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
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Silent night, holy nightAll is calm, all is bright‘Round yon virgin Mother and ChildHoly infant so tender and mildSleep in heavenly peaceSleep in heavenly peace To sleep with peace in the world of equity investments is difficult to imagine. But what if there is a demonstrated predictable process with a proven outcome and track record?
Dollar gains modest ground in Asian session today, driven by mild risk-off sentiment. Mixed data emerging from China’s PMI manufacturing sector has cast a shadow over market sentiment, contributing to a tepid start in Hong Kong’s stock market. The HSI index is grappling with the aftermath of its fourth consecutive year of losses, as a
Today brings the privately-surveyed manufacturing PMI from China for December, Caixin/S&P Global. Over the weekend we had the official PMIs for December, manufacturing was a disappointment: The official PMI survey covers large and state-owned companies, while the Caixin PMI survey covers small and medium-sized enterprises. As a result, the Caixin PMI is considered to be
Gold prices climbed to a three-week high on Thursday as the U.S. dollar and bond yields touched multi-month lows on mounting bets that the U.S. central bank will start to cut interest rates as early as March next year. FUNDAMENTALS * Spot gold was up 0.5% at $2,086.66 per ounce, as of 0211 GMT, hitting
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 witnessed a lackluster opening in Monday’s trade amid a lack of triggers as major global commodity markets remained shut for trading on account of the New Year holiday. MCX February gold futures were trading at Rs 63,225 per 10 grams, minutes after opening, up Rs 22 or 0.03% from Friday’s closing price. Meanwhile, the
1) House prices Eight weeks ago, we might be having a very different conversation about Canadian housing. Yields were rising and central banks were offering no hints about cutting rates. Pain was certainly in the pipeline and a hard housing landing in the spring was likely. Skip ahead and the Government of Canada five year
Continuing to glitter in 2024 as well, gold price is likely to touch Rs 70,000 per 10 grams in the domestic market on the back of a stable rupee, geopolitical uncertainties and slowing global economic growth, according to experts. Currently, the yellow metal price is hovering at Rs 63,060 per 10 grams on the commodity
China’s Manufacturing PMI from the National Bureau of Statistics (NBS) for December has come in at its third straight month of contraction at 49.0, much worse than was expected from 49.5 expected and 49.4 in November Services at 50.4, a slight miss 50.5 expected and 50.2 in November Composite is 50.3, from 50.4 in November.
Gold prices gained +13% for the year ending 2023 after two years of lull returns- fuelled by the rising geo-political tensions during the year ( Russia-Ukraine, Israel- Gaza,) alongside the notion of toning down of the prevailing steep interest rates cycle, as policymakers have been successful in bringing down the inflation levels from four decades
The major US stock indices could not keep the momentum going and is ending the day and the year with a down day. The declines today, however, were not large enough to close the week lower. As a result, the major indices are ending higher for the 9th consecutive week to end a strong year
Oil prices are set to end 2023 about 10% lower, the first annual decline in two years, after geopolitical concerns, production cuts and global measures to rein in inflation triggered wild fluctuations in prices. Brent crude futures were up 18 cents, or 0.2%, at $77.33 a barrel at 0126 GMT on Friday, the last trading
Happy New Year It was a lively year in the FX market with the yen going on a particularly wild ride but ultimately it was the Swiss franc that came out on top as USD/CHF fell nearly 9%. At the other end of the spectrum was the Japanese yen as it was the G10 laggard
Commodity prices witnessed a mixed sentiment last year. Despite gold rallying to record highs, demand concerns due to the softening of the global economy adversely hit the prices of energy and base metals. Gold was the best-performing asset in the commodities gaining more than 15 percent in 2023. It hit an all-time high of $2135
The global asset that dominated the conversation in much of 2023 and particularly in Q4 was the 10-year Treasury note. However after a tumultuous year, it finishes nearly unchanged. The 10-year closed 2022 at 3.83% and it closes today at 3.87%. In the meantime it fell as low as 3.25% on the spring regional US
Gold prices were set on Friday for their best year in three on strong bets of U.S. interest rate cuts early next year and as the war in Ukraine and tensions in the Middle East lifted safe-haven demand. FUNDAMENTALS * Spot gold was up 0.2% at $2,068.95 per ounce, as of 0233 GMT. It has
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