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The US dollar is generally a little firmer across the major FX board today, with USD/JPY a notable mover back towards 128.50 (well shy of its highs into the 129s on Wednesday). There was no catalysing move for the USD/JPY gains, market volatility is providing the swings. NZD/USD was another notable mover. Q1 CPI data

Oil prices traded higher but in a narrow range on Thursday, after being rocked earlier in the week by supply losses from Libya and a worrying outlook for demand as the International Monetary Fund cut its global growth forecasts. Brent crude futures rose 55 cents, or 0.5%, to $107.35 a barrel at 0117 GMT, recouping

Japan’s benchmark 10-year JGB yield is pulled above BoJ’s cap of 0.25% in Asian session today. That triggered intervention by BoJ to defend the ceiling. At the same time, USD/JPY breached 129 handle but quickly retreated, on talks that BoJ could also intervene at around 130. But judging from overall price actions, the pull back

Canadian CPI was beyond anyone’s expectations in March but a change to the calculations around mortgages and home prices contributed to some of the beat. Statistics Canada said: “With the release of the March 2022 Consumer Price Index (CPI), a new data source for resale house prices, in addition to the New Housing Price Index,

NEW DELHI: Gold prices dropped sharply on Wednesday to weekly lows following strength in US dollar and treasury yields, which dented bullion demand. On Tuesday, prices of the yellow metal fell up to 1.8 per cent as a stronger dollar and rising Treasury yields overshadowed inflows into bullion. Gold futures on MCX dropped 0.56 per

Canadian Dollar surges in early US session after much stronger than expected consumer inflation data, which supports more aggressive tightening by BoC. Other commodity currencies are also strong. On the other hand, Dollar is trading broadly lower as recent rally lost momentum, in particular against Yen. Euro is also soft, together with Sterling and Swiss

The greenback is keeping lower across the board with the drag stemming from a slight retracement in USD/JPY price action on the day after the pair hit a high of 129.40, before falling back to 128.40 at the moment. As the pair gradually approaches the 130.00 mark, intervention talk is growing and Japanese officials are

India’s state-run refiners are planning to buy as much Russian oil as possible while shifting their purchase strategy from tenders to negotiated deals to extract deeper discounts, people familiar with the matter said. State refiners have bought more than 15 million barrels of Russian crude from traders as well as Russian firms since the outbreak

Selloff in the Japan Yen continued this week and intensified in Asian session today. The move came as global benchmark treasury yields powered up, including those in the US, Germany and UK. For now, commodity currencies are the stronger ones for, followed closely by Dollar. European majors are generally weak. Technically, Canadian Dollar appears to

MUFG Research discusses USD/JPY outlook and sees a scope for a move towards 130-level ahead of 135. “The yen has continued to weaken sharply during the Asian trading session with USD/JPY on course for its thirteenth consecutive higher daily close. It would be the longest run of losses since the Bloomberg price data started in

NEW DELHI: Gold prices eased on Tuesday after touching the key levels of $2,000 per ounce in the previous session. A stronger dollar dented the bullion’s appeal. Gold climbed to $1,998.10 on Monday, buoyed by safe-haven demand, as the Ukraine crisis dragged on and inflation concerns mounted. However, the metal later gave up most gains

Yen’s weakness remains the main theme today as selloff in major global treasuries continue. US 10-year yield breaches 2.9 handle while Germany 10-year yield breaches 0.94. UK 10-year Gilt yield is also heading towards 2% handle. Swiss Franc is following as second weakest together with Canadian Dollar. On the other hand, Aussie and leading the

There is little to be said about USD/JPY and its continued march higher ever since breaking the 120.00 mark. The same arguments are persisting i.e. Fed and BOJ policy divergence and the fact that the bond market rout (higher yields) continues to be rather unrelenting. The latter is seeing a light breather to start the

April 19: Gold prices steadied on Tuesday, after getting within a stone’s throw of the key $2,000 per ounce level in the previous session, as lower U.S. Treasury yields offset pressure from two-year highs in the dollar. FUNDAMENTALS * Spot gold held its ground at $1,977.61 per ounce, as of 0013 GMT. U.S. gold futures

Just when you think that the bond market may be set for a bit of a breather at some point last week, we’re seeing yields shoot higher again today. 10-year Treasury yields are now at their highest since December 2018 as the rout intensifies, gradually inching closer to the 3% level. The move continues to

NEW DELHI: Most metal prices have been on a dream run, giving bulls reasons to smile. Zinc, which is used in alloys, paints, cosmetics, drugs, plastics, batteries and electrical equipment to name a few, is one of them that has seen no pause in the rally. The price of the metal rose to all-time highs

March 2022 economic activity data from China. Industrial Production +5.0% y/y expected 4.5%, prior 7.5% for the YTD +6.5% y/y vs prior +7.5% Retail sales -3.5% y/y (lockdowns impacting) expected -1.6%, prior 6.7% for the YTD +3.27%, vs. prior +6.72% Fixed asset investment +9.3% y/y expected 8.5%, prior 12.2% March Unemployment Rate 5.8% prior 5.5%

April 18: Gold prices gained on Monday, touching their best level since mid-March as the Russia-Ukraine crisis drove investors to the safety of bullion. FUNDAMENTALS * Spot gold was up 0.5% at $1,984.20 per ounce, as of 0025 GMT, its highest since March 14. U.S. gold futures edged up 0.8% to $1,990.20. * Monday’s rise