NEW DELHI: Gold prices were trading flat on Wednesday, hovering near their lowest levels since April 2022 as investors prepared for the likelihood of another super-sized interest rate hike from the US Fed in its effort to tackle inflation. The dollar index hovered close to a two-decade high marked earlier this month, while the benchmark
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Euro is sold off broadly, together with Sterling, after Russia announced partial military mobilization. Reactions in European stock markets are muted, nevertheless. For now, Swiss Franc is the strongest one for today, followed by Dollar, Canadian and Yen. Aussie and Kiwi are mixed. Focuses will now turn to FOMC rate decision first, followed by BoJ,
It’s a tight labor market so maybe it’s not a big surprise that Wal-Mart doesn’t want to ramp up seasonal hiring this year but it also speaks volumes about how much business they expect to do at Christmas. Demand is clearly slowing and large US retailers have an inventory-overhang issue that they’re trying to clean
Gold prices in the national capital rose by Rs 152 to Rs 49,871 per 10 grams on Wednesday, amid a rise in international precious metal prices along with rupee depreciation, according to Securities. In the previous trade, the yellow metal had closed at Rs 49,719 per 10 grams. Silver also jumped by Rs 333 to
Dollar is staying as the strongest one for the week as markets await FOMC rate hike. Yet, the greenback is still held below last week’s high against most counter parts except Loonie and Kiwi. Swiss Franc is also resilient while markets are speculation a larger than expected hike by SNB later on Thursday. Commodity currencies
The indicator is barely changed. Westpac make the following points: The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, fell to -0.36% in August, down from +0.49% in July Growth rate drops to –0.36%, a
NEW DELHI: Gold prices were trading marginally higher but in a tight range on Tuesday as investors maintained a cautious stance ahead of this week’s policy meeting by the Federal Reserve. The US central bank is expected to hike rates aggressively in an effort to curb inflation. Inflation concerns have prompted other central banks across
Canadian Dollar falls broadly in early US session after weaker than expected inflation reading. Yet, it’s still undecided on which currency is worst. Dollar is current in the driving seat, as lifted by extended rally in treasury yield. 10-year yield is trading up above 3.5 handle for the first time in more than a decade.
> US August housing starts 1.575M vs. 1.445M estimate US housing starts and building permits for the month of August 2022 Prior month Housing starts 1.575M vs 1.445M estimate. Building permits 1.517MM vs. 1.610M estimate. Housing starts were revised lower to 1.404M in July from 1.446M previously reported /Inflation ADVERTISEMENT – CONTINUE READING BELOW Tags
Gold prices rose by Rs 24 to Rs 49,766 per 10 grams in the national capital on Tuesday, according to Securities. In the previous trade, the precious metal settled at Rs 49,742 per 10 grams. Silver, in contrast, declined by Rs 222 to Rs 57,192 per kg from Rs 57,414 per kg in the previous
The forex markets are overall mixed. Dollar retreated overnight following the rebound in stocks, but regained some ground in Asian session. Traders are holding their bets for now, ahead of the meetings of four major central banks later in the week, including Fed, BoE, SNB and BoJ. Canadian inflation data, nevertheless, could trigger some volatility
Apart from what has already been posted to the site there is no fresh news. ES, NQ and other indexes (futures) are higher on Globex trade. Currencies against the USD are jumping. EUR/USD is circa 1.0050. Short squeeze ahead of the Federal Open Market Committee (FOMC) still playing out. The FOMC statement is not until
Oil fell by more than 2% on Monday, pressured by expectations of weaker global demand and by U.S. dollar strength ahead of possible large increases to interest rates, though supply worries limited the decline. Central banks around the world are certain to increase borrowing costs to tame high inflation this week and there is some
The markets are relatively quiet today with Japan and the UK on holiday. Sentiment is on risk-off side, ahead of central bank rate hikes later in the week. The more notable moves are found in selloff in cryptocurrencies. Dollar is standing firm, together with Swiss Franc and Euro. Aussie and Kiwi are softer together with
Headlines: Markets: USD leads, NZD lags on the day European equities lower; S&P 500 futures -1.0% US 10-year yields up 5.5 bps to 3.502% Gold down 0.8% to $1,661.53 WTI crude down 2.3% to $82.82 Bitcoin down 5.4% to $18,680 It was a quiet session in Europe today as UK markets are closed in observance
Gold prices declined by Rs 303 to Rs 49,571 per 10 grams in the national capital on Monday amid weak global cues and rupee appreciation, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 49,874 per 10 grams. Silver also dipped by Rs 197 to Rs 57,090 per kilogram
Dollar is trading with a slightly firmer tone in quiet Asian session. But overall, most major pairs and crosses are stuck inside Friday’s range. Trading would likely remain subdued with Japan and UK on holiday, and the calendar is light. Nevertheless, the week ahead is ultra busy with four central bank meetings and some important
US President Biden is speaking in an interview on US TV, 60 minutes. We are going to get control of inflation I am more optimistic than I have been in a long time Ukraine is not losing the war, is making gains in certain areaws US forces would defend Taiwan in the event of a