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Commodity markets should be tracked for potential macroeconomic risks, Dallas Federal Reserve analysts said in the latest sign that liquidity concerns in the sector have caught the eye of central banks and regulators. “Ongoing developments in commodities should be monitored for potential impacts on financial conditions broadly,” according to the note from Dallas Fed economists,

For all the talk in wanting to fight against inflation, the ECB certainly isn’t hinting at much conviction. The key word yesterday was flexibility as the ECB wants to be able to be afforded policy options and not be cornered into hiking rates as soon as possible. Lagarde’s press conference made that clear when she

This week’s US inflation report brought back memories of the 1980s, with gold and silver reacting positively to the news despite a stronger US dollar and higher real US bond yields. Higher energy prices are the dominant driver of inflation, which will remain elevated in the short term but should decline again in the medium

Empire manufacturing index rebounds strongly The New York Fed Empire State manufacturing index came in at 24.6 versus -11.8 in March. The estimate was for a rise to 0.50. Much better-than-expected report as new orders, prices paid (a new record), shipments lead the way higher. New orders 25.1 versus -11.2 in last month prices paid

NEW DELHI: Bucking global trends, gold prices were trading higher in the domestic market amid rising inflationary worries and recession fears across the globe. However, the rising US treasury yields and firm dollar kept a check on the gains of the yellow metal. Markets are keenly awaiting US inflation data, which would help investors get

Capacity utilization continues its recovery higher US industrial production +0.9% versus 0.4% estimate prior month revised to 0.9% from 0.5% US capacity utilization 78.3% versus 77.8% estimate last month revised to 77.7% from 77.6% manufacturing output for March increased 0.9% versus 0.6% estimate. Last month saw an increase of 1.2% industrial production year on year

New Delhi: Commodity Participants Association of India (CPAI) on Tuesday said uniform trading time for all markets including stocks, bonds, currency and commodities may not be tenable for the commodity derivative segment. The remarks come in the wake of media reports suggesting that the Reserve Bank of India (RBI) and the Securities and Exchange Board

The US yields shot back higher after a brief hiatus over the last day or so on hopes that inflation had reached it’s peak. That was not the sentiment today as oil prices moved up to over $106 after being as low as $93.05 on Monday. The New York Times reported that the EU is

April 13: Gold prices were flat on Wednesday, after gaining as much as 1% in the last session, as Treasury yields eased after U.S. inflation data and concerns over Ukraine conflict supported safe-haven bids, while a firm dollar capped bullion‘s gains. FUNDAMENTALS * Spot gold was little changed at $1,964.70 per ounce by 0136 GMT,

Dollar dropped notably overnight together with pull back in benchmark treasury yield. The selling of the greenback continued in Asian session today. Even the weak Yen is recovering against Dollar, but it’s still, for now, the worst performing one for the week. On the other hand, European majors are making a comeback, with Sterling leading

It is pretty much a placeholder meeting for the ECB as they leave the timeline for APP purchases unchanged i.e. scheduled to end in Q3 while reaffirming that rate hikes will be gradual and will only come after QE ends. But the dovish kicker is more on the subtle change to the forward guidance as

NEW DELHI: Gold prices were trading almost flat on Wednesday, after sharp gains in the previous session, as a firm US dollar capped the bullion’s upside. Weak treasury yields after US inflation data and concerns over the Ukraine conflict, meanwhile, supported the buying in the yellow metal. Gold futures on MCX dipped 0.11 per cent

Euro is knocked down in early US session after ECB left interest rates unchanged. The central bank leaves the option to continue the asset purchases program after June, even though it will be concluded in Q3. The announcement disappoints some Euro traders who are eager for more hawkish tone. At the time of writing, Aussie

Reuters Corporate Survey shows: More than three-quarters of Japanese firms say the yen has declined to point of being detrimental to their business almost half of companies expecting a hit to earnings companies are more worried about how it inflates fuel and raw material imports, which are already soaring due to the war in Ukraine.

LONDON – The full impact of sanctions and buyer aversion to Russian oil will take full effect from May onwards, the International Energy Agency said on Wednesday. Still, lower demand amid a COVID-19 surge in China, output increases from OPEC+ producers and beyond along with the largest ever draw on emergency oil storage by the

The forex markets trade in tight range in Asian session today. New Zealand Dollar got little support from the RBNZ 50bps rate hike. It’s actually trading as the weakest one for the day at the time of writing. As for the week, Swiss Franc is currently the strongest, with help from buying against Euro. Dollar

If you were thinking about buying the Canadian dollar on the expectation of a Bank of Canada 50 basis point rate hike at the top of the hour, then you might want to consider the price action in the New Zealand dollar today. The kiwi jumped 30 pips on the headlines and then immediately began

New Delhi: Gold prices in the national capital on Wednesday jumped Rs 435 to Rs 52,941 per 10 grams, reflecting a rally in international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the yellow metal finished at Rs 52,506 per 10 grams. Silver also zoomed by Rs 1,331 to