NEW DELHI: Gold prices in India bucked the global trends and dropped on Tuesday as the yellow metal lost its sheen to riskier assets. Firm US dollar and climbing bond yields also dented the sentiments. Gold futures on MCX were trading down 0.53 per cent or Rs 271 at Rs 51,300 per 10 grams. Silver
Month: March 2022
The forex markets are digesting recent moves in mixed Asian session today. Yen is recovering slightly but remains the worst performer for the week. BoJ is still trying hard to defend the 0.25% 10-year JGB yield cap. On the other hand, Euro and Dollar are the strongest ones so far. The greenback is trying to
Gold price remains in the red so far this week, as the US Treasury bonds see no reprieve, leading to the relentless surge in the yields. The US dollar is tracking the rates higher, weighing heavily on gold price. Hopes for progress on the Russia-Ukraine peace talks are boosting the overall market mood, adding to
AUDUSD has moved back below its 100 hour moving average The AUDUSD broke below the 100 hour MA for the first time since March 16, and the break sent the pair from 0.7491 to the session low at 0.7466. That will was just above the swing lows from Thursday’s trade at 0.74656. There are now
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The crude oil market heads into another week of uncertainty, buffeted on one side by the ongoing war between Russia and Ukraine and the expansion of COVID-related lockdowns in China, the world’s largest crude importer. Brent crude and U.S. West Texas Intermediate (WTI) crude surged last week. The two benchmarks gained 11.5% and 8.8%, respectively,
Yen remains the weakest one today, but there is some short covering as global benchmark treasury yields also retreat. Selling focus is turning Sterling instead. For now, Aussie and Dollar are the strongest one for the day, followed by Canadian. Euro is mixed, helped by recovery against Swiss Franc. Gold recovers quickly after initial dip
The gold price is down on the day, losing around 1.9% at the time of writing as the US stock market rises later in the day for a positive close in hopes of a breakthrough in peace talks surrounding the Ukraine crisis. Ukraine Peace talks hopes The FT released an article that states that Russia
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It took Ethereum’s native token Ether (ETH) only two months to recover from a brutal selloff at the beginning of 2022. ETH price breaks out but risks remain ETH price reached near $3,350 on March 28 after rallying by over 30% in just two weeks, and by more than 50% when measured from its year-to-date
The USDJPY continues to run to the upside. The pair is now approaching the 122.00 level. The high prices reach 121.965 so far. Moving above the 122.00 level and staying above would push the price toward the higher extremes on the weekly chart (see earlier post HERE). There may be some sellers against that 122.00
Welp, that was quick. But it is fitting with the sort of moves we have seen this year with 10-year Treasury yields hitting well above 2% and oil already having hit $125 so early on in Q1. Breathtaking stuff. USD/JPY jumped above 123.00 in Asia trading and has now briefly clipped 125.00 before some profit-taking.
NEW DELHI: Gold prices dropped on Monday as hopes of peace talks between Russia and Ukraine strengthened, denting the demand for the safe-haven asset. A strong rally in the US dollar also weighed on the sentiments. The dollar index hit a more than one-week high, making gold more expensive for other currency holders. Gold futures
Yen’s selloff resumes as another week starts on rising treasury yields while Asian stocks are mixed. European majors are also under some selling pressure, with Euro, Sterling and Swiss Franc steady among themselves. Meanwhile, Australian Dollar is performing well together with Dollar, trailed by Canadian and New Zealander. Gold dips notably on Dollar strength and
Huawei reported its first yearly revenue decline on record in 2021 as U.S. sanctions continued to hurt the company. But the Chinese technology giant’s income surged last year as it focused on boosting profitability. “Despite a revenue decline in 2021, our ability to make a profit and generate cash flows is increasing, and we are
“Fertilizer prices were already high before the war. They have now reached record levels amid a precipitous drop in Russian supply… The result is that fertilizer is about three to four times costlier now than in 2020” – Jon Emont and Silvina Frydlewsky, Wall Street Journal writers Sanctions against Russia following its invasion on Ukraine have
The USDJPY has moved up 13 the last 14 trading days and in the process has seen a move higher of 740 pips. Yield differentials between the US and the Japan rate has been a big contributor to the move higher (see post here). Euro 10 year yield – Japan 10 year yield spread widens
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