Falling rates of inflation in the Tokyo area will likely translate to national CPI figures due in around 3 weeks. The underlying rate of inflation, the core-core (ex food and energy), which is closest to the US measure of core inflation, remains well above the Bank of Japan 2% target and argues for a reduction
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Oil prices fell by more than 4% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting supply concerns generated by escalating geopolitical tension in the Middle East. Brent crude slid 4.2%, or $3.38, to $75.38 a barrel by 1440 GMT while U.S. West Texas Intermediate crude
In today’s relatively subdued markets, the notable development is weakness in commodity currencies, led by Australian Dollar. This decline comes amid a drop in oil prices following Saudi Arabia’s decision to cut official selling prices across all regions. Additionally, precious metals have softened in response to rebound in global benchmark treasury yields. The downward trend
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 fell by more than 1% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting worries about escalating geopolitical tension in the Middle East. Brent crude slipped 0.93%, or 73 cents, to $78.03 a barrel by 0753 GMT after falling more than 1% earlier in
Australian Dollar trades broadly lower in today’s Asian session, influenced by notable decline in Hong Kong and Chinese stock markets as driven by selloff in technology stocks in these regions. Additionally, there is growing investor caution ahead of impending economic data from China, which is anticipated to highlight deepened deflation and challenges in the export
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 on track for their first weekly fall in four on Friday, as waning expectations of an early interest rate cut in the U.S. boosted the dollar, while investors focussed on a key employment report due later in the day for more rate clues. FUNDAMENTALS * Spot gold was up 0.1% at $2,054.10
UPCOMING EVENTS: Monday: Switzerland CPI and Retail Sales, Eurozone Retail Sales. Tuesday: Tokyo CPI, Australia Retail Sales, Switzerland Unemployment Rate, Eurozone Unemployment Rate, US NFIB Small Business Optimism Index. Wednesday: Japan Wages data, Australia Monthly CPI. Thursday: US CPI, US Jobless Claims. Friday: China CPI, UK GDP, US PPI. Monday The Switzerland CPI Y/Y is
Amid a slow start for gold in 2024, spotting trends and outlook for gold and silver prices will carry significant weight. One such opportunity has come in the form of recent corrections in bullion. Buy on dips The recent nuanced landscape in gold prices, marked by a drop from 64,000 to 61,000, unveils a compelling
The onset of 2024 marked a notable shift in global market sentiment. Major U.S. stock indexes ended their nine-week winning streak, closing lower, while major benchmark treasury yields experienced a notable recovery. Concurrently, this shift in market dynamics was accompanied by a scaling back of bets on an immediate rate cut by Fed. Amidst these
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
Following two consecutive years of underperformance, gold made a swift turnaround in 2023, gaining more than 15% in the international market. Multiple catalysts like geopolitical tensions, US Fed policy decisions, a volatile US currency, and a pessimistic global growth outlook reinforced its safe-haven status. The Russia-Ukraine war and the unforeseen events in West Asia due
S&P 500 weekly Closing changes on the day: S&P 500 up 0.2% DJIA +0.1% Russell 2000 -0.2% Nasdaq Comp +0.1% Toronto TSX Comp +0.2% Closing changes on the week: S&P 500 down 1.5% DJIA -0.6% Russell 2000 -3.6% Nasdaq Comp -3.25% Toronto TSX Comp -0.3% Coming into this week, the S&P 500 and Nasdaq had
Helped by weaker-than-expected US ISM services data that negated the impact of an encouraging non-farm payroll report, spot gold recovered in an extremely volatile session on Friday to close with a gain of 0.12% at $2,046. However, despite an impressive recovery from Friday’s low of $2,024, the metal closed with a loss of around 0.80%
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 rose over $1 on Friday as U.S. Secretary of State Antony Blinken prepared to visit the Middle East in an attempt to contain flaring regional tensions as the Israel-Hamas conflict rages. Brent crude futures were up $1.34, or 1.7%, at $78.93 a barrel, while U.S. West Texas Intermediate crude futures rose $1.62, or
Dollar rises broadly in early U.S. session, spurred by a robust set of job data that surpassed expectations in all key areas including headline employment growth, unemployment rate, and wage growth. This robust data also propelled 10-year treasury yield further above 4% mark, while concurrently driving stock futures lower. However, while Dollar’s gains against Yen