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The forex markets have shifted into consolidation mode today, with Dollar’s rally slowing as profit-taking sets in. Traders are showing caution ahead of two critical events that could reshape the near-term outlook: the upcoming non-farm payroll report next Friday, and the US presidential election the following week. NFP data is expected to set the stage

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 steadied on Friday but were headed for a weekly gain, driven by safe-haven demand due to escalating geopolitical concerns, while palladium lingered near a 10-month high. FUNDAMENTALS * Spot gold was little changed at $2,733.63 per ounce by 00:18 GMT. Prices hit a record high of $2,758.37 on Wednesday and were up 0.5%

Japanese Yen’s broad selloff intensified during the quiet Asian trading session today, with the currency continuing to weaken against major counterparts. A key factor behind Yen’s decline is the ongoing surge in US and European bond yields, which diminishes the appeal of the low-yielding Yen. More striking, however, is the apparent silence from Japanese authorities,

The changes are light in the new day but the antipodeans are slightly lagging in the major currencies space. It’s not so much the dollar but perhaps some light softness in the yuan is also weighing. In any case, it is bringing into focus some key technical levels for AUD/USD right now. AUD/USD daily chart

Gold December futures contracts at MCX were trading at Rs 78,143 per 10 gram, down by 0.37% or Rs 288 while the silver December futures contracts were trading at Rs 96,401/kg, down by 0.65% or Rs 631. Gold prices have gained Rs 2,500/10 gram in the month of October so far while the silver prices

The forex markets are relatively calm today, as major currency pairs and crosses gyrate within familiar ranges, digesting recent moves, and awaiting fresh data. Euro is having a slight recovery, supported by mixed PMI data that reflected an improving outlook in Germany, offset by a more concerning deterioration in France. Inflationary pressures continue to linger,

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 held steady on Thursday after scaling an all-time high in the previous session, with a stronger dollar and an uptick in U.S. Treasury yields offseting support from safe-heaven demand. FUNDAMENTALS * Spot gold was flat at $2,718.32 per ounce, as of 00:13 GMT. U.S. gold futures were 0.1% higher to $2,732.10. * Prices

Japanese Yen saw a modest recovery today after briefly dipping below the 153 mark against Dollar, as Japanese officials finally broke silence on the currency’s recent decline. Finance Minister Katsunobu Kato stated that the government is closely monitoring exchange-rate movements with “heightened vigilance, including for any speculative moves.” He reiterated the need for exchange rates

It’s been a rather lackluster last few sessions in Europe in terms of headlines. But hey, things might take a different turn today. On the agenda, we do have PMI data from France, Germany, and the Eurozone to make up for it. That will at least keep things interesting especially if the data continues to

After witnessing profit booking on the higher levels yesterday, Gold December futures contracts at MCX on Thursday opened flat at Rs 77,971 per 10 gram, which is up by 0.2% or Rs 159 while silver December futures contracts were trading at Rs 97,450/kg, up by 0.51% or Rs 490. On Wednesday, gold and silver settled

Japanese Yen and the Nikkei index have both been hammered this week as political uncertainty ahead of Japan’s snap election seemed to be rattling investor confidence. Yen accelerated its slide against Dollar through 153 mark while Nikkei ended the day with a sharp loss of over 300 points. Prime Minister Shigeru Ishiba’s dissolution of the

The US treasury will auction off $13 billion of 20 year bonds at the top of the hour. The auction results will be compared to the six-month averages of the major components from the auction. Those six-month components show: Tail six-month average -0.62 basis points (although the last election was 2.0 basis points) Bid to

Gold prices surged to a record high on Wednesday as the conflicts in the Middle East and uncertainty surrounding the upcoming U.S. election spurred demand for safe-haven assets. FUNDAMENTALS * Spot gold was little changed at $2,746.25 per ounce, as of 23:45 GMT, after hitting its highest level at 2749.07 earlier in the session. *

Dollar strengthened broadly overnight, propelled by the extended rally in US Treasury yields. 10-year yield soared to its highest level since late July, breaching 4.2% mark during Asian trading session. The move reflects growing market expectations that Fed’s monetary policy easing will proceed more slowly than initially hoped. Importantly, there is an increasing belief that

USD/JPY looks to be in the mood as it surges higher and is now closing in on the 152.00 level. The pair is pushing higher with the yen sliding as Japanese stocks are also dragged lower on the day. The Nikkei is now down 1.4% with little other catalysts driving overall sentiment for the currency.

Gold December futures contracts at MCX opened flat on Wednesday at Rs 78,545 per 10 gram, which is down by 0.14% or Rs 111 while silver December futures contracts were trading at Rs 99,505/kg, down by 0.46% or Rs 467. On Tuesday, gold and silver settled on a positive note in the domestic and international