DXY Index stands positively at 104.95, reflecting a noticeable gain for the day. Investors focus on incoming data amidst speculation of an easing cycle commencing in June. ISM PMI readings from March beat expectations. Markets await Nonfarm Payrolls, Average Hourly Earnings, and Unemployment Rate from March to gauge insights into the economy’s health. The US
admin
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 your initial investment; do not
As a reminder, major markets in Europe are closed today amid Easter Monday. That is to keep liquidity conditions thin, with little appetite among traders to chase any big moves. So far, the major currencies space is rather tame with very, very light changes overall. USD/JPY in particular is still keeping above the 151.00 mark.
Gold prices hit a fresh lifetime of Rs 69,487 on Monday, gaining nearly Rs 1,800 per 10 gram in the opening trade, taking cues from international prices as benign US inflation data unleashed the bulls. At 9:30 am, the MCX April gold futures were trading at Rs 68,930 per 10 grams, up by Rs 1,253
Activity in global financial markets remain generally subdued due to the extended Easter holiday in many regions. Nevertheless, Japan’s markets kicked off the new fiscal year on a tumultuous note, with Nikkei index having a sharp sell-off. Analysts have largely dismissed the latest quarterly Tankan survey as the catalyst for this downturn. Instead, the sell-off
Indian Rupee recovers some lost ground on Monday, despite the firmer US Dollar. India’s growth and inflation dynamics might convince the RBI to hold rates higher for longer. The US ISM Manufacturing PMI will be due on Monday. Indian Rupee (INR) trades on a stronger note on Monday despite the stronger US Dollar (USD). The
UPCOMING EVENTS: Monday: China Caixin Manufacturing PMI, US ISM Manufacturing PMI, BoC Business Outlook Survey. Tuesday: RBA Minutes, Switzerland Retail Sales, Switzerland Manufacturing PMI, German Inflation data, US Job Openings. Wednesday: China Caixin Services PMI, Eurozone CPI and Unemployment Rate, US ADP, Canada Services PMI, US ISM Services PMI. Thursday: Switzerland CPI, Eurozone PPI, US
Gold traded in a narrow range on Wednesday amid an uptick in the dollar index (DXY). Investors await more data scheduled for release this week to get a grip on which way the Fed could lean on the issue of interest rate cuts. The MCX April gold futures were trading at Rs 66140 per 10
With the stock market closed tomorrow, today is the end of the month and the quarter for stocks. Russell 2000 is trading at the 52-week high The Russell-2000 of small-cap stocks are doing the best of the major US indices today with a gain of 0.89% and in the process is trading to a new
China has two primary Purchasing Managers’ Index (PMI) surveys – the official PMI released by the National Bureau of Statistics (NBS) and the Caixin China PMI published by the media company Caixin and research firm Markit / S&P Global. The official PMI survey covers large and state-owned companies, while the Caixin PMI survey covers small
Global oil prices edged up on Thursday, recovering from two consecutive sessions of decline, as investors reassessed the latest U.S. crude oil and gasoline inventories data and returned to buying mode. Brent crude futures for May were up 29 cents, or 0.34%, at $86.38 a barrel while the more actively traded June contract rose 28
USDJPY trades up and down The USDJPY remains in an up-and-down market as the day moves toward the close. The price is marginally higher now and tests the 100 hour MA at 151.39. The highs from earlier today did get above those levels, but could not sustain the upside momentum When the price is in
Mon: BoJ Tankan Survey (Q1), South Korea Prelim Trade Balance (Mar), Chinese Caixin Manufacturing PMI Final (Mar), US ISM Manufacturing PMI (Mar), US S&P Global Manufacturing PMI Final (Mar) Tue: RBA Minutes (Mar), CNB Minutes (Mar), South Korean CPI (Mar), EZ/UK Manufacturing PMI Final (Mar), German Prelim CPI (Mar), US Non-Durable Goods R (Feb), Chilean
Candlestick charts are a cornerstone of technical analysis, providing a visually intuitive way to understand price movements in the MCX Gold and Silver markets. By recognising specific candlestick patterns, traders can glean valuable insights into market sentiment and identify potential trading opportunities. Here, we’ll delve into several major reversal candlestick patterns that can be instrumental
Lynn Curry, nurse practitioner for Huntsville Reproductive Medicine, P.C., lifts frozen embryos out of IVF cryopreservation dewar, in Madison, Alabama, U.S., March 4, 2024. Roselle Chen | Reuters As legal battles over reproductive rights increase across the U.S., one area that could be impacted is egg freezing. In February, the Alabama state Supreme Court ruled
The price of WTI crude oil futures is settling at $83.17. That is up $1.82 or 2.24% on the day. The price is settling near the high for the day at $83.21. Technically, the 100-week moving average is at $83.05. Closing above that level is more bullish. The next target comes against the 61.8% retracement
Markets: Markets closed for Good Friday FX essentially unchanged A holiday throughout global markets usually makes for a quiet news day but that wasn’t the case today with US PCE, Powell and some other odds-and-ends. The PCE report had something for everyone but there was some US dollar selling in the aftermath. I suspect some
(This story originally appeared in on Mar 30, 2024) HYDERABAD: A week after it vaulted over the $2,200/oz mark in international markets for the first time, gold touched yet another life-high of $2,236 in the wee hours of Friday. In March, it has gained 9.3%, logging its best month since July 2020 (see graphic). Though