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Goldman Sachs is out with a note today highlighting downside inflation pressures from oil. I’ve been writing about this for awhile, noting that oil is trading more than $20 below where it was at this time last year, adding a powerful drag for crude. Looking out further, Goldman Sachs sees continued low prints and heading

The festive season in India combines cultural celebration and economic activity, significantly driving growth, especially between August and December. Historically, indices like Nifty have shown positive momentum during this period. This trend continues this year too, supported by strong financial inflows and strategic government policies, including increased capital expenditure of Rs. 11.11 trillion (3.4% of

Forex market activity was relatively subdued during European trading hours, with Euro recovering against both Sterling and Swiss Franc despite lower-than-expected inflation reading from Germany. However, the common currency continues to face resistance in breaking out of its range against Dollar. Markets will keep a close eye on ECB President Christine Lagarde, who is set

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

CSI 300 index weekly chart 🔥 Chinese stocks are sizzling and it has been a while since we’ve seen such an upturn in sentiment in the region. After the over 15% gains last week, the CSI 300 index is up over 6% now at the lunch break. As seen with the chart above, the run

Gold ticked up on Monday and was on track for its fourth straight quarterly gain, buoyed by hopes of another large U.S. rate cut and rising Middle East conflict, while investors awaited comments from Federal Reserve Chair Jerome Powell. FUNDAMENTALS * Spot gold rose 0.2% at $2,662.3 per ounce, as of 0036 GMT. Bullion closed

Gold December futures contracts at MCX opened flat today at Rs 75,942 per 10 gram, which is up by 0.3% or Rs 224 while silver December futures contracts were trading at Rs 91,569/kg, up by 0.19% or Rs 171. On Friday, gold and silver settled on a weaker note in the domestic as well as

Asian financial markets are displaying significant divergence today. Japan’s Nikkei index has plummeted over -4%, reacting sharply to the ruling Liberal Democratic Party’s election results from last Friday. Shigeru Ishiba, the newly elected LDP leader and Japan’s incoming Prime Minister, attempted to soften his previously hawkish stance on the BoJ monetary policy during a interview

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

Speaking on the occasion, Manish Sarda, Chairman, IFAPA, said, “India is the largest exporter of manganese alloys and the third-largest exporter of ferrochrome. However, the industry’s global standing and foreign exchange generation potential is constrained due to high domestic power prices compared to other exporting geographies, tariffs on key imports, etc. For instance, the current

Unexpected developments from Asia significantly influenced global financial markets last week. China’s surprise stimulus measures invigorated investor sentiment, leading to substantial gains in Chinese and Hong Kong equities, as well as strengthening Chinese Yuan. This positive shift boosted commodity-linked currencies, with New Zealand Dollar and Australian Dollar emerging as the top performers for the week.

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

Fueled by China’s stimulus, beginning of the Fed’s easing cycle, and rising industrial demand, silver prices have touched fresh record highs above Rs 94,000-mark with experts now predicting a climb to Rs 1 lakh/kg by late 2024 or early 2025. With buying momentum remaining strong in international markets as well for the past few weeks,

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

. Continuing a firm momentum for the third straight session, gold prices rose Rs 50 to hit a fresh high of Rs 78,300 per 10 grams, according to the All India Sarafa Association. On Thursday, the precious metal had finished at Rs 78,250 per 10 grams. Silver also jumped Rs 500 to Rs 94,500 per

Risk-on sentiment returned to global markets again in early US trading, driven by lower-than-expected inflation data. While annual PCE core inflation edged up to 2.7%, the monthly increase was a modest 0.1%. This tamer monthly inflation growth suggests that underlying price pressures would, at least, not obstruct Fed’s to another aggressive rate cut at its

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

Aims to accelerate incumbent prime minister Kishida’s new capitalism pledge Will consider appropriate timing for lower house election Revitalising consumption is key for Japan to emerge from deflationary spiral Must scrutinise what will be the most effective step to cushion blow from rising inflation There is a time lag for wage growth to exceed inflation