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Since the end of April trading, the pair has been in a “will it, will it not?” situation when it comes to breaking the 130.00 handle. And trading this week is no different as the Monday jump failed to hold with the 28 April daily resistance at 131.25 pushing the pair back lower. That came

NEW DELHI: Gold prices eased further on Wednesday amid a rise in the dollar while investors also awaited the US inflation data. The dollar hovered near recent 20-year highs, making greenback-priced bullion less attractive for other currency holders. Market participants will be keeping a close eye on US consumer price index (CPI) data for April

The forex markets are stuck in very tight range in Asia session today, as traders are awaiting another set of consumer inflation data from the US. For now, Dollar, Euro and Yen are the stronger ones for the week, and they’re range bound against each other. Commodity currencies remain the worst performers, as led by

WTI crude oil move down to test a key swing area today The price of WTI crude oil futures are settling at $99.76 That is down $3.33 or -3.23% The high price last Thursday peaked at $111.37 on Friday, the high price reached $111.18. Yesterday the price tumbled. That move to the downside continued today

Risk sentiment stabilizes today with rebound in major European stocks while US futures also point to higher open. Selloff in commodity currencies slow a bit but they remain the worst performers, led by Aussie. Yen, Euro and Dollar are the stronger ones, and they’re mixed against each other. Sterling and Swiss Franc are also consolidating

NEW DELHI: Gold prices were trading flat with a positive bias on Tuesday, tracking a fall in the US treasury yields. However, a strong US dollar capped gains for the yellow metal. Benchmark 10-year US Treasury yields extended their decline on Tuesday after pulling back from the highest level in 3.5 years in the previous

Most major currencies are now trading within 0.1% change against the dollar on the day and that itself hints at more of a push and pull feel for the time being. The dollar was stronger coming off the back of yesterday’s gains but gave up some ground early on as mentioned here. But things are

The markets are still staying in overall risk-off mode this week so far, with selloff in stocks, gold, oil and cryptos. Commodity currencies are trading broadly lower as as result, led by Aussie. Dollar and Yen are generally firmer, but they’re outshone by the surprisingly resilient Euro, and to a lesser extent Sterling. Technically, with

Markets: Gold down $30 to $1853 WTI crude oil down $7.41 to $102.35 US 10-year yields down 8 bps to 3.04% S&P 500 down 135 points, or 3.4%, to lowest since April 2021 JPY leads, AUD lags There weren’t any headlines driving the move to start the new week but there were some interesting quirks

New Delhi: Gold prices have been on a downtrend as rising interest rates are pushing the bond yields higher, diminishing the appeal of the yellow metal. After hitting a peak of Rs 53,600 on April 18, the yellow metal has dropped about Rs 2,000 per 10 grams in the domestic market. However, gold has not

Risk aversion is the theme of the day, with major European indexes trading in red, while US futures are also diving. Australian Dollar is leading other commodity currencies lower. While Dollar is firm, it’s losing some momentum entering into US session. In particular, the greenback is retreating after failing to break through a near term

Did someone say ‘pop’? The chart above is a rather ominous one as 10-year Treasury yields are threatening to break higher more meaningfully for the first time in decades. Yields have jumped up to 3.17% now and is closing in on the 2018 high of 3.25%. At the time, the move was capped by the

NEW DELHI: Gold prices dropped marginally on Monday as a strong dollar dented the demand for the yellow metal. The rise in Treasury yields also hit sentiments. The dollar firmed to 20-year highs against its rivals, making greenback-priced bullion less attractive for other currency holders, whereas the Indian currency hit a new lifetime low at

Markets open the week with risk-off sentiment, in particular in Japan. Australian and New Zealand Dollar are trading broadly lower as a result. On the other hand, Dollar is rising broadly. European majors are mixed together with Yen and Canadian. Technically, however, bother EUR/USD and USD/JPY are still bounded in established range even though Dollar

Week ago today, the month of April ended with the  NASDAQ  index down over 13%. The market rallied on Monday, Tuesday, and Wednesday getting the month of May off to a good start. However yesterday’s sharp declines, and follow through selling today push the major indices lower on week. In other words the markets snatched

Oil prices edged higher on Thursday, extending gains from the previous session, as a European Union proposal for new sanctions against Russia, including an embargo on crude in six months, offset concerns over Chinese demand. Brent crude futures had climbed 35 cents, or 0.3%, to $110.49 a barrel by 0209 GMT, while U.S. West Texas

The ongoing saga of the attempt to restart talks to revive Iran’s 2015 nuclear deal with world powers in … still ongoing. A couple of weekend updates. The Financial Times reported the EU’s foreign policy chief Josep Borrell told the news outlet that he was seeking a “middle way” to end the impasse Aljazeera have

May 6: Gold prices edged lower on Friday and looked set to fall for a third straight week, weighed down by a robust dollar and rising yields, while investors await the U.S. jobs report to assess its impact on monetary policy. FUNDAMENTALS * Spot gold fell 0.4% to $1,869.26 per ounce, as of 0137 GMT,