Earlier this month we had the February inflation data for the Tokyo area: Today we get the national level data for February. Like the Tokyo data the headline is expected to drop from the January reading, as is the excluding fresh food measure. The core-core (this is the CPI excluding food and energy and is
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New Delhi, Gold price climbed by Rs 450 to Rs 59,350 per 10 grams in the national capital on Thursday amid strong global trends, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 58,900 per 10 grams. Silver also zoomed Rs 815 to Rs 69,800 per kilogram. “Spot gold
Market’s response to the rate hikes by SNB and BoE has been relatively muted. Following today’s rate decisions, SNB signaled the possibility of further tightening, while BoE remains open to either a hike or a pause in the future. Dollar is currently the day’s worst performer, followed by Swiss Franc and Japanese Yen, with commodity
Reuters Latest Asian FX Poll is out – Investors turned less bearish on the Chinese yuan and the Singaporean dollar as they cut short bets across most Asian currencies, a Reuters poll found, as fears of a banking crisis likely prompted a shift towards a pause in policy tightening by major central banks. Short bets
Gold prices edged higher on Thursday after the U.S. Federal Reserve raised interest rates by an expected 25 basis points and signalled it was on the verge of pausing future hikes in view of recent turmoil in the financial sector. FUNDAMENTALS * Spot gold was up 0.2% at $1,972.72 per ounce, as of 0101 GMT.
As the mood in the financial markets seems to be rather upbeat, Asian markets are riding the wave of positivity, tracing the upward trajectory set by their US counterparts. All eyes are on FOMC rate decision today, with most expecting a 25 basis point increase. However, uncertainty lingers as opinions within the market remain divided
A snapshot of some of the major levels in the markets ahead of the rate decision by the Federal Reserve shows: Dow industrial average -58.19 points or -0.18% at 32502 S&P index -0.85 points or -0.03% at 4002.0 NASDAQ index up 22 points or 0.18% at 11882 2 year yield 4.13% 5 year yield 3.692%
Gold price tumbled Rs 480 to Rs 58,770 per 10 gram in the national capital on Wednesday amid a fall in rates of the precious metal internationally, according to HDFC Securities. The yellow metal had settled at Rs 59,250 per 10 gram in the previous trade. Silver also declined Rs 345 to Rs 68,850 per
Sterling is performing strongly after the release of stronger than expected UK CPI data, indicating a rise in inflation rather than a slow-down in February. As a result, it is highly likely that the BoE will hike interest rates by another 25bps during their meeting tomorrow. However, there is now speculation on whether there will
Prior +10.1% CPI +1.1% vs+0.6% m/m expected Prior -0.6% Core CPI +6.2% vs +5.7% y/y expected Prior +5.8% Core CPI +1.2% vs +0.8% m/m expected Prior -0.9% This is not going to make the BOE’s task any easier going into their policy decision later this week. Markets are anticipating that the central bank will hike
Gold prices edged higher on Wednesday as the dollar eased, while investors kept a close watch on the U.S. Federal Reserve’s interest rate decision and policy outlook. FUNDAMENTALS * Spot gold was up 0.2% at $1,942.96 per ounce, as of 0036 GMT. U.S. gold futures firmed 0.3% to $1,946.20. * Gold prices dropped about 2%
Australian Dollar is declining broadly as RBA minutes hinted at the possibility of a pause during their next meeting. Meanwhile, Yen has managed to hold on to the some gains it made earlier this week and appears poised for further rallying, particularly against commodity-based currencies. Both Euro and Sterling have maintained their strength after being
The US Treasury sold $20 billion in 20-year bonds at 3.909% compared to 3.906% in the WI market ahead of the sale. That’s slightly less demand than anticipated but there hasn’t been any additional selling in the bond market since. Note though that yields remain near the highs of the day after a dip midway
Gold price plunged by Rs 470 to Rs 59,480 per 10 grams in the national capital on Tuesday amid weak global trends, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 59,950 per 10 grams. Silver also declined Rs 420 to Rs 68,550 per kilogramme. “Spot gold prices in
Euro rises broadly today partly as overall sentiment stabilized. Technical also play a role as the common currency defended near term support levels against both Sterling and Aussie. Poor Germany economic sentiment data was basically ignored by the markets. Market participants appeared to dismiss the poor economic sentiment data from Germany, with the belief that
It’s still all about market sentiment and the headlines as we get stuck into the new day. The general line of thinking is that the longer we don’t get any negative news or more banking troubles, the better it will be for markets and risk trades. That said, the prospect of the Fed looms large
Gold prices edged down on Tuesday, with investors looking forward to the Federal Reserve policy meeting as expectations grew that the U.S. central bank could pause raising its interest rates given the upheaval among banks. FUNDAMENTALS * Spot gold was down 0.1% at $1,977.69 per ounce, as of 0044 GMT. U.S. gold futures also fell
Financial markets in today’s Asian session exhibit a risk-averse sentiment, despite attempts on the weekend to stabilize the situation from the recent banking crisis. While UBS’s acquisition of Credit Suisse may have provided slight support to Euro and Swiss Franc, stocks are trading in red, and commodity currencies are weaker. Yen, on the other hand,