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USDCAD has 8 straight days of lower lows The  USDCAD  started the trading day today with a move to the upside. That move saw the price of the pair break above its 100 hour moving average on 2 separate occasions. Looking at the hourly chart, last Thursday, the price briefly moved above the 100 hour

Selloff in Yen and Swiss Franc is still the main theme today even though US and Germany benchmark yields are retreating slightly. Australia was only lifted very briefly by the larger than expected rate hike by RBA. Though, Aussie is maintaining gains against Kiwi, which is the worst performing one for the day. On the

Oil prices inched higher on Tuesday on expected demand recovery in China as it relaxed tough COVID curbs and doubts a higher output target by OPEC+ producers would ease tight supply. Brent crude futures were up 19 cents, or 0.2%, at $119.70 barrel at 0050 GMT. U.S. West Texas Intermediate (WTI) crude futures were up

The yen continued dropping steeply. USD/JPY rose above 132.00 in early trade and then to above 132.75 with Kuroda testifying in parliament without expressing much concern at all on the weak yen. Bank of Japan Governor Kuroda addressed issues on the economy and policy for around an hour before finally moving on to the yen.

Major Asia indexes trade mildly higher today but the forex markets are quiet. Trading will likely be subdued ahead with Swiss, France and Germany on bank holiday, while the US economic calendar is empty. But an eventful week will kick start with RBA rate decision tomorrow, followed by ECB on Thursday. Then the week would

LONDON -Oil prices topped $120 a barrel in choppy trade on Monday buoyed by Saudi Arabia raising its July crude prices but amid doubts that a higher output target for OPEC+ oil producers would ease tight supply. Brent crude was up 64 cents, or 0.5%, to $120.36 a barrel at 1339 GMT after touching an

The horse-trading is well underway as Boris Johnson attempts to remain Prime Minister. It will take the votes of 180 Conservative MPs to oust the PM in today’s vote, which will start at 6 pm London time but won’t be announced until 3 hours later (although knowing UK politics, it will leak). The betting is

Overall market sentiment is positive in the market today, even though trading is subdued with some European countries on holiday. Sterling is trading higher with commodity currencies. On the other hand, Swiss Franc is is the weakest one, followed by Yen and Dollar. Euro is mixed for now. In other markets, Gold is struggling in

NEW DELHI: Gold prices gained on Monday after the US treasury bond yields slipped. However, bullion’s outlook remains vulnerable to aggressive interest rate hikes by central banks. The Fed is on track for half a point interest rate increases at June and July policy meetings, and Friday’s jobs report raised the possibility of rate hikes

Major FX rates stayed in fairly small ranges throughout the session here to open the new week. In addition to the small ranges there is very little net change across the majors. With the UK returning from a four-day holiday the session ahead should be much busier. Oil was more active. The major news item

Gold prices inched up marginally to a month’s high on Friday, thanks to a muted US dollar that has added to the sheen of the yellow metal. Bullion was on track for the third straight weekly gain. Gold prices advanced amid a retreat in the dollar index and disappointing macroeconomic data from the US, said

The Walmart CEO Douglas McMillon is on the wires saying That he is working really hard on the costs Concerned about the inflation rate Seeks to limit price increases for basic foods It will take this quarter and next to work through inventory Supply chain snarls started to ease in February looking to drive volume

Gold prices on Friday increased by Rs 57 to Rs 51,326 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 57 or 0.11 per cent at Rs 51,326 per 10 grams in a business

MON: Chinese Services PMI Final (May). TUE: RBA Announcement; EZ Sentix (Jun); EIA STEO. WED: RBI Announcement; NBP Announcement; Japanese GDP Final (Q1); EZ Employment Final (Q1) and GDP (Q1 Revisions). THU: ECB Announcement; Chinese Trade Balance (May). FRI: CBR Announcement; Chinese Inflation (May); Norwegian CPI (May); US CPI (May); Canadian Labor Market Report (May);

After days of mixed trade near the $1850/oz level, gold edged up and tested the highest level since early May indicating that bulls are becoming more active. However, with a late-week sell-off, it ended with a minor decline for the week, it’s first in three weeks. Gold bulls became active amid increased volatility in the

The major US stock indices are ending the day lower led by the NASDAQ index which declined by 2.4% For the shortened trading week, the indices were down 3 of the 4 trading days. After snapping a 7 week decline in the S&P and NASDAQ index ended 8 week decline in the Dow industrial average,

It’s another poor week for Yen following the rally in benchmark treasury yields in US and Europe. It should be noted again that BoJ has a 0.25% cap on 10-year JGB yield, and thus, gaps are widening. Sterling was a distant second weakest, on risks of stagflation while Swiss Franc also softened. Canadian Dollar was

Steel prices in the domestic market have fallen by almost a tenth in the two weeks since the Centre levied export duty on the alloy, a trend underscored by the seasonal slowdown in demand. Prices of domestic benchmark hot-rolled coil (HRC) steel at the traders’ end have slipped by about 8% or ₹5,500 to about