News

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

Gold and silver prices rallied for the fourth straight session and hit fresh peaks on Friday, with the yellow metal gaining sharply by Rs 1,050 to breach Rs 73,000 per 10 grams level amid bullish global trend. According to HDFC Securities, gold price surged Rs 1,050 to hit its lifetime high of Rs 73,350 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’s rally presses on today and extends into early US session, reflecting continued strength even after a period of brief consolidation. Swiss Franc and Japanese Yen are also rebounding notably, indicating a broader trend of currency strength in traditionally safe-haven assets. This pattern is further underscored by the ongoing record rally in Gold, pointing to

Gold prices hit yet another lifetime high in Friday’s opening trade after softer US PPI inflation data lifted sentiments for bullion on the Street. The new peaks were scaled notwithstanding a firmer dollar index (DXY) which has shot up over 105, gaining over 1% in the last five trading sessions. Gold prices in India took

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 turned quieter in Asian session today with minimal movements. Dollar is consolidating this week’s strong gain but there is no sign of extended pullback for now. There is still prospect for more upside before weekly close, and U of Michigan consumer sentiment and inflation expectation would be a trigger for another round

Spot gold slid on Wednesday across the board hotter than expected US CPI inflation report that showed that both headline and core CPI climbed more than forecast. Spot gold closed with a loss of 0.80% at $2334. The Core CPI rose 0.40% for the third straight month Vs the forecast of 0.30%. The headline CPI

I hated this trade when it was being reposted every day and now we’ve all seen why. Correlation does not equal causation. Gold is a chameleon. Yes, at times it competes with bonds and yield is a factor but it’s also a currency. What happened when those diverged? Russia invaded Ukraine and the west confiscated

Euro weakens broadly following ECB’s decision to maintain interest rates unchanged, coupled with explicit suggestions of a potential rate cut ahead. However, selloff has been relatively mild, primarily because ECB’s statement didn’t serve as a definitive pre-announcement of rate cuts, unlike its 2022 guidance on rate hike. Moreover, the conditional guidance regarding future rate adjustments

Gold prices were little changed on Thursday, as the U.S. dollar and Treasury yields firmed after hotter-than-expected inflation data tempered hopes for an early interest rate cut. FUNDAMENTALS * Spot gold was unchanged at $2,337.99 per ounce, as of 0107 GMT. It hit a record high for an eighth straight session until Tuesday.* U.S. gold

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 remains firm in Asian session after the strong post-CPI rally. US stocks were deeply sold off as a June Fed rate cut is further priced out by the markets. Market attention is now keenly focused on the upcoming PPI for March, as well as University of Michigan’s consumer survey results. Should today’s PPI data

Gold prices slipped from record-high levels on Wednesday as the U.S. dollar and Treasury yields firmed after a stronger-than-expected inflation print softened expectations of an early U.S. rate cut. Spot gold fell 0.6% to $2,338.19 per ounce, as of 8:58 a.m. ET (1258 GMT). U.S. gold futures lost 0.1% to $2,360.7. The U.S. dollar index

Crude oil futures are settling at $86.21. That’s up $0.98 or 1.15% on the day. Crude oil bounces back above 100 hour moving average The high price for the day has reached $86.32. The low price was at $84.58. The price is settling near the high for the day. Looking at the hourly chart, the

Dollar is having a strong, broad-based rebound in early US session, driven by upside surprises in CPI data. The concern for Fed stems not just from the headline inflation spurred by rising energy costs. But more significantly, core inflation failed to slow again, arguing that disinflation progress has stalled further. The market’s attention is now