Trading is rather subdued in pre-holiday markets today. Yen was softer in Asian session but remains the strongest one for the week, maintaining most of post-BoJ gains. There was little reaction to CPI data from Japan. Canadian Dollar is the second strongest followed by Swiss France. On the other hand, New Zealand Dollar is the
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The bond market is certainly not buying what the Fed is selling at the moment. That says something but if there is any key takeaway, it is that it does not bode well for the dollar outlook if broader markets are taking charge instead of the Fed heading into next year. So, what’s next for
Silver witnessed a roller-coaster ride in 2022, thanks to increased volatility in the bullion market and industrial metals but managed to deliver around 15% returns to investors. The metal faced bouts of profit taking but geopolitical tensions kept its demand intact. Silver, other than being a precious metal, has more usage in the industrial sectors
Dollar is trying to strike back as traders are likely starting to light up their positions ahead of holidays. But for now, Yen and Euro are so far the more resilient ones. Sterling is sold off broadly earlier today but it’s not worse the Kiwi. Aussie is also quickly paring back earlier gains. Technically, GBP/CHF
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Gold price rose Rs 59 to Rs 55,241 per 10 grams in the national capital on Thursday amid gains in precious metal in overseas markets, according to Securities. In the previous trade, the yellow metal had touched Rs 55,182 per 10 grams. Silver, however, slipped Rs 194 to Rs 69,413 per kilogram. “Spot gold prices
Australian Dollar rebounds broadly today, as risk-on sentiment continues in Asian session. For now, Yen is still supported solidly by BoJ’s action earlier in the week, even though 10-year JGB yield dips back towards 0.4% level. However, Dollar and Swiss Franc are turning softer together with Loonie. Meanwhile, Euro and Sterling are mixed, awaiting the
The rises on US equity markets on Wednesday carried on here in the timezone today. Regional equities, as I post: Re the Chinese equity markets, note the post above on further support promised to the property sector, which helped HK along in particular (home to the listings of many property developers). The improved sentiment carried
New Delhi: Gold prices were flat on Wednesday, nearing one-week high after a sharp run-up in the previous session led by the weakness in the US dollar after Bank of Japan’s (BOJ) surprise policy tweak. The dollar index was flat after falling on Tuesday as the yen jumped to a four-month high after the BOJ’s
The markets appear to be back in risk-on mode as seen in major European indexes and US futures. Aussie is recovering notably, followed by Swiss Franc. But New Zealand Dollar is the weakest for the day, followed by Sterling and then Yen. Dollar and Euro are mixed. As for the week, Kiwi is the worst
National Bank today makes a good argument for a weaker US dollar. They highlight that the inversion of 2-year notes to Fed funds has historically (recent history anyway) led to an initial decline in the US dollar, at least until the recession hits the real economy and spreads globally and it reverses. In its last
The yellow metal kicked off 2022 with all glam and glitter — for once the geopolitical crisis between Russia and Ukraine can be credited for this. It actually pushed the demand for the yellow metal higher. After a corrective phase, following successive rate hikes by central banks, the year-end once again saw the prices of
The markets become rather directionless again in Asian session. Yen is paring some gains as the boost from BoJ faded. Swiss Franc, Aussie and Kiwi are on the weaker side too. On the other hand, Canadian and US Dollar are the stronger ones for the day. Both are awaiting economic data release, including Canadian CPI
Perhaps. The narrow ranges across major currencies so far today hint at a more unenthusiastic attitude among traders at least. EUR/USD is stuck within a 20 pips range and GBP/USD within a 30 pips range as we look towards European trading. The yen though will continue to pique the market’s interest after the BOJ surprise
New Delhi: Gold prices ticked higher on Tuesday, ignoring the firmer dollar and lingering worries about further rate hikes from the US Federal Reserve. Last week, Fed Chair Jerome Powell said that the US Central Bank will deliver more interest rate hikes next year to curb inflation. Other major central banks have also highlighted a
Yen remains the biggest winner of the day, and maintains most gains in early US session. It remains to be seen how long the impact of BoJ’s tweak of the yield curve control would last. But any, Yen is enjoying the ride for now. Australian and New Zealand Dollar are the weaker ones so far,
Stoxx 600 -0.4% German DAX -0.5% France’s CAC, -0.4% UK’s FTSE 100 +0.1% Spain’s Ibex +0.7% Italy’s FTSE MIB +0.0% I’m not sure what’s behind the outperformance in Spain but the decline in the DAX puts German stocks into negative territory on the week to follow off last week’s rout. DAX daily ADVERTISEMENT – CONTINUE
Gold price rose Rs 38 to Rs 54,740 per 10 grams in the national capital on Tuesday, according to Securities. In the previous trade, the precious metal had settled at Rs 54,702 per 10 grams. Silver, however, declined Rs 328 to Rs 67,984 per kilogram. “Gold price traded steady after inching lower in the earlier