Oil prices fell on Wednesday after hitting multi-month highs in the previous session, as investors braced for the U.S. Federal Reserve’s interest rate policy announcement later in the day. Brent crude futures for May were down $1.20 or 1.4% at $86.18 a barrel by 1425 GMT. U.S. West Texas Intermediate futures for April delivery, which
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Dollar stands firm as the day’s strongest currency, with the financial markets on edge for the Fed’s impending announcement. While interest rate is widely anticipated to hold steady at 5.25-5.50%, the spotlight is on the potential adjustments to Fed’s dot plot. December’s projections hinted at three rate cuts for the year, yet the consensus was
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 were stuck in a tight range on Wednesday as investors refrained from making big bets ahead of the U.S. Federal Reserve‘s policy decision and remarks from Fed Chair Jerome Powell later in the day. FUNDAMENTALS * Spot gold was up 0.1% at $2,159.50 per ounce, as of 0123 GMT. U.S. gold futures also
Yen declines broadly in a classic “sell-on-news” reaction following BoJ’s landmark decision to exit its eight-year negative interest rate policy and announce its first rate hike in 17 years. Although the immediate economic impact of this move is considered minimal, its psychological and symbolic significance cannot be understated. This policy shift was largely anticipated by
WTI crude oil daily WTI crude is near the highs of the day, up 70-cents to $83.45 in a reversal of losses that occurred in European trading. This is the fourth day in the past five that oil has climbed on signs of tightening US inventories and still-strong demand. Late yesterday, US Energy Secretary Jennifer
Gold prices retreated on Tuesday, hurt by a strengthening U.S. dollar, while investors geared up for the Federal Reserve’s interest rate stance from Chair Jerome Powell’s speech at the conclusion of the central bank‘s policy meeting on Wednesday. Spot gold fell 0.4% to $2,151.69 per ounce as of 10:15 a.m. EDT (1415 GMT), hovering near
Canadian Dollar falls sharply in early US session, triggered by an unexpected decline in Canada’s headline CPI and a more significant than anticipated slowdown in core inflation measures. This trend of disinflation is likely to reassure BoC that its efforts to curb inflation are bearing fruit, possibly at a quicker pace than initially projected. The
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 were flat on Tuesday as investors stayed on the sidelines ahead of the U.S. Federal Reserve‘s policy meeting this week that could offer further clues on the timing of likely interest rate cuts this year. FUNDAMENTALS * Spot gold was little changed at $2,160.97 per ounce, as of 0126 GMT. U.S. gold futures
Yen softened slightly in Asian session today, influenced by a robust rebound in strong rebound in Nikkei. Meanwhile, New Zealand Dollar received a modest boost, buoyed by an upturn in the country’s services data. This was mirrored by the Australian Dollar, which, along with the Kiwi, found support in the latest batch of Chinese economic
AI image In New York law, losers in civil cases need to post the judgement against them before they can appeal. It will be interesting to see if he can convince the judge to lower it or postpone it as his lawyers claim he’s facing “insurmountable difficulties” in obtaining a bond. I imagine this is
Gold fell in the opening trade on Monday ahead of the US Federal Reserve’s policy meeting outcome due on Wednesday. The MCX April gold futures were trading at Rs 65,352 per 10 grams, down Rs 190 or 0.29% while the May Silver contracts were trading at Rs 75,356 per kg around 9:10 am, lower by
Yen’s continued weakness persists in today’s subdued market, despite growing expectations for a BoJ rate hike in the upcoming Asian session—a move anticipated to conclude its longstanding negative rates policy. Although the anticipated adjustment from -0.10% to 0.00% may seem minor, its symbolic significance for the Japanese economy is profound, as it heralds a new
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
Oil prices ticked up in early Asian trading on Monday, firming up gains from last week when prices rose nearly 4% on the view that supply was tightening. Brent crude oil futures for May delivery inched up 3 cents to $85.37 a barrel by 0045 GMT. The April contract for U.S. West Texas Intermediate (WTI)
UPCOMING EVENTS: Monday: China Retail Sales and Industrial Production, Canada PPI, US NAHB Housing Market Index. Tuesday: BoJ Policy Decision, RBA Policy Decision, Eurozone Wage data, Eurozone ZEW, Canada CPI, US Housing Starts and Building Permits. Wednesday: PBoC LPR, UK CPI, FOMC Policy Decision, New Zealand GDP. Thursday: Australia/Japan/Eurozone/UK/US Flash PMIs, Australia Labour Market report,
Gold, with its timeless allure, has always been a beloved form of investment for Indian investors. Its rescind lifetime highs would be inspiring to gold enthusiasts. A perfect hedge against inflation, gold has been a safe haven, an epitome of stability. For centuries, in the face of economic upheavals, currency fluctuations, and geopolitical changes, gold