The markets are rather quiet in Asian session. Stock indexes are trading higher but no follow through buying is seen. In the forex markets, major pairs and crosses are stuck inside Friday’s range, with commodity currencies a touch firmer. Activity could remain subdued with an empty calendar for today. Yet, volatility is guaranteed with five
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Mumbai: The largest commodity exchange on Monday launched trading on nickel options, making it the third base metal derivatives on its platform. The exchange already offers base metal options on futures in copper and zinc and option contracts in gold, silver and crude. The exchange said nickel options contract will be based on 1,500 kg
Dollar and Sterling firm up mildly in overall quiet markets today. Commodity currencies are, on the other hand, trading lower. Investors are turning cautious ahead of the wave of central bank meetings later this week, in particular on Fed’s decision to faster the tapering pace. Oil prices also dip mildly even though OPEC upgraded demand
New Delhi: Gold prices rose by Rs 62 to Rs 47,262 per 10 gram in the national capital on Monday in line with recovery in the precious metal in global markets, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,200 per 10 gram. Silver also moved higher by Rs
The Fed this week will announce acceleration of QE tapering. With inflation approaching 7%, policymakers would likely revise its view on inflation outlook and “retire” the word “transitory”. The updated economic projections and median dot plots showing members’ interest rate projections would also be released. The Fed funds rate will stay a 0-0.25% until mid-2022.
TOKYO: prices rose on Monday, extending gains from last Friday, helped by growing optimism that the Omicron coronavirus variant’s impact will be limited on global economic growth and fuel demand. Brent futures climbed 53 cents, or 0.7%, to $75.68 a barrel by 0100 GMT, after rising 1% on Friday. U.S. West Texas Intermediate (WTI) gained
India’s top oil and gas producer is seeking a minimum price of USD 3.5-4 for the natural gas it plans to produce from coal seams in Jharkhand and a field in Tripura. Oil and Natural Gas Corporation (ONGC) has issued separate tenders seeking buyers of 0.02 million standard cubic meters per day of coal-bed methane
Gold prices edged higher on Friday but were headed for a fourth straight weekly fall as investors kept to the sidelines ahead of key U.S. inflation data that could influence the Federal Reserve‘s next policy move. FUNDAMENTALS * Spot gold rose 0.1% to $1,776.23 per ounce by 0057 GMT. U.S. gold futures gained 0.1% to
Investors seemed to have already put Omicron risks behind last week, with markets turned back into risk-on mode. But the forex markets were indeed quite mixed. Commodity currencies were the strongest ones, but the rebounds are looking more like corrective. Yen was the worst performer, but the pull-backs were very shallow Dollar remain stuck in
NEW DELHI: Gold prices inched higher on Friday but were poised for a fourth straight weekly fall as investors eyed key US inflation numbers. Inflation numbers could provide clues on the Federal Reserve’s next policy move. Bullion prices have fallen in the week as investors worried about higher inflation. Gold futures on MCX were up
The markets generally turn quiet in Asian session as markets are look forward to consumer inflation data from US. Before that UK GDP will also be a major focus. Commodity currencies, in particular Canadian Dollar, are losing much upside momentum even though they’re still the strongest ones. Yen’s earlier selloff also lost steam while Dollar
Iron ore futures slipped on Friday, as rising portside inventory of the steelmaking ingredient in top steel producer China, along with weak demand, signalled prices could further weaken in 2022. Iron ore for May delivery on China’s Dalian Commodity Exchange ended daytime trade 0.7 per cent lower at 639.50 yuan ($100.46) a tonne. The benchmark
The multi-decade high in US CPI reading appears to be failing trigger any move in Dollar. The greenback is staying in very tight range in general. Commodity currencies are indeed trying to regain upside momentum. Yen is set to end as the worst performing, followed by Swiss Franc and then Euro. In Europe, at the
Thank you for that wonderful introduction Adam and its certainly great to be back. For a table of current major support and resistance levels for the EUR/USD, GBP/USD, USD/JPY, EUR/GBP, EUR/JPY and USD/CAD please click on the link below. Support Resistance Summary April 23. ADVERTISEMENT – CONTINUE READING BELOW
New Delhi: Gold prices in the national capital on Friday gained Rs 61 to Rs 47,013 per 10 gram amid rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,952 per 10 gram. Silver, however, declined by Rs 615 to Rs 59,273 per kilogram from Rs 59,888
Market sentiment is generally positive in Asian session today. Australian and New Zealand Dollar are extending near term rebound. Other currencies are mixed, though. Canadian Dollar is paring some gains, after the non-eventful BoC rate decision. Sterling is trying to recover from yesterday’s selloff. Dollar and Yen are mixed. Technically, we’ll pay attention to both