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Dollar regains some growth today, and even rises to new 32-year high against Yen. Momentum is somewhat weak, however, as traders are guarding against intervention by Japan. Meanwhile, markets are mixed elsewhere. Sterling dips after UK Finance Minister Kwasi Kwarteng announced his resignation ahead of Prime Minister Liz Truss’s press conference later in the day. For

The price action in USD/JPY right after the hotter-than-expected US CPI data yesterday reeked of intervention by Japanese authorities as we saw a fall from 147.65 to 146.45 in a quick minute. That dip was quickly bought up and it could be pointing to the notion that markets would expect Japan to do more if

Gold price fell by Rs 261 to Rs 51,098 per 10 grams in the national capital on Friday amid a decline in the prices of yellow metal in the international market, according to Securities. In the previous trade, the precious metal had closed at Rs 51,359 per 10 grams. Silver also declined by Rs 692

Dollar’s post-CPI rally faltered quickly, as risk sentiment staged a historic U-turn. For now, Sterling is the strongest one for the week on rumors that UK Prime Minister Liz Truss is going to reverse the mini-budget. New Zealand Dollar is the second strongest, followed by Euro. Yen remains the worst performer despite sign of intervention.

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

New Delhi: Gold prices were flat, fitting into a tight range on Thursday as market participants maintained a cautious stance ahead of US inflation reading that could influence the Federal Reserve’s next interest rate hike decision. Wednesday’s readout of the central bank’s last policy meeting showed Fed policymakers agreed they needed to move to a

Dollar soars broadly in early US session after stronger than expected consumer inflation reading. Futures tumble while 10-year yield is back pressing 4% handle. Nonetheless, the greenback is overwhelmed by Pound on rumors that UK Prime Minister Liz Truss is going to further backtrack on the mini-budget. The eventual near term fate of Sterling will

If there is a reason for the more optimistic tone so far in European morning trade, this is arguably a key one. 30-year gilt yields are down 31 bps to 4.58% on the day, backing lower after having clipped 5.10% briefly yesterday. This could be a case of somebody knowing something ahead of time as

Gold prices in the national capital rose by Rs 42 to Rs 51,255 per 10 grams on Thursday amid a rise in the prices of the precious metal in the international market, according to Securities. In the previous trade, the yellow metal had touched Rs 51,213 per 10 grams. However, silver dropped by Rs 493

The markets are generally steady in Asian session today, as traders await US consumer inflation data. FOMC minutes released overnight basically provided nothing to counter the expectation of a 75bps hike by Fed in November. Today’s data might further affirm such expectations. While Dollar is firm, it’s struggling to build up momentum except versus Yen.

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

New Delhi: Gold prices continued to fall on Wednesday as investors looked for more clues on the pace of US monetary tightening from Federal Reserve minutes and inflation data due this week. Investors are awaiting the release of minutes from the Fed’s September meeting. Focus is also on the inflation reading due on Thursday, which

Dollar surges further in early US session against Yen, after BoJ Governor Haruhiko Kuroda dropped no hint on intervention despite today’s Yen selloff. Indeed, he noted that Yen depreciation could be could for the economy as a whole, just that speculation driven move is bad. But the greenback is actually struggling to gain against other

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Gold prices in the national capital fell by Rs 20 to Rs 51,155 per 10 grams on Wednesday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 51,175 per 10 grams. Silver also declined by Rs 473 to Rs 58,169 per kg from Rs 58,642 per kg. In the

Dollar is trying to extend recent rally again but buying is mostly seen against Yen and Sterling. The Yen finally broke out and fell to new 24-year low against the greenback, and it’s on track to take on the level seen back in 1998. Sterling, on the other hand, is pressured after BoE ruled out

This via the folks at eFX. For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here. Goldman Sachs revised down its USD/CAD, AUD/USD, and NZD/USD forecasts. “We have revised our forecasts for USD/CAD

Gold price fell by Rs 343 in the national capital to Rs 51,105 per 10 grams on Tuesday amid a decline in the prices of the precious metal in the international market, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs 51,448 per 10 grams. Silver also tumbled by