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Euro is under broad-based pressure today as selloff against Swiss Franc spreads to other pairs. Yen is currently the best performer following another round of pull back in Germany, and to a lesser extent US, benchmark yields. Aussie and Kiwi are also recovering while Dollar is firm. But for the week, Swiss Franc is still

OPEC and OPEC+ begin a series of two-day meetings on Wednesday with sources saying chances of a big policy change look unlikely this month. At its last meeting in early June OPEC+ decided to speed up production cuts and to raise output each month by 648,000 barrels per day (bpd) in July and August, up

RBC energy strategist on the state of the oil market. says the oil market is currently caught between “the strongest fundamental oil market set up in decades, maybe ever,” and a deteriorating macroeconomic backdrop threatening the outlook for demand. called for the price of North American benchmark West Texas Intermediate (WTI) (CL=F)​​ crude to average

Swiss Franc continues to rise broadly today, with additional help from selloff in Euro. The common currency is weighed down by Germany CPI, which unexpectedly slowed in June. But for now, Aussie, Sterling and Yen are even weaker than Euro. On the other hand, Canadian Dollar is second strongest as supported by rebound in oil

New Delhi: Gold price in the national capital fell by Rs 176 to Rs 50,649 per 10 grams on Wednesday, reflecting a decline in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 50,825 per 10 grams. Silver also fell by Rs 443 to Rs 59,725

Sellers are keeping near-term control with the highs today failing to get above the 100-hour moving average near 0.6920 earlier in the day. We are now seeing price stumble to fresh lows of 0.6875 and that is closing in on last week’s lows around 0.6869-75. A break below that will bring the focus back to

Risk-off sentiment is back in Asia today, after US stocks were sold off on poor consumer confidence data. In the currency markets, trading is relatively subdued, with Euro and Dollar trading in soft tone. Canadian Dollar and Swiss Franc are the strongest ones for the week. In particular, Swiss Franc is extending up trend against

NEW DELHI: Gold prices opened higher on Tuesday but gave up major gains as the session progressed amid a lack of cues. Benchmark US 10-year Treasury yields eased after gains in the previous session, buoying demand for gold. The dollar was steady and its strength has put a lid on prices of greenback-priced bullion in

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

Yen is back as the worst performer on improving risk sentiment and rising yields. Dollar is trying to rally in early US session following rise in treasury yields. But strength is mainly seen against European majors and Yen only. Canadian and Australian Dollars are resilient so far. In other markets, Gold is largely staying in

Gold price in the national capital rose by Rs 52 to Rs 50,770 per 10 grams on Tuesday, according to Securities. In the previous trade, the yellow metal settled at Rs 50,718 per 10 grams. Silver, however, slipped by Rs 60 to Rs 60,128 per kg from Rs 60,188 per kg in the previous trade.

With OPEC+ meeting later this week, oil prices are looking more buoyed to start the new week after the rebound on Friday. The breakdown last week threatened to turn the technical picture to be even uglier but dip buyers stepped back in to at least salvage the situation at the weekly close. Now, WTI crude

Canadian Dollar and Swiss Franc continue to be the stronger ones in subdued trading. Euro and Dollar and trailing for now. On the other hand, Aussie and Kiwi are still the underperformer, despite recovery attempt in Asian session. Stock markets are also sluggish while gold and oil are range bound. Focuses will turn to ECB

Gold traded well within the range seen for the last few days but ended lower marking its second weekly decline. Gold traded in a narrow range above $1800/oz and ended last week with a modest 0.6 per cent decline. Gold has been stuck in a range as the central banks’ emphasis on monetary tightening has

TD on gold and the G7 ban (re this ICYMI: ) TD comments: G-7 ban on new Russian gold imports isn’t expected to impact gold trading considering the LBMA’s ban has already cut off new Russian output from major markets within the G-7. In turn, price action is reversing to reflect the minor impact on

Price actions in forex markets are indecisive today. Dollar is trying to rise after better than expected durable goods orders. It’s also support by recovery in treasury yields. But there is no follow through buying. Canadian Dollar is still the relatively firmer one while Euro is also up slightly. Yen and Aussie are the weakest

Gold price in the national capital jumped by Rs 302 to Rs 50,822 per 10 grams on Monday in line with rise in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 50,520 per 10 grams. Silver also gained Rs 781 to Rs 60,231 per kg

There’s not much in it to start the new week but calmer tones are prevailing and that should provide some comfort for risk trades – at least for the time being. Here’s a look at how equities and bonds are faring for now: Eurostoxx +1.1% Germany DAX +1.2% France CAC 40 +0.5% UK FTSE +0.8%