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European indices are down roughly 1% now as stocks are struggling to stay afloat once again. The push lower comes as 10-year Treasury yields are at session highs, up 4.7 bps to 4.038% as bond sellers look to validate a break above the 4% mark on the week. US futures are also struggling, gradually moving

Gold traded in a tight range on Friday and is set to close with weekly declines having traded the week lackluster. Yellow metal’s fall could be attributed to the strengthening in the dollar index with the Fed remaining non-committal on the timing of the interest rate cuts. Taking cues from the international market, MCX February

Dollar is having a broad upswing today as investors and traders brace for the latest US non-farm payroll data. With the recent pullback in stock markets and noticeable recovery in treasury yields, the prevailing sentiment indicates that traders are increasingly skeptical about the likelihood of an early Fed rate cut. Consequently, any upside surprises in

Markets: Gold up $3 to $2043 US 10-year yields up 9 bps to 3.99% WTI crude down 36-cents to $72.35 S&P 500 down 0.3% EUR leads, JPY lags The ADP and initial jobless claims numbers led to a bid in the US dollar and selloff in bonds. They raised the stakes for tomorrow’s non-farm payrolls

Oil steadied on Thursday, largely unwinding an earlier rally, as concerns over Middle Eastern supply and disruptions at an oilfield in Libya were countered by concern about economic growth and demand. Local protests forced a production shutdown on Wednesday at Libya’s Sharara oilfield, which can produce up to 300,000 barrels per day (bpd). The field,

Japanese Yen is facing increased selling pressure today, influenced by rebound in US and European benchmark treasury yields. Additionally, traders are scaling back their expectations of imminent monetary policy changes by BoJ, in the wake of the recent devastating earthquake in Japan. This context sets the stage for potential downside risks to Yen in the

There seems to be a bit of pushing and pulling in markets at the moment, and I would say that something’s gotta give in due time. The dollar is mostly lower across the board, with it only gaining against the Japanese yen today. That comes as Treasury yields are pushing back higher on the session

Gold traded steady on Thursday amid a minor downtick in the dollar index (DXY). Taking cues from the international market, MCX February gold futures were trading with a positive bias in the opening trade. They were hovering at Rs 62,750 per 10 grams, up by Rs 243 or 0.39% from Wednesday’s closing price. Meanwhile, the

Major US stock indexes closed lower overnight, after FOMC minutes revealed Fed might be hesitance to lower interest rates soon. Notably, the likelihood of a March interest rate cut, as inferred from Fed funds futures, dipped below the 70% market following the release of the minutes. Dollar, however, is encountering challenges in gaining further momentum

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 plunged Rs 230 to Rs 63,970 per 10 grams in the national capital on Wednesday amid a bearish trend in the overseas markets, according to HDFC Securities. In the previous trade, the yellow metal ended at Rs 64,200 per 10 grams. Silver also tumbled Rs 400 to Rs 78,400 per kilogram, while it

Dollar is having a renewed attempt to extend its near-term rebound, buoyed by mild risk-off sentiment prevalent in Europe and US premarkets. This resurgence in the greenback’s strength coincides with ongoing selloff in technology stocks, which has now extended to major Asian markets, with key indexes in South Korea and Taiwan closing down. Additionally, Dollar

The story for USD/JPY continues to be one largely tied to the movement in bond yields, or more specifically Treasury yields. This is evident by the hourly chart below: USD/JPY vs US Treasury 10-year yields (%) hourly chart A rebound in 10-year yields back to near 4% is also leading a bounce in USD/JPY this

Gold traded in a tight range on Wednesday as the Street awaits FOMC minutes of the December monetary policy to get more clarity on the direction of the Fed’s decision-making, going ahead. The minutes will be released later today. Taking cues from the international market, MCX February gold futures were trading lackluster in the opening

Dollar softens mildly in quiet Asian session today. The greenback’s rebound stalled ahead of near term resistance levels, as general market sentiment stabilized in US session overnight. Investors and analysts are now turning their attention ISM Manufacturing PMI and FOMC minutes, seeking guidance on the future on the next move of the greenback. In 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

Global economic uncertainties and geopolitical tensions are likely to take gold prices to a new high of Rs 70,000 per 10 grams this year, making it a safe haven investment and a perfect hedge against inflation, industry body All India Gem and Jewellery Domestic Council (GJC) said on Tuesday. “The yellow metal’s appeal as a

As US session commences, Dollar’s rebound is gaining additional momentum. This upswing is occurring against a backdrop of intensifying selloff in the equities market, primarily influenced by Apple’s downturn following downgrade by Barclays over concerns of weakening sales. European majors are currently bearing the brunt of the market’s shift. The final PMI manufacturing release from