Volatility has become the hallmark in the global markets and this might persist until the war between Russia and Ukraine subsides. Last week, crude oil lost nearly 5 per cent on demand concerns and extended additional 5 per cent losses on Monday. WTI crude oil made low of almost $96.35 and on price fell to
News
Dollar ended up as the strongest one last week, having the best week since 2015 and with Dollar index hitting a two-decade high. Though, the rally somewhat slowed towards the end of the week. It could be a result of month end flow or traders’ cautiousness ahead of Fed. But in any case, there is
As the clock ticks toward the Fed decision next Wednesday, the stocks are not taking it well. Of course, Amazon’s poor earnings after the close last night was a key catalyst today. Amazon shares are closing down over 14% on the day, and is also closing below its 200 week MA for the first time
New Delhi: Gold in the national capital on Friday jumped Rs 605 to Rs 51,627 per 10 grams in line with rally in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 51,022 per 10 grams. Silver also zoomed by Rs 1,596 to Rs 65,207 per
Lots of important economic data are released today but they’re largely ignored. Inflation data from the US and Eurozone are strong. Canada’s monthly GDP growth was well above expectation while Eurozone GDP growth turned weaker in Q1. But reactions to them are mild. While the greenback is paring some recent gains, it remains the strongest
There are a trio of economic releases due at the bottom of the hour. The headliner is the US PCE report for March. The core measure of Fed’s preferred inflation indicator is expected to show prices up 5.3%, a slight slowdown from 5.4% in February. A surprise to the upside or big jump in the
NEW DELHI: Gold prices rose on Friday as economic data from the US increased the appeal of the yellow metal. However, gains were capped by a firm dollar. The American economy unexpectedly shrank in the first quarter of 2022, data from the Bureau of Economic Analysis showed Thursday. Meanwhile, US dollar traded at two-decade highs.
Dollar is paring some gains today but remains the strongest one for the week. Canadian Dollar is currently the second best. Euro is trying to recover but remains the second worst, just next to Sterling. Yen is trying to recover against Dollar too, but stays weak against European majors. Aussie and Kiwi are mixed for
South Korean Vice Finance Minister: will closely monitor the forex market will take steps to stabilise the FX market if needed will take steps if FX market is moved by severe one-way bets KRW update. USD rampant all over the place, against KRW is no exception: ADVERTISEMENT – CONTINUE READING BELOW
New Delhi: Gold in the national capital on Thursday fell by Rs 442 to Rs 51,010 per 10 grams in line with decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 51,452 per 10 grams. Silver also declined by Rs 950 to Rs 64,167
Dollar’s broad based rally continues into US session. The unexpected contraction of Q1 US GDP might give the greenback a little jitter. But it’s unlikely to alter the up trend for now. As for today, Canadian Dollar is the second strongest Yen is the worst performing one on post-BoJ selloff. But Kiwi and Sterling also
There’s no stopping the drop in the yen at the moment as the BOJ didn’t do the currency any favours in its policy meeting decision today. USD/JPY has briefly clipped the 131.00 handle now, and is up 2% on the day. What a move. I outlined earlier here why the BOJ decision to keep up
NEW DELHI: Gold prices weakened further on Thursday to a two-month low, thanks to the rising dollar which hurt the bullion’s demand. An impending US interest rate hike also dampened the metal’s appeal as an inflation hedge. The dollar index had reached a five-year top of 103.28, and a further push above 103.82 would see
Yen falls broadly in Asian session today after BoJ stands pat and even maintains a dovish bias. 10-year JGB yield also tumbles after BoJ reiterates the pledged to defend the cap. Dollar, on the other hand, rises broadly, and it’s trading as the strongest one for the week so far. Euro and Sterling are the
A senior US administration official: data expected to show smaller growth in Q1 than Q4, slower inventory growth likely an issue after big jump in Q4 US GDP data also expected to show very strong household balance sheets, household consumption, business investment US GDP data will show that ‘economic conditions are still very, very strong’
New Delhi: Gold prices declined by Rs 258 to Rs 51,233 per 10 grams in the local market here on Wednesday in line with lower international metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 51,491 per 10 grams. Silver also declined by Rs 327 to Rs
Selloff in Euro accelerates again today, as Germany benchmark 10-year yield tumbles back below 0.8 handle. Swiss Franc and Sterling are also the weaker ones. Australian Dollar is supported by stronger than expected CPI reading, but looks rather vulnerable into US session. Indeed the greenback is probably ready to power up again, including against commodity
Prior -5.0% Market index 343.1 vs 374.0 prior Purchase index 234.7 vs 254.0 prior Refinancing index 930.7 vs 1,023.2 prior 30-year mortgage rate 5.37% vs 5.20% prior The average rate of the most popular US home loan jumps to its highest since June 2009 and the rising costs have certainly weighed on demand conditions, as