News

The US dollar has reversed course. I’m sure the initial move was on the release of an article from WSJ Fedwatcher Nick Timiraos that highlighted a 50 bps hike in December but this move is too big for that alone. I mean, it’s certainly a crowded trade but EUR/USD is now up 80 pips from

Gold price in the national capital fell Rs 372 to Rs 50,139 per 10 grams on Friday amid a decline in the yellow metal prices in the international market, according to Securities. In the previous trade, the precious metal had settled at Rs 50,511 per 10 grams. Silver also declined Rs 799 to Rs 56,089

Dollar surges broadly today as risk sentiment turns sour again while treasury yields continue to march higher. Yen is apparently weak, with Japan absent from intervention despite the steep decline. But Sterling and Swiss Franc are worse, Commodity currencies are also turning south, with Kiwi on the weaker side. Stronger than expected retail sales data

The late-US low in cable has given way and so it’s a new post-post-Truss low with the pair shaving off 33 pips already. There’s a chance only one UK Conservative gets the support of 100 MPs on Monday and is acclaimed as PM, so that’s the date to watch. If it’s an acclimation, that would

Indian households have long treated precious metals, such as gold and silver, as a store of wealth. In fact, many Indians consider it auspicious to buy these precious metals around Dhanteras and Diwali. However, apart from being shiny and attractive, many people are not aware of the industrial applications of these precious metals, especially silver.

Risk-off sentiment and rising treasury yields are giving Dollar some support again. The greenback’s strengthen is more apparent against commodity currencies, which is reasonable. European majors are mixed for now, with Euro a touch more resilient. Meanwhile, Yen is indeed trying to recover against everyone but Dollar. There is no clear sign of intervention for

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

New Delhi: Gold price in the national capital fell Rs 66 to Rs 50,516 per 10 grams on Thursday due to weak global trends, according to Securities. In the previous trade, the precious metal had settled at Rs 50,582 per 10 grams. Silver, however, climbed Rs 101 to Rs 56,451 per kilogram from Rs 56,350

Dollar softens slightly today after failing to have a decisive rally against Yen. Nevertheless, the battle for 150 is still on. Sterling is lifted slightly by news of UK Prime Minister Liz Truss’s resignation, but there is no follow through buying. Commodity currencies are trading mildly higher as risk sentiment stabilized. Overall, there is no

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

New Delhi: Gold prices were trading flat on Wednesday as investors assessed mixed signals including a slightly weaker dollar, rising treasury yields and hawkish commentary from the Federal Reserve. Bullion has had a tepid week so far, scraping modest gains as the greenback’s strength fades slightly. The US currency remains a headwind as the Federal

Dollar rises broadly today, with help from bonds as 10-year yield tops 4.1% in pre-market. Canadian Dollar is also slightly firmer after CPI report. Other parts of the markets are mixed. Yen is dropping towards 150 with Dollar, but recovers elsewhere. Swiss Franc is weakening against both Euro and Sterling but loss is limited. Aussie

Canada headline CPI Prior 7.0% CPI MoM 0.1% vs. 0.0% expected CPI year on year rose 6.9%. This was the 3rd consecutive monthly decline in the headline inflation. Gasoline prices are mostly responsible for the deceleration. Higher food prices offset the declines gasoline prices drop -7.4% in September. That followed a -9.6% decline in August

New Delhi, Gold prices fell by Rs 276 to Rs 50,471 per 10 grams in the national capital on Wednesday due to weak global trends, according to Securities. In the previous trade, the precious metal had settled at Rs 50,747 per 10 grams. Silver also declined Rs 487 to Rs 56,406 per kg from Rs

Yen remains the worst performer for the week but selling appears to have slowed after Japan’s intervention yesterday. Dollar is following as next weakest, as risk sentiment stabilized. Also, Dollar bulls are clearly on guard against sudden volatility in Yen. Australian Dollar is the strongest one together with New Zealander. European majors are mixed, with

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

Malaysian palm oil futures jumped nearly 5% on Tuesday, hitting their highest in nearly seven weeks, helped by a continuous decline in the ringgit and concerns over global edible oil supply. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange gained 183 ringgit, or 4.7%, to 4,070 ringgit ($863.94) a

Japan appeared to have intervene in the currency markets again today. But USD/JPY is holding its head up, staying resilient around 32-year high. Both Dollar and Yen are among the worst as the financial markets are basically trading with solid risk-on sentiment. New Zealand and Australian Dollar ride on such sentiment and are the strongest