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The USD started the NY session as the strongest of the major currencies (see post here), but lost some of it’s luster when US traders entered for the day. The greenback moved lower vs the US opening levels during the session (with the exception vs the CAD). There was no discernible US catalyst for the

Gold prices declined Rs 510 to Rs 59,940 per 10 grams in the national capital on Wednesday amid weak global trends, according to HDFC Securities. The precious metal had closed at Rs 60,450 per 10 grams in the previous trade. Silver also plummeted Rs 920 to Rs 74,680 per kg. “Spot gold prices in the

The markets have been somewhat directionless this week, with most major currencies remaining within last week’s trading ranges against one another, excluding a few Yen pairs. US stock indexes are consolidating in tight ranges with minor pullbacks, while the 10-year yield struggles below a short-term resistance level. Gold prices are recovering weakly, and oil prices

The dollar is the lead gainer across the board, holding at the highs for the day now as equities slide while bond yields are marching higher. The hotter-than-expected UK CPI data earlier is stoking inflation fears in broader markets again and that is benefiting the greenback as traders see a less dovish Fed outlook. Here’s

Gold prices were little changed on Tuesday as investors sought clarity on whether the U.S. Federal Reserve would pause after a widely expected interest rate hike in May. FUNDAMENTALS * Spot gold was flat at $1,994.85 per ounce, as of 0027 GMT. U.S. gold futures were also unchanged at $2,006.50. * Gold prices fell to

Australian Dollar is gaining ground today, supported by RBA minutes that revealed a rate hike was discussed during the April meeting. Encouragingly, stronger than expected Chinese GDP data is also contributing to the Aussie’s rise. Meanwhile, Dollar’s momentum has waned after yesterday’s rally, and Yen remains under broad pressure. Sterling and Canadian Dollar are currently

The USD is ending the day as the weakest of the major currencies in what was a ho-hum trading day. The GBP and the EUR area the strongest. The strongest to the weakest of the major currencies Looking at the ranges (see table below) of some of the major currency pairs, the low to high

Jeera’s outlook is positive, in the short term as prices are trading at very high levels. We are expecting some profit booking to be seen in the prices. Currently prices are trading around Rs 42,000 levels on NCDEX. The outlook for Dhaniya and Turmeric is also positive in the long term. Export demand on the

Canadian Dollar weakens broadly in early US session, after data showed that consumer inflation slowed notably in March, in line with market expectations. However, Dollar has emerged as the day’s worst performer, reversing some of this week’s gains, even when compared to Yen. In contrast, Australian and New Zealand Dollars are performing strongly, buoyed by

Prior -46.5 Outlook 4.1 vs 15.3 expected Prior 13.0 The headline reading is a marked improvement, moving up to its highest since June last year as the recovery in the German economy continues. However, the expectations reading missed on estimates as high inflation and more restrictive monetary policy are weighing on the outlook. ZEW notes

A softer US dollar and lacklustre equity markets led to gains in gold and silver prices on Monday. June gold futures were trading Rs 235 or 0.39% higher at Rs 60,564 per 10 grams on the MCX at 1:25 pm. Meanwhile, May silver futures were up by Rs 566 or 0.75% at Rs 75,472 per

Multiple themes are unfolding in the markets today without any one taking center stage. Dollar is gaining strength, particularly against Yen, supported by an extended rebound in Treasury yields. Euro, on the other hand, is losing ground to the Pound after failing to break through a key near-term resistance level, which also weighs on the

Via a Morgan Stanley analyst Michael Wilson note on Monday. Says the fastest Fed policy shift in 40 years drove the sudden failures of Silicon Valley Bank and Signature Bank in March and could bring about further surprises as the Federal Reserve could keep rates higher for longer: “If there is one thing that can

Gold price rose by Rs 80 to Rs 60,660 per 10 gram in the national capital on Monday amid gains in rates of the precious metal internationally, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs 60,580 per 10 gram. Silver also climbed Rs 260 to Rs 76,040 per

Asian trading remains relatively subdued today, with the exception of Yen’s ongoing selloff. Meanwhile, Dollar attempts a weak recovery, while Euro and New Zealand Dollar are softer for now. The focus may shift away from the greenback this week, as significant data releases from other regions take center stage. Specifically, CPI data from the UK,

These were the two currencies that were in focus last week and were highlighted earlier here as well, after having seen the dollar hang on right at the edge on Friday. EUR/USD is now down 0.3% to 1.0965 with GBP/USD down 0.3% as well to 1.2375 on the day. It’s still early in the session

Oil prices rose on Friday after the West’s energy watchdog said it expected global demand to rise to a record high this year on the back of a recovery in Chinese consumption. The International Energy Agency (IEA) also warned that output cuts announced by OPEC+ producers could exacerbate an oil supply deficit and hurt consumers.

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