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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Gold prices struggled for momentum in early Asian hours on Monday as investors looked forward to U.S. inflation data due later this week for more clarity on the Federal Reserve‘s interest rate path after a dovish pivot last week. FUNDAMENTALS * Spot gold was little changed at $2,019.49 per ounce, as of 0041 GMT. U.S.
Japanese Yen is extending its broad-based pullback today. This movement appears to be a strategic response from traders lightening their positions in anticipation of the upcoming BoJ policy decision. Although a rate hike by the BoJ seems highly unlikely at this stage, there is speculation about potential adjustments in the central bank’s communication. These changes
The dollar staged a slight bounce towards the end of last week following comments by NY Fed president, John Williams, here. One can argue whether or not it is taken out of context but it speaks to the stretched positions in markets in recent weeks. And if anything else, it is a good excuse as
Gold prices struggled for momentum in the early trade on Monday as Street awaits for US inflation data due later this week for more clarity on the Federal Reserve’s interest rate path after a dovish pivot last week. The lackluster trade was despite the dollar index trading in red. Taking cues from the price of
New Zealand Dollar strengthens broadly in an otherwise quiet Asian session today, leading Aussie along with it. This notable rise can partly be attributed to two key domestic factors: a significant improvement in consumer sentiment and robust data from the country’s services sector. In the broader context, Kiwi’s strength is also accentuated by monetary policy
UPCOMING EVENTS: Monday: US NAHB Housing Market Index. Tuesday: RBA Meeting Minutes, BoJ Policy Decision, Canada CPI, US Building Permits and Housing Starts. Wednesday: PBoC LPR, UK CPI, US Consumer Confidence, BoC Summary of Deliberations. Thursday: Canada Retail Sales, US Q3 GDP Final, US Jobless Claims. Friday: Japan CPI, UK Retail Sales, Canada GDP, US
Reserve Bank of India (RBI) has set Monday, December 18 as the date for premature redemption of SGB 2017-18 Series XII of the sovereign gold bond. The price for premature redemption is Rs 6,199 per gram. Premature redemption in the SGB scheme is permitted after the completion of the fifth year from the date of
USDCAD daily chart The weather is cooling off in Canada but the currency has heated up. USD/CAD fell to a four-month low today despite some US dollar strength elsewhere. Bank of Canada governor Tiff Macklem helped along the move as he pushed back against rate cut talk. “We have not started having that discussion (about
Crude oil witnessed a steep fall on demand worries and concerns over surplus supply. Prices remained averse after an underwhelming production cut initiated by OPEC plus countries in its latest meeting which ended on November 30. The US benchmark, NYMEX futures, slipped below $70 a barrel last week while its Asian counterpart, Brent crude, traded
Make it a 7 and 7. That is 7 consecutive up days, and 7 consecutive up weeks for the the Dow and the Nasdaq. The late day rally fizzled into the close for the S&P, however, as it closed marginally lower on the day (but still down). There is two more weeks to the end
Gold prices fell on Friday, but eked out a weekly rise as the Federal Reserve shifted to a dovish stance and projected lower interest rates next year. Spot gold fell 0.8% to $2,019.91 per ounce by 3:33 p.m. ET (2033 GMT) but gained 0.8% for the week. U.S. gold futures settled 0.4% lower at $2,035.70.
The financial markets concluded last week on a robust risk-on sentiment, driven primarily by the flurry of central bank activities. The stock markets, in particular, resonated with a bullish tone, cementing their position after Fed’s dovish shift. This sentiment propelled key indices like the DOW, DAX, and CAC to new record highs. Despite a mild
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
Brent and U.S. crude futures finished at a small loss following a see-saw session, in which prices fell more than $1 a barrel at one point on Friday, as traders tried to reconcile mixed signals for oil demand in the coming year. Brent futures settled down 6 cents, or 0.08%, at$76.55 a barrel. U.S. West
Euro is emerging as the strongest currency for the week, bolstered by ECB’s resistance to the expectations of a rate cut. The common currency will now look into today’s Eurozone data. Positive surprises from there could solidify ECB’s stance, and give Euro more fuel to extend recent rise. For now, Japanese Yen followed as the
The major US indices are closing mixed. THe UK FTSE 100 and Spain’s Ibex close lower. France CAC did the best, while Italy’s FTSE MIB and Germany’s DAX were near unchanged. The closing levels shows: German DAX, -0.79 points or 0.0% at 16751.43 France CAC was 21.06 points or 0.28% at 7596.92 UK FTSE 100
Gold prices are set to end with weekly gains buoyed by a weaker greenback and lower bond yields following the US Fed’s dovish commentary which has triggered a nosedive in the dollar index (DXY). Taking cues from the price of yellow metal in the international market, MCX February gold futures were trading at Rs 62,490