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In the Asian trading session today, the forex markets remained largely in consolidative state, with most major currency pairs moving within familiar ranges. Japanese Yen showed slight firmness, trading in a tight range alongside the Dollar and Kiwi. Conversely, British Pound Sterling softened, accompanied by Loonie and Aussie. The widely anticipated rate cut by PBoC

If anything, the chart shows that the mood music is more pensive as investors are likely waiting on more action by Beijing. That especially a follow through on the fiscal side of things. The CSI 300 index is up 0.5% today but it’s not really noticeable from the charts. CSI 300 index weekly chart It

Gold prices remained steady on Tuesday after jumping to a record high in the previous session on escalating geopolitical tensions in the Middle East and uncertainties surrounding the U.S. presidential election. FUNDAMENTALS * Spot gold rose 0.1% at $2,723.06 per ounce, as of 00:20 GMT. U.S. gold futures were 0.1% lower to $2,737.1. * Putting

In the largely uneventful Asian and European sessions today, major currencies remained within familiar ranges, as the absence of key economic data releases kept markets subdued. Central bank commentary continued to dominate the narrative, particularly from ECB officials, who maintained their dovish stance. However, this comes as little surprise, with expectations largely baked in that

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

Gold price surged by Rs 750 to hit a record high of Rs 80,650 per 10 grams while silver skyrocketed by Rs 5,000 per kg in the national capital on Monday, according to the All India Sarafa Association. Amid the intensifying conflict in the Middle East, an interest rate cut by the People’s Bank of

Major currencies are more muted in general to start the day, with only the yen sitting slightly higher. USD/JPY is down 0.2% to 149.23 as the pair starts to show some signs of exhaustion after testing waters above 150.00 last week. Price action is now sitting under both the 100-hour and 200-hour moving averages at

BEIJING – Oil prices steadied in early trading on Monday, following a more than 7% drop last week on worries about demand in China, the world’s top oil importer, and an easing of concerns about potential supply disruptions in the Middle East. Brent crude futures rose 8 cents, or 0.11%, to $73.14 a barrel by

UPCOMING EVENTS: Monday: PBoC LPR. Tuesday: Canada PPI. Wednesday: BoC Policy Decision. Thursday: Australia/Japan/Eurozone/UK/US Flash PMIs, US Jobless Claims. Friday: PBoC MLF, Tokyo CPI, German IFO, Canada Retail Sales, US Durable Goods Orders. Monday The PBoC is expected to cut the LPR rates by 20 bps bringing the 1-year rate to 3.15% and the 5-year

Gold, of late, has stopped showing much reaction to traditional drivers like the US yields, the US Dollar Index, key macroeconomic data, etc as bulls are now focused primarily on uncertainties over the US presidential election outcome. In addition, the metal is extending its gains on synchronised global rate cuts, ETF inflows and geopolitical factors

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

Gold raced past the $2,700 mark for the first time on Friday, extending a rally driven by expectations of further monetary policy easing and safe-haven demand due to uncertainty about the U.S. presidential elections and Middle East conflicts. Spot gold rose 0.6% to $2,709.81 per ounce by 1145 GMT, having hit an all-time high of

Dollar continued its reign as the strongest currency for yet another week, bolstered by solidifying expectations around gradual and measured rate cut cycle by Fed. The rate cut from ECB provided some additional tailwind for the greenback. However, momentum behind the Dollar’s rise remains tepid. Strong risk-on sentiment, coupled with sluggishness in U.S. Treasury yields,

Markets: Gold up $27 to record $2719 US 10-year yields down 2 bps to 4.07% WTI crude oil down $1.27 to $69.40 S&P 500 up 0.3% JPY leads, CAD lags Happy Friday and an especially happy on to the gold bugs, who are being richly rewarded with a 4-day rally and a fresh all-time high.

Oil futures fell on Friday, declining more than 7% on the week after data showed China’s economic growth slowed and investors digested a mixed Middle East outlook. Brent crude futures fell $1.39, or 1.87%, to $73.06 a barrel. U.S. West Texas Intermediate crude settled at$69.22 a barrel, down $1.45 or 2.05%. Brent settled more than

Sterling rises broadly today, driven by unexpectedly strong retail sales figures for September. This recovery suggests that the negative impact of weaker-than-expected CPI data earlier in the week has been fully absorbed by the market. While it now seems likely that BoE will proceed with interest rate cuts in November, the pace of monetary easing

The major indices are closing higher for the day with the Nasdaq leading the way. The Dow and the S&P are also higher. The small cap Russell 2000 is closing lower but is higher on the week. The final numbers are showing: Dow Industrial Average rose 36.86 points or 0.09% at 43275.91 S&P rose 23.20

Crude oil futures inched higher on Friday, supported by a surprise drop in U.S. oil inventories and simmering Middle East tensions, but prices were headed for their biggest weekly loss in more than a month on worries of lower demand. Brent crude futures rose 16 cents, or 0.2%, to $74.61 a barrel by 0025 GMT