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The forex markets are very quiet in Asian session today, and could remain so for the day with an ultra light economic calendar. Australian Dollar and Swiss Franc are currently the stronger ones for the week, followed by Canadian and Kiwi. On the other hand, Dollar and Yen are both on the softer side, together

Bank of America Global Research makes the case for higher FX volatility for longer. “A number of central banks have recently stressed that monetary policy is data dependent and not on a pre-set path. This is a natural consequence of policy rates being closer to neutral levels and the uncertainty around the growth-inflation outlook. It

Gold in the national capital on Monday rose by Rs 97 to Rs 52,490 per 10 gram amid rise in international precious metal prices along with depreciation in rupee, according to Securities. The yellow metal had closed at Rs 52,393 per 10 gram in the previous trade. Silver also jumped by Rs 527 to Rs

The financial markets are trading with a risk-on mood today. Major European indexes are trading up while US futures also point to higher open. Commodity currencies are trading generally higher, as led by Aussie. Meanwhile, Dollar is leading Yen and Euro lower. Sterling and Swiss Franc are mixed for now, trading a bit on the

Is the Fed pivot dead? Well, not exactly. But the early whispers are certainly not ringing anymore after the hot US jobs report on Friday. That is leaving markets to believe that we are at least likely to see a 50 bps rate hike in September, with 75 bps still on the table. It’s now

NEW DELHI: Gold prices edged lower on Monday after a solid US jobs report last week boosted the prospect of aggressive interest rate hikes by the Federal Reserve, lifting the dollar and treasury yields. A solid US payrolls report pushed back against talk of recession and lifted the dollar index to its highest since July

Yen stays generally soft in relatively quiet markets in Asia. But Dollar also softens slightly. On the other hand, Australian Dollar is firmer up on steady market sentiment, as followed by Swiss Franc and Euro. Sterling and Canadian are mixed for now. The economic calendar is light this week. The most market moving even would

The major stock indices are closing the day with mixed results: Dow industrial average rose 76.63 points or 0.23% at 32803.48 S&P index fell -6.75 points at -0.16% at 4145.18 NASDAQ index fell -63.02 points at -0.50% at 12657.56 Russell 2000 gain 15.36 points or 0.81% at 1921.82 The NASDAQ index snapped a two day

There was an abrupt rise in commodity prices when Russia invaded Ukraine in the last week of February. Supply constraints and worries about inflation have helped commodity prices surge to record or multi-year highs. Although a correction was witnessed in several other commodities, natural gas prices remain unchanged. Restricted supplies from the world’s largest gas

Sanya, in Hainan province, was in the headlines last week with partial shut-ins: A full city-wide lockdown is now in place, ‘static management’ the new buzzwords from the bureaucrats in charge: cases there spiked to more than 200 on Friday movement will be restricted except for those who provide essential public services, and emergency work

NEW DELHI: Gold prices moved higher on Thursday, despite a rise in the US dollar. A pullback in the US Treasury yields also added to the bullion’s appeal. After a couple of strong economic readings this week, the focus now shifts to US jobs data due on Friday that could offer more clarity on Fed’s

Talks continued over the weekend in Vienna aimed at reviving Tehran’s 2015 nuclear deal with world powers. Iranian state media reported comments from Iran’s foreign minister Hossein Amirabdollahian, that he “stressed the need for a realistic U.S. response to Iran’s constructive proposals on various issues to make the deal work” Talks have been ongoing for

Oil prices extended losses on Friday, after hitting their lowest since before Russia’s February invasion of Ukraine in the previous session, as the market fretted over the impact of inflation on global economic growth and demand. Brent crude dropped 10 cents, or 0.1%, to $94.02 a barrel by 0047 GMT, while U.S. West Texas Intermediate

The strong set of job market data seemed to have cleared much concern over recession in the US, and set the tone for the financial markets. Benchmark treasury yields jumped as traders added bets on Fed continuing with the current pace of tightening beyond neutral. Stocks markets were resiliently firm despite that and look set

In a market environment where bad news is good news, 528K new jobs (vs 250K estimate), unemployment rate of 3.5% vs. 3.6% estimate, average hourly earnings 0.5% vs. 0.3% estimate (and a revision to the priro month to 0.4% from 0.3%), average workweek 34.6% vs. 34.5% estimates, that is not exactly bad news. In fact

NEW DELHI: Gold prices were trading flat, steady near a one-month high on Friday, thanks to a fall in the US dollar and weak US treasury yields. Traders awaited the US jobs data amid the growing recession fears boosted safe-haven demand and kept bullion on track for its third straight weekly rise. The market’s focus

The currency markets are quiet overall as focus now turns to US job data. The post BoE selloff in Sterling didn’t last long. Meanwhile, Dollar is still range bound against Euro and Yen. The greenback’s rally attempt against Swiss Franc also faltered rather quickly. Commodity currencies are steady. Most major pairs and crosses are stuck

Bank of America Global Research discusses its expectations for major central banks policy trajectory. “Assuming inflation proves indeed to be persistent, we would expect most central banks by the end of this year or early next year to bring some form of forward guidance back. Instead of hiking more, they could commit to keep interest