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It is tough to make sense of market flows in times like these. The dollar slumped heavily yesterday despite a more risk-off tone as equities sold off hard, with Treasury yields turning an early advance in Europe into a big tumble in US trading. There are a lot of moving parts and it isn’t easy

Yen trades broadly lower today after BoJ left monetary policy unchanged, including keeping the 10-year JGB yield cap. Selling is not too fierce for now on mixed sentiment in the Asian markets. But if global stocks stage a pre-weekend rebound, the decline in Yen could quickly intensify. Meanwhile, Swiss Franc is still the strongest one

Gold prices in the national capital rose by Rs 21 to Rs 50,602 per 10 grams on Thursday in line with recovery in global prices, according to Securities. In the previous trade, the yellow metal settled at Rs 50,581 per 10 grams. Silver also jumped by Rs 37 to Rs 60,525 per kg from Rs

WTI crude oil fell as low as $112.31 today but turned around late in the day to finish up $2.27 to $117.58. We’ve seen this story before. The oil market has been walloped by headlines about China lockdowns, SPR releases, OPEC+ surprises and a looming recession and yet prices hold up. That continues to point

Swiss Franc surges sharply higher today after surprised rate hike by SNB. Sterling also rises on BoE rate hike with hawkish voting. Yen is following closely on risk aversion but Dollar is lagging slightly behind. The greenback is still digesting post FOMC position adjustments. Risk-off sentiment sends commodity currencies lower, as led by Aussie. But

NEW DELHI: Gold prices edged higher on Thursday on the back of mild weakness in the US dollar. A widely expected interest rate hike by the US central bank sent the currency tumbling. The US Federal Reserve on Wednesday approved a 75-basis-point interest rate hike, its largest in more than a quarter of a century,

The firm argues that the ECB’s decision to pursue a new tool to contain the rout in Europe’s bond markets is paving the way for it to deliver more aggressive tightening measures in the months ahead. “This reduces uncertainties for the second half of the year. The deployment of the anti-fragmentation tool clears the pathway

US stocks recovered overnight after Fed delivered the 75bps rate hike as market priced in, while Dollar and yields retreated. Asian markets are mixed with some weakness seen in Hong Kong HSI. For the week, the greenback remains the strongest one, except versus Yen which it’s paring gains against. Sterling is the worst performing as

Gold prices in the national capital rose by Rs 3 to Rs 50,304 per 10 grams in line with a jump in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 50,301 per 10 grams. Silver also gained Rs 304 to Rs 60,016 per kg from

The dot plot for June 2022 shows the median rate at the end of 2022 at 3.4%, up from 1.9% in March 2022. With the current rate at 1.7%, that implies an additional 170 bps. For 2023, the median Fed funds target rate is up to 3.8%, up from 2.8% in March 2022 or an

The forex markets are generally staying inside yesterday’s range so far today. Stocks in Europe and US futures are recovering while treasury yields retreat. Traders are clearly turning cautious ahead of FOMC rate decision. The question is whether Fed would deliver 75bps hike as markets priced in, or stick to its 50bps per meeting plan.

NEW DELHI: Gold prices gained mildly on Wednesday, on the back of weaker treasury yields, ahead of the US Federal Reserve’s meeting. However, the firm US dollar capped gains. Investors have dramatically raised their bets that the Fed will hike interest rates by 75 basis points (bps) rather than 50 bps, a swing in expectations

An ECB spokesperson said that “the Governing Council will have an ad-hoc meeting on Wednesday to discuss current market conditions” and that surely refers to the bond market rout in Europe, which has seen Italian yields explode and spreads widen considerably in the past week. The central bank didn’t offer any hints about dealing with

The forex markets are steady in tight range in Asia, while Dollar remains the strongest one for the week. Main focus today is on whether Fed would deliver a 75bps hike as markets fully priced in, or stick to its “original plan” of 50bps hike per meeting. Yen is staying as the second strongest on

Oil prices rose about 2% on Tuesday as tight global supply outweighed worries that fuel demand would be hit by a possible recession and fresh COVID-19 curbs in China. Brent crude futures rose $2.60, or 2.1%, to $124.87 a barrel at 1405 GMT, while U.S. West Texas Intermediate (WTI) crude rose $2.42, or 2% to

One of the driving forces behind  inflation  has been the cost of housing and rents, along with the wealth effect that comes with it, and the instability that potentially could cause if the bubble breaks. Redfin, the large real estate brokerage company, has asked about 8% of its employees to leave today. The site a

Sterling’s selloff resumes today, after job data added to expectation that BoE would lag far behind Fed in tightening. Weak market sentiment sends commodity currencies lower. Thanks to buying against the Pound, Euro is so far the strongest one for today, leading Dollar, Yen and Swiss Franc. But still, Euro is far behind the greenback

NEW DELHI: Gold prices hovered near four-week lows on Tuesday on the back of profit booking. Firm US dollar and bond yields also dented the bullion’s appeal. Asian shares tumbled on Tuesday after Wall Street hit a confirmed bear market milestone and bond yields struck a two-decade high on fears that aggressive US interest rate