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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

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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

The pair is trading at the lows for the day now, with the dollar holding in a decent spot in trading today. Only the kiwi can really have anything to shout about against the dollar and that owes to higher-than-expected inflation data as noted here. As for the pound, the recent relief bounce is looking

Gold prices in the national capital fell Rs 10 to Rs 50,783 per 10 grams on Tuesday amid appreciation in rupee, according to Securities. In the previous trade, the precious metal had closed at Rs 50,793 per 10 grams. Silver, however, climbed Rs 774 to Rs 57,064 per kilogram from Rs 56,290 per kg. The

Commodity currencies are generally stronger today following the rebound in risk markets. New Zealand Dollar is leading the way as additionally supported by stronger than expected consumer inflation reading. There are some talks that RBNZ would opt for a larger than before hike at the upcoming meeting. Dollar, Euro, and Yen are currently the worst

The USD moved lower today, helped by risk-on flows in some of the beaten down currencies. The GBP and the AUD are the strongest of the majors. The EUR and the NZD were also on the margin higher today. The GBP moved higher with the help of dismantling of the fiscal measures by the newest

NEW DELHI: Gold prices rose on Monday, supported by technical trading after the previous session’s steep fall and a pause in the dollar rally. However, an impending oversized rate hike by the US Federal Reserve limited bullion’s appeal. A “hotter-than-expected” September inflation report doesn’t necessarily mean the US central bank needs to raise rates higher

Sterling is trading as the strongest one for today so far, even though there is not clear follow through buying except versus Yen. The Pound is supported by UK Finance Minister Jeremy Hunt’s decision that the government will reverse “almost all” the tax measures in the Growth Plan announced just three weeks ago. Yen’s decline

The pair was holding around 1.1280 before Hunt’s statement came and right after, it pushed to a high of 1.1330. That came as the dollar also softened as risk trades extended gains but now we’re seeing a bit of a pullback in cable to 1.1270-80 levels again. One can argue that we already saw the

Gold price in the national capital fell Rs 40 to Rs 50,833 per 10 grams on Monday amid a fall in the precious metal prices in the overseas market, according to Securities. In the previous trade, the yellow metal had touched Rs 50,873 per 10 grams. Silver also declined by Rs 594 to Rs 56,255

The forex markets are rather steady in quiet Asian session today. Dollar is paring some gains while Euro and Yen are soft too. Sterling is leading the way higher, followed by commodity currencies. But overall, almost all major pairs and crosses are bounded inside Friday’s range. The economic calendar is also rather light today. Traders

Chinese President Xi Jinping gave his speech opening the 20th Communist Party congress in Beijing on Sunday. Bloomberg’s summary provides no relief for those looking for a change to the one-party state’s approach to the management of coronavirus: Xi praised Covid Zero, his no-tolerance approach to containing infections Nor on the imploding property sector: His

Soybean prices have been trading lull despite soybean crop loss due to the recent rainfall. Prices are likely to correct further due to higher production and carryover stock. Prices of soybean can correct to Rs 4,500 per quintal in the coming weeks. The soybean crop has been damaged by 0.34MMT in MP and Rajasthan due

Mounting concerns over slowing demand from the top commodity consumer China, recession worries in top economies, and a strong US dollar weighed down base metals. Prices decreased heavily from the first quarter of the year when commodity prices rallied to multi-year highs immediately after the Russian invasion of Ukraine. China’s demand for industrial metals has