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There is no change in the overall theme in the forex markets. Yen’s decline continues and there is no sign of slowing yet. Hawkish comments from Fed officials pushed treasury yields further up. Fed Chair Jerome Powell will speak again today and he’s expected to reinforce the message that more aggressive tightening lies ahead. Euro

Markets: Gold down $15 to $1920 US 10-year yields up 7 bps to 2.39% WTI crude oil down 97-cents to $109.00 S&P 500 up 50 points to 4511 NZD leads, JPY lags It feels like for far too much of this year, FX market participants have been watching from the sidelines while volatility explodes elsewhere.

Gold prices fell on Tuesday as U.S. Treasury yields hit fresh multi-year highs following Federal Reserve chair Jerome Powell’s aggressive inflation stance, while safe-haven bullion remained underpinned by escalation in the Ukraine crisis. FUNDAMENTALS Spot gold was down 0.2% at $1,931.84 per ounce by 0105 GMT. U.S. gold futures were flat at $1,930.20. Powell indicated

The selloff in Yen remains the major theme in the market today, but both Dollar and Euro are also now under some pressure. For now, New Zealand Dollar is winning the race, followed by Aussie and Sterling. Swiss Franc and Canadian Dollar are mixed. In other markets, major European indexes are trading slightly in black,

The dollar can thank Fed chair Powell for the latest push higher today, after he helped to open the door for 50 bps rate hikes in the coming FOMC meetings. That helped to spur a further extension in the Treasury yields breakout, which is in turn also leaving plenty of upside potential for USD/JPY at

NEW DELHI: Gold prices in India bucked the global trend and rose on Tuesday. Prices of the yellow metal eased in international markets as the US Treasury yields hit fresh multi-year highs following Federal Reserve chair Jerome Powell’s aggressive inflation stance. Gold futures on MCX were trading up 0.31 per cent or Rs 159 at

Yen’s selloff re-accelerates after Fed Chair Jerome Powell hinted at a 50bps rate hike at next meeting in May. Dollar is firming up broadly, but trails Canadian. Loonie is supported by extended rebound in oil price, as well as expectations of more BoC tightening too. Swiss Franc is currently the second weakest, followed by Sterling

Given the sharp rise in yields (two year up 18 basis points and 10 year up 14.6 basis points) along with soaring oil prices (up over 7%). The US stock market hung in there although the major  indices  did close lower. A look at the final numbers shows: Dow industrial average -201.94 points or -0.58%

NEW DELHI: Gold prices jumped on Thursday after the US Federal Reserve policymakers cut the GDP forecast for the world’s largest economy and suggested US inflation at 4.3 per cent for 2022 while raising interest rate for the first time since 2018. Gold futures on MCX for April delivery were trading at Rs 51,678 per

The forex markets are mixed in rather quiet trading today. Swiss Franc apparently stronger but there isn’t much follow through buying yet. Euro could be turning weaker again but it has to dip more to confirm downside momentum. Other major pairs and crosses are still stuck inside Friday’s range. Global benchmark treasury yields are on

The trading week got off to a slow start in the FX. In the Asian session the USD is the strongest while the CHF is the weakest, but the currencies are relatively scrunched together. The strongest to weakest of the major currencies The AUDUSD and NZDUSD were early gainers with the AUDUSD running to a

NEW DELHI: Gold prices were trading flat with a positive bias on Monday but remained above major psychological levels, lingering near two-week highs. Investors eyed developments in the Russia-Ukraine conflict as they priced in the US Federal Reserve’s more aggressive measures to combat inflation. Gold futures on MCX were trading up 0.09 per cent or

The markets are generally quiet in Asian session today. Dollar is mildly firmer together with Canadian. Sterling and Swiss Franc are soft. But major pairs and crosses are stuck inside Friday’s range. Asian stocks are mixed, with Japan on Holiday, while others tread water. Gold is consolidating in tight range too. Crude oil is the

Reliance Industries Ltd (RIL) has asked its fuel dealers to brace for a 50% cut in diesel supply since the company is losing Rs 10-12 per litre on sale of diesel, said industry executives aware of the development. The company took the decision in a meeting on Wednesday night to halve the diesel supply from

Russian crude that’s selling at a deep discount due to Western sanctions. Hindustan Petroleum Corp Ltd (HPCL) has purchased 2 million barrels of Russian crude, according to people familiar with the matter. Mangalore Refinery and Petrochemicals Ltd (MRPL) has floated a tender seeking one million barrels of oil, with an eye on securing cheap Russian

The Canadian dollar finished the week strong with USD/CAD falling to 1.2600 at Friday’s close from as high as 1.2870 on Tuesday. That’s very close to the seven-week low of 1.2587 set at the start of the month. For months, the loonie has been stuck in a push-and-pull from rising commodity prices, sinking risk appetite

March 18: Gold eased on Friday and prices were set for their biggest weekly drop since late November as hopes for progress in Russia-Ukraine peace talks dented the metal‘s safe-haven appeal. Spot gold slipped 0.2% to $1,938.29 per ounce by 0209 GMT. U.S. gold futures were down 0.3% to $1,937.30. The metal has fallen about

Yen’s down trend continued last week and even accelerated against commodity currencies. Persistent rally in benchmark yields, rebound in stocks, and diverging central bank expectations are expected to weigh on Yen further. Meanwhile, expected rate hike by Fed and BoE didn’t provide much support to Dollar and Sterling, as both closed among the weakest. On