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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Gold prices edged up for a second session on Tuesday, after recent economic data boosted bets that the Federal Reserve would cut interest rates later this year. FUNDAMENTALS * Spot gold rose 0.2% at $2,327.11 per ounce, as of 0034 GMT. U.S. gold futures firmed 0.2% to $2,336.20.* Traders are pricing in a 64% chance

The forex markets are displaying some calmness today. While Dollar is trading as the strongest performer, it lacks clear upside momentum indicating a reversal of the decline started last week. With no significant economic data expected from the US for the remainder of the week, Dollar’s next move hinges on shifts in risk sentiment and

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

As the U.S. dollar weakened after softer-than-expected U.S. jobs data, Gold and Silver prices on MCX opened on a flat note on Tuesday. Gold June futures contracts were down by Rs 19 or 0.03% to trade at Rs 71,350 per 10 grams while MCX July silver contracts fell by Rs 72 or 0.09% to Rs

In the aftermath of RBA’s decision to maintain interest rates unchanged and the absence of explicit hawkish signals, Australian Dollar weakens mildly. Despite notable upgrades in inflation forecasts, the central bank opted for a cautious approach, refraining from signaling imminent rate hikes and maintaining a stance of “not ruling anything in or out.” Recent stronger-than-expected

A leading Hamas source says: Qatari/Egyptian mediators says Hamas has agreed to their cease-fire proposal Hamas agreed to a modified Egyptian proposal …BUT, a Israeli army radio journalist said that: Hamas agreed to a modified cease-fire proposal which differs from the formula approved by Israel. The modified plan is unacceptable to Israel Meanwhile Hamas is

Gold prices eased in early Asian hours on Monday as the dollar ticked up, while traders awaited comments from a series of Federal Reserve officials for more cues on U.S. interest rate cut timeline. FUNDAMENTALS * Spot gold was down 0.3% at $2,294.97 per ounce, as of 0040 GMT. U.S. gold futures slipped 0.3% to

As the market transitions into US session, Australian Dollar maintains its position as the strongest currency of the day. While no significant economic data is expected from the US or Canada, the focus shifts to appearances by SNB Chair Thomas Jordan, as well as Fed officials Thomas Barkin and John Williams. However, traders are expected

USD/JPY is a notable mover amid a Japanese holiday today, with the pair seen up 0.6% to 153.90 currently. The yen is slumping as dip buyers step back in following a test of the 152.00 mark at the end of last week. Still, the big winner last week was Tokyo as USD/JPY suffered a drop

As hopes for rate cut get delayed and tensions in the Middle East seem to intensify, gold prices on MCX for June futures contracts rose by Rs 208 or 0.29% to trade at Rs 70,876 per 10 grams while MCX July silver contracts were up by Rs 742 or 0.92% to Rs 81,785 per kg.

Yen weakens broadly in Asian session, albeit in a subdued market environment due to Japan’s holiday. Despite this, the selloff in the Japanese currency remains relatively contained, with traders vigilant of market intervention by Japan. While 160 level against Dollar is currently considered a floor for Yen, uncertainty persists regarding Japan’s desired exchange rate, which

UPCOMING EVENTS: Monday: China Caixin Services PMI, Eurozone PPI, Fed SLOOS. Tuesday: RBA Policy Decision, Switzerland Unemployment Rate, Eurozone Retail Sales. Thursday: Japan Average Cash Earnings, BoJ Summary of Opinions, BoE Policy Decision, US Jobless Claims. Friday: New Zealand Manufacturing PMI, UK GDP, Canada Jobs report, US University of Michigan Consumer Sentiment survey, Tuesday The

Spot gold closed $2 down at $2301 in a highly volatile market Friday. US nonfarm payroll and ISM services data fell short of forecast; however, inflationary pressure continues to build up. The metal was down around 1.50% on the week. The US yields retreated on dismal US data. The ten-year US yields were down 1.95%

Most of the large cap stocks have now announced their earnings with Apple being the latest. Nevertheless, the biggest one of all (at least in this cycle) is ahead with Nvidia still on the calendar to announce, but not until May 22nd. Although most of the large influencers are now done, what are the some

Gold fell to a one-month low on Friday despite weaker-than-expected U.S. jobs data, extending a correction from last month’s stellar rally as investors booked profits while geopolitical risks eased. Spot gold fell 0.1% to $2,300.38 per ounce as of 1:45 p.m. ET (1745 GMT), and logged its second consecutive weekly fall. U.S. gold futures settled

Mon: UK Bank Holiday; EZ Final Composite & Services PMIs (Apr), Sentix (May) Producer Prices (Mar). Tue: RBA Announcement, EIA STEO; Swiss Unemployment (Apr), German Trade Balance (Mar), EZ Construction PMI (Apr). Wed: Norges Bank H1 Financial Stability Report, Riksbank Announcement, BCB Announcement; German Industrial Output (Mar), Italian Retail Sales (Mar). Thu: BoE Announcement &

Oil prices settled lower on Friday, and posted their steepest weekly loss in three months as investors weighed weak U.S. jobs data and possible timing of a Federal Reserve interest rate cut. Brent crude futures for July settled 71 cents lower, or 0.85%, to $82.96 a barrel. U.S. West Texas Intermediate crude for June fell