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Euro falls broadly today after worse than expectation PMI data. Aussie and Loonie are also weak as commodity prices pull back. On the other hand, Yen and Swiss Franc are rebounding, following the rather deep pull back in US and European benchmark yields. Stock markets are mixed with European indexes trading in red, but US

NEW DELHI: Gold futures fell on Thursday morning, as the dollar stayed stable after the comments made by the US Fed Chair Jerome Powell in his testimony to the US Senate Banking Committee. Silver futures fell over half a per cent in early trade. Powell said the Fed is not trying to engineer a recession

The near-term support around 1.2160-70 helped to stall the drop yesterday in the pair and we’re seeing a light bounce from there again now as price climbs back up to 1.2190. The 50.0 Fib retracement level of the recent swing higher is also providing an added layer of defense but all eyes now will be

While the stock markets are steady, Aussie, Kiwi, and to a lesser extend Loonie, are trading generally lower. Decline in commodity and energy prices, on concerns over recession, appear to be weighing down on these currencies. Copper prices dropped to the lowest level since March 2021, while iron ore price has fallen 15% in 2

Gold price in the national capital on Wednesday fell by Rs 205 to Rs 50,487 per 10 gram in line with a decline in international rates of the precious metal, according to Securities. In the previous trade, the yellow metal settled at Rs 50,692 per 10 gram. Silver also tumbled by Rs 926 to Rs

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Risk aversion seems to back in indecisive markets today, with major European indexes and US futures trading down. Yen and Swiss Franc are trading mildly higher, followed by Dollar. Sterling and Canadian receive little support from strong consumer inflation reading. But Aussie and Kiwi are the worse performers while Euro is mixed. Focus will turn

NEW DELHI: Gold prices dropped on Wednesday, thanks to the firm US dollar and higher bond yields. However, the bullion remained range-bound. Investors awaited fresh cues from top central banks on their monetary policy plans, especially from the US Federal Reserve. Fed chair Jerome Powell will testify before the US Congress this week. Gold futures

Overall risk sentiment is rather indecisive in the markets. While US stocks staged a strong rebound overnight, there is no follow through buying in Asia. Dollar and Yen are trading mildly higher today, together with Swiss Franc. New Zealand Dollar is leading commodity currencies lower. Sterling is mixed for now but more volatility is likely

It’s shaping up to be a risk-off day as the storm clouds are weighing on market sentiment again after a bit of a breather in the first two days this week. European equities are down heavily across the board and we’re now seeing key indices start to hit their lowest levels since March in trading

Oil prices rose almost $2 on Tuesday on high summer fuel demand while supplies remain tight because of sanctions on Russian oil after its invasion of Ukraine. Brent crude rose $1.80, or 1.6%, to $115.93 a barrel by 1209 GMT. The U.S. West Texas Intermediate (WTI) crude contract for July, which expires later on Tuesday,

The BOJ minutes to be published today are for the April monetary policy meeting. The change from the Bank of Japan at this meeting was the announcement that the Bank would continue with unlimited bond-buying of 10-year JGBs at 0.25% every business day, unless it becomes clear such an offer would draw no bids. This

Yen’s selloff accelerates today as US stocks are set to stage a rebound after the long weekend. For now, Euro is the strongest one with help from rebound against Sterling and Swiss Franc. It’s followed by Canadian Dollar, which is supported by slightly better than expected retail sales data. On the other hand, Kiwi and

NEW DELHI: Gold prices edged higher on Tuesday as the US dollar eased. A weaker dollar makes greenback-priced bullion become more attractive for buyers holding other currencies. Gold futures on were trading higher, rising about 0.19 per cent or Rs 96 to Rs 50,831 per 10 grams. However, silver futures gained close to 0.40 per

The pair is trading to the highs for the day currently around 135.30 levels as buyers try to gather conviction for a firm break and hold above the figure mark. The dollar itself is lagging amid more positive risk appetite but the yen is the worst performer on the day, not helped by rising Treasury

The markets are rather mixed in Asian session today, engaging in mostly consolidative moves. New Zealand Dollar trades broadly lower following record low consumer confidence data. But Canadian and Australian Dollars are firmer on steady risk sentiment. Dollar is also weak together with Yen while European majors are mixed. Technically, NZD/USD dips slightly after failing

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Markets are generally quiet today, with a near empty European calendar and US holiday. Major European indexes are recovering slightly but lack follow through buying. Gold and oil are staying in tight range. In the currency markets, Aussie and Kiwi recover mildly while Dollar, Yen and Euro are the softer ones. But with the exception