New Delhi: Gold in the national capital on Wednesday plunged Rs 226 to Rs 45,618 per 10 grams in line with a decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 45,844 per 10 grams. Silver also tumbled Rs 462 to Rs 59,341
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The markets are back on risk-off mode again today, while major global treasury yields trade higher. Stronger than expected ADP job data provides little support to over sentiment. Yen is leading the way higher, followed by Dollar and Swiss Franc. On the other hand, despite RBNZ delivering the expected rate hike, New Zealand Dollar is
Latest data released by Markit/CIPS – 6 October 2021 UK construction activity growth eased further once again in September, with output volumes seen rising at its smallest extent in eight months. Supply and capacity constraints remain the biggest issue, also leading to a surge in cost inflation. Markit notes that:Invest in yourself. See our forex
NEW DELHI: Gold prices inched lower on Wednesday in the domestic market, following global cues. A firmer dollar and rise in Treasury yields weighed on the precious metal’s appeal. Investors focused on US non-farm payrolls data due later this week, which would be crucial to the Federal Reserve’s timeline for tapering economic support. Gold futures
The RBA left the cash rate unchanged at 0.1%, and asset purchases at AUD 4B/month, in October. Despite sharp rise in housing prices, policymakers chose to stick with ultra-easy monetary policy in order to achieve the inflation target and full employment. The central bank remained cautiously optimistic about the economic outlook. Policymakers acknowledged that “the
Forex news for North American trading on October 5, 2021: Markets: WTI crude oil up $1.56 to $79.18 European TTF gas prices +21.5% US Henry Hub natural gas +8.9% to highest close in 12 years S&P 500 up 45 points to 4345 US 10-year yields up 5.2 bps to 1.532% GBP and CAD lead, JPY
LONDON/MOSCOW: WhatsApp‘s nearly six-hour long outage on Monday hit trading of assets from cryptocurrencies to Russian oil, market players said, although a quick shift to alternative platforms such as Telegram limited severe disruption. Despite many financial institutions discouraging employees from using messaging services such as WhatsApp and other Facebook platforms that went down on Monday,
Market sentiment is stable today, with European index trading mildly higher while US futures point to a rebound. But overall direction remains rather unclear. Sterling is currently the stronger one, with additional help from buying against other European majors. Kiwi is also firmer, awaiting tomorrow’s RBNZ rate hike, followed by Dollar. On the other hand,
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NEW DELHI: Gold prices eased on Tuesday as the dollar rose but kept the bullion close to a week’s high. Rising energy prices may dampen economic activities and dent appetite for riskier assets. Gold futures on MCX eased 0.18 per cent, or Rs 83, to Rs 46,804 per 10 gram. Silver futures were also down
While some selling pressure is seen in Asian stocks, the forex markets are relatively steady. Canadian Dollar is currently the stronger one, followed by Yen. Sterling is the softer one, followed by Swiss France, Euro and Dollar. Overall risk sentiment will continue to drive the markets this week and hence we’ll have some attention on
This crisis might just be getting going A month ago, no one was talking about the brewing energy crisis in Europe and elsewhere but we were. Now talk about energy is everywhere but that doesn’t mean it’s peaked. Here’s how power prices looked on Sept 14 in Europe: Here’s how they look today: Spare a
FRANKFURT: Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November. The decision Monday by the Vienna-based oil cartel tracks with its established schedule of adding back that amount of oil every
Swiss Franc is the winner so far today, as Dollar and Yen pare back some of last week’s gains. Meanwhile, Euro is also soft after poor investor confidence data. On the other hand, New Zealand Dollar is following closely as second strongest, on anticipation of RBNZ rate hike later in the week. Other currencies are
Dollar pairs keep within 10 pips of one another Even with equities leaning slightly softer, the risk mood is looking rather indecisive after a bit of back and forth towards the tail-end of Asia Pacific trading. With Treasury yields keeping a little higher, that is offering some mixed sentiment for currency traders to work with
NEW DELHI: Gold and silver futures were flat on Monday as a weaker dollar offset bets that the US Federal Reserve could begin tapering its pandemic-era asset purchases soon. The dollar index dropped to its lowest since September 29, making gold cheaper for buyers holding other currencies. Gold futures on MCX were up 0.06 per
Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week! As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come on online … prices are liable to swing around on not too much at all, so