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The theme among major currencies recently has been a stronger yen, with USD/JPY continuing to drop. But the dollar itself is also seen advancing against the rest of the major currencies bloc. In particular, the antipodeans have been softer this week amid ongoing weakness with the Chinese yuan as well. Here’s a snapshot of things

Falling U.S. crude inventories caused oil prices to rebound on Wednesday after several days of decline, while expectations for a nearing ceasefire deal in the Middle East kept prices from continuing to climb. Brent crude futures for September rose 46 cents to $81.47 a barrel by 0020 GMT. U.S. West Texas Intermediate crude for September

Yen is trading broadly higher in otherwise sluggish Asian session today. The central focus remains on whether BoJ will implement another interest rate hike at its upcoming announcement on July 31. Media reports suggest that some BoJ officials are concerned about weak consumer spending, which complicates their decision-making. The possibility of postponing the rate decision

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Notwithstanding a cut in the customs duty on gold and silver to 6%, bullion prices fell sharply on Tuesday. While the August gold futures fell 6% or by Rs 4,268 per 10 gm to hit the day’s low of Rs 68,500, silver September futures on the MCX tanked by Rs 4,928 per kg or 5.5%

Japanese Yen continues to stand out as the strongest currency, in another day with a lackluster economic calendar. However, it’s Dollar that’s capturing market interest as markets enter into US session, where it has shown notable gains against major counterparts like Euro and Swiss Franc. Break of near term levels in both EUR/USD and USD/CHF

The retreat comes again as we get to the handover from Asia to Europe, somewhat similar to yesterday. Sellers are staying interested with price action keeping below the broken trendline support (white line) as seen below: USD/JPY daily chart The 100-day moving average (red line) at 155.31 currently will be a key downside target to

On the day of the Union Budget, Gold August futures at MCX opened flat at Rs 72,838 per 10 gram, rising by 0.17% or Rs 120, while the silver September futures at MCX opened 0.21% or Rs 191 lower at Rs 89,012/kg. Gold prices have fallen by Rs 1,500/10gm in the last one week whereas

Australian Dollar leads other commodity currencies lower in Asian session today, reflecting a broader risk-off sentiment in the markets. The market’s risk-off sentiment is further emphasized by the strength of Yen and Swiss Franc, currencies typically favored during periods of uncertainty. Nikkei has slipped below the 40k mark, while China’s Shanghai SSE is down over

We are Day 1 of the transition to a new Dem candidate for President after Biden stepped down from his run for President yesterday. Assuming VP Kamala Harris is the nominee, who might be her VP running mate? That choice will most likely be from one of the key swing states.. Those key states include,

Gold August futures along with silver September futures contracts opened flat on Monday as the former opened up by 0.27% or Rs 194 at Rs 73,184 per 10 gram while the latter opened up by 0.03% or Rs 30 at Rs 89,676 per kilogram. Gold prices went down Rs 1,100/10 gm in the last 2

Australian Dollar continues to lead the decline among commodity currencies today, with the selloff appearing to accelerate. Despite stabilization in risk sentiment in Europe where major indexes are trading positively, and US futures, particularly NASDAQ, pointing to a stronger open, overall sentiment remains vulnerable. This fragility is largely due to political uncertainty in the US

The report cites three sources familiar with the matter. And it pertains to Nvidia’s “Blackwell” chip series, which was unveiled during March. The chip is due to be mass produced later this year with the sources saying Nvidia will work with Inspur, who is one of the firm’s major distributors in China, on the launch

Gold prices edged higher on Monday, aided by a softer dollar and expectations of a U.S. interest rate cut, while spotlight shifted to economic data for further insights into the Federal Reserve‘s monetary policy path. FUNDAMENTALS * Spot gold was up 0.3% at $2,408.19 per ounce, as of 0017 GMT. Prices scaled an all-time high

UPCOMING EVENTS: Monday: PBoC LPR. Wednesday: Japan/Australia/Eurozone/UK/US Flash PMIs, BoC Policy Decision. Thursday: US Durable Goods Orders, US Jobless Claims, US Q2 Advance GDP. Friday: Tokyo CPI, US PCE. Monday The PBoC is expected to keep the LPR rates unchanged at 3.45% for the 1-year and 3.95% for the 5-year. The central bank left the

Oil prices were roughly flat on Thursday as investors wrestled with mixed signals about crude demand, with concerns about an economic slowdown in the U.S. contending with rising expectations the Federal Reserve would soon cut interest rates. Brent futures were up 1 cent to $85.09 a barrel by 11:41 a.m. EDT (1541 GMT). U.S. West

GBPUSD daily Credit Agricole sees GBP as one of the best-performing G10 currencies, despite recent setbacks due to returning risk aversion and stickier-than-expected UK inflation. The GBP’s relative strength is attributed to expectations that the BoE will maintain rates, reinforcing its status as a top performer in the G10 FX space. Key Points: Recent Performance:

Gold prices dipped more than 1% on Friday, as the dollar firmed and some investors locked in profits following the metal’s recent surge on increasing expectations of U.S. interest rate cuts in September. Spot gold was down 1.7% at $2,404.34 per ounce by 1233 GMT. Bullion hit an all-time high of $2,483.60 on Wednesday. U.S.