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The major US stock  indices  are closing the day at session highs and complete a strong week after multi-week declines. The Dow snapped a 8 week down streak while the S&P and Nasdaq snapped 7 week declines. Nasdaq has best week in more than 2 months Dow is up for the 6th straight day S&P

Dollar’s correction continued last week and ended as the worst performer. Late rebound in stocks and extended correction in treasury yields are both weighing on the greenback. Yen followed as the second weakest, mainly on risk-on sentiment. On the other hand, Kiwi was the best performer, additionally lifted by hawkish RBNZ rate hike, which indicated

NEW DELHI: Gold prices were little changed on Friday, but the metal was on track for a second weekly gain following a retreat in the US dollar from 20-year highs. Gold futures on were trading lower by 0.01 per cent or Rs 4 at Rs 50,867 per 10 grams. However, silver futures were trading higher

The financial markets were anxious about the US core PCE inflation data. Not only are traders laser focused on inflation but they know the PCE is the “favored” inflation indicator for the Fed. The core PCE declined from 5.2% to 4.9% in April while the headline came in at 6.3% vs 6.6%. Admittedly, that is

Dollar stays broadly pressured today and it’s set to end as the worst performer for the week. PCE data offered some hope that inflation has finally topped. Broad risk sentiment is steady as US stocks could extend rebound in the final session of the week. Benchmark treasury yields are also trading slightly lower. Buying focus

Gold loan non-banking finance Indel Money on Friday announced tranche 2 of public issue of up to Rs 100 crore of secured, redeemable non-convertible debentures (NCDs) of the face value of Rs 1,000 each. The issue opened on May 27, 2022, and closes on June 22, 2022 (with an option of early closure in case

Headlines: Markets: NZD leads, EUR lags on the day European equities higher; S&P 500 futures up 0.2% US 10-year yields down 3.3 bps to 2.725% Gold up 0.5% to $1,858.66 WTI crude down 0.5% to $113.55 Bitcoin down 1.6% to $28,940 It was a quiet session for the most part as markets kept rather calm

Dollar is back under pressure in today, as the rebound in US stocks carry forward to Asia. Swiss Franc is also paring some gains too while Yen softens slightly. Australian and New Zealand Dollars are firm together while Sterling while Euro is mixed. Return of risk-on sentiment, as well as extended pull back in treasury

Gold in the national capital on Thursday fell by Rs 241 to Rs 50,671 per 10 grams, reflecting a decline in international precious metal prices, according to Securities. In the previous trade, the precious metal settled at Rs 50,912 per 10 grams. Silver, however, grows Rs 87 to Rs 61,384 per kg from Rs 61,297

Trading in the currency market is rather quiet today, with major pairs and crosses stuck inside yesterday’s range. Other markets are also treading water with European indexes and US futures slightly up. Benchmark treasury yields are mixed. Gold is retreating slightly while oil prices are also range bound. As for the week, Dollar remains 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

OPEC+ is set to stick to an oil production deal agreed last year at its meeting on June 2 and raise July output targets by 432,000 barrels per day, six OPEC+ sources told Reuters, rebuffing Western calls for a faster increase to lower surging prices. Western nations, grappling with record inflation rates that are threatening

The recovery in Dollar and Yen appeared to be rather short-lived, as overall risk sentiment was steady. FOMC minutes affirmed market expectations of 50bps rate hikes ahead, which is not news. That triggered little reaction in the greenback. As for today, Euro is regaining some ground together with Swiss Franc. New Zealand Dollar is the

Headlines: Markets: EUR leads, AUD lags on the day European equities higher; S&P 500 futures up 0.6% US 10-year yields up 0.7 bps to 2.754% Gold down 0.3% to $1,846.32 WTI crude up 0.8% to $111.24 Bitcoin down 2.6% to $28,975 The session started off with more of a cautious tone but we quickly moved

The RBI on Wednesday came up with norms for facilitating physical import of gold through India International Bullion Exchange IFSC (IIBX) or similar authorised exchange by Qualified Jewellers in India. In addition to agencies nominated by the RBI and by DGFT, Qualified Jewellers (QJ) as approved by International Financial Services Centers Authority (IFSCA) were permitted

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

Overall, the moves in the forex markets are still indecisive. Dollar and Yen are striking back today and rise broadly. Swiss Franc follows as the third strongest, suggesting a risk-off undertone. Nevertheless, other markets are still relatively steady. New Zealand Dollar’s post-RBNZ rally faded rather quickly. But for now, Aussie is the weakest one, followed

Gold in the national capital on Wednesday dipped marginally by Rs 13 to Rs 50,935 per 10 grams in line with weak trends in international precious metal prices along with rupee appreciation, according to Securities. In the previous trade, the precious metal settled at Rs 50,948 per 10 grams. Silver, however, gained Rs 101 to