Yen’s selloff continues to look unstoppable as global markets are set to end the week on a strong note. Asian stocks are trading broadly higher following the solid rebound in the US overnight. Dollar is also weak, partly weighed down by the extended retreat in treasury yields, but Euro is not too far away. Commodity
News
BusinessNZ Manufacturing PMI for September 51.4 (prior 40.1) Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT A bounce back into expansion for the NZ manufacturing PMI in the month. Remarks from: BusinessNZ “Prior to the lockdown, the PMI averaged close to 60 since the start of 2021, which means
New Delhi: Gold prices rallied by Rs 455 to Rs 46,987 per 10 gram in the national capital on Thursday following firm trends in global markets, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,532 per 10 gram. Silver also jumped Rs 894 to Rs 61,926 per kg
Commodity currencies rise broadly today on the back on risk-on sentiments. Major European indexes are trading up while US futures also point to higher open. Yen is extending recent broad based decline since though treasury yields are in retreat. Dollar and Euro are following as next weakest. Sterling and Swiss Franc are mixed, helped 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 of your initial investment; do
NEW DELHI: Gold prices eased in the domestic market on Thursday, bucking the demand in global markets. Gold prices hovered near a one-month peak. The dollar and longer-dated Treasury yields retreated from recent highs following a hotter-than-expected US inflation data, which supported the bullion. Gold futures on MCX were trading down 0.22 per cent, or
Yen’s decline resumes in Asian session today, with selling focusing against commodity currencies. Aussie shrugs off slightly weaker than expected job data, and strengthen together with Kiwi and Loonie. On the other hand, Dollar turns slightly softer even though FOMC minutes affirmed tapering to start in November. Euro is not far away too while Sterling
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 of your initial investment; do
India’s coal shortage crisis reflects the precipitous decline in coal inventory at power generation plants, with inventory declining to 3-4 days, compared with the 21-day norm. Concerns have permeated across the country, worrying industrial as well as agri-dominated states, which are flagging risks of severe power cuts. This comes after reports that over half of
Dollar firms up mildly in early US session as headline CPI was back at multi-decade high, which core CPI remains stubbornly strong. The gain in the greenback is so far limited. Overall markets continue to trade in consolidative mode, with mild weakness seen in commodity currencies while Swiss Franc and Euro are rebounding. Next focus
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 of your initial investment; do
With an annual gold demand of around 900-1,000 tonnes, India is one of the largest importers of gold from the world market. However, it does not have any liquid spot market price for price discovery. The new framework by markets regulator Securities and Exchange Board of India (SEBI) lays down rules and regulations to bring
OPEC+ produced less than promised despite global energy shortage. The alliance comprised of 10 OPEC members, 9 non-OPEC producers and 3 OPEC members exempted from quotas produced a total of 40.73M bpd in September, compared with 40.26M bpd a month ago. Output from OPEC-10 and non-OPEC aggregated to 36.57M bpd, missing the quota of 36.74M
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 of your initial investment; do
New Delhi: Gold in the national capital on Tuesday rose by Rs 129 to Rs 46,286 per 10 gram amid rally in international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,157 per 10 gram. In contrast, silver dipped Rs 120 to
There is basically no change in the Yen selloff theme in the markets. But buying focus has shifted to commodity currencies, as led by Aussie and Kiwi, as well as Sterling. Euro is turning a touch weaker after poor German sentiment data, while the Pound is supported by job data. Dollar is sluggish as traders
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 of your initial investment; do
Ravindra Rao MCX Gold futures went back and forth during the trading session on Monday as it continued to hover around the Rs 47,000 mark. Now the target/resistance exists around Rs 47,380 (200-DEMA). Similarly, 20-DEMA at Rs 46,600 holds a good support. The medium-term momentum has turned positive as MACD generated a crossover buy signal.