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Gold prices hit a near two-week low on Wednesday as investors awaited policy signals from the US Federal Reserve. Spot gold fell 0.1% to $1,774.78 per ounce by 12:32 p.m. (1632 GMT), after dipping to its lowest since April 16 at $1,762. US gold futures fell 0.3% to $1,774.20. “You’re going to see the Fed

The financial markets are generally steady today as traders are holding their bet ahead of FOMC announcement. US President Joe Biden is set to unveil a USD 1.8T package for family and education, but that’s unlikely to trigger much reaction. New Zealand Dollar and Canadian Dollar are currently the strongest ones for today, followed by

10-year Treasury yields up 1.6 bps to 1.638% Invest in yourself. See our forex education hub. The jump back above 1.60% yesterday ended up being the key story in the market and we are seeing bond sellers keep up the pressure slightly to start European trading. 10-year yields ticked up to a high of 1.641%

Palladium prices hit a record on Tuesday, spurred by persistent supply worries, while gold held a narrow range as investors awaited policy signals from the U.S. Federal Reserve‘s meeting this week. Palladium hit a record of $2,962.50 per ounce earlier and was up 0.8 per cent at $2,948.69 per ounce by 1:02 p.m. EDT (1702

Australian Dollar tumbles broadly in Asian session after weaker than expected CPI data. Sterling is following as the second weakest , and then New Zealand Dollar. Dollar firms up mildly as traders await FOMC rate decision, but the rebound is mainly centered against Yen and Aussie. Indeed, Yen was under some notable selling pressure overnight

Big cap bellwethers to start reporting after the close Two of the large cap bell weather companies  will be reporting earnings after the close today. Microsoft and Alphabet will both be announcing. Tomorrow Apple and Facebook will be reporting. On Thursday Amazon will announce earning after the close. For Microsoft the expectations are for: EPS of $1.78 vs

DUBAI/MOSCOW/LONDON: OPEC, Russia and their allies will stick to plans for a phased easing of oil production restrictions from May to July amid upbeat forecasts for a recovery in global demand and despite surging coronavirus cases in India, Brazil and Japan. The group known as OPEC+ ditched plans to hold a ministerial meeting on Wednesday,

Trading in the financial markets is rather subdued today. Swiss Franc is the stronger one at the time of writing, followed by Dollar and Sterling. Commodity currencies, on the other hand, turn softer with Australian Dollar leading the retreat. But overall movements in the markets are limited. Gold and crude oil are also struggling in

Catch up time Going into the BoC meeting the expectations were for a more bullish outlook. However, the concern at the start of last week was that rising COVID-19 cases in Canada would cause a so called ‘dovish taper’. This was that the BoC would reduce bond purchases, but somehow talk down the CAD. It’s

NEW DELHI: Gold and silver futures were trading with cuts on Tuesday as a firmer dollar dulled their appeal, while the market looked forward to cues from the US Federal Reserve’s policy meeting. The dollar index edged up against its rivals, making gold more expensive for other currency holders, while benchmark US 10-year Treasury yield

While NASDAQ and S&P 500 closed at new records overnight, there is no follow through risk-on buying in Asian session. Investors are generally still cautious ahead of Fed meeting. Dollar recovers in general but upside momentum is very weak. Canadian is extending gains and is now leading other commodity currencies slightly. Yen is mixed, having

Citi seems to think so We’re far from the depths of the pandemic bottom but the good times haven’t arrived yet. At the same time, we can now see what’s coming. US growth expectations have repeatedly ratcheted higher this year and are now in the 6-8% range. Rather than talking about low rates and fiscal

LONDON: Oil fell on Monday on fears that surging COVID-19 cases in India will dent fuel demand in the world’s third-biggest oil importer, while the end of a force majeure on exports from a Libyan terminal and an expected supply increase from OPEC+ added to pressure. Brent crude was $1.08, or 1.6%, lower at $65.03

Overall market sentiments are steady today. Commodity currencies are currently the strongest ones for today so far, as led by Aussie. Dollar is recovering despite weaker than expected durable goods orders. Euro turns after after slightly weaker than expected Germany Ifo business climate. Yen and other European majors are also weak. Dollar is currently mixed,

Daily thread to exchange ideas and to share your thoughts It is going to be a big week in the market with plenty of things to take into consideration. But by the end of it all, I would not be the least bit surprised if we continue to stick with the reflation narrative in the bigger picture

NEW DELHI: Gold futures were trading with gains on Monday helped by a soft dollar ahead of the US Federal Reserve policy meeting this week and amid rising covid threat in India. Silver futures were flat. The dollar index nursed losses against its rivals, making gold less expensive for other currency holders. Gold futures on

Dollar’s decline continues as another week starts as focus turns to Fed and BoJ, as well as a batch of important economic data. . European majors are also soft even though they managed to gain against the greenback. On the other hand, Australian and New Zealand Dollar are firmer together with Yen. Overall sentiments are