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Risk aversion is the prevailing theme in the global markets today, with major European indexes trading in the red and US futures pointing to a lower open. Australian Dollar reversed its earlier post-CPI gains and is currently the worst performer of the day, followed by New Zealand Dollar and Canadian Dollar. In contrast, Swiss Franc

The selling in bonds is what stood out in trading yesterday. And that reverberated to stocks and also underpinned the dollar in US trading. The two Treasury auctions here and here played a part, but it’s definitely also a tricky one with month-end also in consideration. In any case, the dollar is still staying in

Amid weakness in the dollar index and heightened geopolitical tensions, gold prices steadied as MCX gold June futures opened on Wednesday at Rs 72,203 per 10 grams, up 0.03% or Rs 23 while MCX silver July contracts opened 0.23% higher at Rs 95,670/kg. In the last three days, silver prices have risen by Rs 5,100

Australian Dollar strengthened broadly in Asian session today, shrugging off lackluster retail sales data. Instead, Aussie is responding positively to Shanghai’s announcement of significant policy measures aimed at boosting the housing market. Yesterday, China’s commercial and financial hub declared it would relax home purchase restrictions and provide subsidies for new flat buyers. This move is

In the last five hours, US 10-year yields have swung nearly 10 basis points higher. It’s an ugly turn in fixed income after a strong start and was driven by a handful of factors: The two-year note auction tailed by a full basis point despite a decent concession shortly before The selling continued after the

Silver futures on Tuesday hit a fresh lifetime high of Rs 96,220 per kg on the MCX in the evening trade, gaining by Rs 1,612 per kg intraday over Monday’s closing price of Rs 94,608, tracking strong buying action in the international market. While the white metal saw some gains after scaling a new peak,

Swiss Franc is having a significant surge today, likely due to flight to safe-haven assets amid rising tensions in the Middle East. Reports have emerged that Israeli military tanks were seen in central Rafah for the first time since the Israel Defense Forces entered the city earlier this month. This movement follows a recent missile

BOJ measures of underlying inflation (as at April 2024) If need be, they can allude to core prices in the CPI report still being above the 2% mark. But they certainly can’t say the same about their own measures of underlying inflation now. The trimmed mean reading in particular has fallen to 1.8% in April,

Gold prices on Tuesday fell by Rs 2,433 from a high of Rs 74,442 per 10 grams on May 20 to Rs 72,009 per 10 grams on May 27. MCX gold June futures today opened flat, down by Rs 98 at Rs 71,911 per 10 grams while July silver contracts opened at Rs 94,640, up

GBPUSD daily Any time there is an election, it adds some uncertainty to a currency. Normally in G7 currencies, that volatility is small because (in the bigger picture) the stakes for elections are low. Yes, politics shape a country over generations but the market prices in those changes at a glacial pace. In the case

Gold prices jumped 1% on Monday after a two-week low hit in the previous session as investors assessed diminishing bets of U.S. interest rate cuts ahead of a key inflation report due later in the week. Spot gold was up about 1% to $2,355.60 per ounce as of 10:05 a.m. ET (1405 GMT), having touched

Trading has been characteristically subdued in the Monday’s Asian session. Japanese Yen is have a broad but weak recovery, with no clear indication of a reversal from its recent selloff. Australian and New Zealand Dollars are also mildly firmer, following rebound in Asian stocks. Meanwhile, Swiss Franc and Euro are among the softer currencies, while

The longer weekend is making for a more subdued start to proceedings so far today. Major currencies are not up to much, with dollar pairs keeping in narrow ranges and little changed overall. USD/JPY is down slightly after brushing up against the 157.00 mark at the end of last week. But besides that, there is

Ahead of key US economic data due next week, gold prices on MCX for June futures contracts rose by Rs 309 or 0.43% to trade at Rs 71,565 per 10 grams on Monday while MCX July silver contracts were up by Rs 1,185 or 1.3% to Rs 91,733 per kg. Fed officials indicated that it

UPCOMING EVENTS: Monday: UK/US Holidays, German IFO. Tuesday: Australia Retail Sales, Canada PPI, US Consumer Confidence. Wednesday: Australia Monthly CPI, Fed Beige Book. Thursday: Switzerland GDP, Eurozone Unemployment Rate, US GDP 2nd Estimate, US Jobless Claims. Friday: Tokyo CPI, Japan Retail Sales and Industrial Production, China PMIs, Switzerland Retail Sales, Switzerland Manufacturing PMI, Eurozone Flash

Gold prices rose on Friday as the dollar slipped, but were headed for their worst week in five and a half months as hopes of interest rate cuts by the U.S. central bank tamed. Spot gold rose 0.2% to $2,332.77 per ounce as of 1:54 p.m. ET (1754 GMT) as the U.S. dollar index slipped

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Spot gold tested a new lifetime high last week due to a combination of factors that have converged to propel the demand for the yellow metal. Multiple catalysts like US rate cut speculation, China’s economic stimulus, and renewed geopolitical tensions attributed to the rise in prices. Prices on the London spot market surged near to