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The monthly inflation number (it has caveats, but I don’t want to be a stick in the mud) is perhaps showing CPI has peaked, it dropped in January: And the GDP data is here, a miss, but let’s highlight this instead (back to being a stick in the mud I am): AUD is lower as

Gold price fell by Rs 110 to Rs 55,550 per 10 gram in the national capital on Tuesday amid a fall in global rates of the precious metal, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 55,660 per 10 gram. Silver also slumped by Rs 550 to Rs

Sterling’s broad-based rally continues today and shows sign of upside acceleration. The Pound is additionally added by selloff in Swiss Franc, which is also seen against Euro. Dollar is currently the third strongest for the day as supported by resilience in benchmark treasury yields. Meanwhile, Yen and Swiss Franc are the worst performers, while commodity

Headlines: Markets: GBP leads, JPY lags on the day European equities higher; S&P 500 futures up 0.4% US 10-year yields up 2.7 bps to 3.943% Gold down 0.5% to $1,808.58 WTI crude up 1.5% to $76.81 Bitcoin up 0.3% to $23,456 It was a mixed session overall as European traders were treated stronger inflation data

Gold prices eased on Tuesday and were headed for their biggest monthly loss since June 2021 as impending interest rate hikes by the U.S. Federal Reserve sapped the non-yielding asset’s appeal. Spot gold was down 0.1% at $1,816.19 per ounce as of 0317 GMT, after hitting a two-month low on Monday. U.S. gold futures fell

Markets are generally quite in Asian session today, in consolidation mode. Australian and New Zealand Dollar remain the worst performed. While Dollar is recovering slightly, it’s trading below last week’s high, except versus Aussie and Kiwi. Sterling is supported by hope of a Northern Ireland deal with EU but lacks follow through buying. Yen is

Q4 net exports 1.1% of GDP vs. expected +1.3% and prior of -0.2% Most of the focus was on retail sales, a beat but do note the caveats in that linked post. Also out were credit data and this, the BoP data. From here we get the ‘net exports’ number. This’ll add in to the

Gold prices ticked up on Monday on a pullback in the dollar, although worries around further interest rate hikes from the U.S. Federal Reserve kept bullion near a two-month low. Spot gold rose 0.5% to $1,818.89 an ounce by 10:08 a.m. ET (1508 GMT). U.S. gold futures were also up 0.5% at $1,825.70. The dollar

US futures climbed following the release of mixed durable goods orders data, leading to a decline in Dollar, which reverses some of last week’s gains. However, the positive sentiment is not bolstering the commodity currencies, with New Zealand and Australian Dollars performing the worst for the day. Meanwhile, Sterling is showing strength, followed by Yen

Headlines: Markets: GBP leads, NZD lags on the day European equities higher; S&P 500 futures up 0.5% US 10-year yields up 0.8 bps to 3.957% Gold flat at $1,811.13 WTI crude down 0.3% to $76.09 Bitcoin up 1.3% to $23,407 It was a quiet session for the most part as markets are settling into the

Gold prices edged up on Monday as the dollar eased, but hovered near their lowest levels since late December after U.S. economic data last week raised worries that the Federal Reserve could hike interest rates further. FUNDAMENTALS * Spot gold was up 0.1% at $1,813.30 per ounce, as of 0056 GMT. U.S. gold futures firmed

Commodity currencies are experiencing selling pressure in Asian trading due to mild risk off sentiment. New Zealand Dollar is under added pressure following poor retail sales data. US Dollar and Japanese Yen are currently among the stronger currencies, with the latter showing little reaction to the dovish remarks made by the incoming BoJ Governor. Meanwhile,

Via Reuters, citing a refiner (CEO of PKN Orlen), news that Russia has halted supplies of oil to Poland via the Druzhba pipeline. This pipeline has been exempted from European Union sanctions imposed on Russia following its invasion of Ukraine. The reported shutting off of supply via the line came one day after Poland delivered

Wheat sowing commenced before last year and fared well in the initial days. However, by the end sowing remained marginally higher by 0.41% from the previous year, wheat sowing was done on 34.32 Mn Ha as compared to 34.18 Mn Ha a year ago. Farmers preferred to increase wheat acreages as the wheat prices remained

The calendar turns to March on Wednesday and the rule of thumb is that non-farm payrolls comes on the first Friday of the month. So why is the jobs report scheduled for March 10 instead of March 3? The short answer is that the rule of thumb is wrong. The slightly-longer answer is that it’s

The year 2022 was a tough period for silver. Uncertainty surrounding China’s industrial demand, a firmer US dollar, and rising global interest rates made it the worst-performing asset in the precious metal complex last year. In the benchmark London spot market, silver started trading at $23.29 an ounce but plunged to a two-year low of

WTI crude oil weekly When you zoom out and look at the weekly oil chart, all the volatility seems to spill away. There have been plenty of whippy moves in the past few months but it’s all taken place in a range of $70-85. This week, oil bounced around again but closed almost perfectly flat

Gold has continuously been under downside pressure for the last few weeks as the financial markets have started repricing US interest rate risk amid rising inflationary pressure and some key economic indicators turning out to be much better than expected. The US personal consumption expenditures gauge rose more than forecast amid robust personal spending, which