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Trading in MCX gold and silver contracts can be a rollercoaster ride, influenced not only by market dynamics but also by the psychological factors that govern traders’ decision- making processes. Delving into the psychology of trading reveals the complex interplay of emotions that can impact trading outcomes. In this article, we’ll explore the common emotions

Canada employment chart March 2024 Canada’s jobs report showed a decline of 2.2K jobs in February, worse than the +25K reading expected. The headline is even worse than it looks when you consider runaway growth in Canadian immigration that led to a rise in the unemployment rate to 6.1% from 5.8%. That’s the highest since

Gold prices hit a pause on Friday after scaling to historic highs in the previous session on expectations of lower U.S. interest rates this year, while traders await further cues from a key jobs report due later in the day. FUNDAMENTALS * Spot gold was down 0.2% at $2,284.84 per ounce, as of 0052 GMT,

Global financial markets are bracing for potential upheaval as geopolitical strains drive gold to new record while oil prices surge. This surge, alongside the rally in metals like Copper, ignites concerns over an inflation comeback. Such inflationary pressures, combined with a revival in manufacturing and service sectors, could deter major central banks from implementing significant

Markets: Gold up $33 to $2323 WTI crude oil up 14-cents to $86.73 US 10-year yields up 8.1 bps to 4.39% S&P 500 up 57 points to 5204 USD leads, CAD lags As we wind down the day, the FX changes are small but that doesn’t tell the whole story. The US dollar jumped 40-50

Oil prices extended gains on Friday and were on course for a second weekly gain, supported by geopolitical tensions in the Middle East, concerns over tightening supply and expectations about demand growth as economies improve. Brent crude was up 26 cents, or 0.3%, to $90.91 a barrel by 1252 GMT. U.S. West Texas Intermediate crude

Dollar was sold off overnight after weaker than expected ISM Services data, and the weakness persisted following comments from Fed Chair Jerome Powell. Powell downplayed the significance of recent robust labor and inflation figures, suggesting them as fluctuations in “bumpy road” of moderating demand and inflation. This narrative reinforces the market’s anticipation that Fed is

What a breathtaking run it’s been in gold since the breakout at the start of March. Gold daily We’re at fresh all time highs, up $37 to $2326 after an earlier dip to $2268 was run over. Gold is up in eight of the past nine days. There is no doubt that it’s overbought on

Gold prices climbed on Friday to hit a fresh record high, as multiple factors including U.S. interest rate cut bets, speculative buying and central bank purchases kept bullion’s record rally active despite strong U.S. job growth in March. Spot gold gained 1.3% to $2,320.04 per ounce, as of 10:57 a.m. EDT (1456 GMT), after hitting

Dollar rises broadly in early US session in response to surprisingly strong non-farm payroll data. Dollar’s ascent is notably pronounced the Canadian Dollar, which simultaneously grapples with its own disappointing employment figures. But against others, the overall strength of the greenback remains somewhat contained for now. The picture could shift dramatically as the NFP report

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 took a breather on Friday after hitting lifetime highs in the previous session as investors looked to book profits in bullion ahead of the US jobs data later today. On MCX prices fell taking cues from trends in the international market. Moreover, an uptick in the dollar index (DXY) also acted

Japanese Yen rebounded broadly in Asian session today, shot up by comments from BoJ Governor Kazuo Ueda regarding the conditions for future interest rate hikes. Ueda’s discussion, while not immediately setting the stage for rate increases, could be taken as a sign to prepare the markets for such a possibility. Importantly, he underscored that an

Goldman Sachs provides insights into the upcoming US jobs report for March, forecasting a 215k increase in payrolls and a decrease in the unemployment rate to 3.8%. This outlook surpasses the consensus expectation of a 200k rise in payrolls. The forecast attributes the anticipated job growth to factors such as heightened immigration levels, positive trends

Oil prices fell on Thursday as caution over macroeconomic activity weighed against output cuts and geopolitical tensions. Brent futures for June fell by 43 cents, or 0.5%, to $88.92 a barrel by 12:15 p.m. EDT (1615 GMT). U.S. West Texas Intermediate (WTI) futures for May fell by 57 cents, or 0.7% to $84.86 a barrel.

Swiss Franc faced broad selling pressure in European session, driven by CPI lower than CPI data. Inflation in Switzerland slowed to its lowest since September 2021 at 1.0%, and remained within the SNB’s target range for the tenth consecutive month. This development sparked speculation among market participants about the possibility of further monetary easing by

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 hit yet another lifetime high in the opening trade on Thursday taking cues from the international commodity prices. US Fed chair Gerome Powell’s statement that the recent job numbers and higher-than-expected inflation readings do not significantly alter the central bank’s monetary strategy, lifted the investor mood for bullion triggering a fresh wave of buying