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WTI crude oil settled 98-cents higher today to $70.43. Oil traded up to $88 early last year but has been treading water near $70 for months. The opening level of the year was $71.65 so it’s on track for a small decline this year. Today’s EIA US oil inventory data: Crude -4237K vs -1867K expected

Oil prices were little changed on Friday but were set for a weekly rise amid optimism economic stimulus efforts will prompt a recovery in China, the world’s biggest oil importer. Brent crude futures fell 1 cent to $73.25 a barrel by 0145 GMT. U.S. West Texas Intermediate crude was at $69.60, down 2 cents, from

Yen saw broad declines during Asian session, briefly falling below 158 against Dollar, but the selloff was quickly mitigated by verbal intervention, as least partially. The decline was triggered by weaker-than-expected Tokyo inflation data. Stripping out energy and food prices, core-core inflation remained relatively stable, signaling limited urgency for BoJ to proceed with further rate

At the end of the day, policymakers can and will spin the narrative to however they see fit with their decision. And with the BOJ these days, the leaked reports leading up to their meeting seem to be the more important part of the narrative. The latest inflation numbers from Japan’s capital here today might

Gold February futures contracts at MCX opened flat on Friday at Rs 76,900 per 10 gram, which is up by 0.1% or Rs 73 while silver March futures contracts were trading higher at Rs 89,994/kg, up by 0.4% or Rs 358.Displaying some positive momentum, gold prices surged by Rs 250/10 grams in the last one

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

2024 Recap – Trends and Lessons The base metals industry faced a volatile year in 2024, characterized by persistent macroeconomic challenges and shifting demand patterns. The U.S. The Federal Reserve’s higher-for-longer rate stance capped speculative sentiment, while inflationary pressures and concerns over a global economic slowdown shaped investment flows.China, the world’s largest consumer of base

This according to the NPC Standing Committee, as announced yesterday. For now, the agenda is said to encompass “reviewing the government work report, and examining the report on the implementation of the annual plan on national economic and social development for 2024 and the draft plan on national economic and social development for 2025”. Adding

Gold February futures contracts at MCX opened slightly higher on Thursday at Rs 76,589/10 gram, which is up by 0.42% or Rs 319 while silver March futures contracts were trading flat at Rs 89,570/kg, up by 0.27% or Rs 244. Gold prices remained flat this week so far, gaining merely Rs 169/10 grams, while 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

Gold price slipped Rs 100 to Rs 78,600 per 10 grams in the national capital on Tuesday, according to the All India Sarafa Association. The precious metal had closed at Rs 78,700 per 10 grams in the previous trading session. However, silver jumped Rs 500 to Rs 90,500 per kg against the previous close of

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

1. Industrial Demand: The Cornerstone of Silver’s Rise Silver’s unique properties—high conductivity, corrosion resistance, and versatility—make it indispensable in cutting-edge industries: Construction Boom: • Residential construction is expected to grow by 10% into 2025, while the Asia-Pacific region’s construction activity will reach $9.5 trillion by the same year. India’s government policies are projected to support

S&P 500 daily The shortened US equity market session on Christmas Eve is often a formality but Santa Claus delivered this year. The 0.7% rally yesterday in the S&P 500 was followed with 0.8% today and the post-Fed rout has now been largely erased. S&P 500 +1.1% Nasdaq Comp +1.4% (led by +6% for TSLA)

Oil prices rose on Tuesday, reversing the prior session’s losses, buoyed by a slightly positive market outlook for the short term, despite thin trade ahead of the Christmas holiday. Brent crude futures were up 74 cents, or 1%, at $73.37 a barrel, and U.S. West Texas Intermediate crude futures also rose 74 cents, or 1.1%,

With China, it’s always hard to tell. But the big question is, are things really different for China this time around as compared to all their promises over the last few years? They’ve definitely stepped up the rhetoric but I want to say that actions speak louder than words at the end of the day.

Gold February futures contracts at MCX opened flat on Tuesday at Rs 76,213/10 gram, which is down by 0.09% or Rs 69 while silver March futures contracts were trading at Rs 89,299/kg, down by 0.2% or Rs 181. After facing volatility in the last one month, gold prices have largely remained flat, gaining Rs 225/10

Dollar edged higher in subdued holiday trading, maintaining its recent  strength but staying within a narrow range below last week’s highs against major currencies. Markets largely brushed aside the disappointing US durable goods orders data, as the series is known for its volatility. Moreover, traders are prioritizing labor market and consumption trends, which Fed views