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The US dollar has strengthened against the euro due to slowing growth momentum outside the US, with key economic indicators from China and the euro-zone showing signs of weakening. This has contributed to the USD’s recent rebound. Key Points: USD Strengthening: Euro Weakness: The euro has weakened against the USD, approaching the 200-day moving average

Oil prices slipped in early Asian trading on Tuesday, extending losses from the previous session, over concerns about Chinese demand and as the market shrugged off the risk of conflict escalating in the Middle East. Brent crude oil futures fell by 12 cents or 0.15% to $79.78 a barrel by 0033 GMT. U.S. crude futures

Overall trading in the forex markets remained relatively subdued today. Dollar continues to hold the top position, despite the absence of clear follow-through buying momentum. Investor caution is also evident in US stock futures, which are moving within a tight range. Any movement in the US markets is likely to be temporary today, as traders

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

Precious metals opened flat in today’s session with gold August futures contracts at Rs 68,272 per 10 gram, which is up by merely 0.01% or Rs 4 while silver September futures contracts were trading at Rs 81,450/kg, up by 0.2% or Rs 163. Gold prices have recovered by nearly Rs 900 from its low of

Dollar remains firm against European majors in relatively quiet trading today. Despite slightly better-than-expected GDP data from France, Euro has not gained significant support. While today’s Eurozone GDP and tomorrow’s CPI flash are important, they are unlikely to cause substantial movements in Euro. Traders’ attention is firmly on tomorrow’s FOMC rate decision and the accompanying

Dallas Fed Details: General business activity -17.5 vs -15.1 prior Company outlook -18.4 vs -6.9 prior Prices paid +23.1 vs +21.5 prior New orders -12.8 vs -1.3 prior Shipments -16.3 vs +2.8 prior Employment +7.1 vs -2.9 prior Overall, the details and the commentary are notably worse than the headline. I wonder if Hurricane Beryl

Gold prices firmed on Monday amid expectations of a U.S. rate cut in September and rising geopolitical tensions in the Middle East, while focus shifted to the Federal Reserve‘s policy meeting due later this week. FUNDAMENTALS * Spot gold was up 0.5% at $2,397.65 per ounce, as of 0025 GMT. U.S. gold futures climbed 0.7%

Dollar’s rally is gaining significant traction today, as major European currencies face increasing selling pressure. The break of last week’s lows in both EUR/USD and GBP/USD pairs suggests that the greenback’s rise is poised to extend further in the near term. However, the sustainability of this rally will largely depend on market reactions to critical

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 August futures contracts at MCX opened flat on Monday at Rs 68,160 per 10 gram, which is down by merely 0.04% or Rs 26 while silver September futures contracts were trading at Rs 81,700/kg, up by 0.4% or Rs 329. The prices of gold have fallen by Rs 3,400/10gm in July so far while

Trading in the forex markets has been notably subdued during the Asian session today, even as major Asian stock indexes showed strong rebounds. This muted activity in currency trading is not surprising given that it’s a typical Monday, coupled with an ultra light economic calendar. However, significant volatility is anticipated later in the week with

The US stocks have closed the week with gains on the day. The S&P and the Nasdaq remain lower on the week. The Dow and the small-cap Russell 2000 closed higher with the Russell 2000 the best performer on the rotation on hopes lower rates would help those companies going forward. The final numbers are

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Mumbai: Shares of gold jewellery retail chains advanced up to 6% on Wednesday after the government proposed a cut in import duty on gold and silver in the budget. Analysts said the move aimed at curbing illegal imports of gold would benefit domestic jewellers, especially the large organised ones. Shares of Kalyan Jewellers were the

UPCOMING EVENTS: Monday: US Treasury Refunding Financing Estimates. Tuesday: Japan Unemployment Rate, Eurozone Flash Q2 GDP, US Job Openings, US Consumer Confidence. Wednesday: Japan Industrial Production and Retail Sales, Australia CPI, Chinese PMIs, BoJ Policy Decision, Eurozone Flash CPI, US ADP, Canada GDP, US ECI, US Treasury Refunding Announcement, FOMC Policy Decision. Thursday: China Caixin

Domestic gold prices plunged drastically following a sharp cut in import duties in the latest Union budget. Gold prices were hovering above Rs 74,000 per ten grams in the futures market earlier this week but shed to Rs 67,400 later, the lowest level seen since the end of March. A drop in overseas prices further

It was a highly volatile week which cannot be characterized by a single theme. Yen had a sharp and robust rally against all major currencies, continuing its rebound from the 38-year lows hit earlier this month, with market participants unwinding their long-held short positions. Alongside Yen, Swiss Franc and Dollar also emerged as winners, although