Nasdaq and S&P moves toward unchanged The Nasdaq index has moved back to unchanged on the day after being up as much as 50 points (to 4862. Currently at 4815. Low reached 4810.97) The S&P index was up to 1988.63 but moved back down to a low of 1970.61. The close yesterday was at 1969.40
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New Delhi: Gold prices slipped marginally by Rs 6 to Rs 47,156 per 10 gram in the national capital on Thursday on mixed global cues, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,162 per 10 grams. Silver also declined by Rs 158 to Rs 60,230 per kg
Dollar rebounds mildly entering into US session, as supported by surprisingly good jobless claims report. Risk-on rallies in the stock markets also losing some momentum, helps lift Yen mildly. As for the week so far, Aussie remains the best performer, followed by other commodity currencies. Swiss Franc and Yen are the worst ones. There’s still
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
NEW DELHI: Gold prices were marginally down on Thursday ahead of key inflation data and amid a firm US dollar. Inflation numbers could provide clues on the Federal Reserve’s next policy move. Bond yields moved higher, while the dollar also flexed its muscles, raising bullion’s cost to buyers holding other currencies. Gold futures on MCX
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks rose +4.27 mmb to 1222.16 mmb in the week ended December 3. Crude oil inventory slipped -0.24 mmb to 432.87 mmb, compared with consensus of a -1.71 mmb decrease. Inventory increased in 3 out of
Forex news for Asia trading Friday 19th February 2016 Overnight moves lower in stocks and stronger for the yen continued in Asia today. USD/JPY dropped under 113 and remains there as I update, while EUR/JPY was cushioned somewhat by EUR/USD putting on a few added points toward 1.1130. We saw the Reuters Tankan report from
New Delhi: Capital markets regulator Sebi has proposed ‘one commodity one exchange‘ concept in a bid to reduce fragmentation of liquidity and help every stock exchange develop an exclusive set of unfragmented liquid contracts. In a consultation paper, the regulator said it has prepared a concept note on developing exchange specific unique set of commodities
Much volatility is seen in the markets today, in particular in Sterling. The Pound tumbled sharply on news that the UK Government to going to activate a plan B and impose some restrictions as soon as on Wednesday, due to spread of Omicron. Yet, sentiments recovered After Pfizer said results from an initial laboratory showed
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
New Delhi: Gold prices rose by Rs 177 to Rs 47,267 per 10 grams in the national capital on Wednesday in line with gains in the precious metal in global markets and a fall in the rupee, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,090 per 10
Following a hawkish move in October, we expect the BOC to keep the powder dry this week. Policymakers should acknowledge the strong GDP growth and job market data, while cautioning over the uncertainty of the Omicron variant. They are also expected to reiterate the stance that the rate hike would come once the economic slack
Having inflated the US housing bubble with its never-ending intervention to keep the Yuan weak and pumping the procceds into US Treasuries (the so-called “conundrum”), China is swooping into buy some of the wreckage that the global imbalances of production and consumption wrought. CIC, the sovereign wealth fund of China is set to invest $2
NEW DELHI: Gold prices were trading flat with a negative bias on Tuesday as a firmer dollar and US Treasury yields weighed on the bullion’s appeal. A stronger dollar raises gold’s costs to buyers holding other currencies, while higher yields increase bullion’s opportunity cost. Gold futures on MCX were down 0.09 per cent or Rs
Risk-on sentiment is gather steam today with major European indexes trading broadly higher, while US futures point to higher open. WTI crude oil is also up another 2.5% and is back above 70 handle. In the currency markets, Australian Dollar is leading the rebound in commodity currencies, with help from a slightly more upbeat RBA
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
KUALA LUMPUR: Malaysian palm oil futures hit a one-week high in their second consecutive day of gains on Tuesday, as industry surveys pointed to tightening November production and inventory. The benchmark palm contract for February delivery on the Bursa Malaysia Derivatives Exchange gained 146 ringgit, or 3.07%, to 4,896 ringgit ($1,157.72) a tonne by the
The RBA is widely expected to leave the cash rate unchanged at 0.1%. Given the mixed economic data flow since the last meeting, the uncertainty of the Omicron variant and the scheduled discussion about asset purchases in February, policymakers would stand pat at the upcoming meeting. They would also reinstate that a rate hike next