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As hopes for rate cut get delayed and tensions in the Middle East seem to intensify, gold prices on MCX for June futures contracts rose by Rs 208 or 0.29% to trade at Rs 70,876 per 10 grams while MCX July silver contracts were up by Rs 742 or 0.92% to Rs 81,785 per kg.

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

Yen weakens broadly in Asian session, albeit in a subdued market environment due to Japan’s holiday. Despite this, the selloff in the Japanese currency remains relatively contained, with traders vigilant of market intervention by Japan. While 160 level against Dollar is currently considered a floor for Yen, uncertainty persists regarding Japan’s desired exchange rate, which

In the unpredictable world of gold and silver trading, volatility is a constant companion, posing both opportunities and risks for investors. To shield portfolios from potential losses during turbulent times, hedging strategies play a crucial role. This article explores various hedging techniques that traders and investors can employ to protect their portfolios in the volatile

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

Spot gold closed $2 down at $2301 in a highly volatile market Friday. US nonfarm payroll and ISM services data fell short of forecast; however, inflationary pressure continues to build up. The metal was down around 1.50% on the week. The US yields retreated on dismal US data. The ten-year US yields were down 1.95%

UPCOMING EVENTS: Monday: China Caixin Services PMI, Eurozone PPI, Fed SLOOS. Tuesday: RBA Policy Decision, Switzerland Unemployment Rate, Eurozone Retail Sales. Thursday: Japan Average Cash Earnings, BoJ Summary of Opinions, BoE Policy Decision, US Jobless Claims. Friday: New Zealand Manufacturing PMI, UK GDP, Canada Jobs report, US University of Michigan Consumer Sentiment survey, Tuesday The

Gold fell to a one-month low on Friday despite weaker-than-expected U.S. jobs data, extending a correction from last month’s stellar rally as investors booked profits while geopolitical risks eased. Spot gold fell 0.1% to $2,300.38 per ounce as of 1:45 p.m. ET (1745 GMT), and logged its second consecutive weekly fall. U.S. gold futures settled

Mon: UK Bank Holiday; EZ Final Composite & Services PMIs (Apr), Sentix (May) Producer Prices (Mar). Tue: RBA Announcement, EIA STEO; Swiss Unemployment (Apr), German Trade Balance (Mar), EZ Construction PMI (Apr). Wed: Norges Bank H1 Financial Stability Report, Riksbank Announcement, BCB Announcement; German Industrial Output (Mar), Italian Retail Sales (Mar). Thu: BoE Announcement &

Dollar concluded last week with significant losses, influenced by a set of factors that realigned market expectations and investor sentiment. A pivotal moment came with Fed Chair Jerome Powell’s much less-hawkish-than-feared remarks at the FOMC press conference, coupled with disappointing US employment figures. These developments led markets back to anticipate two Fed rate cuts by

Oil prices settled lower on Friday, and posted their steepest weekly loss in three months as investors weighed weak U.S. jobs data and possible timing of a Federal Reserve interest rate cut. Brent crude futures for July settled 71 cents lower, or 0.85%, to $82.96 a barrel. U.S. West Texas Intermediate crude for June fell

USDJPY 1 hour Credit Agricole suggests that recent interventions by Japan’s Ministry of Finance (MoF) and Bank of Japan (BoJ) have successfully created asymmetric risks around the USD/JPY exchange rate. Estimated expenditures nearing those of previous interventions in 2022 have effectively influenced market expectations and risk assessments. Key Points: Intervention Estimates: Preliminary data indicates that

Gold prices were set for a second consecutive weekly fall, even as bullion traded almost flat on Friday as investors refrained from taking big positions ahead of U.S. non-farm payrolls data that could offer more cues on the Federal Reserve’s policy path. FUNDAMENTALS * Spot gold was nearly unchanged at $2,302.51 per ounce, as of

The US employment data for the month of March came in less than expectations at 175K vs 243K estimate. The prior month was revised higher to 315K from 303K previously reported. The unemployment rate did take up to 3.9% from 3.8% while average hourly earnings came in at 3.9% YoY, the lowest level since 2021.

Dollar falls steeply in early US session following a disappointing non-farm payroll report that fell short of market expectations across key metrics including job growth, unemployment rate, and wage growth. DOW futures surge over 500 pts at the same time while 10-year yield dives through 4.5% mark. Despite the single month’s data being insufficient for

Amid easing Middle East tensions, safe haven buying in bullion seems to be diminishing as gold prices on MCX for June futures contracts fell by Rs 102 or 0.14% on Friday to trade at Rs 70,634 per 10 grams while MCX July silver contracts were down by Rs 44 or 0.05% to Rs 81,319 per

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

Dollar weakens broadly in Asian session, continuing its selloff from the previous night, as influenced by rebound in US stocks and falling treasury yields. The focus is now squarely on today’s non-farm payroll report, a key indicator closely monitored by Fed policymakers. Preliminary data suggest possibility for an upside surprise in the jobs figures For