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Markets are clearly in some risk aversion actions after Fed laid out the balance sheet runoff plan. Nikkei is leading other Asian stocks lower, after US indexes tumbled overnight. Australian Dollar is dragged down by the sentiment, followed by Kiwi and Loonie. On the other hand, Euro is recovering mildly for today. But for the

Swiss Franc falls broadly today as other parts of the markets turned mixed. US treasury yield extends its sharp rally. But the impact on Dollar is some what offset by impressive rally in Germany and UK yields too. Euro recovers mildly but remains the worst performing one for the week, followed by Yen, and then

Overall, the markets are rather steady so far in the last trading day of the week. Major Asian indexes are treading water. That followed a late rebound in US markets overnight. Euro weakens mildly and remains the worst performer for the week, followed by Yen and Swiss Franc. Dollar is still the strongest one, support

Dollar remains generally firm entering into US session, even though upside momentum is diminishing slightly against European majors.Meanwhile weakness in commodity currencies persists, with Aussie being the worst one. Yen is mixed for now but should remain vulnerable on exceptional strength in global benchmark treasury yields. Technically, focuses firstly stays on commodity-dollar pairs. In particular,

Dollar was initially mixed last week but buyers jumped in after FOMC minutes revealed the quantitative tightening plan. US benchmark treasury yields also surged to highest level since 2019. Both Canadian and Australian Dollars followed as second and third strongest. Aussie was boosted by RBA’s hints on earlier rate hike while Loonie was supported by

Canadian Dollar rises slightly after solid job data, but Dollar is also firm. The greenback is on track to end as the strongest one for the week, with help from extended rally in treasury yields. On the other hand, Sterling is under some selling pressures but Euro is still the worst performing one. Aussie is

That’s quite the boost and makes Twitter one of the big movers before the open later today. For some context, the stake makes Elon the single largest shareholder in Twitter. Here’s a list of the other names (h/t @ itsTarH): Just last week, Musk asked about creating a new social media platform because Twitter was

NEW DELHI: Gold prices were trading flat on Monday following an improved US job market that has raised expectations of a faster rate hike from the US Federal Reserve. The US benchmark yields and dollar were firm, offsetting support from safe-haven demand fuelled by a worsening Ukraine crisis. Gold futures on MCX were trading down

Overall, the financial markets are very quiet in Asian session today. Commodity currencies are trading mildly firmer in very while Swiss Franc and Yen are softer. But major pairs and crosses are stuck inside Friday’s range. Gold dips mildly after prior rejection by 1950 and it could be heading back to 1900 handle. WTI crude

Maxar Tech has provided satellite imagery from the ransacked town of Bucha showing a 45 foot long mass grave trench (info via Reuters) Reports of: accusations of Russian war crimes in Ukraine mounted discovery of mass graves and corpses in streets near Kyiv President Volodymyr Zelensky directly blamed leaders in Moscow for the “torture” and

Barclays Research discusses NZD outlook and adopts a neutral bias in the near-term. “The NZD will likely track broader risk sentiment but could outperform the AUD, especially on any derisking on data, developments or ahead of the RBA (5 Apr). Amid improving global risk sentiment and a continued rise in commodity prices, NZDUSD is extending

Bank of America Global Research discusses USD/CAD technical outlook and adopts a sell-on-rallies bias through Q2. “We previously discussed a bias to fade USDCAD rallies in the 1.29s as wave 5 of the pattern was estimated to complete there. On March 8 spot traded to 1.2901 and turned lower. We weren’t quick enough to get

March 29: Gold prices were flat on Tuesday, as the dollar held firm at a three-week high hit in the previous session and yields climbed higher offsetting hopes for peace talks between Russia and Ukraine to be held this week. Spot gold was little changed at $1,925.71 per ounce by 0126 GMT. U.S. gold futures

China is imposing Covid related lockdowns in Chuzhou. Chuzjou is part of the Anhui province (northwest of Shanhai). The lockdown will begin on April 2. The population in Chuzhou is around 4 million people. This compares to 26M for Shanghai which now is under lockdown from both the east and western part of the city.

Finance minister Nirmala Sitharaman on Tuesday said that the “full blown” war in Ukraine had impacted all countries like the Covid19 pandemic due to disruption in supply chains and that the unprecedented rise in global oil prices was a challenge. Sitharaman defended the 137-day hiatus in fuel price revision, saying the disruption in supply chains

There were a couple of developments of last week to note. Firstly, US yield curve inverted for the first time since 2019. There is no reason to panic for the moment, but deeper inversion could set the tone in the risk markets ahead. Secondly, Euro ended as the strongest one, attempting to extend its near

Companies with gas supply contracts in euros or dollars should not acceded to Russian demands EU will respond in a united manner by this attempt by Russia to circumvent our sanctions Gas supply contracts must be respected Putin was speaking earlier this week and saying that because of sanctions they weren’t getting paid for gas

NEW DELHI: Gold prices eased down on Friday, extending weekly losses, thanks to the strength in the US dollar and rising bond yields. Although a lack of progress in Russia and Ukraine peace talks capped losses. Investors further awaited the March US job data for policy tightening cues. Gold futures on MCX were trading down