Even as silver future prices crashed by Rs 900 on Friday, brokerage firm Motilal Oswal said it believes this is just a blip and the white metal could spike as much as Rs 80,000 in the next 12-15 months. This means a potential upside of 28 per cent from current levels and if comes true
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The Thursday session in the US timezone was dominated by the CPI data and the wild ride for markets in its wake. Follow on moves during APAC trade were very limited but in general we have had just a few more points added to USD strength. EUR, AUD, NZD are all down very small. The
While US stocks staged a strong rally overnight, Asian markets turned mixed. Investors are holding their bets ahead of US CPI data. Australian Dollar remains the strongest one for the week, followed by Kiwi. Loonie also regained some ground with help from the stabilization in oil prices. On the other hand, Yen is currently the
BEIJING: Oil prices eased early on Friday as hot U.S. inflation fanned worries about aggressive interest rate hikes and as investors await the outcome of U.S.-Iran talks that could lead to increased global crude supply. Brent crude futures fell 40 cents, or 0.4%, to $91.01 a barrel at 0140 GMT, while U.S. West Texas Intermediate
The 2% barrier is broken. US 10-year yields are up 7 basis to 2%. It’s the first time above that level in two-and-a-half years as the bond market gets washed out after the high US CPI report for January. The initial push on CPI was held off but the bond bulls have finally thrown in
Dollar rebounds broadly in early US session after stronger than expected CPI data. Treasury yields also surged with 10-year yield marching higher. 2% level for 10-year yield is getting closer. Stocks on the other hand, take some beating on concerns of a more aggressive Fed. For now, selloff is concentrating on Yen and Swiss Franc.
NEW DELHI: Gold prices were trading flat, held in a tight range on Thursday. Investors awaited U.S. inflation data that could offer fresh clues about the pace of the Federal Reserve’s monetary policy tightening. Russia has increased military capabilities along its border with Ukraine and in Belarus, according to the Pentagon. Ukraine believes there is
ANZ (this in brief), firs what they see as downside factors: The backdrop for gold is deteriorating as central banks become more hawkish. On the flip side: elevated inflation and geopolitical risk are partially offsetting the impact of tightening monetary policies Retail investments and physical offtake have been resilient Projection for the weeks ahead: We
Australian Dollar rises further again with help from risk-on sentiments in the US and Asia. On the other hand, Dollar turns soft despite rising treasury yields. Canadian Dollar is dragged down slightly by oil prices. Other parts of the forex markets are mixed. Euro is still in consolidation against, and cautious comments from ECB officials
(This story originally appeared in on Feb 10, 2022) CHENNAI: Gold exchange-traded funds (ETFs) saw the highest-ever repurchase or redemption of Rs 671 crore in January 2022, leading to an outflow of Rs 451 crore. This was primarily driven by rising 10-year Indian government bond yields and expectations of a more hawkish US Fed stance.
The quick fall in omicron cases is leading to the removal of covid measures in much of North America but the opposite is taking place in greater China. Hong Kong today announced 1161 new confirmed covid cases, nearly double yesterday’s number (which was also a record). The government is struggling with how to deal with
Dollar trades broadly lower again today, as pressured by generally positive risk-sentiment. Yen is following as the next weakest. Canadian Dollar is also soft as WTI crude oil is struggling below 90 handle. On the other hand, Australian Dollar and New Zealand Dollar are trading broadly higher. Sterling and Swiss Franc are mixed for now.
New Delhi: Gold prices spurted by Rs 247 to Rs 48,403 per 10 grams in the local market here on Wednesday amid gains in the metal in international markets, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 48,156 per 10 grams. Silver also rallied by Rs 825 to
Info via Japanese media, reports adding that: headwinds including the ongoing chip shortage and supply chain disruptions annual vehicle output for the fiscal year ending March will fall below its most recent target of 9 million as the chip crunch wreaks havoc along Southeast Asia’s supply chains. The production restraints have contributed to a tightening
Dollar strengthens mildly in Asia today but overall markets have been quiet this week so far. Euro continues to consolidate last week’s sharp gain, ahead of a key near term resistance against the greenback. Commodity currencies are the slightly stronger ones. Major benchmark global treasury yields continue to rally while stocks tread water. There might
SINGAPORE: Oil prices nudged up on Wednesday following two sessions of losses after industry data showed an unexpected drop in U.S. crude and fuel stocks, offsetting concerns of a possible rise in supplies from Iran. Brent crude futures rose 23 cents, or 0.3%, to $91.01 a barrel by 0122 GMT, while U.S. West Texas Intermediate
UK FTSE 100 down 0.2% German DAX up 0.3% France CAC 40 up 0.2% Italy MIB up 0.15% Spain IBEX up 1.2% The FTSE broke to a two-year high in early trading but gave it all back and more as the mood soured. Interestingly, US equities are picking up now with the S&P 500 hitting
Canadian Dollar is currently the weakest one for today, following the pull back in oil prices. Japanese Yen is following as European and US yields are apparently trying to outpace benchmark JGB yield again. On the other hand, Aussie is trading slightly firmer, together with Kiwi and Dollar. Euro is paring some of the post-ECB