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SINGAPORE – Oil prices slipped $1 a barrel on Monday as investors adopted caution ahead of the Fed policy meeting and China’s manufacturing data later this week, offsetting support from geopolitical tensions in the Middle East. Brent crude futures dropped 98 cents, or 1.1%, to $89.50 a barrel by 0001 GMT while U.S. West Texas

The foreign exchange markets have commenced the week on a relatively quiet note, with major currency pairs and crosses adhering closely to Friday’s trading range. Commodity currencies have shown a modest edge, while European majors appear somewhat subdued. Yen and Dollar find themselves in an intermediate position, but overall market volatility remains notably low. Traders

UPCOMING EVENTS: Monday: Australia Retail Sales. Tuesday: Japan Jobs data, Japan Retail Sales and Industrial Production, Chinese PMI, BoJ Policy Decision, Swiss Retail Sales, Eurozone GDP and CPI, Canada GDP, US ECI, US Consumer Confidence, New Zealand Jobs data. Wednesday: Chinese Caixin Manufacturing PMI, US ADP, Canada Manufacturing PMI, US ISM Manufacturing PMI, US Job

As the global economic landscape continues to evolve, investors are keeping a keen eye on the prospects of various assets. Gold, often regarded as a safe-haven investment, has been a topic of interest, and its future appears increasingly promising. The main reason behind this optimistic outlook is the anticipated monetary policy easing expected to take

The major US stock indices are closing the day with mixed results, but all are down for the week. A snapshot of the closing level shows: Dow industrial average -366.71 points or -1.12% at 32417.60 S&P index -19.86 points or -0.48% at 4117.36 NASDAQ index rose 47.4 points or 0.38% at 12643.00 For the trading

Global financial markets experienced fluctuations over the past week, influenced by several key factors. These include developments in the Israel-Hamas conflict, mixed corporate earnings reports, and the rollout of economic stimulus measures in China. The US dollar saw a boost from a combination of lackluster corporate earnings, safe-haven demand, and signs of the US economy’s

It’s tough to assess in exactly is happening in Gaza because electricity and communications have been largely cut off but it appears as though Israel’s ground offensive is underway. It came with an overwhelming number of airstrikes and reports of tanks entering in the northeastern corner of Gaza. In any case, it hasn’t expanded into

Gold prices ticked higher and headed for a third consecutive weekly gain on Friday, supported by continued safe-haven demand fuelled by Middle East tensions, while investors awaited the U.S. Federal Reserve policy meeting due next week. Spot gold rose 0.5% to $1,993.69 per ounce by 1:47 p.m. ET (1747 GMT) and gained 0.7% for the

It was a week marked by a series of significant headlines that captured the attention of global investors. Bitcoin led the charge and surged sharply, touching 35k mark, a noteworthy move for the cryptocurrency giant. At the same time, US 10-year yield demonstrated ambition as it flirted with 5% level, but lacked the momentum to

Markets: Gold up $21 to $2006 US 10-year yields down 1 bps to 4.83% WTI crude oil up $1.93 to $85.15 S&P 500 down 0.5% or 20 points to 4117 Nasdaq up 0.4% JPY leads, CHF lags The cross-currents were deep and violent on Friday. Let’s break them down: 1) The fog of war Early

Oil prices rose around 1% a barrel on Friday as investors priced in fears of an escalation of conflict in the Middle East which could disrupt oil supplies, after reports that the U.S military had struck Iranian targets in Syria. Brent crude futures for December rose 93 cents or roughly 1.1%, to $88.86 a barrel

Markets remained relatively subdued in today’s Asian trading session with Australian Dollar and Canadian Dollar showing modest strength. The pervasive risk-off sentiment that characterized the overnight U.S. stock market selloff did not extend into Asia, as evidenced by recoveries in both Japan’s Nikkei and Hong Kong’s HSI. Japanese Yen, buoyed slightly by robust Tokyo inflation

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Gold prices flitted in a range-bound trade on Friday as traders weighed the repercussions of the Middle East conflict against expectations that U.S. interest rates would stay higher for longer after the economy’s upbeat performance last quarter. FUNDAMENTALS * Spot gold was steady at $1,984.69 per ounce by 0131 GMT. U.S. gold futures were down

As the week draws to a close, the Japanese Yen is exhibiting signs of a tentative comeback, with USD/JPY retreating back below the significant 150 mark. Dollar’s response to the latest US personal income and outlays data was relatively subdued. Although the monthly headline PCE price index ticked slightly above forecasts, other inflation indicators aligned

It owes to some slight relief after Intel and Amazon reported better earnings, with Nasdaq futures seen up 0.8% currently. But that still pales in comparison to the 1.8% drop yesterday, in which the index took out its 200-day moving average (blue line) as well: Nasdaq Composite index daily chart That’s not a good look

Gold traded range bound on Friday in the early trade albeit with a positive bias with minor softening in the dollar index (DXY). The Street now awaits the US Federal Reserve’s commentary on interest rates and economy when it meets next week. MCX December gold futures were trading flat at Rs 60,955 per 10 gram,

Dollar experienced a broad upsurge overnight, propelled by a robust rebound in benchmark treasury yields and a general mood of risk aversion. This strength continued into the Asian trading session, particularly notable in the greenback’s gains against Japanese Yen, which have now extended past the significant 150 mark. Despite verbal interventions from Japan, Yen has