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Treasury yields are at the highs of the day but that’s no obstacle for US stocks. The S&P 500 is nearly back to unchanged after falling by more than 40 points a few hours ago. In FX, the dollar remains strong but is giving a bit back in the past hour. AUD/USD has tracekd up

NEW DELHI: Gold prices were trading higher on Friday, poised for a strong weekly gain in more than two months. The higher inflation and pressure on bond yields may keep gold prices up for the medium term. Investors await economic data that could provide clarity about the US Federal Reserve’s tapering policy, while a weaker

Overall, Fed Chair Jerome Powell’s renomination hearings seemed to be well received by the markets. US stocks closed broadly higher overnight, followed by rallies in Asian indexes. Yen and Dollar are both under some selling pressure today. On the other hand, commodity currencies are trading higher. In particular, Canadian Dollar is lifted by the rise

Markets: WTI crude up $2.03 to $84.15 US 10-year yields up 7.5 bps to 1.784% S&P 500 up 4 points to 4662 Gold down $6 to $1816 JPY leads, AUD lags The mood was poor early on and a dismal retail sales report threatened to worsen the situation but the headlines didn’t spark big moves,

New Delhi: Gold price in the national capital on Friday gained Rs 93 to Rs 47,005 per 10 grams, in line with a jump in prices of international precious metal along with rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 46,912 per 10 grams. Silver also jumped

Overall risk sentiment turns sour again following terrible US retail sales data. DOW futures reverse early gains and turn deep red, pointing to a much lower open. Yen is powering up following risk-off sentiment while Aussie is now leading commodity currencies lower. At the same time, Dollar is turning mixed. But for the week, the

The pair threatened to break its 200-day moving average (blue line) in trading yesterday, only to settle just above it into the close after equities slumped – resulting in a less friendly mood for risk trades. Oil also fell as a result and that saw the loonie reverse gains from 1.2453 to back above 1.2500.

China will release crude oil from its national strategic stockpiles around the Lunar New Year holidays as part of a plan coordinated by the United States with other major consumers to reduce global prices, sources told Reuters. The sources, who have knowledge of talks between the world’s top two crude consumers, said China agreed in

Yen trades broadly higher in Asian session, following broad based weakness in the stock markets. Nevertheless, mild risk-off sentiment is providing no support to Dollar, nor the hawkish comments from Fed officials. Dollar remains the worst performing one for the week, followed by Swiss Franc. Yen is now the strongest, followed by Aussie and Kiwi.

The US stocks closed near lows for the day but the move lower was not led by a run higher in yields. In fact, the 10 year yield is trading just below the 1.700% level after trading at 1.808% earlier this week. The interest rate sensitive NASDAQ index down the most with a decline of

Gold price in the national capital on Thursday jumped Rs 119 to Rs 46,919 per 10 grams, reflecting a rally in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 46,800 per 10 gram. Silver also moved up by Rs 745 to Rs 60,777 per kg

Dollar remains overwhelmingly the worst performer today, as selloff extends. There is little support from hawkish Fedspeaks, with some officials expressing openness to four rate hikes this year. Commodity currencies continue to be the biggest winners, as supported by resilient risk sentiment. In particular, US futures are pointing to higher open, and further rally could

The pair is breaching the 0.7300 level today to move to its highest since 16 November. This comes as the dollar is slumping across the board, continuing from the dour mood yesterday. It’s pretty much a technical breakdown for the greenback against most major currencies, with the likes of the euro, pound, and loonie taking

MELBOURNE: prices slipped on Thursday, trimming big gains from the previous two sessions, amid uncertainty over near-term demand as cases of the highly contagious Omicron variant of the coronavirus surge around the globe. U.S. West Texas Intermediate (WTI) crude futures slipped 7 cents, or 0.1%, to $82.57 a barrel at 0221 GMT, after climbing 1.7%

Dollar’s post CPI selloff continues today and remains generally weak. For now, Swiss Franc is the second worst performer for the week, followed by Euro. Commodity currencies are the strongest, with Aussie overtaking Canadian. Sterling is mixed for now. Other markets are mixed for now, with Asian stocks lacking a clear direction. Global benchmark yields

Markets: Gold up $5 to $1826 US 10-year yields flat at 1.73% WTI crude oil up $1.33 to $82.55 S&P 500 up 15 points to 4728 AUD leads, USD lags Today was an impressive display of price action in FX and commodities. The market was whisper quiet ahead of the US CPI report. The numbers

New Delhi: Gold in the national capital on Wednesday jumped Rs 228 to Rs 46,812 per 10 grams, reflecting overnight gains in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 46,584 per 10 grams. “Spot gold prices for 24 carat in Delhi rose by Rs

Dollar tumbles broadly in early US session even though consumer inflation data hit multi-decade highs. The move could be seen as a result of clearing the risk of even worse inflation reading that could force Fed’s hand. For now, Canadian Dollar is the strongest one as boosted by rally in oil prices. Sterling and Aussie