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The decline in total activity eases for another month but it is still at relatively depressed levels. Employment conditions continued to fall as firms remain more pessimistic about the outlook for the sector, even more so than in June. HCOB notes that: “The most positive thing that can be said about these figures is that

Gold October futures contracts at MCX opened flat on Tuesday at Rs 69,302 per 10 gram, which is down by merely 0.01% or Rs 7 while silver September futures contracts were trading at Rs 79,705/kg, up by 0.13% or Rs 107. In the last 2 days, the prices of gold have fallen by Rs 500/10

The financial markets continued to see extreme volatility. DOW dropped by over -1000 points overnight, but the global rout seems to have paused for now. Nikkei staged a dramatic 10% rebound in early trading after yesterday’s history plunge of -12.4%. However, this recovery was not mirrored by other Asian markets. Investor sentiment remains fragile, with

It’s almost 10 pm in Tel Aviv and eyes are on the Middle East where they will stay in the overnight hours. There have been many leaks suggesting that Iran will attack Israel imminently. Most expect something similar to the last round of drone attacks, which were mostly shot down and none resulted in any

Gold October futures contracts at MCX opened flat on Monday at Rs 70,150/10 gram, which is up by 0.52% or Rs 361 while silver September futures contracts were trading at Rs 83,100/kg, up by 0.74% or Rs 607. In the last one week, the prices of gold have gained Rs 1,550/10 gm while silver has

Global stock markets are in crash mode today, beginning with the massive historic -12.4% decline in Nikkei. Major European indexes are also trading deeply in the red, with losses around -3%, though these are overshadowed by the severe drop in Japan. Concurrently, DOW futures are down over -1100 points, with S&P 500 futures down -4.4%

We went from pricing in six rate cuts in November last year, to delaying the first rate cut from March to May. And then to pricing in just one rate cut by the time May arrived. We then bounced between that and two rate cuts over the last few months, before suddenly going back to

Oil prices fell on Friday, with Brent settling at its lowest since January, after data showed the U.S. economy added fewer jobs than expected last month and weak Chinese economic data added pressure. Brent crude futures settled down $2.71, or 3.41%, to $76.81 a barrel. U.S. West Texas Intermediate crude futures settled down $2.79, or

The global market turmoil showed no signs of easing as the week began, with Japanese stocks taking a severe hit during Asian session. Both the Nikkei 225 and Topix indices plunged by as much as nearly -10%, marking a -20% drop from their all-time highs on July 11. This selloff extended to the cryptocurrency market,

UPCOMING EVENTS: Monday: China Caixin Services PMI, Eurozone PPI, US ISM Services PMI, Fed’s SLOOS. Tuesday: Japan Average Cash Earnings, RBA Policy Decision, Swiss Unemployment Rate and Retail Sales, Eurozone Retail Sales, Canada Services PMI. Wednesday: New Zealand Labour Market report, BoC Minutes. Thursday: BoJ Summary of Opinions, US Jobless Claims. Friday: China CPI, Canada

Gold prices retreated on Friday as profit-taking kicked in after bullion jumped over 1% earlier in the session on hopes of rate cuts buoyed by weaker than expected U.S. jobs data. Spot gold fell 0.5% to $2,432.19 per ounce as of 2:34 p.m. ET (1834 GMT). U.S. gold futures settled 0.4% lower to $2,4769.8 However,

Nasdaq weekly This is a good spot for a bounce in many things. There are many times when the strong hands in the market would step in here; the economy isn’t that bad, there’s no financial crisis and companies are still making money. Yes, the Fed is behind the curve but they have more ammunition

Oil prices fell on Friday, settling at their lowest since January after data showed the U.S. economy added fewer jobs than expected last month, and weak Chinese economic data added more pressure. Brent crude futures settled down $2.71, or 3.41%, to $76.81 a barrel. U.S. West Texas Intermediate crude futures settled down $2.79, or 3.66%,

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

Tax! Tax! Tax! Everybody in town is talking about the hike in long-term capital gains (LTCG) & short-term capital gains (STCG) and their impact on the portfolio. But let me remind you, still many people in the market are lured by quick profits and are of the view that actively trading can help them generate

The financial markets were marked by significant turbulence this last week again, dominated by risk aversion.  Evidence are surfacing that the US economy is heading for a recession, or even hard landing. Speculation is mounting that Fed might be compelled to implement aggressive rate cuts, totaling 75 basis points or even a full percentage point

Spot gold closed with a loss of 0.23% at $2440 on Friday. However, the metal was up 2.30% on the week, a data and event packed week, as the US yields and the Dollar Index pummeled on the economic concerns. In Friday’s session, initially, spot gold surged on a weak non-farm payroll report and came