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Happy Friday, unless you’re a Democratic Presidential candidate and the knives are coming from all directions. It will be interesting to see where this is going because the status quo doesn’t look tenable. The market is going to have to deal with that but here’s a spoiler: Politics (and especially the President) is the most-overrated

Continuing the journey of the downside trend, gold August futures contracts at MCX opened near its support at Rs 71,446 per 10 gram, down by Rs 126 or 0.18% while MCX silver July futures opened at Rs 87,180/kg as the prices fell by Rs 4,400 in the month of June so far. On Thursday, gold

Dollar is showing renewed strength in Asian session, particularly against commodity currencies. Market reactions to the televised debate between US President Joe Biden and former President Donald Trump have been muted, with traders shifting their focus to upcoming inflation data. Both headline and core PCE inflation are expected to dip to 2.6% in May. For

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

After a 13% rally so far this year, crude oil prices have been consolidating in a narrow range amid concerns over China’s economic activity and rise in US crude oil stocks. The Fed’s assertions on the possibility of rate hike is making the Street nervous. Could this be a setback for Indian oil prices which

Dollar weakens broadly weakening in the early US session following the release of a batch of economic data. Durable goods orders presented a mixed bag. Concurrently, continuing claims for unemployment benefits rose to their highest level in more than two-and-a-half years. Despite these indicators, there is no immediate cause for alarm. Instead, traders, observing the

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 Thursday at Rs 70,977 per 10 gram, down merely 0.16% or Rs 112, while silver September futures contracts were trading at Rs 88,743/kg, down by 0.44% or Rs 392. Gold prices have steadied slightly after two days of declines. The previous record high in May was

Yen is showing broad-based recovery today, although the momentum remains weak, following its decline to the lowest level against Dollar since 1986. Japan has finally stepped up its verbal intervention efforts again, with Finance Minister Shunichi Suzuki expressing a “high sense of urgency” regarding Yen’s depreciation. Suzuki pledged to “take necessary action as needed” and

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

Oil prices inched up on Wednesday nearing their highest level in almost two months, driven by forecasts for an eventual inventory drawdown during the third quarter peak summer demand season and geopolitical risks from the Middle East conflict. The American Petroleum Institute (API) on Tuesday reported U.S. crude oil stocks rose by 914,000 barrels, market

Yen is drawing significant attention again today as it plummeted past the crucial 160 mark against Dollar, and hit its lowest level in over 37 years. Market participants are vigilantly watching for any signs of intervention from Japanese authorities, yet no action has been taken so far. It should be emphasized again that the tone

Headlines: Markets: AUD leads, NZD lags on the day European equities lower; S&P 500 futures down 0.1% US 10-year yields up 4.9 bps to 4.286% Gold down 0.3% to $2,310.84 WTI crude up 0.7% to $81.38 Bitcoin down 0.9% to $61,329 There were some decent moves in European morning trade today, with the dollar holding

MCX gold August future contracts have been trading flat so far this week, falling by just Rs 70. It opened at Rs 71,515 per 10 gram today while the prices for silver July contracts on MCX fell by a little over Rs 2,000 in the same time period, opening at Rs 87,082/kg. On Tuesday, gold

Australian Dollar surged broadly in Asian session following a much stronger-than-expected monthly CPI report, sparking speculation that RBA might return to rate hikes in August. Comments from a top RBA official also indicated that the central bank is vigilant about upside risks to inflation. The upcoming inflation reports for June and the more critical Q2

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 edged down on Tuesday, as investors await key U.S. inflation data due this week that could offer fresh clues on how soon the Federal Reserve can cut interest rates. FUNDAMENTALS * Spot gold was down 0.1% at $2,329.64 per ounce, as of 0114 GMT. U.S. gold futures also edged 0.1% lower to $2,342.00.

Canadian Dollar jumps following after data showing that Canadian inflation unexpectedly accelerated in May. More importantly, the resurgence in price pressures was largely driven by significant increase in services inflation. The data aligns with BoC Governor Tiff Macklem’s cautious stance that the central bank should not ease monetary policy “too quickly.” Given this context, the