German DAX futures -0.4% UK FTSE futures -0.1% The market mood is more pensive after stocks declined yesterday, pulling back the gains from Monday. There is a sense of apprehension ahead of the US CPI data today but what comes next will depend on what the figures will offer later in the day. Elsewhere, S&P
News
NEW DELHI: Gold prices struggled on Wednesday thanks to a stronger dollar which dented bullion’s appeal ahead of much-awaited inflation data scheduled later in the day. The Fed hiked rates by 75 basis points each in June and July to rein in soaring inflation. Although gold is seen as a hedge against inflation, higher US
The forex markets are somewhat in hibernation mode this week. Dollar is currently the weakest one, followed Yen. Commodity currencies are generally firm. But Swiss Franc is the strongest, thanks to buying against the weakening Euro and Sterling. But overall, with the exception of a few Yen pairs, major pairs and crosses are staying inside
Oil prices dipped in early trade on Tuesday on the latest progress in last-ditch talks to revive the 2015 Iran nuclear accord, which would clear the way to boost its crude exports in a tight market. Brent crude futures fell 27 cents, or 0.3%, to $96.38 a barrel at 0027 GMT, paring a 1.8% gain
Three headlines hit today: GM says it’s open to funding EV battery minerals mining ventures Ford raised the price of the electric F-150 Lightning truck by up to $8,500 due to ‘significant cost increases’ Tesla signed a $5 billion deal for nickel from processing companies in Indonesia There’s clearly a supply shortage here and auto
Euro rises slightly as market sentiments are flip-flopping today. Sterling and Swiss Franc are also trading higher. On the other hand, commodity currencies turn soft with Aussie paring most of recent gains. Dollar and Yen are mixed for now. IN other markets, Silver is trading firmer but Gold is still range bound. WTI crude oil
After the hustle and bustle from the US jobs report at the end of last week, markets are settling down into a slower pace this week with little appetite to really chase any firmer convictions. All eyes are on the US CPI data tomorrow and there is little interest to push for any moves until
Gold prices were flat on Tuesday as dollar and Treasury yields fell, while investors looked forward to U.S. inflation data later this week that could offer more clarity on the Federal Reserve’s rate hike path. FUNDAMENTALS * Spot gold were flat at $1,786.86 per ounce, as of 0112 GMT, after rising 0.8% in the previous
The forex markets are very quiet in Asian session today, and could remain so for the day with an ultra light economic calendar. Australian Dollar and Swiss Franc are currently the stronger ones for the week, followed by Canadian and Kiwi. On the other hand, Dollar and Yen are both on the softer side, together
Credit Agricole CIB Research highlights the latest updates on positioning in G10 FX. “The USD remains the biggest long in the G10 FX at present after fresh buying last week, predominantly driven by Crédit Agricole CIB flows. Our FX flow data points at corporates and real money investors inflows, as well as banks and hedge
Gold in the national capital on Monday rose by Rs 97 to Rs 52,490 per 10 gram amid rise in international precious metal prices along with depreciation in rupee, according to Securities. The yellow metal had closed at Rs 52,393 per 10 gram in the previous trade. Silver also jumped by Rs 527 to Rs
The financial markets are trading with a risk-on mood today. Major European indexes are trading up while US futures also point to higher open. Commodity currencies are trading generally higher, as led by Aussie. Meanwhile, Dollar is leading Yen and Euro lower. Sterling and Swiss Franc are mixed for now, trading a bit on the
Is the Fed pivot dead? Well, not exactly. But the early whispers are certainly not ringing anymore after the hot US jobs report on Friday. That is leaving markets to believe that we are at least likely to see a 50 bps rate hike in September, with 75 bps still on the table. It’s now
NEW DELHI: Gold prices edged lower on Monday after a solid US jobs report last week boosted the prospect of aggressive interest rate hikes by the Federal Reserve, lifting the dollar and treasury yields. A solid US payrolls report pushed back against talk of recession and lifted the dollar index to its highest since July
Yen stays generally soft in relatively quiet markets in Asia. But Dollar also softens slightly. On the other hand, Australian Dollar is firmer up on steady market sentiment, as followed by Swiss Franc and Euro. Sterling and Canadian are mixed for now. The economic calendar is light this week. The most market moving even would
Sanya, in Hainan province, was in the headlines last week with partial shut-ins: A full city-wide lockdown is now in place, ‘static management’ the new buzzwords from the bureaucrats in charge: cases there spiked to more than 200 on Friday movement will be restricted except for those who provide essential public services, and emergency work
There was an abrupt rise in commodity prices when Russia invaded Ukraine in the last week of February. Supply constraints and worries about inflation have helped commodity prices surge to record or multi-year highs. Although a correction was witnessed in several other commodities, natural gas prices remain unchanged. Restricted supplies from the world’s largest gas
China trade data for July 2022 was released on Sunday: This snapshot is from the ForexLive economic data calendar, access it here. China’s economy continued to recover from lockdowns earlier in the year through July, the best growth in exports will be welcome. Less welcome of course is the miss on imports, this will be