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LONDON -Oil edged back towards the previous day’s seven-week low on Thursday, paring earlier gains, after U.S. data pointed to persistent labour market strength and further dimmed prospects of an early decline in U.S. interest rates. Brent crude futures for July were up 40 cents, or 0.5%, at $83.84 a barrel by 1332 GMT, having

Judo Bank S&P Global PMI Final for April 2024 Services 53.6 preliminary was 54.2, prior was 54.4 Composite 53.0 preliminary was 53.6, prior was 53.3 Still solidly in expansion for both. Not so for the other PMI released earlier this week: – From the services PMI report, in brief: Matthew De Pasquale, Economist at Judo

Swiss Franc saw a significant rebound in European session, driven by stronger-than-expected inflation figures for April. Despite this upside surprise, inflation remained within SNB’s target range of 0-2% for the eleventh consecutive month. Currently, economists are still largely anticipating a further 25 basis point rate cut by SNB in June, which would adjust the policy

After the Fed kept interest rates unchanged, gold prices on MCX for June futures contracts rose Rs 390 or 0.55% on Thursday to trade at Rs 71,115 per 10 grams while MCX July silver contracts rose Rs 124 or 0.15% to Rs 81,351 per kg. Gold prices increased as the Federal Reserve indicated a less

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

Markets sentiment in the US stabilized overnight, responding positively to Fed Chair Jerome Powell’s less hawkish-than-anticipated remarks in the post-FOMC press conference. DOW closed slightly up, while S&P 500 and NASDAQ saw mild losses only. Treasury yields and Dollar both fell in response to these developments. Key takeaways from Powell’s address include a clear stance

Oil fell more than 1% on Wednesday, losing ground for a third straight session, sapped by the prospect of a ceasefire agreement in the Middle East and persistent U.S. inflation dampening the expected pace of interest rate cuts. Brent crude futures for July were down $1.19, or 1.4%, to $85.14 a barrel at 1255 GMT,

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’s rally slowed slightly in early US session despite robust ADP job data, as traders adopt a cautious stance ahead of the highly anticipated FOMC statement and Chair Jerome Powell’s press conference. With a hawkish shift expected from Fed, the extent of Powell’s hawkish tone remains the primary focus. Market participants are speculating on whether

correction in Gold prices, where the yellow metal has corrected by nearly Rs 3000 per 10 gram or 4% from the lifetime high is its biggest fall in nearly two years. Can we expect the trends to reverse or a top has been made? This is what multiple experts tell ETMakets as they spell out

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 rebounded broadly overnight and stayed generally firm in Asian session. Stock investors were apparently adopting a cautious stance and lightening up positions ahead of Fed’s rate decision and subsequent press conference today. With recent data pointing to persistent inflationary pressures, expectations are mounting that Fed would adopt a more hawkish tone. It’s a minimum

Gold prices slipped more than 1% to a one-week low on Tuesday due to an uptick in the dollar and U.S. Treasury yields, although strong safe-haven demand and central bank buying kept bullion on track for its third consecutive monthly gain. Spot gold fell 1.7% to $2,394.08 per ounce, as of 11:01 a.m. ET (1501

Judo Bank S&P Global Manufacturing PMI final April 2024 from Australia comes in at 49.6 the preliminary reading was 49.9, prior was 47.3 Manufacturing nearly jumped into expansion at a 3-month high, but not quite hitting the 50 line. Warren Hogan, Chief Economic Advisor at Judo Bank, in brief: Manufacturing activity improved sharply in April

Dollar’s rebound is picking up momentum in early US session, bolstered by latest Employment Cost Index which rose by 1.2% in Q3, marking the fastest pace since Q3 2022. This unexpected acceleration in employment costs adds to a series of economic data that suggests the US economy remains hotter than preferred. Especially, persistently elevated services

While gold gets plenty of traction, silver is (wrongly) looked upon as the poorer cousin. Traditionally, silver has been popular among the masses in the form of jewellery, coins, bars and silverware which are gifted on auspicious occasions. Unlike gold, silver has immense technical and industrial uses as it is an excellent thermal and electrical

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

Australian Dollar weakened across the board in Asian session, dragged down by unexpectedly poor retail sales data for March. The contraction in sales is a reminder to RBA about the ongoing impact of cost of living pressures exacerbated by higher interest rates and inflation. This challenging economic backdrop is likely to make RBA more cautious