buying in China was expected to pick up after the Golden Week holiday. Dealers in India offered discounts of up to $2 an ounce over official domestic
Dollar tumbles in US session after another huge non-farm payroll miss. On the other hand, Canadian Dollar surges notably after solid employment data. As for the week, the Loonie is now in a pole position to end as the strongest. Yen is still the worst performing, but we’d see if Dollar would over take its
Not a whole lot going on in the major currencies space Besides the action in the bond market and the yen (↑), there isn’t much else happening as equities are also keeping more muted on the session thus far.Invest in yourself. See our forex education hub. The dollar is holding mild gains against the likes
NEW DELHI: Gold prices edged higher on Friday but were stuck in a narrow range. Investors moved to the sidelines ahead of a US payrolls report that is expected to provide clues on the Federal Reserve’s tapering timeline. Gold futures on MCX were higher 0.16 per cent, or Rs 75, at Rs 46,902 per 10
Overall markets continue to be rather mixed for now. Commodity currencies rally in Asian session, as led by Aussie, following rebound in the stock markets. On the other hand, Dollar is turning softer again, together with Yen. Euro’s weakness is the more persistent development this week, in particular against other European majors. Trading today might
Forex news for North American trade on October 7, 2021: Markets: Gold down $7 to $1755 US 10-year yields up 4.5 bps to 1.57% WTI crude up $1.40 to $78.83 S&P 500 up 36 points to 4399 AUD leads, JPY lags It was looking like a bit of a dud day ahead of non-farm payrolls
New Delhi: Gold in the national capital on Thursday rose by Rs 65 to Rs 46,012 per 10 gram in line with a jump in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 45,947 per 10 gram. Silver also gained Rs 490 to Rs
Selloff in Euro remains the main theme in slow markets today. Return of risk appetite is also weighing down Dollar and Yen. On the other hand, commodity currencies are generally strong, with Aussie having an upper hand over Kiwi and Loonie. Sterling is mixed for now, partly supported by buying against European majors. While stocks
NEW DELHI: Following global markets and a firm dollar, gold prices inched lower on Thursday in the domestic market. Investors moved to the sidelines ahead of a US payrolls report that is expected to provide clues on the Federal Reserve’s tapering timeline. Gold futures on MCX eased 0.11 per cent or Rs 53 at Rs
It all comes down to a bet on the weather Russia came to the rescue yesterday as they quelled the surge in European energy prices, prompting speculative bets to cool off after the stratospheric rise in recent weeks. The surge higher has been an unsettling one and whether justified or not from a fundamental perspective,
For the first time in 7 years, the RBNZ increased the OCR by +25 bps to 0.5% in October. Policymakers pledged to tighten further in coming months as inflation pressure continues to exceed target. Policymakers remained hopeful about the economic outlook, suggesting that easing of pandemic-related restrictions could help return growth momentum. On economic developments,
Forex news for North American trading on October 6, 2021 Coming into the New York trading day, stocks were sharply lower erasing the gains from yesterday. Yields were higher, and energy prices had moved to a new cycle highs. There was a strong move into the relative safety of the US dollar, JPY and CHF, and a