News

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 market players are striving for some respite from the selloff that has mired the market since March when it topped the $2000/oz level. Gold fell 2% last week, marking its fifth consecutive decline, its biggest string of weekly losses since 2018 when it fell for six consecutive weeks. Gold has been falling and hitting

Dollar was the strongest one for most part of the week, and even breached parity against Euro. But the greenback pared gains on late turn in market sentiment, and ended as the second best only. Swiss Franc was surprisingly the best performer, while Kiwi was the third. Yen was the weakest one, as selloff continued

The US retail sales were anticipated today along with the Univ. of Michigan consumer sentiment. Recall from last month, the sharp fall in consumer sentiment was a catalyst for the Fed to hike by 75 basis points as concerns about inflation threatened the growth prospects in the economy.. For retail sales, after stronger than expected

There seems more to the easing of oil prices than just recession fears. Oil dropped below $100 per barrel earlier this week and remained under pressure. The market mood cooled and has moved into neutral territory as indicated by the futures positions, respectively the net-length exposure by non-commercial participants. We believe that the change in

Dollar is staying as the strongest major currency in the market for now. Yen and Swiss Franc are not performing too badly, as supported by mild risk-off sentiment. But Canadian Dollar is also resilient, awaiting BoC’s decision on whether to deliver a jumbo rate hike. Aussie and Euro are currently the worst, while Sterling is

> Biden: Had a good series of meetings and Saudi Arabia Pres. Biden speaking after meeting with Saudi Arabia Had a good series of meetings and Saudi Arabia opening airspace is a big deal we have accomplished has some significant business with Saudi’s hopes it will lead to a broader normalization of relations hopes opening

NEW YORK -Oil prices gained 2.5% on Friday after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up crude production. Brent crude futures were up $2.50, or 2.5%, to $101.60 a barrel by 11:39 a.m. EDT

Dollar is starting to pare back this week’s gains in early US session, after retail sales data were not materially stronger than expectations. It looks like EUR/USD could close the week above parity, and may start to stabilize for the near term. US futures are trading higher after the data and could point to a

Major currencies are seeing little change with the dollar mostly steady, as all eyes turn towards the US retail sales data later today. Equities and bond yields are also observing light changes, so there isn’t much to work with as we get into European morning trade. After the wild swings yesterday, markets are more guarded

NEW DELHI: Gold prices were steady in Friday’s early trade but looked set for a fifth straight weekly loss. Gold futures on were marginally lower about 0.06 per cent or Rs 31 at Rs 50,197 per 10 grams. However, silver futures traded lower by 0.23 per cent or Rs 129 at Rs 54,906 per kg.

Dollar is staying is the strongest one for the week, as talks of a 100bps hike at the July FOMC meeting heat up. But upside momentum in the greenback hasn’t been really too convincing, except versus Yen. EUR/USD is still trying hard to defend parity for now. Yen, on the other hand, is staying broadly

The storyline has different twists and turns, but yesterday’s price action is similar to today’s in the major US indices. The Dow is the worst performer. The S&P is next and the NASDAQ has been the performer. Stocks moved lower earlier today and rebounded into the close. Yesterday all 3  indices  still ended up negative,

The global crude benchmark fell as much as 5.1% to trade under $95 a barrel, touching its lowest level since late February. Crude has been in decline since early June on escalating fears the US may be pushed into a recession. Shortly after the war began, Brent futures skyrocketed to above $139 as Russia’s war

Dollar stays strong in early US session after release of another record print of PPI inflation. Buying of Dollar is currently concentrated again Yen and Canadian. But the moves in Aussie and European majors are also picking up. Loonie is the worst performing one today, despite the mega 1% rate hike by BoC yesterday. It’s

The dollar is continuing its good form after the US CPI data yesterday as it is running gains across the board. USD/JPY is up over 1% on the day to fresh highs in two decades, approaching the 139.00 mark: There are large expiries at the figure level which could hold off buyers for now, alongside

NEW DELHI: Gold prices dropped on Thursday after red hot US inflation numbers spooked investors, stoking huge rate hike fears in the upcoming Fed policy meeting. The Federal Reserve is seen ramping up its battle with sky-high inflation with a supersized 100 basis points rate hike at its policy meeting on July 26-27. Gold futures

Yen’s selloff continues in Asian session today, on expectation of further divergence in BoJ’s policy with other major central banks. BoC’s mega 100bps hike overnight prompted talks that Fed could follow later in the month, given that headline consumer inflation is showing no sign of even plateauing. Dollar remains the strongest one for the week,