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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

Amid safe haven buying in bullion due to rising geopolitical tensions, gold June futures on MCX rose Rs 642 or 0.89% to trade at Rs 72,919 per 10 grams on Tuesday while MCX May silver contracts gained Rs 334 or 0.4% to Rs 84,185 per kg. On Monday, gold and silver settled on a positive

Dollar is capitalizing on its strong position and extends its rally om Asian session today, as risk aversion grips global markets. US stocks, which initially showed gains overnight, ultimately closed significantly lower as Treasury yields climbed in response to robust economic data. The sentiment continued in Asia, with major markets opening lower, and followed by

NEW YORK: Oil prices sank by about 1% a barrel on Monday after Iran’s weekend attack on Israel proved to be less damaging than anticipated, easing concerns of a quickly intensifying conflict that could displace crude barrels. Brent futures for June delivery fell 91 cents to $89.54 a barrel, a 1% loss, by 1:17 p.m.

The earnings calendar was unofficially kicked off on Friday after J.P. Morgan, Wells Fargo, Citigroup reported. This week, the elder gets a little bit more varied. What are some of the bigger names scheduled and when this week? Tuesday before the open: Bank of America, UnitedHealth Johnson & Johnson Morgan Stanley Tuesday after the close:

Dollar bounces slightly in early US trading following unexpectedly strong retail sales data. However, there is no clear follow through buying in the greenback for now. The only exception is USD/JPY which continues to make new 34-year highs. Against others, Dollar might extend its consolidation phase for a while longer, as the impact from rising

After hitting a lifetime high of Rs 73,958 in Friday’s opening trade, gold prices on MCX took cues from their international counterparts today and rose by Rs 67 or 0.09% to trade at Rs 71,910 per 10 grams. MCX May silver contracts were up by Rs 460 or 0.56% to Rs 83,273 per kg. Today

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

The forex markets are primarily focused on Yen’s continued broad-based decline as another trading week commences. In particular, the Japanese currency has now reached a new 34-year low against Dollar. Despite frequent official warnings and the expressed readiness to intervene against speculative movements, Japanese authorities have yet to take concrete action. Finance Minister Shunichi Suzuki

Oil rose around 1% on Friday on geopolitical tensions in the Middle East but posted a weekly loss on a bearish world oil demand growth forecast from the International Energy Agency (IEA) and worries about slower U.S. interest rate cuts. Brent crude futures settled up 71 cents at $90.45 a barrel, while U.S. West Texas

UPCOMING EVENTS: Monday: New Zealand Services PMI, Eurozone Industrial Production, US Retail Sales, US NAHB Housing Market Index, PBoC MLF. Tuesday: China Industrial Production and Retail Sales, UK Labour Market report, Eurozone ZEW, Canada CPI, US Housing Starts and Building Permits, US Industrial Production. Wednesday: New Zealand CPI, UK CPI. Thursday: Australia Labour Market report,

Silver prices in the domestic market are at lifetime highs amid multiple catalysts like safe-haven demand due to escalating geopolitical tensions, hopes of US interest rate cuts, speculative buying, and a sharp rally in industrial metals. Meanwhile, the performance of the benchmark London spot silver remained sluggish but hovering near three-year highs. In the key

Israeli PM Netanyahu US President Joe Biden told Israeli prime minister Benjamin Netanyahu during a call today that the US will oppose any Israeli direct counterattack against Iran, according to an Axios report that cited a ‘senior White House official.’ Two things: 1) If the US doesn’t want a war, this makes sense. Aside from

Stop and Reverse (SAR) indicator is a powerful tool used by traders to identify potential trend reversals in the price movements of MCX gold and silver contracts. Unlike traditional indicators that follow price trends, the SAR indicator is unique in that it dynamically adjusts its position relative to price, making it particularly effective in spotting

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

The financial markets were jolted last week by data confirming the stall in disinflation progress in the US. This development prompted traders to quickly revise their expectations regarding Fed’s monetary policy, withdrawing bets on a June rate reduction. This shift in sentiment led to strong rise in treasury yields and corresponding deep decline in stock

On Friday, spot gold broke above $2,400 mark on reports that Israel is bracing for a direct and unprecedented attack by Iran on government targets as soon as Saturday. However, the metal lost buying momentum after hitting a fresh record high of $2431 to settle lower. The yellow metal closed with a loss of 1.37%

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