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Dollar keeps steadier for the most part, risk remains tentative AUD/USD is down 0.6% to 0.7049 now with NZD/USD also dragged lower by 0.6% to 0.6773 as both pairs are hitting fresh lows on the day. I outlined the situation for both the aussie and kiwi (pretty much having similar fates at the moment) earlier

NEW DELHI: Gold prices were trading higher on Friday, but were set for a third weekly fall, weighed down by hawkish signals from the Federal Reserve officials. The central bank hinted that it could end its pandemic-era asset purchases and raise interest rates faster than expected to combat surging inflation. Reduced stimulus and interest rate

Dollar rises slightly in Asian session today, as markets await non-farm payrolls report from the US. Commodity currencies are generally lower despite to strong rebound in US stocks overnight. As for the week, Swiss Fran and Yen remain the strongest ones followed by Dollar. Aussie and Kiwi are the weakest. We’ll see how NFP would

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 of your initial investment; do

New Delhi: Gold in the national capital on Thursday rose by Rs 112 to Rs 47,050 per 10 gram in-line with a recovery in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,938 per 10 gram. In contrast, silver slipped Rs 203 to Rs

Commodity currencies are turning weaker again in otherwise range trading markets. As for today, European majors are the stronger ones, as lead by Sterling. But there is no clear sign of follow through movements. Omicron seems to have slipped to the backstage. Traders are probably looking through to tomorrow’s non-farm payroll report to gauge how

Media coverage was never this concerned about the delta variant Invest in yourself. See our forex education hub. The science involved in the omicron variant certainly piques more interests as it pokes at curiosity considering the many mutations but outside of that, what exactly is causing omicron to exude a much stronger threat than the

NCDEX e Markets Limited (NeML), a leading integrated e-Markets platform for commodities and intangibles, on Thursday announced its agreement with FINCHAIN Technologies to provide trade-financing options. Under this agreement FINCHAIN, an emerging company engaged in anchor led supply chain and invoice backed financing programs, will now make available bill discounting and trade-financing options to buyers/sellers

While the US stock extended the near term steep pull back overnight, Asian markets are relatively steady and are just mixed. Major currency pairs and crosses are also stuck in tight range for consolidation. As for the week, Swiss Franc and Yen are the stronger ones on risk off sentiment, on both Omicron and talk

Back in Monday’s Asian session wrap, I gave a quick outline of the bullish case being made for the new mutation of coronavirus.  While it is likely that Omicron is more transmissible, early reports suggest it may also be less deadly – which would fit into the pattern of virus evolution observed historically.  If a

New Delhi: Gold in the national capital on Wednesday tumbled Rs 302 to Rs 46,848 per 10 gram reflecting an overnight decline in international precious metal prices along with rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,150 per 10 gram. Silver also dipped Rs 81

Global stock markets are recovering slightly today, continuing to stabilize from Omicron worries for now. Major currency pairs are also bounded in consolidative trading in tight range. While Aussie is trying to lead commodity currencies higher, it’s lacking clear upside momentum. Swiss Franc and Yen are the softer ones followed by Euro and Dollar. Technically,

SNB Leaning on a spear can be a similar analogy to relying on the SNB to intervene in the EURCHF exchange rate. In January 2015 the SNB famously stepped back from defending the 1.2000 peg and the pair fell dramatically.However, despite this unreliable past the SNB still to regularly intervene in the EURCHF pair by

MELBOURNE: Oil prices clawed back some losses on Wednesday after steep falls in the previous session, as major producers prepared to discuss how to respond to the threat of a hit to fuel demand from the Omicron variant. U.S. West Texas Intermediate (WTI) crude futures rose 78 cents, or 1.2 per cent, to $66.96 a

Dollar attempted for a rally overnight after hawkish comments from Fed Chair Jerome Powell, but momentum quickly faded. Instead, the greenback was dragged down by extended weakness in benchmark treasury yields. Overall market sentiment is stable in Asian session, helping commodity currencies rebound. Aussie is additionally lifted by better than expected GDP data. But then,

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 of your initial investment; do

MELBOURNE: Oil prices climbed on Tuesday, extending a rebound from last week’s plunge on growing expectations major producers would pause plans to add crude supply in January amid uncertainty over the severity of the Omicron coronavirus variant. U.S. West Texas Intermediate (WTI) crude futures jumped 99 cents, or 1.4 per cent, to $70.94 a barrel

Selloff in stock markets resume today, after Moderna Chief Executive Stéphane Bancel foresaw “material drop” in effectiveness of current vaccines on Omicron. Benchmark treasury yields also tumble sharply on safe haven flows. In the currency markets, Canadian Dollar lead commodity currencies lower, as oil price tumble. Dollar is dragged down by steep falling in treasury