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It was a week a surprises. While BoE delivered that a 25bps hike, four of the nine MPC members have indeed voted for a 50bps raise. However, there was no follow through buying as BoE indicated only “modest” tightening would follow. Also, the event was overshadowed by ECB’s unexpected hawkish turn. Then, after US ADP

A stronger than expected US jobs report shocked the market. Nonfarm payroll jobs added 467K vs expectations of around 150K (and probably whispers of something less than that). The ADP employment change came in at -303,000 earlier this week, and Fed officials warned that the jobs report was likely to be weaker as well. That

NEW DELHI: Gold prices were little changed on Friday, marginally up and set for a gain on a weekly basis. A weaker dollar, concerns over stubborn inflation and tensions surrounding Ukraine lifted demand for the safe-haven bullion. The dollar index was set for its biggest weekly drop since March 2020, lifting demand for the greenback-priced

Dollar is rebounding strongly in early US session following much better than expected job and wage growth. The greenback is apparently turning the tide against all major currencies, except Euro. The common currency is still the runaway winner for the week, as boosted by surprised hawkish turn in ECB. In other markets, DOW futures took

The US jobs report has the market now pricing in a greater than 50% chance that the Fed will hike five times in 2022. Expectations for March and May hike are now at 100%. There is and 82% chance of a June hike and a 56% chance of a July and November hike. Probabilities of

New Delhi: Gold price in the national capital on Friday gained Rs 34 to Rs 47,918 per 10 grams in line with a rally in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,884 per 10 grams. Silver also jumped Rs 330 to Rs 61,006

Euro remains in the spotlight in Asian session, as post-ECB rally is extending. Dollar is particularly in pressure as markets are awaiting disappointment from non-farm payroll job data. Yen is currently the second weakest for the week, following the greenback. Aussie is the second strongest, next to Euro, followed by Kiwi. Focuses will turn to

Its US jobs report Friday, previews: China was once again out on holiday today. Combined with the wait for the upcoming US January jobs report (nonfarm payroll, previews in the bullets above) much of major FX traded in small ranges. EUR/USD was a bit of an exception. After the ECB and President Lagarde’s less dovish

NEW DELHI: Gold prices were little changed on Thursday as US Treasury yields retreated after a dip in the jobs data. Investor focus now shifts to European Central Bank and Bank of England meetings later today. US private payrolls fell for the first time in a year in January as soaring COVID-19 infections disrupted business

It looks like ECB is beating BoE in the race of hawkish surprise in a jam-packed day. Sterling spiked higher after four of the nine MPC members have indeed voted for a larger hike of 50bps. However, there was no clear follow through buying as BoE indicated there will only be “some further modest tightening”

USD January US ISM data Adam Button Thursday, 03/02/2022 | 14:59 GMT-0 03/02/2022 | 14:59 GMT-0 Lowest since Feb 2021 Prior was 62.0 New orders 61.7 vs 61.5 prior Prices paid 82.3 vs 82.5 prior Employment 52.3 vs 54.9 prior Business activity 59.9 vs 67.6 prior Full report This is a slightly better reading on

New Delhi: Gold price in the national capital on Thursday gained Rs 37 to Rs 47,902 per 10 grams supported by rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,865 per 10 grams. However, silver tumbled Rs 536 to Rs 61,102 per kg from Rs 61,638 per

The forex markets are generally steady in Asian session, as traders await ECB and BoE rate decisions. Dollar is staying as the weakest for the week one after yesterday’s selloff, followed by Yen. Aussie and Euro are the strongest ones. There is upside prospect for Euro even if ECB delivers just a slight hawkish tilt.

LONDON: OPEC+ will likely stick to existing policies of moderate output increases on Wednesday, five sources from the producers’ group said even as it expects demand to rise to new peaks this year and as oil prices trade near their highest since 2014. The group, which comprises of the Organization of the Petroleum Exporting Countries

Dollar tumbles broadly today as markets are staying in risk-on mode. Additional selling pressure is seen on the greenback after shocking poor ADP job data. On the other hand, Euro is lifted by another record reading in consumer inflation data. Sterling is following Euro as markets await tomorrow’s BoE rate hike. Aussie is slowing down

IMF Georgieva speaks on Ukraine impact IMF Chief Georgieva is on the wires saying: geopolitical tensions make uncertain outlook for global economy more complicated already impact of Ukraine crisis on energy prices especially in Europe strict Western sanctions on Russia would inevitably create interruptions in our financial transactions are done hoping for pragmatism to prevailing

New Delhi: Gold prices declined by Rs 125 to Rs 47,837 per 10 gram in the local market here on Wednesday in line with lower global prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,962 per 10 gram. Silver also declined by Rs 339 to Rs 61,477 per

Overall market sentiment turned more positive after Fed officials jumped out to talk down the prospect of a 50bps hike in March. Australia Dollar is trading broadly higher, following risk-on sentiment, and shrugs off cautious comments from RBA Governor. Euro is following as the second strongest for now but has lost much momentum in crosses