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The US employment data was released today with nonfarm payroll adding another 390K jobs. That comes after a 436K jobs increase in the prior month (was 428K). The expectations for the month was for 325K. Although lower than the prior month, it still represented a solid gain at this point in the cycle. Since January

Commodity currencies remain in the driving seat for the week, with Aussie having a slight upper hand over Loonie. Both are supported by firmer risk sentiments, as well as expectations for more tightening. Yen is the runaway loser for the week and looks set to resume broad based down trend. Dollar is mixed for now,

Gold prices rose by Rs 294 to Rs 51,236 per 10 grams in the national capital on Friday, according to Securities. In the previous trade, the yellow metal finished at Rs 50,942 per 10 grams. Silver also zoomed by Rs 523 to Rs 62,577 per kg from Rs 62,054 per kg in the previous trade.

ISM nonmanufacturing index ISM non-manufacturing PMI 55.9 vs 56.4 estimate. Last month 57.1 employment 50.2 vs 49.5 last month. 9 industries reported increases while 6 industries reported declines including retail trade, finance insurance, agricultural, information, management in companies and public administration new orders 57.6 vs 54.6 last month. 15 industries reported growth while 2 reported

Dollar jumps broadly in early US session after stronger than expected headline non-farm payroll numbers. For now, the greenback is still behind Canadian and Australian Dollar in the weekly race, however. On the other hand, Yen’s selloff is extending again, as pressured by strong rally in global benchmark treasury yields. European majors are mixed, with

Oil prices were roughly unchanged on Friday, clinging to gains made in the previous session on doubts that producers belonging to OPEC+ can hike their crude output enough to make up for lost supply from Russia. U.S. West Texas Intermediate (WTI) crude futures were up 1 cent at $116.88 a barrel at 0112 GMT, while

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’s selloff continued overnight together with strong rebound in US 10-year yield. The Japanese currency remains pressured in Asian session and remains vulnerable. At the same time, Euro and Sterling are also weakening notably. Dollar is rebounding, but for now, Canadian and Australian are still the strongest one for the week. There is prospect for

Gold in the national capital on Thursday jumped Rs 434 to Rs 50,887 per 10 grams, supported by rally in the yellow metal prices in the international markets along with rupee depreciation, according to securities. In the previous trade, the precious metal finished at Rs 50,453 per 10 grams. Silver also rallied by Rs 918

The major US indices are opening marginally lower in early US trading. The Dow industrial average is near unchanged. The S&P is down about -1.16%. Shares were trading higher in premarket trading until Microsoft announced that they were adjusting their earnings as result of foreign-exchange. With Microsoft being a large cap stock with a corresponding

Dollar weakens mildly further after worse than expected ADP job data. But selloff is limited as traders are probably cautious ahead of tomorrow’s non-farm payrolls. But overall, Yen remains the worst performing one for the week. Sterling and Euro are the next weakest even though both are trying to recover some ground. Australian Dollar is

Oil prices fell by around $3 a barrel in early Asian trade on Thursday as investors cashed in on a recent rally with a key producers meeting later in the day set to pave the way for expected output increases. Brent crude was down $2.76, or 2.4%, at $113.53 a barrel at 0024 GMT, having

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

Strong rally in USD/JPY is the main focus in Asian session today, following the strong rebound in benchmark US treasury yields. Yen is also staying as the weakest one. But for now, Canadian Dollar and Australian Dollar are both stronger than the greenback. The Loonie’s rally slowed some what as WTI crude oil was rejected

New Delhi, Jun 1 (PTI) Gold in the national capital on Wednesday declined by Rs 353 to Rs 50,509 per 10 grams amid muted global trends along with rupee appreciation, according to Securities. In the previous trade, the precious metal finished at Rs 50,862 per 10 grams. Silver dipped Rs 123 to Rs 60,834 per

Prior was 59.2 Business confidence at lowest since Oct 2020 Rate of cost  inflation  at highest in six months Near-record rise in output costs New orders rose sharply in May Export orders rising at the slowest rate for four months Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, said: “A solid expansion of

Australian Dollar is leading commodity currencies higher again, on the back of positive market sentiment. The Aussie is additionally support by better than expected GDP data, which affirms the case for more RBA rate hike. Canadian Dollar is also firm, awaiting BoC’s hawkish rate hike. Yen is the worst performing one, following the rally in

Saudia Arabia, Russia and their allies are likely to stick to their policy of modest oil output increases when they meet Thursday after the EU banned most imports from Moscow. European Union leaders agreed on Monday to ban more than two-thirds of Russian oil imports, tightening economic screws on the country over its invasion of