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Canadian Dollar weakens broadly decline in early US session following weaker-than-expected inflation data. The drop in headline CPI, driven primarily by falling gasoline prices, was steeper than anticipated. However, core inflation measures, especially the closely-watched CPI common, remained near 2% level. This further solidifies expectations that BoC would accelerate its policy easing, with a 50bps

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

Leading commodity bourse MCX on Tuesday announced the launch of cotton seed wash oil futures. Each contract will have a trading unit of 5 tonne with a base value quoted in Rupee per 10 kg at Ex-Tank Kadi, Gujarat, MCX said in a statement. The margin requirement for entering into the contract is approximately 12

The Monday Asian session started quietly with Japan on holiday and the US and Canada on extended weekends. Market reactions to China’s Minister of Finance press briefing over the weekend have been subdued, as traders await further details regarding China’s anticipated fiscal stimulus. Without specifics, it’s difficult to gauge the broader impact on the country’s

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

Central banks remain keen buyers of gold to diversify their reserves for financial or strategic reasons, representatives of three central banks told the London Bullion Market Association’s annual conference in Miami on Monday. Elevated demand for gold from central banks underpinned the price of the non-yielding gold when the global interest rates were high in

Dollar is broadly stronger today in what is otherwise a quiet trading session. With US markets closed for holiday, overall activity has been subdued. However, Dollar bulls seem to be taking advantage of the thinner liquidity to push the greenback higher. The anticipation of further interest rate cuts from ECB this week, and more to

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 prices rose Rs 200 to revisit the all-time high of Rs 78,700 per 10 grams in the national capital on Monday on persistent buying by stockists and traders even as the precious metal lost steam globally, according to the All India Sarafa Association. The yellow metal had closed at Rs 78,500 per 10 grams

ING has taken an optimistic view of the Saturday briefing from China’s Ministry of Finance (MoF). Say the MoF highlighted key priorities aimed at stabilizing the property market and addressing local government debt issues. The ministry signaled that special bonds would be issued to support both bank recapitalization and real estate stabilization efforts. Additionally, the

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UPCOMING EVENTS: Monday: US and Canada Holiday, Fed’s Waller. (US stock market open/bond market closed) Tuesday: UK Labour Market report, German ZEW, Canada CPI, New Zealand Q3 CPI. Wednesday: UK CPI. Thursday: Australia Labour Market report, ECB Policy Decision, US Retail Sales, US Jobless Claims, US Industrial Production and Capacity Utilization, US NAHB Housing Market

In the week from October 7 to 12, gold prices remained volatile in the international as well as domestic markets. Gold prices in the international markets have moved in the range $2,600-2,660/0z, while on the MCX prices moved in the range of Rs 74,800-76,500/10 gms i.e a range of around Rs 1,700/10 gms. Prices corrected

Markets: Gold up $26 to $2655 US 10-year yields down 1 bps to 4.08% WTI crude down 30 cents to $75.56 NZD leads, JPY lags S&P 500 up 0.7%, touches fresh record Friday turned into a classic risk-on day but it’s not entirely clear why. Stock futures were negative and the US dollar was steady

Gold prices were flat in early Asian hours on Tuesday as market participants awaited minutes of the U.S. Federal Reserve‘s last meeting and more economic data for further clarity on policy easing this year. FUNDAMENTALS * Spot gold was little changed at $2,643.68 per ounce, as of 0013 GMT. U.S. gold futures fell 0.1% to

Global financial markets last week were influenced by a combination of clarity and uncertainty. In the US, economic data reinforced expectations of a gradual and measured policy easing path by Fed. Investors embraced the prospect that Fed would not repeat the aggressive 50 bps rate cut implemented in September. This optimism regarding a soft landing

The State Council Information Office of China held a highly-anticipated press conference on Saturday, led by Finance Minister Lan Fo’an. The market was hoping for further announcements on fiscal stimulus after an invitation said to media said officials would outline the country’s plans for intensifying countercyclical adjustments to its fiscal policy. Instead, the press conference

Gold prices held steady on Wednesday as traders awaited cues on U.S. interest rate policy from the minutes of the Federal Reserve‘s latest meeting. FUNDAMENTALS * Spot gold held its ground at $2,622.24 per ounce by 0020 GMT, after falling more than 1% in the previous session. U.S. gold futures edged 0.2% higher to $2,641.00.