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SINGAPORE – Oil prices rose more than $1 a barrel in early Asian trade on Wednesday on hopes of demand recovery in China as the country gradually eases some of its strict COVID-19 containment measures. Brent crude futures were up $1.15, or 1.0%, at $113.08 a barrel at 0042 GMT, while U.S. West Texas Intermediate

There’s a consistent theme of US dollar weakness across the board this week. That goes along with falling yields and rising gold. It’s a picture that looks more like a broader turn than anything we’re seeing in the stock market, though some of the strength into Friday’s close is promising. I’m not a fan of

The financial markets are generally quiet today. Major European indexes are mixed while US futures are treading water. Gold is still trying to defend 1800 handle, despite dipping earlier. Silver is also recovering ahead of 20 handle. Bitcoin and Ethereum are also staying in sideway trading. Euro is firmer in general with Dollar and Yen.

Gold prices were flat on Thursday, as an elevated dollar weighed on greenback-priced bullion and countered support from lower Treasury yields, with the metal’s outlook already dulled by an aggressive Federal Reserve stance on inflation. FUNDAMENTALSSpot gold held its ground at $1,816.63 per ounce at 0047 GMT. U.S. gold futures edged 0.1% lower to $1,814.10.

Markets: Gold up $3 to $1844 US 10-year yields down 7 bps to 2.79% WTI crude oil up 95-cents to $110.83 S&P 500 up 0.1% Nasdaq -0.3% NZD leads, EUR lags The weekly decline in the S&P 500 was the seventh in a row, which is the longest streak since 2001. The worst-ever streaks were

The forex markets are treading water today. Sentiments were lifted by China’s rate cut. UK retail sales came in stronger than expected. ECB officials continued to talk up the prospect of a July hike. But none of these triggered any meaningful moves in the markets. For the week, Swiss Franc is still the best performer,

TOKYO – Oil prices rose on Thursday, recovering from early losses, as lingering fears over tight global supplies outweighed fears over slower economic growth as highlighted by slumping global shares. Brent crude futures for July were up 97 cents, or 0.9%, at $110.08 a barrel at 0220 GMT, after falling by more than $1 earlier

A more positive risk mood is pinning the dollar lower to start the session, with the greenback giving up its slight gains earlier for the most part. The euro and yen are a touch softer still against the dollar but most other major currencies are pulling higher. GBP/USD is trading up to near 1.2500 again

Dollar and Yen traded with an undertone in Asian session today but Aussie is also mildly weaker. On the other hand, Swiss Franc is the stronger one, followed by Kiwi and Canadian. Sterling is treading water despite strong UK retail sales data. Swiss Franc is staying at the winner for the week, on talks that

NEW DELHI: Gold prices were trading flat with a negative bias on Thursday as steady US dollar and elevated Treasury yields weighed on greenback-priced bullion. Gold’s performance and outlook have also been under the cloud amid aggressive Fed monetary policy stance on rate hikes as the bank pushes to rein in soaring inflation. Gold futures

The USD was the weakest of the major currencies today. The CHF was the strongest. The strongest to weakest of the major currencies The declines in the greenback were supported by the US yields which moved lower (and are well off their recent cycle highs). Admittedly, the yields are off the lows for the day

Risk aversion is once again a clear main theme of the day, with European indexes in deep red while US futures point to extended selloff. Safe-haven flows are also pushing benchmark global yields lower, with Germany 10-year yield back at 0.9% while US 10-year yield is back below 2.8%. Swiss Franc is the overwhelming winner

Gold and silver have witnessed a sharp rally following Russia’s invasion of Ukraine. But the prices soon cooled off as a firm US dollar and upside in bond yield eroded the bullion’s sheen. Currently, gold is down 10 per cent from its record peak, having breached the Rs 50,000 mark on . Against the backdrop

Risk tones are keeping more defensive on the session but that hasn’t quite helped the dollar much this time around – at least for now. The market is keeping with flows into the franc instead, reasons are two-fold as pointed out here. But I can’t help to shake off the feeling that if the equities

Markets are back in risk-off mode as down dropped more than -1100 pts overnight. Dollar and Yen tried to rebound but there was no follow through buying. Indeed, both remain the worst performing ones for the week. Instead, safe-haven flow seems to be benefiting Swiss Franc more this time. Franc is also helped by buying

Gold prices edged higher on Wednesday, as a weakening dollar countered pressure from stronger Treasury yields and an aggressive stance on inflation by the U.S. Federal Reserve chief. A weaker dollar makes gold more attractive for buyers holding other currencies. FUNDAMENTALS * Spot gold was up 0.1% at $1,816.56 per ounce, by 0106 GMT. U.S.

Goldman Sachs has cut its forecast for 2022 China GDP to 4% from 4.5% y/y & has cut the Q2 estimate to 1.5% y/y (from 4%) Goldman Sachs says it assumes: Full-year growth is based on the assumption that Covid will remain mostly under control that the property market improves the government boosts infrastructure spending

Dollar and Yen are recovering mildly today but overall major pairs and crosses are stuck in very tight range. European majors are the weaker ones, with Sterling having a lower handle. Commodity currencies are mixed. Trading is also quiet in other markets with Gold continuing to hover slightly above 1800 handle. WTI crude oil is