News

Oil prices climbed on Wednesday on estimates about shrinking U.S. crude and gasoline inventories as the market watched for a possible widening of the Middle Eastern war, which could curtail global oil supplies. Brent crude futures rose 30 cents to $80.99 a barrel by 0009 GMT. U.S. West Texas Intermediate crude increased by 38 cents

The US markets reacted positively today to stronger-than-expected retail sales data, which posted its fastest growth in a year and a half. Additionally, better-than-expected jobless claims numbers helped alleviate concerns about weaknesses in the employment market. The robust rally in US futures, along with rising yields and a stronger Dollar, suggests that traders have temporarily

AUD/USD daily chart It’s been a bit of a back and forth week for the pair but price action is ultimately looking to settle higher. The pair nudged higher on Tuesday but was dragged back down yesterday despite some dollar softness in play. But after the more solid employment figures earlier here, we are seeing

Oil prices rose on Thursday, recovering some of the previous day’s loss, on hopes of potential U.S. interest rate cuts boosting economic activity and fuel demand, though lingering concerns over slower global demand capped gains. Brent crude futures climbed 17 cents, or 0.2%, to $79.93 a barrel by 0029 GMT. U.S. West Texas Intermediate crude

Australian Dollar strengthened during Asian session today, buoyed by stronger-than-expected employment growth data. This positive surprise offered some support to Aussie, though gains were limited, failing to push the currency above yesterday’s high. The labor market report, which showed a modest increase in unemployment rate, suggests some loosening in employment conditions. While this development might

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 fell in a volatile trade on Wednesday after data showed U.S. consumer prices rebounded as expected in July, pouring water on expectations for a sizeable rate cut from the Federal Reserve next month. Spot gold fell 0.4% to $2,455.91 per ounce by 1338 GMT. U.S. gold futures slipped 0.5% to $2,494.50. “A September

The market’s initial reaction to US CPI data has been relatively subdued. While both headline and core CPI readings slowed in July, they remain elevated. This ongoing disinflation is a positive sign for the Fed, but the pace is not rapid enough to justify a larger rate cut in September. As a result, US stock

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 on the MCX opened flat today at Rs 70,533 per 10 grams, down by 0.23% or Rs 166. Silver September futures contracts were trading at Rs 81,000 per kilogram, down by 0.06% or Rs 49. The prices of gold and silver have both decreased slightly over the past 2 days. Gold

New Zealand Dollar plunged today after RBNZ unexpectedly cut interest rates by 25bps, marking the first reduction in this easing cycle. This move came much earlier than the market’s anticipation of a rate cut in October or November. The selloff gained further momentum after RBNZ Governor Adrian Orr disclosed that a 50bps cut had been

US PPI data came in tamer than expectations with a rise of 0.1% vs 0.2%. The YoY fell to 2.2% from 2.7%. The core ex food and energy was down to 2.4% from 3.0%. That is good news and although it does not necessarily translate into a better CPI tomorrow, hope springs eternal. The data

Gold prices eased on Tuesday but hovered near a one-week high, while markets awaited a key U.S. inflation data that could provide further insight into the U.S. Federal Reserve‘s next policy decision. FUNDAMENTALS * Spot gold fell by 0.2% to $2,466.69 per ounce, as of 0155 GMT, after hitting its highest since Aug. 2 earlier

Dollar weakens broadly in early US session after July’s PPI came in lower than expected, signaling easing in inflationary pressures. This development was well-received by investors, with stock futures ticking up slightly and 10-year Treasury yield dipping in response. While the softer PPI readings provide some relief to those hoping for monetary easing from Fed,

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 70,679 per 10 gram, which is down by 0.08% or Rs 59 while silver September futures contracts were trading at Rs 81,237/kg, down by 0.47% or Rs 387. The prices of gold have gained Rs 800/10 gm while silver has gained Rs 700 per

Sterling is making notable gains after UK employment data revealed an unexpected drop in the unemployment rate for June. Additionally, July’s figures showed continued growth in payrolled employment and a rebound in wage growth. This robust set of data strengthens the position of the hawks within BoE’s MPC, who incline to maintain a cautious stance

Monday’s trading saw the NZD as the strongest of the major currencies and the JPY as the weakest. The USD is ending the day with mixed results with gains vs the JPY and CAD, and declines vs the AUD and NZD. The green back was little changed vs the EUR, GBP, CHF and CAD. A