NEW DELHI: Gold prices were little changed on Friday, marginally up and set for a gain on a weekly basis. A weaker dollar, concerns over stubborn inflation and tensions surrounding Ukraine lifted demand for the safe-haven bullion. The dollar index was set for its biggest weekly drop since March 2020, lifting demand for the greenback-priced
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The US jobs report has the market now pricing in a greater than 50% chance that the Fed will hike five times in 2022. Expectations for March and May hike are now at 100%. There is and 82% chance of a June hike and a 56% chance of a July and November hike. Probabilities of
Dollar is rebounding strongly in early US session following much better than expected job and wage growth. The greenback is apparently turning the tide against all major currencies, except Euro. The common currency is still the runaway winner for the week, as boosted by surprised hawkish turn in ECB. In other markets, DOW futures took
New Delhi: Gold price in the national capital on Friday gained Rs 34 to Rs 47,918 per 10 grams in line with a rally in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,884 per 10 grams. Silver also jumped Rs 330 to Rs 61,006
Its US jobs report Friday, previews: China was once again out on holiday today. Combined with the wait for the upcoming US January jobs report (nonfarm payroll, previews in the bullets above) much of major FX traded in small ranges. EUR/USD was a bit of an exception. After the ECB and President Lagarde’s less dovish
The forex markets are generally steady in Asian session, as traders await ECB and BoE rate decisions. Dollar is staying as the weakest for the week one after yesterday’s selloff, followed by Yen. Aussie and Euro are the strongest ones. There is upside prospect for Euro even if ECB delivers just a slight hawkish tilt.
SINGAPORE: Oil prices climbed on Friday, extending sharp gains in the previous session sparked by persistent supply concerns and as frigid weather cascades across the United States, threatening to further disrupt fragile oil supplies. Brent crude was up 16 cents, or 0.2%, to $91.27 a barrel by 0102 GMT, after rising $1.16 on Thursday. U.S.
US factory orders for December -0.4% US factory orders for December 2021: Nondefense capital expenditures ex air for December 0.3%Prior month +1.6% revised to 1.8% Factory orders come in as expected at -0.4%. The prior month was at 1.8%. Durable goods revision -0.7% versus -0.9% previously reported. Durable goods increased 3.2% in November Durable goods
It looks like ECB is beating BoE in the race of hawkish surprise in a jam-packed day. Sterling spiked higher after four of the nine MPC members have indeed voted for a larger hike of 50bps. However, there was no clear follow through buying as BoE indicated there will only be “some further modest tightening”
New Delhi: Gold price in the national capital on Thursday gained Rs 37 to Rs 47,902 per 10 grams supported by rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,865 per 10 grams. However, silver tumbled Rs 536 to Rs 61,102 per kg from Rs 61,638 per
The data is here: Australia trade balance for December 2021, exports and imports both up m/m Remarks from ANZ’s analysis: confirmation the Australian economy is in a boom … Intermediate imports zooming as they were in the pre-GFC period. The policy stimulus unwind is coming soon. A further strong rise in intermediate goods imports saw
Overall market sentiment turned more positive after Fed officials jumped out to talk down the prospect of a 50bps hike in March. Australia Dollar is trading broadly higher, following risk-on sentiment, and shrugs off cautious comments from RBA Governor. Euro is following as the second strongest for now but has lost much momentum in crosses
SINGAPORE: Oil prices eased on Thursday following weak U.S. payrolls data and some profit taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate output increases. Brent crude fell 37 cents, or 0.4%, to $89.10 a barrel by 0127 GMT, after rising 31 cents on Wednesday. U.S. West Texas Intermediate crude
The weekly crude oil inventory data is to be released at the bottom of the hour: Crude +1525K expected in tomorrow’s official report Gasoline +1645K expected in tomorrow’s report Distillates -1492K expected in tomorrow’s report the private data released late yesterday showed: Crude oil inventories from the private report The price of crude oil is
Dollar tumbles broadly today as markets are staying in risk-on mode. Additional selling pressure is seen on the greenback after shocking poor ADP job data. On the other hand, Euro is lifted by another record reading in consumer inflation data. Sterling is following Euro as markets await tomorrow’s BoE rate hike. Aussie is slowing down
New Delhi: Gold prices declined by Rs 125 to Rs 47,837 per 10 gram in the local market here on Wednesday in line with lower global prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,962 per 10 gram. Silver also declined by Rs 339 to Rs 61,477 per
Shares of PayPal are down 18% after reporting earnings after the US close today. If that holds, it will open at the lowest since May 2020 tomorrow, near $144. It’s been an absolute swan dive for the shares from $310 in July as the entire payments industry faces a washout. What’s notable to me is
Australian Dollar dips broadly after RBA sounds surprisingly cautious regarding raising interest rates. But loss is so far very limited, as supported by improving market sentiment following strong rebound in US stocks overnight. Dollar is the second weakest, continuing to pare recent gains while Yen is also heading lower. Euro is currently a stronger one