News

Bloomberg is out with a piece saying that the BoJ is considering raising their inflation forecasts after the solid results in the recent Japanese wage negotiations. Core CPI is seen revised higher with price growth forecasts to be close to 2% The report also noted that officials need to be aware of the potential for

Gold hit a new lifetime high of Rs 71,150 per 10 gram on the MCX on Tuesday in the early trade taking cues from the international prices. At 10 am, the June gold futures were trading at Rs 71,130 and were up by Rs 218 or 0.31% over the Monday closing price. Meanwhile, May silver

New Zealand Dollar traded broadly higher in Asian session, despite revelation of significant downturn in business confidence for Q1. Kiwi bears seemed to be lightening up their short positions in anticipation of RBNZ rate decision tomorrow, which is broadly expected to maintain interest rate at 5.50%. The market’s recent aggressive speculation on an early rate

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

Global oil benchmark Brent steadied above $91 a barrel on Monday, reducing early losses prompted by Israel withdrawing more soldiers from Gaza and committing to fresh talks on a potential ceasefire in the Middle East conflict. Brent crude futures were down 16 cents, or 0.2%, at $91.01 a barrel by 1335 GMT. U.S. West Texas

Benchmark treasury yields in US and Europe rise notably in a day of relatively slow news flow.  At the same time, Copper is extending recent up trend while Gold edged higher to new record. European stock indexes are seeing appreciable gains, and US futures indicate a positive start. These development keeps Swiss Franc and Yen

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 and silver prices hit new lifetime highs in the opening trade on Monday continuing their dream run on the Street. Gold contracts on MCX hit a life high of Rs 71,080 per 10 grams jumping Rs 440 or 0.62%. Meanwhile, silver futures scaled a new peak of Rs 82,064. It was trading at Rs

As Asian session unfolded, the forex markets have been relatively quiet. Precious metals, on the other hand, are making headlines with Gold soaring above new record high above 2350 mark and Silver also rallies significantly. Nikkei is having a notable rebound even though 40k psychological level could remain a strong resistance to cap upside. Oil

There isn’t juch on the data agenda for the Asia session to move around major FX too much – eyes will be on the headline feed. Note that with USD/JPY towards 152.00 again the probability of verbal intervention from Japan is higher again today. For those trading Australian and New Zealand markets also note that

Why can’t we think of benefiting from rising prices by participating in that trend as investors? Let me explain. I wrote to you about the rally in Gold prices more than a month ago. Now gold has rallied to all-time highs recently. Consumers who were planning to buy gold are worried as they will have

Oil cooled somewhat into the close after hitting the best levels in five months an hour earlier. I think those buying oil on a potential Iran-Israel war are taking an unnecessary risk in betting on an unknowable outcome. In general, the best trade is to fade war fears and that’s what the broader market did

Trading in MCX gold and silver contracts can be a rollercoaster ride, influenced not only by market dynamics but also by the psychological factors that govern traders’ decision- making processes. Delving into the psychology of trading reveals the complex interplay of emotions that can impact trading outcomes. In this article, we’ll explore the common emotions

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 hit a pause on Friday after scaling to historic highs in the previous session on expectations of lower U.S. interest rates this year, while traders await further cues from a key jobs report due later in the day. FUNDAMENTALS * Spot gold was down 0.2% at $2,284.84 per ounce, as of 0052 GMT,

Global financial markets are bracing for potential upheaval as geopolitical strains drive gold to new record while oil prices surge. This surge, alongside the rally in metals like Copper, ignites concerns over an inflation comeback. Such inflationary pressures, combined with a revival in manufacturing and service sectors, could deter major central banks from implementing significant

Canada employment chart March 2024 Canada’s jobs report showed a decline of 2.2K jobs in February, worse than the +25K reading expected. The headline is even worse than it looks when you consider runaway growth in Canadian immigration that led to a rise in the unemployment rate to 6.1% from 5.8%. That’s the highest since

Oil prices extended gains on Friday and were on course for a second weekly gain, supported by geopolitical tensions in the Middle East, concerns over tightening supply and expectations about demand growth as economies improve. Brent crude was up 26 cents, or 0.3%, to $90.91 a barrel by 1252 GMT. U.S. West Texas Intermediate crude