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Official February 2025 PMIs from China’s National Bureau of Statistics (NBS). Both the January and February data are impacted this time of year by the Lunar New Year holidays. These were Jan. 29 to Feb. 12 in 2025. March will provide a clearer reading. Manufacturing 50.2, beating the median consensus estimate and back into expansion

Oil prices fell on Friday and were headed for their first monthly drop since November, as markets watched an Oval Office argument between the U.S. and Ukrainian presidents while also bracing for Washington’s new tariffs and Iraq’s decision to resume oil exports from the Kurdistan region. Brent crude futures, which expired on Friday, settled at

Risk sentiment received a boost in early US trading as January’s PCE inflation data came in line with expectations, lifting hopes that Fed may have room to cut rates in the first half of the year. Both headline and core PCE inflation slowed, adding to expectations that disinflation remains on track. Fed fund futures now

Taking its cue from the book “It can’t get any worse?”, the US stock market is closing higher despite the Trump vs Zelenskiy brouhaha in the Oval Office. Despite the rebound, the broader S&P and Nasdaq indices are closing lower for the 2nd consecutive week. The final nmbers for the day are showing: Dow industrial

Oil prices eased on Friday, heading for their first monthly drop since November, as uncertainty over global economic growth and fuel demand from Washington’s tariff threats and further signs of a U.S. economic slowdown outweighed supply concerns. The more active May Brent crude futures slipped 31 cents, or 0.4%, to $73.26 a barrel by 0133

Global stock markets are under heavy selling pressure as risk-off sentiment dominates the final trading day of February. The selloff intensified across major indices, with Japan’s Nikkei plunging -3% and Hong Kong’s Hang Seng Index down -2.8%, following the steep declines in US equities overnight. Investors are increasingly wary of escalating trade tensions, which could

Bitcoin (BTC/USD) daily chart The latest fall today now sees price fall by over 27% from the highs at the start of the year. We’ve pretty much halved the advance since the start of October and the Fib retracement above reinforces the pullback momentum. We’re now running into the 50.0 Fib retracement level of the

Gold traded lower on Friday, heading for its biggest weekly drop in over three months as a stronger dollar weighed on prices. Investors are closely watching key U.S. inflation data for insights into the Federal Reserve’s monetary policy outlook. As of 10:28 a.m., April gold futures were trading at Rs 84,732 per 10 grams on

Dollar surged sharply across the board in early US session trading after US President Donald Trump reinforced his tariff plans, clarifying uncertainties that had lingered in the market. In a Truth Social post, Trump confirmed that the tariffs on Canada and Mexico will “go into effect, as scheduled” on March 4. Additionally, China will face

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

Gold prices tumbled by Rs 1,150 to Rs 88,200 per 10 grams in the national capital on Thursday, tracking a bearish trend in global markets, according to the All India Sarafa Association. Gold of 99.5 per cent purity also slumped by Rs 1,150 to Rs 87,800 per 10 grams from the previous close of Rs

Dollar traded broadly higher in Asian session, trying to stage a comeback after a failed rally attempt overnight. Renewed focus on tariffs appears to be driving some of the greenback’s momentum. Meanwhile, broader market sentiment is just steady following Nvidia’s strong earnings report, with lingering concerns over competition from China’s DeepSeek AI continue to weigh.

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

Gold April futures contracts at MCX opened slightly lower on Thursday at Rs 85,744 per 10 grams, dropping 0.15% or Rs 130, however, have surged significantly by Rs 4,845/10 grams in just last one month amid uncertainties over a global trade war and safe-haven buying. During the same period, silver March futures contracts have surged

Dollar appears to be gathering steam for a stronger, sustainable near-term rebound, although the precise catalyst remains unclear. One contributing factor an undercurrent of risk aversion, which is reflected in the broad selloff in the Australian and New Zealand Dollars. Yet, the overall market picture is mixed, as US stock futures inch higher and Treasury

Gold prices jumped on Wednesday by Rs 170 to Rs 85,824 per 10 grams in futures trade on the multi-commodity exchange. The gold contracts traded 0.13% higher for April delivery. The yellow metal has been surging to record highs of late and breached a fresh record on Monday before booking some profit booking amid uncertainty

Dollar remains stuck in a tug-of-war of conflicting forces. On one side, extended decline in US Treasury yields is pressuring the greenback, while on the other, risk aversion is offering some support. 10-year Treasury yield fell to its lowest level since December, looks on track to test the next Fibonacci support at 4.2%. Bond markets

EUR/USD daily chart EUR/USD continues to knock on the door of the 1.0500 level this week. A weaker dollar after the softer US consumer confidence data yesterday helped to underpin the pair but I wouldn’t say buyers have done enough just yet. The close yesterday was at 1.0512 but it’s not all too convincing of