NEW DELHI: Gold prices dropped on Tuesday, nearing their weekly lows as the US Treasury yields spike ahead of an expected rate hike from Federal Reserve on Wednesday. Peace talks between Russia and Ukraine also dampened the bullion’s appeal. Russian and Ukrainian delegations held a fourth round of talks on Monday. Gold futures on MCX
Month: March 2022
Sentiment is mixed overall as Russia invasion of Ukraine is continuing. Asia is split into two world, with Nikkei and Singapore markets steady. But Hong Kong and China stock markets are in steep selloff again, after US warned China of helping Russia of easing the impact of sanction. The upbeat Chinese data are generally ignored.
What you need to take care of on Tuesday, March 15: Market players tried to be optimistic about a diplomatic solution to the Russia-Ukraine conflict but were unable to do so. The positive sentiment diluted as the day went by, with Wall Street ending the day in the red after a strong opening. The latest
AUDUSD moves below its 100 day MA The AUDUSD moved lower into the North American session but found support buyers against its 100 day moving average (and 61.8% retracement of the move up from the February 24 low). After spending six or so hours with buyers leaning against that key moving average, it was eventually
Saudi Arabia has to be wondering if what happened to Russia can happen to it. The Kingdom has been an ally of the US and was the first place Donald Trump visited but Bin-Salman was undoubtedly ratteld by the Jamal Khashoggi fallout and watching the social media pressure heaped to do more on Russia after
South by Southwest, one of Austin’s biggest festivals with exhibits from tech industry leaders, films and musical acts, kicked off its first weekend — and the theme for many seemed to be nonfungible tokens, or NFTs. From Friday to Sunday, companies from Doodles to luxury car manufacturer Porsche offered NFT-themed exhibits to the thousands of
New Delhi: Gold on Monday declined by Rs 362 to Rs 52,443 per 10 grams in the national capital in line with its weak international prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 52,805 per 10 grams. Silver also tumbled Rs 612 to Rs 69,665 per kg from
European stocks are recovering mildly as Ukraine is going to have another round of talks. But overall sentiment is vulnerable is Russia continues massive shelling and there is no sign of a real stop in its invasion. In the currency markets, Yen’s broad based decline continues today, but Aussie is the weakest, partly weighed down
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Geopolitical risk premium has already emerged but major currencies could still deviate sharply from what fundamentals can imply, amid ongoing uncertainties. Bigger unknowns over the near term should weigh in favour of the USD, in the view of economists at HSBC. Anti-cyclical currencies, in particular the USD, performs better when the global economy is slowing
USDJPY trades the highest level in five years The price of the USDJPY as traded to the highest level in five years on a surge higher today (highest level since the week of January 8, 2017). Looking at the weekly chart, the move higher today surpassed the February 6, 2022 high at 116.33. Looking at
That is the key risk event on the calendar in the week ahead, outside of the usual Russia-Ukraine shenanigans and also the BOE policy meeting on Thursday. We’ve gone from the Fed will hike 25 bps to the market pushing for the Fed to hike 50 bps to Fed officials paring back those expectations to
NEW DELHI: Gold prices dropped on Monday following a rise in US Treasury yields on the back of rate hike expectations by the US Fed later this week. Higher hopes of truce between Russia and Ukraine, pushed the appetite for riskier assets higher, which further dented bullion’s appeal. Gold futures on MCX were trading lower
Dollar is lifted by risk aversion sentiment in Hong Kong and China in Asian session today. The greenback’s strength is particularly apparent against Yen, Aussie and Kiwi. Euro is trying to recover against others but such recovery remains weak. The uncertainty over Russia invasion of Ukraine will continue to cap Euro’s rebound. The economic calendar
GBP/JPY looks to post solid gains on Friday having bounced from earlier sub-152.00 levels, but failed to hold above 153.00. The 200DMA in the 153.20s plus waning risk appetite on during US hours amid geopolitical worries weighed on the pair. GBP/JPY upside on Friday has waned somewhat since the start of US trade, with the
USDJPY find support buyers near the 100 bar moving average The USDJPY is retesting – now breaking above – the earlier high for the day at 117.055. That takes price to a new high going back to the week of January 8, 2017. A topside trendline on the weekly chart cuts across at 117.55 area
Ripple‘s XRP price risks dropping by more than 25% in the coming weeks due to a multi-month bearish setup and fears surrounding excessive XRP supply. XRP descending triangle XRP has been consolidating inside a descending triangle pattern since topping out at its second-highest level to date — near $1.98 — in April 2021. In doing so, the XRP/USD pair
NEW DELHI: India’s National Stock Exchange (NSE) said on Saturday it planned to set up a new domestic spot gold exchange that would bring more efficiency and transparency to bullion pricing. NSE will create the exchange together with the India Bullion and Jewellers Association, which represents industry members in the world’s second largest consumer of
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