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The financial results from AMZN after the US regular hours close saw the shares trashed on a disappointing outlook. AAPL shares were hit soon after despite beats on revenue and EPS. The data focus for the session was on Japan inflation. The Tokyo area CPI for October came in higher than expected on all three

Gold prices were flat on Friday but headed for a second week of gains, as some weak U.S. economic data fanned expectations that the Federal Reserve might ease the aggressive pace of raising interest rates beginning December. FUNDAMENTALS * Spot gold was flat at $1,663.22 per ounce, as of 0130 GMT but it was up

Dollar remains broadly softer, and stays as the worst performer for the week. It’s partly dragged down by the pull back in treasury yields, with 10-year yield breaching 4% handle overnight. Canadian Dollar is the next weakest, after the smaller than expected 50bps rate hike by BoC. On the other, Sterling remains the winner on

Lowest since May 2020 Prior was +1 Production -22 vs +2 prior New orders -16 vs -11 prior Prices paid for raw materials +26 vs +41 prior Comments in the report: “Prices paid for commodities still through the roof. No relief in sight. Labor is still hard to find. Economy is still decent – lots

Gold price fell by Rs 101 to Rs 51,024 per 10 gram on Thursday amid weak global trends and appreciation in rupee, according to Securities. In the previous trade, the yellow metal had closed at Rs 51,125 per 10 gram. Silver also declined by Rs 334 to Rs 58,323 per kg. The rupee appreciated 67

Euro softens broadly today after ECB delivered 75bps rate hike as widely expected. President Christine Lagarde delivered no specially hawkish message that could give Euro another lift. On the down hand, Dollar is recovering, with some help from better than expected GDP data. But the greenback remains the worst performed followed by Canadian and Swiss

The European Central Bank meeting is today. The Bloomberg survey shows near unanimity in forecasts for a +75bp rate hike. All but 2 economists of 51 that Bloomberg surveyed expect a 75bps hike. This will take the deposit rate to 1.5%. Market pricing is nailing +75bp too. EUR/USD has dribbled a little lower on the

Gold prices rose on Thursday, as the U.S. dollar and Treasury yields fell on mounting expectations of slower monetary policy tightening by the Federal Reserve later in the year. FUNDAMENTALS * Spot gold rose 0.3% to $1,669.16 per ounce by 0116 GMT, after hitting a two-week high on Wednesday. * U.S. gold futures were up

Dollar was sold off overnight as stock markets extended rebound. But there is no clear downside breakout in the greenback yet. For now, Sterling is the strongest one for the week as political situation in the UK appears to have stabilized. Euro is the second best as helped by rally against Swiss Franc. Dollar is

The major US indices are opening mixed. The major indices up for 3 consecutive days. That streak is in jeopardy The Dow industrial average is trading marginally higher, while the S&P and NASDAQ index are lower after earnings from Microsoft and Google were disappointing. Meta announces earnings after the close. Amazon and Apple report tomorrow.

Oil prices eased on Wednesday after industry data showed U.S. crude stockpiles rose more than expected, but losses were capped by supply worries. Brent crude futures for December fell 72 cents, or 0.8%, to $92.80 a barrel by 0330 GMT, after settling 26 cents higher in the previous session. U.S. West Texas Intermediate (WTI) crude

Dollar’s decline takes off today on talks that poor economic data would prompt Fed to slow down the tightening pace sooner than earlier expected. Treasury yields also tumbled, adding some more weight to the greenback. Yet, it should be noted that inflation remains Fed’s biggest worry. There is little room for a pause if inflation

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Leading stock exchange BSE has launched Electronic Gold Receipt (EGR) on its platform, a move that will help in efficient and transparent price discovery of the yellow metal. It introduced two new products of 995 and 999 purity during the Muhurat trading on Diwali and trading will be in multiples of 1 gram and deliveries

The Asian markets are generally quiet today, with the expectation in China. The Shanghai SSE reversed earlier losses and surged before the break, with talks of buying by the “national team”. But Yuan’s decline continued and hit another record low. In the forex markets, most major pairs and crosses are bounded inside yesterday’s range. Today’s

Prior was 108.0 (revised to 107.8) Present situation 138.9 vs 149.6 prior Expectations 78.1 vs 80.3 prior Jobs hard-to-get 12.7% vs 11.4% prior This index had fallen to 95 in July so it’s not any kind of shocking decline and these numbers track gasoline prices closely. “Consumer confidence retreated in October, after advancing in August

Gold prices in the national capital declined Rs 196 to reach Rs 50,702 per 10 grams on Tuesday, taking cues from weak global prices, according to Securities. The yellow metal had settled at Rs 50,898 per 10 grams on Monday. Similarly, the COMEX spot price of gold marginally fell to USD 1,643.2 per ounce compared

It’s an extremely slow day in the markets. Sterling appears to be a touch stronger after Rishi Sunak finally become the third UK Prime Minister in Two months, accepting King Charles’s request to form a government. Meanwhile, Swiss Franc is slightly on the softer side. But overall, most major crosses and pairs are staying range