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Dollar rebound in early US session after much stronger than expected PCE inflation data. Though, at this point, Canadian Dollar remains slightly firmer, as supported by GDP data. Yen is also recovering with mild retreat in German and Japan yields, as well as mild risk aversion. European majors are, on the other hand, the weaker

Bank of Japan  At the last BoJ policy meeting on April 27 there were no surprises. Interest rates remained at 0.10%. The Yield Curve Control (YCC) was maintained to target 10 year JGB yields at 0.0%. The vote on YCC was made by 8-1 votes with Katoaka the dissenter. Better times ahead The general outlook

NEW DELHI: Gold and silver futures were trading with cuts on Friday as higher US Treasury yields dampened the metal’s appeal, while palladium eased off a record high scale a day earlier. Benchmark US 10-year Treasury yields rose to a more than two-week high in the previous session, increasing the opportunity cost of holding non-yielding

The Fed voted unanimously to leave the Fed funds rate target at 0-0.25%. It also decided to keep the asset purchases at US$120B per month. As expected, the Fed upgraded the economic assessments but continued to warn of downside risks. Fed Chair Jerome Powell at the press conference noted that the Committee has not talked

GBP/USD up 7 pips to 1.3943 today ANZ Research discusses GBP/USD outlook and maintains a bullish bias through year-end. ANZ targets GBP/USD at 1.46 by year-end and at 1.50 into mid-22. “Supported by growing evidence that the easing of pandemic restrictions is underpinning UK growth, GBP/USD has regained its uptrend,” ANZ notes. “Against the backdrop

LONDON: Copper slipped on Thursday after briefly punching above the $10,000 level, last broken a decade ago, as speculators locked in profits amid worries about industrial demand. Three-month copper on the London Metal Exchange touched $10,008 a tonne before retreating 0.3% to $9,847 a tonne by 1400 GMT. The last time copper rose above $10,000

Yen’s selloff is a dominant theme in the markets today as major global treasury yields strengthen. In particular, Germany 10-year bund year is back at around -0.18, above -0.2 handle. US 10-year yield is trading at 1.675 at the time of writing, with a take on 1.7 handle before weekend a possibility. Dollar recovers mildly

Taper time? The last Bank of Canada interest rate meeting saw the BoC as the first central bank to start exiting easy monetary policy by unwinding some of its asset purchases program. $4 billion per week was trimmed to $3 billion per week and interest rate hikes were brought forward from 2023 to 2022. The

LONDON: Copper paused near 10-year highs on Wednesday ahead of a policy announcement by the U.S. Federal Reserve, but analysts at Goldman Sachs joined others predicting a rally to record levels. Benchmark copper on the London Metal Exchange (LME) was up 0.3 per cent at $9,884.50 a tonne at 1637 GMT after reaching $9,965 on

Dollar’s selloff resumed overnight after FOMC risk was cleared. Basically, Fed just reaffirmed it’s stance that it’s far from considering stimulus exits. Though, for the week so far, Yen is even weaker with strong rebound in global treasury yields. Euro is no far, follow Dollar as third weakest so far. On the other hand, Canadian

Initial reaction is USD selling There isn’t much to digest in the FOMC decision. There were no actions or changes to guidance. Powell will take questions shortly but if the statement is any indication, he’s not going to offer anything new. The early market reaction is modest US dollar selling. Some of that is a

gold futures eased below the Rs 47,000 per 10 grams mark on Wednesday amid firming up US Treasury yields ahead of the outcome of Federal Reserve’s scheduled policy review later in the day. MCX gold futures for delivery on June 4 eased by Rs 378 or 0.80 per cent to quote at Rs 46,925 per

The financial markets are generally steady today as traders are holding their bet ahead of FOMC announcement. US President Joe Biden is set to unveil a USD 1.8T package for family and education, but that’s unlikely to trigger much reaction. New Zealand Dollar and Canadian Dollar are currently the strongest ones for today, followed by

Slightly positive tones in early trades German DAX futures +0.2% UK FTSE futures +0.3% Spanish IBEX futures +0.4% European indices had a more subdued session yesterday despite US stocks keeping flatter at the end. There is a mild rebound today with US futures keeping more mixed with S&P 500 futures and Nasdaq futures up 0.1%

NEW DELHI: Gold and silver futures were trading with cuts on Wednesday pulled down by firmer US Treasury yields with investors looking out for policy cues from the Federal Reserve’s meeting, while palladium eased after hitting a record peak in the previous session. Benchmark US 10-year Treasury yields rose to their highest since April 15,

Australian Dollar tumbles broadly in Asian session after weaker than expected CPI data. Sterling is following as the second weakest , and then New Zealand Dollar. Dollar firms up mildly as traders await FOMC rate decision, but the rebound is mainly centered against Yen and Aussie. Indeed, Yen was under some notable selling pressure overnight

Comments from Gundlach on BNNBloomberg DoubleLine CEO Jeff Gundlach was on BNNBloomberg today and took a decidedly anti-US stance. He emphasized that US equities were among the highest-valued in the world. He said he had recently bought European equities for the first time he could remember and also that Asian equities were much-better priced. On

Palladium prices scaled a record peak on Tuesday on persistent supply worries, while gold held a narrow range as investors awaited policy signals from the US Federal Reserve‘s meeting this week. Palladium hit a record high of $2,962.50 per ounce and was up 0.2% at $2,932.76 per ounce by 10:54 a.m. EDT (1454 GMT). “What