You would think that with the plunge in bond yields this week, equities would’ve been on a tear and entering a strong rally mode. Instead, it has been anything but in the last two days. And only now in European trading are we seeing some tentative signs of stronger gains with regional indices up around
Month: November 2023
Gold price rallied Rs 750 to Rs 63,500 per 10 grams in the national capital on Wednesday amid strong global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 62,750 per 10 grams. Silver also zoomed Rs 800 to Rs 79,000 per kilogram. “Gold prices surged on Wednesday,
Dollar’s decline finally takes off again overnight, following dovish comments from some Fed officials. In particular, Fed Governor Christopher Waller, typically known for his hawkish views, softened his stance and expressed a level of satisfaction with the current interest rate policy. Chicago Fed President Austan Goolsbee’s even raised concerns about the risks of maintaining overly
A security guard at the New York Stock Exchange (NYSE) in New York, US, on Tuesday, March 28, 2023. Victor J. Blue | Bloomberg | Getty Images With central banks having hiked interest rates at breakneck speed and those rates likely to stay higher for longer while the lagged effects set in, the macroeconomic outlook
Share: Australian Dollar continues its winning streak despite downbeat Aussie monthly CPI. Australia’s Monthly Consumer Price Index declined by 4.9% in October against the expected 5.2%. US Dollar Index loses ground despite the better-than-expected US economic data. The Australian Dollar (AUD) is on a winning streak, extending its gains for the fifth consecutive day on
The Reserve Bank of New Zealand is set to announce its interest rate decision at 8 PM ET, with expectations leaning towards maintaining the current rate of 5.5% for the fourth consecutive meeting. Key levels to watch in the NZDUSD pair in relation to this decision are: The 200-day moving average and the 50% Fibonacci
Australian monthly CPI for October 2023 % y/y expected 5.2%, prior 5.6% trimmed mean inflation was 5.3% y/y in October, down slightly from the rise of 5.4% in September more to come I mentioned earlier that I’d seen some speculation that the RBA will raise its cash rate at the next meeting, December 5, if
Gold price climbed Rs 100 to Rs 62,750 per 10 grams in the national capital on Tuesday in line with gains in the precious metal’s price in global markets, according to HDFC Securities. In the previous trade, the precious metal had ended at Rs 62,650 per 10 grams. Silver price remained unchanged at Rs 78,200
The forex markets today are characterized by a lack of decisive direction. Dollar remains generally weak, yet there seems to be a reluctance among sellers to push it further down. Market focus is now shifting to comments from several Fed officials scheduled for today and the rest of the week, as Fed’s blackout period approaches
Federal Reserve Governor Christopher Waller said Tuesday he’s growing more confident that policy is in a place now to bring inflation back under control. There was nothing in Waller’s prepared remarks for a speech in Washington, D.C., that suggests he’s contemplating cutting interest rates, and he noted that inflation currently is still too high. But
Interactive Brokers, one of the largest brokerage firms in the world, has opened crypto trading for retail clients in Hong Kong. According to the Nov28 announcement, the service is offered in conjunction with OSL, one of the first crypto exchanges to receive a Virtual Asset Service Provider (VASP) in Hong Kong. “Interactive Brokers’ retail investors
Share: The Greenback trades flat, attempting to push against the recent downtrend. US traders will hear from no less than four Fed members this Tuesday. The US Dollar Index is steady above 103 and tries to head back to 104. The US Dollar (USD) is trying to put up a fight this Tuesday as the
USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt. The recent US CPI missed expectations across the board bringing the expectations
Headlines: Markets: CAD leads, CHF lags on the day European equities lower; S&P 500 futures down 0.1% US 10-year yields up 1.6 bps to 4.404% Gold flat at $2,014.48 WTI crude up 1.1% to $75.70 Bitcoin up 0.4% to $37,200 It was a light session for the most part with major currencies not doing a
Oil prices rose on Tuesday with the Brent benchmark rising above $80 a barrel, supported by expectations that the OPEC+ producer group may deepen and extend output cuts due to concern over softer global demand. OPEC+, which combines the Organization of the Petroleum Exporting Countries (OPEC)) and allies including Russia, will hold an online ministerial
Yen has a notable bounce in Asian session today, fueled by a Nikkei report suggesting that BoJ is finally near to the end its negative interest rate policy. This policy shift, which could see interest rates rise as early as the first half of next year, hinges on the outcomes of spring labor-management negotiations and
Share: Australia’s Retail Sales, a measure of the country’s consumer spending, dropped by 0.2% MoM in October from the previous reading of a 0.9% rise, according to the official data published by the Australian Bureau of Statistics (ABS) on Tuesday. The figure came in worse than the market expectation for an increase of 0.1%. Market
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