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Yen falls broadly in Asian session today after BoJ stands pat and even maintains a dovish bias. 10-year JGB yield also tumbles after BoJ reiterates the pledged to defend the cap. Dollar, on the other hand, rises broadly, and it’s trading as the strongest one for the week so far. Euro and Sterling are the

It did not take long for the US major indices to turn back into the negative after running higher at the open. The Dow industrial average is now down -66 points or -0.2% at 33173.42 S&P index is down -4.11 points or -0.10% at 4171.10 NASDAQ index is down -37.85 points or -0.30% at 12452.89

New Delhi: Gold prices declined by Rs 258 to Rs 51,233 per 10 grams in the local market here on Wednesday in line with lower international metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 51,491 per 10 grams. Silver also declined by Rs 327 to Rs

Selloff in Euro accelerates again today, as Germany benchmark 10-year yield tumbles back below 0.8 handle. Swiss Franc and Sterling are also the weaker ones. Australian Dollar is supported by stronger than expected CPI reading, but looks rather vulnerable into US session. Indeed the greenback is probably ready to power up again, including against commodity

The dollar continues to keep in a good spot, with the euro and pound notably slumping heavily. The latter two are not helped by worsening technical predicaments with EUR/USD testing its 2020 low of 1.0635 and GBP/USD failing to find much reprieve, sinking to its lowest level since July 2020 as sellers eye the 1.2500

NEW DELHI: Gold prices eased down on Wednesday as the dollar held ground at its highest in more than two years and pressured demand for greenback-priced bullion. The dollar held steady after climbing to its highest since March 2020 on Tuesday as concerns about slowing growth in China and expectations the Federal Reserve will aggressively

Yen and Dollar are both staying in the driving seat as risk-off sentiment continues to dominate the markets. Sterling remains the worst performing one, followed by Euro, with selling focus mainly on them. Australian Dollar recovers mildly as stronger than expected CPI data prompted some speculations that RBA could hike next week. But it’s not

The fall in the US stocks helped to reverse the European stocks over the last few hours of trading. The major indices are all closing lower on the day (the UK FTSE 100 is near unchanged). The final numbers are showing: German DAX, -1.2% France’s CAC, -0.54% UK’s FTSE 100 +0.08% Spain’s Ibex, -1.58% Italy’s

NEW DELHI: In the last few weeks Castor seed prices have moved in a range of Rs 7,000-7,300. Prices were near the Rs 7,500 mark during the last week of the previous month, but presently the commodity trades in a moderate price band. Analysts tracking the commodity said buyers are getting abundant supplies from this

Overall risk sentiment is mixed today with mild recovery in European stocks, even though US futures still point to lower open. Major global benchmark treasury yields are turning softer. Dollar, Swiss Franc and Yen are staying as the strongest ones. Selling focus, however, has turned to Sterling in Euro. Commodity currencies turned mixed for now,

As much as central banks and many are expecting ‘peak inflation’ to hit in Q2 before easing later in the year, it may not necessarily be enough. I’ve mentioned before that a distinction needs to be made between inflation falling back to 2% and inflation hitting a peak but then staying at elevated levels. If

NEW DELHI: Gold prices rose on Tuesday after hitting one-month lows in the previous session as softening of the US dollar and drop in treasury yields aided bullion’s appeal. The dollar eased from a two-year high in the previous session, making greenback-priced gold cheaper. Bullion is seen as a safe store of value during economic

Risk aversion dominates the markets in Asia with concerns on more tough lockdowns in China, including the capital city of Beijing. Dollar jumps broadly higher, with Yen and Swiss Franc as distant second and third. Aussie and Kiwi are extending last week’s decline, trading as the worst ones for today so far. Euro is the

Prior was +8.7 Output 10.8 vs 13.2 prior The company outlook index slipped to -5.5, its lowest reading in two years New orders 12.1 vs 10.5 prior Unfilled orders 10.5 vs 12.4 prior Shipments 11.8 vs 7.0 prior Wages and benefits 50.9 vs 55.2 prior Employment 24.6 vs 25.5 prior Capex 19.0 vs 19.5 prior

New Delhi: Gold in the national capital on Monday declined by Rs 316 to Rs 51,872 per 10 gram in line with fall in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal finished at Rs 52,188 per 10 gram. Silver also tanked Rs 1,010 to Rs 65,443 per

Yen, Swiss Franc, and Dollar are trading higher today on overall risk off sentiment. Selloff was particularly steep in Chinese stock markets on risks of more lockdowns in major cities, in particular Beijing. While European markets and US futures are in red, downside is relatively limited for now. Australian Dollar is still the worst performing

Industrial metals were hammered in China on Monday, iron ore futures are off 10% as I update. Oil has been hit also. The coronavirus situation in China appears to be worsening. Shanghai has ordered a further round of mass testing for tomorrow (Tuesday)and barriers have been erected in the city with no announcements apparent. Beijing

TOKYO: Oil prices extended losses on Monday amid persistent worries that prolonged COVID-19 lockdowns in Shanghai and potential U.S. rate hikes would dent global economic growth and fuel demand. Brent crude futures slid $1.90, or 1.8%, to $104.75 a barrel at 0015 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell $1.89, or 1.9%,