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Oil tumbled to the lowest since January as a dollar surge and global demand concerns weigh on prices despite the threat of disruption to Russian supplies. US benchmark West Texas Intermediate sank below $85 while the global Brent benchmark fell below $90. A dollar gauge reached an all-time high on Wednesday, offering a macro headwind

Canadian Dollar is steady in early US session after BoC delivered 75bps rate hike and maintained hawkish bias. Dollar remains the strongest one for the week, but continues to pick up momentum against Euro. Yen is still the runaway loser, while selloff in Sterling is intensifying. Aussie and Kiwi are clearly weighed down by risk-off

The cleanest shirt among the dirty laundry. That continues to best describe the dollar as it is ripping across the board once again in trading this week, and today is no different. The greenback is sitting firmer across the board and is pushing certain boundaries as noted earlier: With risk sentiment staying more sluggish and

Gold prices have been in a consolidation phase since May at the domestic markets and are seen finding support at Rs 49,500/10 gm mark, while the upside is restricted around Rs 52,700/10 gm mark. The aggressive monetary tightening campaign of the US Fed and strength in the dollar index have dented the investment appeal of

Dollar is trading broadly higher in Asian session today, as supported by extended rally in US treasury yield. For the same reason, Yen tumbles broadly this week, and the decline is extending. The net result is that USD/JPY reached a new 24-year high and still looks unstoppable. Canadian Dollar is trading with a mixed tone

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 rose by Rs 107 to Rs 51,092 per 10 gram in the national capital on Tuesday amid depreciation in the rupee, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs 50,985 per 10 gram. Silver also jumped by Rs 563 to Rs 54,639 per kg. The rupee depreciated

Yen’s selloff is the main theme today with USD/JPY hitting the highest level in 24 years, above 140 handle. Australian Dollar quickly turns softer after RBA delivered an expected rate hike. On the other hand, Sterling is getting a lift after Liz Truss is set to become the next UK Prime Minister while Euro remains

The RBA played it straight today, offering no major surprises as they raised the cash rate by 50 bps to 2.35% and hinted that rates are now in neutral territory. The thing about their latest move is that they are now very much following what the Fed is doing, so essentially one can think of

Gold and silver prices advanced on Tuesday amid choppiness in the US dollar and bond yields post mixed US jobs report and ahead of central bank decisions from Australia and European Central Bank. Gold futures for October delivery were trading Rs 172 or 0.34 per cent higher at Rs 50,605 per 10 gram on .

Australian Dollar is trading mixed, slightly to the soft side, after RBA’s expected 50bps rate hike. There is basically no surprise out of the statement. Dollar is paring back some of recent gains while Yen is also soft. On the other hand, Sterling is leading Euro for a rebound while Canadian Dollar is also a

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

FRANKFURT, Germany – OPEC and allied oil-producing countries, including Russia, cut their supplies to the global economy by 100,000 barrels per day cut for the first time in more than a year, underlining their unhappiness with crude prices that have sagged because of recession fears. The decision Monday by energy ministers means the cut for

Euro remains the worst performer for the day so far, as weighed down by the news that Russia’s state-controlled Gazprom would stop gas delivery via the Nord Stream 1 due to a fault. Yet, the common currency is not giving up yet, as losses are relatively limited. Dollar is the strongest one, followed by Swiss

Composite PMI 49.6 vs 50.9 prelim The revisions see the PMI data suggests that the UK economy has slipped into contraction in August with services activity crawling towards a stagnation. This is the weakest run of activity in 18 months as cost pressures remain elevated as businesses remain extremely downbeat about the outlook over the

Oil prices rose more than $2 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting later in the day. Brent crude futures had risen $2.42, or 2.6%, to $95.44 a barrel by 0641 GMT after gaining 0.7% on Friday. U.S. West

The downside breakout in EUR/USD is finally here as markets focus turns to meetings of RBA, BoC and ECB. Dollar is rising broadly, and risk-off sentiment takes Yen and Swiss Franc higher too. Euro is starting to reverse some of last week’s gain while Sterling is staying weak. Commodity currencies are currently mixed for now.

Via the Wall Street Journal (gated) Swedish and Finnish government … programs designed to make sure electricity producers can meet exchange … margin calls. Stockholm is home to Nasdaq Clearing AB, a subsidiary of Nasdaq Inc. that processes most derivative trades in the Nordic power market, which includes Finland and the Baltic countries. Under the