News

The forex markets are rather quiet in Asian session today, even though risk sentiment is positive. Most major pairs and crosses are staying inside Friday’s range, even though Yen is slightly stronger with Swiss Franc and Euro. Commodity currencies are generally soft, except Canadian, which is indeed trading notably higher against Aussie and Kiwi. Technically,

London copper prices dropped to a 16-month low on Thursday, as worried mounted that a rise in COVID-19 cases in key consumer China and aggressive U.S. interest rate hikes would tip the global economy into recession and slow metals demand. Three-month copper on the London Metal Exchange was down 1.7% at $8,628.50 a tonne, as

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

New Delhi: Oil marketing companies (OMCs) have lost an estimated ₹10-12 on the sale of a litre of petrol and diesel in the current quarter, which can be only partly offset by increased refining margins, brokerage ICICI Securities said in a note on Thursday. “Despite the strength seen in refining, overall earnings for OMCs will

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

Oil prices rose slightly in early Asian trade on Friday as nations seek to address global crude oil and fuel supply tightness. Brent crude futures rose 39 cents, or 0.4%, to $110.44 a barrel at 0012 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 37 cents, or 0.4%, to $104.31 a barrel. The

Beijing will reopen primary and secondary schools for in-person classes. Senior and middle high schools were allowed to return to classrooms from June 2, now all are reopening. Beijing shut its schools in early May and moved to online learning. It’s a mixed bag still in Shanghai. The city’s Communist Party chief spoke on Saturday,

The forex markets were rather mixed last week. Yen ended as the worst performer, but Swiss Franc was the best. Canadian Dollar rose against all but Franc, while Aussie and Kiwi were weak. Euro was mixed together with Sterling wile Dollar was ended lower against all but Yen and Kiwi. Overall, there were hints of

June 24: Gold prices were steady on Friday, headed for their second straight weekly decline, with worries over major central banks potentially implementing big interest rate hikes to target runaway inflation weighing on appetite for bullion. FUNDAMENTALS * Spot gold was flat at $1,823.20 per ounce by 0113 GMT, after hitting a one-week low of

Markets: S&P 500 up 115 points, or 3.0%, to 3914 US 10-year yields up 6.8 bps to 3.14% WTI crude oil up $2.79 to $107.66 Gold up $4 to $1826 AUD leads, JPY lags After hiking by 75 basis points instead of the 50 bps he long-ascribed to, Powell cited the jump in inflation expectations

NEW DELHI: Gold futures fell marginally on Friday morning, as the dollar stayed firm amid expectations of a 75-basis-points Fed rate hike in July. Gold August futures fell Rs 44 or 0.09 per cent to Rs 50,550 per 10 grams on in early trade. Silver July futures were trading flat at Rs 59,505.00, up Re

WTI crude oil climbed $3.35 to settle at $107.62 while brent finished the week at $113.12. Both are lower compared to last Friday’s close and that’s the second week in a row of declines but it follows a streak of seven consecutive weekly gains. Overall, crude is right in the middle of the range since

Swiss Franc is staying as the strongest one for today while markets are rather quiet elsewhere. Yen turns slightly weaker and US and European yields recover. But Dollar is also weak on overall steady sentiment. As for the week, however, Aussie and Kiwi are the worst performers, followed by Yen and Dollar. Swiss Franc and

New Delhi: Gold prices declined by Rs 70 to Rs 50,557 per 10 grams in the national capital on Friday, according to HDFC securities. In the previous trade, the precious metal settled at Rs 50,627 per 10 grams. Silver prices also declined by Rs 621 to Rs 59,077 per kg from Rs 59,698 per kg

The yen was a notable move early in Asia trading with a push in USD/JPY from 134.70 to 135.22 before falling back to around 135.50-70 levels at the moment. For now, the hold below 135.00 is still key and will be the thing to watch going into the weekly close. Elsewhere, there is little appetite

Overall, the forex markets are pretty much staying in range, except for a few. Aussie and Kiwi are the weaker ones for the week, as weighed down by negative sentiment, as well as falling commodity prices But Dollar isn’t too far behind, following the pull back in treasury yields. Swiss Franc and Sterling are the

Oil prices sold off over the past days, dropping below USD 110 from above USD 125 mid-June. Recession fears have their grip on markets, but the mood swing is rather one of ebbing optimism than swelling pessimism. We struggle to see lasting scarcity. Russian oil still finds its buyers and the cargoes simply take the

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