News

If something can’t go down on bad news.. That’s one of the more common adages in the market and it may well be fitting with what we’re seeing in oil prices at the moment. Today, oil is up 1.6% as price continues to hold above $100 for the time being. A record crude reserve release

April 6: Gold eased on Wednesday as hawkish comments from U.S. Federal Reserve officials boosted the dollar and Treasury yields to multi-year highs, denting the safe-haven metal’s appeal. FUNDAMENTALS * Spot gold was down 0.2% at $1,920.87 per ounce, as of 0114 GMT. U.S. gold futures fell 0.3% to $1,920.90. * The dollar scaled a

Dollar trades broadly higher overnight together with treasury yields on hawkish comments from Fed officials. The green back remains firm in Asian session today. Though, Aussie remains the strongest one for the week so far, followed by Kiwi. Euro is the worst performing one, followed by Yen and then Swiss Franc. Technically, EUR/USD’s break of

Markets: Gold down $10 to $1922 US 10-year yields down 15 bps to 2.56% WTI crude oil down $2.87 to $100.44 S&P 500 down 58 points to 4523 AUD leads, JPY lags The mode in markets was selling the US dollar while buying commodity currencies early in US trading. The Aussie, kiwi and loonie all

New Delhi: Gold prices in the national capital on Tuesday declined by Rs 159 to Rs 51,373 per 10 grams, tracking weak global cues and rupee appreciation, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 51,532 per 10 grams. Similarly, silver slipped by Rs 149 to Rs 66,485

Euro is trading broadly lower today, as EU announces the fifth package of sanctions against Russia. As European Commission President Ursula von der Leyen said, “Russia is waging a cruel, ruthless war, also against Ukraine’s civilian population.” The sanctions include ban of Russia coals, access to EU ports and transaction banks of four key Russian

The pair is trading back to near flat levels around 122.80 currently, erasing the earlier drop from today after BOJ governor Kuroda provided more verbal intervention here. The low for the day hit 122.39 so the bounce has been rather modest, helped by a defense of the 200-hour moving average (blue line) at least. Since

NEW DELHI: Gold prices traded steady, with a negative bias on Tuesday, following strength in the US dollar on rising prospects of fresh sanctions on Russia and rate hike possibilities. However, strong US data and aggressive Fed stance has capped upside. The 10-year US Treasury yields have eased marginally. Gains on Wall Street also dimmed

Australian Dollar rises broadly after a hawkish twist in RBA statement, which hints at earlier rate hike. New Zealand Dollar is following closely as second strongest for now. On the other hand, Dollar and Euro are under some selling pressure. Yen and Swiss Franc are mixed, awaiting more guidance from overall risk sentiment. Technically, focus

Lack of information, misinformation, and disinformation all coming out of China official media on the situation in Shanghai, which is recording the worst coronavirus outbreak since the pandemic began. With no end in sight. Case numbers are rocketing higher. Of course, these are probably understated. 26m Shangahi reisdents are being ‘mass tested’. Some snippets from

The squeeze in diesel supplies due to the Russia-Ukraine war has pushed benchmark Singapore gross refining margins (GRMs) to record levels, helping Indian refiners offset fuel-marketing losses, said executives and analysts. The margin between crude and the products–or cracks–extracted from it has scaled new highs, resulting in windfall profits for refiners such as Indian Oil,

Euro falls broadly today on expectation that EU is going to impose another round of sanctions against Russian following war crimes in Ukraine. Additionally, investor confidence data indicates the war in Ukraine is pushing Eurozone into recession. Sterling and Swiss Franc are broadly weak too. Commodity currencies are currently the stronger ones while Dollar and

EUR/USD is down 0.4% to a session low of 1.1010 as the euro has nearly wiped out its jump from last week, which came on the back of peace hopes initially here. There are some modest expiries rolling off today at 1.1000-10 so that could be a factor attracting price action but for now, sellers

NEW DELHI: Gold prices were trading flat on Monday following an improved US job market that has raised expectations of a faster rate hike from the US Federal Reserve. The US benchmark yields and dollar were firm, offsetting support from safe-haven demand fuelled by a worsening Ukraine crisis. Gold futures on MCX were trading down

Overall, the financial markets are very quiet in Asian session today. Commodity currencies are trading mildly firmer in very while Swiss Franc and Yen are softer. But major pairs and crosses are stuck inside Friday’s range. Gold dips mildly after prior rejection by 1950 and it could be heading back to 1900 handle. WTI crude

Iran’s Foreign Minister Hossein Amir-Abdollahian gave his view on Sunday “We are close to an agreement in the negotiations,” Amir-Abdollahian said during a phone conversation with UN Secretary-General Antonio Guterres, according to a statement by the ministry. “We have passed on our proposals on the remaining issues to the American side through the EU senior

Barclays Research discusses NZD outlook and adopts a neutral bias in the near-term. “The NZD will likely track broader risk sentiment but could outperform the AUD, especially on any derisking on data, developments or ahead of the RBA (5 Apr). Amid improving global risk sentiment and a continued rise in commodity prices, NZDUSD is extending

Bank of America Global Research discusses USD/CAD technical outlook and adopts a sell-on-rallies bias through Q2. “We previously discussed a bias to fade USDCAD rallies in the 1.29s as wave 5 of the pattern was estimated to complete there. On March 8 spot traded to 1.2901 and turned lower. We weren’t quick enough to get