Markets: Gold up $1 to $1989 WTI crude oil up $1.95 to $76.71 US 10-year yields down 9 bps to 3.43% S&P 500 up 0.9% GBP leads, JPY lags The big story of the day was the Bank of Japan leaving policy unchanged and the yen taking a beating. It tumbled right across the board
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Gold declined on Friday as the dollar and bond yields rose after data showed that the personal consumption expenditure price rose more than estimated, while markets turned their focus to the Federal Reserve’s meeting due next month. The June gold futures were trading at Rs 59,740 per 10 gm on the MCX at 1.14 pm
Yen declined broadly in Asian session as traders discovered that BoJ still has the potential to surprise the market with dovish moves. The selloff was triggered by the central bank’s plan to review monetary policy in 12 to 18 months, a major disappointment for those who expected imminent changes as early as at today’s meeting.
It appears as though the clock ran out on First Republic Bank. Reuters, citing sources, reports that the US Federal Deposit Insurance Corporation is preparing to place the struggling bank under receivership “imminently”. It’s no surprise as reports on Friday suggested that time was running out and that no private sector-led rescue was coming. Various
New Delhi, Apr 28 (PTI) Gold price declined Rs 420 to Rs 59,980 per 10 grams in the national capital on Friday amid weak global cues, according to HDFC Securities. The precious metal had settled at Rs 60,400 per 10 grams in the previous trade. Silver also tumbled Rs 570 to Rs 74,600 per kg.
Dollar is facing renewed pressure against European majors in early US trading sessions due to faster-than-expected declines in headline inflation. However, it continues to hold strong against Japanese Yen, which remains the worst performer for both the day and the week. Yen is continuing the post-BoJ selloff, with no signs of stopping as of yet.
> Canada GDP for February 0.1% versus 0.2% estimate Canada GDP for February 2023 Prior report 0.5% revised to 0.6% Canada GDP 0.1% versus 0.2% expected (the estimate from February was a 0.3% gain) The advance estimate for March -0.1% goods producing 0.1% versus 0.4% prior service producing 0.1% vs 0.6% prior 12 of 20
Gold prices were little changed on Friday, but were headed for a small weekly gain due to a weaker dollar and lingering economic concerns, while investors looked ahead to the Federal Reserve’s policy move next week. FUNDAMENTALS * Spot gold was little changed at $1,986.71 per ounce by 0042 GMT, but was headed for a
The forex markets appear stable in today’s Asian session, with most major pairs and crosses remaining within yesterday’s range. Stabilization of US stocks helped calm investors for now, but overall sentiment remains vulnerable. Australian Dollar continues to be the week’s worst performer, facing a triple blow of risk aversion, declining copper prices, and RBA speculation.
Eamonn Sheridan Thursday, 27/04/2023 | 23:50 GMT-0 27/04/2023 | 23:50 GMT-0 Japan Retail Sales March +7.2% y/y expected 5.8%, prior 7.3% for the m/m, +0.6% (expected +0.3%, prior +2.1%) more to come — Coming later from Japan, the Bank of Japan decision, previews: jpy ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW
Chana (gram) prices have slid 4%-6% in the past three weeks, plunging below the minimum support price level (MSP) in Maharashtra after the state government included chana along with tur and urad in the stock declaration order. This has increased worries of farmers as the government buying at MSP is limited. The average wholesale price
Dollar shrugs off worse than expected Q1 GDP data and recovers against European majors in early US session. But momentum is so far weak except versus Swiss Franc, which happens to be the worst performer for the day. Australian Dollar and other commodity currencies turned into consolidation, digesting this week’s losses. Meanwhile, Euro and Sterling
Headlines: Markets: NZD leads, CHF lags on the day European equities mixed; S&P 500 futures up 0.5% US 10-year yields up 3 bps to 3.46% Gold up 0.5% to $1,998.35 WTI crude up 0.5% to $74.65 Bitcoin up 1.9% to $28,950 It was a quiet session for the most part as headlines were few and
Gold prices ticked up on Thursday, propped up by a softer dollar, while investors eyed U.S. GDP growth data for hints on when the Federal Reserve might consider pausing interest rate increases. FUNDAMENTALS * Spot gold rose 0.1% to $1,991.14 per ounce by 0018 GMT. U.S. gold futures climbed 0.2% to $2,000.20. * The dollar
Risk aversion is intensifying as US stocks tumbled significantly overnight, following First Republic Bank’s earnings report, which reignited concerns about the broader banking sector. The troubled regional bank’s shares plummeted by nearly half. Concurrently, bonds surged higher, pushing 10-year yield below 3.4% handle. Japanese Yen and Swiss Franc surged following the shift in sentiment, trailed
Singapore is addressing surging house prices with a third round of measures since December 2021. Newly announced: Foreigners buying any residential property in Singapore from today, 27 April 2023, will have to pay an additional buyer’s stamp duty (ABSD) of 60 per cent after it was doubled from 30 per cent. Singaporeans buying their second
Gold price jumped Rs 590 to Rs 61,040 per 10 grams in the national capital on Wednesday amid strong global trends, according to HDFC Securities. The precious metal had settled at Rs 60,450 per 10 grams in the previous trade. Silver also climbed Rs 420 to Rs 75,070 per kilogramme. “Spot gold prices in the
Euro is leading European majors higher today, with a little boost from improving consumer sentiment in Germany. However, it is likely that the rise is more due to concerns over regional bank woes in the US, which are triggering some risk-off sentiment. Australian Dollar is the worst performer for the day, with selloffs deepening, followed