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Dollar softened across the board in today’s Asian session, dragged down by extended in US Treasury yields. Investors appear to be setting aside the first presidential debate between Kamala Harris and Donald Trump, focusing instead on the highly anticipated US CPI report, which might hopefully provide clearer direction on Fed’s upcoming interest rate cut. Market

High Yield:3.440% Previous: 3.81% WI Level at the time of the auction: 3.457% Tail: -1.7 bs Previous: -0.2bps Six-auction average: 0.1bps Bid-to-Cover: 2.66X Dealers:10.45% Directs (a measure of domestic demand):11.3% Indirects (a measure of international demand):78.24% AUCTION GRADE: A Details: The International buyers showed up and crowded out the other bidders. The international buyers took

Gold prices rallied by Rs 600 to Rs 74,100 per 10 grams in the national capital on Tuesday on the back of fresh buying from jewellers. In the previous session, the precious metal of 99.9 per cent purity had closed at Rs 73,500 per 10 grams on Monday. Silver prices, too, jumped Rs 700 to

Trading in the forex markets remained relatively subdued today, with limited momentum across major pairs. Sterling saw a brief uptick following robust UK employment data, but the rally quickly lost steam. The data did little to alter expectations that BoE will likely keep rates unchanged next week and wait until November to reassess its stance.

Does not believe that private consumption has recovered strongly yet Will aim to achieve conditions where wages grow sustainably so can fully exit from deflation The leadership race should likely come down to a battle between Ishiba and current digital minister, Tara Kono. For some context, Kono also ran for the post back in 2021

Gold October futures contracts at MCX opened flat on Tuesday at Rs 71,615 per 10 gram, which is down by 0.02% or Rs 13 while the silver December futures contracts were trading at Rs 83,595/kg, down by 0.06% or Rs 50. In the last one week, gold prices have traded flat while silver prices have

The forex markets have remained largely subdued in today’s Asian session, with most major currency pairs moving within a narrow range from yesterday. Investor sentiment stabilized overnight, with major US stock indexes closing higher. However, caution is still the prevailing mood as traders await tomorrow’s US CPI data, which will be pivotal in shaping Fed’s

BofA anticipates the European Central Bank (ECB) will implement a 25 basis point (bp) cut to the deposit rate at its September meeting, with a modestly negative impact on the EUR due to unchanged guidance and weaker growth outlook. Key Points: Rate Cut Expectation: Deposit Rate: Expected to be reduced by 25bp. Other Policy Rates:

Gold prices slumped Rs 700 to Rs 73,500 per 10 grams in the national capital on Monday amid a decline in precious metal rates in the global markets. The yellow metal had closed at Rs 74,200 per 10 grams in the previous close on Friday. Tracking gold, silver prices also plummeted Rs 2,000 to Rs

Dollar strengthened modestly in today’s quiet trading as market participants continued to scale back expectations for a more aggressive 50bps rate cut by Fed this month. However, the greenback’s momentum remains modest as it awaits a crucial test from the upcoming US CPI data this week. Stabilizing risk sentiment is also keeping a lid on

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 today at Rs 71,505 per 10 gram, which is up by 0.11% or Rs 79 while silver December futures contracts were trading at Rs 83,049/kg, up by 0.35% or Rs 292. The prices of gold fell by Rs 400/10 gm in the last 2 days while silver

Asian markets started the week on a weak note, with sharp declines following the broader selloff in US markets after last week’s non-farm payroll report. Adding to the bearish mood was weaker-than-expected inflation data from China, which dampened sentiment further. However, the reaction in the forex market has been somewhat muted, with commodity-linked currencies, like

gold monthly China’s central bank didn’t report any gold purchases in August, saying that reserves remain at 72.80 million troy ounces. Reported buying halted in May after many months of accumulation. Reports afterwards suggested the PBOC had grown price sensitive. in February the PBOC bought 390,000 ounces in March, 160,000 in April, 60,000 A few

Copper has declined by more than 17 percent from its lifetime highs. Tepid demand from China, surging inventories in warehouses, and a strong US dollar have contributed to the bearish sentiment in prices. Copper inventory levels at different warehouses have reached multi-year highs. Latest London Metal Exchange (LME) data show that inventories in the LME-registered

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 prices eased on Friday, retreating from near-record levels reached earlier, after mixed U.S. jobs data cast doubts on the scale of interest-rate cut from the Federal Reserve this month. Spot gold fell 0.3% to $2,509.35 per ounce by 10:21 a.m. ET (1421 GMT), having hit their highest since Aug. 20, when gold last scaled

On Friday, shares of Nvidia fell 4% and chipmakers dragged the Nasdaq to its lowest in the three weeks. One reason for the sell-off was a Goldman Sachs note from Peter Oppenheimer arguing that traffic to ChatGPT was plunging. Goldman published this chart, which was later widely circulated (including in the Financial Times). It showed