Asian market trading is subdued today, with Dollar retreating as its recent rally began to lose steam. Notably, overnight remarks from Fed officials didn’t provide any fresh cues, reinforcing expectations of a pause in rate hike this month. However, the door remains open for a subsequent rate hike, contingent on incoming data. All eyes now
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India’s leading exchange National Stock Exchange (NSE) will launch options on WTI crude oil and natural gas futures contracts in its commodity derivatives segment. The launch date will be announced soon. WTI crude oil is a specific grade of crude oil and one of the main three benchmarks in oil pricing, along with Brent and
AI Generated render of 25000 Tesla (this would sell if real) The average US new car costs nearly $50,000 right now and the average electric car price in the United States hit $66,000 last month – a more than 13% increase year over year. Those numbers combined with high interest rates and gasoline prices will
Canadian Dollar is having a notable uplift in early US session, propelled by stronger than expected employment data that underscores a persistently robust and tight labor market scenario in the country. The revelations from the data could potentially pose hurdles in the path of Canada’s disinflation journey, a process which, according to BoC governor Tiff
Gold gained on Friday amid a weak dollar which was trading with a negative bias. At 104.86, the dollar index (DXY) was down 0.20%, though still remaining at a 6-month high. The MCX October gold futures were trading up by Rs 127 or 0.22% from the Thursday closing price at Rs 59,125 per 10 gram
ICYMI, the report from Benzinga: New filings from the company showed Huang sold shares over the past several trading sessions. Two separate filings from Nvidia revealed Huang exercised stock options in blocks of 29,688 shares with an exercise price of $4. Three separate transactions saw this amount of common shares exercised through options from Sept.
Asian markets showcased a mild risk-off tone today, in the wake of lower closes in US markets overnight. However, the forex arena remains comparatively tranquil with major currency pairs and crosses largely confined within the previous day’s trading range. Lingering apprehensions regarding a potential rate hike by the Fed have resurfaced following robust US services
Gold prices edged higher on Thursday, as a slight pullback in Treasury yields offered some respite from a robust dollar, while investors looked forward to more U.S. economic data to gauge the outlook for interest rates. Spot gold was up 0.3% at $1,922.70 per ounce by 1213 GMT, after hitting a one-week low on Wednesday.
The WSJ reports that Walmart has tweaked its pay structure so some new hires get less. Under the new structure most new hires will make the lowest possible hourly wage for that store. In the past, some new hires, such as those who collect items for online orders, would have made slightly more than other
Sterling is under pronounced pressure in forex markets, trailing as the day’s worst performer. This wave of selloff initiated yesterday following BoE Governor Andrew Bailey’s articulation to the parliament, hinting that UK is “much nearer” to hitting the terminal interest rates. Further aggravating the downfall, a BoE survey rolled out today unveiled a stark decline
Gold fell on Thursday led by steady dollar amid concerns of inflation and likelihood of further interest rate hike by the US Federal Reserve. At 104.86, the dollar index (DXY) was hovering just shy of 105 against a basket of six major currencies which lent weakness to the yellow metal. It was also the greenback’s
Agricultural Bank of China and Bank of China have announced they are adjusting rates for some existing first-home mortgages. There has been a wave of supportive moves such as this after instructions were given by authorities in the country. The property sector has been slow under the debt implosion, relief measures are ongoing.
Forex markets have found a moment of stability in today’s Asian trading session, with Dollar taking a breather as it looks for fresh catalysts to continue this week’s rally. All eyes are now on the upcoming ISM Services data, which could prove pivotal for Dollar’s trajectory. Services sector has emerged as the main engine of
Gold price declined by Rs 100 to Rs 60,200 per 10 gram in the national capital on Wednesday amid weak cues in overseas markets, according to HDFC Securities. In the previous trade, the yellow metal had ended at Rs 60,300 per 10 gram. “Gold extended its fall on Wednesday, with spot gold prices (24 carats)
US ISM Services PMI Details: employment index 54.7 versus 50.7 prior new orders index 57.5 versus 55.0 prior prices paid index 58.9 versus 56.8 prior new export orders 62.1 versus 61.1 prior imports 52.3 versus 52.3 prior backlog of orders 41.8 versus 52.1 prior inventories 57.7 versus 50.4 prior supplier deliveries 48.5 versus 48.1 prior
Dollar is enjoying another rally, further solidifying its position as the strongest currency for the week so far, following an upbeat ISM Services report that well exceeded market expectations. The data affirms services sector’s dominant role in driving US economy. Additionally, it highlighted a robust uptick in both employment and prices, arguing the specter of
Gold slipped to one-week lows on Wednesday, falling further after posting its biggest intra-day decline in a month in the last session, as U.S. Treasury yields and the dollar advanced on expectations that interest rates are likely to remain high. FUNDAMENTALS * Spot gold was subdued at $1,924.41 per ounce by 0058 GMT, after posting
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