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
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NEW DELHI: Gold prices edged up mildly on Wednesday. Investors await the outcome of the US Federal Reserve’s meeting tonight for hints on policy tapering plans. The yellow metal held near its key psychological level. Gold futures on MCX were up 0.18 per cent, or Rs 87, at Rs 47,660 per 10 gram. Silver futures
Sterling rises broadly today despite dovish comments from a BoE policymaker. Sentiment towards the Pound is likely support by declining trend in delta variant infections. Other European majors are also firm together with Yen. On the other hand. Dollar is currently the weakest one, followed by commodity currencies. Traders are turning more cautious on the
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
Shanghai and London copper hit multi-week highs on Tuesday, as a softer dollar made greenback-priced metals cheaper to holders of other currencies. The dollar eased early on Tuesday just below recent peaks, but the safe-haven currency rebounded later in the session as investors turned their focus to this week’s Federal Reserve meeting for clues on
Overall markets are in risk-off mode today, started with steep selloff in Hong Kong and China stocks. Nevertheless, losses in Europe are limited, while DOW future is just slightly lower. In the currency markets, commodity currencies are the worst performing ones, as led by New Zealand Dollar. Yen is the strongest one, followed by Swiss
Forex news from the European trading session – 27 July 2021 Headlines: Markets: JPY leads, NZD lags on the day European equities lower; S&P 500 futures down 0.1% US 10-year yields down 1.3 bps to 1.263% Gold up 0.1% to $1,798.31 WTI up 0.4% to $72.20 Bitcoin up 0.7% to $37,995 The session began with
New Delhi: Gold in the national capital on Tuesday dipped Rs 123 to Rs 46,505 per 10 grams amid weak international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,628 per 10 gram. Silver also went lower by Rs 206 to Rs 65,710 per kg,
The forex markets are rather quiet in Asia, with major pairs and crosses stuck inside yesterday’s tight range. Risk sentiments are mixed. While US indexes extended the record runs overnight, Asian index are struggling, as dragged down by extended selloff in Hong Kong. Overall, European majors are generally firmer together with Yen. On the other
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
Pune: As Soybean futures contract on NCDEX has gone up by 21.77% during the past seven trading sessions and the upper circuit has been applied 4 times, industry body Soyabean Processors Association of India has written to NCDEX demanding that the circuit limit during the lean season should be limited to 2% per day. The
With no updates on median dot plots and economic projections, the focus of this week’s FOMC meeting would be the policy statement and the press conference. Since the June meeting, inflation has continued to accelerate. Market optimism was, however, overshadowed by the spread of Delta variant. Policymakers should likely acknowledge the strong economic developments but
Forex news from the European trading session – 26 July 2021 Headlines: Markets: GBP leads, USD lags on the day European equities slightly lower; S&P 500 futures -0.2% US 10-year yields down 4 bps to 1.246% Gold up 0.4% to $1,807.90 WTI down 0.6% to $71.66 Bitcoin up 11% to $38,500 It is shaping up
To guide market participants in assessing the performance of soy and gaur complex, the National Commodity and Derivatives Exchange (NCDEX) has decided to launch India’s first two sectoral indices in the agri-commodities space – GAUREX and SOYDEX. The methodology document for both the indices is currently available on the exchange’s website. Trading of these index
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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
Copper advanced on Friday as improved risk sentiment and a stable dollar lifted metals prices that also gained support from extended monetary policy easing in the European Union. Three-month copper on the London Metal Exchange (LME) rose 0.6% to $9,495.50 a tonne by 0702 GMT, on track to finish the week in positive territory. The