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TD is wary of gold, saying that their data on macro positioning data in gold appears to be flashing warning signs. model suggests gold positioning is statistically consistent with 370bps of Fed rate cuts, a fairly extreme level Commodity trading advisors (CTAs) are “max long” gold, and positioning in Shanghai has reverted to record highs

Gold prices remained flat at Rs 74,150 per 10 grams in the national capital on Wednesday, according to the All India Sarafa Association. The yellow metal of 99.9 per cent purity had jumped Rs 1,400 to settle at Rs 74,150 per 10 grams in the previous session on Tuesday. However, silver prices declined Rs 150

The forex markets are experiencing a lull today, with little movement in the absence of significant economic releases during European and early US sessions. The much-discussed non-farm payroll revision and the release of FOMC minutes later today are unlikely to spark significant volatility. Instead, markets are likely to remain subdued until tomorrow’s PMI data from

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 your initial investment; do not

Amid the weakness in the dollar index and robust Chinese demand, gold October futures contracts at MCX opened flat on Wednesday at Rs 71,862 per 10 gram, which is up by 0.12% or Rs 85 while silver September futures contracts were trading at Rs 84,892/kg, up by 0.19% or Rs 162. Gold prices have surged

Dollar remains under broad-based selling pressure, with markets likely to keep this trend until Fed Chair Jerome Powell delivers his speech at the Jackson Hole Symposium on Friday. While today’s events, including the non-farm payroll revision and the release of FOMC minutes, warrant some attention, they are unlikely to cause significant market shifts. The US

A note from JP Morgan argues that the recent volatility spike has dealt a major blow to the FX carry trade, which had been the dominant FX strategy over the past 12-18 months. JPM point to unwinding of carry trades, first triggered by the MXN sell-off post-elections and then accelerated by the sharp JPY rally,

Gold prices saw the sharpest gain in the past one month and rallied by Rs 1,400 to touch Rs 74,150 per 10 grams in the local market on Tuesday, amid strong global cues. The precious metal had closed at Rs 72,750 per 10 grams in the previous session on Friday. Silver price also climbed by

Canadian Dollar has come under broad pressure in the early US session following the release of the latest inflation data, which showed a further slowdown in inflation, with headline CPI fell to a 40-month low and core measures also easing. This set of data has strengthened market’s expectation that BoC would deliver its third rate

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 your initial investment; do not

Gold October futures contracts at MCX opened flat on Tuesday at Rs 71,513 per 10 gram, which is down by 0.1% or Rs 71 while silver September futures contracts were trading at Rs 84,426/kg, up by 0.1% or Rs 88. In the last 3 days, the prices of gold have gained nearly Rs 1,400/10 gm

Dollar continued its decline overnight as risk-on sentiment prevailed, with S&P 500 and NASDAQ notching their eighth consecutive positive session. Investor optimism has been buoyed by recent economic data suggesting that the US economy is on track for a soft landing, sidestepping a recession. However, it’s important to remember that despite the recent gains, major

Markets: Gold down $4 to $2503 US 10-year yields down 2 bps to 3.87% WTI crude oil down $2.13 to $74.52 S&P 500 up 1.0% AUD leads, USD lags It was one of the quietest days of the year in terms of news flow (maybe the quietest) but that didn’t slow the market moves as

Oil eased on Monday, with global benchmark Brent holding below $80 a barrel, as concern over demand in top oil importer China weighed on market sentiment, offsetting risks to supply in the Middle East. On Thursday, data from China showed its economy lost momentum in July, with new home prices falling at the fastest pace

Dollar continues to face broad-based selling pressure as the markets move into US session. Fed Governor Christopher Waller is set to speak, but he is expected to maintain his consistent view that Fed is nearing a rate cut while the economy remains on track for soft landing. The market’s primary focus, however, is squarely on

The thing about this week is that there won’t be as much key risk events on the calendar as last week. And that means market players will not have too much to work with for the time being. Fedspeak is the main thing to be mindful about, as traders digest the key US data from

Gold prices eased on Monday, but hovered around historic $2,500 level, as traders locked in profits following bullion’s climb to an all-time peak in the previous session on expectations of a U.S. interest rate cut next month. Spot gold was down 0.2% at $2,503.10 per ounce, as of 0724 GMT, and U.S. gold futures edged

Yen is showing broad-based strength in today’s Asian session, particularly against the generally weakening Dollar. This move has also put pressure on the Nikkei, which turned lower as Yen gained momentum. While there’s no clear catalyst for these movements, it appears that Yen’s recent pullback may have run its course. Meanwhile, Dollar continues to extend