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The snapshot of the dollar pairs above shows the greenback down across the board, after opening with a gap lower. Ignore the high for USD/JPY there as that is likely an error on the sheet. My chart has it at 152.54 and that’s the one I’m following. In any case, the dollar is down as

Gold December futures contracts at MCX opened lower by 0.55% or Rs 433 today at Rs 78,434 per 10 gram, while silver December futures contracts were trading at Rs 94,676/kg, down by 0.85% or Rs 807. Gold prices witnessed some profit booking from its all-time high of Rs 79,775/10 grams, falling by Rs 1,341 in

OPEC+ announced on Sunday that it will delay the planned December voluntary output increase by one month. Last week there was a report that this was on the table so it’s not a big surprise. If anything, the oil market could be disappointed that it wasn’t extended for more than a month. I expect any

Written by , ETMarkets.com| Oct 31, 2024, 03:33:29 PM IST 1/12 Tiny Titans Monitoring the activities of large institutional investors can be beneficial, as they conduct extensive research. An ETMarkets study shows that foreign institutional investors (FIIs) have steadily increased their investments in 112 small-cap stocks over the last four quarters (December 2023 to September 2024).

Earlier I wrote a post highlighting why Presidential betting odds have tightened. Well, in the last hour they’ve tightened further and it’s from a somewhat shocking place — Iowa. It was once a swing state but Trump won it by a large margin in 2016 and 2020. It’s largely been abandoned by the Harris campaign.

Written by , ETMarkets.com| Nov 03, 2024, 11:16:09 AM IST 1/6 Market Summary Indian market closed in the red for the second consecutive day in a row on Thursday.The S&P BSE Sensex fell more than 500 points while the Nifty50 managed to hold on to 24,200 levels ET Online 2/6 Sectoral Summary Sectorally, buying was seen

Dollar, which has dominated currency markets in recent weeks, finally eased back last week. But this retreat does not necessarily indicate a reversal of its upward momentum. Instead, the greenback appears to be taking a breather ahead of the impending US presidential election. Closing as the second strongest performer among major currencies, Dollar still has

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

platinum jewellery. The wastage norms are the permissible amount of gold or silver that can be lost during the manufacturing process of jewellery for export. “The wastage permissible and standard input-output norms with regard to export of jewellery have been revised,” the Directorate General of Foreign Trade (DGFT) said in a public notice, adding that

Markets: Gold down $10 to $2734 US 10-year yields up 10 bps to 4.38% WTI crude oil up 20-cents to $69.46 S&P 500 up 0.4% GBP leads, CHF lags The crosscurrents in markets continued on Friday as we count down to the US election. It’s tough to separate moves based on economic data from election

Gold as an asset class needs no introduction. It is often touted as “store of value” i.e. over the time it retains its value or purchasing power. Historically, Gold has been used as potential hedge against inflation. Further, as they say “when going gets tough in financial market, gold gets going” i.e. historically at the

Dollar saw broad-based weakness in early US session following a much weaker-than-expected non-farm payroll report. Headline job growth came in well below forecasts, though market reaction remains tempered, as the data is widely believed to be heavily skewed by recent hurricanes and strikes. With unemployment rate holding steady and wage growth surpassing expectations, the underlying

The Canadian dollar is in a tough spot. The US dollar rose 15 pips against the loonie today to 1.3950, which is the first time at that level since 2022. The next level to watch is 1.3978, as a rise above that level would be the highest since the pandemic. And other than a brief

ETMarkets.com| Oct 31, 2024, 04:32:38 PM IST 1/7 Top Performers Indian benchmark equity indices traded lower on Thursday, dragged down by a decline in information technology stocks, but Larsen & Toubro’s jump after maintaining its annual growth forecast helped cap further losses. Meanwhile, six small and midcap stocks from the Nifty 500 index hit new

Sterling has faced significant selling pressure as markets reacted negatively to the Labour government’s budget announcement. Some analysts draw comparisons to the free fall following former Prime Minister Liz Truss’s mini-budget two years ago. Yet, the current selloff is notably milder. The focus now is on whether Sterling can stabilize in the coming days or

Why it’s important? In the Asian session, Eamonn published the range of estimates for today’s US NFP report. These ranges are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market’s reaction is the distribution of forecasts. In fact, although

Written by , ETMarkets.com| Oct 31, 2024, 06:02:24 PM IST 1/8 New Highs On Thursday, the benchmark index, the Sensex, declined by 553 points, finishing at 79,389. Despite the market’s downturn, seven stocks within the BSE 500 index reached their 52-week highs. A 52-week high indicates the highest price a stock has achieved in the past

Euro strengthened broadly after Eurozone’s flash CPI revealed stronger-than-expected increase in headline inflation, while the decline in core inflation has come to a halt. This data, coupled with the better-than-anticipated GDP figures released yesterday, has provided substantial support to the hawks within ECB. There appears to be no immediate need for ECB to accelerate monetary