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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 Friday at Rs 69,612 per 10 gram, which is down by 0.13% or Rs 92 while silver September futures contracts were trading at Rs 80,660/kg, up by 0.06% or Rs 47. The prices of gold have gained by Rs 650/10 gm in the last 2 days

The US stock market rebounded notably overnight, with all three major indexes closing higher. However, this positive momentum didn’t carry over to the Asian session, where major markets are trading mixed. Despite the gains in the US, the price actions this week still appear more corrective than not, indicating that selling pressure has only temporarily

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

August’s seasonal strength in gold might be influenced by some specific events this month, including US election developments, the Jackson Hole Symposium and Nvidia’s earnings call, even as the current equity rout is playing out in favour of gold, according to World Gold Council (WGC). In its gold market commentary released on Thursday, WGC said,

Forex trading continues to be subdued today, with Dollar gaining slightly in the early US session after better-than-expected jobless claims data. This data is particularly crucial as market participants are closely monitoring employment figures following the triggering of the Sahm Rule, which signals potential rapid employment deterioration leading to a recession. However, so far, there

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 Thursday at Rs 68,860 per 10 gram, which is up by 0.15% or Rs 105 while silver September futures contracts were trading at Rs 79,019/kg, up by 0.15% or Rs 119. In this week so far, the prices of gold have fallen by Rs 1,000/10 gm

The financial markets are relatively quiet in Asian session today, with major currency pairs and crosses trading within yesterday’s range. BoC’s summary of deliberations suggested that the central bank is on track for further policy loosening. Meanwhile, BoJ’s summary of opinions indicated the board is preparing for more rate hikes. Comments from RBA’s Governor reiterated

We haven’t heard much from Steve Mnuchin since the Trump administration ended but the former Treasury Secretary and Hollywood financier is in the news today. He says that the US should drop the 20-year bond that he introduced. A look at the yield curve today shows why: 10 year 3.95% 20 year 4.33% 30-year 4.24%

Oil prices crept higher on Wednesday, though Brent still languished near seven-month lows, pressured by concerns over weak demand and fears of recession in the United States. The threat of conflict escalating in the Middle East and endangering oil production has supported prices since Tuesday. Brent crude futures were up 45 cents, or 0.6%, to

News flow has been slow today, with only second-tier economic data coming out of Europe and no major releases from the US. Some attention is turning towards Canada, where BoC is set to release its summary of deliberations from the July 24 meeting, which resulted in the second rate cut in a row. Despite Governor

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 Wednesday at Rs 68,752 per 10 gram, which is down by 0.31% or Rs 213 while silver September futures contracts were trading at Rs 79,433/kg, down by 0.24% or Rs 190. In this week so far, the prices of gold have fallen by Rs 1,000/10 gm

New Zealand Dollar surged strongly today following much better than expected Q2 employment data.. Speculations of an early rate cut by RBNZ next week now seem exaggerated. Major banks still expect RBNZ to start easing monetary policy this year, with consensus pointing to the November meeting. However, there’s still a possibility that RBNZ could signal

Nasdaq daily I’ve been closely watching bitcoin today as a barometer for sentiment and a pre-cursor to moves in equities, particularly in the Nasdaq. Earlier, we saw a jump in BTC to $57,000 and that optimism is bearing out in stocks. Big winners include some of the biggest losers yesterday, particularly chipmakers. Nvidia is up

Oil prices dipped lower in volatile trade on Tuesday, as a weak demand outlook after a global sell-off in markets on Monday countered price support from fears of an escalation in the Middle East conflict, and a drop in Libyan production. Brent crude futures were down 41 cents, or 0.54%, to $75.89 a barrel at

Dollar is showing broad but mild strength today as global financial markets stabilize after recent turmoil. The stock market rebound, including a notable 10% surge in the Nikkei, appears to be driven by short covering rather than a sustained recovery. Despite the temporary calm, the risk of another round of sell-offs remains, but with some