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Last week, the financial world navigated a storm of uncertainty and volatility. From skyrocketing treasury yields to the extended declines in equities, from the downward spiral of Chinese stock market to the tumultuous Yuan exchange rate, and not forgetting the unexpected nosedive in Bitcoin. At the same time the dynamics of these developments are closely

Mon: PBoC LPR, German PPI (Jul) Tue: US Richmond Fed Index (Aug), New Zealand Retail Sales (Q2) Wed: EZ/UK/US Flash PMIs (Aug), Canadian Retail Sales (Jun), US New Home Sales (Jul) Thu: Fed’s Jackson Hole Symposium (24-26th Aug), CBRT Announcement, BoI Announcement, BoK Announcement,US Durable Goods (Jul) Fri: Fed’s Jackson Hole Symposium (24-26th Aug), Japan’s

COMEX Gold prices declined for the fourth consecutive week, facing pressure from robust US economic indicators and the slightly hawkish tone of the FOMC meeting minutes. The erosion in gold’s value comes as it broke below the significant threshold of $1,900 per troy ounce and currently hovers near its lowest point since March 2023, a

There was no major news coming out of the Fed chatter. Most of the focus was on interest rates, and stocks. Bitcoin fell toward technical support. Crude oil prices rebounded off of low levels and closed higher on the day, but down on the week. On Friday, if you were to look at the price

Oil prices looked set to close lower this week following seven weeks of gains, as China‘s economic woes eclipse signs of tight supply. The seven-week upswing in prices, galvanised by supply cuts by the Organization of the Petroleum Exporting Countries and allies (OPEC+), was the longest streak for both benchmarks this year. Brent futures rose

In the face of mounting tumult across stocks, bonds, and the crypto realm, the currency market projects an island of relative calm. Despite the extended rout in equities and treasuries and the dramatic tumble in Bitcoin, the forex market has responded with comparative restraint. A discernible dip in commodity currencies is on display, with Australian

I clearly remember this time of year 15 years ago. It was 5 months after the collapse of Bear Sterns and markets were full of complacency. The Fed was at 2.00% and offering no signals about cutting rates, despite an average of 66K job losses over the past six months. Markets were complacent. The August

Gold prices declined Rs 50 to Rs 59,250 per 10 grams in the national capital on Friday amid a fall in precious metal prices in international markets, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 59,300 per 10 grams. However, silver jumped Rs 700 to Rs 73,500 per

As the trading week draws to a close, Dollar appears to be finally capitalizing on heightened risk aversion, extending its recent surge. Major European stock indexes are painting a gloomy picture, while US futures points to negative opens. British Pound, once the darling of the markets, has started to wane after an unexpectedly dismal retail

TD’s key takeaways on NZD/CAD: 1. Divergence in Terms of Trade: TD highlights a significant divergence in the terms of trade between New Zealand and Canada. Terms of trade measure the value of a country’s exports relative to the value of its imports. A rising terms of trade can be beneficial for a nation’s currency

Oil prices looked set to snap a seven-week winning streak on Friday as concerns about demand growth in China as its economy slows, and the possibility of higher for longer U.S. rates triggered losses. Major benchmarks were little changed on Friday, with the U.S. West Texas Intermediate crude (WTI) up 10 cents, or 0.1%, at

Australian Dollar faced a discernible decline during today’s Asian trading session, continuing its broad-based selloff throughout the week. The catalyst behind Aussie’s downturn can be traced back to the underwhelming employment figures released from Australia. Additionally, a prevailing risk-averse sentiment, inherited from US markets overnight, further burdened the risk-sensitive currency. Following closely, New Zealand Dollar

USD/CNH daily I tend to think the only thing that matters in global markets right now is the latest candle in USD/CNH. We got a report today that China told banks to escalate yuan intervention and the market is taking that as a sign that a further significant devaluation (like in 2015) is off the

Gold hovered around a five-month low on Thursday, after data pointed to a resilient U.S. economy and raised prospects that the Federal Reserve may hike interest rates once more this year. Spot gold was up 0.3% at $1,896.70 per ounce by 1144 GMT, trading near its weakest level since March 15 of $1,888.30. U.S. gold

Dollar relinquished its early gains, entering US session as the day’s softest currency. Even as US benchmark 10-year yields skyrocketed to touch 4.3% mark, they found themselves lagging behind their German and UK counterparts. On the flip side, Australian Dollar is mustering a recovery, buoyed in part by China’s proactive measures to stabilize Yuan’s exchange

The data is here, a large drop in full time employment makes the report even worse then the sad headlines: But, the ABS have noted a warning on this data: “July includes the school holidays, and we continue to see some changes around when people take their leave and start or leave a job. It’s

New Delhi: Petrol and diesel sales by state-run oil companies fell 8% and 6% respectively over the last year in the first half of August as the private sector fuel retailers clawed back market share and as heavy rains affected mobility and industrial activity in some parts of the country. Compared to the first half

In the wake of UK CPI data, Sterling slightly higher, but lacks clear buying momentum. As BoE had anticipated, headline inflation demonstrated pronounced deceleration. Concurrently, the evident surge in services inflation dovetails seamlessly with the week’s unprecedented data on wage growth. Given these dynamics, BoE is primed for another rate hike in the coming month,