Gold prices rose by Rs 251 to Rs 51,056 per 10 grams in the national capital on Thursday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 50,805 per 10 grams. Silver also rallied by Rs 862 to Rs 54,934 per kg from Rs 54,072 per kg in the
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Euro dips broadly after ECB delivered a 75bps rate hike without additional hawkish surprise. But Aussie and Kiwi are the worst performers for today so far. Swiss Franc is rallying, thanks to buying against Euro, while Dollar is trading slightly firmer. Yen and Sterling are both consolidating this week’s losses. Technically, EUR/CHF’s break of 0.9696
I think that pretty much says it all. The warnings today are a step up on verbal intervention but they are still merely what it is, just verbal intervention. The threat of any real intervention in the market is still a bit of a reach and unless the yen quickly tumbles to 150.00 on the
New Delhi: Gold prices remained subdued on Thursday as the dollar hovered near its recent peak on aggressive US Fed rate hike bets. Fed officials said on Wednesday that they are still not convinced that the worst of the U.S. inflation scare has passed, in comments that teed up a continuation of the central bank’s
The markets are relatively steady in Asian session today, as focus turns to ECB rate hike. Dollar has been paring some gains overnight as risk aversion receded mildly. Both Euro and Swiss Franc are generally firming up. On the other hand, There is little sign of life for Yen, as it’s staying pressured across the
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Oil tumbled to the lowest since January as a dollar surge and global demand concerns weigh on prices despite the threat of disruption to Russian supplies. US benchmark West Texas Intermediate sank below $85 while the global Brent benchmark fell below $90. A dollar gauge reached an all-time high on Wednesday, offering a macro headwind
Canadian Dollar is steady in early US session after BoC delivered 75bps rate hike and maintained hawkish bias. Dollar remains the strongest one for the week, but continues to pick up momentum against Euro. Yen is still the runaway loser, while selloff in Sterling is intensifying. Aussie and Kiwi are clearly weighed down by risk-off
The cleanest shirt among the dirty laundry. That continues to best describe the dollar as it is ripping across the board once again in trading this week, and today is no different. The greenback is sitting firmer across the board and is pushing certain boundaries as noted earlier: With risk sentiment staying more sluggish and
Gold prices have been in a consolidation phase since May at the domestic markets and are seen finding support at Rs 49,500/10 gm mark, while the upside is restricted around Rs 52,700/10 gm mark. The aggressive monetary tightening campaign of the US Fed and strength in the dollar index have dented the investment appeal of
Dollar is trading broadly higher in Asian session today, as supported by extended rally in US treasury yield. For the same reason, Yen tumbles broadly this week, and the decline is extending. The net result is that USD/JPY reached a new 24-year high and still looks unstoppable. Canadian Dollar is trading with a mixed tone
This via the folks at eFX. For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here. Citi discusses GBP outlook and turns more bearish in the near-term. “CitiFX Strategy team stepped up their
Gold rose by Rs 107 to Rs 51,092 per 10 gram in the national capital on Tuesday amid depreciation in the rupee, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs 50,985 per 10 gram. Silver also jumped by Rs 563 to Rs 54,639 per kg. The rupee depreciated
Yen’s selloff is the main theme today with USD/JPY hitting the highest level in 24 years, above 140 handle. Australian Dollar quickly turns softer after RBA delivered an expected rate hike. On the other hand, Sterling is getting a lift after Liz Truss is set to become the next UK Prime Minister while Euro remains
Prior 43.7 German construction activity continues to slump further, with the contraction at its quickest pace in a year-and-a-half. A sustained drop in new orders was observed as high prices, increased interest rates and economic uncertainty all weighed on demand for construction work. S&P Global notes that: “Latest PMI data showed output levels across Germany’s
Gold and silver prices advanced on Tuesday amid choppiness in the US dollar and bond yields post mixed US jobs report and ahead of central bank decisions from Australia and European Central Bank. Gold futures for October delivery were trading Rs 172 or 0.34 per cent higher at Rs 50,605 per 10 gram on .
Australian Dollar is trading mixed, slightly to the soft side, after RBA’s expected 50bps rate hike. There is basically no surprise out of the statement. Dollar is paring back some of recent gains while Yen is also soft. On the other hand, Sterling is leading Euro for a rebound while Canadian Dollar is also a
The European Commission’s energy agency recommends an “emergency wholesale price cap” on natural gas supplies. The two options they cited are: A cap on prices for gas from Russia A system that would differ from country to country The discussion document is partly irrelevant now with Russia closing Nord Stream 1 but gas still flows