NEW DELHI: Gold in the national capital on Thursday was marginally up by Rs 9 to Rs 46,981 per 10 gram with firm global trends and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,972 per 10 grams. Silver, however, declined Rs 902 to Rs 67,758
Month: July 2021
Risk aversion generally dominates the global markets today. Following selloff in Asia, major European indexes open lower and are trading down around -2%. DOW future is also losing around -500pts. Swiss Franc and Yen are overwhelmingly the strongest ones for the day, as followed by Euro and Dollar. Commodity currencies are the worst performing, Focus
BABA shares back in the limelight as more headwinds surface. Crackdown on DIDI brings more attention on BABA. BABA shares have struggled since ANT Group IPO was cancelled in late 2020. Update July 7: Alibaba Group Holding Ltd – ADR (NYSE: BABA) closed Thursday in the red amid a prevalent risk-off mood. The share lost 3.92%
With each passing day, the list of nations actively exploring the idea of central bank digital currencies (CBDCs) is continuing to grow at a rapid pace. While China’s digital yuan project may be the one that everyone talks about the most, in recent months, countries like The United Kingdom, Sweden and Japan have forged ahead
10-year Treasury yields down by nearly 7 bps today to 1.25% That’s the lowest since 16 February as bonds continue to rally and that is arguably sparking jitters in the market, with no clear cut answers floating around. A key question that is being posed by the bond market right now is, are we seeing
AUD/USD down 0.6% to 0.7430 levels, the lowest since December last year Invest in yourself. See our forex education hub. The aussie is among the big losers so far today as commodity currencies are seeing a general retreat, with risk aversion kicking into gear in European morning trade. The latest downdraft comes as Treasury yields
NEW DELHI: Gold held steady on Thursday as lower US Treasury yields countered a stronger dollar after minutes from the Federal Reserve’s last meeting showed that the central bank is moving towards tapering its asset purchases as soon as this year. The yellow metal traded marginally lower in the domestic market. Fed officials last month
US stocks surged to new record overnight, shrugging off FOMC minutes. But Asian markets are walking another path, as led by the free fall in Hong Kong stocks. Yen surges broadly on risk aversion, followed by Swiss Franc. Commodity currencies are generally pressured, with Aussie weighed down by dovish RBA comments too. Euro, Sterling and
USD/JPY does not rule out a move to the 110.00 area in the next weeks, commented FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday that ‘despite the relatively sharp decline, downward momentum has not improved by all that much but there is room for USD to edge lower to 110.30’. Our
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Silver flat today as it sits Silver and gold aren’t getting the headlines now but I believe there’s more money to be made by watching quiet markets than trading volatile ones. At the moment, silver fits the bill. When you zoom out, there’s a big triple top ahead of $30/oz but there are also a
New Delhi: Gold in the national capital on Wednesday dipped marginally by Rs 29 to Rs 46,903 per 10 gram reflecting an overnight fall in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,932 per 10 grams. Silver also tumbled Rs 762 to Rs
The forex markets are generally range bound as traders await FOMC minutes. The main focus will be on discussions on the timing of tapering, which wasn’t clearly indicated in the statement and economic projections. Dollar’s rise appears to be losing steam as global sentiments stabilized today. DOW futures point to a recovery while S&P 500
What you need to know on Thursday, July 8: The dollar came under mild pressure ahead of the close, following the release of the FOMC Meeting Minutes. The document showed that Fed officials consider the standard of “substantial further progress” needed to adjust monetary policy was seen as not having yet been met. Various FOMC
Jamaica’s central bank will reportedly commence the initial roll-out of its central bank digital currency (CBDC) project in August. According to a report by the Jamaica Observer on Wednesday, Bank of Jamaica (BOJ) Governor Richard Byles made this known during a Rotary Club event earlier in July. Detailing plans to begin the pilot phase in
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