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UPCOMING EVENTS: Monday: US and Canada Holiday, Fed’s Waller. (US stock market open/bond market closed) Tuesday: UK Labour Market report, German ZEW, Canada CPI, New Zealand Q3 CPI. Wednesday: UK CPI. Thursday: Australia Labour Market report, ECB Policy Decision, US Retail Sales, US Jobless Claims, US Industrial Production and Capacity Utilization, US NAHB Housing Market

In the week from October 7 to 12, gold prices remained volatile in the international as well as domestic markets. Gold prices in the international markets have moved in the range $2,600-2,660/0z, while on the MCX prices moved in the range of Rs 74,800-76,500/10 gms i.e a range of around Rs 1,700/10 gms. Prices corrected

Markets: Gold up $26 to $2655 US 10-year yields down 1 bps to 4.08% WTI crude down 30 cents to $75.56 NZD leads, JPY lags S&P 500 up 0.7%, touches fresh record Friday turned into a classic risk-on day but it’s not entirely clear why. Stock futures were negative and the US dollar was steady

Gold prices were flat in early Asian hours on Tuesday as market participants awaited minutes of the U.S. Federal Reserve‘s last meeting and more economic data for further clarity on policy easing this year. FUNDAMENTALS * Spot gold was little changed at $2,643.68 per ounce, as of 0013 GMT. U.S. gold futures fell 0.1% to

Global financial markets last week were influenced by a combination of clarity and uncertainty. In the US, economic data reinforced expectations of a gradual and measured policy easing path by Fed. Investors embraced the prospect that Fed would not repeat the aggressive 50 bps rate cut implemented in September. This optimism regarding a soft landing

The State Council Information Office of China held a highly-anticipated press conference on Saturday, led by Finance Minister Lan Fo’an. The market was hoping for further announcements on fiscal stimulus after an invitation said to media said officials would outline the country’s plans for intensifying countercyclical adjustments to its fiscal policy. Instead, the press conference

Gold prices held steady on Wednesday as traders awaited cues on U.S. interest rate policy from the minutes of the Federal Reserve‘s latest meeting. FUNDAMENTALS * Spot gold held its ground at $2,622.24 per ounce by 0020 GMT, after falling more than 1% in the previous session. U.S. gold futures edged 0.2% higher to $2,641.00.

Risk sentiment appears to have stabilized heading into the weekend, despite stronger-than-expected US inflation data released overnight. The report didn’t cause any significant shifts in market expectations regarding Fed’s rate cuts. Stock markets also showed resilience, with major US indexes closing only slightly lower. Dollar, however, has lost some momentum, turning softer against both Swiss

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Oil prices steadied in Asian trading on Wednesday, as traders weighed uncertainty surrounding developments in the Middle East conflict against continued bearish fundamentals. Brent crude futures rose 11 cents, or 0.14%, to $77.29 a barrel by 0223 GMT. U.S. West Texas Intermediate futures rose 3 cents to $73.60 a barrel. Prices had plunged more than

Trading in the early US session is relatively subdued, with little momentum driving market moves. Canadian Dollar, despite an initial attempt to rally on the back of stronger-than-expected job data, has not been able to attract sustained buying interest. The market continues to price in further easing from BoC, as expectations mount that the central

The S&P 500 is up 28 points, or 0.5%, to 5808 in a rise to a fresh record high. The jump at the open bucks futures that were negative shortly before the open. A big tailwind is in financials as J.P. Morgan shares rise 4.5% following earnings. JPM daily Commentary in the conference call was

Gold prices were little changed on Thursday, while traders await a key U.S. inflation print due later in the day to gain further clarity of the Federal Reserve‘s monetary policy stance. FUNDAMENTALS * Spot gold was nearly flat at $2,609.72 per ounce, as of 0040 GMT, after easing for the previous six sessions. Prices scaled

Risk-on sentiment is back in the global markets, with DOW and S&P 500 surging to new record highs in the latest session. Notably, this rally isn’t limited to just the big tech giants. ETFs tracking both industrials and financials sectors also closed at record highs, signaling that the strength is broad-based, extending across multiple sectors

Info via Reuters – IKEA calls for more China stimulus as sales slip IKEA urges China to deploy further economic stimulus China accounted for 3.5% of Ingka Group’s global sales, down from 3.6% IKEA opened new Shanghai store in September, now has 39 stores in China Price cuts helped boost sales China unveiled aggressive monetary

Oil eased on Friday after a rally the previous day, but prices remained set for a second straight weekly gain as investors weighed the impact of hurricane damage on U.S. demand against any broad supply disruption if Israel attacks Iranian oil sites. Brent crude oil futures fell 39 cents, or 0.5%, to $79.01 a barrel

Dollar is struggling to find a clear direction after a set of contrasting economic data sent mixed signals to the markets. On one side, inflationary pressures remain elevated, especially with core inflation ticking up, signals that Fed won’t be able to accelerate its policy easing. On the other hand, the unexpectedly sharp rise in initial

It’s feast or famine for the Canadian dollar. It’s on a seven-day losing streak at the moment, running to 1.3750 from 1.3480 in that time. Incredibly, the seven-day losing streak is only the worst since July, when it sold for nine straight days, though the magnitude of this move is larger. If you look over