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

Oil prices extended their gains on Friday after closing at their highest in more than two months in the previous session on hopes governments across the world may increase policy support to revive economic growth that would lift fuel demand. Brent crude futures rose 16 cents, or 0.2%, to $76.09 a barrel by 0132 GMT

Dollar strengthened modestly following the latest ISM Manufacturing PMI, which indicated some stabilization in the US manufacturing sector toward the end of 2024. Despite the improvement, the sector continues to face challenges, with half of its industries still contracting. The ISM report did little to shift expectations that Fed will pause its easing cycle at

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 February futures contracts at MCX opened flat on Friday at Rs 77,900/10 gram, which is up by 0.24% or Rs 183 while silver March futures contracts were trading at Rs 89,399/kg, up by 0.25% or Rs 226. Gold prices increased by Rs 1,356/10 grams in this week so far while silver prices went up

European currencies remain on the defensive as the new trading year unfolds, with Euro struggling near its lowest level against Dollar since 2022 and Sterling hovering close to a nine-month low. Dollar, while firm, is holding steady in narrow ranges against Yen and commodity-linked currencies, with traders awaiting fresh signals from today’s ISM Manufacturing PMI.

Axios reports that US President Biden was presented with options for a potential attack on Iran’s nuclear facilities if Tehran moves towards a nuclear weapon before Jan 20. The meeting took place ‘several weeks ago’ and Biden “did not green light a strike during the meeting and has not done so since, the sources said.”

Gold and silver markets are riding a wave of volatility, and to make sense of it all, Naveen Mathur, Director of Commodities & Currencies at Anand Rathi Share & Stock Brokers, breaks down the trends shaping bullion and currencies, while offering a glimpse into what lies ahead. 2024: A strong year for bullion Gold and

Sterling to leads declines among European currencies, with its selloff accelerating as US markets open. Downward revisions to December’s PMI manufacturing data reaffirm the grim economic outlook for both Eurozone and UK. While these revisions offered no new surprises, they underline the widespread challenges confronting major European economies. Weak growth remains a shared concern for

Prior 43.0 No change to the initial estimate with the reading being a 3-month low. The same goes for the output index, which closes the year at 41.7 and down from 43.1 in November. This just stresses on the narrative that the German manufacturing sector is still in recession territory with little optimism in sight.

Gold February futures contracts at MCX opened flat on Thursday at Rs 77,017/10 gram, which is up by 0.16% or Rs 124 while silver March futures contracts opened higher by 0.85% or Rs 742 at Rs 88,320/kg. Gold prices increased approximately by Rs 500/10 grams in this week so far while silver prices surged by

As global markets return from the New Year holiday, trading remains subdued with light activity expected until next week when full operations resume. Today’s focus will be on Eurozone and UK PMI manufacturing finals alongside US jobless claims, while tomorrow’s US ISM Manufacturing Index could provide an early glimpse of potential volatility ahead. However, the